UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                            ------------------------

                                   FORM 10-KSB
(MARK  ONE)

 [X]   ANNUAL  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
     EXCHANGE  ACT  OF  1934 FOR  THE  FISCAL  YEAR  ENDED  DECEMBER  31,  2001

 [ ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
         FOR THE TRANSITION PERIOD FROM ______________ TO _____________
                        COMMISSION FILE NUMBER 000-28195


                             CARSUNLIMITED.COM, INC.

                (NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

          NEVADA                                              11-3535204

  (STATE  OR  OTHER  JURISDICTION  OF                      (I.R.S.  EMPLOYER
  INCORPORATION  OR  ORGANIZATION)                        IDENTIFICATION  NO.)


                           10 Cedar Swamp Rd., Ste. 8
                            Glen Cove, New York 11542
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (516) 671-5551

      SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE EXCHANGE ACT:

                                      NONE

      SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE EXCHANGE ACT:

                          COMMON STOCK, $.001 PAR VALUE
                                (TITLE OF CLASS)

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

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of the 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. [X]

Issuer had revenues of $127,711 for its most recent fiscal year.

The aggregate market value of the voting and non-voting  common equity (the only
such common equity being Common Stock,  $.001 par value) held by  non-affiliates
of the registrant (computed by reference to the closing sale price of the Common
Stock on April 30, 2002) is $202,680.

The number of shares issued and  outstanding of the  registrant's  Common Stock,
$.001 par value is 26,530,000 (as of April 30, 2002).







DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This report includes "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. For example, statements included in this report regarding our financial
position,   business   strategy  and  other  plans  and  objectives  for  future
operations, and assumptions and predictions about future product demand, supply,
manufacturing,  costs,  marketing  and pricing  factors are all  forward-looking
statements.   When  we  use  words  like  "intend,"   "anticipate,"   "believe,"
"estimate,"  "plan" or "expect," we are making  forward-looking  statements.  We
believe that the assumptions and expectations  reflected in such forward-looking
statements are reasonable,  based on information  available to us as of present,
but we cannot assure you that these  assumptions and expectations  will prove to
have been  correct  or that we will take any  action  that we may  presently  be
planning.  We have  disclosed  certain  important  factors  that could cause our
actual results to differ materially from our current  expectations  elsewhere in
this report. You should understand that forward-looking  statements made in this
report are  necessarily  qualified by these factors.  We are not  undertaking to
publicly  update or  revise  any  forward-looking  statement  if we  obtain  new
information or upon the occurrence of future events or otherwise.



                                     PART I


ITEM 1. BUSINESS

     In this report, references to the "Company",  "we", "us" and "our" refer to
Carsunlimited.com, Inc., a Nevada corporation.

COMPANY OVERVIEW


CarsUnlimited.com,  Inc.  was  incorporated  in the  State of Nevada on March 7,
2000. As of December 31, 2001 our corporate address was 10 Cedar Swamp Rd., Ste.
8, Glen Cove,  New York 11542;  however the Company is in the process of finding
alternate  office  space and will now have its address as PO Box 446, Sea Cliff,
New York 11579. The Company's  telephone number is 516-671-5551 and our Internet
Web address is  http://www.carsunlimited.com.  We are an early development stage
company.  Our initial goal was to provide our users with the ability to search a
database that contains detailed information about the automobile  industry,  new
and used car sales as well as a parts database and extended warranty information
from around the world.  Our service was intended to offer Internet users a quick
and easy way to search for automobile related needs according to their interests
via the Internet.


Business Development

We worked to combine an existing  dealer-direct business with the potential of a
new virtual  storefront  and portal and we filed a certificate of business for a
fictitious  firm name to do business as Dealer  Direct  services for  automobile
dealership products.

In September  2000, the Company entered into an agreement with Heritage TPA Inc.
to help market the Heritage  Vehicle Service Contract  Program.  Pursuant to the
agreement,  Heritage was obligated to pay the Company,  per month, based on sold
vehicle  service  Contracts.  The  term of the  agreement  is  indefinite  until
canceled by either party.

On December 20, 2001, the Company entered into a commission  based contract with
Warranty  Gold Ltd.  ("Warranty  Gold")  located at 7501 Hwy 290 East Suite #101
Austin, Texas 78723.  Warranty Gold is an online provider of extended warranties
for cars,  trucks,  or sport utility  vehicles.  Warranty Gold,  pursuant to the
agreement, granted the Company a limited, non-exclusive world-wide, royalty free
right and license to use the Warranty  Gold trade name and service marks for the
purpose of advertising,  marketing and promoting  Warranty Gold's content on the
carsunlimited.com  Internet  Web site.  Likewise,  the Company  granted  similar
rights for Warranty Gold to promote the carsunlimited.com content on the Warrant
Gold Internet Web site.  The term of such agreement is for a period of one year.
For  contracts of Warranty  Gold sold by the  Company,  the Company will receive
$100 for the first 25 contracts; $125 per contract for the next 25 contracts and
$150 per contract for every contract above 50 which was obtained by the Company.


The Company was a diversified "click-and-mortar" company, providing products and
services for automobile  owners,  potential owners,  and  manufacturers  through
multiple  distribution and marketing  channels including the Internet and direct
sales. The Company's  Internet website was able to receive  immediate orders for
warranty products,  provided a free automobile  classified section for consumers
and dealers,  sold ancillary products and offered content to attract and educate
the potential buyers.

Competitive Business Conditions

The  market  for  commercial  uses of the  Internet  are new and  evolving,  and
competition has increased  significantly in these markets,  as barriers to entry
are  relatively  insubstantial.  We have  found the that our  ability to compete
depends on many factors mostly beyond our control, including the following:

-    the timing and market acceptance of our business model;

-    the effectiveness of our website in attracting  potential customers for our
     products;

-    the number and types of strategic  relationships  we enter into  (including
     e-commerce partnerships); and our marketing efforts.

Since December,  we determined  that the expected  revenues from operations will
not be sufficient to meet the operating expenses and are seeking to consummate a
business combination with a profitable privately owned company.

We will attempt to identify and negotiate with a business  target for the merger
of that entity with and into the Company. In certain instances, a target company
may wish to become a subsidiary of the Company or may wish to contribute or sell
assets to the Company rather than to merge.  No assurances can be given that the
Company  will be  successful  in  identifying  or  negotiating  with any  target
company.

A business  combination  with a target  company may involve the  transfer to the
target company of the majority of the issued and outstanding common stock of the
Company,  and the  substitution  by the target company of its own management and
board of directors.  No assurances can be given that the Company will be able to
enter into a business  combination,  or, if the  Company  does enter into such a
business  combination  no assurances  can be given as to the terms of a business
combination, or as to the nature of the target company.

Sources and Availability of Raw Material.

     As of the date of this Report,  due to the nature of our business,  we have
no raw materials nor suppliers of raw materials.

Government Regulation Issues.

     Due to increasing  usage of the Internet,  a number of laws and regulations
may be adopted  relating to the Internet,  covering user privacy,  pricing,  and
characteristics  and quality of products and services.  Furthermore,  the growth
and  development  for  Internet  commerce  may prompt  more  stringent  consumer
protection  laws  imposing  additional  burdens  on those  companies  conducting
business over the Internet.  The adoption of any additional  laws or regulations
may decrease the growth of the  Internet,  which,  in turn,  could  decrease the
demand for Internet  services  and  increase  the cost of doing  business on the
Internet.  These factors may have an adverse effect on our business,  results of
operations and financial condition.

