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

                                   FORM 10-KSB/A

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

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

                       Commission File Number:  333-85460

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

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

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

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

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

                                      NONE

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

                         COMMON STOCK, $0.001 PAR VALUE

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

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

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

Documents  Incorporated  by  Reference:  None.

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


<PAGE>

<TABLE>
<CAPTION>


                                          FORM 10-KSB
                                  SHORESIDE INVESTMENTS, INC.
                                             INDEX

                                                                                           Page
<S>       <C>                                                                              <C>

PART I .  Item 1.  Description of Business                                                    3

          Item 2.  Description of Property                                                    7

          Item 3.  Legal Proceedings                                                          9

          Item 4.  Submission of Matters to a Vote of Security Holders                        9

PART II.  Item 5.  Market for Common Equity and Related Stockholder Matters                   9

          Item 6.  Management's Discussion and Analysis or Plan of Operation                  9

          Item 7.  Financial Statements                                                      14

          Item 8.  Changes In and Disagreements with Accountants on Accounting and
          Financial Disclosure                                                               14

PART III  Item 9.  Directors, Executive Officers, Promoters and Control Persons; Compliance
          with Section 16(a) of the Exchange Act                                             14

          Item 10.  Executive Compensation                                                   15

          Item 11.  Security Ownership of Certain Beneficial Owners and Management           15

          Item 12.  Certain Relationships and Related Transactions                           16

          Item 13.  Exhibits and Reports on Form 8-K                                         16

          Item 14.  Controls and Procedures                                                  17

          Signatures                                                                         17
</TABLE>

(Inapplicable  items  have  been  omitted)


                                        2
<PAGE>

                                     PART I

ITEM  1.  DESCRIPTION  OF  BUSINESS

FORWARD-LOOKING  STATEMENT  NOTICE

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

GENERAL

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

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

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

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

We rent our condominium to tourists and vacationers visiting the Park City, Utah
area.  We do not intend to become a real estate investment company and we do not
have  a  real  estate  investment  policy.  We may eventually acquire additional
rental  properties  in  the  Park  City,  Utah  area,  however, no agreements or
understandings  to  that  effect are pending or being contemplated at this time.

OUR  BUSINESS

We  are in the business of renting our condominium to people visiting Park City,
Utah.  Our condo was built in 1983 and covers approximately 1,425 square feet on
three  floors.  Features  include  two  bedrooms,  three  and  a  half  baths, a
fireplace, jetted tub and a loft, providing comfortable accommodations for up to


                                        3
<PAGE>

eight  people.  We acquired the condo in the summer of 2000 and began generating
revenue  in  2001.  Management  believes  we  will eventually be able to operate
profitably  as  demand  for rental properties in Park City increases.  If we are
successful  in  generating  a  profit, we may investigate purchasing or managing
additional  condos  in  the  Park  City area.  However, we have no agreements or
understandings  to  that  effect and we will not seek other properties until our
existing  debts  are  paid  and  our  profits  justify  such  acquisition.

Park  City  received  international  attention as the location of several events
during  the  2002  Winter  Olympics.  Park  City  is also the home of the United
States Ski Team and Robert Redford's Sundance Film Festival.  Although Park City
is  best known for skiing and snowboarding, it is actively marketing itself as a
four-season  resort destination.  Park City offers year-round outdoor recreation
including  hiking,  mountain  biking,  fly-fishing  and  several  excellent golf
courses.  In the summer, Park City also hosts numerous cultural events including
performances  by  the  Utah  Symphony,  the Park City Arts Festival and the Deer
Valley Jazz Festival.  Park City is conveniently located off U.S. Interstate 80,
approximately  45  minutes  from  Salt  Lake  International  Airport.

