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

Form 10-KSB

(Mark One)
     [X]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

     For the fiscal year ended December 31, 2000

     [   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

     For the transition period from ________ to __________

          Commission File Number: 0-31165

CYGNI INVESTMENTS, INC.
(Exact name of Registrant as specified in charter)

     NEVADA                                     88-0442584
State or other jurisdiction of               I.R.S. Employer I.D. No.
incorporation or organization

1516 BROOKHOLLOW DRIVE, SUITE D, SANTA ANA, CA      92705
(Address of principal executive offices)          (Zip Code)

Issuer's telephone number, including area code:  (714) 430-9209

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common Stock, Par
Value $.001

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 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.  (1)  Yes
[X]  No [   ]       (2)  Yes  [X]    No  [   ]

Check if disclosure of delinquent filers in response 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.     [  ]

State issuer's revenues for its most recent fiscal year:     $-0-

State the aggregate market value of the voting stock held by non-affiliates of
the Registrant computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date
within the past 60 days:  The aggregate market value of the voting stock held
by non-affiliates of the Registrant computed by using the closing sale price
has been indeterminable within the past 60 days as there has been no market
for the stock.

State the number of shares outstanding of each of the Issuer's classes of
common equity as of the latest practicable date: At March 15, 2001, there were
1,000,000 shares of the Registrant's Common stock outstanding.

Documents Incorporated by Reference: Exhibits from the Registrant's
registration statement on Form 10-SB (File No. 0-31165) are incorporated by
reference into Part III hereof.

PART I

ITEM 1.  DESCRIPTION OF BUSINESS

History and Organization

     Cygni Investments, Inc. (the "Company") was incorporated under the laws
of the State of Nevada on November 17, 1999.  The Company has conducted no
activities since its inception except in connection with the filing of a
registration statement on Form 10-SB on July 26, 2000.  The registration
statement became effective on September 24, 2000.

Proposed Business

     The Company is seeking potential business acquisitions or opportunities
to enter into in an effort to commence business operations.  The Company does
not propose to restrict its search for a business opportunity to any
particular industry or geographical area and may, therefore, engage in
essentially any business in any industry.  The Company has unrestricted
discretion in seeking and participating in a business opportunity.

     The Company's Board of Directors, which consists of a single individual,
Carl T. Suter, shall make the initial determination whether to complete any
such venture; however, the Board of Directors intends to submit final approval
of any proposed transaction to the shareholders.  In connection with such
approval by the shareholders, the Company intends to provide disclosure
documentation to its shareholders as required under Section 14 of the
Securities Exchange Act of 1934, and the rules and regulations promulgated
thereunder.

     The selection of a business opportunity in which to participate is
complex and risky.  Additionally, as the Company has only limited resources
available to it, it may be difficult to find good opportunities.  There can be
no assurance that the Company will be able to identify and acquire any
business opportunity based on management's business judgement.

     The Company has begun negotiations with potential business ventures, but
has not entered into any definitive agreement or arrangement.  Management
decided to file its Registration Statement on a voluntary basis before seeking
a business venture.  Management believes that being a reporting company may
increase the likelihood that existing business ventures may be willing to
negotiate with the Company.  The Company also intends to seek quotation of its
common stock on the OTC Bulletin Board following such an acquisition or merger
transaction.  In order to have stock quoted on the OTC Bulletin Board, a
company must be subject to the reporting requirements of the 1934 Act, either
by virtue of filing a registration statement on Form 10 or Form 10-SB, or by
filing a registration statement under the 1933 Act.  The Company anticipates
that it would voluntarily file periodic reports with the Securities and
Exchange Commission, in the event its obligation to file such reports is
terminated under the Securities Exchange Act of 1934, if the common stock of
the Company were quoted on the OTC Bulletin Board.