     Moreover,  the interpretation of sales tax, libel and personal privacy laws
applied to Internet commerce is uncertain and unresolved.  We may be required to
qualify to do  business as a foreign  corporation  in each such state or foreign
country. Our failure to qualify as a foreign corporation in a jurisdiction where
we are  required  to do so could  subject  us to taxes and  penalties.  Any such
existing or new  legislation  or regulation,  including  state sales tax, or the
application  of  laws  or  regulations  from  jurisdictions  whose  laws  do not
currently  apply to our business,  could have a material  adverse  effect on our
business, results of operations and financial condition.




Research and Development.

To date, we have not undergone any research and development.

Lock Up Agreements

     A "leak out  agreement",  was entered into by the Company with the entities
stated below  whereby the following  shareholders  have agreed that their shares
which were  registered on a Form SB-2,  shall be held by the Company's  transfer
agent  and  released  to them on a pro rata  basis of 10% each  month  until the
shares are exhausted:

a.)  Paul Greco Family Ltd., Partnership 735,000 shares: 73,500 shares per month
     for 10 months;

b.)  The Greco Family Ltd.,  Partnership 735,000 shares: 73,500 shares per month
     for 10 months;

c.)  Nicholas Boscia 50,000 shares 5,000 shares per month for 10 months.

As of  May  1,  2002,  none  of the  shares  listed  as  "locked-up"  under  the
aforementioned "leak-out agreement",  an aggregate of 1,520,000 shares have been
physically  delivered to the shareholders because the Company has been unable to
pay an outstanding balance with its transfer agent.  However, all of such shares
are included in the Company's  calculation  of its  26,530,000  shares of common
stock currently outstanding.

Recent Significant Events

     Due to the Company's inability to generate  significant revenue, if any, to
meet the Company's opeating expenses and its inability to pay its liabilities as
they become due, on April 8, 2002 the Company  entered  into an  agreement  with
Constellation  Partners,  on a non-exclusive basis, to attempt to locate a buyer
for the sale or  acquisition  of the  Company or a  controlling  interest in the
Company.   Should  Constellation  Partners  provide  a  satisfactory  candidate,
Constellation  Partners  will be paid a one time pre-set  finder's fee of 10% of
the amount received by the Company, or the selling shareholders,  as applicable,
plus an  additional  $10,000  and 10% of the common  stock then  retained by the
selling security  holders.  The Company can give no assurance that a transaction
will be consummated through the introductions made by Constellation Partners.

Employees.

     The Company  presently has 1 part time  employee,  its  President,  Anthony
Genova.

Transfer Agent.

     The  transfer  agent  for the  shares  of  common  stock  is Olde  Monmouth
Transfer, 77 Memorial Parkway Ste. 2, Atlantic Highland, NJ 07716.


RISK FACTORS

     An investment in our common stock is  speculative  in nature and involves a
high degree of risk. You should  carefully  consider the following risks and the
other  information  contained in this prospectus  before investing in the common
stock offered hereby.  The price of our common stock could decline due to any of
these risks, and you could lose all or part of your investment.  You also should
refer to the  other  information  included  in this  prospectus,  including  the
financial statements and related notes.

     If  any of  the  events  described  below  were  to  occur,  our  business,
prospects,  financial  condition or results of  operations or cash flow could be
materially  adversely affected.  When we say that something could or will have a
material adverse effect on it, we mean that it could or will have one or more of
these effects.

GENERAL RISKS

WE WILL NEED TO RAISE  ADDITIONAL  FUNDS IN THE FUTURE FOR OUR OPERATIONS AND IF
WE ARE  UNABLE TO  SECURE  SUCH  FINANCING,  WE MAY NOT BE ABLE TO  SUPPORT  OUR
OPERATIONS.

     We will  need  additional  funds to  develop  our  operations.  We may seek
additional capital through

          -an  offering  of  our  equity  securities,
          -an  offering  of  debt  securities,  or
          -by  obtaining  financing  through  a  bank  or  other  entity.

We have not  established  a limit as to the  amount  of debt we may incur and we
have not adopted a ratio of our equity to debt  allowance.  If we need to obtain
additional financing, the financing may not be available from any source, or may
not be available on terms  acceptable  to us. Any future  offering of securities
may not be  successful.  We may not be able to  continue  to  operate  if we are
unable to obtain additional capital when needed.


WE HAVE LIMITED OPERATING HISTORY FOR YOU TO EVALUATE.

We  incorporated  in the  State of  Nevada  in March  7,  2000 and have  limited
operations  or  revenues  and nominal  assets.  As a start-up  business,  we are
subject to all the  substantial  risks  inherent  in the  commencement  of a new
business enterprise with new management.  There can be no assurance that we will
be able to successfully  continue to generate revenues,  operate profitably,  or
make  any  distributions  to the  holders  of our  securities.  We have  limited
business  history  for  you to  analyze  or to aid  you in  making  an  informed
judgement as to the merits of an investment in our securities. Any investment in
our common stock should be considered a high risk investment because you will be
placing funds at risk in an unseasoned  start-up company with unforeseen  costs,
expenses,  competition  and other problems to which start-up  ventures are often
subject. As we are a development stage company, our prospects must be considered
in light of the risks,  expenses and difficulties  encountered in establishing a
new business in any industry.




WE CURRENTLY HAVE NEGATIVE  WORKING  CAPITAL,  LIMITED  SOURCES OF LIQUIDITY,  A
DEFICIT NET WORTH AND SUBSTANTIAL LOSSES TO DATE.

We require  substantial  capital to pursue our operating  strategy and currently
have limited cash for  operations.  Until we can obtain  revenues  sufficient to
fund working  capital  needs,  we will be  dependent  upon  external  sources of
financing which may not be available.  To date, we have limited internal sources
of liquidity and expect limited internal cash flow in the immediate  future.  We
do not  have  any  commitments  to  raise  additional  capital  and  there is no
assurance that any additional funds needed will be available on favorable terms,
if at all. We require substantial working capital to continue the funding of our
business. The Company has a deficit net worth and substantial losses. Should the
Company be unable to obtain the  necessary  working  capital to continue and the
Company be forced to  liquidate  its  assets,  investors  will likely lose their
entire investment.

WE ARE DEPENDENT ON KEY MANAGEMENT PERSONNEL.

Our success is dependent  upon,  among other things,  the services of Anthony J.
Genova,  Jr.,  CEO,  president  and  director.  The loss of the  services of Mr.
Genova, for any reason, could have a material adverse effect on the prospects of
the Company's success in this industry.  We do not have an employment  agreement
or key man  life  insurance  for  Mr.  Genova.  Currently,  Mr.  Genova  devotes
approximately  30 hours per week to the  business of the Company and has outside
employment  opportunities.  The  expansion  of our business  will place  further
demands on existing  management and future growth and profitability will depend,
in part,  on our ability to hire and retain  necessary  management  personnel to
operate the business.  There is no assurance that we will be able to attract and
retain the necessary experienced personnel.

THE COMPANY'S  OFFICERS ARE  NEGOTIATING THE SALE OF THEIR PERSONAL COMMON STOCK
IN A PRIVATE TRANSACTION.

Mr. Genova and the other officers and directors of the Company have entered into
a letter of  intent  and are in the  process  of  negotiating  the sale of their
personal  common stock to sell an  approximate  aggregate  amount of 21,000,0000
shares. As such, if the proposed transaction should be finalized, the purchasers
would obtain a majority  control of the  Company's  common stock and, as part of
the negotiations,  may become directors of the Company.  The Company can give no
assurance  that a  transaction  of any sort will be  finalized or what the final
terms of such transaction may be.

OUR CURRENT AND POTENTIAL  COMPETITORS,  SOME OF WHOM HAVE GREATER RESOURCES AND
EXPERIENCE  THAN WE DO, MAY DEVELOP  PRODUCTS  AND  TECHNOLOGIES  THAT MAY CAUSE
DEMAND FOR, AND THE PRICES OF, OUR PRODUCTS TO DECLINE.

