UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-KSB

[  X ]     ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXHANGE ACT
OF  1934  For  the  Fiscal  Year  ended  December  31,  2002

[   ]     TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXHANGE
ACT  OF  1934  For  the  transition  period  from  _____  to  _____

                       Commission File Number:  333-85460

                           SHORESIDE INVESTMENTS, INC.
           (Name of small business issuer as specified in its charter)

                UTAH                                87-0535456
   (State or other jurisdiction of     (I.R.S. Employer Identification Number)
    incorporation or organization)

                       3191 SOUTH VALLEY STREET, SUITE 201
                            SALT LAKE CITY, UT, 84109
                    (Address of principal executive offices)

                                 (801) 474-0824
                           (Issuer's telephone number)

         Securities registered under Section 12(b) of the Exchange Act:

                                      NONE

         Securities registered under Section 12(g) of the Exchange Act:

                         COMMON STOCK, $0.001 PAR VALUE

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

On December 31, 2002 the aggregate market value of the voting stock of Shoreside
Investments,  Inc.  held by non-affiliates of the registrant was $-0-.  There is
currently  no  public  market for the registrant's common stock.  Therefore, the
aggregate  market value of the stock is deemed to be $-0-.  At December 31, 2002
there  were  1,200,000 shares of common stock of the registrant outstanding, par
value  $.001.

The  issuer's  revenue  for  its  most  recent  fiscal  year  was:  $18,731.

Documents  Incorporated  by  Reference:  None.

Transitional  Small  Business  Disclosure  Format:  Yes  [   ]  No  [  X  ]


<PAGE>

<TABLE>
<CAPTION>


                                           FORM 10-KSB
                                   SHORESIDE INVESTMENTS, INC.
                                              INDEX

                                                                                             Page
<S>       <C>                                                                                 <C>
PART I .  Item 1.  Description of Business                                                      3

          Item 2.  Description of Property                                                      4

          Item 3.  Legal Proceedings                                                            4

          Item 4.  Submission of Matters to a Vote of Security Holders                          4

PART II.  Item 5.  Market for Common Equity and Related Stockholder Matters                     4

          Item 6.  Management's Discussion and Analysis or Plan of Operation                    5

          Item 7.  Financial Statements                                                         7

          Item 8.  Changes In and Disagreements with Accountants on Accounting and
          Financial Disclosure                                                                  7

PART III  Item 9.  Directors, Executive Officers, Promoters and Control Persons; Compliance
          with Section 16(a) of the Exchange Act                                                7

          Item 10.  Executive Compensation                                                      8

          Item 11.  Security Ownership of Certain Beneficial Owners and Management              8

          Item 12.  Certain Relationships and Related Transactions                              9

          Item 13.  Exhibits and Reports on Form 8-K                                            9

          Item 14.  Controls and Procedures                                                    10

          Signatures                                                                           10

          Certifications                                                                       11
</TABLE>

(Inapplicable  items  have  been  omitted)


                                        2
<PAGE>

                                     PART I


ITEM  1.  DESCRIPTION  OF  BUSINESS

FORWARD-LOOKING  STATEMENT  NOTICE

When  used  in  this  report,  the  words "may," "will," "expect," "anticipate,"
"continue,"  "estimate,"  "project,"  "intend,"  and  similar  expressions  are
intended  to  identify  forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of  1934  regarding events, conditions, and financial trends that may affect the
Company's  future plans of operations, business strategy, operating results, and
financial  position.  Persons  reviewing  this  report  are  cautioned  that any
forward-looking  statements  are  not  guarantees  of future performance and are
subject to risks and uncertainties and that actual results may differ materially
from those included within the forward-looking statements as a result of various
factors.

GENERAL

Shoreside  Investments,  Inc.  ("Shoreside")  was incorporated under the laws of
Utah  on  February 8, 1995 as Sun Seekers Corp. to engage in any lawful acts not
prohibited  by  the  laws  of  any  jurisdiction in which the corporation may do
business, and for the specific purpose of building and operating tanning salons.
We  were not successful in our initial business venture and ceased tanning salon
operations  in  November  1995.

For  a  brief  period  beginning  in  February  of 1996, management explored the
prospect  of  entering  into the investor relations/marketing business.  Two new
directors  with experience in that business were appointed, and minimal business
activity  in  that  field  was conducted.  However, by February of 1997, the new
directors  resigned  and  this business was also abandoned without acquiring any
assets  or  achieving  any  operating  revenues.

In  October  of 1999, our sole remaining director, Mr. Harvey Carmichael, made a
capital contribution of $5,000 to establish a new bank account and bring current
our state filing requirements.  At that time we implemented a new business plan,
focusing  on  renting  vacation  and  resort  properties.  In  June  of 2000, we
acquired  a  condominium  in  Park  City, Utah in exchange for 200,000 shares of
common stock.  We also acquired a vacant lot located in Draper, Utah in exchange
for  50,000  Shoreside  common shares.  Management briefly considered developing
the  Draper  property  but  abandoned that plan due to our lack of experience in
real  estate development.  In October of 2001, we returned the vacant lot to its
original  owner  and  the  50,000 shares that had been issued for the vacant lot
were  cancelled.

On  August 9, 2002, Mr. Carmichael sold his shares of Shoreside common stock and
resigned.  Subsequently,  Mr.  Robert Karz was appointed as President, Secretary
and  Treasurer.

OUR  BUSINESS

We  are in the business of renting our condominium to people visiting Park City,
Utah.  Park  City  is a ski resort city that received international attention as
the  location  of  several events during the 2002 Winter Olympics.  Park City is
also the home of the United States Ski Team, and hosts Robert Redford's Sundance
Film  Festival  each  January.  In  the summer, Park City hosts several cultural
events  including the Park City Arts Festival and the Deer Valley Jazz Festival.
Park  City  is  conveniently  located  off  U.S. Interstate 80, approximately 45
minutes  from  Salt  Lake  International  Airport.


                                        3
<PAGE>

Park  City  is  located  in  Summit  County,  Utah  in  the heart of the Wasatch
Mountains.  According  to  the  Park City Chamber of Commerce, Summit County has
the  highest  per  capita  income  in  the State of Utah.  It is also one of the
fastest growing communities in the United States with a projected growth rate of
3.8%  through 2020, more than twice the national average of 1.3%.  Summit County
hotels,  condominiums and vacation homes generated nearly $90,000,000 in taxable
rents  in  1998, an 11.3% increase over the previous year. Similar increases are
anticipated  for the foreseeable future.  These statistics are available free of
charge  or  at  a  minimal  cost  from  the  Park City Chamber of Commerce or at
www.parkcity.org.
-----------------

The  Park City area is recognized as a premier winter sports resort destination;
the 2002 Ski Magazine readers poll ranked Deer Valley as America's #1 ski resort
with  Park  City  Resort ranked #8.  Complete national rankings are available at
www.skimag.com.  Our  condo  is just a few blocks from the Park City Ski Resort,
--------------
less  than  a  mile  from Deer Valley, and within two miles of The Canyons, Park
City's  largest resort. Our condo is also within walking distance of Park City's
Main Street, the site of film festival venues, numerous restaurants, nightclubs,
boutiques  and shops.  Public transportation from Main Street to the surrounding
resorts  is  also  available  at no charge from 7:30 am to 10:30 pm seven days a
week.

OUR  CONTRACT  WITH  HIGH  MOUNTAIN  PROPERTIES

In  June  of  2000,  we contracted with High Mountain Properties, an independent
property  management service to include our condo unit as a part of their rental
pool.  High  Mountain  is  based  in  Park  City,  Utah  and  manages  several
condominiums  and  resort  properties  in  the  Park  City  area.  High Mountain
establishes rental rates for our property based on their assessment of rates for
comparable  properties  in  the Park City area.  Our agreement is for an initial
term  through  April 30, 2003, and it automatically renews on May 1 from year to
year  until  terminated  by  either  party  upon  60  days'  written  notice.

