U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB
(Mark One)

      |X|   ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
            ACT OF 1934

                    For Fiscal Year Ended: September 30, 2005

                                       OR

      |_|   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
            EXCHANGE ACT OF 1934

   For the transition period from __________________ to _____________________

   Commission file number             333-73004
                         ----------------------------------------------------

                            HOSTING SITE NETWORK INC.
                            -------------------------
        (Exact name of small business issuer as specified in its charter)

               Delaware                                      13-4122844
         ----------------------                          --------------------
     (State or other jurisdiction                           (IRS Employer
   of incorporation or organization)                      Identification No.)

          32 Poplar Place, Fanwood, NJ                          07023
      -----------------------------------                --------------------
    (Address of principal executive offices)                 (Zip Code)

Issuer's telephone number:          (973) 652-6333
                           ----------------------------------------------------

Securities registered under Section 12(b) of the Exchange Act:  None
                                                                ---------------

Name of each Exchange on Which Registered:  None
                                            -----------------------------------

Securities registered under Section 12(g) of the Exchange Act:  None
                                                                ---------------

      Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the issuer 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 there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of issuer'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|

      State issuer's revenues for its most recent fiscal year. None

      State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the
common equity was sold, or the average bid and asked price of such common equity
as of a specified date within the past 60 days.

      As of December 13, 2005 there were 4,253,500 issued and outstanding shares
of our common stock, $.001 par value, held by non-affiliates. The aggregate
value of the securities held by non-affiliates on December 13, 2004 was $297,745
based on the closing bid price of our common stock on December 13, 2005, which
was $.07 per share.

      State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date. 7,273,500 shares as of
December 13, 2005.

      Transitional Small Business Disclosure Format (check one):

      Yes |_| No |X|

                       DOCUMENTS INCORPORATED BY REFERENCE

                                 Not Applicable
<PAGE>

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
Item Number and Caption                                                         Page
<S>                                                                              <C>
Forward Looking Statements .......................................................3

PART 1

         Item 1.  Description of Business ........................................3
         Item 2:  Description of Property ........................................4
         Item 3.  Legal Proceedings ..............................................4
         Item 4.  Submission of Matters to Vote of Security Holders ..............4
PART II
         Item 5.  Market for Common Equity and Related Stockholders ..............4
         Item 6.  Plan of Operation ..............................................6
         Item 7.  Financial Statements ...........................................8
         Item 8.  Changes in and Disagreements with Accountants on
                  Accounting and Financial Disclosure ............................18
         Item 8A.  Controls and Procedure ........................................18
         Item 8B.  Other Information..............................................19
PART III
         Item 9.  Directors, Executive Officers, Promoters and Control Person;
                  Compliance with Section 16(a) of the Exchange Act ..............19
         Item 10. Executive Compensation .........................................21
         Item 11. Security Ownership of Certain Beneficial Owners and Management .22
         Item 12. Certain Relationships and Related Transactions .................24
         Item 13. Exhibits, List and Reports on Form 8-K .........................25
         Item 14. Principal Accountant Fees and Services .........................26
</TABLE>


                                       2
<PAGE>

                           FORWARD-LOOKING STATEMENTS

      Except for historical information, this report contains forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934. Such forward-looking statements involve risks and uncertainties,
including, among other things, statements regarding our business strategy,
future revenues and anticipated costs and expenses. Such forward-looking
statements include, among others, those statements including the words
"expects," "anticipates," "intends," "believes" and similar language. Our actual
results may differ significantly from those projected in the forward-looking
statements. Factors that might cause or contribute to such differences include,
but are not limited to, those discussed in the sections "Plan of Operation" and
"Business". You are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date of this report. We undertake no
obligation to publicly release any revisions to the forward-looking statements
or reflect events or circumstances taking place after the date of this document.

                                     PART I

                        ITEM 1. DESCRIPTION OF BUSINESS

      Business Development

      We were incorporated on May 31, 2000 in the state of Delaware to provide
businesses with a variety of Internet services including web hosting, web
consulting and electronic mail services. Due to the changing business
environment for companies providing these types of services we never commenced
our intended operations. We have had no revenues and no material operations of
any kind to date. Our inactive wholly owned subsidiary HSN (NJ), Inc. was
incorporated on August 20, 2001 in the state of New Jersey.

      On September 14, 2000, we concluded an asset purchase agreement with
Nicklas Weich (our former president, CEO, CFO and Chairman of the Board),
through which our then wholly owned subsidiary, CreativeSites.com, Inc. acquired
all of the assets of CreativeSites.com for 4,000,000 shares of our common stock.
CreativeSites.com was a sole proprietorship owned by Nick Weich, formed for the
purpose of designing and hosting web sites. On April 30, 2001 we sold
CreativeSites.com, Inc. to Nicklas Weich in exchange for his 4,000,000 shares of
our common stock. At that time Nicklas Weich resigned as president, CEO, CFO and
Chairman of the Board and Scott Ventura and John McVeigh resigned as directors.
On the same date, Scott Vicari, Matthew Sebal and Ralph Brown were appointed
directors, Mr. Vicari was appointed as president, chief executive and financial
officer, treasurer, controller, and chairman of the board and Mr. Sebal was
appointed as secretary.

      Our management is presently searching for ventures of merit for corporate
participation to enhance shareholder value. These ventures may involve sales of
our debt or equity securities in merger or acquisition transactions.

Patents, Trademarks and Licenses, Franchises, Concessions,
Royalty Agreements or Labor Contracts

      We presently utilize no patents, licenses, franchises, concessions,
royalty agreements or labor contracts in connection with our business.