     We believe that our ability to compete  depends on many factors both within
and beyond our control. Some of our competitors have longer operating histories,
larger client bases,  longer  relationships with clients,  greater brand or name
recognition and significantly greater financial, technical, marketing and public
relations  resources than we have. Existing or future competitors may develop or
offer services that are  comparable or superior to ours at a lower price,  which
could  materially  harm  our  business,  results  of  operations  and  financial
condition.


WE HAVE NOT PAID ANY  DIVIDENDS  AND WE DO NOT  ANTICIPATE  DOING SO IN THE NEAR
FUTURE.

     We have paid no dividends on our common stock and we cannot assure you that
we will achieve sufficient earnings to pay cash dividends on our common stock in
the near future.  Further,  we intend to retain earnings to fund our operations.
Therefore, we do not anticipate paying any cash dividends on our common stock in
the foreseeable future.



SHARES OF OUR TOTAL OUTSTANDING SHARES THAT ARE RESTRICTED FROM IMMEDIATE RESALE
BUT MAY BE SOLD INTO THE MARKET IN THE FUTURE  COULD  CAUSE THE MARKET  PRICE OF
OUR COMMON STOCK TO DROP SIGNIFICANTLY, EVEN IF OUR BUSINESS IS DOING WELL.


     As of May 2, 2002, we had 26,530,000  shares of our common stock issued and
outstanding,  24,899,090  of which we believe are  restricted  securities.  Such
figure does not include an  aggregate  of  1,130,000  shares of our common stock
which have not yet been issued due to the Company's inability to make payment to
its transfer agent on  outstanding  invoices.  Such figure of 26,530,000  shares
outstanding  does  include  1,520,000  shares of  common  stock  authorized  for
issuance,  which  shares  have  not  yet  been  physically  delivered  to  their
respective  shareholders  due to the Company's  inability to make payment to its
transfer agent on outstanding  invoices.  Rule 144 provides,  in essence, that a
person holding "restricted securities" for a period of one year may sell only an
amount every three months equal to the greater of (a) one percent of a company's
issued and outstanding  shares, or (b) the average weekly volume of sales during
the  four  calendar  weeks   preceding  the  sale.  The  amount  of  "restricted
securities"  which a person who is not our  affiliate  sells is not so  limited,
since  non-affiliates  may sell without volume  limitation their shares held for
two years if there is adequate current public information  available  concerning
us. In that event,  "restricted  securities"  would be eligible  for sale to the
public at an earlier  date. As  restrictions  on resale end, the market price of
our common  stock could drop  significantly  if the holders of these  restricted
shares sell them or are perceived by the market as intending to sell them.




WE MAY, IN THE FUTURE,  ISSUE ADDITIONAL  SHARES OF OUR COMMON STOCK WHICH WOULD
REDUCE INVESTORS PERCENTAGE OF OWNERSHIP AND MAY DILUTE OUR SHARE VALUE.

     Our  certificate  of  incorporation  authorizes  the issuance of 50,000,000
shares of common stock, par value $.001 per share. The future issuance of all or
part of our remaining authorized common stock may result in substantial dilution
in the percentage of our common stock held by our then existing stockholders. We
may value any common  stock  issued in the  future on an  arbitrary  basis.  The
issuance of common stock for future  services or acquisitions or other corporate
actions  may have the effect of  diluting  the value of the  shares  held by our
investors, and might have an adverse effect on any trading market for our common
stock.

THE SHARES  AVAILABLE FOR SALE IMMEDIATELY BY THE SELLING SECURITY HOLDERS COULD
SIGNIFICANTLY REDUCE THE MARKET PRICE OF OUR COMMON STOCK.

     The market price of our common stock could drop if  substantial  amounts of
shares are sold in the public market or if the market perceives that those sales
could occur.  A drop in the market price could  adversely  affect holders of our
common  stock and could  also harm our  ability to raise  additional  capital by
selling equity securities.  In addition, after a one-year holding period, shares
held by our  non-affiliates  will become eligible for trading,  pursuant to Rule
144 of  the  General  Rules  and  Regulations  of the  Securities  and  Exchange
Commission,  without  any  additional  payment  to us or  any  increase  in  our
capitalization.


ITEM 2. PROPERTIES

     As of December 31, 2001, our corporate address was 10 Cedar Swamp Rd., Ste.
8, Glen Cove,  New York 11542;  however the Company is in the process of finding
alternate  office  space and will now have its address as PO Box 446, Sea Cliff,
New York 11579. The Company's  telephone number is 516-671-5551 and our Internet
Web  address  is  http://www.carsunlimited.com.  The  Company  does not have any
policies  regarding  investments  in real estate,  securities  or other forms of
property.

ITEM 3. LEGAL PROCEEDINGS

     From time to time,  we may be  involved  as a  plaintiff  or  defendant  in
various  legal  actions  arising in the  normal  course of  business.  We do not
anticipate any material liability as a result of such litigation.

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

     No matter was submitted  during the fourth quarter of 2000 to a vote of our
security holders.





                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

MARKET INFORMATION

     Our  common  stock is quoted on the OTC  Bulletin  Board  under the  symbol
"CAUL".  The following table sets forth the range of high and low bid quotations
of our common stock for the periods indicated. The prices represent inter-dealer
quotations,  which do not include retail markups, markdowns or commissions,  and
may not represent actual transactions. Our common stock began trading on the OTC
Bulletin Board on October 9, 2001

                                          HIGH            LOW
                                          -----           ----

Fourth  Quarter of 2001                   $.75           $.02

SECURITY HOLDERS

At April 30, 2002, there were 26,530,000  shares of our common stock outstanding
which were held by approximately 83 stockholders of record. Such figure includes
an aggregate of 2,550,000  shares of our common stock which have been authorized
for issuance;  however,  these shares have not yet been physically  delivered to
their respective  shareholders due to the Company's inability to make payment to
its transfer agent on outstanding invoices.

DIVIDEND POLICY

     We have never declared or paid any cash dividends on our capital stock.  We
intend to retain  future  earnings,  if any,  to finance  the  expansion  of our
business  and we do not  expect  to  declare  or pay any cash  dividends  in the
foreseeable future.


Recent Sale of Unregistered Securities

During the fourth quarter,  for the fiscal year ended December 31, 2001, we have
not issued unregistered securitiess.




ITEM 6. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

     The  following  discussion  is  intended  to  provide  an  analysis  of our
financial condition and should be read in conjunction with our audited financial
statements and the related footnotes. The matters discussed in this section that
are not historical or current facts deal with potential future circumstances and
developments.  Such forward-looking  statements include, but are not limited to,
the development plans for our growth,  trends in the results of our development,
anticipated  development plans,  operating expenses and our anticipated  capital
requirements and capital  resources.  Our actual results could differ materially
from the results discussed in the forward-looking statements.

General


     In September  2000, the Company entered into an agreement with Heritage TPA
Inc. to help market the Heritage Vehicle Service Contract  Program.  Pursuant to
the agreement Heritage is obligated to pay the Company, per month, based on sold
vehicle service Contracts. The term of the agreement shall be indefinitely until
canceled by either party.

     On December 20, 2001, the Company entered into a commission  based contract
with Warranty  Gold Ltd.  ("Warranty  Gold")  located at 7501 Hwy 290 East Suite
#101  Austin,  Texas  78723.  Warranty  Gold is an online  provider  of extended
warranties for cars, trucks, or sport utility vehicles.  Warranty Gold, pursuant
to the  agreement,  granted  the  Company a limited,  non-exclusive  world-wide,
royalty free right and license to use the  Warranty  Gold trade name and service
marks for the purpose of  advertising,  marketing and promoting  Warranty Gold's
content  on the  carsunlimited.com  Internet  Web site.  Likewise,  the  Company
granted  similar  rights  for  Warranty  Gold to promote  the  carsunlimited.com
content on the Warrant Gold Internet Web site. The term of such agreement is for
a period of one year.  For contracts of Warranty  Gold sold by the Company,  the
Company will receive $100 for the first 25 contracts;  $125 per contract for the
next 25 contracts  and $150 per contract for every  contract  above 50 which was
obtained by the Company.