     In connection with the application for quotation of the Company's common
stock on the OTC Bulletin Board, management intends, following an acquisition
of a business venture, to seek a broker-dealer to become the initial market
maker for the Company's common stock and to submit the application to the OTC
Bulletin Board.  There have been no preliminary discussions or understandings
between the Company, or anyone acting on its behalf, and any market maker
regarding such application or the participation of any such market maker in
the future trading market for the Company's common stock.  Management intends
to contact broker-dealers who make markets in Bulletin Board companies until
one agrees to make the application.  There is no assurance that the Company
will be successful in locating such a broker-dealer, or that the application,
if submitted, would be approved.  The Company does not intend to use outside
consultants to obtain market makers.  In addition, the Company does not intend
to use any of its shareholders to obtain market makers.

     Management intends to consider a number of factors prior to making any
final decision as to whether to participate in any specific business
endeavor, none of which may be determinative or provide any assurance of
success. These may include, but will not be limited to, an analysis of the
quality of the entity's management personnel; the anticipated acceptability of
any new products or marketing concepts; the merit of technological changes;
its present financial condition, projected growth potential and available
technical, financial and managerial resources; its working capital, history of
operations and future prospects; the nature of its present and expected
competition; the quality and experience of its management services and the
depth of its management; its potential for further research, development or
exploration; risk factors specifically related to its business operations; its
potential for growth, expansion and profit; the perceived public recognition
or acceptance of its products, services, trademarks and name identification;
and numerous other factors which are difficult, if not impossible, to properly
or accurately analyze, let alone describe or identify, without referring to
specific objective criteria.

      Regardless, the results of operations of any specific entity may not
necessarily be indicative of what may occur in the future, by reason of
changing market strategies, plant or product expansion, changes in product
emphasis, future management personnel and changes in  innumerable other
factors.  Further, in the case of a new business venture or one that is in a
research and development stage, the risks will be substantial, and there will
be no objective criteria to examine the effectiveness or the abilities of its
management or its business objectives. Also, a firm market for its products or
services may yet need to be established, and with no past track record, the
profitability of any such entity will be unproven and cannot be predicted with
any certainty.

     Management will attempt to meet personally with management and key
personnel of the entity sponsoring any business opportunity afforded to the
Company, visit and inspect material facilities, obtain independent analysis or
verification of information provided and gathered, check references of
management and key personnel and conduct other reasonably prudent measures
calculated to ensure a reasonably thorough review of any particular business
opportunity; however, due to time constraints of management, these activities
may be limited.

     The Company is unable to predict the time as to when and if it may
actually participate in any specific business endeavor. The Company
anticipates that proposed business ventures will be made available to it
through personal contacts of directors, executive officers and stockholders,
professional advisors, broker dealers in securities, venture capital
personnel, members of the financial community, attorneys, and others who may
present unsolicited proposals. In certain cases, the Company may agree to pay
a finder's fee or to otherwise compensate the persons who submit a potential
business endeavor in which the Company eventually participates. Such persons
may include the Company's directors, executive officers, beneficial owners or
their affiliates.  In this event, such fees may become a factor in
negotiations regarding a potential acquisition and, accordingly, may present a
conflict of interest for such individuals.

     The Company's directors and executive officers have not used any
particular consultants, advisors or finders on a regular basis to locate
potential business opportunities.

     The possibility exists that the Company may acquire or merge with a
business or company in which the Company's executive officers, directors,
beneficial owners or their affiliates may have an ownership interest.  Current
Company policy does not prohibit such transactions.  Because no such
transaction is currently contemplated, it is impossible to estimate the
potential pecuniary benefits to these persons.

     Although it currently has no plans to do so, depending on the nature and
extent of services rendered, the Company may compensate members of management
in the future for services that they may perform for the Company.  Because the
Company currently has extremely limited resources, and is unlikely to have any
significant resources until it has completed a merger or acquisition,
management expects that any such compensation would take the form of an
issuance of the Company's stock to these persons; this would have the effect
of further diluting the holdings of the Company's other stockholders.
However, due to the minimal amount of time devoted to management by any person
other than the Company's current sole director and executive officer, there
are no preliminary agreements or understandings with respect to management
compensation.  Although it is not prohibited by statute or its Articles of
Incorporation, the Company has no plans to borrow funds and use the proceeds
to make payment to its management, promoters or affiliates.