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

Summit  County  is recognized as a premier winter sports resort destination.  In
2002,  the  Ski  Magazine  reader's  poll ranked Deer Valley as America's #1 ski
resort  with  Park  City  Resort  ranked  #8.  Complete  national  rankings  are
available  at  www.skimag.com.  Our  condo  is located between the Park City and
               --------------
Deer  Valley  Resorts,  just  a  few  blocks  north of Park City's historic Main
Street,  the  site  of  film  festival venues, numerous restaurants, nightclubs,
boutiques  and  shops.  Summit  County's  third  resort,  The  Canyons,  is
approximately  two  miles  west  of  our condo.  Public transportation from Main
Street  to  the  surrounding  resorts  is available at no charge from 7:30 am to
10:30  pm  seven  days  a  week.

OUR  CONTRACT  WITH  HIGH  MOUNTAIN  PROPERTIES

In  June  of  2000,  we contracted with High Mountain Properties, an independent
property  management service to include our condo unit as a part of their rental
pool.  High  Mountain  is  based  in  Park  City,  Utah  and  manages  over  100
condominiums  and  approximately  18 vacation homes in the Park City area.  High
Mountain  establishes rental rates for our property based on their assessment of
rates  for comparable properties in the Park City area.  Our agreement is for an
initial  term  through April 30, 2003, and it automatically renews on May 1 from
year  to  year  until  terminated  by either party upon 60 days' written notice.

Under the terms of our agreement, guests reserve rooms through High Mountain and
pay  them directly.  High Mountain retains 40% of the adjusted gross rentals for
nightly  and  weekly  rentals,  and  25%  of  adjusted gross rentals for monthly
rentals.  High  Mountain  provides a monthly accounting of adjusted gross rental
revenue  and  expenses  and  remits  net  rental  income  to us with the monthly
statement.  In  addition  to  renting  our  property,  High  Mountain  provides
housekeeping,  security,  cleaning  and  basic  maintenance as well as inventory
control  over  items  such  as  bedding,  linens,  televisions,  radios,  and
kitchenware.  We  remain  liable  for  all  property  taxes,  utility  fees  and
insurance.  As  owners  of the condominium, we remain free to occupy the unit at


                                        4
<PAGE>

no cost or to provide the unit to our guests at no cost or reduced cost provided
that  High  Mountain is notified in advance.  Through March 31, 2003 we have not
exercised  our right to occupy the condo or provide free lodging to guests.  Nor
do  we  plan  to  provide  complimentary  lodging  in  the  future.

OCCUPANCY

The  average  occupancy  rates  for units in the Gambler condominiums during the
past two years have been approximately 15 nights per month from December through
March  with  decreasing  rentals  from  April  through  November.  Disclosure of
specific  information  as  to  nightly  occupancy of other units managed by High
Mountain  is  restricted by Utah State law and management policy.  High Mountain
assures  us  that  occupancy rates are comparable for equivalent properties that
they  manage.  We  have  no  reason  to  doubt  this  representation.

RENTAL  RATES

Seasonal  demand  for  our  property is reflected by our advertised rental rates
which  are  higher  during  ski  season when demand is highest, and lower in the
spring  through  fall.  The present nightly rental rates for our condominium and
similar  units  as  advertised  by  High  Mountain  are  as  follows:

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

These  are  advertised  rates  and  do  not  necessarily reflect the actual rate
charged.  High  Mountain  reserves  the right to adjust the rates in response to
demand  for  rental properties.  Condo rates for similar properties in Park City
range  from  approximately  $169  per  night during off-season to $510 per night
between  Christmas  and New Year.  Rates for comparable units in Deer Valley are
slightly higher, ranging from $220 to $670 per night while rates for condos near
The  Canyons  resort  are  lower,  ranging  from  $140  to  $360.