Results of operations for the Fiscal Year Ended December 31, 2001

     The Company's revenues for the year ended 2001 were $127,711 as compared to
the ten months  ended  December  31, 2000 (since  inception on March 7, 2000) of
$136,845,  a decrease of $9,134 for the period. The Company's revenues decreased
by 7%. Revenues are made up of commissions the Company earned on the products it
sells. The Company has no cost of goods sold.

     The Company had no research and  development  cost for either  fiscal years
ended on December 31, 2000 or 2001.

     Salaries and related costs increased form $127,372 for 2000 to $140,535 for
2001, an increase of $13,163  (10%).  The salaries for 2000 were for a period of
ten months as compared to the full year salaries for 2001.

     Professional  fees  decreased  from  $386,588 in 2000 to $13,410 in 2001, a
decrease of $373,178  (97%).  The amount of  professional  fees paid in 2000 was
primarily  attributable  to the Company's  cost of  registering  and financing a
public company for listing on the NASD OTC Bulletin Board.

     The Company paid sales  commissions in the amount of $27,701 for the fiscal
year ended  December 31, 2001 as compared to the year ended December 31, 2000 of
$43,797,  a decrease of $16,096 or 37%.  The Company  used fewer  outside  sales
persons in 2001.

     General and Administrative Expenses.  Marketing, general and administrative
expenses  decreased  from  $144,502  for the year 2000 to $103,348  for the year
2001,a  decrease of $41,725 or 28%. The primary reason for such decrease was the
Company's reduced level of operations in 2001.

     Total  operating  expenses  decreased  from  $702,259  in the year  2000 to
$319,994  in the year 2001,  a decrease  of  $382,265  or 54%.  The  decrease in
operating expenses was primarily attributed to the decrease in professional fees
incurred to start the Company.

     The  operating  loss for the year 2001 was $192,233 as compared to the year
2000, which was $565,268, a decrease in the loss of $412,656 or 73%.

Due to losses  incurred in the past two years and a shortage in working  capital
of $175,190,  the Company is  considering  selling the  Company,  as a reporting
trading  company.  On April 8, 2002, the Company  entered into an agreement with
Constellation  Partners,  on a non-exclusive basis, to attempt to locate a buyer
for the  sale or  acquisition  of the  Company.  Should  Constellation  Partners
provide a satisfactory candidate, Constellation Partners will be paid a one time
pre-set  finder's  fee of 10% of the  amount  received  by the  Company  plus an
additional  $10,000  and 10% of the common  stock then  retained  by the selling
security  holders.  The Company can give no assurance that a transaction will be
consummated through the introductions made by Constellation Partners. Mr. Genova
and the other  officers and  directors of the Company have entered into a letter
of intent  and are in the  process  of  negotiating  the sale of their  personal
common stock to sell an approximate  aggregate amount of 21,000,0000  shares. As
such, if the proposed transaction should be finalized,  (i) the purchasers would
obtain a majority  control of the Company's common stock and (ii) as part of the
negotiations, may become directors of the Company and (iii) the Company may sell
its Internet Web based business to Mr. Genova. The Comapny can give no assurance
that a transaction of any sort will be finalized or what the final terms of such
transaction may be.

Financial Condition

     As of December 31,2001,  cash totaled $867 as compared to $1977 at December
31,2000.  Cash used by  operating  activities  was $1,110 in 2001 as compared to
$182,895 in 2000.  Net working  capital  deficit of the company was  $176,190 in
2001 as compared to $53,718 in 2000.

     Cash used for investing  activities  in 2000 was $9,678,  which was for the
purchase of furniture and equipment. Financing activities provided $194,550 from
the issuance of common stock in the year 2000.  The Company  wrote down the cost
of equipment by $6,366 due to  impairment  of the expected  future cash flows of
the equipment, in 2001.


Other:

Except for  historical  information  contained in this  Report,  the matters set
forth  above are  forward-looking  statements  that  involve  certain  risks and
uncertainties  that  could  cause  actual  results  to differ  from those in the
forward-looking  statements.  Investors  are directed to  consider,  among other
items, the risks and  uncertainties  discussed in documents filed by us with the
Securities and Exchange Commission.



ITEM 9.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND
     FINANCIAL DISCLOSURE

On April 21, 2002, the Company was notified that Van Buren & Hauke, LLC would no
longer be the  auditor  for the  Registrant.  On April  21,  2002,  the  Company
appointed the accounting  firm of Bloom & Co., LLP, as the Company's new outside
auditors.  The Board had  determined  that the Company's  requirements  would be
better  served by auditors who are situated in close  proximity to the Company's
management  office  and,  based on a review  of  several  accounting  firms,  we
selected Bloom & Co., LLP, which has public company and auditing experience.

The auditors'  report from Van Buren & Hauke,  LLC for the period from inception
on March  7,2000 to December  31, 2000 was  unqualified.  Howevers  the opinions
contained  an  explanatory   paragraph  expressing   uncertainty  regarding  the
continuation of the Company as a going concern.

     During the Company's most recent fiscal year, from inception on March 7,
2000 to December  31, 2000 and the  subsequent  interim  periods  preceding  the
change,  there  have been no  disagreements  with Van Buren & Hauke,  LLC on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure.

     Prior to engaging  Bloom & Co., LLP, the Company  consulted  with Bloom and
Co.,  LLP as to  its  qualifications,  experiences  and  ability  to  audit  the
Company's  financial  statements.  The Company and Bloom & Co., LLP did not have
substantive  discussions regarding the application of accounting principles to a
specified transaction, either complete or proposed, or the type of audit opinion
that might be rendered on the registrant's financial statements and there are no
reports  nor written or oral advice  provided  by the new  accountants'  used in
deciding to retain Bloom & Co., LLP. Further, as noted, there was no matter that
was  the  subject  of a  disagreement  as  described  in Item  304(a)(1)(iv)  of
Regulation S-K, promulgated by the Securities and Exchange Commission.


                                    PART III


ITEM 10.  DIRECTORS,   EXECUTIVE   OFFICERS,   PROMOTERS  AND  CONTROL  PERSONS;
     COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT OF THE REGISTRANT


     Our Bylaws  provide  that we shall have a minimum  of one  director  on the
board at any one time.  Vacancies are filled by a majority vote of the remaining
directors  then in office.  The directors and executive  officers of the Company
are as follows:

NAME  AND  ADDRESS               AGE     POSITIONS  HELD
                                 ---     ---------------
ANTHONY  J.  GENOVA,  JR          42     Director,  President  &  CEO

LAWRENCE  GENOVA                  45     Director

MICHAEL  MAKROPOULOS              43     Director

JOSEPH  ("SKIP")  MARKS           46     Director/VP  of  Internet  Marketing
                                           Development

WILLIAM  QUINN                    53     Director/Treasurer,  Secretary


     The above named  directors will serve as the director until our next annual
shareholder  meeting to be held within six months of our fiscal  year's close or
until a successor is elected who accepts the position. Directors are elected for
one-year terms.

ANTHONY J. GENOVA, JR.

     Mr.  Genova has 21 years  experience  in the  automobile  industry  and the
banking  business.  He has been employed  with Chemical Bank and Marine  Midland
Bank. His banking experience includes sales, wholesale,  credit and collections.
Mr. Genova also has extensive experience in the Automotive Dealership area where
he was General  Manager,  Finance  and  Insurance  Manager.  He has also been an
independent   representative   for  dealer  sales  involving   extended  service
contracts,  finance,  and insurance  training.  Anthony Genova is the brother of
Lawrence Genova.