     Further, substantial fees are often paid in connection with the
completion of these types of acquisitions, reorganizations or mergers, ranging
from a small amount to as much as $250,000. These fees are usually divided
among promoters or founders, after deduction of legal, accounting and other
related expenses, and it is not unusual for a portion of these fees to be paid
to members of management or to principal stockholders as consideration for
their agreement to retire a portion of the shares of common stock owned by
them. However, management does not presently  anticipate actively negotiating
or otherwise consenting to the purchase of all or any portion of its common
stock as a condition to, or in connection with, a proposed merger or
acquisition.

     In the event that such fees are paid, they may become a factor in
negotiations regarding any potential acquisition by the Company and,
accordingly, may present a conflict of interest for such individuals.

     The activities of the Company are subject to several significant risks
which arise primarily as a result of the fact that the Company has no specific
business and may acquire or participate in a business opportunity based on the
decision of management, subject to the approval of the Company's shareholders.
The risks faced by the Company are further increased as a result of its lack
of resources and its inability to provide a prospective business opportunity
with significant capital.

     The Company has had no employees since its inception and does not intend
to employ anyone in the future, unless its present business operations were to
change.  The Company is not paying salaries or other forms of compensation to
its present officer and director for his time and effort.  Unless otherwise
agreed to by the Company, the Company does intend to reimburse its officers
and directors for out-of-pocket expenses.

ITEM 2.  DESCRIPTION OF PROPERTY

     Since inception the Company's administrative offices, consisting of
approximately 1,500 square feet of office space, have been located at 1516
Brookhollow Drive, Suite D, Santa Ana, California, which are the offices of
Mezzanine Associates LLC, a corporation affiliated with Eric Bronk, a
shareholder of the Company.  The office space is furnished at no cost to the
Company by Mr. Bronk and Mezzanine Associates LLC.

ITEM 3.  LEGAL PROCEEDINGS

     No legal proceedings are reportable pursuant to this item.

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

     No matters were submitted to a vote of shareholders of the Company during
the fourth quarter of the fiscal year ended December 31, 2000.

PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     There is no established trading market for the common stock of the
Company.

     None of the common shares are subject to outstanding options or warrants,
nor are there any other outstanding securities convertible into shares of
Common stock.  Although all of the 1,000,000 outstanding common shares have
met the one year holding requirement of Rule 144 under the Securities Act, the
Company is aware that the staff of the Securities and Exchange Commission has
taken the position that Rule 144 would not be available for shares issued at a
time during which an issuer was a blank check issuer and that these shares
could only be resold through a registered offering.  Management has determined
that if such position were to apply to the shares issued in the organization
of the Company, it would agree to register, at no cost to the selling
shareholders, the resale of such shares for these parties.  The Company has
expressly granted piggy-back registration rights to register 49,500 shares
issued to counsel for the Company.  The Company has not proposed to publicly
offer any shares of common stock.

     Since its inception, the Company has not paid any dividends on its common
stock and the Company does not anticipate that it will pay dividends in the
foreseeable future.

     At March 15, 2001, the Company had 20 shareholders of record.  The
Company has appointed Interwest Transfer Company, Inc., 1981 East 4800 South,
Suite 100, Salt Lake City, UT 84117, to act as its transfer agent.

     During the year ended December 31, 2000, the following securities were
sold by the Company without registering the securities under the Securities
Act:

     - From February through July 2000, the Company issued 771,500 shares of
its common stock at a cash offering price of $0.01 per share to fourteen
investors.  Also during this period the Company issued 179,000 shares for
services rendered in connection with the organization of the Company to the
following persons: 79,500 shares to Carl Suter, an executive officer and sole
director of the company, and 99,500 shares to Eric C. Bronk.  The shares
issued for services were also valued at $0.01 per share.  The shares were
issued without registration under the Securities Act of 1933, as amended, by
reason of the exemption from registration afforded by the provisions of
Section 4(2) thereof, and Rule 506 promulgated pursuant thereto, as a
transaction by an issuer not involving any public offering, the recipient of
the securities having delivered appropriate investment representations to the
Company with respect thereto and having consented to the imposition of
restrictive legends upon the certificates evidencing such securities.  No
underwriting discounts or commissions were paid in connection with such
issuance.

