U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB


(MARK ONE)
 [X]      ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                      FOR FISCAL YEAR ENDED: MARCH 31, 2004

                                       OR

 [  ]       TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
             EXCHANGE ACT OF 1934

For the transition period from                     To
                              --------------------    --------------------------


Commission file number         0-17304
                       ---------------------------------------------------------

                              CNH HOLDINGS COMPANY
                 (Name of small business issuer in its charter)

          Nevada                                                  11-2867201
------------------------------                              --------------------
State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization                                Identification No.)


               17304 Preston Road, Suite 975, Dallas, Texas 75252
--------------------------------------------------------------------------------
               (Address of principal executive offices) (zip code)


Issuer's telephone number                               (972) 381-4699
                                                       ---------------


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

                          Common Stock Par Value $0.001
                                (Title of class)




<PAGE>



         Check whether the issuer (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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

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

         At June 30, 2004,  the  aggregate  market value of all shares of voting
stock held by non- affiliates was approximately  $3,231,291. In determining this
figure  Registrant  has assumed that all directors  and  executive  officers are
affiliates.  This  assumption  shall  not be  deemed  conclusive  for any  other
purpose.  The number of shares  outstanding  of each  class of the  Registrant's
common stock,  as of June 30, 2004,  was as follows:  3,958,358  common  shares,
$.001 par value per share.

Total revenues for fiscal year ended March 31, 2004: $266,270

At June 30, 2003 the number of shares of common stock outstanding was 3,958,358.

Transitional Small Business Disclosure Format (check one): Yes  ; No X























                                        2

<PAGE>



                                     PART I



                         ITEM 1 DESCRIPTION OF BUSINESS


HISTORY

         CNH  Holdings   Company,   a  Nevada   corporation  (the  Company)  was
incorporated in Delaware on April 15, 1987, under the name of I.S.B.C. Corp. The
Company subsequently  changed its name first to Coral Companies,  Inc., and then
to CNH Holdings  Company.  Domicile  was changed to Nevada in 1997.  The Company
conducted an initial public and secondary  offerings during the 1980's.  On June
15, 1998, the Company acquired  Southport  Environmental  and Development,  Inc.
This  acquisition,  however was subsequently  rescinded by agreement between the
parties and made a formal  order of the court  effective  April 19,  2000.  This
order put the Company in the position  which it occupied at June 14, 1998, as if
none of the actions  which had occurred from that time to the date of rescission
had transpired.

         On May 5, 2003,  Corvero  Networks,  Inc., a Florida  corporation,  was
formed by CNH Holdings  Company as a wholly-owned  subsidiary to acquire the use
of certain  technology known as the XBridge  Technology.  This technology has as
its principal  component the Corvero Convergence  Platform.  The acquisition was
accomplished by entering into a license agreement with XBridge Software, Inc., a
Delaware corporation.

         The Company was in the development stage from January 1, 1992 to May 5,
2003. Since May 5, 2003, the Company has commenced planned principal  operations
and is no longer in the development stage.



                         ITEM 2 DESCRIPTION OF PROPERTY


         The Company currently leases  approximately 4,264 square feet of office
space from CMD Realty  Investment Fund, L.P. The lease expires October 31, 2004.
The lease payments are approximately  $6,041 per month. The office space is used
as the Corporate  headquarters.  It is located at 17304 Preston Road, Suite 975,
Dallas,  Texas.  The Company is currently  allowing one of its  customers to use
approximately  2,132  square feet of the above  office  space for  approximately
$3,020 in monthly rent.





                                        3

<PAGE>





                            ITEM 3 LEGAL PROCEEDINGS


         None.



                        ITEM 4 SUBMISSION OF MATTERS TO A
                            VOTE OF SECURITY HOLDERS


         None.

                                     PART II



                       ITEM 5 MARKET FOR COMMON EQUITY AND
                           RELATED STOCKHOLDER MATTERS


         The Common Stock is presently traded in the over-the-counter market and
is listed on the Pink Sheets maintained by the National Quotation Bureau,  Inc.,
and on the Bulletin Board  maintained by the National  Association of Securities
Dealers,  Inc. (NASD), under the symbol CNHC. The following table sets forth the
range of high and low bid  quotations  for the common stock during each calendar
quarter  beginning  April 1, 2002,  and ending March 31, 2004.  The figures have
been rounded to the nearest whole cent.

<TABLE>
<CAPTION>
                                                    HIGH                 LOW
<S>  <C> <C>                                     <C>                 <C>
June 30, 2002                                    $         2.00      $         0.80
September 30, 2002                               $         3.00      $         0.80
December 31, 2002                                $         1.00      $         0.30
March 31, 2003                                   $         0.65      $         0.15

                                                    HIGH                 LOW
June 30, 2003                                    $         2.07      $         0.12
September 30, 2003                               $         2.80      $         0.88
December 31, 2003                                $         2.50      $         1.01
March 31, 2004                                   $         2.70      $         1.30
</TABLE>

          The number of shareholders of record of the Company's  common stock as
of March 31, 2004 was approximately 584.

                                        4

<PAGE>




         The  Company  has not  paid  any  cash  dividends  to date and does not
anticipate  paying cash dividends in the foreseeable  future.  It is the present
intention of management to utilize all available  funds for the  development  of
the Company's business.

RECENT SALES OF UNREGISTERED SECURITIES

         The Company  issued  2,440,000  shares of common  stock during the year
ended March 31, 2004. The stock was not sold through an underwriter  and was not
sold through a public offer.  These sales are exempt under Regulation D Rule 506
of the Securities Act of 1933.


                       ITEM 6 MANAGEMENT'S DISCUSSION AND
                         ANALYSIS OR PLAN OF OPERATIONS


NEW BEGINNINGS

         In May of 2003, a new charter was  declared  for CNH  Holdings  Company
supported  by a new  management  team.  Corvero  Networks,  Inc. was formed as a
wholly owned  subsidiary of CNH Holdings  Company,  focused  specifically on the
rapidly growing Internet Protocol (IP) Telephony  market. At this time,  Corvero
Networks is the single  operating  entity of the public  Company,  and financial
results  reported  reflect the business of Corvero  Networks.  Corvero  Networks
signed a  technology  licensing  agreement  with  XBridge  Software,  a  private
Company, which allowed it to utilize XBridge's technology to introduce radically
new XML-based  technology into the rapidly growing IP Telephony market.  Corvero
Networks' products,  based upon XBridge's XML architected  technology solutions,
enable  the  delivery  of true  voice,  video and data  convergence  in a single
network infrastructure. The launch of Corvero Networks, the market acceptance of
Corvero's  Convergence Server (TM) and the growing  partnership  between Corvero
Networks  and Cisco  Systems' IP  Telephony  Business  Unit have all combined to
validate the vision of Corvero Networks' founders.

