U.S. SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C.  20549

                             FORM 10-KSB

[X]  Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

For the fiscal year ended December 31, 2002    Commission File No. 333-96257

[  ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
     Exchange Act of 1934

     For the transition period from           to           .

                        POWER MARKETING, INC.
            (Name of small business issuer in its charter)

           Delaware                                      13-3851304
     State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization                     Identification No.)

    311 South State Street, Suite 460, Salt Lake City, Utah 84111
         (Address of principal executive offices)  (zip code)

Issuer's telephone number, including area code:  (801) 364-9262


    (Former name or former address, if changed since last report.)

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

Check whether the Issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the Issuer was required
to file such reports)                            Yes   X      No
and (2) has been subject to such filing requirements for the past 90 days.
                                                 Yes   X      No

Check if no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is contained in this form, and no disclosure will be contained,
to the best of the Issuer's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. (Not applicable)                  [   ]

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

The aggregate market value of the voting stock held by non-affiliates of the
registrant is not determinable because of the lack of market quotations.  (See
Item 5 herein).

The number of shares outstanding of the Issuer's common stock at December 31,
2002: 1,250,000

<PAGE>

                                PART I

ITEM 1.   DESCRIPTION OF BUSINESS

     (A)  BUSINESS DEVELOPMENT.

     Power Marketing, Inc., a development stage company, was incorporated
under the laws of the State of Delaware on August 1, 1995.  In connection with
its organization, the founder contributed $28,500 cash to initially capitalize
Power Marketing in exchange for 950,000 shares of common stock. On September
19, 1995, Power Marketing commenced a public offering in reliance upon Rule
504 of Regulation D, promulgated by the U.S. Securities & Exchange Commission
under the Securities Act of 1933.  50,000 shares of common stock were offered
and sold and the offering closed in October, 1995.

     In November-December, 1999, management of Power Marketing decided to
engage in a new line of business, and raised additional capital for this
purpose.  Power Marketing sold 250,000 shares of common stock in a non public
offering, at $.20 per share, and raised gross proceeds of $50,000. This
increased the total issued and outstanding common stock to 1,250,000 shares.
The Company then registered a public offering of its securities.  Power
Marketing declared a distribution of 1,250,000 common stock purchase warrants
to shareholders of record as of July 10, 2000.  The Company filed with the
Securities and Exchange Commission a registration statement on Form SB-2,
which became effective June 22, 2000.  Pursuant thereto the Company then
distributed 1,250,000 warrants.  The warrants were exercisable at $1.00 per
share, on or before June 30, 2002. The warrants have now expired, and no
securities were ever sold pursuant to the offering.

     (B)  BUSINESS OF COMPANY.

      Power Marketing was initially formed to engage in the infomercial
business marketing hair products.  This business was not successful and
operations were eventually discontinued.  Management of Power Marketing then
decided to engage in the business of wine investing, to take advantage of what
management believed was a money making opportunity that could be realized
through buying, selling and investing in select vintages of wines.

     This business also was not successful and operations were eventually
discontinued. In January 2002, the Company sold its investments in champagne
and wine, which had a carrying value of $153,571, to an officer/shareholder of
the Company, for $130,535. $117,950 of the sales proceeds was offset against
the Company's liability owing to the officer/shareholder. Even though the
transaction resulted in a loss of $23,036 to the Company, management believes
the terms were no less favorable to the Company than could be obtained from
unaffiliated parties. Because this business was not successful and the
inventory was eventually liquidated, operations were discontinued as of
December 31, 2002.

<PAGE>

     The Company is not presently engaged in any significant business
activities and has no operations. Presently the Company's principal activity
has been to investigate potential acquisitions. However, the Company has not
located any suitable potential business acquisition and has no plans,
commitments or arrangements with respect to any potential business venture.
There is no assurance the Company could become involved with any business
venture, especially any business venture requiring significant capital.

ITEM 2.   PROPERTIES

     Power Marketing has no office facilities and does not presently
anticipate the need to lease commercial office space or facilities, but for
the time being uses the address of the President as the business address.
There is no assurance regarding the length of time the present arrangement may
continue.

ITEM 3.   LEGAL PROCEEDINGS.

     The Company is not a party to any material pending legal proceedings
and, to the best of its knowledge, no action has been threatened by or against
the Company.

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

     No matter was submitted to a vote of security holders through the
solicitation of proxies or otherwise during the fourth quarter of the fiscal
year covered by this report.

                               PART II

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

     (A)  MARKET INFORMATION.

     Our common stock has been quoted under the symbol PMKT on the Electronic
Bulletin Board known as the OTCBB, which is maintained by the National
Association of Securities Dealers, Inc., but has not been traded in the over-
the-counter market, except on a limited and sporadic basis. The following sets
forth high and low bid price quotations for each calendar quarter during such
portion of the last two fiscal years that trading occurred or quotations were
available. Such quotations reflect inter-dealer prices, without retail mark-
up, mark-down or commission and may not represent actual transactions.

