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, 2004

                                       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  14, 2004 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 14, 2004
was $42,535 based on the average closing bid and asked price of our common stock
on December 14, 2004, which was $.01 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 14, 2004.

         Transitional Small Business Disclosure Format (check one):

         Yes [ ]    No [X]

                       DOCUMENTS INCORPORATED BY REFERENCE

                                 Not Applicable

<PAGE>

                                TABLE OF CONTENTS


Item Number and Caption                                                     Page

Forward Looking Statements .................................................  3

PART I

     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



                                       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, 2004 and September 30, 2003
we made no expenditures on research and development.

EMPLOYEES

         As of  December  15,  2004 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
              -------------                 --------          -------
           June 30, 2002                      $0.00            $0.00
           September 30, 2002                 $0.06            $0.03
           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

HOLDERS

         As of December 15, 2004, 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, 2004.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY CORPORATION PLANS

                      EQUITY COMPENSATION PLAN INFORMATION

<TABLE>
<CAPTION>
-------------------------------------- ----------------------- --------------------- -------------------------------
                                        NUMBER OF SECURITIES
                                         TO BE ISSUED UPON       WEIGHTED-AVERAGE     NUMBER OF SECURITIES REMAINING
                                            EXERCISE OF         EXERCISE PRICE OF     AVAILABLE FOR FUTURE ISSUANCE
                                        OUTSTANDING OPTIONS,       OUTSTANDING       UNDER EQUITY COMPENSATION PLANS
                                        WARRANTS AND RIGHTS     OPTIONS, WARRANTS    (EXCLUDING SECURITIES REFLECTED
                                                (a)               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>

         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


                                       5
<PAGE>

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.

                           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.


                                       6
<PAGE>

         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


                                                                            Page
                                                                            ----

Report of Independent Registered Public Accounting Firm........................9

Consolidated Balance Sheet as at September 30, 2004 ..........................10

Consolidated Statement of Operations for the years ended September 30,
       2004 and September 30, 2003............................................11

Consolidated Statement of Stockholders' Equity for the years ended
       September 30, 2004 and September 30, 2003 .............................12

Consolidated Statement of Cash Flows for the years ended September 30,
       2004 and September 30, 2003 ...........................................13

Notes to Consolidated Financial Statements.................................14-17



                                       8
<PAGE>

             Report of Independent Registered Public 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.  as of  September  30,  2004 and the  related  consolidated
statements of  operations,  stockholders'  equity and cash flows for each of 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.  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 audits  provide a  reasonable  basis for our
opinion.

          In our opinion,  the  consolidated  financial  statements  referred to
above present  fairly,  in all material  respects,  the  consolidated  financial
position  of  Hosting  Site  Network,  Inc.  as of  September  30,  2004 and the
consolidated  results  of its  operations  and cash flows for the two years then
ended in conformity with generally accepted accounting  principles in the United
States.


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

New York, New York
December 8, 2004



                                       9
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2004


                                     Assets

Current Assets
     Cash                                                             $ 361,361
                                                                      ---------

        Total Assets                                                  $ 361,361
                                                                      =========


                     Liabilities and Shareholders' Equity

Current Liabilities
     Accounts payable and accrued expenses                            $   6,028
                                                                      ---------


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                                              (28,946)
     Accumulated deficit                                               (381,253)
                                                                      ---------

        Total Shareholders' Equity                                      355,333
                                                                      ---------

        Total Liabilities and Shareholders' Equity                    $ 361,361
                                                                      =========



        See notes to consolidated financial statements



                                       10
<PAGE>

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



                                                    YEARS ENDED SEPTEMBER 30,
                                                 ------------------------------
                                                     2004               2003
                                                 -----------        -----------

 General and administrative expenses             $   (93,034)       $  (122,200)

 Interest income, net                                  2,551              6,189
                                                 -----------        -----------

           Net loss                              $   (90,483)       $  (116,011)
                                                 ===========        ===========


 Basic net loss per share                        $     (0.01)       $     (0.02)
                                                 ===========        ===========

