U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   Form 10-KSB

 ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the fiscal year ended December 31, 2002

                          Commission File No: 333-68312




                                RESERVENET, INC.
                     (Name of small business in its charter)

                 DELAWARE                                    94-3381088
(State or other jurisdiction of Incorporation)         (IRS Employer Id. No.)


    3701 Sacramento St. #323
    San Francisco, CA                                         94118
(Address of Principal Office)                               Zip Code


                    Issuer's telephone number: (415) 752-2578


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Yes No_X_

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.  Yes X No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. As of June 30, 2003, the following
shares of common were outstanding: Common Stock, par value of $0.0001, 1,900,000
shares.

Transitional Small Business Disclosure Format (Check one): Yes X No

<PAGE>


TABLE OF CONTENTS

                            FORM 10-KSB ANNUAL REPORT

                                RESERVENET, INC.


Index
PART I.

Item 1.   Description  of  Business
Item 2.   Description  of  Property
Item 3.   Legal  Proceedings
Item 4.   Submission  of  Matters  to  a  Vote  of  Security  Holders

PART II

Item 5.   Market  for  the Registrant's Common Equity And Related Stockholder
          Matters
Item 6.   Management's  Discussion  and  Analysis  of  Financial
          Condition  and  Results  of  Operations
Item 7.   Financial  Statements
Item 8.   Changes in and Disagreements on Accounting and Financial Disclosures

PART III

Item 9.   Directors,  Executive  Officers,  Promoters  and  Control
          Persons;  Compliance  with  Section  16  (a)  of
          The  Exchange  Act
Item 10.  Executive  Compensation
Item 11.  Security  Ownership  of  Certain  Beneficial  Owners
          and  Management
Item 12.  Certain  Relationships  and  Related  Transactions

PART IV

Item 13.  Exhibits  and  Reports  of  Form  8-K
Item 14.  Controls  and  Procedures

SIGNATURES
Certifications



<PAGE>

PART 1

ITEM 1.  Description of Business

ReserveNet, Inc. was incorporated in Delaware on November 22, 2000 for the
purpose of developing a web-based reservation management system for the
restaurant industry. ReserveNet is not yet operational, however, limited
development has begun on its website (www.ReserveNet.ws). Although the website
is accessible at this time, it's purpose is purely informational until which
time ReserveNet is successful in raising capital for further development. The
Company has not secured any arrangements for financing despite our on-going
efforts to attract investment capital.

ReserveNet is a development stage company, whose business plan is to provide
consumer reservation services to the restaurant industry. ReserveNet hopes to
develop a web-based reservation system that allows consumers to place
reservations directly with restaurants through the ReserveNet website. The
company hopes to generate subscription revenue from restaurants and advertising
revenue through its website. Consumers will have the ability to search an
interactive database of available restaurant reservations that can be refined to
a particular geographic location convenient to the consumer. The search could
also be further refined by type of cuisine, average price, and/or favorable
restaurant reviews.

ReserveNet believes that a significant amount of information can be obtained
from its user base that may be valuable to advertisers and restaurants to
formulate more targeted marketing campaigns. Our website will make active use of
a file called a "cookie" which would be downloaded to our registered users'
computers. Cookies can be used to determine what web sites a user frequents,
store database information, customize page settings, or anything that would make
a site individual and customizable. There are many reasons a given site would
wish to use cookies. These range from the ability to personalize information, or
to help with on-line sales/services, or simply for the purposes of tracking
popular links or demographics. Cookies also provide programmers with a means of
keeping site content fresh and relevant to the user's interests. Most web
servers use cookies to help with back-end interaction as well, which can improve
the utility of a site by being able to securely store any personal data that the
user has shared with a site. By utilizing this data, ReserveNet hopes to provide
a more unique and individualized experience to its users.

ReserveNet plans to create a proprietary website to serve as the front-end of
its reservation management system for internet users. We are currently seeking
partnerships with high traffic web sites to provide links to the ReserveNet
service. ReserveNet's objective is to grow our user base through these web
partnerships.