     Quarter Ended                 High                Low
     March 31, 2001                $.25                $.25
     June 30, 2001                 $.35                $.28
     September 30, 2001            $.40                $.35
     December 31, 2001             $.35                $.35

<PAGE>

     March 31, 2002                $.35                $.20
     June 30, 2002                 $.35                $.35
     September 30, 2002                 (No quotations)
     December 31, 2002                  (No quotations)

     (B)  HOLDERS.

     At March 5, 2003, there were about 94 record holders of the company's
common stock.

     (C)  DIVIDENDS.

     Power Marketing has not previously paid any cash dividends on common
stock and does not anticipate or contemplate paying dividends on common stock
in the foreseeable future.  Management's present intention is to utilize all
available funds for the development of business.  The only restrictions that
limit the ability to pay dividends on common equity or that are likely to do
so in the future, are those restrictions imposed by law.  Under Delaware
corporate law, a corporation may declare and pay dividends only out of its
surplus, as defined, or if there is no surplus, out of its net profits for the
fiscal year in which the dividend is declared and/or the preceding fiscal
year.

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

     Power Marketing, Inc. was incorporated under the laws of the State of
Delaware on August 1, 1995.  The Company has never generated any significant
revenues from operations and is still considered a development stage company.

PLAN OF OPERATIONS.

     Management's plan of operation for the next twelve months is to continue
using existing capital to provide general working capital during the next
twelve months.  The Company has no operating capital or income producing
assets. At this time, we do not know how long it will be necessary to fund
necessary expenditures from existing capital. The Company is not presently
engaged in any significant business activities and has no operations.
Presently the Company's principal activity has been to investigate potential
acquisitions. However, the Company has not located any suitable potential
business acquisition and has no plans, commitments or arrangements with
respect to any potential business venture. There is no assurance the Company
could become involved with any business venture, especially any business
venture requiring significant capital. We do not anticipate any capital
commitments for product research and development or significant purchases of
plant or equipment, or any change in the number of employees.

      Since the business was unsuccessful, investors have lost the money
invested and management will not attempt to pursue further efforts with
respect to this business, and it is unlikely the Company would have the
financial ability to do so in any event.  Instead management

<PAGE>

will call a
shareholders meeting to decide whether to liquidate the Company or what
direction the Company will pursue, if any.   However, the Company presently
has no commitments or arrangements with respect to any other potential
business venture and there is no assurance the Company could become involved
with any other business venture, especially any business venture requiring
significant capital.

     The accompanying financial statements have been prepared in conformity
with generally accepted accounting principles, which contemplate continuation
of the Company as a going concern. However, the Company has incurred losses
since its inception.  These factors raise substantial doubt about the ability
of the Company to continue as a going concern. In this regard, management is
proposing to raise any necessary additional funds not provided by operations
through loans and/or through additional sales of its common stock.  Management
plans to maintain its filings and curtail operations and activities to keep it
in existence. This may require additional advances from stockholders to pay
accounting and legal fees associated with its filings. There is no assurance
that the Company will be successful in raising this additional capital or in
achieving profitable operations. The financial statements do not include any
adjustments that might result from the outcome of these uncertainties.

ITEM 7.   FINANCIAL STATEMENTS.

     See attached Financial Statements and Schedules.

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

     There are not and have not been any disagreements between the Company
and their accountants on any matter of accounting principles or practices or
financial statement disclosure.

                               PART III

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

     (A)  IDENTIFY DIRECTORS AND EXECUTIVE OFFICERS.

     The following table shows the sole officer and director, his age, and
all offices and positions with Power Marketing. The director is elected for
a period of one year and serves until his successor is duly elected by the
stockholders and qualifies.  Officers and other employees serve at the will
of the board of directors.

<TABLE>
<S>                   <C>               <C>
                      Term Served As    Positions
Name of Director  Age Director/Officer  With Company

Lynn Dixon        55  Since inception   President, Secretary-Treasurer &
                                        Director
</TABLE>
<PAGE>

     A brief description of this individual's background and business
experience follows:

     LYNN DIXON.  Mr. Dixon graduated with a B.S. Degree in business from
Utah State University in 1969.  From 1969 through 1972, he was employed at
Thiokol Chemical Corporation as a cost accountant.  From 1972 through 1979, he
was employed as a stock broker with Olsen and Company, a stock brokerage firm
in Salt Lake City, Utah.  From 1979 to the present, Mr. Dixon has devoted his
full time to managing his own investments in securities and real estate,
including commercial, residential and agricultural real estate investments in
undeveloped ground as well as income producing properties, mutual funds and
other securities investments, both debt and equity, in companies listed on
exchanges such as AMEX or traded over-the-counter and listed on NASDAQ and the
OTCBB. Mr. Dixon served as President of Winthrop Industries during the past
five years until November 1999, when it went through a change in control.
Winthrop Industries was also engaged at that time in the business of wine
investing. Mr. Dixon will devote less than 10% of his time to Power Marketing.