At  the date of this report, High Mountain listed six comparable condos on their
website.  These condos are all located in different developments in central Park
City,  and  have  two  bedrooms and lofts accommodating eight people.  Rents for
these  properties  are  as  follows:

<TABLE>
<CAPTION>

UNIT                                OFF-SEASON   HIGH SEASON
<S>                                 <C>          <C>

Gambler (our condo). . . . . . . .  $       175  $        430
Racquet Club . . . . . . . . . . .  $       175  $        430
Suncreek . . . . . . . . . . . . .  $       175  $        430
Crescent Ridge . . . . . . . . . .  $       175  $        430
Park Avenue (with private hot tub)  $       250  $        480
Sunflower. . . . . . . . . . . . .           NA            NA
</TABLE>

High  Mountain  also  rents  two other two-bedroom units in the Gambler complex,
however,  these  units do not have lofts and accommodate only six people.  These
condos  rent for $160 to $380 per night.  The rates charged by High Mountain for


                                        5
<PAGE>

two-bedroom  condos  in downtown Park City have been consistent for the past two
years.  We  believe  our rates are competitive and consistent with rates charged
for  similar  properties  in  downtown  Park  City.  We  rely on High Mountain's
expertise  and knowledge of the market in setting our rental rates and we do not
intend  to  conduct  additional  research  regarding  our  rates.

MARKETING  AND  ADVERTISING

Our target market is cost-conscious vacationers and families visiting Park City.
With  the  increased interest in Park City due to the recent Winter Olympics, we
believe  our condo appeals to out of state and international vacationers as well
as  Utah residents who interested in experiencing Park City's outdoor recreation
opportunities  and  Olympic  facilities.  We  believe our desirable location and
competitive  prices  will  continue  to  appeal  to these vacationers.  A recent
search  of  condominium  availability  on  www.expedia.com revealed that nightly
                                           ---------------
rates  in  Park  City during peak ski season run from approximately $250 to over
$2,000 per night, depending on the level of accommodations provided.  We believe
our rates are comparable to those charged for similar properties and rely on the
expertise  of High Mountain Properties in establishing rates that will appeal to
our  target  market.

We  believe  we  can  appeal  to  our  target  market  by providing comfortable,
convenient  and reasonably priced accommodations.  We believe our condo combines
many of the comforts of a private home with the amenities of a hotel.  Our condo
also  offers flexibility in vacation planning and budgeting that we believe will
appeal  to  families  and  cost-conscious travelers.  Our condominium has a full
kitchen  and  laundry  and  provides  comfortable accommodations for up to eight
people.  This  should  appeal to vacationers who cannot afford or do not want to
pay  the  higher costs for luxury hotels and resorts.  For example, by renting a
condominium  families  can  save  money by preparing their own meals rather than
dining  out.

Our  central location is also within walking distance of Park City's Main Street
where  many  restaurants,  art  galleries,  film  festival venues, boutiques and
nightclubs  are  located.  In addition, Park City provides free bus service from
7:30  am  to 10:30 pm, seven days a week, reducing the need for a rental car and
associated  fuel and parking expenses.  The no-fare buses connect Main Street to
all of the area ski resorts and to the outlet mall and factory stores located at
Kimball  Junction.

Although  we  generate  limited rentals through word of mouth referrals, we rely
mainly  on  the  efforts  of High Mountain to market and advertise our property.
High  Mountain  claims to be Park City's largest locally-owned resort management
company.  High  Mountain  currently  manages  over  100  condos  and a number of
vacation  homes  in  Deer  Valley,  Park  City  and  the  Canyons.  Methods  of
advertising  utilized  by  High  Mountain  include maintaining a website, direct
marketing to travel agents, travel wholesalers and former guests, as well as the
use  of  brochures and advertising through selected travel media.  High Mountain
also works closely with Deer Valley Resort's central reservations desk and other
websites such as www.visitutah.com and www.parkcityinformation.org to market its
                 -----------------     ---------------------------
properties.

