SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C. 20549

                                   FORM 10-KSB

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

For the Fiscal Year Ended July 31, 2001

                           Commission File No. 0-31539

                          Coventure International Inc.
                             formerly Liquidpure Corp.
                             -------------------------
                   (Name of Small Business Issuer in its charter)

                Delaware                                    98-0231607
         ------------------------                      --------------------
         (State of incorporation)                        (IRS Employer
                                                       Identification No.)
Suite 174, 3359 - 27th Street N.E.
      Calgary, Alberta                                    T1Y 5E4
--------------------------------                    ---------------------
   (Address of Principal Executive Office)                 Zip Code

Registrant's telephone number, including Area Code: (403) 949-5621 Securities
registered pursuant to Section 12(b) of the Act: None Securities registered
pursuant to Section 12(g) of the Act:

                         Common Stock, par value $0.0001
                                (Title of Class)

Check whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the Registrant was required to file such
reports) and (2) has been subject to such filing requirements for the past 90
days.      [ ]  YES                  [ X ]    NO

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

The Company's revenues during the year ended July 31, 2001 were $-0-.

The aggregate market value of the voting stock held by non-affiliates of the
Company as of April 15, 2002 was $-0-.

As of April 15, 2002 the Company had 10,568,200 issued and outstanding shares of
common stock.


<PAGE>


Forward Looking Statements

This report contains various forward-looking statements that are based on our
beliefs as well as assumptions made by and information currently available to
us. When used in this document, the words "believe", "expect", "anticipate",
"estimate" and similar expressions are intended to identify forward-looking
statements. Such statements may include statements regarding seeking business
opportunities, payment of operating expenses, and the like, and are subject to
certain risks, uncertainties and assumptions which could cause actual results to
differ materially from our projections or estimates. Factors which could cause
actual results to differ materially are discussed at length under the heading
"Risk Factors". Should one or more of the enumerated risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those anticipated, estimated or projected. Investors
should not place undue reliance on forward-looking statements, all of which
speak only as of the date made.

ITEM 1.  DESCRIPTION OF BUSINESS

We were incorporated in the State of Delaware on March 31, 1999 as Bullet
Environmental Systems, Inc. and on May 25, 2000 we changed our name to
Liquidpure Corp. On February 14, 2002 we changed our name to Coventure
International Inc. In July of 2000 we received our initial funding from the sale
of our common stock to investors. The Company's original business plan comprised
of the manufacturing and marketing of potable and waste-water treatment systems
to various commercial, agricultural, and industrial markets. However, on October
1, 2001 the agreement under which this plan of business originated was
terminated. Management is implementing a new business plan that is designed to
provide quality consulting services to small and medium sized businesses in
North America.

We have not commenced any operational activities other than initial corporate
formation and capitalization, and the selection and acquisition of our domain
name, www.coventure.com.

Coventure International Inc. plans to be a North American provider of management
consulting products and services to a network of regionally licensed operators.
Coventure plans to provide this distribution network with pro-active solutions
to increase our client's profitability through strategic analysis, planning,
consulting and coaching. Our licensees will provide our clients with an enhanced
understanding of local economic conditions and domestic factors that effect
operating a business in that area.

Coventure plans to deliver exceptional value to its clients and to charge a
competitive rate for its services. The Company's initial focus will be on the
development of the Canadian and American markets. Coventure's core services may
be described as preventative maintenance programs which pinpoint inefficiencies
and trouble spots through-out a business before they cause significant erosion
or crisis.



<PAGE>


Principal Products or Services and their Markets

Diagnostic Assessment

Our Business Analysts will be trained to conduct an exhaustive Diagnostic Study.
The Diagnostic Study reveals the unique conditions, concerns and procedures that
each individual  business  possesses.  Upon completion of the Diagnostic Survey,
the Analyst  provides a  confidential  review and report of the  findings,  with
recommendations.

Strategic Document Development

The  planning  stage  builds  on the  discoveries  that  the  Diagnostic  Survey
provided.  Here the  planning  team  evaluates  the  analysis,  prioritizes  the
findings,  and proposes  solutions  incorporated into the Strategic Plan and the
Operating Plan.