     Mr. Dixon also serves as President and Director of Mobile Design
Concepts, Inc., another company subject to the reporting requirements of the
Securities Exchange Act of 1934. The director holds no directorships in any
other company subject to the reporting requirements of the Securities Exchange
Act of 1934.

     (B)  IDENTIFY SIGNIFICANT EMPLOYEES.

     None other than the person previously identified.

     (C)  FAMILY RELATIONSHIPS.

     None

     (D)  INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS.

     Except as described herein, no present officer or director of the
Company; 1) has had any petition filed, within the past five years, in Federal
Bankruptcy or state insolvency proceedings on such person's behalf or on
behalf of any entity of which such person was an officer or general partner
within two years of filing; or 2) has been convicted in a criminal proceeding
within the past five years or is currently a named subject of a pending
criminal proceeding; or 3) has been the subject, within the past five years,
of any order, judgment, decree or finding (not subsequently reversed,
suspended or vacated) of any court or regulatory authority involving violation
of securities or commodities laws, or barring, suspending, enjoining or
limiting any activity relating to securities, commodities or other business
practice.

     COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT  The Issuer is not
subject to Section 16(a).

<PAGE>

ITEM 10.  EXECUTIVE COMPENSATION.

     The Company has not paid any cash compensation to its executive officer
to date.

COMPENSATION OF DIRECTORS     None

EMPLOYMENT CONTRACTS AND TERMINATION OF EMPLOYMENT AND CHANGE-IN-CONTROL
ARRANGEMENTS

     The Company has not entered into any contracts or arrangements with any
named executive officer which would provide such individual with a form of
compensation resulting from such individual's resignation, retirement or any
other termination of such executive officer's employment with the Company or
its subsidiary, or from a change-in-control of the Company or a change in the
named executive officer's responsibilities following a change-in-control.

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

     The following table contains stock ownership information about officers
or directors, and other stockholders who we know to be beneficial owners of
more that 5% of our stock. A beneficial owner of stock is any person who has
or shares the power to decide how to vote or whether to dispose of the stock.

<TABLE>
<S>                        <C>      <C>                  <C>
                           Title of Amount & Nature of   % of
Name and Address            Class   Beneficial Ownership Class

Lynn Dixon                  Common  1,025,700 shares       82%
311 S. State, #460
SLC, UT 84111

All officers and directors
as a group (1 person)       Common  1,025,700 shares       82%

</TABLE>

     The foregoing amounts include all shares these persons may be considered
to beneficially own regardless of the form of ownership.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     The Company has entered into certain transactions during the last two
years, with officers, directors or affiliates of the Company which include the
following:

     In January 2002, the Company sold its investments in champagne and wine,
which had a carrying value of $153,571, to an officer/shareholder of the
Company, for $130,535. $117,950 of the sales proceeds was offset against the
Company's liability owing to the officer/shareholder.

<PAGE>

Even though the
transaction resulted in a loss of $23,036 to the Company, management believes
the terms were no less favorable to the Company than could be obtained from
unaffiliated parties.

     Except as disclosed in this item, in notes to the financial statements
or elsewhere in this report, the Company is not aware of any indebtedness or
other transaction in which the amount involved exceeds $60,000 between the
Company and any officer, director, nominee for director, or 5% or greater
beneficial owner of the Company or an immediate family member of such person;
nor any relationship in which a director or nominee for director of the
Company was also an officer, director, nominee for director, greater than 10%
equity owner, partner, or member of any firm or other entity which received
from or paid the Company, for property or services, amounts exceeding 5% of
the gross annual revenues or total assets of the Company or such other firm or
entity.

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

     (A)  EXHIBITS to this report are all documents previously filed which
are incorporated herein as exhibits to this report by reference to
registration statements and other reports previously filed by the Company
pursuant to the Securities Act of 1933 and the Securities Exchange Act of
1934.

     (B)  REPORTS ON FORM 8-K have not been filed during the last quarter of
the fiscal year ended December 31, 2002.

ITEM 14. CONTROLS AND PROCEDURES.

     The issuer's principal executive officer or officers and principal
financial officer or officers, or persons performing similar functions, are
responsible for establishing and maintaining disclosure controls and
procedures (as such term is defined in paragraph (c) of Rule 15d-14) for the
issuer and have:

     designed such disclosure controls and procedures to ensure that material
information relating to the issuer, including its consolidated subsidiaries,
is made known to them by others within those entities, particularly during the
period in which the periodic reports are being prepared;

     evaluated the effectiveness of the issuer's disclosure controls and
procedures as of a date within 90 days prior to the filing date of the report
(the "Evaluation Date").

     Based on their evaluation as of the Evaluation Date, their conclusions
about the effectiveness of the disclosure controls and procedures were that
nothing indicated:

     any significant deficiencies in the design or operation of internal
controls which could adversely affect the issuer's ability to record, process,
summarize and report financial data;

<PAGE>

     any fraud, whether or not material, that involves management or other
employees who have a significant role in the issuer's internal controls; or

     any material weaknesses in internal controls that have been or should be
identified for the issuer's auditors and disclosed to the issuer's auditors
and the audit committee of the board of directors (or persons fulfilling the
equivalent function).