ITEM 2.  Description of Property

ReserveNet's principal executive office address is 3701 Sacramento St. #323, San
Francisco, CA. The principal executive office and telephone number are provided
by an officer of the corporation. The costs associated with the use of the
telephone and mailing address were deemed by management to be immaterial.
Management considers the current principal office space arrangement adequate
until such time as we are able to raise additional funds to justify expansion of
our offices.



<PAGE>

ITEM 3.  Legal Proceedings

ReserveNet is not currently involved in any legal proceedings and is not aware
of any pending or potential legal actions.

ITEM 4. Submission  of  Matters  to  a  Vote  of  Security  Holders

On December 31, 2002, the majority shareholder, , voted to extend the terms of
ReserveNet's Directors to 12/31/03.



PART II


ITEM 5. Market  for  the Registrant's Common Equity And Related Stockholder
        Matters

ReserveNet is in the process of filing for trading on the OTC Electronic
Bulletin Board which is sponsored by the National Association of Securities
Dealers (the "NASD"). There can be no assurance that ReserveNet Inc. will be
cleared for trading by the NASD. The OTC Electronic Bulletin Board is a network
of security dealers who buy and sell stock. The dealers are connected by a
computer network that provides information on current "bids", "asks" and volume.

As of the date of this filing, there is no public market for our securities.
There has been no public trading of our securities, and, therefore, no high and
low bid pricing. As of December 31, 2002, ReserveNet had twenty-six (26)
shareholders of record. We have paid no cash dividends and have no outstanding
options.

ITEM 6. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations.

Plan of Operation

ReserveNet is a development stage company, whose business plan is to provide
consumer reservation services to the restaurant industry. ReserveNet hopes to
develop a web-based reservation system that allows consumers to place
reservations directly with restaurants through the www.ReserveNet.ws website.
The company anticipates revenue will be generated through restaurant
subscriptions and advertising through its website. Consumers will have the
ability to search an interactive database of available restaurant reservations
that may be refined to a particular geographic location convenient to the
consumer. The search may also be further refined by type of cuisine, average
price, and/or favorable restaurant reviews.

ReserveNet is seeking to raise capital in three tranches; $300,000 , $1,500,000,
and $1,500,000 for a total of $3,300,000 by way of a private equity offering,
debt, or some combination thereof to fund its product development, initial
product rollout, establish offices, pay salaries and purchase capital equipment.
ReserveNet will seek to raise this money in three private offering installments,
but may elect to undertake a public offering. The company has not received any
additional financing commitments and may rely on funds loaned to it by its
founder and CEO.

Results of Operations

The company has not begun its planned operations. Expenditures since inception
and for the requisite reporting periods have been General and Administrative in
nature. These represent the costs associated with professional fees, phone
expenses, small equipment, and expenses related to investor, engineering and
strategic partnership meetings, amongst other categories.

For the year ended December 31, 2002, Operating Expenses were $8,751 compared to
$19,368 for the comparable period in 2001. These amounts represent Net Losses
for the company that will provide tax credits to offset Net Income in future
periods. As a result of the lack of operating capital, efforts were made to
decrease spending in all categories including travel, postage, communications,
and other general and administrative expenses.

Liquidity

Management plans to seek bridge financing from its founder and other third
parties to provide for the short-term operating needs of the Company until
permanent equity financing can be realized. The Company expects to raise
additional capital through a private placement equity offering to fund product
development and operations until the Company can achieve self-sustaining cash
flows. The ability of the company to raise financing will affect its status as a
going concern. There can be no guarantee or assurance that the Company would be
successful in raising additional proceeds. If additional financing cannot be
secured, ReserveNet, Inc. would be unlikely to progress its business plan. In
that event, management may elect to suspend its business until sufficient
financing is secured, market its intellectual property, or cease operations
entirely.



<PAGE>


STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report contains various forward-looking statements that are based on the
Company's beliefs as well as assumptions made by and information currently
available to the Company. When used in this report, 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 projections or estimates
contained herein. Factors which could cause actual results to differ materially
include, among others, unanticipated, or unexpected costs and expenses,
competition and changes in market conditions, lack of adequate management
personnel and the like. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those anticipated, estimated or projected. The Company
cautions against placing undue reliance on forward-looking statements.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

The audited financial statements of registrant for the twelve months ended
December 31, 2002 follow. The financial statements reflect all adjustments,
which are, in the opinion of management, necessary to a fair statement of the
results for the periods presented.