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

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


                                        6
<PAGE>

COMPETITION

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

In  the  vacation  property rental market specifically, we compete with Marriott
Vacation  Club  International-Summit  Watch,  a large national vacation property
provider,  as  well  as  local  competitors such as Park City Condominiums, Deer
Valley  Condominiums,  and Olympic Park Property Management.  Many of the larger
hotels  and  area resorts are booked months in advance during peak ski season at
significantly  higher  rates  than  ours.  We  believe  that  our  prices  are
competitive and provide an alternative to expensive hotels and resorts, offering
flexibility  in  travel  planning  for  average  ski  vacationers.

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

We  cannot  compete  on  a  national  level  with  large hotel chains and luxury
resorts, however, we believe we can compete on a local and regional level.  Park
City  is actively marketing itself as a year-round resort destination.  One area
of  great potential growth lies in developing a market for off-season rentals to
guests  from  Salt  Lake  City  and the intermountain west who are looking for a
weekend  mountain  getaway  during  the  summer months.  Therefore, we intend to
continue  focusing  on developing local and regional demand for our condo during
the  spring  and  summer.  We  hope  to increase occupancy through word of mouth
referrals  and through our existing relationships with High Mountain Properties.
We  will  also  continue to work with travel-based websites, local travel agents
and  reservation  desks.  We  regard  word  of  mouth  referrals  and  regional
recognition as being essential to our long-range competitive posture and believe
that  this  will  enable  us  compete  favorably  with  our  larger competitors.

We  believe  we  can  compete  favorably in this arena due to the quality of our
condo unit, our competitive rental rates and our desirable location between Park
City's  Main  Street  and  Deer Valley.   In addition, we believe we can compete
because  of  the  size,  contacts,  and experience of our property manager, High
Mountain  Properties.

EMPLOYEES

At  this  time  we  have no employees.  Our president, Robert Karz, performs all
services that we presently need, and he currently devotes approximately 10 hours
per  week  to  managing  and  developing  our  business.  We  do  not  currently
anticipate  hiring  anyone  else.  Our  president does not receive any salary or
compensation  for  his  time and we do not plan on providing compensation at any
point  in  the  foreseeable  future.

ITEM  2.  DESCRIPTION  OF  PROPERTY

We  own  one  property,  Unit 4, in the Gambler Condominiums located at 545 Deer
Valley  Drive  in  Park City, Utah.  In June of 2002, our condo was appraised at
$249,000.


                                        7
<PAGE>

Our  condo is centrally located between Park City's Main Street and the entrance
to Deer Valley, approximately .6 mile from the lifts at Park City ski resort and
..9  mile  from the lifts at Deer Valley.  Our unit is less than 2 miles from The
Canyons,  Summit  County's  third major ski resort.  Our condo was built in 1983
and  covers  1,425  square feet on three floors.  It has three and a half baths,
two  bedrooms  and  a loft, providing comfortable accommodations for up to eight
people.  Amenities  include a jetted tub in the master suite, fireplace, updated
kitchen,  washer  and  dryer, cable television, VCR and stereo.  Our condo has a
private  deck  and balcony and shares an outdoor hot tub with three other units.

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

We  acquired  this  property from two of our shareholders, Joe Thomas and Robert
Karz,  in June of 2000.  Mr. Karz and Mr. Thomas received 100,000 shares each in
exchange  for  their common interest in the condominium.  In connection with the
acquisition,  we assumed a note payable having a balance of $121,864 at the time
of  assumption,  plus  $183  in property taxes, with the underlying 30-year note
carrying  monthly  payments  of  $837.

In June of 2002, one of our shareholders, Joe Thomas, refinanced the condominium
to secure a lower interest rate.  The refinancing was done through Intermountain
Mortgage  Company.  Mr.  Thomas  then assigned the loan to Shoreside who assumed
full  liability.  The  new  loan  is  a  libor  adjustable  rate  mortgage.  The
principal  is  $121,000 and the interest rate is fixed at 6.375% through July of
2007, changing to an adjustable rate for the remaining 25 years of the loan with
maximum  interest  is  capped  at  12.375%  and the minimum interest possible is
2.25%.  The  loan  is secured by the condominium and the amortization term is 30
years,  maturing  on July 1, 2032.  The balance on the note as of March 31, 2003
was  $118,642.