     Changes in internal controls. There were no significant changes in the
issuer's internal controls or in other factors that could significantly affect
these controls subsequent to the date of their evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.





<PAGE>



                           POWER MARKETING, INC.
                       [A Development Stage Company]




                                 CONTENTS

                                                            PAGE


        -  Independent Auditors' Report                      F-1


        -  Balance Sheet, December 31, 2002                  F-2


        -  Statements of Operations, for the years
             ended December 31, 2002 and 2001
             and from inception on August 1, 1995
             through December 31, 2002                       F-3


        -  Statement of Stockholders' Equity, from
             inception on August 1, 1995 through
             December 31, 2002                               F-4


        -  Statements of Cash Flows, for the years
             ended December 31, 2002 and 2001
             and from inception on August 1, 1995
             through December 31, 2002                       F-5


        -  Notes to Financial Statements                  F-6 - F-10








<PAGE>

                       INDEPENDENT AUDITORS' REPORT



Board of Directors
POWER MARKETING, INC.
Salt Lake City, Utah

We have audited the accompanying balance sheet of Power Marketing, Inc. [a
development  stage  company]  at  December  31,  2002,  and  the   related
statements  of  operations, stockholders' equity and cash  flows  for  the
years  ended December 31, 2002 and 2001 and for the period from  inception
on  August  1, 1995 through December 31, 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 generally  accepted  auditing
standards  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 audited by us present fairly, in
all material respects, the financial position of Power Marketing, Inc.  as
of  December 31, 2002 and the results of its operations and its cash flows
for  the  years ended December 31, 2002 and 2001 and for the  period  from
inception on August 1, 1995 through December 31, 2002, in conformity  with
generally accepted accounting principles in the United States of America.

The  accompanying  financial statements have been  prepared  assuming  the
Company  will  continue as a going concern.  As discussed Note  7  to  the
financial statements, the Company has suffered losses since inception  and
has  not yet been successful in establishing profitable operations.  These
factors  raise substantial doubt about its ability to continue as a  going
concern.   Management's  plans  in  regards  to  these  matters  are  also
described  in  Note  7.   The  financial statements  do  not  include  any
adjustments that might result from the outcome of these uncertainties.




PRITCHETT, SILER & HARDY, P.C.

February 5, 2003
Salt Lake City, UT


<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                               BALANCE SHEET



                                  ASSETS

                                                       December 31,
                                                           2002
                                                      ____________
CURRENT ASSETS:
  Cash                                                 $     1,799
                                                      ____________
        Total Current Assets                                 1,799

                                                      ____________
                                                       $     1,799
                                                      ____________


                   LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:
  Accounts payable                                     $         -
  Advances payable - related party                           1,440
                                                      ____________
          Total Current Liabilities                          1,440
                                                      ____________


STOCKHOLDERS' EQUITY:
  Preferred stock, $.001 par value,
   500,000 shares authorized,
   no shares issued and outstanding                              -
  Common stock, $.001 par value,
   50,000,000 shares authorized,
   1,250,000 shares issued and
   outstanding, respectively                                 1,250
  Additional paid-in capital                                98,747
  Deficit accumulated during the
    development stage                                     (99,638)
                                                      ____________
        Total Stockholders' Equity                             359
                                                      ____________
                                                       $     1,799
                                                      ____________






 The accompanying notes are an integral part of this financial statement.

                                  F-2
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                         STATEMENTS OF OPERATIONS

                                                             From Inception
                                       For the Year Ended     on August 1,
                                          December 31,        1995 Through
                                      _____________________   December 31,
                                         2002       2001         2002
                                      _________   _________    _________
REVENUE                               $      -    $      -     $      -

EXPENSES:
  General and administrative                 -           -            -
                                      _________   _________    _________
      Total Expenses                         -           -            -
                                      _________   _________    _________
LOSS BEFORE INCOME TAXES                     -           -            -

CURRENT TAX EXPENSE                          -           -            -

DEFERRED TAX EXPENSE                         -           -            -
                                      _________   _________    _________
LOSS FROM CONTINUING OPERATIONS              -           -            -
                                      _________   _________    _________
DISCONTINUED OPERATIONS:
  Loss from operations of
   discontinued wine
   investment business (net of
   $0 in income taxes)                 (11,497)    (31,462)     (81,338)
  Gain (loss) on disposal of
   discontinued wine investment
   business operations (net of
   $0 in income taxes)                       -           -            -
  Loss from operations of
   discontinued hair product
   marketing business (net of
   $0 in income taxes)                       -           -      (18,990)
  Gain on disposal of
   discontinued hair product
   marketing operations (net of
   $0 in income taxes)                       -           -          690
                                      _________   _________    _________
LOSS FROM DISCONTINUED OPERATIONS      (11,497)    (31,462)     (99,638)
                                      _________   _________    _________
NET LOSS                              $(11,497)   $(31,462)    $(99,638)
                                      _________   _________    _________
LOSS PER COMMON SHARE:
  Continuing operations               $      -    $      -     $      -
  Operations of discontinued
   wine investment business               (.01)       (.03)        (.07)
  Gain (loss) on disposal of
   discontinued wine
   investment operations                     -           -            -
  Operations of discontinued
   hair product marketing business           -           -         (.02)
  Gain on disposal of discontinued
   hair product marketing operations         -           -          .00
                                      _________   _________    _________
  Net Loss Per Common Share           $   (.01)   $   (.03)    $   (.09)
                                      _________   _________    _________