<PAGE>







                                TABLE OF CONTENTS
                                -----------------





                                                                            PAGE

Independent Auditors' Report                                                  1

Balance Sheets                                                                2

Statements of Operations                                                      3

Statements of Stockholders' Equity                                            4

Statements of Cash Flows                                                      5

Footnotes                                                                     6




<PAGE>




                                ReserveNet, Inc.
                          (A Development Stage Company)

                                 Balance Sheets
                                      as of
                           December 31, 2002 and 2001

                                       and

                            Statements of Operations,
                            Stockholders' Equity, and
                                   Cash Flows
                               for the years ended
                           December 31, 2002 and 2001,
                                       and
                                for the period of
                      October 31, 2000 (Date of Inception)
                                     through
                                December 31, 2002



<PAGE>

Beckstead and Watts, LLP
-------------------------
Certified Public Accountants
                                                         3340 Wynn Road, Suite B
                                                             Las Vegas, NV 89102
                                                                    702.257.1984
                                                              702.362.0540 (fax)

                          INDEPENDENT AUDITORS' REPORT

Board of Directors
ReserveNet, Inc.

We have audited the Balance Sheets of ReserveNet, Inc. (the "Company") (A
Development Stage Company), as of December 31, 2002, and the related Statements
of Operations, Stockholders' Equity, and Cash Flows for the year then ended and
for the period October 31, 2000 (Date of Inception) to December 31, 2002. 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. The financial statements of ReserveNet, Inc. as of December 31, 2001,
were audited by G. Brad Beckstead, CPA, sole practitioner, whose report dated
May 19, 2002, on those statements included an explanatory going concern
paragraph discussed in Note 3 to the financial statements.

We conducted our audit in accordance with generally accepted auditing standards
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statement presentation. 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 ReserveNet, Inc. (A Development
Stage Company) as of December 31, 2002, and the results of its operations and
cash flows for the year then ended and for the period October 31, 2000 (Date of
Inception) to December 31, 2002, in conformity with generally accepted
accounting principles in the United States of America.

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As discussed in Note 3 to the financial
statements, the Company has had limited operations and have not commenced
planned principal operations. This raises substantial doubt about its ability to
continue as a going concern. Management's plan in regard to these matters is
also described in Note 3. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



July 3, 2003



                                       1
<PAGE>

                                ReserveNet, Inc.
                          (a Development Stage Company)
                                 Balance Sheets


                                                               December 31,
                                                            ------------------
                                                              2002      2001
                                                            --------  --------
Assets

Current assets:
    Cash                                                    $   --    $  5,720
    Due from shareholder                                        --         755
                                                            --------  --------
      Total current assets                                      --       6,475
                                                            --------  --------

                                                            $   --    $  6,475
                                                            ========  ========

Liabilities and Stockholders' Equity

Current liabilities:
    Checks issued in excess of available cash               $     29  $   --
    Accounts payable                                             465      --
    Due to shareholder                                         1,782      --
                                                            --------  --------
      Total current liabilities                                2,276      --
                                                            --------  --------

Stockholders' equity:
    Common stock, $0.0001 par value, 100,000,000 shares
      authorized, 1,900,000 shares issued and outstanding        190       190
    Additional paid-in capital                                28,310    28,310
    (Deficit) accumulated during development stage           (30,776)  (22,025)
                                                            --------  --------
                                                              (2,276)    6,475
                                                            --------  --------

                                                            $   --    $  6,475
                                                            ========  ========


   The accompanying notes are an integral part of these financial statements.
<PAGE>
<TABLE>
<CAPTION>

                                          ReserveNet, Inc.
                                    (a Development Stage Company)
                                      Statements of Operations



                                                            For the year ended       October 31, 2000
                                                                December 31,           (Inception) to
                                                         --------------------------    December 31,
                                                            2002           2001          2002
                                                         -----------    -----------    -----------
<S>                                                      <C>            <C>            <C>
Revenue                                                  $      --      $      --      $      --
                                                         -----------    -----------    -----------

Expenses:
   General and administrative expenses                         8,751         18,568         29,976
   General and administrative expenses - related party          --              800            800
                                                         -----------    -----------    -----------
     Total expenses                                            8,751         19,368         30,776
                                                         -----------    -----------    -----------