 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, 2002                   7,273,500    $    7,273  $  758,259     $(174,759)     $ (92,387)     $ 498,386

Amortization of deferred compensation                                                                41,219         41,219

Net loss                                                                            (116,011)                     (116,011)
                                          ----------    ----------  ----------     ---------      ---------      ---------

    Balance, September 30, 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
                                          ==========    ==========  ==========     =========      =========      =========
</TABLE>


                 See notes to consolidated financial statements



                                       12
<PAGE>

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


                                                       YEARS ENDED SEPTEMBER 30,
                                                       -------------------------
                                                          2004           2003
                                                       ---------      ---------
Cash flow from operating activities
    Net loss                                           $ (90,483)     $(116,011)
    Adjustments to reconcile net loss to net
       cash used in operating activities
          Amortization of deferred compensation           22,222         41,219
          Write-off of fixed assets                       11,334
          Depreciation                                     5,667          5,668
    Changes in assets and liabilities
       Accounts payable and accrued expenses               2,181         (5,316)
       Accrued interest receivable                                        3,333
                                                       ---------      ---------


             Net cash used in operating activities       (49,079)       (71,107)
                                                       ---------      ---------

Cash flow from investing activities
    Collection of loan receivable                                       200,000
                                                                      ---------

(Decrease) increase in cash                              (49,079)       128,893

Cash, beginning of year                                  410,440        281,547
                                                       ---------      ---------

Cash, end of year                                      $ 361,361      $ 410,440
                                                       =========      =========


                 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. (Company) was incorporated in Delaware on May
31, 2000 and HSN, Inc. (HSN), 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 and HSN. All material  intercompany  balances and transactions have been
eliminated.

        Computer Equipment

        Computer  equipment  was stated at cost less  accumulated  depreciation.
Depreciation was provided on a straight-line basis over five years.

        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.

        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.  The
deferred  compensation  was amortized over the term of the employment  agreement
and, upon amendment, over the remaining 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.

        Financial Instruments

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


                                       14
<PAGE>

        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 and HSN file  consolidated tax returns.  As of September 30,
2004, the Company has net operating loss carryforwards of approximately $326,000
available to reduce future Federal taxable income through 2024.

         As of September 30, 2004,  realization  of the  Company's  deferred tax
assets of $170,000 was not considered more likely than not and,  accordingly,  a
valuation allowance of $170,000 has been provided.

         As of September 30, 2004, the tax effects of the components of deferred
tax assets were as follows:

              Net operating loss                         $ 124,000
              Deferred compensation                         46,000
                                                         ---------
                                                           170,000
              Valuation allowance                         (170,000)
                                                         ---------
                                                              None
                                                         =========

        For the years ended  September 30, 2004 and 2003, the tax effects of the
components of deferred income tax expense consisted of the following:

                                                2004        2003
                                              --------    --------
              Net operating loss              $ 27,000    $ 32,000
              Deferred compensation              6,000      17,000
              Depreciation                       5,000      (3,000)
                                              --------    --------
                                                38,000      46,000
              Valuation allowance              (38,000)    (46,000)
                                              --------    --------
                                                 None        None
                                              ========    ========



                                       15
<PAGE>

        For the years ended September 30, 2004 and 2003,  reconciliations of the
expected  income tax benefit  utilizing  the  statutory  Federal tax rate to the
income tax benefit reported on the statement of operations, were as follows:

                                                2004        2003
                                              --------    --------
        Expected income tax benefit           ($34,000)   ($38,000)
        State taxes                             (4,000)     (8,000)
        Change in valuation allowance           38,000      46,000
                                              --------    --------
                                                 None        None
                                              ========    ========


4.  EQUITY

        Under an expired  officer's  employment  agreement,  3,000,000 shares of
common  stock are  subject to  termination.  If  employment  with the Company is
terminated  under certain  conditions,  prior to December 31, 2005,  the officer
will forfeit the entire  3,000,000  shares.  If the officer is terminated  after
December  31, 2005,  but prior to December  31,  2006,  the officer will forfeit
2,000,000  shares.  If the officer is terminated  after  December 31, 2006,  but
prior to December 31, 2007, the officer will forfeit 1,000,000  shares.  For the
years ended  September 30, 2004 and 2003,  compensation  expense was $22,222 and
$41,219, respectively.