                                       3
<PAGE>

Research and Development

      During the fiscal years ended September 30, 2005 and September 30, 2004 we
made no expenditures on research and development.

Employees

      As of December 13, 2005 our only employees are our two executive officers.

                        ITEM 2. DESCRIPTION OF PROPERTY

      We do not own any real property, plant or material equipment. Our
president provides us with the use of approximately 250 square feet of office
space in Fanwood, New Jersey on a rent free basis.

                           ITEM 3. LEGAL PROCEEDINGS

      No legal proceedings are presently pending or threatened.

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

      No matter was submitted during the fourth quarter of the fiscal year
covered by this report to a vote of security holders.

                                    PART II

        ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information.

      Our common stock has been quoted on the OTC Bulletin Board of the National
Association of Securities Dealers, Inc. (the "NASD") under the symbol "HSNI"
since June 20, 2002. The following table sets forth, for the fiscal quarters
indicated, the high and low closing bid prices per share of our common stock, as
derived from quotations provided by Pink Sheets, LLC. Such quotations reflect
inter-dealer prices, without retail mark-up, mark-down or commission, and may
not represent actual transactions.


                                       4
<PAGE>

  Quarter Ended                  High Bid          Low Bid
  -------------                  --------          -------

December 31, 2002                  $0.05            $0.04
March 31, 2003                     $0.04            $0.02
June 30, 2003                      $0.02            $0.02
September 30, 2003                 $0.02            $0.02
December 31, 2003                  $0.02            $0.02
March 31, 2004                     $0.03            $0.02
June 30, 2004                      $0.03            $0.03
September 30, 2004                 $0.03            $0.03
December 31, 2004                  $0.03            $0.03
March 31, 2005                     $0.03            $0.03
June 30, 2005                      $0.03            $0.03
September 30, 2005                 $0.07            $0.03

Holders

      As of December 13, 2005, there were approximately 20 record holders of our
common stock.

Dividends

      We have never declared any cash dividends with respect to our common
stock. Future payment of dividends is within the discretion of our board of
directors and will depend on our earnings, capital requirements, financial
condition and other relevant factors. Although there are no material
restrictions limiting, or that are likely to limit, our ability to pay dividends
on our common stock, we presently intend to retain future earnings, if any, for
use in our business and have no present intention to pay cash dividends on our
common stock.

Recent Sales of Unregistered Securities

      We made no sales of unregistered securities during the fiscal year ended
September 30, 2005.

Securities Authorized For Issuance Under Equity Corporation Plans

                      Equity Compensation Plan Information

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                                        Number of Securities
                                         to be issued upon                            Number of securities remaining
                                            exercise of          Weighted-average     available for future issuance
                                        outstanding options,    exercise price of    under equity compensation plans
                                        warrants and rights     options, warrants    (excluding securities reflected
                                          (a) outstanding         and rights (b)            in column (a)) (c)
----------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                     <C>                  <C>
Equity compensation plans approved              N/A                    N/A                         N/A
by security holders
----------------------------------------------------------------------------------------------------------------------
Equity compensation plans not
approved by security holders                     0                     N/A                      1,000,000
----------------------------------------------------------------------------------------------------------------------
         Total                                   0                     N/A                      1,000,000
----------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       5
<PAGE>

      In December 2002 we terminated the Hosting Site Network, Inc. 2001 Stock
Option Plan (the "2001 Plan") and adopted the Hosting Site Network, Inc. 2002
Non-Statutory Stock Option Plan (the "Plan"). No options were ever issued under
the 2001 Plan. The Plan is intended to advance our interests by inducing
individuals, and eligible entities of outstanding ability and potential to join,
remain with, or provide consulting or advisory services to us, by encouraging
and enabling eligible employees, non-employee directors, consultants and
advisors to acquire proprietary interests in us, and by providing the
participating employees, non-employee directors, consultants and advisors with
an additional incentive to promote our success. This is accomplished by
providing for the granting of non-statutory stock options (the "Options") to
employees, non-employee directors, consultants and advisors. The Plan is
presently administered by our board of directors but may be subsequently
administered by a board committee designated by our board of directors.

      The stock subject to Options granted under the Plan is shares of our
common stock, par value $.001 per share, whether authorized but unissued or held
in our treasury. The maximum number of shares of common stock which may be
issued pursuant to Options granted under the Plan shall not exceed in the
aggregate one million (1,000,000) shares, subject to adjustment in accordance
with the provisions of Section 11 of the Plan. In the event that our outstanding
common stock is subsequently changed by reason of combination of shares, reverse
split, stock dividend or the like, an appropriate adjustment will be made by the
Plan administrator in the aggregate number of shares available under the Plan,
and in the number of shares and option price per share subject to outstanding
Options. If we are reorganized, consolidated, or merged with another
corporation, the holder of an Option shall be entitled to receive upon the
exercise of his Option the same number and kind of shares of stock or the same
amount of property, cash or securities as he would have been entitled to receive
upon the happening of any such corporate event as if he has been, immediately
prior to such event, the holder of the number of shares covered by his Option.

      The class of individual or entity that is eligible to receive Options
under the Plan is all employees (including officers) and non-employee directors
of, or consultants and advisors to either us or any subsidiary corporation of
ours; provided, however, that Options shall not be granted to any consultants
and advisors unless (i) bona fide services have been or are to be rendered by
the consultant or advisor and (ii) the services are not in connection with the
offer or sale of securities in a capital raising transaction. The Plan
administrator, in its sole discretion, but subject to the provisions of the
Plan, determines the employees and non-employee directors of, and the
consultants and advisors to, us and our subsidiary corporations to whom Options
may be granted, and the number of shares to be covered by each Option, taking
into account the nature of the employment or services rendered by the
individuals or entities being considered, their annual compensation, their
present and potential contributions to our success and such other factors as the
Plan administrator may deem relevant.