Consulting Services

Pending the  recommendations  outlined in the analysis and the business  plan, a
consulting  program will be  recommended  to address those factors  necessary to
achieve optimal levels of profitability.

Coaching Services

Accountability is frequently absent in the world of the small business owner. By
becoming a client's  confessor  and mentor,  a  Coventure  coach can provide the
guidance  and  counseling  to keep the  owner on track in his  professional  and
personal life.

Unlike most competing firms that target small businesses on a nation-wide basis,
Coventure plans secure regional representation through the licensing of
exclusive territories.

Licensee  candidates  will be chosen  for their  past  experience,  personality,
education  and  passion  for the  small  business  sector.  The  amount  paid to
Coventure  provides  the  licensee  all of the  appropriate  training  of  their
regional staff, promotional and diagnostic materials,  regional advertising, the
initiation of a telemarketing  program, some equipment,  software and most legal
costs.  All  revenues  generated  by the regional  licensee  will be  transacted
through  Coventure  and an  average  of a 15%  commission  will  be  paid to the
licensee.  All phone,  regional  travel,  entertainment  and overhead costs in a
territory will be the responsibility of the licensee.

Number of Total Employees and Number of Full Time Employees

We currently  have no  full-time  employees  and one  part-time  employee,  John
Hromyk,  who is our sole officer and  director.  Mr. Hromyk is involved in other
full-time business  activities and participates in the running of the Company on
a part-time basis as needed.  Hiring of other management,  staff and consultants
will occur  incrementally as funds become available and the need arises. We have
no collective bargaining agreements or employment agreements in existence.

ITEM 2.  DESCRIPTION OF PROPERTY

We have no  material  assets  and,  as such,  we do not own any real or personal
property.  We currently operate out of rented space located at Suite 174, 3359 -
27th Street, N.E., Calgary, Alberta T1Y 5E4, which is rented by the company. The
cost of rent per month is $100.00 plus  applicable  taxes.  We believe that this
space is sufficient at this time.


<PAGE>

ITEM 3.  LEGAL PROCEEDINGS.
--------------------------

         None.

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

      No matters were submitted during the fiscal year covered by this report to
a vote of security holders of the Company, through the solicitation of proxies
or otherwise.

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

   (a)  The Company's common stock is not quoted on any exchange and there is no
        public trading market.

   (b)  As of April 15, 2002, the Company had approximately 23 shareholders of
        record of the common stock.

   (c)  Holders of the Company's common stock are entitled to receive such
        dividends as may be declared by the Board of Directors. The Board of
        Directors is not obligated to declare a dividend. No dividends on
        outstanding common stock have been paid since inception. The Company
        does not anticipate or intend upon paying dividends for the foreseeable
        future.

   (d)  Recent Sales of Unregistered Securities

        In July of 2000 2,568,200 shares of common stock were issued to
        twenty-two investors, all resident in the State of Missouri, for an
        aggregate of $25,682. These transactions were exempted from registration
        pursuant to Rule 504 of the Securities Act of 1933.

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

Our plan of business encompasses the following steps.

     o    Raise capital of $250,000 through the sale of equity  securities via a
          private placement Offering Memorandum before July 31, 2002
     o    Refine,  market and expand the  Company's  methodologies  and initiate
          licensing program
     o    Hire,  train and  implement  an  outside  sales  force,  analysts  and
          consultants

Management  has made  initial  progress in  implementing  its  business  plan by
registering  its  Internet  domain  name,  www.coventure.com,   and  preliminary
development  of the site has  commenced.  We will  only be able to  continue  to
advance our business plan after we receive  capital  funding through the sale of
equity securities. After raising capital, our management intends to initiate its
current  strategic  plan  which  outlines  the  start-up   expenses,   marketing
initiatives,  refinements to the Company's methodologies, the training of staff,
and the initiation and  implementation  of a licensing  program to expand to new
markets. The majority of the funds will be used to research,  develop and market
Coventure's  licensing  opportunities  to  prospective  licensees in new outside
markets.


<PAGE>


Unlike most competing firms that target small businesses on a nation-wide basis,
Coventure  plans  secure  regional   representation  through  the  licensing  of
exclusive territories.