The  average  occupancy  rates  for units in the Gambler condominiums during the
past two years have been approximately 15 nights per month from December through
February  with  decreasing  rentals in March and April.  Seasonal demand for our
property is reflected by our advertised rental rates which are higher during ski
season  when  demand  is  highest,  and  lower  in the spring through fall.  The
present  nightly rental rates for our condominium as advertised by High Mountain
are  as  follows:

     -    $175  per  night  from  April  15  to  the  opening  of  ski  season
     -    $210 per night from the opening of ski season through December 19 with
          a  three  night  minimum  stay
     -    $210 per night from January 5 to January 15 with a three night minimum
          stay
     -    $210  per  night  from  March  23  through April 13 with a three night
          minimum  stay
     -    $320 per night from December 20 through December 24 with a three night
          minimum  stay
     -    $320  per  night  from  January 16 through March 22 with a three night
          minimum  stay
     -    $430  per  night from December 25 through January 4 with a seven night
          minimum  stay

These  are  advertised  rates  and  do  not  necessarily reflect the actual rate
charged.  High  Mountain  reserves  the right to adjust the rates in response to
demand for rental properties. We rely on High Mountain's expertise and knowledge
of the market in setting our rental rates.  We believe our rates are competitive
and  we  do  not  intend  to  conduct  additional  research regarding our rates.

Under the terms of our agreement, guests reserve rooms through High Mountain and
pay them directly.   High Mountain retains 40% of the adjusted gross rentals for
nightly  and  weekly  rentals,  and  25%  of  adjusted gross rentals for monthly
rentals.  High  Mountain  provides a monthly accounting of adjusted gross rental
revenue  and  expenses  and  remits  net  rental  income  to us with the monthly
statement.  In  addition  to  renting  our  property,  High  Mountain  provides


                                        4
<PAGE>

housekeeping,  security,  cleaning  and  basic  maintenance as well as inventory
control  over  items  such  as  bedding,  linens,  televisions,  radios,  and
kitchenware.  We  remain  liable  for  all  property  taxes,  utility  fees  and
insurance.  As  owners  of the condominium, we remain free to occupy the unit at
no cost or to provide the unit to our guests at no cost or reduced cost provided
that  High  Mountain  is notified in advance.  Through December 31, 2002 we have
not  exercised  our right to occupy the condo or provide free lodging to guests.
Nor  do  we  plan  to  provide  complimentary  lodging  in  the  future.

MARKETING  AND  ADVERTISING

Our  target  market is cost-conscious vacationers, both those who travel to Utah
and  residents  within  Utah  who  are looking for a nearby retreat or a weekend
getaway.  With  the  increased  interest  in  Park City due to the recent Winter
Olympics,  we  believe  our  condo  will  appeal to these vacationers.  A recent
search  of  hotel  and condominium availability on www.expedia.com revealed that
                                                   ---------------
hotel  and  condominium  rates  in  Park  City  during  peak ski season run from
approximately  $250  to  well  over  $1,000 per night, depending on the level of
accommodations  provided.  We  believe our rates are comparable to those charged
for  similar properties and rely on the expertise of High Mountain Properties in
establishing  rates  that  will  appeal  to  our  target  market.

We  believe  we  can  appeal  to  our  target  market  by providing comfortable,
convenient  and reasonably priced accommodations.  We believe our condo combines
many of the comforts of a private home with the amenities of a hotel.  Our condo
also  offers flexibility in vacation planning and budgeting that we believe will
appeal  to  families  and  cost-conscious travelers.  Our condominium has a full
kitchen  and  laundry  and  provides  comfortable accommodations for up to eight
people.  This  should  appeal to vacationers who cannot afford or do not want to
pay  the  higher costs for luxury hotels and resorts.  For example, by renting a
condominium  families  can  save  money by preparing their own meals rather than
dining out.  Our central location is also within walking distance of Park City's
Main  Street  where  many  restaurants,  art  galleries,  film  festival venues,
boutiques  and nightclubs are located.  In addition, Park City provides free bus
service  from  7:30  am  to 10:30 pm, seven days a week, reducing the need for a
rental  car and associated fuel and parking expenses.  The no-fare buses connect
Main  Street  to  all of the area ski resorts and to the outlet mall and factory
stores  located  at  Kimball  Junction.

Although  we  generate  limited rentals through word of mouth referrals, we rely
mainly  on  the  efforts  of High Mountain to market and advertise our property.
High  Mountain  claims to be the largest locally-owned resort management company
serving Deer Valley, Park City and the Canyons ski resorts, with a corresponding
presence  in  the  Park  City  vacation  rental  market.  Methods of advertising
utilized  by  High  Mountain  include maintaining a website, direct marketing to
travel  agents,  travel  wholesalers  and  former  guests, as well as the use of
brochures  and  advertising  through  selected travel media.  High Mountain also
works  closely  with  Deer  Valley  Resort's central reservations desk and other
websites  such  as  www.visitutah.com  to  market  its  properties.
                    -----------------

High  Mountain  currently  lists our condominium along with many others on their
web  site  located  at  www.highmountainproperties.com.  By  using  the website,
                        ------------------------------
potential  guests  can  check  lodging  availability and rates, view pictures of
rental  properties  and  make  online  reservations.  For  individuals  seeking
additional  information, High Mountain maintains a toll-free telephone number at
(877)  340-1237.

We  believe  that  High Mountain's marketing and advertising efforts satisfy our
current  promotional  needs.  We  also  intend  to  continue promoting our condo
locally  through word of mouth and targeted advertising.  If we determine in the
future  that  High  Mountain is failing in its efforts to market and promote our
property,  we may consider seeking alternate or supplemental means of marketing.
However,  no  changes  are  pending  or  being  contemplated  at  this  time.


                                        5
<PAGE>

COMPETITION

We  compete with many other lodging providers, including large hotel chains such
as  Marriott,  Radisson,  Holiday Inn, Best Western and Hampton Inns, as well as
vacation  and resort property leasing companies and private individuals who rent
out  their  condo units.  The vacation and resort property leasing companies are
fragmented  and  competitive, with several national companies as well as a large
number  of  smaller  independent  businesses serving local and regional markets.

In  the  vacation  property rental market specifically, we compete with Marriott
Vacation  Club  International-Summit  Watch,  a large national vacation property
provider,  as  well  as  local  competitors such as Park City Condominiums, Deer
Valley  Condominiums,  and Olympic Park Property Management.  We believe that we
rent  our  condo  at  currently  competitive  prices.

Many  of our competitors have greater resources for advertising and marketing on
a  national  and  international  level.  Methods  used by our larger competitors
include  subscribing  to  Internet-based  search engines such as expedia.com and
travelocity.com.  In  addition,  our  larger  competitors may have more contacts
with  travel  agents  in  America  and  abroad and may be able to provide travel
incentives through tour packages or airline frequent flyer programs.  Also, many
of  our  competitors have greater name recognition that may appeal to our target
market.

We  cannot  compete  on  a  national  level  with  large hotel chains and luxury
resorts,  however, we believe we can compete on a local and regional level.  Our
greatest potential for growth lies in developing a market for off-season rentals
to  guests  from  Salt  Lake City who are looking for a weekend mountain getaway
during  the  summer  months.  Therefore,  we  intend  to  continue  focusing  on
developing  local  and  regional  demand  for  our  condo  through word of mouth
referrals  and  through our existing relationships with High Mountain Properties
and  local  travel  agents  and  reservation  desks.  We  regard  word  of mouth
referrals  and  regional  recognition  as  being  essential  to  our  long-range
competitive  posture and believe that this will enable us compete favorably with
our  larger  competitors.

We  believe  we  can  compete  favorably in this arena due to the quality of our
condo  unit,  its  proximity  to  the  Main  Street area and the surrounding ski
resorts,  and  because  of  the  size,  contacts, and experience of our property
manager,  High  Mountain  Properties.

EMPLOYEES

We  have no employees.  We rely on the efforts of our sole executive officer and
director,  Robert  Karz,  to  conduct  our business.  Mr. Karz currently devotes
approximately  10 hours per week to managing and developing our business.  We do
not  anticipate  hiring  anyone  else.  Mr.  Karz does not receive any salary or
other  compensation and we do not plan on providing compensation at any point in
the  foreseeable  future.