      No Option granted under the Plan is transferable by the individual or
entity to whom it was granted otherwise than by will or laws of decent and
distribution, and, during the lifetime of such individual, is not exercisable by
any other person, but only by him.


                                       6
<PAGE>

                           ITEM 6. PLAN OF OPERATION

      We were incorporated on May 31, 2000 to provide businesses with a variety
of Internet services including web hosting, web consulting and electronic mail
services. Given the current Internet business environment, we have not commenced
material business operations, have not had any operating revenues, and have
concluded that our business model is not presently valid. Although we may
determine to engage in our intended Internet operations at a later date, we have
decided to look at other ventures of merit for corporate participation as a
means of enhancing shareholder value. This may involve sales of our equity or
debt securities in merger or acquisition transactions.

      We have minimal operating costs and expenses at the present time due to
our limited business activities. Accordingly, absent changed circumstances, we
will not be required to raise additional capital over the next twelve months,
although we may do so in connection with or in anticipation of possible
acquisition transactions. We do not currently engage in any product research and
development and have no plans to do so in the foreseeable future. We have no
present plans to purchase or sell any plant or significant equipment. We also
have no present plans to add employees although we may do so in the future if we
engage in any merger or acquisition transactions.


                                       7
<PAGE>

                          ITEM 7. FINANCIAL STATEMENTS

                   Index to Consolidated Financial Statements

<TABLE>
<CAPTION>
                                                                                           Page
                                                                                           ----
<S>                                                                                        <C>
Report of Independent Registered Public Accounting Firm.....................................9

Consolidated Balance Sheet as at September 30, 2005 ........................................10

Consolidated Statement of Operations for the years ended September 30, 2005 and
          September 30, 2004................................................................11

Consolidated Statement of Stockholders' Equity for the years ended September 30, 2005
          and September 30, 2004 ...........................................................12

Consolidated Statement of Cash Flows for the years ended September 30, 2005 and
          September 30, 2004 ...............................................................13

Notes to Consolidated Financial Statements..................................................14-18
</TABLE>


                                       8
<PAGE>

                Report of Independent Registered Accounting Firm

To the Board of Directors and
Stockholders of Hosting Site Network, Inc.

      We have audited the accompanying consolidated balance sheet of Hosting
Site Network, Inc. and Subsidiary as of September 30, 2005, and the related
consolidated statements of operations, stockholders' equity and cash flows for
the two years then ended. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these consolidated financial statements based on our audit.

      We conducted our audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatement. The Company
is not required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting. Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company's internal control
over financial reporting. Accordingly, we express no such opinion. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated 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 consolidated financial position of Hosting Site
Network, Inc. and Subsidiary as of September 30, 2005, and the consolidated
results of their operations and their cash flows for the two years then ended in
conformity with accounting principles generally accepted in the United States of
America.


                                                         /s/ Most & Company, LLP
                                                         -----------------------
                                                         Most & Company, LLP

New York, New York
November 23, 2005


                                       9
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2005


                                     Assets

Current Assets
      Cash                                                      $ 309,106
      Prepaid expenses                                                250
                                                                ---------

          Total Assets                                          $ 309,356
                                                                =========

                     Liabilities and Shareholders' Equity

Current Liabilities
      Accounts payable and accrued expenses                     $  12,201
                                                                ---------

Shareholders' Equity
      Preferred stock, $.0001 par value, 5,000,000
          shares authorized; none outstanding
      Common stock, $.001 par value; 100,000,000 shares
          authorized; 7,273,500 shares issued and outstanding       7,273
      Additional paid-in capital                                  758,259
      Deferred compensation                                       (16,081)
      Accumulated deficit                                        (452,296)
                                                                ---------

          Total Shareholders' Equity                              297,155
                                                                ---------

          Total Liabilities and Shareholders' Equity            $ 309,356
                                                                =========

                See notes to consolidated financial statements.


                                       10
<PAGE>

               HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENT OF OPERATIONS


                                            YEARS ENDED SEPTEMBER 30,
                                            -------------------------

                                                2005           2004
                                            -----------    -----------

General and administrative expenses         $   (74,781)   $   (93,034)

Interest income, net                              3,738          2,551
                                            -----------    -----------

     Net loss                               $   (71,043)   $   (90,483)
                                            ===========    ===========

Basic net loss per share                    $     (0.01)   $     (0.01)
                                            ===========    ===========

Basic weighted average shares outstanding     7,273,500      7,273,500
                                            ===========    ===========

                See notes to consolidated financial statements.