        As of  September  30, 2004,  the Company had  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, through August 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
adjustment  for a stock  split,  stock  dividend,  recapitalization  or  similar
capital  change.  Options  may be granted  to  employees  (including  officers),
directors of the Company and certain of the Company's consultants and advisors.


                                       16
<PAGE>

        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, 2004, no options
have been granted.


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.



                                       17
<PAGE>

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

         Rogoff & Company,  P.C. was our independent  certifying  accountant for
the fiscal years ended  September  30, 2002 and  September 30, 2001. On December
10, 2003, they were dismissed by us and we subsequently  engaged Most & Company,
LLP, 275 Madison Avenue,  New York, NY 10016,  as our certifying  accountant for
the fiscal year ended  September  30, 2003.  The  dismissal of Rogoff & Company,
P.C.  and  appointment  of Most &  Company,  LLP was  approved  by our  board of
directors.


      The reports of Rogoff & Company, P.C. on our financial statements for each
of the fiscal years ended September 30, 2002 and September 30, 2001 contained no
adverse opinion or disclaimer of opinion, nor were they qualified or modified as
to uncertainty, audit scope or accounting principle.

      In  connection  with the audits for the fiscal years ended  September  30,
2002 and September 30, 2001 and during the  subsequent  interim  period  through
December 10, 2003, there were no disagreements  between us and Rogoff & Company,
P.C. on any matter of accounting  principles or practices,  financial  statement
disclosure,  or  auditing  scope  or  procedures,  which  disagreements,  if not
resolved to their satisfaction, would have caused Rogoff & Company, P.C. to make
reference to the subject  matter of the  disagreement  in connection  with their
reports.

      In connection with the audits of the fiscal years ended September 30, 2002
and September 30, 2001 and during the subsequent interim period through December
10, 2003, Rogoff & Company, P.C. did not advise us that:

      o     internal  controls  necessary for us to develop  reliable  financial
            statements did not exist;

      o     information  had come to their  attention that led them to no longer
            be able to rely on our  management's  representations  or made  them
            unwilling to be associated with the financial statements prepared by
            our management;

      o     there was a need to expand  significantly  the scope of their audit,
            or that  information  had come to their  attention  during such time
            periods that if further  investigated  might  materially  impact the
            fairness or reliability  of either a previously  issued audit report
            or the underlying financial  statement;  or the financial statements
            issued or to be issued covering the fiscal periods subsequent to the
            date of the most  recent  financial  statements  covered by an audit
            report;

      o     information  had come to their  attention  that  they had  concluded
            materially  impacted  the  fairness or  reliability  of either (i) a
            previously   issued  audit  report  or  the   underlying   financial
            statements,  or (ii) the financial statements issued or to be issued
            covering  the  fiscal  periods  subsequent  to the  date of the most
            recent financial statements covered by an audit report.


                        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


                                       18
<PAGE>

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, 2004 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 14,
2004, 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,    32       April 30, 2001
                  Treasurer, CEO, CFO, Controller
Matthew Sebal     Secretary, Director                  34       April 30, 2001
Ralph Brown       Director                             71       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.

         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.


                                       19
<PAGE>

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.

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


                                       20
<PAGE>

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 is being filed as an exhibit to this  report.  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, 2004 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, 2004 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, 2004 in excess of
$100,000.

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                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(1)  Payouts   Compensation
------------------  -------------  ------   -----   ------------  ---------  ------------    -------   ------------
<S>                     <C>          <C>      <C>        <C>         <C>          <C>          <C>          <C>
Scott Vicari,           2004         0        0          0           0            0             0            0
Chief Executive         2003         0        0          0           0            0             0            0
Officer, President      2002         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 and December 2004 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  2004  amendment,  if Mr. Vicari is not employed by us at December
     31, 2005 he forfeits all of the shares.  If Mr. Vicari is employed by us at
     December  31, 2005 but not  employed by us at December 31, 2006 he forfeits
     2,000,000  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  1,000,000 of
     the shares.