ITEM  2.  DESCRIPTION  OF  PROPERTY

We  own  one property: a single unit in the Gambler Condominiums located in Park
City,  Utah.  Our  condo  is approximately .6 mile from the Park City ski resort
and  .9  mile from Deer Valley.  Our unit is less than 2 miles from The Canyons,
Summit  County's  third  major  ski  resort.  Our unit is a two story, five-room
condo  containing  approximately  1500  square feet.  It has two bedrooms, three
full  bathrooms, full kitchen and sitting room.  Amenities include a jetted tub,
fireplace,  washer/dryer,  cable  TV/VCR/Stereo  and  a  central  hot  tub.  The
exterior  features  a  deck,  patio  and  porch  with  wood/stone  construction.


                                        6
<PAGE>

The  Gambler  unit  is  rented  through  High  Mountain Properties, our property
management agency in Park City.  The rates range from approximately $175 to $430
per  night,  depending  on the season and the length of the stay.  High Mountain
reserves  the  right  to  adjust these rates at any time.  The average occupancy
rate  for  units in the Gambler Condominium complex over the past two years have
been  approximately  15  nights  per  month  from December through February with
rentals  decreasing  in  April  through  summer.

We  acquired  this  property  in  June  of 2000 from two of our shareholders for
200,000 shares of Shoreside common stock. In connection with the acquisition, we
assumed  a  note payable having a balance of $121,864 at the time of assumption,
plus  $183  in property taxes, with the underlying 30-year note carrying monthly
payments  of  $837.  In  June  of  2002,  one  of  our shareholders, Joe Thomas,
refinanced  the  condominium  to  secure a lower interest rate.  Mr. Thomas then
assigned  the  loan  to Shoreside who assumed full liability.  The new loan is a
libor adjustable rate mortgage.  The principal is $121,000 and the interest rate
is  fixed at 6.375% through July of 2007, changing to an adjustable rate for the
remaining  25  years of the loan.  The maximum interest is capped at 12.375% and
the  minimum interest possible is 2.25%.  The loan is secured by the condominium
and  the amortization term is 30 years, maturing on July 1, 2032.  The principal
maturities  over  the  next  five  years from 2003 to 2007 and after are $1,422,
$1,515,  $1,615,  $1,721  and  $114,161  respectively.

We  utilize office space at 3191 South Valley Street, Suite 201, Salt Lake City,
Utah  84109.  The  space  is  provided  free  of charge by Robert Karz, our sole
officer  and  director.  He  has  agreed  to continue to provide these amenities
until  the  demands of our business require separate facilities.  We believe our
use  of these facilities is of nominal value since our current operations do not
require  independent  facilities,  equipment  or  staff.

ITEM  3.  LEGAL  PROCEEDINGS

Management  is  not  aware  of  any  other  current or pending legal proceedings
involving  Shoreside  Investments  or  our  officers  and  directors.

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

No  matters  were  submitted  to  a  vote  of security holders during the period
covered  by  this  report.


                                     PART II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

There is currently no public market for our common stock.  We are in the process
of  submitting  an  SB-2 Registration Statement with the Securities and Exchange
Commission.  If  our  Registration should become effective, we would be eligible
to  apply  for  a  quotation on the Over the Counter Bulletin Board.  Should our
stock  be  quoted on the Bulletin Board, we would be required to comply with the
disclosure  policies of the exchange in addition to the disclosure and reporting
requirements  of  the  SEC.

As  of  December  31,  2002,  there were approximately 32 shareholders of record
holding  1,200,000  shares  of  common  stock.  The  holders of common stock are
entitled to one vote for each share held of record on all matters submitted to a
vote  of  stockholders.  There are no outstanding options, warrants to purchase,
or  securities  convertible  into  shares  of  our  common  stock.

We  have never declared or paid any cash dividends on our common stock.  For the
foreseeable  future,  we  intend to retain any earnings to finance the operation
and  expansion of our business, and we do not anticipate declaring or paying any


                                        7
<PAGE>

dividends  on our common stock. Dividends are declared at the sole discretion of
our  Board of Directors. In addition, our ability to pay dividends is subject to
limitations  imposed  by Utah law. Under Utah law, dividends may only be paid to
the  extent that a corporation's assets exceed its liabilities and it is able to
pay  its  debts  as  they  become  due  in  the  usual  course  of  business.

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

This section should be read in conjunction with the audited financial statements
included  in  this  report.

RESULTS  OF  OPERATIONS  YEARS  ENDED  DECEMBER  31,  2002  AND  2001

Since  implementing  our  current  business  plan  in  October of 1999, we have:

     -    Organized  operations  and  raised  capital;
     -    Appointed  a  new  president  and  sole  director,  Mr.  Robert  Karz;
     -    Acquired  one  rental property; the Gambler Condominium Unit 4 in Park
          City;
     -    Divested  ourselves  of  a  vacant  lot  that did not generate income;
     -    Contracted with a property management service to rent our condominium;
     -    Generated  revenue  during  the  last  two  years.

Gross  revenues  for  the  year  ended  December 31, 2002 were $18,731.  Nightly
rentals  accounted  for  $15,291  or 82% of revenue and block rentals at monthly
rates accounted for $3,440 or 18%.  By comparison, we had net revenues of $7,001
from  nightly  rentals during the year ended December 31, 2001.  We did not have
any  monthly  rentals during 2001.  As a result, revenue increased by $11,730 in
2002.

Increased  rental  income  for 2002 is primarily the result of two factors.  The
first  factor  relates  to  a  change  in  accounting  relating  to our property
management  agreement  with High Mountain Properties.  Under the agreement, High
Mountain  pays us 60% of gross nightly rentals and 75% of gross monthly rentals.
In  2001, we reported $7,001 in net rental revenue.  This figure represented our
income  of  60%  of gross nightly rentals after High Mountain had retained their
management  fee.  In  2002  we  began  reporting  100% of gross rental income as
revenue  and recording High Mountain's 40% management fee as a property expense.
As a result, our revenues and our property expenses both increased in 2002.  Had
we  reported  adjusted  gross  rentals in 2001, our estimated revenue would have
been approximately $11,670 with High Mountain Properties retaining approximately
$4,670  or  40%  leaving  our  declared  net income of $7,001 or 60% of $11,670.

Another  factor  leading to increased revenue in 2002 relates to the 2002 Winter
Olympics.  Our  management company raised the rental for all of their properties
by  25%  during  the  month  of February to take advantage of demand for lodging
during  the 2002 Winter Olympiad.  As a result, although we had fewer rentals in
February  2002 than in February of 2001, we generated substantially more income.
Total nightly rentals for our condo were 49 days during 2002 compared to 79 days
during  2001,  however,  the average nightly rate was approximately $312 in 2002
versus  approximately  $148  in 2001.  We also had rentals at monthly rates that
generated  an  additional $3,440 in 2002 compared to no monthly rentals in 2001.

A summary table of nightly rental occupancy for our condominium during the years
ended  December  31,  2002  and  December  31,  2001  is  provided  below:


                                        8
<PAGE>

<TABLE>
<CAPTION>

                                                 Year ended          Year ended
                                             December 31, 2001    December 31, 2002
<S>                                         <C>                  <C>

January . . . . . . . . . . . . . . . . . .                  18                  14
February. . . . . . . . . . . . . . . . . .                  19                  16
March . . . . . . . . . . . . . . . . . . .                  18                  10
April . . . . . . . . . . . . . . . . . . .                   6                   0
August. . . . . . . . . . . . . . . . . . .                   6                   0
December. . . . . . . . . . . . . . . . . .                  12                   9

Total Nightly Rentals:. . . . . . . . . . .                  79               49 (1)

Gross Revenue Generated by Nightly Rentals:  $           11,670   $       15,291 (1)

Average Revenue per Night:. . . . . . . . .  $              148   $          312 (1)
</TABLE>

     (1)  Does  not  include  block  rentals  at  monthly  rates.