                                       11
<PAGE>

                     HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                   CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                              Common Stock          Additional                                 Total
                                         -----------------------     Paid-in    Accumulated     Deferred    Shareholders'
                                          Shares        Amount        Capital      Deficit    Compensation     Equity
                                         ---------    ----------    ----------   ----------    ----------    ----------
<S>                                      <C>          <C>           <C>          <C>           <C>           <C>
Balance, October 1, 2003                 7,273,500    $    7,273    $  758,259   $ (290,770)   $  (51,168)   $  423,594
                                         ---------    ----------    ----------   ----------    ----------    ----------

Amortization of deferred compensation                                                              22,222        22,222

Net loss                                                                            (90,483)                    (90,483)
                                         ---------    ----------    ----------   ----------    ----------    ----------

Balance, September 30, 2004              7,273,500         7,273       758,259     (381,253)      (28,946)      355,333

Amortization of deferred compensation                                                              12,865        12,865

Net loss                                                                            (71,043)                    (71,043)
                                         ---------    ----------    ----------   ----------    ----------    ----------

Balance, September 30, 2005              7,273,500    $    7,273    $  758,259   $ (452,296)   $  (16,081)   $  297,155
                                        ==========    ==========    ==========   ==========    ==========    ==========
</TABLE>

                See notes to consolidated financial statements.


                                       12
<PAGE>

                 HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                   CONSOLIDATED STATEMENT OF CASH FLOWS


                                               YEARS ENDED SEPTEMBER 30,
                                               -------------------------

                                                   2005         2004
                                                 ---------    ---------
Cash flow from operating activities

     Net loss                                    $ (71,043)   $ (90,483)
     Adjustments to reconcile net loss to net
         cash used in operating activities
         Amortization of deferred compensation      12,865       22,222
         Write-off in fixed assets                               11,334
         Depreciation                                             5,667
     Changes in assets and liabilities
         Prepaid expenses                             (250)
         Accounts payable and accrued expenses       6,173        2,181
                                                 ---------    ---------

     Net cash used in operating activities         (52,255)     (49,079)
                                                 ---------    ---------

Decrease in cash                                   (52,255)     (49,079)

Cash, beginning of period                          361,361      410,440
                                                 ---------    ---------

Cash, end of period                              $ 309,106    $ 361,361
                                                 =========    =========

                See notes to consolidated financial statements.


                                       13
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.    OPERATIONS

      Hosting Site Network, Inc. was incorporated in Delaware on May 31, 2000
      and HSN, Inc. (HSN) (together, Company), its wholly-owned subsidiary, was
      incorporated in New Jersey on August 21, 2001. The Company is inactive and
      is currently searching for business opportunities.

2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      Basis of Presentation

      The consolidated financial statements include the accounts of the Company.
      All material intercompany balances and transactions have been eliminated.

      Income Taxes

      Deferred income taxes have been provided for temporary differences between
      consolidated financial statement and income tax reporting under the
      liability method, using expected tax rates and laws that are expected to
      be in effect when the differences are expected to reverse. When the
      realization of deferred tax assets are not considered more likely than not
      an allowance is provided.

      Stock based compensation

      Compensation costs for common stock issued to employees were based on the
      fair value method and deferred as shareholders' equity until amortized to
      operations. The deferred compensation costs are being amortized over the
      remaining term of the employment agreement, as amended, over the
      forfeiture period.

      Basic Net loss Per Share

      Basic net loss per share was computed by dividing the net loss for the
      year by the weighted average number of shares outstanding during the year.
      Diluted net loss per share was not presented as it was anti-dilutive.


                                       14
<PAGE>

      Financial Instruments

      The carrying amounts of financial instruments, including cash and accounts
      payable and accrued expenses, approximate their fair values because of
      their relatively short maturity.

      Use of Estimates

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

      New accounting pronouncements

      Management does not believe that any recently issued, but not yet
      effective accounting pronouncements, if adopted, would have a material
      effect on the accompanying financial statements.

3.    INCOME TAXES

      The Company files consolidated tax returns. As of September 30, 2005, the
      Company has net operating loss carryforwards of approximately $460,000 to
      reduce future Federal taxable income through 2025.


                                       15
<PAGE>

      As of September 30, 2005, realization of the Company's deferred tax assets
      of $180,000 was not considered more likely than not and, accordingly, a
      valuation allowance of $180,000 has been provided.

      As of September 30, 2005, deferred tax assets consisted of the following:

            Net operating loss                   $ 186,000
            Deferred compensation                   (6,000)
                                                 ---------

                                                   180,000
            Valuation allowance                   (180,000)
                                                 ---------

                                                    None
                                                    ====

      For the years ended September 30, 2005 and 2004, deferred income tax
      expense consisted of the following:

                                       2005        2004
                                     --------    --------

            Net operating loss       $ 30,000    $ 27,000
            Deferred compensation       5,000       6,000
            Depreciation                            5,000
                                     --------    --------
                                       35,000      38,000
            Valuation allowance       (35,000)    (38,000)
                                     --------    --------

                                       None        None
                                       ====        ====

      For the years ended September 30, 2005 and 2004, the following is a
      reconciliation of the expected income tax benefit utilizing the statutory
      Federal tax rate to the income tax benefit reported on the statement of
      operations:

                                              2005        2004
                                            --------    --------

            Expected income tax benefit     $(32,000)   $(34,000)
            State taxes                       (3,000)     (4,000)
            Change in valuation allowance     35,000      38,000
                                            --------    --------

                                              None        None
                                              ====        ====
4.    EQUITY

      As of September 30, 2005, under an employment agreement (Agreement), as
      amended, with the Company's president, the Company had previously issued
      3,000,000 shares of the Company's common stock in exchange for
      compensation.


                                       16
<PAGE>

      However, if employment with the Company is terminated: (1) prior to
      December 31, 2005, he forfeits the entire 3,000,000 shares of the
      Company's stock; (2) prior to December 31, 2006, he forfeits 2,000,000
      shares; and (3) prior to December 31, 2007, he forfeits the remaining
      1,000,000 shares.