The  interest  rate  on  the  note  prior  to refinancing was 6.75% and the loan
balance at closing was $118,695.  The monthly principal and interest payment was
$836.69.  The  interest  rate  on  the  new loan is 6.375%.  The closing cost of
$2,517 was added to the loan payoff balance to give a total balance of $121,212.
We  paid  $212 at closing to give a new note amount of $121,000 at 6.375% with a
monthly  principal  and  interest  payment  of $754.88. This reduced the monthly
payment  by $81.81 a month.  Any increase in the monthly payment would be due to
fluctuations  in  the  escrow  portion  of  the  payment.

The  name  of the former lender was Countrywide Mortgage.  The new lender's name
is  Aurora  Loan  Services.  Intermountain  Mortgage charged no fees and made no
money  on this loan. The principal maturities over the next five years from 2003
to  2007 and after are $1,422, $1,515, $1,615, $1,721 and $114,161 respectively.

Previously,  In  June  of  2000, we had acquired a vacant lot located in Draper,
Utah,  a suburb of Salt Lake City.  We acquired the lot from an individual named
Chad  Wright in exchange for 50,000 Shoreside common shares.  Management briefly
considered  developing  the property for residential use but abandoned that plan
due  to  the complexity of real estate development and our lack of experience in
that  field.  As a result, in October of 2001, we returned the vacant lot to Mr.
Wright  and  he  returned  the  50,000  shares that had been issued to him.  The
50,000  shares  were  subsequently cancelled.  Mr. Wright does not currently own
any  shares  of  Shoreside  stock  and  we  have no interest in the Draper, Utah
property.


                                        8
<PAGE>

We  maintain  limited  office space at 3191 South Valley Street, Suite 201, Salt
Lake City, Utah 84109.  The space is provided free of charge by Robert Karz, our
sole officer and director.  He has agreed to continue to provide these amenities
gratis  until  the  demands  of  our  business  require  separate  facilities.

ITEM  3.  LEGAL  PROCEEDINGS

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

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

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


                                     PART II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

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

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

We  have never declared or paid any cash dividends on our common stock.  For the
foreseeable  future,  we  intend to retain any earnings to finance the operation
and  expansion of our business, and we do not anticipate declaring or paying any
dividends  on our common stock. Dividends are declared at the sole discretion of
our  Board of Directors. In addition, our ability to pay dividends is subject to
limitations  imposed  by Utah law. Under Utah law, dividends may only be paid to
the  extent that a corporation's assets exceed its liabilities and it is able to
pay  its  debts  as  they  become  due  in  the  usual  course  of  business.

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

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

PLAN  OF  OPERATION

We  own  a  three-story  condominium in Park City, Utah, an area featuring three
major  ski  resorts and year-round mountain recreational activities.  In June of
2002,  our  condo  was appraised at $249,000.  Our condo is located between Main
Street  and  Deer  Valley.  This area has the highest average property values in
the  state  of  Utah.  Because  of our ideal location, we are confident that the
value  of  our  condo  will  increase.


                                        9
<PAGE>

We  have engaged High Mountain Properties of Park City, Utah, one of the largest
locally owned resort management companies in the area as our agent to market and
rent  this  property for us.  The rental market for condominiums in Park City is
particularly  active during the ski season from late November through March.  We
intend  to  continue  renting  our condo to people visiting Park City during ski
season  and  to  develop  additional  off-season  rentals.

We plan to use any operating profits to pay the mortgage on our condo and settle
existing debts.  We do not plan to acquire additional vacation rental properties
at  the  present  time  and have no real estate investment policy.  We intend to
continue marketing and renting our property to people visiting Park City through
our  agreement  with  High  Mountain Properties.  We believe that Park City will
continue  to  develop  as a premier winter resort destination, given its growing
international  reputation  and  its proximity to the Salt Lake City metropolitan
area  and  International  Airport.  Park City also offers a range of options for
nightlife, shopping and dining that aren't available at smaller ski resort towns
in  Utah  such  as  Alta  and  Brighton.  Our  president and property management
company  also  have  experience  with  the  Park  City  market.  We believe this
experience  will  be  an  asset  in  effectuating  our  business  plan.