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

                                  F-3
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                     STATEMENT OF STOCKHOLDERS' EQUITY

               FROM THE DATE OF INCEPTION ON AUGUST 1, 1995

                         THROUGH DECEMBER 31, 2002


                                                                      Deficit
                                                          Capital   Accumulated
                    Preferred Stock    Common Stock          in       During
                     ______________  ___________________   Excess       the
                                                             of     Development
                     Shares  Amount    Shares   Amount    Par Value     Stage
                     ______  ______  _________  ________  _________  __________
BALANCE,
 August 1, 1995           -   $   -          -    $    -     $    -   $      -

Issuance of 950,000
 shares common stock
 for cash at $.03 per
 share, September 1995    -       -    950,000       950     27,550          -

Issuance of 50,000
 shares common stock
 for cash at $.10 per
 share, net of offering
 costs of $4,950,
 October 1995             -       -     50,000        50          -          -

Net loss for the
 period ended
 December 31, 1995        -       -          -         -          -    (23,780)
                     ______  ______  _________  ________  _________  __________
BALANCE,
 December 31, 1995        -       -  1,000,000     1,000     27,550    (23,780)

Net loss for the
 year ended
 December 31, 1996        -       -          -         -          -        (51)
                     ______  ______  _________  ________  _________  __________
BALANCE,
 December 31, 1996        -       -  1,000,000     1,000     27,550    (23,831)

Net loss for the
 year ended
 December 31, 1997        -       -          -         -          -     (2,168)
                         ____________________________________________________
BALANCE,
 December 31, 1997        -       -  1,000,000     1,000     27,550    (25,999)

Net loss for the
 year ended
 December 31, 1998        -       -          -         -          -     (1,348)
                         ____________________________________________________
BALANCE,
 December 31, 1998        -       -  1,000,000     1,000     27,550    (27,347)

Issuance of 250,000
 shares common stock
 for cash at $.20
 per share,
 December 1999            -       -    250,000       250     49,750          -

Net loss for the
 year ended
 December 31, 1999        -       -          -         -          -     (2,482)
                         ____________________________________________________
BALANCE,
 December 31, 1999        -       -  1,250,000     1,250     77,300    (29,829)

Forgiveness of
 related party debt       -       -          -         -     21,447          -

Net loss for the
 year ended
 December 31, 2000        -       -          -         -          -    (26,850)
                         ____________________________________________________
BALANCE,
 December 31, 2000        -       -  1,250,000     1,250     98,747    (56,679)

Net loss for the
 year ended
 December 31, 2001        -       -          -         -          -    (31,462)
                         ____________________________________________________
BALANCE,
 December 31, 2001        -       -  1,250,000     1,250     98,747    (88,141)

Net loss for the
 year ended
 December 31, 2002        -       -          -         -          -    (11,497)
                     ______  ______  _________  ________  _________  __________
BALANCE,
 December 31, 2002        -  $    -  1,250,000  $  1,250  $  98,747  $ (99,638)
                     ______  ______  _________  ________  _________  __________




 The accompanying notes are an integral part of this financial statement.

                                   F-4
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                         STATEMENTS OF CASH FLOWS


                                                           From Inception
                                       For the Year Ended    on August 1,
                                          December 31,       1995 Through
                                     ______________________  December 31,
                                        2002         2001       2002
                                     _________    _________  __________
Cash Flows from Operating Activities:
 Net loss                            $ (11,497)   $ (31,462)  $ (99,638)
 Adjustments to reconcile
  net (loss) to net cash used
  by operations:
   Amortization                              -            -         500
   Impairment loss                           -       23,036      23,036
   Changes in assets and
    liabilities:
   Increase (decrease)
    in accounts payable                   (650)        (370)          -
   Increase (decrease) in
    liabilities of
    discontinued operations                (20)         360         340
   Increase in accrued
    interest-related party                   -            -       5,617
                                     _________    _________  __________
      Net Cash (Used) by
       Operating Activities            (12,167)      (8,436)    (70,145)
                                     _________    _________  __________
Cash Flows from Investing Activities:
 Organization costs                          -            -        (500)
 Purchase of investment                      -            -    (153,571)
 Proceeds from sale of investment      130,535            -     130,535
                                     _________    _________  __________
      Net Cash Provided (Used)
       by Investing Activities         130,535            -     (23,536)
                                     _________    _________  __________
Cash Flows from Financing Activities:
 Proceeds from sale of common stock          -            -      83,500
 Payment of stock offering costs             -            -      (4,950)
 Proceeds from note payable
  - related party                            -            -     115,830
 Payment on note payable
  - related party                            -            -    (100,000)
 Advances from related party             1,100        7,450     119,050
 Payments on advances from
  related party                       (117,950)           -    (117,950)
                                     _________    _________  __________
      Net Cash Provided (Used)
       by Financing Activities        (116,850)       7,450      95,480
                                     _________    _________  __________
Net Increase (Decrease) in Cash          1,518         (986)      1,799