Net (loss)                                               $    (8,751)   $   (19,368)   $   (30,776)
                                                         ===========    ===========    ===========

Weighted average number of
   common shares outstanding - basic and fully diluted     1,900,000      1,704,110
                                                         ===========    ===========

Net (loss) per share - basic and fully diluted           $     (0.00)   $     (0.01)
                                                         ===========    ===========





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

                                                  3
</TABLE>


<PAGE>
<TABLE>
<CAPTION>

                                                      ReserveNet, Inc.
                                               (a Development Stage Company)
                                             Statement of Stockholders' Equity




                                                                                        (Deficit)
                                              Common Stock                              Accumulated
                                    --------------------------------   Additional          During             Total
                                                                         Paid-in         Development      Stockholders'
                                        Shares           Amount          Capital            Stage             Equity
                                    ---------------  ---------------  ---------------  ----------------  -----------------
<S>                                 <C>              <C>              <C>              <C>               <C>
December 2000
    Founders shares                      1,400,000                7            3,493                                3,500

Net (loss)
    October 31, 2000
    (inception) to
    December 31, 2000                                                                           (2,657)            (2,657)
                                    ---------------  ---------------  ---------------  ----------------  -----------------

Balance, December 31, 2000               1,400,000                7            3,493            (2,657)               843

May 2001
    Private offering                       500,000                3           24,997                               25,000

May 2001
    Recapitalization
    adjustment                                                  180             (180)                                   -

Net (loss)
    For the year ended
    December 31, 2001                                                                          (19,368)           (19,368)
                                    ---------------  ---------------  ---------------  ----------------  -----------------

Balance, December 31, 2001               1,900,000              190           28,310           (22,025)             6,475

Net (loss)
    For the year ended
    December 31, 2002                                                                           (8,751)            (8,751)
                                    ---------------  ---------------  ---------------  ----------------  -----------------

Balance, December 31, 2002               1,900,000   $          190   $       28,310   $       (30,776)  $         (2,276)
                                    ===============  ===============  ===============  ================  =================



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

                                                             4
</TABLE>

<PAGE>
<TABLE>
<CAPTION>

                                       ReserveNet, Inc.
                                (a Development Stage Company)
                                   Statements of Cash Flows



                                                             For the year ended  October 31, 2000
                                                                 December 31,     (Inception) to
                                                            --------------------  December 31,
                                                              2002        2001        2002
                                                            --------    --------    --------
<S>                                                         <C>         <C>         <C>
Cash flows from operating activities
Net (loss)                                                  $ (8,751)   $(19,368)   $(30,776)
Adjustments to reconcile net (loss) to
    net cash (used) by operating activities:
    (Increase) in due from shareholder                        (1,100)    (18,427)    (19,527)
    Increase in due to shareholder                             3,637      14,940      21,309
    Increase in accounts payable                                 465        --           465
                                                            --------    --------    --------
Net cash (used) by operating activities                       (5,749)    (22,855)    (28,529)
                                                            --------    --------    --------

Cash flows from financing activities
    Issuances of common stock                                   --        25,000      28,500
    Increase in checks issued in excess of available cash         29        --            29
                                                            --------    --------    --------
Net cash provided by financing activities                         29      25,000      28,529
                                                            --------    --------    --------
Net increase (decrease) in cash                               (5,720)      2,145        --
Cash - beginning                                               5,720       3,575        --
                                                            --------    --------    --------
Cash - ending                                               $   --      $  5,720    $   --
                                                            ========    ========    ========

Supplemental disclosures:
    Interest paid                                           $   --      $   --      $   --
                                                            ========    ========    ========
    Income taxes paid                                       $   --      $   --      $   --
                                                            ========    ========    ========



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

                                              5

</TABLE>


<PAGE>
                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes


Note 1 - History and organization of the company

The Company was organized October 31, 2000 (Date of Inception) under the laws of
the State of Delaware, as ReserveNet, Inc. The Company has no operations and in
accordance with SFAS #7, the Company is considered a development stage company.
The Company is authorized to issue 100,000,000 shares of its $0.0001 par value
common stock.