BUILDING A STRONG FOUNDATION

         Corvero  Networks  officially  launched its business  operations at the
Cisco Innovation Through  Convergence Expo, held in San Jose, CA in September of
2003.  Leading up to, and  immediately  following the launch,  Corvero  Networks
focused on  building a solid  foundation  that would  support  rapid  growth and
expansion  as the Company  matured  and began to scale the  business  model.  To
leverage  the  existing  technology  relationship  with Cisco  Systems,  Corvero
Networks  began to partner  with  strategic  Cisco IP  Telephony  Re-sellers  in
Cisco's South Central region.  By the end of Q4 FY 2003 (ending March 31, 2004),
Corvero  Networks had executed  Re-Seller  partnership  agreements with 10 Cisco
regional  Value-Added  Resellers (VAR's) and 2 National VAR's.  Corvero Networks
intends to continue  expanding these VAR partnerships  across every Cisco region
in the U.S. and, as growth opportunities allow, internationally as well.


                                        5

<PAGE>



         To empower  these VAR's as well as Cisco's  regional  enterprise  sales
teams,  Corvero  Networks has supported the installation of demo versions of our
the  Corvero  Convergence  Server  (TM) and sales in Cisco's  Customer  Briefing
Centers (CBCs) and leading sales offices.  Corvero has also conducted  sales and
technical training for Cisco and the Value-Added Reseller partners. In addition,
Corvero has  completed  team  training for our VAR  partners  and Cisco's  sales
teams.

         These  expanding  VAR  partnerships  have led to the  steady  growth of
Corvero Networks' client sales prospecting  pipeline in FY 2003. From the formal
launch of the business in  September  2003 through the end of Q2 FY 2003 (ending
September 30), Corvero Networks' sales prospecting pipeline had grown to a level
approaching $500K). By the end of Q4 FY 2003 (ending March 31, 2004),  Corvero's
sales pipeline had grown to over $6M, representing a month-on-month client sales
growth rate of 152%. Most of this client pipeline was  concentrated in the South
Central  region  but  in Q4 FY  2003,  Corvero  Networks  began  to  expand  VAR
relationships  and client  opportunities  into the  Southeastern and Great Lakes
Regions.

         Corvero Networks' first revenue  generating client installs occurred in
Q3 FY 2004. The fourth quarter of FY 2003 saw revenue from client  installations
increasing by 100% double over the previous quarter, a trend that is expected to
continue for the next several quarters. The trend of high growth is expected for
the remaining FY 2004. The Company's clients come from a diverse  representation
of  vertical  markets  including:   petroleum   services,   financial  services,
education,  healthcare/insurance,  investment  services and  governmental/public
entities.

FOCUS ON THE FUTURE

         Corvero Networks remains focused on building a vibrant, sustainable and
growth-oriented  business.  In FY 2003,  the Company has  carefully  followed an
executed  plan  of   controlled   and   manageable   client  growth  within  the
South-Central,  the Southeastern and Great Lakes Regions.  Our client mix ranges
from the Small/Medium Business market through F500 companies.  Corvero Networks'
challenge in FY 2003 was to build the  appropriate  level of  infrastructure  to
sustain and support this mix of clients within the given geographic constraints.
The  scope  of  infrastructure  includes   sales/marketing  staff  and  systems,
technical  support  operations  and  research/development   capabilities.   This
infrastructure  growth will continue into the future as the Company continues to
expand and scale up the business model to meet client demand.

         Corvero   Networks   continued   the   development   of  our  strategic
relationship  with Cisco  Systems  in 2003,  specifically  Cisco's IP  Telephony
Business Unit.  Cisco has emerged as the  recognized  leader in the fledgling IP
Telephony  market,  capturing  in excess of 50% market  share by 2003.  Cisco is
committed  to the growth  and  deployment  of this new  technology  and  Corvero
Networks believes that a strong and growing technology  partnership  between the
two  companies  will  help  fuel the  long-term  growth  prospects  for  Corvero
Networks.  In 2003,  Corvero  Networks  was able to place  demo  systems  of the
Convergence  Server  (TM) into  selected  Cisco  Client and  Executive  briefing
centers.  This move supported the Company's efforts in relationship  building at
all levels with  Cisco's  regional  sales and  marketing  teams.  Cisco has also
supported  Corvero  Networks  through  introductions to selected Cisco re-seller
partners. Corvero has deployed demo systems to

                                        6

<PAGE>



these  re-sellers  and invested the training  time to educate both Cisco and the
re-seller  community  on the  benefits of our  technology  on both the sales and
technical aspects of the solution.

         In 2003 Corvero Networks also formalized  relationships with technology
partners such as SkyPort  International  and AAC, Inc. These  partnerships  will
open up additional market channels for the Company's product line and will allow
for the introduction and integration of new technology on Corvero's  Convergence
Server (TM).

MEETING THE CHALLENGE

         2003 was a year that saw the launch of Corvero Networks, the validation
of our  the  vision  for  using  XML-based  technology  to  provide  convergence
management  services and market  acceptance of this  technology.  This past year
will be viewed as a period where the basic  building  blocks were put into place
to align the Company for the challenges that lies ahead.  The financial  results
from 2003 do not  reveal the true story  behind  the  progress  that was made in
preparation for the future. Corvero Networks' results in 2004 should reflect the
investment that was made in 2003 to meet the challenge and successfully move the
Company to the next level of maturity and business evolution.