Cash at Beginning of Period                281        1,267           -
                                     _________    _________  __________
Cash at End of Period                $   1,799     $    281  $    1,799
                                     _________    _________  __________

Supplemental Disclosures of
 Cash Flow information:
  Cash paid during the period for:
   Interest                          $       -     $      -  $        -
   Income taxes                      $       -     $      -  $        -

Supplemental Schedule of Non-Cash Investing and Financing Activities:
 For the Period from Inception on August 1, 1995 Through December 31, 2002:
  On  September  5, 2000, the Company settled a debt consisting  of  a  note
  payable  and accrued interest totaling $121,466 for $100,000.  Because  of
  the related party nature of the note, the gain on settlement was accounted
  for as a contribution to capital.

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

                                   F-5
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization  - Power Marketing, Inc. ("the Company") was organized  under
  the  laws  of  the State of Delaware on August 1, 1995.  The  Company  was
  formed to engage in the business of television marketing of hair products.
  During  1996,  the  Company discontinued the marketing of  hair  products.
  During 1999, the Company purchased wine and champagne as investments.  The
  Company  discontinued its wine investment business effective December  31,
  2002 [See Note 2].  The Company has not generated significant revenues and
  is  considered  a  development stage company as defined  in  Statement  of
  Financial  Accounting Standards No. 7.  The Company has, at present  time,
  not  paid  any dividends and any dividends that may be paid in the  future
  will  depend  upon  the financial requirements of the  Company  and  other
  relevant factors.

  Cash  and Cash Equivalents - The Company considers all highly liquid  debt
  investments purchased with a maturity of three months or less to  be  cash
  equivalents.

  Investment - Investments in wine and champagne are carried at the lower of
  cost or market value.  The Company periodically reviews the carrying value
  of its investments for realization.

  Income  Taxes  - The Company accounts for income taxes in accordance  with
  Statement  of  Financial  Accounting Standards No.  109,  "Accounting  for
  Income  Taxes."   This statement requires an asset and liability  approach
  for accounting for income taxes.

  Discontinued  Operations - The Company has adopted Statement of  Financial
  Accounting Standards No. 144 "Accounting for the Impairment or Disposal of
  Long-Lived  Assets".   SFAS  No.  144 modifies  previous  disclosures  and
  requires additional disclosures for discontinued operations and the assets
  associated with discontinued operations.

  Loss  Per  Share - The Company computes loss per share in accordance  with
  Statement of Financial Accounting Standards No. 128 "Earnings Per  Share,"
  which  requires the Company to present basic and dilutive loss  per  share
  when the effect is dilutive [See Note 8].

  Accounting  Estimates  -  The  preparation  of  financial  statements   in
  conformity  with generally accepted accounting principles  in  the  United
  States  of  America requires management to make estimates and  assumptions
  that   effect  the  reported  amounts  of  assets  and  liabilities,   the
  disclosures  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
  estimated by management.

                                  F-6
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

  Recently  Enacted Accounting Standards - Statement of Financial Accounting
  Standards  ("SFAS")  No.  141,  "Business  Combinations",  SFAS  No.  142,
  "Goodwill  and  Other  Intangible Assets", SFAS No. 143,  "Accounting  for
  Asset   Retirement  Obligations",  SFAS  No.  144,  "Accounting  for   the
  Impairment or Disposal of Long-Lived Assets", SFAS No. 145, "Rescission of
  FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and
  Technical  Corrections", SFAS No. 146, "Accounting  for  Costs  Associated
  with  Exit or Disposal Activities", SFAS No. 147, "Acquisitions of Certain
  Financial  Institutions - an Amendment of FASB Statements No. 72  and  144
  and  FASB Interpretation No. 9", and SFAS No. 148, "Accounting for  Stock-
  Based  Compensation  - Transition and Disclosure - an  Amendment  of  FASB
  Statement  No. 123", were recently issued.  SFAS No. 141, 142,  143,  145,
  146,  147  and 148 have no current applicability to the Company  or  their
  effect  on the financial statements would not have been significant.   The
  Company  has  adopted SFAS No. 144 and has applied it to  the  year  ended
  December 31, 2002.

NOTE 2 - DISCONTINUED OPERATIONS

  On  December  31,  2002,  the  Company discontinued  its  wine  investment
  business.  The Company has accounted for this disposal in accordance  with
  Statement of Financial Accounting Standards No. 144, "Accounting  for  the
  Impairment or Disposal of Long-Lived Assets".  At December 31,  2002,  the
  Company had no assets or liabilities associated with its discontinued wine
  investment business.