LAWRENCE  GENOVA

     Mr. Genova has been in the information services profession for 20 years. He
currently is a software  architect and engineer for North Shore Health  Systems.
Mr. Genova has a strong technical background in UNIX,  NT/98/95,  Cisco routers,
Novell  as well  as  mainframe  and  mini  computer  installations.  Mr.  Genova
currently consults in large multi-platform computer centers.  Lawrence Genova is
the brother of Anthony Genova.

WILLIAM F. QUINN

     Mr. Quinn has been a CPA for twenty five years. He has extensive experience
in financial  controls  and  management.  Mr. Quinn is a graduate of  Providence
College, Rhode Island.




JOSEPH "SKIP" MARKS

     After receiving a BS in Engineering  from the Colorado School of Mines, Mr.
Marks began his  professional  development  at Nalco  Chemical  Company and then
Schlumberger.   After  holding  several  management  positions  including  Sales
Manager, Regional Operations Manager, and National Business Development Manager,
he moved to Marketing  Manager,  North  America for the $250 Million  Production
Services line for Schlumberger.  While in this position,  he developed  Intranet
and Internet  Sales and  technology  transfer  strategies  and  coordinated  all
marketing   activities   including  product   development,   product  roll-outs,
advertising and R and D input. Currently, he is Chairman of MaxVentures, Inc. an
Internet  business  construction  company.  This  company  focuses on  formative
stage-business   opportunities  by  supplying  strategic   direction,   business
preparation, web and software architecture,  valuation,  financial forecasts and
sales and marketing strategies. Mr. Marks has U.S. and International Patents, is
nationally  published,  and has an MBA in  Finance  and  Marketing  from  Tulane
University. Mr. Marks and Mr. Makropoulos are brothers.

MICHAEL MAKROPOULOS

     Mr. Makropoulos contributes more than 22 years of high-tech experience. Mr.
Makropolous   successfully   established  Pan-Kurta  European  distribution  and
operations  in the United  Kingdom and Belgium for Kurta Corp. a major  computer
peripherals  manufacturer.  More  recently,  he was  responsible  for  sales and
channel development for a division of Xerox. Presently, Michael is Vice-Chairman
of MaxVentures,  an Internet business construction firm. This company focuses on
emerging  and second stage  e-businesses  opportunities  by supplying  strategic
direction,  business  preparation,  web and  software  architecture,  valuation,
financial  forecasts  and sales and marketing  strategies.  In addition to being
nationally published, he actively participates,  speaks and panels for the World
Computer Law Congress and the Software Publishers Association. Mr. Marks and Mr.
Makropoulos are brothers.


(b)  Significant Employees.

     Other than the  officers  and  directors,  there are no  employees  who are
expected to make a significant contribution to our corporation.

(c)  Family Relationships.

     Lawrence Genova, a director,  is the brother of Anthony J. Genova, Jr., the
Company's President, CEO and a director.

     Two  of the  Company's  directors,  Mr.  Marks  and  Mr.  Makropoulos,  are
brothers.


(d)  Legal Proceedings.

     We are not aware of any  material  legal  proceedings  that  have  occurred
within the past five years concerning any director, director nominee, or control
person which involved a criminal conviction,  a pending criminal  proceeding,  a
pending  or  concluded   administrative  or  civil  proceeding   limiting  one's
participation  in  the  securities  or  banking  industries,  or  a  finding  of
securities or commodities law violations.

ITEM 11. EXECUTIVE COMPENSATION

Summary Compensation Table

     The following table sets forth summary information concerning  compensation
awarded to, earned by or paid to Anthony J. Genova,  Jr., our Chairman and Chief
Executive  Officer,  for the year ended December 31, 2001. The "named  executive
officer" received  perquisites and other personal benefits in addition to salary
and bonus during the periods stated.  Our president did not receive a salary and
cash bonus in excess of $100,000  for  services  rendered  during  those  fiscal
years.

                           SUMMARY COMPENSATION TABLE
                             Long-Term Compensation
                          -----------------------------
         Annual  Compensation         Awards        Payouts
        ---------------------         ------        -------
Name  and                             Restricted
Principal                             Stock
Position(s)        Year    Salary($)  Bonus($)    Other($)    Awards(#  shares)
                                                 Compensation

Anthony  Genova    2001    $124,000*
                   2000     $82,000

(*)  Through  December 31, 2001,  Anthony J. Genova,  Jr.  earned  approximately
     $124,000 of which $114,195 is accrued.




Employment Agreements.

     We  currently  have no written  employment  agreements  with any of our key
officers and directors.

OPTION GRANTS IN FISCAL YEAR 2001

     We have not granted any options to our  officers or  directors  to purchase
shares of our common stock for the fiscal year ended December 31, 2001.


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following  table sets forth certain  information as of the date of this
Report  regarding the  beneficial  ownership of our common stock held by each of
our executive  officers and directors,  individually  and as a group and by each
person who beneficially owns in excess of five percent of the common stock.

     The number of shares of common stock  beneficially  owned by each person or
entity is determined under the rules  promulgated by the SEC. Under those rules,
beneficial  ownership  includes  any shares as to which the person or entity has
sole or shared voting power or investment  power and shares which that person or
entity has the right to acquire  within  sixty days after  April 30,  2002.  The
inclusion  in this  section of any  shares  deemed  beneficially  owned does not
constitute an admission by that person of beneficial ownership of those shares.

                             Number  of  shares  of         Percent  of
                             common  stock                  common  stock
                             beneficially                   beneficially
Name  of                     owned  or  right               owned  or  right
Beneficial  Owner            to  direct  vote(1)            to direct vote (1)
-------------------        -----------------------         -----------------

Anthony J. Genova, Jr.,
  President  &  Director         16,086,000                        60.6%

Paul  Greco  Family                 735,000(2)                     2.77%
  Ltd.  Partnership

The  Greco  Family  Ltd.(2)         735,000(2)                     2.77%
  Partnership

Michael  Makroplous, (3)
Director                            450,000                        1.69%

Joseph  Marks,(3)
Director                          4,450,000                       16.77%

William  Quinn,  Secretary          300,000                        1.13%
  &  Treasurer

Lawrence  Genova                    150,000                        (*)
Director

Officers and Directors as        21,436,000                       80.7%
a group (5 persons)




(*) Represents less than 1% of our outstanding common stock.

(1)  Such  figures are based upon  26,530,000  shares of our common stock issued
     and  outstanding as of April 30, 2002. Such figure includes an aggregate of
     2,550,000 shares of our common stock authorized for issuance.  These shares
     have not yet been physically delivered to their respective shareholders due
     to the  Company's  inability  to make  payment  to its  transfer  agent  on
     outstanding  invoices.  Except as otherwise noted in these  footnotes,  the
     nature of beneficial  ownership  for shares  reported in this table is sole
     voting and investment power.

(2)  Such shares have been  authorized for issurance,  have not been  physically
     delivered  have been  included in the Company's  calculation  of 26,530,000
     shares of common stock  outstanding.  Such shares are subject to a leak out
     provision  of 10% per month.  The  aggregate  number of shares owned by the
     group,  comprised of the Paul Greco Family Ltd.  Partnership  and The Greco
     Family Ltd. Partnership is 5.7% of our common stock outstanding.

(3)  Michael Makroplous and Joseph Marks are brothers.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     Lawrence Genova, brother of Anthony J. Genova, Jr., the Company's President
and a director,  provided computer related services to the Company.  The Company
has valued said  services at $5,000 and on June 9, 2000 the  Company,  in return
for said  services,  the Company sold to Lawrence  Genova  100,000 shares of the
Company's common stock, at a par value of $.001, for a total of $100.