Note 2 - Accounting policies and procedures

Cash and cash equivalents
-------------------------
The Company maintains a cash balance in a non-interest-bearing account that
currently does not exceed federally insured limits. For the purpose of the
statements of cash flows, all highly liquid investments with an original
maturity of three months or less are considered to be cash equivalents. There
were no cash equivalents as of December 31, 2002.

Impairment of long-lived assets
-------------------------------
Long-lived assets held and used by the Company are reviewed for possible
impairment whenever events or circumstances indicate the carrying amount of an
asset may not be recoverable or is impaired. No such impairments have been
identified by management at December 31, 2002.

Revenue recognition
-------------------
The Company recognizes revenue as earned and cost of sales and expenses as
incurred.

Advertising costs
-----------------
The Company expenses all costs of advertising as incurred. There were no
advertising costs included in selling, general and administrative expenses in
2002.

Loss per share
--------------
Net loss per share is provided in accordance with Statement of Financial
Accounting Standards No. 128 (SFAS #128) "Earnings Per Share". Basic loss per
share is computed by dividing losses available to common stockholders by the
weighted average number of common shares outstanding during the period. The
Company had no dilutive common stock equivalents, such as stock options or
warrants as of December 31, 2002.

Reporting on the costs of start-up activities
---------------------------------------------
Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs of Start-Up
Activities," which provides guidance on the financial reporting of start-up
costs and organizational costs, requires most costs of start-up activities and
organizational costs to be expensed as incurred. SOP 98-5 is effective for
fiscal years beginning after December 15, 1998. With the adoption of SOP 98-5,
there has been little or no effect on the Company's financial statements.

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

                                       6
<PAGE>

                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes

Fair value of financial instruments
-----------------------------------
Fair value estimates discussed herein are based upon certain market assumptions
and pertinent information available to management as of December 31, 2002. The
respective carrying value of certain on-balance-sheet financial instruments
approximated their fair values. These financial instruments include cash and
accounts payable. Fair values were assumed to approximate carrying values for
cash and payables because they are short term in nature and their carrying
amounts approximate fair values or they are payable on demand.

Income Taxes
------------
Deferred income tax assets and liabilities are computed annually for differences
between the financial statement and tax basis of assets and liabilities that
will result in taxable or deductible amounts in the future based on enacted tax
laws and rates applicable on the periods in which the differences are expected
to affect taxable income. Valuation allowances are established when necessary to
reduce deferred tax assets to the amount expected to be realized. Income tax
expense is the tax payable or refundable for the period plus or minus the change
during the period in deferred tax assets and liabilities.

Segment reporting
-----------------
The Company follows Statement of Financial Accounting Standards No. 130,
"Disclosures About Segments of an Enterprise and Related Information". The
Company operates as a single segment and will evaluate additional segment
disclosure requirements as it expands its operations.

Dividends
---------
The Company has not yet adopted any policy regarding payment of dividends. No
dividends have been paid or declared since inception.

Recent pronouncements
---------------------
In July 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities", which addresses financial accounting and
reporting for costs associated with exit or disposal activities and supersedes
EITF No. 94-3, "Liability Recognition for Certain Employee Termination Benefits
and Other Costs to Exit an Activity (including Certain Costs Incurred in a
Restructuring)." SFAS No. 146 requires that a liability for a cost associated
with an exit or disposal activity be recognized when the liability is incurred.
Under EITF No. 94-3, a liability for an exit cost was recognized at the date of
an entity's commitment to an exit plan. SFAS No. 146 also establishes that the
liability should initially be measured and recorded at fair value. The
provisions of SFAS No. 146 will be adopted for exit or disposal activities that
are initiated after December 31, 2002.

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation--Transition and Disclosure--an amendment of SFAS No. 123." This
Statement amends SFAS No. 123, "Accounting for Stock-Based Compensation", to
provide alternative methods of transition for a voluntary change to the fair
value based method of accounting for stock-based employee compensation. In
addition, this statement amends the disclosure requirements of SFAS No. 123 to
require prominent disclosures in both annual and interim financial statements
about the method of accounting for stock-based employee compensation and the
effect of the method used on reported results. The adoption of SFAS No. 148 is
not expected to have a material impact on the company's financial position or
results of operations.