FORWARD LOOKING STATEMENT

         This  Management's  Discussion and Analysis of Financial  Condition and
Results of  Operations  includes  a number of  forward-looking  statements  that
reflect  Management's  current views with respect to future events and financial
performance. Those statements include statements regarding the intent, belief or
current expectation of the Company and members of its management team as well as
the  assumptions on which such statements are based.  Prospective  investors are
cautioned that any such forward-looking  statements are not guarantees of future
performance  and involve  risk and  uncertainties,  and that actual  results may
differ materially from those  contemplated by such  forward-looking  statements.
Readers are urged to carefully review and consider the various  disclosures made
by the Company in this report and in the Company's  other reports filed with the
Securities  and Exchange  Commission.  The Company  undertakes  no obligation to
update or revise forward-looking statements to reflect changed assumptions,  the
occurrence of unanticipated  events or changes in the future  operating  results
over time. The Company  believes that its  assumptions are based upon reasonable
data derived from and known about its business and  operations  and the business
and  operations of the Company.  No assurances  are made that actual  results of
operations or the results of the  Company's  future  activities  will not differ
materially from its assumptions.



                           ITEM 7 FINANCIAL STATEMENTS


         The  financial  statements  of the Company and  supplementary  data are
included beginning

                                        7

<PAGE>



immediately  following the signature page to this report. See Item 13 for a list
of the financial statements and financial statement schedules included.



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


         None.

                                    PART III


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


EXECUTIVE OFFICERS AND DIRECTORS

         The  following  table sets forth the name,  age,  and  position of each
executive officer and director of the Company:
<TABLE>
<CAPTION>
DIRECTOR'S   NAME (1)               AGE        POSITION WITH COMPANY*

<S>                                 <C>     <C>
Derek Downs                         35      President and Interim Chief Executive Officer

Cindy Garr                          43      Interim Chief Financial Officer, Executive Vice-President
                                            of Corporate Development and Director

Greg Royal                          37      Executive Vice-President/Chief Technology Officer and
                                            Director

Lisa Anderson                       41      Controller/Treasurer
</TABLE>

(1) On May 31, 2004, Jim Miller  resigned his positions as Chairman of the Board
of Directors, and as President and CEO of the Company.

* No current director has any arrangement or  understanding  whereby they are or
will be selected as a director or nominee.

         The  executive  officers  hold office until the next annual  meeting of
shareholders  and until their  respective  successors have been duly elected and
qualified. The officers are elected by the

                                        8

<PAGE>



Board of Directors at its annual meeting immediately following the shareholders'
annual  meeting and hold office until their death or until they either resign or
are removed from office.  There are no written or other contracts  providing for
the election of directors or term of  employment of executive  officers,  all of
whom serve on an at will basis.

         The Board of Directors of CNHC currently consists of two members,  Greg
Royal and Cindy Garr. The Company does not have any standing  audit,  nominating
or compensation committees,  or any committees performing similar functions. The
board will meet  periodically  throughout  the year as  necessity  dictates.  No
current director has any arrangement or  understanding  whereby they are or will
be selected as a director or nominee.

         Corvero has now assembled a management  team which it feels to be fully
capable of exploiting the XBridge Technology. These individuals are:

DEREK DOWNS, PRESIDENT AND INTERIM CEO --- Previous executive roles in marketing
and business development at i2 Technologies, senior executive roles with several
technology  consulting  firms,  and before that as Director of Alliances at Baan
Company. He has over 14 years experience in sales, marketing and alliances, with
8 of those years  specific  to the  technology  industry--including  consulting,
software and hardware companies.  Derek graduated from the University of Eastern
New Mexico in 1990 with a BBA degree in  Marketing  and a BBA degree in Business
Administration.

CINDY GARR,  INTERIM CFO, EVP OF CORPORATE  DEVELOPMENT --- Ms. Garr has over 20
years  experience in the IT industry in both  Development and Senior  Management
positions at Mercury  Interactive and Boole & Babbage.  Most recently she served
as President for WAVS Inc., a company that  specializes in automated  testing of
wireless  devices.  Previously,  Ms.  Garr  served  as a  founder  of a  Telecom
Consultancy  Firm and is one of the original  founders of XBridge.  She has been
affiliated with the XBridge its inception in 1999.

         As a senior level executive,  Ms. Garr has lead large-scale engagements
with Pacific Bell, US West,  and SBC. She provides  extensive  experience in the
management of technology people,  both sales and engineering.  Ms. Garr has also
been responsible for the creation of several successful Channel Partner programs
for numerous  companies.  She graduated from Brookhaven College with a degree in
Business Management.

GREG ROYAL, EVP/CTO --- Greg has 15 years of IT Sales,  Marketing and Management
experience in New Zealand,  Australia and the United States. Greg is the founder
of XBridge  Software  (the company  licensing  Corvero the  technology)  and the
inventor of the Convergence Platform(TM) technology.  He has held Senior Sales &
Marketing positions at Sycom Office Equipment, Eagle Technology, Network General
Corp.  (NASDAQ:NETG) and Network Associates Inc  (NASDAQ:NETA).  Greg has system
certification  with  Compaq,  IBM,  Novell  and  Hewlett  Packard.  He also  has
significant  experience  in  designing  and  deploying  large  scale IT  systems
including  experience  in Banking and Finance,  Government,  Retail and Property
Services.  Greg has invented and filed four following  patents in 1999 and 2000.
He is  responsible  for the patent  portfolio  for XBridge  Software.  Mr. Royal
attended  Victoria  University  in  Wellington,  New  Zealand,  where he studied
computer science.  He received an MBA from Rushmore  University in Dakota Dunes,
South Dakota, in 1999.

                                        9

<PAGE>




LISA ANDERSON,  CONTROLLER --- Ms. Anderson has over 10 years of tax and general
audit experience  through various  assignments for regional  accounting firms in
Dallas, TX. She is a registered CPA in the state of Texas and graduated from the
University of Texas, Austin, in 1983 with a BBA degree in Accounting.

COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES EXCHANGE ACT OF 1934

        Section  16(a) of the Exchange  Act,  requires the  Company's  officers,
directors and persons who  beneficially  own more than ten percent of the Common
Stock to file reports of securities ownership and changes in such ownership with
the Securities and Exchange Commission. Officers, directors and greater than ten
percent  beneficial  owners  also  are  required  by  rules  promulgated  by the
Securities  and  Exchange  Commission  to furnish the Company with copies of all
Section 16(a) forms they file.

