<PAGE>
                     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, 2002

                                       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 20, 2002 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 20, 2002 was $95,704
based on the average closing bid and asked price of our common stock on December
20, 2002, which was $.0225 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  23,  2002.

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

                       DOCUMENTS INCORPORATED BY REFERENCE
                                 Not Applicable


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

<S>                                                                                   <C>
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. . . . . . . . . . . . . . . . . . . . . . . . .      5

     Item 4.     Submission of Matters to a Vote of Security Holders. . . . . . . .      5

PART II

     Item 5.     Market for Common Equity and Related Stockholder Matters . . . . .      5

     Item 6.     Plan of Operation . . . . . . . . . . . . . . . . . . . . . . . . .     8

     Item 7.     Financial Statements. . . . . . . . . . . . . . . . . . . . . . . .     9

     Item 8.     Changes in and Disagreements with Accountants on Accounting
                 and Financial Disclosure. . . . . . . . . . . . . . . . . . . . .      24

PART III

     Item 9.     Directors, Executive Officers, Promoters and Control Persons;
                 Compliance with Section 16(a) of the Exchange Act. . . . . . . .       24

     Item 10.    Executive Compensation. . . . . . . . . . . . . . . . . . . . . .      26

     Item 11.    Security Ownership of Certain Beneficial Owners and Management. .      27

     Item 12.    Certain Relationships and Related Transactions. . . . . . . . . .      29

     Item 13.    Exhibits, List and Reports on Form 8-K. . . . . . . . . . . . . .      30

     Item 14.    Controls and Procedures. . . . . . . . . . . . . . . . . . . . . .     31

</TABLE>

                                        2
<PAGE>
                           FORWARD-LOOKING STATEMENTS

     EXCEPT FOR HISTORICAL INFORMATION, THIS REPORT CONTAINS FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF SECTION 21E OF THE SECURITIES EXCHANGE ACT OF
1934.  SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES,
INCLUDING, AMONG OTHER THINGS, STATEMENTS REGARDING OUR BUSINESS STRATEGY,
FUTURE REVENUES AND ANTICIPATED COSTS AND EXPENSES.  SUCH FORWARD-LOOKING
STATEMENTS INCLUDE, AMONG OTHERS, THOSE STATEMENTS INCLUDING THE WORDS
"EXPECTS," "ANTICIPATES," "INTENDS," "BELIEVES" AND SIMILAR LANGUAGE.  OUR
ACTUAL RESULTS MAY DIFFER SIGNIFICANTLY FROM THOSE PROJECTED IN THE
FORWARD-LOOKING STATEMENTS.  FACTORS THAT MIGHT CAUSE OR CONTRIBUTE TO SUCH
DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, THOSE DISCUSSED IN THE SECTIONS
"PLAN OF OPERATION" AND "BUSINESS-RISK FACTORS".  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. In
connection therewith, on July 11, 2002 we entered into a Letter of Intent with 2
Chansis, Inc. ("2 Chansis"), a California corporation and the two shareholders

                                        3
<PAGE>

of 2 Chansis. The Letter of Intent provided for our acquisition of 2 Chansis in
exchange for shares of our common stock pursuant to a definitive acquisition
agreement. The acquisition agreement was drafted but the parties were unable to
reach final agreement on the terms thereof. Accordingly, the Letter of Intent
was terminated, by its terms, on August 10, 2002. On July 12, 2002 we also
entered into a Loan Agreement with 2 Chansis and its two shareholders. Pursuant
thereto, we loaned 2 Chansis $200,000 as represented by a July 17, 2002
promissory note issued by 2 Chansis to us, payment on which was guaranteed by
the two shareholders. The note became due on September 2, 2002 and when 2
Chansis and the guarantors failed to make payment thereon we were forced to
commence legal action against them. See Item 3. Legal Proceedings.

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.

RESEARCH AND DEVELOPMENT

     During the fiscal years ended September 30, 2002 and September 30, 2001 we
made no expenditures on research and development.

EMPLOYEES

     As of December, 2002 our only employees are our two executive officers.

EQUITY OFFERINGS

     In August, 2002 we completed a private placement offering to seven persons
all of whom are accredited investors and reside outside the United States.  The
offering consisted of the sale of 1,250,000 units at $.40 per unit or $500,000
on an aggregate basis, each unit consisting of one share of our common stock,
$.001 par value, and one common stock purchase warrant, each of which, as
amended, provides for the purchase of one additional share of our common stock
at a price of $1.20 per share any time during the four year period commencing
one year from issuance.  The sale of the units was made in reliance on Rule 506
of Regulation D under the General Rules and Regulations of the Securities Act of
1933, as amended.

                        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.

                                        4
<PAGE>
                            ITEM 3. LEGAL PROCEEDINGS

     On November 15, 2002 we filed a Summons and Complaint in the Supreme Court
of the State of New York, County of New York (Index No. 02604182) against 2
Chansis Inc., Ray Grimm Jr., and Alfred Hanser (collectively the "Defendants").
The suit seeks $200,000 together with interest, attorneys fees, and such other
relief as the court deems proper.  The action is based upon a July 12, 2002 Loan
Agreement between us, 2 Chansis Inc., and Messrs. Grimm and Hanser pursuant to
which we loaned 2 Chansis Inc. $200,000 and a related $200,000 promissory note
(the "Note") dated July 17, 2002 issued to us by 2 Chansis Inc. and personally
guaranteed by Messrs. Grimm and Hanser.  The Note became due and payable on
September 2, 2002 and, after several requests for payment thereon were ignored,
the present action was instituted.  In December 2002 we entered into a
Settlement Agreement with Defendants whereby Defendants agreed to pay us the sum
of $210,864.  This amount includes interest and attorney's fees.  The Settlement
Agreement provides for the payment to us of $25,000 on or before December 31,
2002, which payment has been made, and the payment to us of $185,864 on or
before March 15, 2003.  Subject to and upon timely receipt of the entire
settlement sum, there shall be filed with the court, a Stipulation of
Discontinuance with prejudice dismissing the action.