Our auditors have expressed substantial doubt as to our ability to continue as a
going  concern  due  to lack of operating capital, limited revenue and continual
operating  losses since inception.   During the past two years our revenues have
increased  and  our property interest expenses have decreased.  However, general
and  administrative  expenses  have  been much higher than anticipated.  This is
largely  due  to  auditing,  legal  costs and fees associated with preparing and
filing  amendments  to  our SB-2 registration statement.  Management anticipates
that  general  and  administrative expenses will decrease substantially once the
registration  becomes  effective.

Management anticipates that revenue will continue to grow in the coming years as
occupancy  increases.  We believe that future operating expenses will eventually
be offset by rental income.  In addition, our interest expenses will decrease as
we  continue  to  pay  down  the  note  on our condo and build equity.  We will,
however,  continue to incur property expenses associated with paying the monthly
mortgage  and  operating  our condo.  We will also have ongoing professional and
administrative  expenses  associated  with  our  state  and  federal  reporting
requirements.  Because  of  our  relatively  brief  operating history, we cannot
predict  when  revenues  will  exceed  operating  expenses.

Our  intended  business operations will not require any expenditure for research
or development in the foreseeable future. We do not presently contemplate hiring
employees  or  purchasing  plant  facilities or significant equipment during the
next fiscal year. No such expenditures will be incurred unless existing revenues
can  cover  the  costs.

RESULTS  OF  OPERATIONS  YEARS  ENDED  DECEMBER  31,  2002  AND  2001

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

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


                                       10
<PAGE>

we  reported  adjusted  gross  rentals in 2001, our estimated revenue would have
been approximately $11,670 with High Mountain Properties retaining approximately
$4,670  or  40%  leaving  our  declared  net income of $7,001 or 60% of $11,670.

Another  factor  leading to increased revenue in 2002 relates to the 2002 Winter
Olympics.  Our  management company raised the rent on all of their properties by
25%  during the month of February to take advantage of demand for lodging during
the  2002  Winter  Olympiad.  As  a  result,  although  we  had fewer rentals in
February  2002 than in February of 2001, we generated substantially more income.
Total nightly rentals for our condo were 49 days during 2002 compared to 79 days
during  2001,  however,  the average nightly rate was approximately $312 in 2002
versus  approximately  $148  in  2001.  Rentals  at  monthly  rates generated an
additional  $3,440  in  2002  compared to no monthly rentals in 2001.  A summary
table of our nightly rental occupancy for our condominium during the years ended
December  31,  2002  and  2001  is  provided  below.

<TABLE>
<CAPTION>

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

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

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

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

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

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

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

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

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


                                       11
<PAGE>

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

CAPITAL  RESOURCES  AND  LIQUIDITY

Total  assets  for  the  year  ended December 31, 2002 were $175,281.  Our condo
continued  to  be  our  most  substantial  asset  with a value of $165,051 after
depreciation.  Other  assets  at  December 31, 2002 consisted of $8,481 in cash,
$1,406 in rents receivable and $343 in prepaid expenses.  Assets at December 31,
2001  were  $174,876  consisting  of $2,093 in cash, $2,083 in rents receivable,
$469  in  prepaid  expenses, and $170,231 in the value of our condo.  In June of
2002  our  condo was appraised at $249,000.  We anticipate that the resale value
of  the condo will continue to grow in the foreseeable future due to Park City's
high  property  values.