Licensee  candidates  will be chosen  for their  past  experience,  personality,
education  and  passion  for the  small  business  sector.  The  amount  paid to
Coventure  provides  the  licensee  all of the  appropriate  training  of  their
regional staff, promotional and diagnostic materials,  regional advertising, the
initiation of a telemarketing  program, some equipment,  software and most legal
costs.  All  revenues  generated  by the regional  licensee  will be  transacted
through  Coventure  and an  average  of a 15%  commission  will  be  paid to the
licensee.  All phone,  regional  travel,  entertainment  and overhead costs in a
territory will be the responsibility of the licensee.

A licensee will be formally reviewed each quarter. Annual and quarterly targets
will be established with Coventure prior to each new fiscal period. A Coventure
manager will be assigned to assist and guide the licensee and his operatives in
securing their targets. Upon two consecutive quarterly targets being not met,
the licensee will receive a warning that his territory is in jeopardy of being
revoked. If attempts to remedy the licensee's territory have proved unsuccessful
the territory will be reassigned and the licensee will lose their licensing fee.
A non-competition agreement will keep licensees from consulting in the regional
market for a period of one year. Coventure plans to license three markets in
2002.

We do not anticipate generating positive cash flow during the first year of
operations and, therefore, anticipate utilizing our equity capital to fund the
development and implementation of our business plan.

We will face considerable risk in each of our business plan steps, such as the
anticipated difficulty in providing substantiated market performance to those
wishing to license a regional territory. Other anticipated challenges include
finding and developing our internal human resource base, competitive pressures
and negative economic conditions. Further, if no funding is received during the
next twelve months, we will be forced to rely on our existing cash in the bank
and funds loaned by management. Our management has no formal commitments or
arrangements to advance or loan funds to the Company. In such a restricted cash
flow scenario, we would be unable to complete our business plan steps, and
would, instead, delay all cash intensive activities. Without necessary cash
flow, we may be dormant during the next twelve months, or until such time as
necessary funds could be raised in the equity securities market.

Discussion and Analysis of Financial Condition and Results of Operations
------------------------------------------------------------------------

Operations and results for the past year ended July 31, 2001: Activity during
the past year has been confined to the research and development of a business
plan and securing an Internet website. The schematic web plan, the fundamental
web design and the web copy have now been developed. We anticipate the Coventure
website to commence its design phase in April, 2002.

Future Prospects: The Company is unable to predict when it may launch intended
operations, or failing to do so, when and if it may elect to participate in a
business acquisition opportunity. The reason for this uncertainty arises from
its limited resources, and competitive disadvantage to other public or
semi-public issuers, and new uncertainties about compliance with NASD
requirements for trading on the OTCBB. Notwithstanding the conditions, the
Company expects to develop a capital formation strategy and launch operations
during the next twelve to eighteen months.

Reverse  Acquisition  Candidate:  The Company is not  currently  searching for a
profitable  business   opportunity.   This  contingency  is  disclosed  for  the
possibility that the Company's  intended business might fail. The Company is not

<PAGE>

presently a reverse acquisition  candidate.  Should the Company's business fail,
management  does not  believe the Company  would be able to  effectively,  under
current laws and  regulations,  attract  capital,  and would be required to seek
such an acquisition to achieve profitability for shareholders.

During the twelve months ending April 30, 2003 we anticipate that we will need
$170,000 in additional capital to pay operating expenses.

We anticipate obtaining the capital which we will require through a combination
of debt and equity financing. There is no assurance that we will be able to
obtain capital we will need or that our estimates of our capital requirements
will prove to be accurate. As of the date of this report we did not have any
commitments from any source to provide additional capital.

ITEM 7.  FINANCIAL STATEMENTS

See the financial statements attached to this report.

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

Not Applicable.

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

      Name                 Age         Position

   John Hromyk             41        President, Secretary, Treasurer and a
                                     director

John Hromyk has been an officer and director of our corporation since August 30,
2001. From May 1999 to June 2001 he was the sole proprietor of Banded Peak
Venture Services, a business development and management-consulting firm located
in Calgary, Alberta. For three years prior he was the founder and president of
Hillside Estate Winery Ltd. located in Penticton, British Columbia. From June
1985 to April 1996 Mr. Hromyk was a contract magazine publisher for numerous
Canadian regional and national periodicals. Educated in Vancouver, British
Columbia Mr. Hromyk studied biological sciences from 1980 to 1984 at Vancouver
Community College (Langara) and at the University of British Columbia. He also
completed a Diploma Program in Business Administration and Marketing from
Capilano College in North Vancouver in 1986.