      The compensation has been amortized over the employment term and through
      the balance of the forfeit period. For the years ended September 30, 2005,
      and 2004, compensation expense was $12,865 and $22,222, respectively.

      In December 2005, the Agreement was amended to extend both employment and
      forfeit periods by twelve months.

      As of September 30, 2005, the Company has reserved shares of common stock,
      as follows:

                               Warrants(a)   1,250,000
                               Options       1,000,000
                                             ---------

                                             2,250,000
                                             =========

      (a) Each warrant entitles the holder to purchase one share of common stock
      at $1.20, per share, throughout 2007.

5.    STOCK OPTION PLAN

      In December 2002, the Company terminated its 2001 Stock Option Plan and
      adopted the 2002 Non-Statutory Stock Option Plan (Plan). The Company had
      granted no options under the 2001 Stock Option Plan.

      The Plan provides for the granting of non-statutory stock options, through
      2012, to purchase up to 1,000,000 shares of common stock, subject to
      adjustments for stock splits, stock dividends, recapitalizations or
      similar capital changes. Options may be granted to employees (including
      officers) and directors of the Company and certain of the Company's
      consultants and advisors.

      The Plan is administered by the Company's Board of Directors which
      determines the grantee, number of shares and exercise price and period.
      The Board of Directors also interprets the provisions of the Plan and,
      subject to certain limitations, may amend the Plan.

      As of September 30, 2005, no options have been granted.


                                       17
<PAGE>

6.    WRITE-OFF OF FIXED ASSETS

      As of September 30, 2004, the Company evaluated the carrying value of
      fixed assets and determined they were not recoverable and, as such,
      wrote-off the carrying value.

7.    CONCENTRATIONS OF CREDIT RISK

      The Company maintains cash in financial institutions in excess of insured
      limits. In assessing its risk, the Company's policy is to maintain cash
      only with reputable financial institutions.


                                       18
<PAGE>

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

Not applicable.

                        ITEM 8A. CONTROLS AND PROCEDURES

      Our principal executive and financial officer evaluated the effectiveness
of our disclosure controls and procedures as of the end of the period covered by
this report. Based on this evaluation, our principal executive and financial
officer concluded that our disclosure controls and procedures are effective for
gathering, analyzing and disclosing the information we are required to disclose
in the reports we file under the Securities Exchange Act of 1934, within the
time periods specified in the Commission rules and forms. Such evaluation did
not identify any change in the year ended September 30, 2005 that has materially
affected or is reasonably likely to materially affect our internal control over
financial reporting.

                           ITEM 8B. OTHER INFORMATION

      Not applicable.

                                    PART III

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

Executive Officers and Directors

      The following table sets forth certain information, as of December 13,
2005, with respect to our directors and executive officers.

      Directors serve until the next annual meeting of the stockholders; until
their successors are elected or appointed and qualified, or until their prior
resignation or removal. Officers serve for such terms as determined by our board
of directors. Each officer holds office until such officer's successor is
elected or appointed and qualified or until such officer's earlier resignation
or removal. No family relationships exist between any of our present directors
and officers.
                                                           Date of Election
                                                            or Appointment
Name            Positions Held                     Age       as Director
----            --------------                     ---     ----------------
Scott Vicari    Chairman of the Board, President,  33       April 30, 2001
                Treasurer, CEO, CFO, Controller
Matthew Sebal   Secretary, Director                35       April 30, 2001
Ralph Brown     Director                           72       April 30, 2001

      The following is a brief account of the business experience of each of our
directors and executive officers during the past five years or more.


                                       19
<PAGE>

      Scott Vicari has served as our President, Treasurer, CEO, CFO, Controller
and Chairman of the Board since April 30, 2001. Mr. Vicari is responsible, among
other things, for our accounting and financial reporting. Mr. Vicari has worked
in the computer network hardware/software industry since 1991. Mr. Vicari is a
co-owner of Accounteks, LLC, which provides computer consulting to help clients
maintain and operate their accounting and billing computer systems. From 1991 to
1996 he was the manager of Information Systems for Clinton Industries
Incorporated, an industrial sewing machine manufacturer. From 1997 to 2001 he
was a network consultant with e-partners, Inc., an accounting software
consultant. During that period he was trained and certified on numerous industry
standard software/hardware including Microsoft, Novel, Cisco, Citrix and Sage.
He currently holds Microsoft MCSE, Cisco CCNA and Best Software certifications.
He has worked as an IT administrator and IT consultant implementing a variety of
network software/hardware and Internet projects for numerous clients. Mr. Vicari
graduated from Bergen Community College in New Jersey with an A.S. degree in
Business Management in 1994.