AUDIT COMMITTEE FINANCIAL EXPERT

         The  Company's  board of  directors  does not have an "audit  committee
financial   expert,"  within  the  meaning  of  such  phrase  under   applicable
regulations  of the  Securities  and Exchange  Commission,  serving on its audit
committee.  The  board of  directors  believes  that all  members  of its  audit
committee are financially literate and experienced in business matters, and that
one or more  members of the audit  committee  are  capable of (i)  understanding
generally accepted accounting principles ("GAAP") and financial statements, (ii)
assessing the general  application  of GAAP  principles  in connection  with our
accounting for estimates,  accruals and reserves, (iii) analyzing and evaluating
our  financial   statements,   (iv)  understanding  our  internal  controls  and
procedures  for  financial  reporting;  and (v)  understanding  audit  committee
functions,  all of which are attributes of an audit committee  financial expert.
However,  the board of directors  believes that there is not any audit committee
member who has obtained these attributes through the experience specified in the
SEC's definition of "audit committee financial expert." Further, like many small
companies,  it is difficult  for the Company to attract and retain board members
who qualify as "audit  committee  financial  experts," and competition for these
individuals is significant.  The board believes that its current audit committee
is able to  fulfill  its  role  under  SEC  regulations  despite  not  having  a
designated "audit committee financial expert."



                         ITEM 10 EXECUTIVE COMPENSATION


         None of the  executive  officer's  salary and bonus  exceeded  $100,000
during any of the Company's last two fiscal years.

         There has been no executive compensation in any form to date due to the
lack of working capital in the company.


                                       10

<PAGE>






               ITEM 11   SECURITY OWNERSHIP OF BENEFICIAL OWNERS
                                 AND MANAGEMENT


PRINCIPAL SHAREHOLDERS

         The table  below sets forth  information  as to each  person  owning of
record (or who was known by the Company to own beneficially) more than 5% of the
outstanding common stock at June 30, 2004. The number of outstanding shares does
not include any options  because the strike price of the options  outstanding is
approximately  three times the current  trading price.  This table also includes
information  as to the  ownership of the common  shares by each of the directors
and executive officers of the Company, as well as by the directors and executive
officers  as a group.  Except  as  otherwise  indicated,  all  shares  are owned
directly,  and the persons  named in the table have sole  voting and  investment
power with respect to shares shown as beneficially owned by them.
<TABLE>
<CAPTION>
NAME AND ADDRESS                     NATURE OF                           SHARES
OF BENEFICIAL OWNERS                 OWNERSHIP                         OWNED                   PERCENT


<S>                                  <C>                               <C>                    <C>
XBridge Software, Inc.                      Direct                        2,000,000              50.51%*
P.O. Box 794405
Dallas, TX 75379

E-Biz Trans, Inc.                           Direct                          220,000               5.56%
5645 Rico Drive
Boca Raton, FL 33487

S and B Resources                           Direct                          220,000               5.56%
789 NE 39th St.
Boca Raton, FL 33431

All Executive Officers and
Directors as a Group                        Direct                                0               0.00%

                                             Indirect                     2,000,000             50.51%*
</TABLE>

*The  executive  officers and  directors as a group own a  controlling  interest
XBridge Software, Inc.




                                       11

<PAGE>





             ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


         On May 5, 2003, Corvero Networks,  Inc. was formed by CNH Holdings as a
wholly-owned  subsidiary to acquire the use of certain  technology  known as the
XBridge Technology.  The acquisition was accomplished by entering into a license
agreement  with XBridge  Software,  Inc.  Various  officers and directors of CNH
Holdings own a controlling interest in XBridge Software, Inc.

         The license  agreement  resulted in XBridge licensing to Corvero all of
XBridge's right,  title, and interest in and to a software program.  The Company
issued  2,000,000  "restricted"  common  shares  of its  stock to  XBridge  as a
licensing  fee and  Corvero  is  obligated  to pay  royalties  based  upon gross
revenue.



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


      (a) The following documents are filed as part of this report.
<TABLE>
<CAPTION>
1. FINANCIAL STATEMENTS PAGE

<S>                                                                                                            <C>
Report of Robison, Hill & Co., Independent Certified Public Accountants.........................................F-1
Balance Sheets
  March 31, 2004, and 2003......................................................................................F-2
Statements of Operations
  For the Years Ended March 31, 2004 and 2003...................................................................F-4
Statement of Stockholders' Equity
  For the Years Ended March 31, 2004 and 2003...................................................................F-5
Statements of Cash Flows
  For the Years Ended March 31, 2004 and 2003...................................................................F-6
Notes to Financial Statements
  March 31, 2004 and 2003.......................................................................................F-8
</TABLE>

2.     EXHIBITS
                        The  following  exhibits  are  included  as part of this
report:
Exhibit
Number           Title of Document

10.1     License Agreement (1)

10.2     Asset Purchase Agreement (1)

31.1     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.

31.2     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.

32.1     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.

32.2     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.

                                       12

<PAGE>




         (1)  Incorporated  herein by reference  from  Registrant's  Form 10KSB,
dated July 1, 2003.

     (b) REPORTS FILED ON FORM 8-K

                  None.


                        ITEM 14. CONTROLS AND PROCEDURES


         The Company's Chief Executive  Officer and Chief Financial Officer have
concluded,  based on an evaluation  conducted within 90 days prior to the filing
date of this  annual  report  on Form 10- KSB,  that  the  Company's  disclosure
controls and  procedures  have  functioned  effectively  so as to provide  those
officers the information necessary whether:

                  (i) this  annual  report on Form  10-KSB  contains  any untrue
                  statement of a material fact or omits 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 on Form 10-KSB, and

                  (ii) the financial statements, and other financial information
                  included in this annual report on Form 10-KSB,  fairly present
                  in all material respects the financial  condition,  results of
                  operations  and cash flows of the Company as of, and for,  the
                  periods presented in this annual report on Form 10-KSB.

         There  have  been no  significant  changes  in the  Company's  internal
controls or in other factors since the date of the Chief Executive Officer's and
Chief  Financial  Officer's  evaluation  that could  significantly  affect these
internal controls,  including any corrective actions with regards to significant
deficiencies and material weaknesses.