Each director holds office until his successor is duly elected by the
stockholders. Executive officers serve at the pleasure of the board of
directors. John Hromyk devotes a limited amount of his time to our business.

ITEM 10.  EXECUTIVE COMPENSATION

The following table sets forth in summary form the compensation received by our
Chief Executive Officer. None of our former or current executive officers
received in excess of $100,000 in compensation during the fiscal year ended July
31, 2001 or during any other twelve month period.


<PAGE>

<TABLE>
<S>                    <C>      <C>     <C>       <C>           <C>           <C>

Name and             Fiscal                  Other Annual    Restricted     Options
Principal             Year    Salary  Bonus  Compensation   Stock Awards    Granted
Position

John Hromyk           2001       0       0         0              0            0
  President
Amar Bahadoorsingh    2001       0       0         0              0            0
  President
Amar Bahadoorsingh    2000       0       0         0              0            0
  President
Brett Walker,         2000  $3,375       0       700              0            0
  President

</TABLE>


Employment Agreements

We do not have any consulting or employment agreements with any officer or
director of the Company.

We have a consulting agreement with Big Sky Management Ltd. to provide financial
consulting and to assist the Company in preparing and refining its business
plan, and identifying, introducing to and consulting as to strategy for
initiating discussions with potential investors. This agreement is on a month to
month basis commencing February 1, 2002, at a rate of $1,605 per month.


Our board of directors may increase the compensation paid to our officers
depending upon a variety of factors, including the results of our future
operations.

We do not have any compensatory plan or arrangement that results or will result
from the resignation, retirement, or any other termination of any executive
officer's employment with us or from a change in control of or a change in an
executive officer's responsibilities following a change in control.

Options Granted During Fiscal Year Ending July 31, 2001:
--------------------------------------------------------

None.

Long Term Incentive Plans - Awards in Last Fiscal Year
------------------------------------------------------

None.

Employee Pension, Profit Sharing or other Retirement Plans
----------------------------------------------------------

We do not have a defined benefit, pension plan, profit sharing or other
retirement plan, although we may adopt one or more of such plans in the future.

Directors' Compensation
-----------------------

At present we do not pay our directors for attending meetings of the board of
directors, although we expect to adopt a director compensation policy in the
future. We have no standard arrangement pursuant to which our directors are
compensated for any services provided as a director or for committee
participation or special assignments.


<PAGE>

Except as disclosed elsewhere in this report none of our directors received any
compensation from us during the year ended July 31, 2001.

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

The following table sets forth, as of April 15, 2002,  information  with respect
to the only persons owning  beneficially  5% or more of our  outstanding  common
stock and the number and percentage of  outstanding  shares owned by each of our
directors  and officers and by our  officers  and  directors as a group.  Unless
otherwise  indicated,  each owner has sole voting and investment powers over his
shares of common stock.

                                    Shares of               Percent of
Name and Address                   Common Stock               Class

John Hromyk                         10,054,900                 95%
PO Box 731
Bragg Creek, Alberta
Canada T0L 0K0

All Officers and Directors          10,054,900                 95%
  as a Group (1 person)

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

We have issued shares of our common stock to the following persons during the
past two years, who are or were affiliated with Coventure:

o     In March 1999 we issued 1,000,000 shares of our common stock to Century
      Capital Management Ltd., a company controlled by a former president and
      director, for $100.

o     In October 1999 we issued 7,000,000 shares of our common stock to Brett
      Walker, a former officer and director, for services rendered valued at
      $700.

In August, 2001 the President of the Company, Amar Bahadoorsingh, sold 6,500,000
shares registered in his name to John Hromyk for $650 cash. Following this sale,
and effective August 30, 2001, Mr. Bahadoorsingh resigned as an officer and
director and appointed Mr. Hromyk as a director to oversee the implementation of
a new business plan.

In September, 2001 Mr. Bahadoorsingh sold an additional 500,000 shares
registered in his name to John Hromyk for $50 cash. In September, 2001 a major
shareholder sold 500,000 shares to Mr. Hromyk for $50 cash. In February, 2002
another shareholder sold 500,000 shares to Mr. Hromyk for $50 in cash.