Matthew Sebal has served as our Secretary and Director since April 30, 2001.
From January 2002 to the present Mr. Sebal has served as President and as a
Director of 51st State Systems, Inc. a privately held company. 51st State
Systems develops web sites and web-based applications for small-to-medium
organizations in industry, government, and education. From May 2002 to present
Mr. Sebal has served as President and as a Director of DCM Enterprises, Inc., a
publicly reporting management and investment holding company. From July 2002 to
present Mr. Sebal has served as Chairman of the Board of Directors of NES
Worldwide, Inc., a Delaware corporation, engaged in the filing of EDGAR(R)
reports on behalf of public companies with the United States Securities and
Exchange Commission. From September 2002 to present, Mr. Sebal has served as a
Director of BHC, Inc., a Delaware corporation engaged as a provider of branded
online marketing and distribution of travel products and services for leisure
and small business travelers. From the period between June 2000 to January 2003,
Mr. Sebal held one or more of the following the positions: Secretary, President,
Chairman and CEO, and Director, of Return Assured Incorporated. Return Assured
Incorporated had been a publicly reporting company involved in enabling e-retail
transactions. As of January, 2003 Return Assured Incorporated is no longer a
publicly reporting company. Return Assured Incorporated has had no operations
since 2001. From November 2000 to October 2003 Mr. Sebal served as a Director of
Mindfuleye, Inc., a publicly reporting company that developed software for
licensing to the investment community. The software delivered proprietary
content directly to users by web, desktop, wireless, and e-mail interfaces. As
of October, 2003 Mindfuleye, Inc. is no longer a publicly reporting company.
Mindfuleye, Inc has had no operations since 2001. From December 1998 to June
2000, Mr. Sebal was a Principal in IBM's e-business Services Group for Canada.
From 1997 to 1998, Mr. Sebal was Director of Business Development for
Communicate.com (formerly IMEDIAT Digital). From 1995 to 1997, Mr. Sebal was a
Senior Account Manager for Emerge Online, Inc. a web site design and development
firm. Mr. Sebal holds a baccalaureate degree in Political Science from the
University of Western Ontario, Canada.

      Ralph Brown has served as one of our directors since April 30, 2001. He
has practiced law in Toronto, Canada since 1959. He is also Secretary and a
director of the Canadian Film Centre, the Chairman of Feature Film Project, and
a director of the Norman Jewison Charitable Foundation. From October 1991 to
July 1999, he was a partner in the law firm of Miller Thomson. Since August of
1999 to the present time, Mr. Brown has been a sole proprietor in Canada. Mr.
Brown's practice concentrates on corporate, commercial and entertainment law. He
acts for a diverse range of clients in private and public companies, varying in
size from small owner-operated businesses to large, diversified corporations.
Mr. Brown received his LL.B. from Osgood Hall Law School, York University in
1959, his B.A. from University of Toronto in 1955. He was called to the Ontario
Bar in 1959 and was appointed Queen's Counsel in 1975. He is a member of the
Canadian Bar Association.


                                       20
<PAGE>

Board of Directors

      Except for Ralph Brown, who receives $333 per month for serving as a
director, none of our directors receive any remuneration for acting as such.
Directors may however be reimbursed their expenses, if any, for attendance at
meetings of the Board of Directors. Our Board of Directors may designate from
among its members an executive committee and one or more other committees. No
such committees have been appointed to date. Accordingly, we do not have an
audit committee financial expert.

Compliance with Section 16(a) of the Exchange Act

      Our common stock is not registered pursuant to Section 12 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Accordingly,
our officers, directors and principal shareholders are not subject to the
beneficial ownership reporting requirements of Section 16(a) of the Exchange
Act.

Code of Ethics

      On December 1, 2004 we adopted a Code of Ethics that applies to our
principal executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions. A copy of our
Code of Ethics will be provided to any person requesting same without charge. To
request a copy of our Code of Ethics please make written request to our
President c/o Hosting Site Network Inc. at 32 Poplar Place, Fanwood, New Jersey
07023.

                        ITEM 10. EXECUTIVE COMPENSATION

      The following table sets forth information concerning the total
compensation paid or accrued by us during the three fiscal years ended September
30, 2005 to (i) all individuals that served as our chief executive officer or
acted in a similar capacity for us at any time during the fiscal year ended
September 30, 2005 and (ii) all individuals that served as executive officers of
ours at any time during the fiscal year ended September 30, 2004 that received
annual compensation during the fiscal year ended September 30, 2005 in excess of
$100,000.

<TABLE>
<CAPTION>
                                          Summary Compensation Table

                                   Annual Compensation                          Long-Term Compensation
                                   -------------------                          ----------------------

                      Fiscal Year
Name and                 Ended                          Other       Options/    Restricted   LTIP      All Other
Principal Position   September 30,  Salary   Bonus   Compensation     SARs     Stock Awards Payouts  Compensation
------------------   -------------  ------   -----   ------------     ----     ------------ -------  ------------
<S>                      <C>          <C>      <C>        <C>           <C>        <C>         <C>         <C>
Scott Vicari,            2005         0        0          0             0          0           0           0
Chief Executive          2004         0        0          0             0          0           0           0
Officer, President       2003         0        0          0             0          0           0           0
</TABLE>

(1)   On or about April 30, 2001 we issued 3,000,000 restricted shares of our
      common stock to Mr. Vicari pursuant to Mr. Vicari's three year employment
      agreement with us dated April 30, 2001. These shares are subject to
      forfeiture based upon the term of his employment with us. Due to the
      inactivity of the Company, in December 2003, December 2004, and December
      2005 we revised Mr. Vicari's employment agreement to extend the vesting
      periods on the 3,000,000 shares issued in the employment agreement. As the
      result of the December 2005 amendment, if Mr. Vicari is not employed by us
      at December 31, 2006 he forfeits all of the shares. If Mr. Vicari is
      employed by us at December 31, 2006 but not employed by us at December 31,
      2007 he forfeits 2,000,000 of the shares. If Mr. Vicari is employed by us
      at December 31, 2007 but not employed by us at December 31, 2008 he
      forfeits 1,000,000 of the shares.


                                       21
<PAGE>

Option/SAR Grants In Last Fiscal Year

      No stock options or stock appreciation rights were granted to the named
executive during the fiscal year ended September 30, 2005.

Stock Option Plans

      The named executive did not participate in any Company stock option plans
during the fiscal year ended September 30, 2005.