Expenses  for  the  year  ended  December  31,  2002 were $51,681, consisting of
$19,479  in  general  and administrative costs, $5,180 in depreciation expenses,
$18,375  in property expenses, $8,547 in property interest and $100 in franchise
tax.  Expenses  for  the  fiscal  year  ended  December  31,  2001 were $36,594,
consisting  of  $10,843  in  general  and  administrative  costs,  $5,180  in
depreciation expenses, $7,653 in property expenses, $12,818 in property interest
and  $100  in  franchise  tax.

In  2002  we  began  recording  High  Mountain's  management  fees as a property
expense.  As  a  result,  property  expenses  increased  from  $7,653 in 2001 to
$18,375  in  2002.  However,  we  reduced  our  property  interest expenses from
$12,818  in  2001  to  $8,547  in 2002 by refinancing our condominium in June of
2002.  Depreciation  and  franchise  taxes  remained constant during both years.
During  2002,  we  paid approximately $6,976 in management fees to High Mountain
based  on  gross  nightly and monthly rentals of $18,731.  During the year ended
December  31,  High  Mountain's  management  fees  under  our  agreement totaled
approximately  $4,670  based  on  40% of adjusted gross nightly rental income of
approximately  $11,670.

General  and  administrative  costs increased from $10,843 in 2001 to $19,479 in
2002.  Expenses  in  both  years  derived  from  legal,  accounting  and  other
professional  fees.  Increased  general  and  administrative  expenses  in  2002
reflect  additional  legal fees and auditing costs associated with preparing and
filing an SB-2 Registration Statement and subsequent Amendments beginning in May
of  2002.

As  a result of the foregoing factors, we realized a net loss of $32,950 for the
year  ended  December  31, 2002 compared to a net loss of $29,593 for year ended
December  31,  2001.  Management anticipates that our net losses will eventually
diminish  as  our  condo  rental  operations and marketing strategy becomes more
established.  Management  also  anticipates  that losses resulting from property
interest  will decrease as we continue to pay the note on our condo at the lower
interest  rate,  thereby  reducing  our  property  interest  expense.

CAPITAL  RESOURCES  AND  LIQUIDITY

Total  assets  for  the  year  ended December 31, 2002 were $175,281.  Our condo
continues  to  be  our  most  substantial  asset  with a value of $165,051 after


                                        9
<PAGE>

depreciation.  Other  assets  at  December 31, 2002 consisted of $8,481 in cash,
$1,406 in rents receivable and $343 in prepaid expenses.  Assets at December 31,
2001  were  $174,876  consisting  of $2,093 in cash, $2,083 in rents receivable,
$469  in  prepaid  expenses,  and  $170,231  in  the  value  of  our  condo.

Total current liabilities at December 31, 2002 were $27,790. Current liabilities
consisted  primarily  of  $19,975  in advances from shareholders. These advances
carry no interest and will be paid only after our other debts have been settled.
Other current liabilities consisted of $1,422 in a current note payable, $100 in
franchise  taxes  payable and $6,293 in assorted accrued liabilities. Noncurrent
liabilities  at  December 31, 2002 consisted of the balance of the $119,012 note
payable  on  our  condo.  At  December 31, 2001 current liabilities were $19,509
consisting  mainly  of  $16,305  in  advances  from  shareholders.  Noncurrent
liabilities  at  December  31, 2001 consisted of $116,938 in the note payable on
our  condo.  The  increase  in  non-current liabilities from 2001 to 2002 is the
result of refinancing our condominium whereby our note increased to $121,000 our
interest  was reduced from 6.75% to 6.375%. We also lowered our monthly payments
from  $837  to  $755.

We  estimate  our  continuing  operating  expenses  for  the  coming  year to be
approximately  $40,000.  This is based on estimated property expenses of $30,000
and general and administrative expenses of $10,000.  We anticipate that property
expenses  will  consist  of  note  payments,  taxes, depreciation, insurance and
management  fees.  We  anticipate  that  general  and  administrative costs will
stabilize  at  approximately  $10,000 per year.  Higher than average general and
administrative  expenses  during 2002 were due mainly to legal fees and auditing
costs  incurred  in  preparing  an  SB-2  Registration  Statement.  We  do  not
anticipate  any  similar  expenditures  during  the  next  twelve  months.

Our  business  is  affected  by  a  number  of factors that make it difficult to
project  our  future  revenue.  We believe that results in 2001 and 2002 are not
necessarily reliable indicators of future performance.  This assumption is based
on  the  following  factors:

     -    The  events  of  September  11,  2001  drastically impacted travel and
          tourism  throughout  the  United States. In Utah, skier days decreased
          9.3%,  overall  travel  fell  2.4%  and statewide hotel occupancy fell
          below  60%.  We believe these factors impacted our business during the
          2001-2002  ski  season.  The  2002  Utah State and County Economic and
          Travel  Indicator  Profiles  are  available  at  no  cost  at:
          http://travel.utah.gov/County_Profiles_2002.PDF. The Utah Ski Database
          ------------------------------------------------
          is  available  at  no  cost  at:
          http://governor.utah.gov/dea/publications/usd.pdf.

     -    2002  was  also  unusual  in  that  the Olympics were an extraordinary
          event.  During the two and a half weeks of the Olympics, our occupancy
          was  near  100%.  However,  occupancy fell off substantially after the
          Olympics  ended.  In  addition, many of Summit County's ski facilities
          were  closed  for  significant portions of the 2001-2002 ski season in
          preparation  for  the  Olympics.  We  believe many potential local and
          regional  guests  postponed  visiting  Park  City  due  to  perceived
          inconvenience  and expense associated with the Olympics. We anticipate
          that the publicity surrounding the 2002 Winter Olympics will result in
          a  long-term  increase  in  demand  for  Park City vacation rentals in
          general.  However,  we  cannot  ascertain  when  this  will  occur.

     -    Our  business is dependent on timely and adequate snowfall. Typically,
          the  ski  season  in  Utah  begins in November and extends into March.
          During  the  past  two  ski  seasons,  Utah  did  not have substantial
          snowfall  during  November  and December. As a result, we did not have
          any  nightly  rentals in November of 2002 or 2001 and December rentals
          for  both  years  were lower than rentals in January through March. We
          anticipate  that  snowfall will eventually return to historical levels
          and  early  season  vacation  rentals will rebound. However, we cannot
          predict  when  this will occur or what the impact on our business will
          be.


                                       10
<PAGE>

Our  auditors have expressed substantial doubt regarding our ability to continue
as  a  growing  concern due to our history of losses, limited income and lack of
operating  capital.  To  meet  our  expected  needs  for the coming year we will
either  have to increase occupancy or increase our average nightly rates.  Based
on the average nightly rate of $148 in 2001, we would have to rent our condo for
270  nights  to  generate $40,000.  Based on the average nightly rate of $312 in
2002,  we  would  have to rent our condo for 128 nights to generate $40,000.  In
the  coming  year,  we anticipate that our rates will fall somewhere between the
2001  and  2002  amounts and stabilize at approximately $225 per night.  This is
based on the average nightly revenue for similar units in High Mountain's rental
pool.  At that rate, we will have to rent our condo for approximately 178 nights
to  meet our liquidity needs.  This is unlikely as that would be more than twice
our  previous  high  occupancy  of  79  in 2001.  Unless ski tourism rebounds to
historic  levels,  based on average revenues over the past two seasons, we could
reasonably  expect  to  generate  approximately  $15,000.  If  this  estimate is
accurate,  we  will  have  to  generate  an  additional  $25,000  to  cover  our
anticipated  cash  needs.

In  the  past we have relied on advances and capital contributions from officers
and  shareholders  to  fund  our  operations. During the year ended December 31,
2002, we received capital contributions totaling $23,000 from our president, Rob
Karz,  and  our  former  president,  Harvey Carmichael.  Mr. Karz and one of our
shareholders,  Mr.  Joe Thomas also advanced $3,670 to Shoreside during the same
period.  Through December 31, 2002, advances from officers and shareholders have
totaled  $19,975  and  capital contributions from officers and shareholders have
totaled  $56,974.  The  advances are interest free and will only be repaid after
our other debts have been settled.  The capital contributions carry no terms for
repayment.  We  expect  to  receive  sufficient  contributions  and  advances to
continue operations for the next twelve months, however, there are no agreements
or  understandings to that effect.  If we require additional capital we may sell
common  stock  or  explore  other  debt  financing  options.