In April 2002 John Hromyk acquired an additional 2,054,900 shares of common
stock from ten other shareholders of the Company.


<PAGE>

Save and except as disclosed herein we have not entered into and do not intend
to enter into any transactions with our management or any nominees for such
positions. We have not entered into and do not intend to enter into any
transactions with beneficial owners of more than 5% of our issued and
outstanding share capital. Since inception, we have not entered into any
transactions with promoters.

Our management is involved in other business activities and may, in the future,
become involved in other business opportunities. If a specific business
opportunity becomes available, our management may face a conflict in selecting
between the Company and their other business interests. We have not formulated a
policy for the resolution of such conflicts. While the Company and our sole
officer and director have not formally adopted a plan to resolve any potential
or actual conflicts of interest that exist or that may arise, he has advised the
Company that he will limit his roles in all other business activities to the
role of a passive investor and devote his full time services to the Company
after we raise capital of $250,000 through the sale of securities through a
private placement and are able to provide adequate salaries.

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

Number      Exhibit                                            Page Number

1           Underwriting Agreement                                 N/A
                                                               -----------

3.1         Certificate of Incorporation and Amendments           (1)
                                                               -----------

3.2         Bylaws                                                (1)
                                                               -----------

5.          Opinion of Counsel                                    N/A
                                                               -----------

10          Agreement for the Purchase of Common Stock            (2)
                                                               -----------

(1)  Incorporated  by reference to the same exhibit number in the Company's
     registration statement on Form 10-SB filed September 15, 2000.

(2)  Incorporated  by reference to the same exhibit number in the Company's
     Form 8-K filed August 30, 2001.


<PAGE>
















                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                              Financial Statements
                         July 31, 2001 and July 31, 2000


<PAGE>




                          REPORT OF INDEPENDENT AUDITOR





To the Stockholders of
Coventure International Inc.
(formerly Liquidpure Corp.)


We have audited the accompanying balance sheets of Coventure International Inc.
(a development stage enterprise) as of July 31, 2001 and 2000 and the related
statements of operations, stockholders' equity (deficit) and cash flows for the
year ended July 31, 2001 and for each of the periods from March 31, 1999 (date
of incorporation) to July 31, 2001 and 2000. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audit.

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

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Liquidpure Corp. at July 31,
2001 and 2000, and the results of its operations and its cash flows for the
years ended July 31, 2001 and July 31, 2000 and for each of the periods from
March 31, 1999 (date of incorporation) to July 31, 2001 and 2000, in conformity
with accounting principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company is in the development stage, has no
established source of revenue and is dependent on its ability to raise capital
from stockholders or other sources to sustain operations. These factors, along
with other matters as set forth in Note 1, raise doubt that the Company will be
able to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



                                                   /s/ N.I. Cameron Inc.
Vancouver, Canada,                                               CHARTERED
ACCOUNTANTS
March 6, 2002


<PAGE>


                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                                 Balance Sheets


                           (expressed in U.S. dollars)

                                     ASSETS

                                                  July 31          July 31
                                                     2001             2000
                                               ---------------------------

CURRENT
Cash                                           $       301        $ 16,508

LICENSE, at cost (Notes 2 and 4)                     1,000           1,000
                                                --------------------------

                                                 $   1,301        $ 17,508
                                                 =========================


                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES
   Accounts payable and accrued liabilities       $  3,229        $  2,103
                                                  ------------------------


STOCKHOLDERS' EQUITY (DEFICIT)
   Share capital (Note 3)
      Common stock - $0.0001 par value
      30,000,000 authorized; 10,568,200 issued and
          outstanding (1999 - 1,000,000)             1,057           1,057
      Preferred stock - $0.0001 par value
        5,000,000 authorized                             -               -
   Additional paid-in capital                       25,425          25,425
   Deficit accumulated in the development stage   (28,410)        (11,077)
                                                 -------------------------
                                                   (1,928)          15,405
                                                --------------------------

                                                 $   1,301        $ 17,508
                                                 =========================

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


<PAGE>


                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                            Statements of Operations


                           (expressed in U.S. dollars)