                  ITEM 15. PRINCIPAL ACCOUNTANT FEES & SERVICES

         The following is a summary of the fees billed to us by Robison,  Hill &
Company for  professional  services  rendered for the years ended March 31, 2004
and 2003:
<TABLE>
<CAPTION>
           Service                                     2004                   2003
------------------------------                  ------------------     ------------------
<S>                                             <C>                    <C>
Audit Fees                                      $            9,633     $            4,201
Audit-Related Fees                                               -                      -
Tax Fees                                                        80                     50
All Other Fees                                                   -                      -
                                                ------------------     ------------------
Total                                           $            9,713     $            4,251
                                                ==================     ==================
</TABLE>

                                       13
<PAGE>

AUDIT FEES.  Consists of fees billed for professional  services rendered for the
audits  of  our  consolidated  financial  statements,  reviews  of  our  interim
consolidated  financial  statements  included  in  quarterly  reports,  services
performed in connection  with filings with the Securities & Exchange  Commission
and related  comfort  letters and other  services that are normally  provided by
Robison,  Hill & Company in connection with statutory and regulatory  filings or
engagements.

TAX FEES. Consists of fees billed for professional  services for tax compliance,
tax  advice  and tax  planning.  These  services  include  assistance  regarding
federal,  state and local tax compliance  and  consultation  in connection  with
various transactions and acquisitions.

Audit  Committee  Pre-Approval of Audit and  Permissible  Non-Audit  Services of
Independent Auditors

         The Audit Committee, is to pre-approve all audit and non-audit services
provided by the independent auditors. These services may include audit services,
audit-related  services,  tax services  and other  services as allowed by law or
regulation.  Pre-approval  is  generally  provided  for up to one  year  and any
pre-approval  is detailed as to the  particular  service or category of services
and is generally  subject to a specifically  approved  amount.  The  independent
auditors  and  management  are  required  to  periodically  report  to the Audit
Committee regarding the extent of services provided by the independent  auditors
in accordance  with this  pre-approval  and the fees incurred to date. The Audit
Committee may also pre-approve particular services on a case-by-case basis.

         The Audit Committee pre-approved 100% of the Company's 2003 audit fees,
audit-related  fees,  tax fees,  and all other fees to the  extent the  services
occurred  after May 6, 2003,  the effective  date of the Securities and Exchange
Commission's final pre-approval rules.




















                                       14

<PAGE>





                                   SIGNATURES


         Pursuant to the  requirements  of section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended,  the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

                              CHH HOLDINGS COMPANY

Dated: July 12, 2004                                By  /S/     Derek Downs
                                                    ----------------------------
                                                    Derek Downs
                                                    President and Interim CEO
                                                   (Principal Executive Officer)

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, this report has been signed below by the following persons on behalf of
the Registrant and in the capacities indicated on this 14th day of July 2004.

Signatures                                  Title

/S/     Derek Downs
------------------------------
Derek Downs                                 President and Interim CEO
                                            (Principal Executive Officer)


/S/     Cindy Garr
------------------------------
Cindy Garr                                  Interim C.F.O., Executive
                                            Vice-President of Corporate
                                            Development, and Director
                                            (Principal Financial Officer)

/S/     Greg Royal
------------------------------
Greg Royal                                  Executive Vice-President/Chief
                                            Technology Officer and Director





                                       15

<PAGE>
                     CNH HOLDINGS COMPANY, INC. & SUBSIDIARY
                     (FORMERLY A DEVELOPMENT STAGE COMPANY)

                                       -:-

                          INDEPENDENT AUDITOR'S REPORT


                             MARCH 31, 2004 AND 2003






<PAGE>






                                    CONTENTS
<TABLE>
<CAPTION>
                                                                                                          Page

<S>                                                                                                       <C>
Independent Auditor's Report...............................................................................F - 1

Consolidated Balance Sheets
   March 31, 2004 and 2003.................................................................................F - 2

Consolidated Statements of Operations for the
   Years Ended March 31, 2004 and 2003.....................................................................F - 4

Consolidated Statement of Stockholders' Equity for the
   Years Ended March 31, 2004 and 2003.....................................................................F - 5

Consolidated Statements of Cash Flows for the
   Years Ended March 31, 2004 and 2003.....................................................................F - 6

Notes to Consolidated Financial Statements................................................................ F - 8
</TABLE>
























<PAGE>





                          INDEPENDENT AUDITOR'S REPORT


To the Board of Directors and Shareholders
CNH Holdings Company and Subsidiary
(Formerly a Development Stage Company)


         We  have  audited  the  accompanying  balance  sheets  of CNH  Holdings
Company,  Inc. and Subsidiary (formerly a development stage company) as of March
31, 2004 and 2003,  and the related  statements of operations and cash flows for
the years ended  March 31, 2004 and 2003,  and the  statement  of  stockholders'
equity  from April 15,  1987  (inception)  to March 31,  2004.  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 audits.

         We conducted our audits in accordance  with the standards of the Public
Company Accounting Oversight Board (United States). 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
audits provide a reasonable basis for our opinion.

         In our opinion,  the  financial  statements  referred to above  present
fairly,  in all  material  respects,  the  financial  position  of CNH  Holdings
Company,  Inc. and Subsidiary (formerly a development stage company) as of March
31, 2004 and 2003,  and the results of its operations and its cash flows for the
years ended March 31, 2004 and 2003 and the  statement of  stockholders'  equity
from April 15, 1987  (inception) to March 31, 2004 in conformity with accounting
principles generally accepted in the United States of America.

         The accompanying  financial statements have been prepared assuming that
the Company  will  continue as a going  concern.  As  discussed in Note 1 to the
financial statements,  the Company has suffered recurring losses from operations
and has a net capital  deficiency that raise substantial doubt about its ability
to continue as a going  concern.  The  financial  statements  do not include any
adjustments that might result from the outcome of this uncertainty.