Our  current  operating  plan is to continue renting our condominium and seeking
new markets, to pay down our debts, and to continue complying with our reporting
requirements  as  a public company.  Management believes that we have sufficient
cash  on  hand  and  expected  rents  receivable  to  meet  our immediate needs.
However,  we  will require additional funding to continue operations through the
next  twelve  months.

ITEM  7.  FINANCIAL  STATEMENTS

The  financial  statements  of  the  Company  appear  at  the end of this report
beginning  with  the  Index  to  Financial  Statements  on  page  12.

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.

Our  business  is  managed  by  our  sole officer and director, Mr. Robert Karz.
Directors  are  elected  annually  by  the  shareholders.  Our director does not
presently  receive any salary, fees or other remuneration for his services other
than  reimbursement for expenses associated with attending meetings of the board
of  directors.  The  board  of  directors  appoints  our  officers.


                                       11
<PAGE>

The  following  table  sets forth the name, age, position and office term of our
executive  officer  and  sole  director:

<TABLE>
<CAPTION>

NAME         AGE         POSITION             SINCE
-----------  ---  -----------------------  ------------
<S>          <C>  <C>                      <C>

Robert Karz   43  President and Director,  August, 2002
                  Secretary/Treasurer
</TABLE>

Set  forth  below  is  a  brief  biography  of  Mr.  Karz

ROBERT  KARZ,  DIRECTOR,  PRESIDENT,  SECRETARY/TREASURER.  Mr.  Karz  has  been
president  and  co-founder of Intermountain Mortgage Company, Inc. in Park City,
Utah  since 1992.  Intermountain Mortgage is a Park City, Utah based residential
lending  company  with  offices  located  throughout Utah.  His responsibilities
include  supervising  loan  production and underwriting and overseeing secondary
marketing  and  quality  control.  Prior to founding Intermountain Mortgage, Mr.
Karz  worked  as  a loan originator and realtor.  Mr. Karz received a bachelor's
degree  in Political Science and English from Gettysburg College in Pennsylvania
in  1981.

OTHER  REPORTING  COMPANY ACTIVITIES:  Mr. Karz is not an officer or director of
any other reporting companies.  Mr. Karz owns 250,000 shares of Paradise Resorts
and  Rentals,  Inc.,  constituting  12.5%  of  its  outstanding  common  shares.
Paradise  filed  a  registration  statement  on  Form  SB-2  with the Securities
Exchange  Commission in September of 2000, however, the registration has not yet
become  effective.  Should Paradise become effective, it would be subject to the
reporting  requirements  of  Section  13  of  the Securities and Exchange Act of
1934.Mr.  Karz  would  then  be  considered  an  affiliate  by share holdings of
Paradise  due  to his ownership of more than 10% of Paradise stock.  Mr. Karz is
not  an  officer  or  director of Paradise and has no relationship with Paradise
other  than  his  interest  as  an  investor.

Paradise  Resorts also rents condominiums in Utah.  Paradise presently rents one
unit  that  was acquired from its president, Mr. Kirby Stephens, in exchange for
250,000  shares  of  Paradise  common  stock.  One  of our shareholders, Mr. Joe
Thomas  has  provided accounting services to Paradise and owns 250,000 shares or
12.5%  of  Paradise  common  stock.  Mr. Thomas is not an officer or director of
Paradise and has not received any salary or other remuneration for his services.
No  other  relationships  exist  or are being contemplated between Shoreside and
Paradise.

ITEM  10.  EXECUTIVE  COMPENSATION

We  do  not  have  any  employment contracts or remuneration agreements with our
president  and sole director. We have not paid our officers and directors in the
past  and  do  not  anticipate  providing  any  salary  or  remuneration for the
foreseeable future.  We have not established any pensions, stock options, profit
sharing  or  insurance  programs  for  the  benefit  of  our  employees.


                                       12
<PAGE>

<TABLE>
<CAPTION>

                           SUMMARY COMPENSATION TABLE

                                                             OTHER ANNUAL
NAME AND PRINCIPAL POSITION     YEAR  SALARY ($)  BONUS ($)  COMPENSATION
<S>                             <C>   <C>         <C>        <C>
Rob Karz . . . . . . . . . . .  2002         -0-        -0-           -0-
  President and Sole Director,
  August 2002 to Present

Harvey Carmichael. . . . . . .  2002         -0-        -0-           -0-
  Former President and Sole. .  2001         -0-        -0-           -0-
  Director . . . . . . . . . .  2000         -0-        -0-           -0-
</TABLE>

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

The  following  table  sets  forth  as  of  December  31,  2002,  the  name  and
shareholdings  of  each  person known to us that either directly or beneficially
holds  more  than  5%  of  our 1,200,000 issued and outstanding shares of common
stock, par value $.001.  The table also lists the name and shareholdings of each
director  and  of  all  officers  and directors as a group.  Except as otherwise
indicated, the persons named in the table have sole voting and dispositive power
with  respect  to  all  shares beneficially owned, subject to community property
laws  where  applicable.

<TABLE>
<CAPTION>

NAME & ADDRESS                  NUMBER OF       PERCENTAGE OF   PERCENTAGE OF
                                  SHARES        SHARES BEFORE    SHARES AFTER
                            BENEFICIALLY OWNED     OFFERING        OFFERING
<S>                         <C>                 <C>             <C>

Joe Thomas . . . . . . . .             327,500          27.29%          27.29%
4580 S. Thousand Oaks Dr.
Salt Lake City, UT 84124

Robert Karz (1). . . . . .             272,500          22.71%          22.71%
143 West Mountaintop Dr.
Park City, UT 84060

All directors and. . . . .             272,500          22.71%          22.71%
executive officers as a
group (1 person)
</TABLE>

 (1)  Officer  and  director.

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.

Robert  Karz,  our  president  and sole director provides our office space at no
charge.  We  believe the use of this office space is of nominal value as we have
no employees and our current operations do not require facilities to accommodate
any  staff  or  specialized  equipment  or  supplies.

On  August  9, 2002, Harvey Carmichael resigned as President and Director of the
Company.  Upon Mr. Carmichael's resignation, Mr. Robert M. Karz was appointed to
the  Company's Board of Directors as President, Secretary and Financial Officer.
Pursuant  to his resignation, Mr. Carmichael sold his entire interest of 275,000
shares  of  Shoreside  common  stock.  The  securities  were  sold  in a private
transaction,  without  registration  in  reliance  on  the exemption provided by
Section  4(2)  of  the Securities Act.  The investors had access to all material
information  pertaining to Shoreside and its financial condition.  No broker was
involved  and  no  commissions  were  paid  in  the  transaction.

During  2002  our  president,  Rob Karz, and one of our stockholders, Joe Thomas
advanced  $3,670  to Shoreside to help pay operating expenses.  During 2001, Mr.


                                       13
<PAGE>

Karz and Mr. Thomas advanced $9,100 to Shoreside to help pay operating expenses.
These  advances  are non-interest bearing and will be repaid only when our other
debts  are  settled.

Our  president,  Mr. Robert Karz and our former president, Mr. Harvey Carmichael
have  contributed  capital to fund our operations during the past two years.  In
2002,  Mr. Karz contributed $11,000 and Mr. Carmichael contributed $12,000.  Mr.
Carmichael  also  contributed  $13,500  in 2001 and $5,000 in 1999.  The capital
contributions  carry  no  terms  for  repayment.

Our president, Rob Karz, and one of our shareholders, Joe Thomas are co-founders
of  Intermountain  Mortgage Company, a residential lending company based in Park
City,  Utah  with offices located throughout Utah.  In June of 2002, Joe Thomas,
refinanced  our  condo  through  Intermountain Mortgage Company and assigned the
loan  to  Shoreside  who assumed full liability.  Intermountain Mortgage Company
holds  the  note  on  our  condo.