                                       7
<PAGE>

                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes

In November 2002, the FASB issued FASB Interpretation ("FIN") No. 45,
"Guarantors Accounting and Disclosure Requirements for Guarantees, Including
Indirect Guarantees and Indebtedness of Others", an interpretation of FIN No. 5,
57 and 107, and rescission of FIN No. 34, "Disclosure of Indirect Guarantees of
Indebtedness of Others". FIN 45 elaborates on the disclosures to be made by the
guarantor in its interim and annual financial statements about its obligations
under certain guarantees that it has issued. It also requires that a guarantor
recognize, at the inception of a guarantee, a liability for the fair value of
the obligation undertaken in issuing the guarantee. The initial recognition and
measurement provisions of this interpretation are applicable on a prospective
basis to guarantees issued or modified after December 31, 2002; while, the
provisions of the disclosure requirements are effective for financial statements
of interim or annual periods ending after December 15, 2002. The company
believes that the adoption of such interpretation will not have a material
impact on its financial position or results of operations and will adopt such
interpretation during fiscal year 2003, as required.

In January 2003, the FASB issued FIN No. 46, "Consolidation of Variable Interest
Entities", an interpretation of Accounting Research Bulletin No. 51. FIN No. 46
requires that variable interest entities be consolidated by a company if that
company is subject to a majority of the risk of loss from the variable interest
entity's activities or is entitled to receive a majority of the entity's
residual returns or both. FIN No. 46 also requires disclosures about variable
interest entities that companies are not required to consolidate but in which a
company has a significant variable interest. The consolidation requirements of
FIN No. 46 will apply immediately to variable interest entities created after
January 31, 2003. The consolidation requirements will apply to entities
established prior to January 31, 2003 in the first fiscal year or interim period
beginning after June 15, 2003. The disclosure requirements will apply in all
financial statements issued after January 31, 2003. The company will begin to
adopt the provisions of FIN No. 46 during the first quarter of fiscal 2003.

Stock-Based Compensation
------------------------
The Company accounts for stock-based awards to employees in accordance with
Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to
Employees" and related interpretations and has adopted the disclosure-only
alternative of FAS No. 123, "Accounting for Stock-Based Compensation." Options
granted to consultants, independent representatives and other non-employees are
accounted for using the fair value method as prescribed by FAS No. 123.

Year end
--------
The Company has adopted December 31 as its fiscal year end.

Note 3 - Going concern

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern. As shown in the accompanying financial
statements, the Company has incurred a net loss of $30,776 for the period from
October 31, 2000 (inception) to December 31, 2002, and has no sales. The future
of the Company is dependent upon its ability to obtain financing and upon future
profitable operations from the development of its new business opportunities.
Management plans to raise additional capital via an equity offering and an
officer of the Company has agreed to loan the Company funds as needed to sustain
business for a period of twelve months. The financial statements do not include
any adjustments relating to the recoverability and classification of recorded
assets, or the amounts of and classification of liabilities that might be
necessary in the event the Company cannot continue in existence.

These conditions raise substantial doubt about the Company's ability to continue
as a going concern. These financial statements do not include any adjustments
that might arise from this uncertainty.

                                       8
<PAGE>

                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes

Note 4 - Income taxes

The Company accounts for income taxes under Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes" ("SFAS No. 109"), which
requires use of the liability method. SFAS No. 109 provides that deferred tax
assets and liabilities are recorded based on the differences between the tax
bases of assets and liabilities and their carrying amounts for financial
reporting purposes, referred to as temporary differences. Deferred tax assets
and liabilities at the end of each period are determined using the currently
enacted tax rates applied to taxable income in the periods in which the deferred
tax assets and liabilities are expected to be settled or realized.

The provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences are as follows:

                             U.S federal statutory rate      (34.0%)

                             Valuation reserve                34.0%
                                                              -----

                             Total                               -%
                                                              ======

As of December 31, 2002, the Company has a net operating loss carry forwards as
follows:

          Year                   Amount                Expiration
          ----                   ------                ----------
          2000                   $ 2,657                  2020
          2001                   $19,368                  2021
          2002                   $ 8,751                  2022

Note 5 - Stockholders' equity

The Company is authorized to issue 100,000,000 shares of its $0.0001 par value
common stock.