                                                    Respectfully submitted,


                                                    /s/ Robison, Hill & Co.
                                                    ----------------------------
                                                    Certified Public Accountants
Salt Lake City, Utah
July 8, 2004

                                      F - 1

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>



                                                                                   March 31,
                                                                     -------------------------------------
                                                                           2004                2003
                                                                     -----------------  ------------------

Current Assets:
<S>                                                                  <C>                <C>
   Cash                                                              $             963  $                -
   Accounts Receivable                                                         142,576                   -
   Inventory                                                                     4,460                   -
   Deposit                                                                       3,020                   -
   Receivable from XBridge                                                      30,077                   -
                                                                     -----------------  ------------------

     Total Current Assets                                                      181,096                   -
                                                                     -----------------  ------------------

Fixed Assets:
   Computer Equipment                                                           10,008                   -
   Trade Show Booth and Fixtures                                                 6,570                   -
   Less Accumulated Depreciation                                                (1,776)                  -
                                                                     -----------------  ------------------

     Net Fixed Assets                                                           14,802                   -
                                                                     -----------------  ------------------

Intangible Assets:
   Licensing Rights                                                            375,500                   -
   Less Accumulated Amortization                                               (17,210)                  -
                                                                     -----------------  ------------------

     Net Intangible Assets                                                     358,290                   -
                                                                     -----------------  ------------------

Total Assets                                                         $         554,188  $                -
                                                                     =================  ==================
</TABLE>














                                      F - 2

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
                                  (Continued)
<TABLE>
<CAPTION>



                                                                                   March 31,
                                                                     -------------------------------------
                                                                           2004                2003
                                                                     -----------------  ------------------

Current Liabilities:
<S>                                                                  <C>                <C>
   Accounts Payable                                                  $         868,220  $            4,166
   Accrued Liabilities                                                         101,629                   -
   Accrued Interest                                                              6,727                   -
   Related Party Payables                                                       17,000               6,454
   Short-Term Notes Payable                                                     75,000                   -
                                                                     -----------------  ------------------

     Total Current Liabilities                                               1,068,576              10,620
                                                                     -----------------  ------------------

Long-Term Notes Payable                                                         12,000                   -
                                                                     -----------------  ------------------

     Total Liabilities                                                       1,080,576                   -
                                                                     -----------------  ------------------

Deferred Income                                                                 25,556                   -
                                                                     -----------------  ------------------

Stockholders' Equity:
   Common Stock, Par Value $.001
     Authorized 10,000,000 shares,
     Issued 3,958,358 shares at March 31, 2004 and
     Issued 1,561,177 shares at March 31, 2003                                   3,958               1,561
   Paid-In Capital                                                             594,909             207,786
   Retained Deficit                                                         (1,150,811)           (219,967)
                                                                     -----------------  ------------------

     Total Stockholders' Equity                                               (551,944)            (10,620)
                                                                     -----------------  ------------------

Total Liabilities and Stockholders' Equity                           $         554,188  $                -
                                                                     =================  ==================
</TABLE>









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

                                      F - 3

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>



                                                                                      For the year ended
                                                                                          March 31,
                                                                            --------------------------------------
                                                                                   2004                2003
                                                                            ------------------  ------------------

<S>                                                                         <C>                 <C>
Revenues                                                                    $          266,270  $                -
Cost of Goods Sold                                                                      56,346                   -
                                                                            ------------------  ------------------

     Gross Profit                                                                      209,924                   -
                                                                            ------------------  ------------------

Expenses:
   Sales and Marketing                                                                  12,058                   -
   General and Administrative                                                        1,115,325               4,775
                                                                            ------------------  ------------------

     Total Expenses                                                                  1,127,383               4,775
                                                                            ------------------  ------------------

Other Income (Expense)
   Interest Expense                                                                    (13,385)                  -
                                                                            ------------------  ------------------

     Net Loss                                                               $         (930,844) $           (4,775)
                                                                            ==================  ==================

Basic & Diluted loss per share                                              $           (0.26)  $                -
                                                                            ==================  ==================

Weighted Average Shares                                                              3,531,825           1,561,177
                                                                            ==================  ==================
</TABLE>














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

                                      F - 4

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                 FOR THE TWO YEARS ENDED MARCH 31, 2004 AND 2003
<TABLE>
<CAPTION>




                                                    Preferred Stock              Common Stock              Paid-In        Retained
                                                  Shares      Par Value      Shares        Par Value       Capital        Deficit
                                               -----------   -----------   -----------    -----------    -----------    -----------

<S>                                            <C>           <C>             <C>          <C>            <C>            <C>
Balance at March 31, 2002                             --     $      --       1,561,177    $     1,561    $   207,786    $  (215,192)

Net loss                                              --            --            --             --             --           (4,775)
                                               -----------   -----------   -----------    -----------    -----------    -----------

Balance at March 31, 2003                             --            --       1,561,177          1,561        207,786       (219,967)

Stock issued for Licensing Rights                     --            --       2,000,000          2,000        373,500           --
Stock options exercised                                             --            --          440,000            440           (440)
Shares cancelled                                                    --            --          (42,819)           (43)            43
Contributed capital                                   --            --            --             --           14,020           --

Net loss                                              --            --            --             --             --         (930,844)
                                               -----------   -----------   -----------    -----------    -----------    -----------

Balance at March 31, 2004                             --     $      --       3,958,358    $     3,958    $   594,909    $(1,150,811)
                                               ===========   ===========   ===========    ===========    ===========    ===========
</TABLE>





    The accompanying notes are an integral part of these financial statements

                                      F - 5

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>


                                                                                       For the years ended
                                                                                            March 31,
                                                                              --------------------------------------
                                                                                     2004                2003
                                                                              ------------------  ------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                                           <C>                 <C>
Net Loss                                                                      $         (930,844) $           (4,775)
Adjustments used to reconcile net loss to net cash
     provided by (used in) operating activities:
Depreciation and amortization                                                             18,986                   -
Deferred Income                                                                           25,556                   -
(Increase) Decrease in Accounts Receivable                                              (142,576)                  -
(Increase) Decrease in Inventory                                                          (4,460)                  -
(Increase) Decrease in Deposits                                                           (3,020)                  -
(Increase) Decrease in Xbridge Receivable                                                (30,077)                  -
Increase (Decrease) in Accrued Liabilities                                               101,629                   -
Increase (Decrease) in Accounts Payable                                                  864,054               3,586
Increase (Decrease) in Accrued Interest                                                    6,727                   -
                                                                              ------------------  ------------------

     Net Cash Used in operating activities                                               (94,025)             (1,189)
                                                                              ------------------  ------------------

CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase of equipment                                                                    (16,578)                  -
                                                                              ------------------  ------------------
 Net cash provided by investing activities                                               (16,578)                  -
                                                                              ------------------  ------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from loans                                                                      120,000               1,189
Payments on loans                                                                        (16,000)                  -
Capital contributed by shareholder                                                         7,566                   -
                                                                              ------------------  ------------------
 Net Cash Provided by Financing Activities                                               111,566               1,189
                                                                              ------------------  ------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                                                  963                   -
Cash and Cash Equivalents
  at Beginning of Period                                                                       -                   -
                                                                              ------------------  ------------------
Cash and Cash Equivalents
  at End of Period                                                            $              963  $                -
                                                                              ==================  ==================
</TABLE>



                                      F - 6

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                      (Fomerly a Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>


                                                                                       For the years ended
                                                                                            March 31,
                                                                              --------------------------------------
                                                                                     2004                2003
                                                                              ------------------  ------------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
<S>                                                                           <C>                 <C>
  Interest                                                                    $            7,328  $                -
  Franchise and income taxes                                                  $                -  $                -

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES: None::
ACTIVITIES
Common Stock Exchanged for Licensing Rights                                   $          375,500  $                -
</TABLE>

































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

                                      F - 7

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

         The accompanying  financial statements have been prepared in conformity
with  accounting  principles  generally  accepted  in the United  States,  which
contemplates the Company as a going concern.  However, the Company has sustained
substantial operating losses in recent years and has used substantial amounts of
working capital in its operations.  Realization of a major portion of the assets
reflected  on  the  accompanying  balance  sheet  is  dependent  upon  continued
operations  of the Company  which,  in turn,  is  dependent  upon the  Company's
ability to meet its financing requirements and succeed in its future operations.
Management  believes that actions  presently being taken to revise the Company's
operating and financial  requirements  provide them with the opportunity for the
Company to continue as a going concern.

         These  financial  statements do not reflect  adjustments  that would be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be successful.

         If the  Company  were unable to  continue  as a "going  concern",  then
substantial adjustments would be necessary to the carrying values of assets, the
reported amounts of its liabilities, the reported revenues and expenses, and the
balance sheet classifications used.

Organization and Basis of Presentation

         CNH  Holdings  Company,  a  Nevada   corporation  (the  Company),   was
incorporated in Delaware on April 15, 1987, under the name of I.S.B.C. Corp. The
Company subsequently  changed its name first to Coral Companies,  Inc., and then
to CNH Holdings  Company.  Domicile  was changed to Nevada in 1997.  The Company
conducted an initial public and secondary offerings during the 1980's.

         On June 15, 1998,  the Company  acquired  Southport  Environmental  and
Development,  Inc. This  acquisition,  however,  was  subsequently  rescinded by
agreement  between the parties  and made a formal  order of the court  effective
April 19, 2000.  This order put the Company in the position which it occupied at
June 14, 1998,  as if none of the actions  which had occurred  from that time to
the date of rescission had transpired.

         On May 5, 2003,  Corvero  Networks,  Inc., a Florida  corporation,  was
formed by CNH Holdings  Company as a wholly-owned  subsidiary to acquire the use
of certain  technology known as the XBridge  Technology.  This technology has as
its principal  component the Corvero Convergence  Platform.  The acquisition was
accomplished by entering into a license agreement with XBridge Software, Inc., a
Texas corporation. See Note 8, for detailed description of acquisition.


                                      F - 8

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN (continued)

         The Company was in the development stage from January 1, 1992 to May 5,
2003. Since May 5, 2003, the Company has commenced planned principal  operations
and is no longer in the development stage.

Nature of Operations

         Corvero  Networks,  Inc.  designs and  develops  XML-based  application
appliances  utilized  in  the  IP  Communications  and  Enterprise   Application
Integration  (EAI) markets.  The Corvero  Convergence  Platform(TM)  enables the
integration  of  voice,  video  and data into the  network  infrastructure.  The
Corvero  Integration  Platform(TM)  enables companies to easily share data among
multiple applications across the business enterprise,  and with multiple trading
partners at a fraction of the cost of large, complex solutions.

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES

         This summary of accounting policies for CNH Holdings Company,  Inc. and
Subsidiary  (formerly a  development  stage  company) is  presented to assist in
understanding  the  Company's  financial  statements.  The  accounting  policies
conform to generally accepted  accounting  principles and have been consistently
applied in the preparation of the financial statements.

Use of Estimates

         The financial  statements  are prepared in conformity  with  accounting
principles  generally accepted in the United States of America. In preparing the
financial  statements,  management is required to make estimates and assumptions
that effect the reported  amounts of assets and  liabilities  and  disclosure of
contingent  assets  and  liabilities  as of the date of the  balance  sheet  and
statement of operations for the year then ended.  Actual results may differ from
these estimates. Estimates are used when accounting for allowance for bad debts,
collectibility  of  accounts  receivable,  amounts  due  to  service  providers,
depreciation and litigation contingencies, among others.

Principles of Consolidation

         The  consolidated  financial  statements  include  the  accounts of CNH
Holdings Company, a Nevada  corporation and its wholly-owned  subsidiary Corvero
Networks,  Inc. a Florida  corporation.  The  results of  subsidiaries  acquired
during the year are consolidated from their effective dates of acquisition.  All
significant inter-company accounts and transactions have been eliminated.



                                      F - 9

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES (continued)

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Concentration of Credit Risk

         The Company has no  significant  off-balance  sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

Revenue Recognition

         Revenue and related  costs are reflected in the accounts when earned or
incurred.

Depreciation and Amortization

         Fixed   assets  are  recorded  at  cost  and   depreciated   using  the
straight-line  method over the estimated  useful lives of the assets which range
from three to seven years.  Fixed assets consisted of the following at March 31,
2004:


Computer Equipment                                            $          10,008
Trade Show Booth & Fixtures                                               6,570
Less accumulated depreciation                                            (1,776)
                                                              -----------------

Total                                                         $          14,802
                                                              =================

         Maintenance  and  repairs are charged to  operations;  betterments  are
capitalized.  The  cost  of  property  sold  or  otherwise  disposed  of and the
accumulated  depreciation  thereon are eliminated  from the property and related
accumulated depreciation accounts, and any resulting gain or loss is credited or
charged to income.

         Total  depreciation  expense  for the year  ended  March  31,  2004 was
$1,776.