Our  former president and sole director, Harvey Carmichael, is a former employee
of  Intermountain  Mortgage  Company.

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

REPORTS  ON  FORM  8-K:

No  reports  on  Form 8-K were filed by Shoreside during the last quarter of the
period  covered  by  this  report

<TABLE>
<CAPTION>

EXHIBITS:

EXHIBIT NUMBER  TITLE                                                 LOCATION
<C>             <S>                                                   <C>

          99.1  Certification of Chief Executive Officer and Chief .  Attached
                 Financial Officer pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002

          99.2  Shoreside Investments, Inc. Corporate Code of Ethics  Attached
</TABLE>

ITEM  14.  CONTROLS  AND  PROCEDURES

Within  the  90-day  period  prior  to the date of this report, we evaluated the
effectiveness  and  operation of our disclosure controls and procedures pursuant
to  Rule  13a-14  of  the  Securities  Exchange  Act  of  1934.  Based  on  that
evaluation,  our  Chief  Executive  Officer  and  Chief  Financial  Officer have
concluded that our disclosure controls and procedures are effective.  There have
been  no  significant  changes  in internal controls or other factors that could
significantly affect internal controls subsequent to the date we carried out our
evaluation.  To  help  ensure  the  effectiveness of our disclosure controls and
procedures,  we have recently adopted a Code of Ethics and Business Conduct that
is  attached  as  an  exhibit  to  this  report.


                                       14
<PAGE>

                                   SIGNATURES

In  accordance  with  Section  13  or  15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                   SHORESIDE  INVESTMENTS,  INC.



Date:  April  3,  2003             /s/Robert  M.  Karz
                                   -------------------------
                                   Robert  M.  Karz
                                   Chief  Executive  Officer
                                   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 on the
dates  indicated.




Date:  April  3,  2003             /s/Robert  M.  Karz
                                   ---------------------
                                   Robert  M.  Karz
                                   Director


                                       15
<PAGE>

          CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I,  Robert  M.  Karz, the Chief Executive Officer and Chief Financial Officer of
Shoreside  Investments,  Inc.  (the  "Company"),  certify  that:

1.  I  have  reviewed  this  annual  report  on  Form  10-KSB  of  the  Company;

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.  I  am  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.  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  function):

     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.  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.


April  3,  2003                    /s/Robert  M.  Karz
                                   -------------------------
                                   Robert  M.  Karz
                                   Chief  Executive  Officer
                                   Chief  Financial  Officer


                                       16
<PAGE>

<TABLE>
<CAPTION>

        SHORESIDE  INVESTMENTS,  INC.
      (A  Development  Stage  Company)


                   CONTENTS


                                       PAGE

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

Balance Sheets. . . . . . . . . .         2

Statements of Operations. . . . .         3

Statement of Stockholders' Equity         4

Statements of Cash Flows. . . . .         5

Notes to Financial Statements . .         6
</TABLE>

                                       17
<PAGE>

Independent  Auditor's  Report
------------------------------


Board  of  Directors
SHORESIDE  INVESTMENTS,  INC.


I have audited the accompanying balance sheets of Shoreside Investments, Inc. (A
development  stage  company)  as  of December 31, 2002, and 2001 and the related
statements  of  operations,  stockholders'  equity  and cash flows for the years
ended  December  31,  2002,  and  2001, and from inception (February 8, 1995) to
December  31,  2002.  These  financial  statements are the responsibility of the
Company's  management.  My  responsibility  is  to  express  an  opinion  on the
financial  statements  based  on  my  audits.

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

In my opinion, the financial statements referred to above present fairly, in all
material  respects,  the  financial  position  of Shoreside Investments, Inc. (A
development  stage  company) as of   December 31, 2002 and 2001, and the results
of  its  operations and its cash flows for the years ended December 31, 2002 and
2001,  and  from Inception (February 8, 1995) to December 31, 2002 in conformity
with  accounting  principles generally accepted in the United States of America.

As  discussed  on  Notes  1 and 5, the Company has been in the development stage
since  its  inception  on  February  8,  1995. The Company has limited operating
capital  with  current  liabilities exceeding current assets by $17,560, and has
limited  operations.  Realization  of a major portion of the assets is dependent
upon  the  Company's  ability to meet its future financing requirements, and the
success  of  future  operations. These factors raise substantial doubt about the
Company's  ability  to  continue  as  a  going  concern.



Salt  Lake  City,  Utah
March  24,  2003


                                       18
<PAGE>

<TABLE>
<CAPTION>


                                SHORESIDE INVESTMENTS, INC.
                               (A DEVELOPMENT STAGE COMPANY)

                                      BALANCE SHEETS

                                          ASSETS


                                                             December 31,    December 31,
                                                                 2002            2001
                                                            --------------  --------------
<S>                                                         <C>             <C>
CURRENT ASSETS:
     Cash. . . . . . . . . . . . . . . . . . . . . . . . .  $       8,481   $       2,093
     Rent receivable . . . . . . . . . . . . . . . . . . .          1,406           2,083
     Prepaid expenses. . . . . . . . . . . . . . . . . . .            343             469
                                                            --------------  --------------

             Total Current Assets. . . . . . . . . . . . .         10,230           4,645
                                                            --------------  --------------

PROPERTY
     Condominium, less depreciation of $12,949 and $7,769.        165,051         170,231
                                                            --------------  --------------

            Total Property . . . . . . . . . . . . . . . .        165,051         170,231
                                                            --------------  --------------

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . .  $     175,281   $     174,876
                                                            ==============  ==============


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable. . . . . . . . . . . . . . . . . . .  $           -   $           -
     Franchise taxes payable . . . . . . . . . . . . . . .            100             100
     Advances from stockholders. . . . . . . . . . . . . .         19,975          16,305
     Other accrued liabilities . . . . . . . . . . . . . .          6,293           1,034
     Notes payable - current portion . . . . . . . . . . .          1,422           2,070
                                                            --------------  --------------

             Total Current Liabilities . . . . . . . . . .         27,790          19,509
                                                            --------------  --------------

NONCURRENT LIABILITIES
     Notes payable - less current portion. . . . . . . . .        119,012         116,938
                                                            --------------  --------------

STOCKHOLDERS' EQUITY (DEFICIT):
     Common stock, $.001 par value; 50,000,000 shares
         authorized; 1,200,000, and 1,200,000 shares
         issued and outstanding respectively . . . . . . .          1,200           1,200
     Additional paid-in capital. . . . . . . . . . . . . .        116,147          93,147
     Deficit accumulated during the development stage. . .        (88,868)        (55,918)
                                                            --------------  --------------

          Total Stockholders' Equity (Deficit) . . . . . .         28,479          38,429
                                                            --------------  --------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . . . .  $     175,281   $     174,876
                                                            ==============  ==============
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                       19
<PAGE>

<TABLE>
<CAPTION>


                           SHORESIDE INVESTMENTS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF OPERATIONS


                                     For The         For The       Cumulative
                                    Year Ended      Year Ended     During The
                                   December 31,    December 31,    Development
                                       2002            2001           Stage
                                  --------------  --------------  -------------
<S>                               <C>             <C>             <C>
REVENUE
     Rent income . . . . . . . .  $      18,731   $       7,001   $     25,732
                                  --------------  --------------  -------------

EXPENSES:
     General and administrative.         19,479          10,843         42,015
     Depreciation expense. . . .          5,180           5,180         12,949
     Property expenses . . . . .         18,375           7,653         30,869
     Property interest . . . . .          8,547          12,818         27,773
     Franchise tax expense . . .            100             100            994
                                  --------------  --------------  -------------

          Total Expenses . . . .         51,681          36,594        114,600
                                  --------------  --------------  -------------

NET (LOSS) BEFORE TAXES. . . . .        (32,950)        (29,593)       (88,868)

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

NET (LOSS) . . . . . . . . . . .  $     (32,950)  $     (29,593)  $    (88,868)
                                  ==============  ==============  =============