Aggregate Option/SAR Exercises and Fiscal Year End Option/SAR Values

      During the fiscal year ended September 30, 2005 there were no exercises of
stock options by the named executive. As at September 30, 2005 the named
executive owned no stock options. The named executive has never received stock
appreciation rights.

Long Term Incentive Plan Awards

      We made no long-term incentive plan awards to the named executive officer
during the fiscal year ended September 30, 2005.

Employment Contracts, Termination of Employment, and Change-in-Control
Arrangements

      During the fiscal year ended September 30, 2005 we had no employment
agreements, compensation plans or arrangements with respect to the named
executive officer which would in any way result in payments being made to such
executive officer because of his resignation, retirement or other termination of
employment with us or our subsidiaries, or because of any change in control or a
change in such executive officer's responsibilities following a change in
control.

Compensation of Directors

      Ralph Brown is paid $333 per month for serving as a director. None of our
other directors receive any compensation for serving as such, for serving on
committees of the board of directors or for special assignments. During the
fiscal year ended September 30, 2005 there were no other arrangements between us
and our directors that resulted in our making payments to any of our directors
for any services provided to us by them as directors.

Report on Repricing of Options/SARs

      During the fiscal year ended September 30, 2005 we did not adjust or amend
the exercise price of stock options or SARs previously awarded to the named
executive

    ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

      The following table sets forth information with respect to the beneficial
ownership of our common stock known by us as of December 13, 2005 by (i) each
person or entity known by us to be the beneficial owner of more than 5% of our
common stock, (ii) each of our directors, (iii) each of our executive officers,
and (iv) all of our directors and executive officers as a group. The percentages
in the table have been calculated on the basis of treating as outstanding for a
particular person, all shares of our common stock outstanding on such date and
all shares of our common stock issuable to such holder in the event of exercise
of outstanding options, warrants, rights or conversion privileges owned by such
person at said date which are exercisable within 60 days of such date. Except as
otherwise indicated, the persons listed below have sole voting and investment
power with respect to all shares of our common stock owned by them, except to
the extent such power may be shared with a spouse.


                                       22
<PAGE>

<TABLE>
<CAPTION>
                Name and Address                   Shares of Common Stock         Percentage
              of Beneficial Owner                    Beneficially Owned         Ownership (1)
              -------------------                    ------------------         -------------
<S>                                                  <C>                        <C>
Seloz Gestion & Finance SA (2)                           700,000(3)                 9.2%
1, Rue Hugo-de-Senger
1211 Geneva 4
Switzerland

CCD Consulting Commerce Distribution AG (4)              700,000(3)                 9.2%
Glockengasse 4
4001 Basel
Switzerland

Scott Vicari                                           3,000,000(5)                41.2%
262 Gettysburg Way
Lincoln Park, NJ  07035

Matthew Sebal                                             10,000                    (6)
170 West 6th Avenue
Vancouver, British Columbia V5Y 1K6
Canada

Ralph Brown                                               10,000                    (6)
112 St. Claire Avenue West, Suite 400
Toronto, Ontario M4V 2Y3
Canada
All directors and executive officers                   3,020,000                   41.5%
as a group (3 persons)
</TABLE>

(1)   Based upon 7,273,500 shares issued and outstanding as at December 13,
      2005.

(2)   The beneficial owner of Seloz Gestion & Finance SA is Rene Belser.

(3)   Includes 350,000 shares underlying presently exercisable warrants.

(4)   The beneficial owner of CCD Consulting Commerce Distribution AG is Fred
      Dukas.

(5)   Pursuant to the terms of Mr. Vicari's employment agreement, as amended, if
      he is no longer employed with us prior to December 31, 2006 he forfeits
      all 3,000,000 shares. If he is employed by us at December 31, 2006 but no
      longer employed with us at December 31, 2007 he forfeits 2,000,000 of
      these shares. If he is employed by us at December 31, 2007 but no longer
      employed with us at December 31, 2008 he forfeits 1,000,000 of these
      shares.


                                       23
<PAGE>

(6)   Less than 1%

Changes in Control

      Not Applicable.

            ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

      In April, 2001 we issued 3,000,000 shares of our common stock to our
president Scott Vicari in consideration of his engagement as our president.
These shares are subject to forfeiture based upon the term of his employment.
Pursuant to the terms of our employment contract with Mr. Vicari, as amended, if
he is no longer employed with us prior to December 31, 2006 he forfeits all
3,000,000 of these shares. If he is employed by us at December 31, 2006 but no
longer employed with us prior to December 31, 2007 he forfeits 2,000,000 of
these shares. If he is employed by us at December 31, 2007 but no longer
employed with us prior to December 31, 2008 he forfeits 1,000,000 of these
shares. These shares were valued at $.05 per share.

      Ralph Brown is paid $333 per month for serving as a director.


                                       24
<PAGE>

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

Reports on Form 8-K

      None.