     No  other  legal  proceedings  are  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.

                                        5
<PAGE>

                     QUARTER ENDED     HIGH BID     LOW BID
                     -------------     --------     -------
                  June 30, 2002          $0.00       $0.00
                  September 30, 2002     $0.06       $0.03
                  December 31, 2002 (1)  $0.05       $0.04
                  -------------------------
                  (1)  Through December 20, 2002

HOLDERS

     As of December 23, 2002, 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

     In August 2002, we completed a private offering a 1,250,000 units at a
price of $.40 per unit or $500,000 on an aggregate basis.  Each unit consisted
of one share of our common stock and one common stock purchase warrant, each of
which, as amended, is exercisable for the purchase of one share of our common
stock at any time during a period of four years commencing one year from
issuance at a price of $1.20 per share.  The units were sold pursuant to rule
506 or Regulation D of the General Rules and Regulations under the Securities
Act of 1933, as amended.

                                        6
<PAGE>

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY CORPORATION PLANS

                      EQUITY COMPENSATION PLAN INFORMATION

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
                                      NUMBER OF                                         NUMBER OF SECURITIES
                                  SECURITIES TO BE                                 REMAINING AVAILABLE FOR FUTURE
                                ISSUED UPON EXERCISE         WEIGHTED-AVERAGE          ISSUANCE UNDER EQUITY
                                   OF OUTSTANDING           EXERCISE PRICE OF           COMPENSATION PLANS
                                 OPTIONS, WARRANTS              OUTSTANDING       (EXCLUDING SECURITIES REFLECTED
                                  AND RIGHTS (A)             OPTIONS, WARRANTS           IN COLUMN (A)) (C)
                                                              AND RIGHTS (B)
--------------------------------------------------------------------------------------------------------------------
<S>                             <C>                         <C>                    <C>
Equity compensation plans
approved by security holders             N/A                        N/A                           N/A
--------------------------------------------------------------------------------------------------------------------
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
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.

                                        7
<PAGE>

     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.

     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.

                                        8
<PAGE>

                          ITEM 7. FINANCIAL STATEMENTS

                          Index to Financial Statements
<TABLE>
<CAPTION>
<S>                                                                                <C>


                                                                                    Page
                                                                                    ----

Independent Auditor's Report - Rogoff & Company, P.C. . . . . . . . . . . . . . .     10

Consolidated Balance Sheet as at September 30, 2002 . . . . . . . . . . . . . . .     11

Consolidated Statement of Operations for the years ended September 30, 2002 and
     September 30, 2001 and for the period from May 31, 2001
     (date of inception) through September 30, 2002. . . . . . . . . . . . . . ..     12

Statement of Stockholders' Equity - September 30, 2002. . . . . . . . . . . . . .     13

Consolidated Statement of Cash Flows for the years ended September 30, 2002 and
     September 30, 2001 and for the period from May 31, 2001 (date of inception)
     through September 30, 2002. . . . . . . . . . . . . . . . . . . . . . . . ..     14

Notes to Consolidated Financial Statements. . . . . . . . . . . . . . . . . . . .     15

</TABLE>

                                        9
<PAGE>

                          Independent Auditors' Report
                         ------------------------------


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


We  have  audited  the  accompanying  consolidated balance sheet of Hosting Site
Network,  Inc. and Subsidiary (a developmental stage entity) as of September 30,
2002,  and  the  related  consolidated  statements  of operations, stockholders'
equity and cash flows for each of the two years ended September 30, 2002 and the
period  from May 31, 2000 (date of inception) through September 30, 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  audits.

We conducted our audits in accordance with auditing standards generally accepted
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
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audits  provide  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  consolidated  financial  position of Hosting Site
Network, Inc. and Subsidiary at September 30, 2002, and the consolidated results
of  their  operations  and  their  cash  flows  for  each of the two years ended
September  30, 2002 and the period from May 31, 2000 (date of inception) through
September  30,  2002 in conformity with accounting principles generally accepted
in  the  United  States  of  America.


/S/Rogoff  &  Company,  P.C.

New  York,  New  York
December 23, 2002, except for the last paragraph of
 Note 3, as to which the date is December 31, 2002

                                       10
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A DEVELOPMENTAL STAGE ENTITY)
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2002
<TABLE>
<CAPTION>



                                   ASSETS
                                   ------


<S>                                                      <C>
Current Assets:
  Cash                                                   $ 281,547
  Loan receivable                                          200,000
  Accrued interest receivable                                3,333
                                                         ----------
    Total current assets                                   484,880

Computers and equipment, net of accumulated
  depreciation of $5,667                                    22,669
                                                         ----------

                                                         $ 507,549
                                                         ==========

                   LIABILITIES AND STOCKHOLDERS' EQUITY
                   ------------------------------------


Current Liabilities:
  Accounts payable and accrued liabilities               $   9,163
                                                         ----------

    Total current liabilities                                9,163
                                                         ----------

Commitments and contingencies

Stockholders' 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 stock based compensation                        (92,387)
  Deficit accumulated during the development stage        (174,759)
                                                         ----------
    Total stockholders' equity                             498,386
                                                         ----------

                                                         $ 507,549
                                                         ==========
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

                                       11
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A DEVELOPMENTAL STAGE ENTITY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                        FOR THE YEARS ENDED SEPTEMBER 30,
<TABLE>
<CAPTION>