     - In July 2000, the Company issued 49,500 shares of its common stock to
Ronald N. Vance, Attorney at Law, for legal services provided to the Company
in connection with preparation for this registration statement.  Such shares
were valued at $495.  The shares were issued without registration under the
Securities Act of 1933, as amended, by reason of the exemption from
registration afforded by the provisions of Rule 701 promulgated by the
Securities and Exchange Commission.  No underwriting discounts or commissions
were paid in connection with such issuance.

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

     The Company is a development stage company.  Since its inception, the
Company has had no operations.  The Company was organized for the purpose of
engaging in any lawful activity permitted under Nevada state law; however, the
Company does not have any significant cash or other material assets, nor does
it have an established source of revenues sufficient to cover operating costs
and to allow it to continue as a going concern.  The Company intends to take
advantage of any reasonable business proposal presented which management
believes will provide the Company and its stockholders with a viable business
opportunity.  The board of directors will make the final approval in
determining whether to complete any acquisition, but will submit the proposal
to the shareholders for final approval.

     The original shareholders contributed a total of $7,715 in cash and
$2,285 in services as capital contributions for stock of the Company and
Mezzanine Capital Ltd., an entity of which Eric C. Bronk, a shareholder of the
Company, is an executive officer and director, loaned $15,330 to the Company
at its inception for operating expenses.  See "Item 12.  Certain Relationships
and Related Transactions."  Of the $23,045 in cash available to the Company
during 2000, the Company spent $15,305 in legal and accounting fees,
edgarizing costs, and other miscellaneous costs associated with the
organization of the Company, the filing of the registration statement on Form
10-SB, and the filing of a quarterly report on Form 10-QSB during the year
ended December 31, 2000.

     Management estimates that the cash requirements for the year ending
December 31, 2001, will be approximately $7,675, if no change in operations
occurs during the year.  Management anticipates that any additional needed
funds will be loaned to the Company by Mezzanine Capital Ltd. on the same or
similar terms as those of the original loan to the Company.  There is no
agreement with Mezzanine Capital Ltd. and no assurance that all or a portion
of these funds will be loaned to the Company.  If Mezzanine Capital Ltd. is
unwilling or unable to loan such funds to the Company, management will seek
other sources of funding which are currently unknown to management.  There is
no assurance that such funding would be available, or that if it is made
available, it could be obtained on terms favorable to the Company.

     The investigation of specific business opportunities and the negotiation,
drafting, and execution of relevant agreements, disclosure documents, and
other instruments will require substantial management time and attention and
will require the Company to incur costs for payment of accountants, attorneys,
and others.  If a decision is made not to participate in or complete the
acquisition of a specific business opportunity, the costs incurred in a
related investigation will not be recoverable.  Further, even if an agreement
is reached for the participation in a specific business opportunity by way of
investment or otherwise, the failure to consummate the particular transaction
may result in a the loss to the Company of all related costs incurred.

     Currently, management is not able to determine the time or resources that
will be necessary to locate and acquire or merge with a business prospect.
There is no assurance that the Company will be able to acquire an interest in
any such prospects, products, or opportunities that may exist or that any
activity of the Company, regardless of the completion of any transaction, will
be profitable.  If and when the Company locates a business opportunity,
management of the Company will give consideration to the dollar amount of that
entity's profitable operations and the adequacy of its working capital in
determining the terms and conditions under which the Company would consummate
such an acquisition.  Potential business opportunities, no matter which form
they may take, will most likely result in substantial dilution for the
Company's shareholders due to the likely issuance of stock to acquire such an
opportunity.

ITEM 7.  FINANCIAL STATEMENTS

     The financial statements of the Company required by this item are set
forth immediately following the signature page of this annual report.