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, 2004.


                                       21
<PAGE>

STOCK OPTION PLANS

         The named  executive  did not  participate  in any Company stock option
plans during the fiscal year ended September 30, 2004.

AGGREGATE OPTION/SAR EXERCISES AND FISCAL YEAR END OPTION/SAR VALUES

         During the fiscal year ended September 30, 2004 there were no exercises
of stock  options by the named  executive.  As at  September  30, 2004 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, 2004.

EMPLOYMENT CONTRACTS, TERMINATION OF EMPLOYMENT, AND
CHANGE-IN-CONTROL ARRANGEMENTS

         During the fiscal year ended  September  30, 2004 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, 2004 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, 2004 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 14, 2004 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


                                       22
<PAGE>

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.

           Name and Address              Shares of Common Stock    Percentage
         of Beneficial Owner               Beneficially Owned     Ownership (1)
         -------------------             ----------------------   -------------

Seloz Gestion & Finance SA (2)                  700,000(3)            9.2%
1, Rue Hugo-de-Senger
1211 Geneva 4
Switzerland

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

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

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

Ralph Brown
112 St. Claire Avenue West, Suite 400            10,000                (6)
Toronto, Ontario M4V 2Y3
Canada

All directors and executive officers          3,020,000              41.5%
as a group (3 persons)

----------
(1)  Based upon 7,273,500 shares issued and outstanding as at December 14, 2004.

(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, 2005 he forfeits
     all 3,000,000  shares. If he is employed by us at December 31, 2005 but no
     longer  employed  with us at December  31, 2006 he forfeits  2,000,000  of
     these  shares.  If he is employed by us at December 31, 2006 but no longer
     employed  with us at  December  31, 2007 he  forfeits  1,000,000  of these
     shares.

 (6) Less than 1%


                                       23
<PAGE>

      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,  2005 he forfeits  all
3,000,000 of these  shares.  If he is employed by us at December 31, 2005 but no
longer  employed  with us prior to December  31, 2006 he forfeits  2,000,000  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  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:

Exhibit      SEC Report
  No.     Reference Number                     Description
-------   ----------------    --------------------------------------------------
  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

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

 14                           Code of Ethics(6)

 21                           List of Subsidiaries of Registrant(6)

 31.1/31.2                    Rule 13(a) - 14(a)/15(d) - 14(a) Certification of
                              Principal Executive and Financial Officer(6)


                                       25
<PAGE>

 32.1/32.2                    Rule 1350 Certification of Chief Executive and
                              Financial Officer(6)

-----------
(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 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, 2004 and 2003 are
set forth in the table below:

<TABLE>
<CAPTION>
------------------------ -------------------------------------- -------------------------------------
Fee Category             Fiscal year ended September 30, 2004   Fiscal year ended September 30, 2003
------------------------ -------------------------------------- -------------------------------------
<S>                      <C>                                    <C>
Audit fees (1)           16,500                                 10,000
------------------------ -------------------------------------- -------------------------------------
Audit-related fees (2)   0                                      0
------------------------ -------------------------------------- -------------------------------------
Tax fees (3)             0                                      760
------------------------ -------------------------------------- -------------------------------------
All other fees (4)       0                                      0
------------------------ -------------------------------------- -------------------------------------
Total fees               16,500                                 10,760
------------------------ -------------------------------------- -------------------------------------
</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.

(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.


                                       26
<PAGE>

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 20, 2004              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.


       SIGNATURE                     TITLE                         DATE
       ---------                     -----                         ----

/s/ Scott Vicari           President, Treasurer Chief        December 20, 2004
------------------------   Executive Officer, Chief
Scott Vicari               Financial and Accounting
                           Officer


Majority of
Board of Directors


/s/ Scott Vicari           Director                          December 20, 2004
------------------------
Scott Vicari

/s/ Matthew Sebal          Director                          December 20, 2004
------------------------
Matthew Sebal




                                       28