                                                                               Period from
                                                                               May 31, 2000
                                                                            (date of inception)
                                                                                 through
                                                                              September 30,
                                                       2002          2001        2002
                                                   -----------  ------------  ------------
<S>                                                <C>          <C>           <C>
                  Net sales                        $        -   $         -   $         -
                                                   -----------  ------------  ------------
                  Operating expenses:
                   General and administrative         108,453        70,884       179,932
                                                   -----------  ------------  ------------

                    Total operating expenses          108,453        70,884       179,932
                                                   -----------  ------------  ------------

                  Other income:
                    Interest income                     3,709         1,464         5,173
                                                   -----------  ------------  ------------
                     Total other income                 3,709         1,464         5,173
                                                   -----------  ------------  ------------

                  Net loss                         $ (104,744)  $   (69,420)  $  (174,759)
                                                   ===========  ============  ============



                  Earnings per share
                     (Basic and diluted)           $    (0.02)  $     (0.01)  $     (0.05)
                                                   ===========  ============  ============

                  Weighted average common shares
                    outstanding (Basic and diluted) 6,228,979     4,978,125     3,801,828
                                                   ===========  ============  ============

</TABLE>
SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS.

                                       12

<PAGE>
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A DEVELOPMENTAL STAGE ENTITY)
                        STATEMENT OF STOCKHOLDERS' EQUITY
                               SEPTEMBER 30, 2002

<TABLE>
<CAPTION>
                                                                               DEFICIT
                                                                             ACCUMULATED
                                                                              DURING THE                  DEFERRED      TOTAL
                                                         COMMON    PAID IN   DEVELOPMENT  SUBSCRIPTION   STOCK BASED  STOCKHOLDERS'
                                             SHARES      STOCK     CAPITAL      STAGE       RECEIVABLE    COMPENSATION     EQUITY
                                           -----------  --------  ---------  ------------  ------------  --------------  ----------
<S>                                        <C>          <C>       <C>        <C>           <C>           <C>
Issuance of common stock for subscription
  receivable in September 2000                600,000   $   600   $      -   $         -   $      (600)  $           -   $       -
Purchase of Creativesites.com assets
  and contracts in September 2000           4,000,000     4,000      2,295             -             -               -       6,295
Issuance of common stock for legal
 fees in September 2000                       400,000       400     19,600             -             -               -      20,000
Net loss - 2000                                     -         -          -          (595)            -               -        (595)
                                           -----------  --------  ---------  ------------  ------------  -------------- ----------

Balance, September 30, 2000                 5,000,000     5,000     21,895          (595)         (600)              -      25,700

Reversal of common stock for legal
 fees in April 2001                          (200,000)     (200)    (9,800)            -             -               -     (10,000)
Cancellation of common stock issued for
  purchase of Creativesites.com
  in April 2001                            (4,000,000)   (4,000)    (1,652)            -             -               -      (5,652)
Cancellation of common stock issued for
  subscription receivable in April 2001      (600,000)     (600)         -             -           600               -           -
Issuance of common stock to the
  president for services in April 2001      3,000,000     3,000    147,000             -             -               -     150,000
Amortization of deferred stock based
  compensation in 2001                              -         -          -             -             -        (133,434)   (133,434)
Issuance of common stock at $.05 per
  share November to May 2001                2,803,500     2,803    101,086             -             -               -     103,889
Issuance of common stock at $.05 per
  share to Directors in March 2002             20,000        20        980             -             -               -       1,000
Net loss - 2001                                     -         -          -       (69,420)            -               -     (69,420)
                                           -----------  --------  ---------  ------------  ------------  -------------- ----------

Balance, September 30, 2001                 6,023,500     6,023    259,509       (70,015)            -        (133,434)     62,083

Issuance of common stock relating to a
  subscription agreement in August 2002     1,250,000     1,250    498,750             -             -               -     500,000
Vesting of deferred stock based
  compensation in 2002                              -         -          -             -             -          41,047      41,047
Net loss - 2002                                     -         -          -      (104,744)            -               -    (104,744)
                                           -----------  --------  ---------  ------------  ------------  -------------- ----------

Balance, September 30, 2002                 7,273,500   $ 7,273   $758,259   $  (174,759)  $         -   $     (92,387) $  498,386
                                           ===========  ========  =========  ============  ============  ============== ==========
</TABLE>

SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS.

                                       13

<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A DEVELOPMENTAL STAGE ENTITY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                        FOR THE YEARS ENDED SEPTEMBER 30,

<TABLE>
<CAPTION>


                                                             Period from
                                                             May 31, 2000
                                                         (date of inception)
                                                               through
                                                             September 30,
                                          2002       2001        2002
                                       ----------  ---------  ----------
<S>                                    <C>         <C>         <C>
Cash flows from operating activities:

Net loss                               $(104,744)  $(69,420)  $(174,759)

Adjustments to reconcile net loss
 to net cash used in operating
 activities:
 Depreciation                             5,667          -       5,667
 Stock based compensation                41,047     16,566      57,613
 Common stock issued for services             -     10,000      10,000
Change in operating assets
 and liabilities:
  Accrued interest receivable            (3,333)         -      (3,333)
  Accounts payable and accrued
   expenses                               7,865        703       9,163
                                       ----------  ---------  ----------

Net cash used in operating
 activities                            ( 53,498)   (42,151)    (95,649)
                                       ----------  ---------  ----------

Cash flows from investing activities:
 Loan receivable                       (200,000)       -      (200,000)
 Purchase of computers and equipment          -    (28,336)    (28,336)
                                       ----------  ---------  ----------

Net cash used in investing activities  (200,000)   (28,336)   (228,336)
                                       ----------  ---------  ----------

Cash flow from financing activities:
   Proceeds from private placement      500,000    105,532     605,532
                                       ----------  ---------  ----------

Increase (decrease) in cash             246,502     35,045     281,547

Cash, beginning of period                35,045        -          -
                                       ----------  ---------  ----------

Cash, end of period                     $281,547    $35,045    $281,547
                                       ==========  =========  ==========
</TABLE>

SEE  NOTES  CONSOLIDATED  FINANCIAL  STATEMENTS.