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

     No change in accountant is reportable pursuant to this item.


PART III

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

     The following table sets forth as of March 15, 2001, the name, age, and
position of the  executive officers and sole director of the Company and the
term of office of such director:

     Name               Age     Position(s)               Director Since

     Carl T. Suter      66      Director, President &     November 1999
                                Treasurer
     Lynn Carlson       46      Vice-President & Secretary      --

     Directors are elected for a term of one year and until their successors
are elected and qualified.  Annual meetings of the stockholders, for the
selection of directors to succeed those whose terms expire, are to be held at
such time each year as designated by the Board of Directors.  The Board of
Directors has not selected a date for the next annual meeting of
shareholders.  Officers of the Company are elected by the Board of Directors,
which is required to consider that subject at its first meeting after every
annual meeting of stockholders.  Each officer holds his office until his
successor is elected and qualified or until his earlier resignation or
removal.

     Set forth below is certain biographical information regarding the
Company's current sole executive officer and director:

     CARL T. SUTER has been the president and treasurer of the Company since
its inception in November 1999.  He has been President and Chairman of
Continental American Resources, Inc., a Nevada based investment banking firm,
since 1980.  Over the past twenty years Mr. Suter has provided management
assistance and arranged financing for companies in a variety of industries,
including solar energy, oil and gas, mining, direct marketing, mail order,
consumer products, telecommunications, Internet commerce, and Internet
telephony.  He has maintained a business relationship and stock ownership
interest in a number of these companies.  Mr. Suter received a Bachelor of
Science degree in Industrial Engineering from Arizona State University in
1961.

     LYNN CARLSON has been the secretary and vice-president of the Company
since its inception in November 1999.  She has worked for Mezzanine Associates
LLC, an investor and corporate relations firm, since November 1998 as an
administrative assistant and account executive.  From June 1996 to November
1998, Ms. Carlson worked as the assistant to the president for DGWB
Advertising.  From May 1991 to May 1996, she was the office manager for Family
Solutions, a  non-profit group home agency.

     Management devotes only nominal time to the activities of the Company.
If the Company is able to locate a suitable new business venture, it is
anticipated that Mr. Suter will devote substantially all of his time to
completing the acquisition.

Other Public Shell Activities

     Mr. Suter has not been involved as a director or executive officer of
other companies that may be deemed to be "blank check" companies, and has not
been involved in any blank check public offerings.

Section 16(a) Beneficial Ownership Reporting Compliance

     For the year ended December 31, 2000, the following table sets forth
persons, who were directors, officers, or beneficial owners of more than 10%
of the common stock during such fiscal year, and who failed to file on a
timely basis reports required by Section 16(a) of the Securities Exchange Act
of 1934 during such fiscal year or any prior fiscal year:

                                                      Number of Transactions Not
   Name            Position              Late Reports  Reported on Timely Basis

   Carl T. Suter   Director and officer       Form 3        1
   Lynn Y. Carlson Officer                    Form 3        1
                                              Form 5
   Eric C. Bronk   Beneficial Owner           Form 3        1
                                              Form 5

ITEM 10.  EXECUTIVE COMPENSATION

     There has been no compensation awarded to, earned by, or paid to any of
the executive officers of the Company since its inception.  However, Mr.
Suter, an executive officer and sole director of the Company, received 79,500
shares of restricted stock of the Company for services rendered in connection
with the organization of the Company.

     The Company has no employment or compensation agreements or arrangements
with either of its officers.

     Directors are permitted to receive fixed fees and other compensation for
their services as directors, as determined by the Board of Directors.  The
Board of Directors has not adopted any policy in regard to the payment of fees
or other compensation to directors, and no fees or compensation have been paid
to, or accrued by, the present director.

     ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following table sets forth certain information furnished by current
management concerning the ownership of common stock of the Company as of March
15, 2001, of (i) each person who is known to the Company to be the beneficial
owner of more than 5 percent of the Common stock; (ii) all directors and
executive officers; and (iii) directors and executive officers of the Company
as a group:

                                   Amount and Nature
Name and Address                   of Beneficial
of Beneficial Owner                Ownership (1)          Percent of Class

Carl T. Suter                         79,500                   7.95%
3857 Birch St., #606
Newport Beach, CA 92660

Lynn Carlson                              -0-                    -0-
1516 Brookhollow Drive, Suite D
Santa Ana, CA 92705

Executive Officers and                79,500                   7.95%
Directors as a Group
(2 Persons)

Baldwin Investments Ltd.              99,500                   9.95%
99-101 Regent St.
First Floor
London W1R 7HB UK

Eric Bronk                           169,000(2)               16.90%
3857 Birch St., #606
Newport Beach, CA 92660

Fleming Securities                    99,500                   9.95%
Suites 1601-1603
Hollywood Rd.
Hong Kong

Starling Securities Ltd.              99,500                   9.95%
Suite 2 B
Mansion House
143 Main St.
Gibraltar

     (1) Unless otherwise indicated, this column reflects amounts as to which
the beneficial owner has sole voting power and sole investment power.
     (2) Of the shares beneficially owned by Mr. Bronk, 49,500 are owned
directly by Mezzanine Capital Ltd, a company of which Mr. Bronk is the
president, and 20,000 are owned directly by Suter GC Trust, a trust for which
Mr. Bronk is the trustee.  While Mr. Bronk disclaims any interest in these
shares, he is deemed to share beneficial ownership of such shares with these
entities.

     The Company is seeking potential business acquisitions or opportunities.
(See "Item 1.  Description of Business.")  It is likely that such a
transaction would result in a change of control of the Company, by virtue of
issuing a controlling number of shares in the transaction, change of
management, or otherwise.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     In connection with the organization of the Company, Carl Suter, an
executive officer and sole director of the Company, received 79,500 shares for
services rendered by Mr. Suter to the Company.

     On February 4, 2000, Mezzanine Capital Ltd., a corporation of which Eric
Bronk, a shareholder of the Company, is the president and chairman, loaned
$15,330 to the Company and on February 4, 2001, the note was extended for one
year.  The promissory note bears 10% interest per annum and is due on or
before February 4, 2002.

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

     (a)(1)     Financial Statements.  The following financial statements are
included in this report:
                                                                            Page
          Report of Auditor                                                 F-1
          Balance Sheet as of December 31, 2000                             F-2
          Statements of Operations for the year ended December 31, 2000,
           and for the period from inception to December 31, 2000           F-3
          Statement of Stockholders' Equity for the period from inception
           to December 31, 2000                                             F-4
          Statements of Cash Flows for the period May 10, 2000 through
          December 31, 2000, and for the period from inception to
          December 31, 2000                                                 F-5
          Notes to Financial Statements                                     F-6

     (a)(2)     Exhibits.  The following exhibits are included as part of this
report:

     Exhibit No.     Description of ExhibitPage

     3.1           Articles of Incorporation filed May 10, 2000               *
     3.2           Current Bylaws                                             *
     4.1           Form of Common Stock Certificate                           *
     10.1          Extended Promissory Note dated May 18, 2000                *
     23.1          Consent of Auditor                                   Attached
     27.1          Financial Data Schedule                              Attached

          *Incorporated by reference from the Company's registration statement
on Form 10-SB filed with the Securities and Exchange Commission on July 26,
2000, File No.0-31165.

     (b)  Reports on Form 8-K:  No reports on Form 8-K were filed during the
fourth quarter of the fiscal year ended December 31, 2000.

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.

                                  Cygni Investments, Inc.


Date: March 28, 2001      By: /s/ Carl T. Suter, President,
                                  Chief Financial & Principal Accounting Officer

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


Date: March 28, 2001          /s/ Carl T. Suter, Sole Director

<PAGE>
INDEPENDENT AUDITORS' REPORT


Stockholders and Directors
Cygni Investments, Inc.
Santa Ana, California

     We have audited the accompanying balance sheet of Cygni Investments,
Inc.(a Nevada Corporation) (a development stage company)  as of December 31,
2000 and the related statements of operations, stockholders' equity, and cash
flows for the period November 17, 1999 (inception) to December 31, 2000.
These financial statements are the responsibility of the company's
management.  Our responsibility is to express and opinion on these financial
statements based on our audit.