         The Company has adopted the Financial  Accounting  Standards Board SFAS
No., 142, "Goodwill and Other Intangible Assets." SFAS 142 requires, among other
things,  that companies no longer amortize  goodwill,  but instead test goodwill
for impairment at least annually. In addition,

                                     F - 10

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES (continued)

SFAS 142 requires that the Company identify  reporting units for the purposes of
assessing potential future impairments of goodwill, reassess the useful lives of
other  existing   recognized   intangible  assets,  and  cease  amortization  of
intangible  assets with an indefinite  useful life. An intangible  asset with an
indefinite  useful life should be tested for  impairment in accordance  with the
guidance in SFAS 142.

         Intangible Assets consisted of the following at March 31, 2004:
<TABLE>
<CAPTION>
              Intangible Asset                      Amortization          Amortization Period
--------------------------------------------      -----------------    --------------------------
<S>                                               <C>                           <C>
Licensing Rights                                  $         375,500             20 Years
Less accumulated amortization                               (17,210)
                                                  -----------------

Total                                             $         358,290
                                                  =================
</TABLE>

         Total  amortization  expense  for the year  ended  March  31,  2004 was
$17,210.

         The estimated amortization for the next five years is as follows:


2004                                         $            18,775
2005                                                      18,775
2006                                                      18,775
2007                                                      18,775
2008                                                      18,775
                                             -------------------
Total                                        $            93,875
                                             ===================

Earnings (Loss) per Share

         Basic  earnings  (loss) per share has been  computed  by  dividing  the
earnings for the period  applicable to the common  stockholders  by the weighted
average number of common shares outstanding during the years.

         There are no dilutive outstanding common stock equivalents at March 31,
2004 and 2003.

Reclassification

         Certain   reclassifications  have  been  made  in  the  2003  financial
statements to conform with the 2004 presentation.


                                     F - 11

<PAGE>



                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 2 - SUMMARY OF ACCOUNTING POLICIES (continued)

Deferred Income

         Deferred income represents contracts for certain revenue to be received
in the future. The deferred income is recognized in subsequent years as services
are rendered.

NOTE 3 - CONCENTRATION OF RISK

         As of March 31, 2004,  the Company  receives  approximately  90% of its
gross revenues from its top three re-sellers. The loss of these re-sellers would
adversely impact the business of the Company.

NOTE 4 - INCOME TAXES

         As of March 31, 2004, the Company had a net operating loss carryforward
for income tax reporting purposes of approximately $1,150,000 that may be offset
against future taxable income through 2024. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carry-forwards  will expire unused.  Accordingly,  the potential tax benefits of
the loss carry-forwards are offset by a valuation allowance of the same amount.

NOTE 5 - LEASE COMMITMENT

         The Company currently leases  approximately 4,264 square feet of office
space from CMD Realty  Investment Fund, L.P. The lease expires October 31, 2004.
The lease payments are approximately  $6,041 per month. The office space is used
as the Corporate  headquarters.  It is located at 17304 Preston Road, Suite 975,
Dallas,  Texas.  The Company is currently  allowing one of its  customers to use
approximately  2,132  square feet of the above  office  space for  approximately
$3,020 in monthly rent.

         The minimum  future lease payments under these leases for the next five
years are:


           Year Ended March 31,
-------------------------------------------
         2005                                             $       42,287
         2006                                                          -
         2007                                                          -
         2008                                                          -
         2009                                                          -
                                                          --------------
         Total minimum future lease payments              $       42,287
                                                          ==============

                                     F - 12
<PAGE>

                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 6 - COMMON STOCK

         During May of 2003,  the Company  issued 440,000 shares of common stock
from the exercise of outstanding stock options.

         During  June  of  2003,   the  Company  issued   2,000,000   shares  of
"restricted" common stock to XBridge Software,  Inc. to acquire licensing rights
valued at $375,500.

         During the year ended March 31, 2004,  42,819 shares were cancelled and
returned to the Company.

NOTE 7 - NOTES PAYABLE

         On July  31,2003,  the  Company  received  a loan for  $12,000  from an
unrelated third party.  This is a convertible  note, with an interest rate of 6%
due August 1, 2005.

         On September 22, 2003, the Company  received a loan for $75,000 from an
unrelated  third party.  This is a  convertible  note,  with  interest at 8% due
September 22, 2004.

NOTE 8 - RELATED PARTY PAYABLE

         During the year ended March 31, 2004, the Company  received a loan from
a shareholder  of $33,000.  This note carries an interest rate of 18% and is due
in August of 2004.  During the year ended March 31,  2004,  the Company had paid
$16,000  towards  this note.  On July 6, 2004,  the Company paid  $19,435.95  in
payment of the remainder of this note.

         During the years ended March 31, 2002,  2003 and 2004,  the Company has
received funds in the amount of $14,020 from related  parties to pay general and
administrative expenses. These funds have been recorded into paid-in capital.

NOTE 9 - ACQUISITIONS

         On May 5, 2003,  Corvero  Networks,  Inc., a Florida  corporation,  was
formed by CNH Holdings  Company as a wholly-owned  subsidiary to acquire the use
of certain  technology known as the XBridge  Technology.  This technology has as
its principal  component the Corvero Convergence  Platform.  The acquisition was
accomplished by entering into a license agreement with XBridge Software, Inc., a
Texas corporation.

         The License  Agreement  was entered on May 5, 2003.  This  agreement is
principally  between  Corvero and  XBridge,  although  CNH Holdings was party to
certain provisions. The License

                                     F - 13

<PAGE>


                    CNH HOLDINGS COMPANY, INC. AND SUBSIDIARY
                     (Formerly a Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   FOR THE YEARS ENDED MARCH 31, 2004 AND 2003
                                   (continued)

NOTE 9 - ACQUISITIONS (continued)

Agreement  resulted  in XBridge  licensing  to Corvero all of  XBridge's  right,
title,  and  interest in and to a software  program  (and  concomitant  hardware
platforms)  which had been  developed  by XBridge and which  were,  collectively
known as the "XBridge  Technology." This technology  principally  allows for the
development,  implementation and  commercialization of XML integration solutions
in the EBI and IP Telephony markets. CNH Holdings  subsequently issued 2,000,000
"restricted" common shares of its stock to XBridge as a licensing fee.












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