                                       14
<PAGE>
                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 1 - DESCRIPTION OF BUSINESS,ACQUISITION AND CONTINUING OPERATIONS

     Hosting  Site Network, Inc. (the "Company") was incorporated under the laws
     of  the State of Delaware on May 31, 2000. The Company operates through its
     wholly  owned  subsidiary  HSN, Inc. which was incorporated in the State of
     New  Jersey  on  August  21,  2001.  HSN, Inc. will provide businesses with
     opportunities  to  generate  revenues  by  supplying  those businesses with
     internet  technology solutions and services. The Company intends to provide
     the  computer software, network technology and systems management necessary
     to  offer  its  customers  comprehensive outsourced website and application
     hosting solutions. The principal products and services that the Company and
     its  subsidiary  plan  to  offer  are;  Website hosting, e-mail and related
     services  such as conference and bulletin board facilities and mailing list
     management  capabilities.  Due  to  the  changing  business environment for
     entity's  providing  these  types  of  services the Company never commenced
     operations  and  is  currently  searching for other business opportunities.

     From  inception  through  September  30,  2002, the Company has been in the
     developmental  stage.  There  have  been  no  operations  or revenues since
     inception. The Company has incurred net losses of $174,759 and $104,744 for
     the period from May 31, 2000 (date of inception) through September 30, 2002
     and  the  year  ended  September  30, 2002, respectively. The Company has a
     deficit  accumulated  during  the  development  stage  of  $174,759  as  of
     September  30,  2002.  In addition, the Company has negative cash flow from
     operations of $95,649 and $53,498 for the period from May 31, 2000 (date of
     inception)  through  September  30,  2002  and the year ended September 30,
     2002,  respectively.

     Management  is  currently  in the process of changing its business model as
     described  above.  Additional  funding  is  still required. There can be no
     assurance  that  management  will  be successful in implementing a business
     plan  or  that  the  successful  implementation  of such business plan will
     actually  improve  the  Company's  operating  results.

                                       15
<PAGE>


                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 1 - DESCRIPTION OF BUSINESS,ACQUISITION AND CONTINUING OPERATIONS
       - continued

     On  September  14,  2000, the Company concluded an asset purchase agreement
     with  Nicklas  Weich,  through which the Company's wholly owned subsidiary,
     CreativeSites.com, Inc. acquired all of the assets of CreativeSites.com for
     4,000,000 shares of the Company's common stock. In the absence of any other
     basis to estimate the fair market value of the stock transferred to Nicklas
     Weich,  the  Company  took  the  position that the fair market value of the
     stock  equaled  the  fair market value of the assets and contracts acquired
     from  CreativeSites.com.  On  April  30,  2001  the  Company's wholly owned
     subsidiary  CreativeSites.com,  Inc.  was sold to Nicklas Weich in exchange
     for  his  4,000,000  shares  of  the  Company's  common  stock.

     The  accompanying consolidated financial statements include the accounts of
     Hosting  Site  Network,  Inc.  and  its  wholly  owned  subsidiaries,
     CreativeSites.com,  Inc.  for  the  period  from September 14, 2000 through
     April  30,  2001  and HSN, Inc. for the period from August 21, 2001 through
     September  30,  2002.  All  material intercompany accounts and transactions
     have  been  eliminated  in  consolidation.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Computer  Equipment

     Computer  equipment  is  stated  at  cost  less  accumulated  depreciation.
     Depreciation  is  provided  for in amounts sufficient to charge the cost of
     depreciable  assets  to  operations over their estimated service lives on a
     straight line basis over five years. The Company uses an accelerated method
     of depreciating computer equipment for tax purposes. The difference between
     the  methods  is not significant. Routine maintenance and repairs and minor
     replacement  costs  are  charged to expense as incurred, while expenditures
     that  extend  the  life  of  these assets are capitalized. Upon the sale or
     retirement  of  computer  equipment,  the  cost  and  related  accumulated
     depreciation will be removed from the accounts and resulting profit or loss
     will  be  reflected  in  the  statement  of  income.

                                       16
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

     Income  Taxes

     The  Company  uses  the  liability  method  for income taxes as required by
     Statement  of  Financial  Accounting Standards ("SFAS") No. 109 "Accounting
     for  Income  Taxes." Under this method, deferred tax assets and liabilities
     are  determined  based  on  differences between financial reporting and tax
     basis  of  assets  and liabilities. Deferred tax assets and liabilities are
     measured  using  enacted tax rates and laws that will be in effect when the
     differences  are  expected to reverse. Valuation allowances are established
     when  necessary  to reduce deferred tax assets to the amount expected to be
     realized.

     Earnings  Per  Share

     The  Company  presents basic earnings (loss) per share and, if appropriate,
     diluted  earnings  per  share in accordance with the provisions of SFAS No.
     128  "Earnings  per  Share"  ("SFAS  128").

     Under  SFAS 128 basic net earnings (loss) per share is computed by dividing
     the  net  earnings  (loss) for the period by the weighted average number of
     shares  outstanding  during  the  period. Diluted net earnings per share is
     computed  by  dividing  the  net  earnings  for  the period by the weighted
     average  number of common share equivalents during the period. Common stock
     equivalents  would  arise  from  the  exercise  of  stock  options. Through
     September  30,  2002  the  Company  has  not  issued  any  stock  options.