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

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

To  meet  our expected needs for the coming year we will either have to increase
occupancy  or  increase our average nightly rates.  Based on the average nightly
rate of $148 in 2001, we would have to rent our condo for 270 nights to generate
$40,000.  Based  on  the  average nightly rate of $312 in 2002, we would have to
rent  our  condo  for  128  nights  to generate $40,000.  In the coming year, we
anticipate  that our rates will fall somewhere between the 2001 and 2002 amounts
and  stabilize at approximately $225 per night.  This projection is based solely
on  the  average  nightly  revenues  for  our  condo  and  similar units in High
Mountain's rental pool during 2002 and 2001.  At that rate, we will have to rent
our  condo  for  approximately  178  nights  to  meet  our  liquidity  needs.

Based  on  our  average  occupancy and revenues for similar condos in our rental
pool over the past two seasons, we could reasonably expect to rent our condo for
at  least 70-90 days in 2003, generating approximately $15,000 to $20,000.  This
would  be  sufficient  to  cover  our  basic property expenses, however, if this
estimate  is accurate, we will have to raise an additional $20,000 to $25,000 to
cover  our anticipated administrative expenses and property interest.  We expect


                                       12
<PAGE>

to generate additional off-season rentals to supplement our revenue as Park City
continues  to  develop  a market for summer recreation.  We also anticipate that
administrative  costs  will decrease significantly once our registration becomes
effective.  We  believe  that because of our prime location, attractive property
and  competitive  rates, we will be able to achieve maximum occupancy during the
ski  season  and  generate  sufficient  off-season rentals to achieve our target
occupancy  in  the  coming  years.

In  the past we have primarily relied on advances and capital contributions from
officers  and  shareholders  to  fund our operations. Through December 31, 2003,
advances  from  officers  and  shareholders  have  totaled  $19,975  and capital
contributions from officers and shareholders have totaled $56,974.  The advances
are  interest  free  and  will  only  be  repaid after our other debts have been
settled.  The  capital contributions carry no terms for repayment.  We expect to
receive  sufficient  contributions  and/or advances to continue operations until
our  condo  generates  enough  revenue  to cover expenses. However, there are no
agreements  or  understandings to that effect.  If we require additional capital
we  may  sell  common  stock  or  explore  other debt financing options.  If our
business  plan  is ultimately unsuccessful, we could sell our condo and generate
sufficient proceeds to settle our debts and either liquidate the company or seek
new  business  opportunities.

Because  2001  and  2002 were unusual years for the tourist industry, we believe
that  they  are not necessarily reliable indicators of future performance.  This
assumption  is  based  on  the  following  factors:

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

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

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

Management  anticipates  that Park City will continue to be recognized as one of
America's  premier  ski  and  snowboard destinations and that Summit County will
continue to grow as a four-season destination resort community.  We believe that
increased  awareness  of  and  interest  in  Park  City  will  lead to increased
occupancy  at  higher  rates throughout the year.  Because of our prime location
and  competitive  rates, we feel we are well positioned to take advantage of the
anticipated  demand  for accommodations in Park City.  As we increase occupancy,
pay  down  our  note and reduce our liabilities, we expect to meet our liquidity
needs  and  become  profitable.


                                       13
<PAGE>

ITEM  7.  FINANCIAL  STATEMENTS

The  financial  statements  of  the  Company  appear  at  the end of this report
beginning  with  the  Index  to  Financial  Statements  on  page  18.

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

None.


                                    PART III

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

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

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

<TABLE>
<CAPTION>

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

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

Set  forth  below  is  a  brief  biography  of  Mr.  Karz

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

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


                                       14
<PAGE>

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

ITEM  10.  EXECUTIVE  COMPENSATION

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

<TABLE>
<CAPTION>

                           SUMMARY COMPENSATION TABLE

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

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

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

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

<TABLE>
<CAPTION>

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

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

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

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

 (1)  Officer  and  director.


                                       15
<PAGE>

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS.