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

     In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Cygni Investments,
Inc. at December 31, 2000, and the results of its operations and cash flows
for the period November 17, 1999 to December 31, 2000 in conformity with
generally accepted accounting principles.

/s/ Crouch Bierwolf & Associates

Salt Lake City, UT
January 17, 2001

<PAGE>
Cygni Investments, Inc.
(a development stage company)
Balance Sheets


ASSETS

                                                   December 31,   December 31,
                                                      2000            1999

CURRENT ASSETS

     Cash (Note 1)                                $     7,739     $     -
                                                    ---------       --------
     TOTAL ASSETS                                 $     7,739     $     -
                                                    =========       ========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

     Interest payable                             $     1,405     $     -
     Note payable - related party  (Note 4)            15,330           -
                                                    ---------       --------
     Total Current Liabilities                         16,735           -


STOCKHOLDERS' EQUITY

     Common Stock 100,000,000 shares
        authorized at $.001 par value;
        1,000,000 shares issued and outstanding         1,000           -
     Capital in Excess of Par Value                     9,000           -
     Deficit accumulated during development stage     (18,996)          -
                                                    ---------       --------
     Total Stockholders' Equity                         8,996           -
                                                    ---------       --------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY    $    7,739      $    -
                                                    =========       ========

The accompanying notes are an integral part of these financial statements

<PAGE>
Cygni Investments, Inc.
(a development stage company)
Statements of Operations

                                                                      For the
                                                                      Period
                                  For the Year   For the Year   November 17,1999
                                     Ended          Ended        (inception) to
                                  December 31,   December 31,      December 31,
                                      2000           1999               2000

REVENUE                           $     -          $     -           $     -

EXPENSES

     General and Administrative   $    17,591      $     -           $  17,591
     Interest Expense                   1,405            -               1,405
                                    ---------        -------           -------
     Total Expenses                    18,996            -              18,996

NET INCOME (LOSS) - Before Taxes  $   (18,996)     $     -           $ (18,996)

     Taxes (Note 2)                     -                -                 -

INCOME (LOSS)                     $   (18,996)     $     -           $ (18,996)
                                    =========        =======           =======
Loss Per Common Share (Note 1)    $      (.02)     $     -
                                    =========        =======
Average Outstanding Shares
 (Note 1)                             810,042            -
                                    =========        =======


The accompanying notes are an integral part of these financial statements

<PAGE>
Cygni Investments, Inc.
(a development stage company)
Statements of Stockholders' Equity
From November 17, 1999 (inception) through December 31, 2000

                                                                       Deficit
                                                                     Accumulated
                                                     Capital in        During
                              Common    Common       Excess of       Development
                              Shares    Stock        Par Value          Stage
Balance at November 17, 1999     -    $     -        $     -         $     -

Net loss for the period          -          -              -               -
                              --------  --------        --------      --------
Balance at December 31, 1999     -          -              -               -

Stock Issued for Cash
 at $.01 per share             771,500       772           6,943           -

Stock Issued for Services
 at $.01 per share (Note 5)    228,500       228           2,057           -

Net loss for the Period          -          -              -           (18,996)
                              --------  --------        --------      --------
Balance December 31, 2000    1,000,000 $   1,000      $    9,000     $ (18,996)
                              ========  ========        ========      ========

The accompanying notes are an integral part of these financial statements

<PAGE>
Cygni Investments, Inc.
(a development stage company)
Statements of Cash Flows


                                    For the Six   For the Year  For the Period
                                    For the Six   For the Year November 17, 1999
                                    Months Ended     Ended       (Inception) to
                                    December 31,  December 31,    December 31,
                                       2000           1999             2000