     Mr. Genova and the other officers and directors of the Company have entered
into a letter of intent and are in the process of negotiating  the sale of their
personal  common stock to sell an  approximate  aggregate  amount of 21,000,0000
shares. As such, if the proposed transaction should be finalized, the purchasers
would obtain a majority  control of the  Company's  common stock and, as part of
the negotiations, may become directors of the Company.

     Michael Makroplous and Joseph Marks are brothers.

     On July 20, 2001 Mr.  Genova  transferred  shares of common stock to Joseph
Marks as  consideration  for Mr.  Marks'  ongoing  commitment  to the Company in
connection with Internet engineering and assisting the Company in its process of
becoming listed on the OTC Bulletin Board.




                                     PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a)  The  following  documents  are filed as part of this Annual  Report on Form
     10-KSB:

(1)  Financial Statements

(2)  Exhibits


Exhibit  No.                            Description
-----------                             -----------


3.1  Articles  of  Incorporation  of  Carsunlimited.com,  Inc.  filed  with  the
     Commission  on August  14,  2000 as an Exhibit  to the  Company's  Form SB2
     registration statement

3.3  By-Laws of Carsunlimited.com,  Inc. filed with the Commission on August 14,
     2000 as an Exhibit to the Company's Form SB2 registration statement

10.1 Agreement dated July 28, 2000, by and between Carsunlimited.com, Inc., Paul
     Greco  Family Ltd.,  Partnership,  The Greco  Family Ltd,  Partnership  and
     Nicholas  Boscia.  filed with the Commission on May 9, 2001 as Exhibit 10.1
     to the Company's Form SB2/A registration statement.

23.1 Consent of Van Buren & Hauke, LLC


(b) Reports on Form 8-K

There were no reports  filed on a Form 8-K for the fourth  quarter of the fiscal
year ended December 31, 2001.




                                   SIGNATURES

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

Dated: May 2, 2002

                                            CARSUNLIMITED.COM, INC.
                                            /s/ Anthony J. Genova, Jr.
                                             ---------------------
                                            By:  Anthony  J.  Genova,  Jr.,
                                            President,  CEO  &  Director
                                            Principal Executive Officer and
                                            Principal Accounting Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
in the capacities and on the dates indicated.

Dated: May 2, 2002


     /s/ Anthony J. Genova, Jr.
      ---------------------
     By:  Anthony  J.  Genova,  Jr.,
     President,  CEO  &  Director

     /s/ William Quinn
      ----------------------
     By:  William  Quinn,  Secretary,
     Treasurer  &  Director

     /s/ Joseph Marks
      ----------------------
     By:  Joseph  Marks,  Vice-President
     &  Director

     /s/ Michael Makropolous
      ----------------------
     By:  Michael  Makropolous,  Director

     /s/ Lawrence Genova
     ----------------------
     By:  Lawrence  Genova,  Director











                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

       FOR THE PERIOD FROM MARCH 7, 2000 (INCEPTION) TO DECEMBER 31, 2000




                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                                TABLE OF CONTENTS


                                                                      PAGE NO.
                                                                      ---------
INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS' REPORT                      1

FINANCIAL STATEMENTS
  Balance Sheet                                                       2
  Statement of Operations                                             3
  Statement of Cash Flows                                             4
  Statement  of  Changes  in  Stockholders'  (Deficit)                5
  Notes  to  the  Financial  Statements                               6-9






                INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS' REPORT


                          Van Buren & Hauke, LLC, CPA's
                       63 Wall Street, New York, NY 10005
                            212-344-3600 (Telephone)
                            212-344-3834 (Facsimile)


To  the     Shareholders  of
CARSUNLIMITED.COM,  INC.

We have audited the  accompanying  balance sheet of  CARSUNLIMITED.COM,  INC. (A
Development  Stage  Company)  (Company) at December  31,  2000,  and the related
statements of operations,  cash flows and changes in  stockholders'  equity from
March 7, 2000 (inception) to December 31, 2000.  These financial  statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audit.

We conducted  our audit in  accordance  with U.S.  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 Carsunlimited.com,  Inc. as of
December  31,  2000,  and the results of its  operations  and cash flows for the
period March 7, 2000  (inception)  to December 31, 2000 in conformity  with U.S.
generally accepted accounting principles.

The   accompanying    financial   statements   have   been   prepared   assuming
CARSUNLIMITED.COM, INC. will continue as a going concern. As discussed in Note 3
to the financial statements,  the Company is a development stage company without
a substantial,  continuing  source of revenue,  nominal assets,  and has working
capital and  stockholders'  deficits,  which raises  substantial doubt about its
ability to continue as a going  concern.  Management's  plans in regard to these
matters are also  described in Note 3. The  financial  statements do not include
any adjustments that might result from the outcome of this uncertainty.



/s/  Van  Buren  &  Hauke  LLC
Certified  Public  Accountants
New  York,  NY
February  3,  2001


                          Independent Auditors' Report

To the Board of Directors and Shareholders of CarsUnlimited.Com, Inc.

We   have   audited   the   accompanying    consolidated    balance   sheet   of
CarsUnlimited.com, Inc. (a development stage enterprise) as of December 31, 2001
and the related consolidated statements of operations, stockholders' deficit and
cash flows for the year ended December 31, 2001. These financial  statements are
the responsibility of CarsUnlimited.com,  Inc.'s management.  Our responsibility
is to express an opinion on these financial  statements  based on our audit. The
consolidated financial statements of CarsUnlimited.com,  Inc. as of December 31,
2000 and for the period from March 7, 2000 (inception) to December 31, 2000 were
audited by other  auditors  whose  report  dated  February 3, 2001  expressed an
unqualified  opinion on those  financial  statements and included an explanatory
paragraph  regarding the Company's  ability to continue as a going concern.  The
financial  statements for the period from inception  (March 7, 2000) to December
31, 2000 reflect a net loss of $(53,718).  Our opinion, insofar as it relates to
the amounts  included  for such prior  period,  is based solely on the report of
such other auditors.

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  general-purpose  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  general-purpose
financial  statement  presentation.   We  believe  that  our  audit  provides  a
reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material respects,  the financial position of  CarsUnlimited.com,
Inc. as of December  31,  2001 and the  results of its  operations  and its cash
flows for the year then ended in conformity with generally  accepted  accounting
principles.

The accompanying  consolidated  financial statements have been prepared assuming
that  CarsUnlimited.com,  Inc. will continue as a going concern. As discussed in
Note 2 to the  financial  statements,  CarsUnlimited.com,  Inc. is a development
stage Company that has suffered  recurring  losses from operations and has a net
capital  deficiency that raises  substantial doubt about its ability to continue
as a going  concern.  Management's  plans in  regard to these  matters  are also
described in Note 3. The  financial  statements  do not include any  adjustments
that might result from the outcome of this uncertainty.