     Impairment  of  Long-Lived  Assets

     The Company reviews long-lived assets for impairment whenever circumstances
     and  situations  change  such that there is an indication that the carrying
     amounts  may  not  be  recovered.  In  such circumstances, the Company will
     estimate the future cash flows expected to result from the use of the asset
     and its eventual disposition. Future cash flows are the future cash inflows
     expected  to  be generated by an asset less the future outflows expected to
     be  necessary  to  obtain  those inflows. If the sum of the expected future
     cash  flows  (undiscounted  and  without interest charges) is less than the
     carrying amount of the asset, the Company will recognize an impairment loss
     to  adjust  to  the  fair  value  of  the asset. At September 30, 2002, the
     Company  believes  that  there  has  been  no  impairment of its long-lived
     assets.

                                       17
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  -  continued

     In  August  2001,  the Financial Accounting Standards Board ("FASB") issued
     SFAS  No.  144,  "Accounting  for  the Impairment or Disposal of Long-Lived
     Assets".  This  statement  is  effective  for  fiscal years beginning after
     December  15,  2001.  This  supersedes  SFAS  No.  121, "Accounting for the
     Impairment  of  Long-Lived Assets and Long-Lived Assets to Be Disposed Of,"
     while retaining many of the requirements of such statement. The Company has
     adopted  this  Statement  as  of  October  1,  2002.

     Financial  Instruments

     The  carrying  amounts  of  financial  instruments,  including  cash,  loan
     receivable and accounts payable and accrued expenses approximate fair value
     at  September  30,  2002  because  of  the relatively short maturity of the
     instruments.

     Use  of  Estimates

     In  preparing financial statements in conformity with accounting principles
     generally  accepted in the United States of America, management is required
     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.

     Reclassification

     Certain  reclassifications  have  been  made  to  the  prior year financial
     statements  in  order  to  conform  to  the  current  year.

     New  Accounting  Pronouncements

     In  July  2001 the FASB issued SFAS No. 141, "Business Combinations" ("SFAS
     141"). SFAS 141 requires the purchase method of accounting for all business
     combinations  initiated  after  June  30,  2001  and  eliminates  the
     pooling-of-interest  method.  SFAS  141  further clarifies the criteria for
     recognition  of  intangible  assets  separately  from  goodwill.

                                       18
<PAGE>


                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  -  continued

     New  Accounting  Pronouncements

     In  July  2001 the FASB issued SFAS No. 142, "Goodwill and Other Intangible
     Assets," ("SFAS 142"). SFAS 142 eliminates the amortization of goodwill and
     indefinite  lived  intangible  assets  and  initiates  an annual review for
     impairment.  Identifiable  intangible assets with determinable useful lives
     will  continue  to  be  amortized. The Company adopted this Statement as of
     October  1,  2002  and management does not believe that this Statement will
     have  a  material  impact  on  the  financial  statements.

     In June 2001 the FASB issued SFAS No. 143, "Accounting for Asset Retirement
     Obligations,"  which  addresses  the financial accounting and reporting for
     obligations  associated  with  the retirement of tangible long-lived assets
     and  the  associated  asset  retirement  costs.  The  Company  adopted this
     Statement  effective  October  1, 2002 and management does not believe that
     this  Statement  will  have  a material impact on the financial statements.

     In June 2002 the FASB issued SFAS No. 146, "Accounting for Costs Associated
     with  Exit or Disposal Activities," ("SFAS 146"). SFAS 146 is effective for
     exit and disposal activities that are initiated after December 31, 2002 and
     requires  these  costs  to be recognized when the liability is incurred and
     not  at  project  initiation. The Company does not expect this Statement to
     have  a  material  impact  on  the  financial  statements.

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

NOTE 3 - LOAN RECEIVABLE

     On  July  17,  2002 the Company entered into a promissory note (the "Note")
     for  $200,000  with  an unrelated third party, with interest accruing at 8%
     per  annum. This Note was in conjunction with a letter of intent dated July
     11,  2002  pursuant  to  which  the  parties  expected  to  enter  into  an
     acquisition agreement where the Company would acquire the unrelated entity.
     The Note required repayment fifteen days after termination of the letter of
     intent, which occurred on August 10, 2002. On November 15, 2002 the Company
     brought an action in the Supreme Court of the State of New York against the
     unrelated third party (the "Defendant") for all principal and interest due.

                                       19
<PAGE>

                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 3 - LOAN RECEIVABLE - continued

     During  December  2002 the parties entered into a Stipulation of Settlement
     that  requires  the  Defendant  to  repay  a  total  of  $210,864 including
     principal,  interest  and  attorney  fees.  The  Defendant  paid an initial
     $25,000 on December 31, 2002 and a certified check of $185,864 is due on or
     before  March  15,  2003.

NOTE 4 - INCOME TAX

     The  Company  has  not recorded a tax liability for either federal or state
     income  taxes  because  the  Company  has  a  net  loss  for the year ended
     September  30,  2002. The Company has a net operating loss carryforwards of
     approximately  $110,000  that  begin  to  expire  in 2020. The deferred tax
     assets  consist  of  timing  differences  relating  to  depreciation,  the
     expensing  of common stock granted to the president as compensation and net
     operating  loss  carryforwards.  Because  of the likelihood that it is more
     likely  than  not  that  the deferred tax asset will not be realized a 100%
     valuation  allowance  has  been  recorded  against  the deferred tax asset.