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

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

During  2002  our  president,  Rob Karz, and one of our stockholders, Joe Thomas
advanced  $3,670  to Shoreside to help pay operating expenses.  During 2001, Mr.
Karz and Mr. Thomas advanced $9,100 to Shoreside to help pay operating expenses.
These  advances  are non-interest bearing and will be repaid only when our other
debts  are  settled.

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

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

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

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

<TABLE>
<CAPTION>

EXHIBITS:

NUMBER  TITLE                                                                 LOCATION
<C>     <S>                                                                   <C>
  32.1  Certification of Chief Executive Officer and Chief Financial Officer  Attached
         pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

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

</TABLE>

REPORTS  ON  FORM  8-K:


                                       16
<PAGE>

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

ITEM  14.  CONTROLS  AND  PROCEDURES

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


                                   SIGNATURES

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

                                   SHORESIDE  INVESTMENTS,  INC.



Date:  July  30,  2003             /s/Robert  M.  Karz
                                   -------------------------
                                   Robert  M.. Karz
                                   Chief  Executive  Officer
                                   Chief  Financial  Officer


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





Date:  July 30,  2003              /s/Robert  M.  Karz
                                   -------------------
                                   Robert  M.  Karz
                                   Director


                                       17
<PAGE>

<TABLE>
<CAPTION>


       SHORESIDE  INVESTMENTS,  INC.
     (A  Development  Stage  Company)


                  CONTENTS


                                   PAGE

<S>                                <C>
Independent Auditor's Report. . .    19

Balance Sheets. . . . . . . . . .    20

Statements of Operations. . . . .    21

Statement of Stockholders' Equity    22

Statements of Cash Flows. . . . .    23

Notes to Financial Statements . .    24
</TABLE>


                                       18
<PAGE>

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


Board  of  Directors
SHORESIDE  INVESTMENTS,  INC.


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

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

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

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


/s/David  T.  Thomson,  P.C.
----------------------------

Salt  Lake  City,  Utah
March  24,  2003


                                       19
<PAGE>

<TABLE>
<CAPTION>


                                SHORESIDE INVESTMENTS, INC.
                               (A DEVELOPMENT STAGE COMPANY)

                                      BALANCE SHEETS

                                          ASSETS


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

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

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

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

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


LIABILITIES AND STOCKHOLDERS' EQUITY

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

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

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

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

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

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

    The accompanying notes are an integral part of these financial statements


                                       20
<PAGE>

<TABLE>
<CAPTION>


                           SHORESIDE INVESTMENTS, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF OPERATIONS


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

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

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

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

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

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

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

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

    The accompanying notes are an integral part of these financial statements


                                       21
<PAGE>

<TABLE>
<CAPTION>


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    The accompanying notes are an integral part of these financial statements


                                       22
<PAGE>

<TABLE>
<CAPTION>


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

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

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

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

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

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

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

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

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

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

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

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

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

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

    The accompanying notes are an integral part of these financial statements


                                       23
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS


NOTE  1  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

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

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

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

     Cash  and  Cash  Equivalents - For purposes of the statement of cash flows,
     ----------------------------
     the  Company  considers all highly liquid debt instruments purchased with a
     maturity  of  three  months  or  less  to  be  cash  equivalents.

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

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

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

NOTE   2  -  EQUITY  TRANSACTIONS

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


                                       24
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  2  -  EQUITY  TRANSACTIONS  -  CONTINUTED

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

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

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

NOTE  3  -  RELATED  PARTY  TRANSACTIONS

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

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

NOTE  4  -  INCOME  TAXES

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

NOTE  5  -  GOING  CONCERN

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


                                       25
<PAGE>

                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  5  -  GOING  CONCERN  -  CONTINUED

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

NOTE   6   -   NOTES  PAYABLE

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

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

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

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

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

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

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

NOTE  7  -  GOVERNMENT  FILING

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

NOTE  8  -  CHANGE  IN  MANAGEMENT

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


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                           SHORESIDE INVESTMENTS, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

NOTE  9  -  CONDOMINIUM  REFINANCING

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


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