EARNINGS (LOSS) PER SHARE. . . .  $       (0.03)  $       (0.02)  $      (0.08)
                                  ==============  ==============  =============

WEIGHTED AVERAGE SHARES
OUTSTANDING. . . . . . . . . . .      1,200,000       1,239,583      1,068,012
                                  ==============  ==============  =============
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                       20
<PAGE>

<TABLE>
<CAPTION>


                                              SHORESIDE INVESTMENTS, INC.
                                             (A DEVELOPMENT STAGE COMPANY)
                                           STATEMENT OF STOCKHOLDERS' EQUITY

                                                                                                     Deficit
                                                                                                   Accumulated
                                                                                       Additional  During The
                                                                    Capital Stock       Paid-in    Development
                                                                 --------------------
                                                                   Shares     Amount    Capital       Stage     Total
                                                                 ----------  --------  ----------  -----------  ----------
<S>                                                              <C>         <C>       <C>         <C>           <C>
                                                                         -   $     -   $      -    $      -      $      -
BALANCE, February 8, 1995 (Inception)

Shares issued to individual for cash at $.001
     per share, April 1995. . . . . . . . . . . . . . . . . . .    275,000       275          -           -           275
Stock issued to various individuals at $.005
     per share, July 1995 . . . . . . . . . . . . . . . . . . .    725,000       725      2,900           -         3,625
Net income (loss) from inception to December 31, 1995 . . . . .          -         -          -      (4,056)       (4,056)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 1995. . . . . . . . . . . . . . . . . . .  1,000,000     1,000      2,900      (4,056)         (156)

Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -        (148)         (148)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31,1996 . . . . . . . . . . . . . . . . . . .  1,000,000     1,000      2,900      (4,204)         (304)

Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -        (120)         (120)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 1997. . . . . . . . . . . . . . . . . . .  1,000,000     1,000      2,900      (4,324)         (424)

Capital contributed by officer and stockholder. . . . . . . . .          -         -        474           -           474
Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -        (170)         (170)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 1998. . . . . . . . . . . . . . . . . . .  1,000,000     1,000      3,374      (4,494)         (120)

Capital contributed by offer and stockholder. . . . . . . . . .          -         -      5,000           -         5,000
Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -        (607)         (607)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 1999. . . . . . . . . . . . . . . . . . .  1,000,000     1,000      8,374      (5,101)        4,273
Shares issued for the net value of a condominium at an
     approximate price per share of $.282, June 2000. . . . . .    200,000       200     56,119           -        56,319
Shares issued for the net value of a building lot at an
     approximate price per share of $.425, June 2000. . . . . .     50,000        50     21,211           -        21,261
Capital contributed by officer and stockholder during the year.          -         -     15,000           -        15,000
Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -     (21,224)      (21,224)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 2000. . . . . . . . . . . . . . . . . . .  1,250,000     1,250    100,704     (26,325)       75,629

Stockholder shares returned and cancelled in exchange
     for net value of a building lot, October 2001. . . . . . .    (50,000)      (50)   (21,057)          -       (21,107)
Capital contributed by officer and stockholder during the year.          -         -     13,500           -        13,500
Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -     (29,593)      (29,593)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 2001. . . . . . . . . . . . . . . . . . .  1,200,000     1,200     93,147     (55,918)       38,429

Capital contributed by officer and stockholder during the year.          -         -     23,000           -        23,000
Net income (loss) for the year. . . . . . . . . . . . . . . . .          -         -          -     (32,950)      (32,950)
                                                                 ----------  --------  ----------  -----------  ----------

BALANCE, December 31, 2002. . . . . . . . . . . . . . . . . . .  1,200,000   $ 1,200   $116,147    $(88,868)     $ 28,479
                                                                 ==========  ========  ==========  ===========  ==========
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                       21
<PAGE>

<TABLE>
<CAPTION>


                                      SHORESIDE INVESTMENTS, INC.
                                     (A DEVELOPMENT STAGE COMPANY)
                                        STATEMENTS OF CASH FLOWS

                                                            For The         For The        Cumulative
                                                           Year Ended      Year Ended      During The
                                                           December 31,    December 31,    Development
                                                               2002            2001           Stage
                                                          --------------  --------------  -------------
<S>                                                       <C>             <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
     Net loss. . . . . . . . . . . . . . . . . . . . . .  $     (32,950)  $     (29,593)  $    (88,868)
     Adjustments to reconcile net loss to
     net cash used in operating activities:
          Depreciation . . . . . . . . . . . . . . . . .          5,180           5,180         12,949
          Taxes reduced on disposal of building lot. . .              -           1,254          6,533
          Changes in assets and liabilities
               Rent receivable . . . . . . . . . . . . .            677          (2,083)        (1,406)
               Prepaid expenses. . . . . . . . . . . . .            126            (135)          (343)
               Accounts payable. . . . . . . . . . . . .              -            (497)             -
               Franchise tax payable . . . . . . . . . .              -               -            100
               Other accrued liabilities . . . . . . . .          5,259           1,034          6,293
                                                          --------------  --------------  -------------

             Net cash used in operating activities . . .        (21,708)        (24,840)       (64,742)
                                                          --------------  --------------  -------------

CASH FLOWS FROM INVESTING ACTIVITIES:. . . . . . . . . .              -               -              -
                                                          --------------  --------------  -------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Sale of common stock. . . . . . . . . . . . . . . .              -               -          3,900
     Officer or stockholder's payments (advances). . . .          3,670           9,100         19,975
     Refinance real property . . . . . . . . . . . . . .          2,496               -          2,496
     Notes payments. . . . . . . . . . . . . . . . . . .         (1,070)         (2,730)       (10,122)
     Capital contributed by stockholder. . . . . . . . .         23,000          13,500         56,974
                                                          --------------  --------------  -------------

             Net cash provided by financing activities .         28,096          19,870         73,223
                                                          --------------  --------------  -------------

NET INCREASE (DECREASE) IN CASH. . . . . . . . . . . . .          6,388          (4,970)         8,481

CASH AT BEGINNING PERIOD . . . . . . . . . . . . . . . .          2,093           7,063              -
                                                          --------------  --------------  -------------

CASH AT END OF PERIOD. . . . . . . . . . . . . . . . . .  $       8,481   $       2,093   $      8,481
                                                          ==============  ==============  =============

SUPPLEMENTAL CASH FLOW INFORMATION:
     Interest expense. . . . . . . . . . . . . . . . . .  $       8,547   $      12,818   $     19,226
                                                          ==============  ==============  =============

     Income taxes. . . . . . . . . . . . . . . . . . . .  $           -   $           -   $          -
                                                          ==============  ==============  =============

SUPPLEMENTAL NONCASH TRANSACTIONS
     Common stock issued (canceled) to acquire or
          dispose of property net of property taxes. . .  $           -   $     (70,167)  $    180,158
                                                          ==============  ==============  =============

     Assumption (reduction) of debt associated with the
          property acquisition or disposal . . . . . . .  $           -   $     (49,061)  $    123,839
                                                          ==============  ==============  =============
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                       22
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     Organization  -  Shoreside  Investments,  Inc.  (the Company) was organized
     -----------
     under  the  laws  of  the State of Utah on February 8, 1995 as Sun Seekers,
     Corp.  and  elected  a  fiscal  year  end of December 31st. The Company was
     formed  for the purpose of owning and operating tanning salons. The tanning
     salon  business  was  never  commenced  and  the  Company was dormant until
     February  1996. The Company changed its name to Shoreside Investments, Inc.
     on  February 2, 1996 and decided to become a marketing company. The Company
     ran  its  marketing business until February 1997 with very little activity.
     From that date until October 1999, the Company was dormant. During November
     1999,  the Company was capitalized by a $5,000 cash contribution. The money
     was  used  to pay expenses and to provide operating capital. The Company is
     currently  in  the  resort  condominium rental and management business. The
     Company has commenced planned principle operations but has not yet produced
     significant  revenue  and  is  raising  capital  and  is  thus considered a
     development  stage  company as defined in SFAS No. 7. All of its revenue in
     2002  was  from  rental fees from a condominium located in Park City, Utah.