     The  components  of  the  net  deferred  tax  asset  are  as  follows:

     Deferred  tax  assets:
        Accumulated  depreciation              $     850
        Stock  based  compensation  costs          8,640
        Net operating Loss                        16,500
                                               ---------

                                                  25,990
     Valuation  allowance                        (25,990)
                                               ---------

                                               $       -
                                               =========

NOTE 5 - EQUITY TRANSACTIONS

     During  August  2002,  the  Board  of Directors of the Company authorized a
     private  placement  offering to a limited number of sophisticated investors
     the opportunity to purchase 1,250,000 units, consisting one share of common
     stock  and  one  common  stock  purchase  warrant that entitles the warrant
     holder  to  purchase  one  share  of common stock with an exercise price of
     $1.20  per  share  for  a period of four years commencing one year from the
     date  of issuance. The Company completed the sale of 1,250,000 units during
     August  2002,  resulting  in  cash  proceeds  of  $500,000.

                                       20
<PAGE>


                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 5 - EQUITY TRANSACTIONS - continued

     On March 6, 2002 the Board of Directors of the Company approved a plan, and
     amended  its  certificate  of  incorporation,  to  increase  the  Company's
     authorized  capital.  The  new capitalization plan calls for an increase in
     authorized  common  stock  from 20,000,000 shares to 100,000,000 shares and
     for  an  increase  in  authorized  preferred stock from 1,000,000 shares to
     5,000,000  shares.

     On  April  30, 2001 the Company sold CreativeSites.com back to Mr. Weich in
     exchange  for  his  4,000,000 shares of the Company's common stock. At that
     time  Mr.  Weich resigned from all his duties with the Company. In addition
     both  Scott  Ventura and John McVeigh each returned their 300,000 shares of
     common  stock  since they failed to pay the purchase price and subsequently
     resigned  as  directors  of  the  Company.

     On  April 30, 2001 the Company issued 10,000 shares of the Company's common
     stock  to  each  of  its newly appointed directors, Ralph Brown and Matthew
     Sebal,  valued  at  $.05  per  share.  These  directors' fees are for their
     services  during  the  fiscal  year  ended  September  31,  2001.

     During  the  fiscal  year  ended  September  30,  2001  the Company and KGL
     Investments,  the  corporate  counsel,  amended their original agreement to
     provide  $20,000  in  legal  fees  in  exchange  for  400,000 shares of the
     Company's  common stock to 200,000 shares of the Company's common stock for
     $10,000  worth  of  legal fees. These services have been valued at $.05 per
     share.

     During  September  2000, the Board of Directors of the Company authorized a
     private  placement  offering to a limited number of sophisticated investors
     of  the Company's common stock, at a price of $.05 per share. From November
     2000  to  May 2001 the Company completed the private placement of 2,803,000
     shares  of  common  stock,  resulting  in  cash  proceeds  of $140,150. The
     offering  expenses totaled $36,261 and were charged against the proceeds of
     this  offering.

                                       21
<PAGE>


                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE  6  -  STOCK  OPTION  PLAN

     The  Company terminated its 2001 Stock Option Plan during December 2002 and
     adopted  the 2002 Non-Statutory Stock Option Plan (the "Plan"). The Company
     granted  no  stock  options  under  the  2001  Stock  Option Plan. The Plan
     provides for the granting of options non-statutory stock options. The total
     number  of shares of the Company's common stock reserved for issuance under
     the  Plan  is 1,000,000, subject to adjustment by the Board of Directors in
     the  event  of  a  stock split, stock dividend, recapitalization or similar
     capital  change.  Options  may be granted to employees (including officers)
     and  directors  of the Company and certain of the Company's consultants and
     advisors.

     The  Plan  is  presently  administered by the Company's Board of directors,
     which  selects  the  eligible individuals for whom options will be granted,
     determines the number of common shares subject to each option, the exercise
     price  thereof and the period during which option is exercisable. The Board
     of  Directors  also  interprets  the provisions of the Plan and, subject to
     certain limitations, may amend the Plan. Each option granted under the Plan
     will  be  evidenced  by  a  written  agreement  between the Company and the
     optionee.  As of December 23, 2002 no options were granted under this Plan.

NOTE 7- RELATED PARTIES

     On April 30, 2001 the Company signed an executive employment agreement (the
     "Agreement")  with  the Company's new president Mr. Scott Vicari. Under the
     agreement  Mr.  Vicari  was  granted  3,000,000  shares  of common stock as
     compensation  for  his  services to the Company. If Mr. Vicari's employment
     with  the  Company is terminated prior to December 31, 2002 he will forfeit
     the  entire  3,000,000  shares of the Company's stock. If his employment is
     terminated  prior  to December 31, 2003 he forfeits 2,000,000 shares and if
     he  is  terminated  prior  to  December  31, 2004 he forfeits the remaining
     1,000,000  shares  of the Company's stock. The stock compensation issued to
     Mr. Vicari was valued at $.05, based upon the private placement offering at
     the time of issue. The amount is being amortized over the forty-four months
     of  the  employment  contract  period.  Compensation expense of $16,566 was
     charged  to  expense  for the year ended September 30, 2001 and $41,047 was
     charged  to  expense  for  the  year  ended  September  30,  2002.

                                       22
<PAGE>


                    HOSTING SITE NETWORK, INC. AND SUBSIDIARY
                         (A Developmental Stage Entity)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002


NOTE 7- RELATED PARTIES - continued

     On  December  2,  2002  the  Company  amended  the  Agreement to change the
     forfeiture  periods  from  December 31, 2002, 2003 and 2004 to December 31,
     2003,  2004  and  2005,  respectively.

<PAGE>


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

         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 23,
2002, 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.