Exhibits

      The following Exhibits are being filed with this Annual Report on Form
10-KSB:

<TABLE>
<CAPTION>
Exhibit         SEC Report
   No.        Reference Number                          Description
-------       ----------------                          -----------
<S>           <C>                      <C>
  3.1               3.1                Certificate of Incorporation of Registrant filed May 31, 2000. (1)

  3.2               3.2                Certificate of Amendment to Certificate of Incorporation of Registrant
                                       filed March 6, 2002. (4)

  3.3               3.2                By-Laws of Registrant. (1)

  3.4               3.3                Amended By-Laws of Registrant. (3)

 10.1              10.1                Registrant's 2001 Stock Option Plan adopted April 30, 2001. (1)

 10.2              10.2                Executive Employment Agreement dated April 30, 2001 between Registrant and
                                       Scott Vicari. (2)
 10.3              10.3                Registrant's 2002 Non-Statutory Stock Option Plan(5)

 10.4              10.4                Amendment dated December 2, 2002 to Executive Employment Agreement dated
                                       April 30, 2001 between Registrant and Scott Vicari(5)
 10.5              10.5                Loan Agreement dated as of July 12, 2002 by and among Registrant, 2
                                       Chansis, Inc., Ray Grimm and Alfred Hanser(5)

 10.6              10.6                Amendment dated December 13, 2004 to Executive Employment Agreement dated
                                       April 30, 2001 between Registrant and Scott Vicari(6)

 10.7              10.7                Amendment dated December 7, 2005 to Executive Employment Agreement dated
                                       April 30, 2001 between Registrant and Scott Vicari(7)

 14                                    Code of Ethics(6)

 21                                    List of Subsidiaries of Registrant(7)

 31.1/31.2                             Rule 13(a) - 14(a)/15(d) - 14(a) Certification of Principal Executive and
                                       Financial Officer(7)

 32.1/32.2                             Rule 1350 Certification of Chief Executive and Financial Officer(7)
</TABLE>


                                       25
<PAGE>

(1)   Filed with the Securities and Exchange Commission on August 11, 2001 as an
      exhibit, numbered as indicated above, to the Registrant's registration
      statement (SEC File No. 333-73004) on Form SB-2, which exhibit is
      incorporated herein by reference.

(2)   Filed with the Securities and Exchange Commission on January 11, 2002, as
      an exhibit, numbered as indicated above, to the Registrant's registration
      statement (SEC File No. 333-73004) on Form SB-2 (Amendment No. 2), which
      exhibit is incorporated herein by reference.

(3)   Filed with the Securities and Exchange Commission on February 8, 2002 as
      an exhibit, numbered as indicated above, to the Registrant's registration
      statement (SEC File No. 333-73004) on Form SB-2 (Post-Effective Amendment
      No. 1), which exhibit is incorporated herein by reference.

(4)   Filed with the Securities and Exchange Commission on April 11, 2002, as an
      exhibit, numbered as indicated above, to the Registrant's registration
      statement (SEC File No. 333-73004) on Form SB-2 (Post Effective Amendment
      No. 3), which exhibit is incorporated herein by reference.

(5)   Filed with the Securities and Exchange Commission on January 14, 2003 as
      an exhibit, numbered as indicated above, to the Registrant's Annual Report
      on Form 10KSB for the fiscal year ended September 30, 2002.

(6)   Filed with the Securities and Exchange Commission on December 21, 2004 as
      an exhibit, numbered as indicated above, to the Registrant's Annual Report
      on Form 10KSB for the fiscal year ended September 30, 2004.

(7)   Filed herewith.


                ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees.

         The aggregate fees billed to us by our principal accountant for
services rendered during the fiscal years ended September 30, 2005 and 2004 are
set forth in the table below:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
Fee Category                     Fiscal year ended September 30, 2005            Fiscal year ended September 30, 2004
---------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                                             <C>
Audit fees (1)                   22,000                                          19,000
---------------------------------------------------------------------------------------------------------------------------------
Audit-related fees (2)           0                                               0
---------------------------------------------------------------------------------------------------------------------------------
Tax fees (3)                     0                                               0
---------------------------------------------------------------------------------------------------------------------------------
All other fees (4)               0                                               0
---------------------------------------------------------------------------------------------------------------------------------
Total fees                       22,000                                          19,000
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

(1)           Audit fees consists of fees incurred for professional services
              rendered for the audit of consolidated financial statements, for
              reviews of our interim consolidated financial statements included
              in our quarterly reports on Form 10-QSB and for services that are
              normally provided in connection with statutory or regulatory
              filings or engagements.


                                       26
<PAGE>

(2)   Audit-related fees consists of fees billed for professional services that
      are reasonably related to the performance of the audit or review of our
      consolidated financial statements, but are not reported under "Audit
      fees."

(3)   Tax fees consists of fees billed for professional services relating to tax
      compliance, tax planning, and tax advice.

(4)   All other fees consists of fees billed for all other services.

Audit Committee's Pre-Approval Practice.

      Insomuch as we do not have an audit committee, our board of directors
performs the functions of an audit committee. Section 10A(i) of the Securities
Exchange Act of 1934 prohibits our auditors from performing audit services for
us as well as any services not considered to be "audit services" unless such
services are pre-approved by the board of directors (in lieu of the audit
committee) or unless the services meet certain de minimis standards.


                                       27
<PAGE>

                                   SIGNATURES

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

Date: December 13, 2005              HOSTING SITE NETWORK INC.


                                     By:  /s/ Scott Vicari
                                          -------------------------------------
                                          Scott Vicari,
                                          President and Chief Executive 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.

<TABLE>
<CAPTION>
              SIGNATURE                                        TITLE                             DATE
------------------------------------         ---------------------------------------      -----------------
<S>                                          <C>                                          <C>

/s/ Scott Vicari                             President, Treasurer Chief Executive         December 13, 2005
------------------------------------         Officer, Chief Financial and Accounting
Scott Vicari                                 Officer

Majority of
Board of Directors

/s/ Scott Vicari                             Director                                     December 13, 2005
------------------------------------
Scott Vicari

/s/ Matthew Sebal                            Director                                     December 13, 2005
------------------------------------
Matthew Sebal
</TABLE>


                                       28