Bloom and Company, LLP
Hempstead, New York
May 1, 2002

                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                                   DECEMBER 31
                                                2001                2000
ASSETS
Cash                                        $    867           $   1,977
Commissions receivable                            --               9,006
                                                ----             -------

Total Current Assets                             867              10,983
Equipment and furniture, net                     358               9,113
Security deposits                                322               1,522
                                               -----             -------

Total Assets                                $  1,547            $ 21,618
                                              ======             =======

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Account payable and accrued expenses       $  62,862           $  59,925
Salaries payable                             114,195              15,411
                                            --------             -------
Total Current Liabilities                    177,057              75,336

Stockholders' (Deficit):
Common stock, $0.001 par value;
 50,000,000 shares Authorized and
 26,530,000 and25,500,000 shares
 Issued and outstanding, on
  December 31, 2001 And 2000.                 26,525              25,500

Additional paid-in capital                   555,666             486,250
(Less) subscriptions receivable             (    200)           (    200)
(Deficit) accumulated during the
 development stage                          (757,501)           (565,268)
                                             -------             -------

Total Stockholders' (Deficit)               (175,510)          (  53,718)
                                             -------            --------
Total Liabilities and
   Stockholders' (Deficit)                 $   1,547           $  21,618
                                            ========            ========

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



                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
       FOR THE PERIOD FROM MARCH 7, 2000  (INCEPTION) TO DECEMBER 31, 2001

                                                                     Inception
                                                    March 7 to       March 7 to
                                 December 31,      December 31,     December 31,
                                    2001               2000             2001
                                 ------------      -----------      -----------
Revenues:
Sales Commissions                  127,711          $ 136,845       $ 264,556
                                   -------            -------        --------

Total Revenues                     127,711            136,845         264,556

Operating expenses:
Costs and Expenses:
Salaries and related taxes         140,535            127,372         267,907
Professional fees                   13,410            386,588         399,998
Commissions                         27,701             43,797          71,498
Marketing, general, and
   administrative                  138,348            144,502         282,850
                                   -------            -------         -------

Total operating expenses           319,994            702,259       1,022,253
                                   -------            -------       ---------

 Operating loss                   (192,283)          (565,414)       (757,697)

Other income or (expense)
Interest income                         50                146             192
                                   -------            -------         -------

Net (Loss)                    $   (192,233)        $ (565,268)       (757,505)


Net (loss) per common share         $ (.01)           $ (0.03)         $ (.03)

Weighted average common shares   25,556,164         22,258,344       25,204,125


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



                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
       FOR THE PERIOD FROM MARCH 7, 2000 (INCEPTION) TO DECEMBER 31, 2001

Cash Flows From Operating Activities:
Net (loss)                                          $(192,233)       $ (565,268)
Adjustments to Reconcile Net (Loss) to Net Cash
    (Used) by Operating Activities:
Depreciation and amortization                           2,388               565
Write down of fixed assets                              6,367                --
Stock issued for services                              10,350           317,000
Services provided for donated shares                   40,000                --
Decrease (Increase) in commissions receivable           9,006          (  9,006)
Increase in accounts payable and accrued expenses       2,937            59,925
Increase in salaries payable - officer                118,875            15,411
(Increase) in security deposits                         1,200          (  1,522)

Net Cash (Used) by Operating Activities                (1,110)         (182,895)

Cash Flows From Investing Activities:
Purchase equipment                                                     (  9,678)

Cash Flows (Used) by Investing Activities                              (  9,678)

Cash Flows From Financing Activities:
Issue common stock for cash                                             194,550

Cash Flows Provided by Financing Activities                             194,550

Net increase in cash                                   (1,110)            1,977
Cash at beginning of period                             1,977                --
                                                       ------            ------
Cash at end of period                                 $   867          $  1,977
                                                       ======           =======

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


                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
       FOR THE PERIOD FROM MARCH 7, 2000 (INCEPTION) TO DECEMBER 31, 2001


                                                           Inception
                                                           March 07 to
                                                           December, 2001
Cash Flows From Operating Activities:
Net (loss)                                                $  (717,501)

Adjustments to Reconcile Net (Loss) to Net Cash
    (Used) by Operating Activities:
Depreciation and amortization                                   2,953
Write down of fixed assets                                      6,367
Stock issued for services                                     327,350
Services provided for donated shares
Decrease (Increase) in commissions receivable                      --
Increase in accounts payable and accrued expenses              62,862
Increase in salaries payable - officer                        134,286
(Increase) in security deposits                             (     322)

Net Cash (Used) by Operating Activities                     ( 184,005)

Cash Flows From Investing Activities:
Purchase equipment                                          (   9,678)

Cash Flows (Used) by Investing Activities                   (   9,678)

Cash Flows From Financing Activities:
Issue common stock for cash                                   194,550

Cash Flows Provided by Financing Activities                   194,550

Net increase in cash                                              867
Cash at beginning of period                                   -------

Cash at end of period                                     $       867
                                                              =======

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


SUPPLEMENTARY SCHEDULE OF NONCASH TRANSACTIONS

1.   The  Company's  principal  shareholder  and  officer  exchanged  $20,090 of
     salaries  receivable  for the Company's  subscription  receivable  from the
     founders of the same amount.

2.   The Company's  principal  shareholder  donated 4,000,000  restricted shares
     valued at $40,000 to obtain internet  engineering  and marketing  services.
     The shares were valued at $0.01 per share,  approximately 50% of the market
     price of the unrestricted shares.



                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT)
        FOR THE PERIOD FROM MARCH 7, 2000 (INCEPTION) TO DECEMBER 31,2001


                                     Stock          Value       Paid-in Capital


The period from March 7, 2000
   to December 31, 2001

Shares issued for cash            2,239,000        $ 2,239        $ 192,511
Shares issued for
   services                       3,170,000          3,170          313,830


Founders stock                   20,091,000         20,091               --

Net (loss)                               --             --               --
(Less)subscriptions
  receivable                             --             --               --
                                 ----------         ------        ---------

Balance, December 31,
    2000                         25,500,000        $25,500         $506,341

Shares issued for
   Services                      1, 025,000          1,025           10,325
Subscription collected                   --             --               --
Capital contribution                     --             --           40,000
Net loss                                 --             --               --
                                 ----------        -------         --------
Balance, December 31,
    2001                       $ 26,525,000        $26,525         $556,666
                                ===========         ======          =======


                             CARSUNLIMITED.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT)
        FOR THE PERIOD FROM MARCH 7, 2000 (INCEPTION) TO DECEMBER 31,2001

                                                          (Deficit)
                                                        Accumulated
                                                          During
                                     Subscription       Development
                                      Receivable          Stage        Total


The period from March 7, 2000
   to December 31, 2001

Shares issued for cash              $     --           $    --        $194,750

Shares issued for
   services                               --                --         317,000


Founders stock                       (20,091)               --        ( 20,091)

Net (loss)                                --          (565,268)       (565,268)
(Less) subscriptions
    receivable                     (     200)               --      (      200)
                                    --------          --------       ---------

Balance, December 31,
    2000                             (20,291)        $(565,268)    $(   53,718)

Shares issued for
   Services                               --                --          10,350
Subscription collected                20,091                --          20,091
Capital contribution                      --                --          40,000
Net loss                                  --          (192,233)       (192,233)
                                      ------          --------         -------
Balance, December 31,
    2001                         $(     200)        $ (717,501)      $(175,510)
                                    =======           ========        ========



NOTE 1. NATURE OF OPERATIONS

CARSUNLIMITED.COM, INC. (The Company) was formed in Nevada on March 7, 2000. The
Company is a development stage company with limited  operations and revenues and
only nominal  assets.  The  Company's  initial  purpose was to offer clients the
ability to search a database that contained  products and information  about the
Automobile  Industry,  new and  used  car  sales  (classified  ads),  as well as
automotive  products such as extended  warranty  information and anti-theft body
part marking.  Since  December 1, 2001,  the Company has sought a merger partner
who will benefit from the  Company's  access to capital  markets and provide the
Company with profitable operations.


NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

USE OF ESTIMATES

Estimates and Assumptions

The  preparation  of financial  statements,  in  conformity  with the  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.

Revenue Recognition Sales Commissions

Sales  commissions are recognized in the period in which they are earned,  using
the accrual  basis of  accounting.  Sales  commissions  are earned as a % of the
total fee charged the customer at the time of the completion of the sale for the
particular type of automotive product.