<TABLE>
<CAPTION>

                                                                       Date of Election
                                                                        or Appointment
          Name        Positions Held                    Age              as Director
          ----        --------------                    ---            -------------
<S>                   <C>                                <C>           <C>

     Scott Vicari     Chairman of the Board, President,  30            April 30, 2001
                      Treasurer, CEO, CFO, Controller

     Matthew Sebal    Secretary, Director                33            April 30, 2001

     Ralph Brown      Director                           69            April 30, 2001

</TABLE>

     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. This takes
about two weeks a month of his time. Mr. Vicari also is employed part time with
our attorneys, Kaplan Gottbetter & Levenson, LLP, working one day a week as

                                       24
<PAGE>

Manager of Information Services, and part time two days a week as Manager of
Information Services for Adams International, Inc., a software company based in
Cider Grove, New Jersey. 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
Sage certifications. He has worked as an IT administrator and IT consultant
implementing a variety of network software/hardware and Internet projects for
numerous clients. Mr. Vicari graduated from Bergen Community College in New
Jersey with an A.S. degree in Business Management in 1994.

     Matthew Sebal has served as our Secretary and Director since April 30,
2001. Since September 2002, 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. Mr. Sebal also serves as the Executive VP Strategy and Marketing and
Chairman of the Board of Directors of NES Worldwide, Inc., a Delaware
corporation, engaged in the filing of EDGAR reports on behalf of public
companies with the United States Securities and Exchange Commission. Since June
2000, Mr. Sebal has been an officer and director of Return Assured Incorporated,
a U.S. public company engaged in the business of providing private and corporate
aviation services. He has also been a director of Mindfuleye Systems, Inc., a
U.S. public company, that is in the business of sentiment analysis, since 2001.
From 1999 to 2000, Mr. Sebal was a Principal in IBM's e-business Services Group
for British Columbia, Canada. From 1997 to 1998, he was Director of Business
Development for Communicate.com, a company engaged in the business of e-commerce
consulting and web site design, and from 1995 to 1997, he was Senior Strategist
for Emerge Online, Inc., a company also engaged in the business of e-commerce
consulting and web site design. Mr. Sebal was also President of Sebal
Enterprises, an import-export business from 1990 to 1995. He holds a
baccalaureate degree in Political Science from the University of Western
Ontario.

     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.

                                       25
<PAGE>

BOARD OF DIRECTORS

     Except for Ralph Brown, who receives $333 per month for serving as a
director, none of our directors receive any remuneration for acting as such.
Directors may however be reimbursed their expenses, if any, for attendance at
meetings of the Board of Directors.  Our Board of Directors may designate from
among its members an executive committee and one or more other committees.  No
such committees have been appointed to date.

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.

                        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, 2002 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, 2002 and (ii) all individuals that served as executive officers of
ours at any time during the fiscal year ended September 30, 2002 that received
annual compensation during the fiscal year ended September 30, 2002 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   Payouts   Compensation
------------------    -------------      ------     -----     ------------  --------   ------------   -------   ------------
<S>                   <C>                <C>        <C>       <C>           <C>        <C>            <C>       <C>
Scott Vicari,              2002            0          0            0            0            0           0            0
Chief Executive            2001            0          0            0 (1)        0            0           0            0
Officer, President         2000            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 2002 we revised Mr. Vicari's
     employment agreement to revise the vesting periods on the 3,000,000 shares
     issued in the employment agreement. As the result of the amendment, if Mr.
     Vicari is not employed by us at December 31, 2003 he forfeits all of the
     shares. If Mr. Vicari is employed by us at December 31, 2003 but not
     employed by us at December 31, 2004 he forfeits 2,000,000 of the shares. If
     Mr. Vicari is employed by us at December 31, 2004 but not employed by us at
     December 31, 2005 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, 2002.

                                       26
<PAGE>

STOCK OPTION PLANS

     The named executive did not participate in any Company stock option plans
during the fiscal year ended September 30, 2002.

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

     During the fiscal year ended September 30, 2002 there were no exercises of
stock options by the named executive.  As at September 30, 2002 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, 2002.

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

     During the fiscal year ended September 30, 2002 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

     Except for Ralph Brown, who receives $333 per month for serving as a
director, our directors receive no 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, 2002 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, 2002 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 23, 2002 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

                                       27
<PAGE>


on such date and all shares of our common stock issuable to such holder in the
event of exercise of outstanding options, warrants, rights or conversion
privileges owned by such person at said date which are exercisable within 60
days of such date.  Except as otherwise indicated, the persons listed below have
sole voting and investment power with respect to all shares of our common stock
owned by them, except to the extent such power may be shared with a spouse.

                                            Shares of
            Name and Address               Common Stock         Percentage
            of Beneficial Owner           Beneficially Owned    Ownership (2)
            -------------------           ------------------    ---------

       Scott Vicari                            3,000,000 (1)       41.2%
       262 Gettysburg Way
       Lincoln Park, NJ  07035

       Matthew Sebal                              10,000           (3)
       938 Howe Street, Suite 402
       Vancouver, British Columbia V6Z 1N9
       Canada

       Ralph Brown                                10,000           (3)
       112 St. Claire Avenue West, Suite 400
       Toronto, Ontario M4V 2Y3
       Canada

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

--------------------------
(1)  Pursuant to the terms of Mr. Vicari's employment agreement, as amended, if
     he is no longer employed with us prior to December 31, 2003 he forfeits all
     3,000,000 shares. If he is employed by us at December 31, 2003 but no
     longer employed with us at December 31, 2004 he forfeits 2,000,000 of these
     shares. If he is employed by us at December 31, 2004 but no longer employed
     with us at December 31, 2005 he forfeits 1,000,000 of these shares.