                                                  Period from     Period from
                                                    March 31,       March 31,
                                                      1999            1999
                                                    (date of        (date of
                        Year Ended    Year Ended  incorporation)  incorporation)
                          July 31,     July 31,    to July 31,     to July 31,
                            2001         2000         2001            2000
                        -------------------------------------------------------
                        -------------------------------------------------------

EXPENSES
  Professional fees       $ 9,549     $  1,681      $ 11,820       $ 2,271
  Administration            5,758        1,355         7,161         1,403
  Consulting fees               -        5,350         5,350         5,350
  Management fees           2,026        2,053         4,079         2,053
                         -----------------------------------------------------
                         -----------------------------------------------------

LOSS FROM OPERATIONS
FOR THE PERIOD           $(17,333)   $ (10,439)    $ (28,410)    $ (11,077)
                         ======================================================


LOSS PER SHARE -
Basic and diluted         $(0.002)     $(0.002)
                          ======================
                          ======================


WEIGHTED AVERAGE
  NUMBER OF SHARES     10,568,000    6,353,001
  OUTSTANDING          =======================
                       =======================


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


<PAGE>




                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                   Statements of Stockholders' Equity (Deficit)


                           (expressed in U.S. dollars)


                                                              Deficit
                                                            Accumulated
                               Common Stock                   in the
                           Number of            Additional  development
                            Shares     Amount    Paid-in       Stage      Total
                                                 Capital
                          -----------------------------------------------------

Issuance of common
  stock                  1,000,000    $  100     $    -      $   -       $  100

Loss for the period              -         -          -       (638)        (638)
                        --------------------------------------------------------

Balance, July 31,
   1999                  1,000,000       100          -       (638)        (538)

Issuance of common
  stock                  9,568,200       957     25,425          -       26,382

Loss for the Year                -         -          -    (10,439)     (10,439)
                      ---------------------------------------------------------

Balance, July 31,
   2000                 10,568,200     1,057     25,425    (11,077)      15,405

Loss for the Year                -         -          -    (17,333)     (17,333)
                        --------------------------------------------------------

Balance, July 31,
  2001                  10,568,200    $1,057    $25,425   $(28,410)     $(1,928)
                       =========================================================


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



<PAGE>



                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                            Statements of Cash Flows


                           (expressed in U.S. dollars)


                                                    Period from    Period from
                                                     March 31,      March 31,
                                                       1999           1999
                              Year        Year       (date of       (date of
                              Ended       Ended    incorporation) incorporation)
                             July 31,    July 31,    to July 31,   to July 31,
                              2001        2000          2001         2000
                           ----------------------------------------------------
OPERATING ACTIVITIES
 Loss for the Period    $ (17,333)  $ (10,439)    $ (28,410)    $ (11,077)
 Changes  in  operating
  assets  and liabilities
  Accounts payable and
     accrued liabilities    1,126       1,498         3,229         2,103
                          ----------------------------------------------------

  Net cash used in
   operating activities   (16,207)     (8,941)      (25,181)       (8,974)
                          ----------------------------------------------------

INVESTING ACTIVITIES
   Purchase of license          -      (1,000)       (1,000)       (1,000)
                          ----------------------------------------------------

   Net cash used in
   investing activities         -      (1,000)       (1,000)       (1,000)
                          ----------------------------------------------------

FINANCING ACTIVITIES
   Issuance of share
    capital                     -      26,382        26,482        26,482
                          ----------------------------------------------------

   Net cash provided by
    financing activities        -      26,382        26,482        26,482
                          ----------------------------------------------------

NET CHANGE IN CASH DURING
  THE PERIOD              (16,207)     16,441          301         16,508

CASH AT BEGINNING OF
  PERIOD                   16,508          67            -              -
                          ----------------------------------------------------

CASH AT END OF PERIOD       $ 301     $16,508       $  301       $ 16,508
                           ===================================================

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


<PAGE>


                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                          Notes to Financial Statements
                                  July 31, 2001

                           (expressed in U.S. dollars)

1.    FORMATION AND BUSINESS OF THE COMPANY

     Coventure  International Inc. (the "Company") was incorporated in Delaware,
     U.S.A. on March 31, 1999 as Bullet Environmental  Systems, Inc. and changed
     its name on May 25, 2000 to  Liquidpure  Corp.  On February 14,  2002,  the
     Company changed its name to Coventure International Inc.