All share and per share amounts have been retroactively restated to reflect the
20-for-1 forward split.

During December 2000, the Company issued 1,400,000 shares of its $0.0001 par
value common stock to an officer and director in exchange for cash in the amount
of $3,500.

During May 2001, the Company closed its private offering and sold 500,000 shares
of its $0.0001 par value common stock for total cash of $25,000 pursuant to
Section 25110 of the Corporate Securities Law of 1968 under the Rule 260.103
exemption from qualification requirements.

On May 28, 2001, the Company effected a 20-for-1 forward stock split of its
$0.0001 par value common stock.

As of December 31, 2002, there have been no other issuances of common stock.

Note 6 - Warrants and options

As of December 31, 2002, there were no warrants or options outstanding to
acquire any additional shares of common stock.



                                       9
<PAGE>

                                ReserveNet, Inc.
                          (a Development Stage Company)
                                      Notes



Note 7 - Related party transactions

The Company paid professional fees totaling $300 to an individual, who is
shareholder of the Company, during the year ended December 31, 2001.

The Company paid professional fees totaling $500 to an individual, who is an
officer and director of the Company, during the year ended December 31, 2001.

As of December 31, 2002, an officer, director and shareholder of the Company is
owed a total of $1,782 due to various expenses paid on behalf of the Company.




                                       10
<PAGE>

ITEM 8.   Changes in and Disagreements on Accounting and Financial Disclosures

None.



PART III


ITEM 9.   Directors,  Executive  Officers,  Promoters  and  Control Persons;
Compliance  with  Section  16  (a)  of The  Exchange  Act

During the fiscal year ended December 31, 2002, a Form 3, Initial Statement of
Beneficial Ownership of Securities, was not timely filed by each of the
following officers or directors:

, President & CEO, Director
Rick Collins, Director


ITEM 10.  Executive Compensation

ReserveNet's current officers receive no compensation and have received no
restricted stock awards, options, or any other payouts. As such, we have not
included a Summary Compensation Table.

There are no current employment agreements between ReserveNet and its executive
officers.

The officers currently devote an immaterial amount of time, no more than 10-15%
of their time, to manage the affairs of ReserveNet Inc.. The directors and
principal officers have agreed to work with no remuneration until such time as
we receive sufficient revenues necessary to provide proper salaries to all
officers and compensation for directors' participation. The officers and the
board of directors have the responsibility to determine the timing of
remuneration for key personnel based upon such factors as positive cash flow to
include stock sales, product sales, estimated cash expenditures, accounts
receivable, accounts payable, notes payable, and a cash balance of not less than
$100,000 at each month end. When positive cash flow reaches $30,000 at each
month end and appears sustainable, the board of directors will re-address
compensation for key personnel and enact a plan at that time which will benefit
ReserveNet as a whole. At this time, management cannot accurately estimate when
sufficient revenues will occur to implement this compensation, or the exact
amount of compensation.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees of the corporation in the event of retirement
at normal retirement date pursuant to any presently existing plan provided or
contributed to by the corporation or any of its subsidiaries, if any.



ITEM 11.  Security Ownership of Certain Beneficial Owners and Management

The following table sets forth information on the ownership of ReserveNet's
voting securities by officers, directors and major shareholders as well as those
who own beneficially more than five percent of ReserveNet's common stock through
the most current date - July 2, 2003:



<PAGE>


             Name and                     Amount and
             Address of                   Nature of       Percent
Title        Beneficial                   Beneficial       of Class
Of Class     Owner                        Ownership (a)

Common       Daniel Regidor            1,400,000 shares     73.7%
Common       Rick Collins                      0 shares        0%

Total Shares Owned by Officers
& Directors As a Group                 1,400,000 shares     73.7%

(a)  Mr. Regidor originally purchased 140,000 of Founder's Stock at $0.0025 per
     share for total consideration of $3,500. He subsequently cancelled 50% of
     his shares to bolster ReserveNet's prospect of attracting additional
     investors while simultaneously increasing the remaining shareholders'
     relative percentage interest in ReserveNet Inc. In doing so, Mr. Regidor
     received no proceeds from ReserveNet for his cancellation of half of his
     original holdings.