(2)  Based upon 7,273,500 shares issued and outstanding as at December 23, 2002.

(3)  Less than 1%

CHANGES IN CONTROL

        Not Applicable.

                                       28
<PAGE>

                         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, 2003 he forfeits all
3,000,000 of these shares.  If he is employed by us at December 31, 2003 but no
longer employed with us prior to December 31, 2004 he forfeits 2,000,000 of
these shares.  If he is employed by us at December 31, 2004 but no longer
employed with us prior to December 31, 2005 he forfeits 1,000,000 of these
shares.  These shares were valued at $.05 per share.

     In April, 2001 we issued 10,000 shares of common stock to director Ralph
Brown. These shares were valued at $.05 pre share for a total of $500.

     In April, 2001 we issued 10,000 shares of common stock to director Matthew
Sebal. These shares were valued at $.05 per share for a total of $500.

     In October, 2000 we issued 200,000 shares of our common stock to KGL
Investments, Ltd, the beneficial owner of which is Kaplan Gottbetter & Levenson,
LLP, our legal counsel in exchange for legal services rendered, valued at
$10,000.  These shares were valued at $.05 per share.

     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 (Nicklas Weich's sole proprietorship) for
4,000,000 shares of our common stock issued to Nicklas Weich. On April 30, 2001
we sold CreativeSites.com, Inc. to Nicklas Weich in exchange for the return of
his 4,000,000 shares of our common stock. At that time, Nicklas Weich resigned
as our president CEO, CFO and Chairman of the Board. At that time Scott Ventura
and John McVeigh also resigned as directors.

     On September 14, 2000 we issued 300,000 shares of our common stock to each
of our then directors Scott Ventura and John McVeigh in exchange for $300 from
each of them. Mr. Ventura and Mr. McVeigh failed to pay the purchase price of
$300, and subsequently resigned as directors. In connection therewith, they both
returned their 300,000 shares of common stock.

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

     We believe that the terms of the above transactions are commercially
reasonable and no less favorable to us than we could have obtained from an
unaffiliated third party on an arm's length basis. To the extent we may enter
into any agreements with related parties in the future, the board of directors
has determined that such agreements must be on similar terms.

                                       29
<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                            Registrant's 2002 Non-Statutory Stock Option
                                  Plan

  10.4                            Amendment dated December 2, 2002 to Executive
                                  Employment Agreement dated April 30, 2001
                                  between Registrant and Scott Vicari

  10.5                            Loan Agreement dated as of July 12, 2002 by
                                  and among Registrant, 2 Chansis, Inc., Ray
                                  Grimm and Alfred Hanser

  99.1                            Certificate of Chief Executive and Financial
                                  Officer

----------------------------
(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.

                                       30
<PAGE>

(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.

                        ITEM 14. CONTROLS AND PROCEDURES

     Our principal executive officer and principal financial officer evaluated
the effectiveness of our disclosure controls and procedures as of a date within
90 days prior to the filing of this report.  Based on this evaluation, our
principal executive officer and principal financial officer have concluded that
our controls and procedures are effective in providing reasonable assurance that
the information required to be disclosed in this report is accurate and complete
and has been recorded, processed, summarized and reported within the time period
required for the filing of this report.  Subsequent to the date of this
evaluation, there have not been any significant changes in our internal controls
or, to our knowledge, in other factors that could significantly affect our
internal controls.

                                       31
<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:  January 13, 2003                  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          January 13, 2003
----------------
Scott Vicari               Executive Officer, Chief Financial
                           and Accounting Officer

Board of Directors

/s/ Scott Vicari           Director                            January 13, 2003
------------------------
    Scott Vicari

/s/ Matt Sebal             Director                            January 13, 2003
------------------------
    Matthew Sebal

/s/ Ralph Brown            Director                            January 13, 2003
------------------------
    Ralph Brown

                                       32
<PAGE>
                                 CERTIFICATIONS
     I, Scott Vicari, certify that:

1.   I have reviewed this annual report on Form 10-KSB of Hosting Site Network
     Inc.

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.   I am 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 know 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 my conclusions about the effectiveness
          of the disclosure controls and procedures based on my evaluation as of
          the Evaluation Date;

5.   I have disclosed, based on my 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.   I have indicated in this annual report whether or not there were
     significant changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date of my most
     recent evaluation, including any corrective actions with regard to
     significant deficiencies and material weaknesses.

     Date:  January 13, 2003           /s/ Scott Vicari
                                       -----------------------------
                                       Scott Vicari
                                       Principal Executive and Financial Officer

                                       33
<PAGE>
                            HOSTING SITE NETWORK INC.

                                  EXHIBIT INDEX
Exhibit Number     Item                                                   Page
--------------     ----                                                   ----

  Exhibit
   Number                            Description                          Page
--------------  -----------------------------------------------------     ----
     3.1        Certificate of Incorporation of Registrant filed May
                31, 2000. (1)

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

     3.3        By-Laws of Registrant. (1)

     3.4        Amended By-Laws of Registrant. (3)

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

    10.2        Executive Employment Agreement dated April 30, 2001
                between Registrant and Scott Vicari. (2)

    10.3        Registrant's 2002 Non-Statutory Stock Option Plan           35

    10.4        Amendment dated December 2, 2002 to Executive Employment
                Agreement dated April 30, 2001 between Registrant and
                Scott Vicari                                                41
    10.5        Loan Agreement dated as of July 12, 2002 by and among
                Registrant, 2  Chansis, Inc., Ray Grimm and Alfred Hanser   43

    99.1        Certificate of Chief Executive and Financial Officer        49

-------------------
(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.

                                       34
<PAGE>