  The  following is a summary of the results of operations of the  Company's
  discontinued wine investment business:

                                                           From Inception
                                     For the Year Ended     on August 1,
                                        December 31,        1995 Through
                                    __________  __________  December 31,
                                       2002      2001          2002
                                    __________  __________  __________
         Revenue                    $       -   $       -   $       -
         General and administrative   (11,497)     (8,426)    (57,470)
         Impairment loss                    -     (23,036)    (23,036)
         Interest expense                   -           -        (876)
         Interest income                    -           -          44
                                    __________  __________  __________
         Net loss                   $ (11,497)  $ (31,462)  $ (81,338)
                                    __________  __________  __________

NOTE 3 - IMPAIRMENT LOSS ON INVESTMENT

  During  November 1999, the Company acquired champagne from an entity  that
  at  the time was related to a significant shareholder of the Company.  The
  champagne was acquired for $115,830 which was the carryover cost basis  of
  the related entity.  A note payable in the amount of $115,830 was given as
  consideration  for the champagne.  During December 1999 the  Company  paid
  cash of $37,741 to purchase wine as an investment.  The wine was purchased
  from an unrelated entity.

                                  F-7
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 3 - IMPAIRMENT LOSS ON INVESTMENT [Continued]

  During  the  year  ended  December  31,  2001,  the  Company  recorded  an
  impairment  loss  of $23,036 to reflect the net realizable  value  of  the
  investment.   In  January  2002,  the  Company  sold  its  investments  in
  champagne and wine to an officer/shareholder of the Company.  The  Company
  sold  its  investments, which had an original carrying value of  $153,571,
  for  $130,535 resulting in a loss of $23,036.  The Company offset $117,950
  of   the   sales   proceeds   against   its   liability   owing   to   the
  officer/shareholder.

NOTE 4 - CAPITAL STOCK

  Preferred  Stock - The Company has authorized 500,000 shares of  preferred
  stock, $.001 per value, with such rights, preferences and designations and
  to  be issued in such series as determined by the Board of Directors.   No
  shares are issued and outstanding at December 31, 2002.

  Common Stock - During September 1995, in connection with its organization,
  the  Company  issued  950,000  shares of  its  previously  authorized  but
  unissued common stock.  Total proceeds from the sale of stock amounted  to
  $28,500 (or $.03 per share).

  During  October 1995, the Company made a public offering of 50,000 of  its
  previously authorized but unissued common stock.  Total proceeds from  the
  sale  of  stock  amounted to $5,000 (or $.10 per share).   Stock  offering
  costs offset against the proceeds amounted to $4,950.

  During  December 1999, the Company issued 250,000 shares of its previously
  authorized  but unissued common stock.  Total proceeds from  the  sale  of
  stock amounted to $50,000 (or $.20 per share).

  Warrant Distribution - The Company completed a distribution of warrants to
  purchase 1,250,000 shares of common stock as a common stock dividend.  The
  warrants were exercisable at $1.00 per share, on or before June 30,  2002.
  All 1,250,000 warrants expired on June 30, 2002.

NOTE 5 - INCOME TAXES

  The  Company  accounts for income taxes in accordance  with  Statement  of
  Financial  Accounting  Standards No. 109 "Accounting  for  Income  Taxes".
  SFAS  No.  109  requires  the  Company  to  provide  a  net  deferred  tax
  asset/liability  equal  to  the  expected future  tax  benefit/expense  of
  temporary  reporting differences between book and tax  accounting  methods
  and any available operating loss or tax credit carryforwards.

                                   F-8
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 5 - INCOME TAXES [Continued]

  The  Company  has  available at December 31, 2002  unused  operating  loss
  carryforwards of approximately $70,300 which may be applied against future
  taxable  income  and  which expire in various years  through  2022  and  a
  capital  loss carryforward of approximately $23,000 which may  be  applied
  against future capital gains and which expires in 2007.  The amount of and
  ultimate realization of the benefits from the operating loss carryforwards
  for  income  tax  purposes is dependent, in part, upon  the  tax  laws  in
  effect,  the future earnings of the Company, and other future events,  the
  effects  of  which  cannot  be  determined.  Because  of  the  uncertainty
  surrounding  the  realization of the loss carryforwards, the  Company  has
  established  a  valuation allowance equal to the tax effect  of  the  loss
  carryforwards  and, therefore, no deferred tax asset has  been  recognized
  for the loss carryforwards.  The net deferred tax assets are approximately
  $14,000 and $9,000 as of December 31, 2002 and 2001, respectively, with an
  offsetting valuation allowance of the same amount resulting in a change in
  the  valuation  allowance of approximately $5,000 during  the  year  ended
  December 31, 2002.

NOTE 6 - RELATED PARTY TRANSACTIONS

  Management  Compensation - Officers and directors  have  not  devoted  any
  significant time to the Company's operations nor has the Company paid  any
  compensation to its officers and directors.

  Office  Space - The Company has not had a need to rent office  space.   An
  officer/shareholder  of the Company is allowing the  Company  to  use  his
  office  as  a  mailing  address for the Company. The  cost  is  considered
  nominal and has not been expensed by the Company.