ITEM 12. Certain Relationships and Related Transactions

The principal executive office and telephone number are provided by Mr. Regidor,
an officer of the corporation. The costs associated with the use of the
telephone and mailing address were deemed by management to be immaterial as the
telephone and mailing address were almost exclusively used by the officer for
other business purposes.



PART IV


ITEM 13. Exhibits  and  Reports  of  Form  8-K

EXHIBITS

     The following exhibits are incorporated into this Form 10-KSB Annual
Report:

  EXHIBIT NO.           DESCRIPTION

                        Articles of Incorporation*
                        Bylaws*

------------
* previously filed with the Company's Form SB-2 on May 14, 2002 and is hereby
incorporated into this filing by reference.




<PAGE>

Item 14.  Controls  and  Procedures

Under the supervision and with the participation of the management of the
Company, including the chief executive officer and chief financial officer, the
Company has established a system of controls and other procedures designed to
ensure that information required to be disclosed in its periodic reports filed
under the Securities Exchange Act of 1934, as amended, is recorded, processed,
summarized and reported within the time periods specified in the Securities and
Exchange Commission's rules and forms. These disclosure controls and procedures
have been evaluated under the direction of the chief executive officer and chief
financial officer within the last 90 days. Based on such evaluations, the chief
executive officer and chief financial officer have concluded that the disclosure
controls and procedures are effective. There have been no significant changes in
the system of internal controls or in other factors that could significantly
affect internal controls subsequent to the evaluation by the chief executive
officer and chief financial officer.



SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

RESERVENET, INC.
(Registrant)

Date: July 2, 2003

By: /s/ Daniel Regidor
    -------------------
    Daniel Regidor
    President, Chief Executive Officer,
    Chief Financial Officer and Director



Date:  July 2, 2003

By: /s/ Rick Collins
    ----------------
    Rick Collins
    Director


<PAGE>

CERTIFICATIONS

I, Daniel Regidor, President, Chief Executive Officer, Chief Financial Officer
and Director of ReserveNet, Inc. (the "Company"), certify that:

1.  I  have  reviewed  this  annual  report  on  Form  10-KSB  of  the  Company;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this annual report is being prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this annual
report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

     a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.



Date:  July 2, 2003

By: /s/ Daniel Regidor
-----------------------------
President, Chief Executive Officer,
Chief Financial Officer and Director

<PAGE>

CERTIFICATIONS

I, Rick Collins, Director of ReserveNet, Inc. (the "Company"), certify that:

1.  I  have  reviewed  this  annual  report  on  Form  10-KSB  of  the  Company;

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this annual report is being prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this annual
report (the "Evaluation Date"); and

     c) presented in this annual report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

     a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls or in
other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.


Date:  July 2, 2003

By: /s/ Rick Collins
    ----------------
    Rick Collins
    Director


<PAGE>

                 CERTIFICATION PURSUANT TO 18 U.S.C. SEC. 1350
                  (SECTION 906 OF SARBANES-OXLEY ACT OF 2002)

                             ReserveNet, Inc.

     In connection with the Annual Report of, ReserveNet Inc. (the "Company") on
Form 10-KSB for the period ending December 31, 2002 as filed with the Securities
and Exchange Commission on the date hereof (the "Report"), I, Daniel Regidor,
President, Chief Executive Officer, Chief Financial Officer and Director of the
Company, hereby certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to
Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the financial condition and results of operations
          of the Company.



Dated:  July 2, 2003

By:  /s/ Daniel Regidor
     ----------------------------------
     Daniel Regidor, President, Chief Executive Officer,
     Chief Financial Officer and Director



                                ReserveNet, Inc.

     In connection with the Annual Report of, ReserveNet Inc. (the "Company") on
Form 10-KSB for the period ending December 31, 2002 as filed with the Securities
and Exchange Commission on the date hereof (the "Report"), I, Rick Collins,
Director of the Company, hereby certify, pursuant to 18 U.S.C. Sec. 1350, as
adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects, the financial condition and results of operations
          of the Company.



Date:  July 2, 2003

By: /s/ Rick Collins
    ----------------
        Rick Collins
        Director