     Net  Earnings  Per Share  -  The computation of net income (loss) per share
     ------------------------
     of  common  stock  is  based  on  the  weighted  average  number  of shares
     outstanding  during  the  period  presented.

     Income  Taxes  -  Due to losses at December 31, 2002 and 2001, no provision
     -------------
     for  income  taxes  has  been  made.  There  are  no  deferred income taxes
     resulting  from  income  and  expense  items  being  reported for financial
     accounting  and  tax  reporting  purposes  in  different  periods.

     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.

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

     Depreciation  -  The  cost  of the condominium will be depreciated over its
     ------------
     estimated  useful  life. Depreciation will be computed on the straight-line
     method  over  a life of 27.5 years for financial reporting purposes and for
     income  tax  purposes.

     Reclassification  -  Prior  to 2002, the Company reported rental income net
     ----------------
     of  the  management  fee  and  other  costs  paid to the outside management
     company.  For  2002 and in the future, the Company will report gross rental
     income  and  show  the  management  fee and other bill costs as an expense.

NOTE   2  -  EQUITY  TRANSACTIONS

     The  Company  during  April  1995  issued 275,000 of $.001 par value common
     stock  to  an  individual  for  $275  in  cash.  Also,  during July certain
     individuals were sold 725,000 shares of common stock at $.005 per share for
     $3,625.  During  1997, 1999 and from July 2000 through December 2000, $474,
     $5,000  and  $15,000  respectively,  was  contributed to the Company to pay
     certain  expenses relating to State taxes and to provide operating capital.


                                       23
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  2  -  EQUITY  TRANSACTIONS  -  CONTINUTED

     The  Company  during June 2000 issued 200,000 shares of common stock to two
     stockholders  for  a  condominium.  At  the  time of the acquisition of the
     condominium its cost was recorded at a cost not greater than the historical
     cost  to  the stockholders' of $178,000. At the same time, the Company also
     assumed  a  note  payable  with  a  balance of $121,864 associated with the
     financing  of  the original purchase of the condominium and a net amount of
     $183  for property taxes in reserve and accrued. Thus, the net value of the
     asset  acquired  was  $56,319  or  an approximate price per share of $.282.

     The  Company  also during June 2000 issued 50,000 shares of common stock to
     stockholders  for  a  building  lot.  At the time of the acquisition of the
     building  lot  its  cost  was  recorded  at  a  cost  not  greater than the
     historical  cost  to  the  stockholder  of  $76,700.  At the same time, the
     Company  also  assumed  a note payable with a balance of $51,036 associated
     with  the  financing  of  the  original purchase of the building lot and an
     amount  of  $4,403  for  accrued property taxes. Thus, the net value of the
     asset  acquired  was  $21,261  or  an approximate price per share of $.425.

     During  October  2001,  the  Company  decided to divest its interest in the
     building  lot  it acquired in June 2000 and which is explained in the above
     paragraph. The Company exchanged the building lot net of taxes owed and the
     associated  debt  related  to  the  building  lot  for 50,000 shares of the
     Company  stock.  The  shares  were  subsequently  cancelled.

NOTE  3  -  RELATED  PARTY  TRANSACTIONS

     An  officer/stockholder  is providing free office space to the Company; the
     free  rent  has been determined to have only nominal value. The Company has
     no  employees.  As  of  December 31, 2002 and 2001 no compensation has been
     paid  or accrued to any officers or directors of the Corporation due to the
     fact  that  it  is  of  only  nominal  value.

     Certain  stockholders  have  advanced money to the Company to pay operating
     expenses.  The  advances  will  be repaid when the Company is able to do so
     subject  to future operations and cash flow requirements. Also, new and old
     officers  of  the  Company  during  the  year  ended  December  31,  2002,
     contributed  $23,000  to  the  Company  as  additional  paid-in  capital.

NOTE  4  -  INCOME  TAXES

     At  December 31, 2002 and 2001 the Company had net federal operating losses
     (NOL)  of  $88,868  and  $55,918  which  can  be  carried forward to offset
     operating income. The NOL's will expire between the years of 2010 and 2022.
     Valuation  allowances  of  $18,465  and  $9,980  have  been established for
     deferred  tax assets associated with the above NOL's for 2002 and 2001. The
     change  in  the  NOL  allowances  for  2002 and 2001 was $8,485 and $6,031.

NOTE  5  -  GOING  CONCERN

     The  Company  has  experienced losses of $32,950, and $29,593 for the years
     ended  December  31, 2002 and 2001 respectively, and has experienced losses
     from  its  inception. The Company has limited operating capital and limited
     income.  In light of the above circumstances, the ability of the Company to
     continue  as  a  going  concern  is  substantially  in  doubt.


                                       24
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  5  -  GOING  CONCERN  -  CONTINUED

     The  financial  statements do not include any adjustments that might result
     from  the outcome of this uncertainty. Management believes their plans will
     provide  the corporation with the ability to continue in existence at least
     for  the  next  12  months.  Management  plans  to  maintain its filing for
     corporate  existence  and  to  limit  expenses  to the minimum to remain in
     existence.  This  may  require  additional  advances  or  loans  from  its
     stockholders  or  others. The Company will continue to limit expenses until
     enough capital has been raised to generate income and operating capital for
     its condominium rental and management activities. Management believes these
     efforts  will  maintain  the  entity  as  a  going  concern.

NOTE   6   -   NOTES  PAYABLE

     Note  payable ( See Note 9) consists of the following at December 31, 2002:

     Mortgage  loan  with  a  mortgage  company  dated  July  1,  2002
     Monthly  installment  payments  of  $755  for  30  years  with  an interest
     rate  of  6.375%.
     Secured  by  a condominium in Park City, Utah          $  120,434
                                                            ----------

     Total  notes  payable                                     120,434
     Less  current  portion  of debt                        (   1,422)
                                                            ----------

     Notes  payable  -  long-term  portion                   $  119,012
                                                             ==========

     Current  maturities  of  long-term  debt  consist  of  the  following:

               Year  ended
               December  31,                                     Amount
               -------------                                -----------
                      2003                                  $     1,422
                      2004                                        1,515
                      2005                                        1,615
                      2006                                        1,721
                      2007  and  after                          114,161
                                                               --------

                                                             $  120,434
                                                             ==========

NOTE  7  -  GOVERNMENT  FILING

     During  the  second  quarter  of  2002,  the Company filed a Securities and
     Exchange  filing on Form SB-2 to register the Common Shares of the Company.
     At  December  31,  2002, the Company was still in the process of completing
     the  filing.  An  officer and another stockholder have signed a Promotional
     Shares  Lock-In  Agreement  in  conjunction  with  the  above  filing.

NOTE  8  -  CHANGE  IN  MANAGEMENT

     During  the  third quarter of 2002, the Company had a change in management.
     Harvey Carmichael the old President and member of the Board of Directors of
     the  Company  resigned  and  Robert  M.  Karz was appointed to the Board of
     Directors  and  also  became  the President, Treasurer and Secretary of the
     Company.


                                       25
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  9  -  CONDOMINIUM  REFINANCING

     On  June  27, 2002, a shareholder completed a refinance of the condominium.
     The  cost  of  the refinance was $1,053, which was paid by the Company. The
     new  loan  is  a  5/6 libor arm. The interest rate is fixed at 6.375% for 5
     years  and  then  the  loan  changes to an adjustable rate mortgage for the
     remaining  25  years  of  the  loan. There is no balloon payment due on the
     loan.  The  loan is secured by the Condominium. The amortization term is 30
     years.  The  refinance  was  done  in the name of the shareholder through a
     Mortgage  Company owned by the shareholder and the President of the Company
     and the loan was assigned to the Company. The Company will make the monthly
     payments,  which  total  $887.21. The principal and interest portion of the
     payments is $754.88 and the escrow portion is $132.33. The payments are due
     on  the  first  of  each  month.


                                       26
<PAGE>