COMMISSIONS RECEIVABLE

Commissions   receivable  represent  the  Company's  commissions  for  sales  of
automotive  products  (extended  warranties,   GAP  insurance  and  other  lease
products) through  automobile  dealers  (dealers).  These dealers have agreed to
market the  Company's  automotive  products  directly to their  customers and to
collect the fees and costs.  The Company is responsible for servicing the dealer
and  transmitting  the checks to a third party  administrator.  No provision for
uncollectibles has been recorded as the Company believes none is necessary.

ADVERTISING AND INTERNET MARKETING

In May, the Company entered into a celebrity  endorsement  agreement wherein the
celebrity  has  agreed to serve as a Company  spokesperson  and to  endorse  the
Company's  products  and  services.  The  Company  has  expensed  the full  cost
($25,000) of the agreement.  The celebrity was  compensated in cash ($5,000) and
the fair value  ($0.10 per share or $20,000) of the stock  offered to him at par
value.  The $25,000 has been included in advertising  and Internet  marketing in
the statement of operations.

EQUIPMENT AND FURNITURE

Equipment  and  furniture  is  stated at cost.  Depreciation  is  recorded  on a
straight-line basis over the estimated useful lives of 5 years. The depreciation
expense for 2001 and 2000 were $2,388 and $565, respectively.

The Company  follows the  provisions  of the  Statement of Financial  Accounting
Standards  ("SFAS") No. 121 "Accounting for the Impairment of Long-Lived  Assets
and for Long-Lived  Assets to be disposed of". SFAS 121  establishes  accounting
standards  for the  impairment  of  long-lived  assets and certain  identifiable
intangibles  to  be  held  and  used  and  for  long-lived  assets  and  certain
identifiable intangibles to be disposed of.

The Company  reviews the  carrying  values of its  long-lived  and  identifiable
intangible  assets  for  possible  impairment  whenever  events  or  changes  in
circumstances  indicate  that  the  carrying  amount  of the  assets  may not be
recoverable. In 2001, the Company wrote down the fixed assets by $6,367, because
of the impairment.

WEBSITE

Website  development  consists  of fees and  costs in  designing  the  Company's
website.  The cost of this  development  has been  expensed  and is  included in
start-up expenses. Maintenance costs will be charged to expense as incurred.

COSTS ASSOCIATED WITH RAISING CAPITAL

The Company has recorded  the fees paid to  consultants,  accountant,  and other
professionals  for  assistance  in raising funds as a charge to the statement of
operations. These fees and costs were paid primarily in common stock recorded at
its fair value of $0.10 per share as determined by management.

COMMON STOCK

The Company  offered 389,000 shares at $0.10 per share through a promissory note
wherein the Company  received the proceeds of the notes and in return  agreed to
issue the shares upon the note holder  completing a subscription  agreement from
the PPM. Through December 31, 2000, the Company collected $38,900 in cash.

The Company intended to raise $1,500,000 by offering  1,500,000 units at a price
of $0.10 per unit,  each unit  consisting of one share of common stock valued at
$0.10 per share and an option to purchase  three  warrants  exercisable at $0.30
per  warrant.   The  Private  Placement   Offering  (PPM)  was  offered  without
registration  under the Securities  Act of 1933 or under the securities  laws of
any state.  Through  December 31, 2000, the Company raised $150,000 in the first
round of  financing  and  expected to have the  warrants  exercised at $0.30 per
warrant in the coming year. These warrants were not exercised and expired.

In 2000,  the  Company  has  issued  3,170,000  shares of its  common  stock for
services and valued all of the  issuances  at fair value of $0.10 per share,  as
determined by management , for a total of $317,000.  Of this total, $140,000 was
for the services of officers and directors,  $20,000 for  advertising  under the
celebrity endorsement  agreement,  and $152,000 for fees associated with raising
equity and $5,000 in computer services.

In 2001, the Company issued 1,025,000 restricted shares for consulting services.
These Shares were valued at approximately  $0.01,  which  represented 50% of the
market Price of unrestricted shares, at the time of issue.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Substantially  all of the Company's  assets and  liabilities are carried at fair
value or contracted amounts , which approximate fair value.

(LOSS) PER COMMON SHARE

Net (loss) per common  share is based on the weighted  average of common  shares
outstanding during the period.

RECLASSIFICATIONS

Reclassifications  of certain  prior year  amounts  have been made to conform to
current year presentation.


NOTE 3. INCOME TAXES

The Company has a net operating loss (NOL) carryforward as follows:

                       Expiration                                 Estimated
Year                     Date                    Amount           Tax Asset

 2000                     2020                  (565,268)         $197,800
 2001                     2021                  (152,562)           53,400
                                                --------           -------

                                                                   251,200
Less Valuation allowance                                          (251,200)
                                                                   -------
                                                                        --
                                                                   =======

The statutory tax rate of the Company is  approximately  35%. No tax benefit has
been reported in the financial statements. The potential tax benefits of the net
operating loss  carryforwards are completely offset by a valuation  allowance of
the same  amount  because it is more  likely  than not that the  Company may not
realize future taxable income.

NOTE 4. GOING CONCERN

The  Company  is  a  development  stage  company  with  limited  operations,  no
substantial,  continuing  source of revenues,  only nominal assets,  and working
capital and  stockholders'  deficits.  The Company's  intended  operations  will
require  substantial  capital and until  revenues are sufficient to fund ongoing
operations,  the  Company  will be  highly  dependent  on  external  sources  of
financing and opportunity to find a suitable  operating entity.  The Company has
no internal  sources of  liquidity  and does not expect to generate any positive
cash flows in the immediate  future.  These conditions raise  substantial  doubt
about its ability to continue as a going concern.

NOTE 5. LEASES

The Company had signed a 3-year lease for office space  commencing April 1, 2000
through March 31, 2003. The rental  expenses were $12,000 and $14,400,  for 2001
and 2000, respectively.  In October 2001, the Company and the landlord agreed to
convert the lease to month-to-month basis, at a rate of $400 per month.

NOTE 5 - RELATED PARTY TRANSACTIONS

Transactions with Management

The  Company  has  agreed to  certain  transactions  with  Anthony  Genova,  the
Company's President, Chief Operating Officer, Chairman of the Board and majority
shareholder. Such transactions are described below:

On July 23, 2001,  President Anthony Genova agreed to transfer  4,000,000 shares
to Mr. Joseph marks, Vice President of the Company,  for internet services.  Mr.
Joseph Marks had provided  internet  marketing and  engineering  services to the
Company since  inception.  This transfer was approved by the Board of Directors,
with unanimous written consent, on December 14, 2001.


NOTE 6. SUBSEQUENT EVENT

The principal shareholders of the Company have been negotiating a Stock purchase
agreement  to sell their shares to a new  controlling  group.  The  agreement is
expected to require the new  controlling  group to acquire an operating  company
with minimum  revenues of $2,500,000.  As a part of the planned  agreement,  the
Company's  president plans to forgive  accrued  salaries of $114,195 and receive
all rights to the Company Website and related dealer direct services.


EXHIBIT 23.1 CONSENT OF CERTIFIED PUBLIC ACCOUNTANTS

We consent to the  incorporation  by  reference  in this  Annual  Report on Form
10-KSB of CarsUnlimited.Com,Inc.  of our report dated February 03, 2001 included
in the Annual Report to Stockholders of  CarsUnlimited.Com,  Inc. for the Period
from March 07,2000 (inception) to December 31,2000.


/s/  Van  Buren  &  Hauke  LLC
Certified  Public  Accountants
New  York,  NY
May 03,2002

                     CONSENT OF CERTIFIED PUBLIC ACCOUNTANT



We consent to the  incorporation  by  reference  in this  Annual  Report on Form
10-K-SB of  CarsUnlimited.com,  Inc. of our report dated May 1, 2002 included in
the Annual Report to Stockholders of CarsUnlimited.com, Inc.



Bloom and Company
s/Bloom and Company
Hempstead, New York
May 1, 2002