CASH FLOWS FROM
     OPERATING ACTIVITIES
          Net Income (Loss)       $     18,996    $     -       $     (18,996)
          Increase (Decrease)
            in Accounts Payable/
            Interest Payable             1,405          -               1,405
          Expenses paid by Stock
            Issuance                     2,285          -               2,285
                                      --------       -------          -------
                                       (15,305)         -             (15,306)

CASH FLOWS FROM
     INVESTING ACTIVITIES                    -          -                   -

CASH FLOWS FROM
     FINANCING ACTIVITIES
          Issuance of Common
            Stock for Cash               7,715          -               7,715
          Issuance of Note Payable
            for Cash                    15,330          -              15,330
                                      --------       -------          -------
                                        23,045          -              23,045

INCREASE (DECREASE) IN CASH
     AND CASH EQUIVALENTS                7,739          -               7,739

CASH AND CASH EQUIVALENTS
     AT THE BEGINNING OF PERIOD              -          -                   -
                                      --------       -------          -------
CASH AND CASH EQUIVALENTS
     AT END OF PERIOD              $     7,739    $     -        $      7,739
                                      ========       =======          =======
CASH PAID DURING THE PERIOD FOR:
          Interest                 $         -    $     -        $          -
          Income Taxes             $         -    $     -        $          -



The accompanying notes are an integral part of these financial statements

<PAGE>
Cygni Investments, Inc.
(a development stage company)
Notes to the Financial Statements
December 31, 2000

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

Organization and Business - Cygni Investments, Inc. (the "Registrant" or the
"Company") was incorporated in Nevada  on November 17, 1999, as Cygni
Investments, Inc. for the purpose of seeking and consummating a merger or
acquisition with a business entity organized as a private corporation,
partnership, or sole proprietorship.

Cash and Cash Equivalents The Company considers all highly liquid investments
with maturities of three months or less to be cash equivalents.

Earnings (Loss) Per Share The computation of earnings per share of common
stock is based on the weighted average number of shares outstanding at the
date of the financial statements.

NOTE 2 -INCOME TAXES

The Company adopted Statement of Financial Standards No. 109 "Accounting for
Income taxes" in the fiscal year ended December 31, 2000.

Statement of Financial Accounting Standards No. 109 "Accounting for Income
Taxes" requires an asset and liability approach for financial accounting and
reporting for income tax purposes.  This statement recognizes (a) the amount
of taxes payable or refundable for the current year and (b) deferred tax
liabilities and assets for future tax consequences of events that have been
recognized in the financial statements or tax returns.

Deferred income taxes result from temporary differences in the recognition of
accounting transactions for tax and financial reporting purposes.  There were
no temporary differences for the current year accordingly, no deferred tax
liabilities have been recognized.

No provision for income taxes has been recorded due to net operating loss
carryforward totaling approximately $0 that will be offset against future
taxable income. The NOL carryforward begins to expire in the year 2020.  No
tax benefit has been reported in the financial statements.

        Deferred tax assets and the valuation account at December 31, 2000 is
as follows:

          Deferred tax asset:
             NOL carryforward               $             -
             Valuation allowance            $             -
              Total                         $             -

NOTE 3 - USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect reported amounts of assets and liabilities, disclosure of
contingent assets and liabilities at the date of the financial statements and
revenues and expenses during the reporting period.  In these financial
statements, assets, liabilities and earnings involve extensive reliance on
management's estimates.  Actual results could differ from those estimates.
Cygni Investments, Inc.
(a development stage company)
Notes to the Financial Statements
December 31, 2000


NOTE 4 - NOTE PAYABLE RELATED PARTY

The Company issued a promissory note in the amount of $15,330 to Mezzanine
Capital Ltd. on February 4, 2000.  The note is unsecured and carries an
interest rate of 10% per annum.  The principal and interest of the note shall
be due and payable on February 4, 2001.


NOTE 5 - ISSUANCE OF COMMON STOCK

The Company has issued 228,500 shares of common stock for services performed
in organizing the company.