  Shareholder  Advance  -  During  the year  ended  December  31,  2002,  an
  officer/shareholder of the Company advanced $1,440 to the Company.   These
  advances  were  used to pay Company expenses.  At December 31,  2002,  the
  Company  owes  $1,440 to the officer/shareholder.  The  advances  bear  no
  interest and are due on demand.

  Sale of Investments - In January 2002, the Company sold its investments in
  champagne and wine to an officer/shareholder of the Company.  The  Company
  sold  its  investments, which had an original carrying value of  $153,571,
  for  $130,535 resulting in a loss of $23,036. The Company offset  $117,950
  of   the   sales   proceeds   against   its   liability   owing   to   the
  officer/shareholder [See Note 3].

NOTE 7 - GOING CONCERN

  The  Company  was formed with a very specific business plan.  The  Company
  expended  virtually all of its working capital in a relatively short  time
  period   and  was  not  successful  in  establishing  on-going  profitable
  operations.   Consequently,  the Company discontinued  its  operations  of
  engaging  in television marketing.  The Company currently has no  on-going
  operations.

                                   F-9
<PAGE>

                           POWER MARKETING, INC.
                       [A Development Stage Company]

                       NOTES TO FINANCIAL STATEMENTS

NOTE 7 - GOING CONCERN [Continued]

  The  accompanying  financial statements have been prepared  in  conformity
  with  generally  accepted accounting principles in the  United  States  of
  America, which contemplate continuation of the Company as a going concern.
  However, the Company has incurred losses since inception and has  not  yet
  been  successful  in  establishing profitable operations.   These  factors
  raise substantial doubt about the ability of the Company to continue as  a
  going   concern.   In  this  regard,  management  is  proposing  to  raise
  additional funds through loans, or through additional sales of its  common
  stock  or  through  the  acquisition of  other  companies.   There  is  no
  assurance  that the Company will be successful in raising this  additional
  capital.

NOTE 8 - LOSS PER SHARE

  The  following data shows the amounts used in computing loss per share for
  the periods presented.

                                                         From Inception
                                     For the Year Ended   on August 1,
                                        December 31,      1995 Through
                                   ______________________ December 31,
                                       2002       2001        2002
                                   __________  __________  __________
      Loss  from continuing
        operations (numerator)     $       -   $       -   $       -
      Loss from discontinued
        wine investment
        operations (numerator)       (11,497)    (31,462)    (81,338)
      Gain (loss) on disposal
        of discontinued wine
        investment operations
        (numerator)                        -           -           -
      Loss from discontinued
        hair product marketing
        operations (numerator)             -           -     (18,990)
      Gain on disposal of hair
        product marketing
        operations (numerator)             -           -         690
                                   __________  __________  __________
      Loss available to common
        shareholders (numerator)   $ (11,497)  $ (31,462)  $ (99,638)
                                   __________  __________  __________
      Weighted average number
        of common shares
        outstanding used
        in loss per share for
        the period (denominator)    1,250,000   1,250,000   1,102,086
                                   __________  __________  __________

  Dilutive  loss per share was not presented, as the Company had  no  common
  stock  equivalent  shares for all period presented that would  affect  the
  computation of diluted loss per share.


                                      F-10

<PAGE>

                              SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the
registrant caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized.


POWER MARKETING, INC.



By:     /s/ Lynn Dixon       Date:   March 17, 2003
     Lynn Dixon, President and Secretary/Treasurer
     Chief Executive Officer and
     Chief Financial Officer


In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and the
dates indicated.



By:      /s/ Lynn Dixon       Date:    March 17, 2003
     Lynn Dixon, President and Secretary/Treasurer
     Chief Executive Officer and
     Chief Financial Officer




CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     The undersigned Chief Executive Officer and Chief Financial Officer
certify that this report fully complies with the requirements of Section 13 or
15(d) of the Securities Exchange Act of 1934, and the information contained in
the report fairly presents, in all material respects, the financial condition
and results of operations of the Company.




Date:   March 17, 2003             by:    /s/ Lynn Dixon
                                    Lynn Dixon, President & Director


<PAGE>

                           CERTIFICATIONS*
I, Lynn Dixon, certify that:
1. I have reviewed this annual report on Form 10-KSB of Power Marketing, Inc.,
the  registrant;
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this annual report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this annual
report (the "Evaluation Date"); and
c) presented in this annual report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):
a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and
b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and
6. The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



Date: March 17, 2003          by:     /s/ Lynn Dixon
                         Lynn Dixon, President & Director
                    (Chief Executive Officer and Chief Financial Officer)

* Provide a separate certification for each principal executive officer and
principal financial officer of the registrant. See Rules 13a-14 and 15d-14.
The required certification must be in the exact form set forth above.

<PAGE>


Supplemental Information to be Furnished With Reports Filed Pursuant to
Section 15(d) of the Exchange Act by Non Reporting Issuers

No annual report or proxy statement has been sent to security holders.