     The Company is a development  stage  enterprise  engaged in the business of
     developing  potable and  waste-water  treatment  solutions for  commercial,
     agricultural,  and  industrial  markets.  To  date,  the  Company  has  not
     commenced commercial activities, other than the development of its business
     plan and the acquisition of a commercial license.

   Going concern

   The accompanying consolidated financial statements have been presented
   assuming the Company will continue as a going concern. At July 31, 2001, the
   Company had accumulated $28,410 in losses and had no material revenue
   producing operations. At the date of this report, the Company's ability to
   continue as a going concern is dependent upon its ability to raise additional
   capital or merge with a revenue-producing venture partner.

2.    SIGNIFICANT ACCOUNTING POLICIES

   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 amounts reported in the financial statements and accompanying
   notes. Actual results could differ from these estimates.

   Income taxes

   The Company uses the liability method of accounting for income taxes. Under
   this method, deferred tax assets and liabilities are determined based on the
   difference between financial statement and tax bases of assets and
   liabilities and are measured using the enacted tax rates and laws that are
   expected to be in effect when the differences are expected to reverse.
   Deferred tax assets are reduced by a valuation allowance in respect of
   amounts considered by management to be less likely than not of realization in
   future periods.

   Foreign currency translation

   Unless otherwise stated, all amounts are in United States dollars. The
   functional currency of the Company is the Canadian dollar. Hence, all asset
   and liability amounts denominated in Canadian dollars have been translated
   using the exchange rate as at July 31, 2001 and all expenses have been
   translated using the average exchange rate for each month. The rates used
   were as follows:

         (equivalent Cdn $ per U.S. $)        2001              2000
                                              ----------------------
                   July 31 rate               .6525            .6756


<PAGE>


                          Coventure International Inc.
                           (formerly Liquidpure Corp.)
                        (a development stage enterprise)
                          Notes to Financial Statements
                                  July 31, 2001

                           (expressed in U.S. dollars)

2. SIGNIFICANT ACCOUNTING POLICIES (cont'd)

   Amortization

   Amortization of the license will be on the straight-line basis over a period
   of five years beginning when the Company commences commercial operations.

3.  SHARE CAPITAL

   Holders of the common stock are entitled to one vote per share and share
   equally in any dividends declared and distributions on liquidation.

4.  RELATED PARTY TRANSACTIONS

     a)   During the year,  the Company paid  management  fees of $2,026 (2000 -
          $2,053) to a former director and officer of the Company and consulting
          fees of $0  (2000 -  $5,350)  and  rent of  $1,084  (2000 - $724) to a
          company  controlled  by a former  director and officer of the Company.
          These transactions have been recorded using the exchange amount.

     b)   During the prior year, the Company acquired a non-exclusive commercial
          license from a company  controlled by a former director and officer of
          the Company for $1,000. Under the terms of the license, the Company is
          subject to a 3% royalty on the gross sales price on any products  sold
          using the technology acquired by the license and a 2.5% royalty on any
          royalties  or fees  from the sale or  lease  of the  license  to third
          parties. This transaction has been recorded using the exchange amount.
          Subsequent to July 31, 2001, the Company has abandoned this license.

5. FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK

   The Company's financial instruments consist of cash and accounts payable. It
   is management's opinion that the Company is not exposed to significant
   interest, currency or credit risks arising from these financial instruments.
   The fair value of these financial instruments approximate their carrying
   values.


<PAGE>





                                   SIGNATURES


    In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant
has caused this Report to be signed on its behalf by the undersigned, thereunto
duly authorized on the 25th day of April, 2002.

                                       Coventure International Inc.


                                       By /s/ John Hromyk
                                          ------------------------------------
                                          John Hromyk, President and Principal
                                          Financial and Accounting Officer



     Pursuant  to  the   requirements  of  the  Securities  Act  of  l933,  this
Registration  Statement  has  been  signed  by  the  following  persons  in  the
capacities and on the dates indicated.

                                    Title             Date



John Hromyk                         Director          April _____, 2002















Coventure 10-KSB July 4-25-02