UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                       Washington D.C.  20549

                              FORM 10-KSB

(Mark One)

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

     For the fiscal year ended December 31, 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 0-50140

                           Print Data Corp.
         ----------------------------------------------
         (Name of small business issuer in its charter)

            Delaware                                 16-1642709
  -------------------------------              ----------------------
  (State or other jurisdiction of                (I.R.S. Employer
   incorporation or organization)              Identification Number)

43 New Brunswick Avenue, Hopelawn, New Jersey           08861
---------------------------------------------         ----------
 (Address of principal executive offices)             (Zip Code)

Issuer's telephone number:    (732) 826-0800
                          ----------------------

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class                Name of exchange on which registered
-------------------                ------------------------------------

      None                                         None


Securities registered pursuant to Section 12(g) of the Exchange Act:

                     Common Stock, $0.001 par value
                     ------------------------------
                             (Title of Class)

<PAGE>     1


      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 registrant
was required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days. Yes [ ] No [X]

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

      State issuer's revenues for its most recent fiscal
        year..........................................$4,409,106

      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 prices of such common equity, as of  a
specified  date  within  the past 60 days.  (See  definition  of
affiliate in Rule 12b-2 of the Exchange Act).

      As  of  March 28, 2003, the aggregate market value of  our
common   stock,  no  par  value,  held  by  non-affiliates   was
approximately $30,670 (340,773 shares at $0.09 per share,  which
is  the  last  price  which the registrant's common  equity  was
sold).

           (APPLICABLE ONLY TO CORPORATE REGISTRANTS)

      State  the  number of shares outstanding of  each  of  the
issuer's  classes  of common equity, as of the latest  practical
date................

     As of March 28, 2003, there were outstanding 2,533,936
shares of Common Stock, $0.001par value.

               DOCUMENTS INCORPORATED BY REFERENCE

     If the following documents are incorporated by reference,
briefly describe them and identify the part of the Form 10-KSB
(e.g., Part I, Part II, etc.) into which the document is
incorporated: (1) any annual report to security holders; (2) any
proxy or information statement; and (3) any prospectus filed
pursuant to Rule 424(b) or (c) of the Securities Act of 1933
("Securities Act"). The listed documents should be clearly
described for identification purposes (e.g., annual report to
security holders for fiscal year ended December 24, 1990).


     Transitional Small Business Disclosure Format (check one)

                  Yes [ ]        No [X]

<PAGE>    2

                        TABLE OF CONTENTS

PART I

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

PART II

Item 5.   Market for Common Equity and Related Stockholder
          Matters
Item 6.   Management's Discussion and Analysis or Plan of
          Operation
Item 7.   Financial Statements
Item 8.   Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure

PART III

Item 9.   Directors, Executive Officers, Promoters and Control
          Persons; Compliance with Section 16(a) of the Exchange
          Act
Item 10.  Executive Compensation
Item 11.  Security Ownership of Certain Beneficial Owners and
          Management and Related Shareholder Matters
Item 12.  Certain Relationships and Related Transactions
Item 13.  Exhibits and Reports on Form 8-K
Item 14.  Controls and Procedures


<PAGE>    3


Item 1.   DESCRIPTION OF BUSINESS

                   Forward-Looking Statements

     This  Report on Form 10-KSB contains statements  that  plan
for or anticipate the future. Forward-looking statements include
statements about the future of the information supply  industry,
statements  about our future business plans and strategies,  and
most other statements that are not historical in nature. In this
Form 10-KSB, forward-looking statements are generally identified
by   the   words  "anticipate",  "plan",  "believe",   "expect",
"estimate",  and  the  like. Because forward-looking  statements
involve  future risks and uncertainties, there are factors  that
could  cause  actual  results to differ  materially  from  those
expressed  or  implied. For example, a few of the  uncertainties
that  could  affect the accuracy of forward-looking  statements,
besides the specific factors identified herein, include:

1.   Changes   in   general  economic  and  business  conditions
     affecting the information supply industry;
2.   Our costs in the pricing of our supplies and services;
3.   The level of demand for our supplies and services;
4.   Changes in our business strategies; and
5.   Federal, state and local regulations.

                      Business Development

     Print Data Corp. (the "Company") was incorporated under the
laws  of  the  State  of  Delaware on September  17,  2002.  The
Company's predecessor, Print Data Corp. ("Historic Print  Data")
was  incorporated  under the laws of the State  of  Delaware  on
August   15,  1984  as  a  business  forms  distributor,   which
eventually  grew  and  expanded its customer  base  and  product
lines,  making it a dependable supplying source for  all  office
and  computer  environment supply needs. For  almost  20  years,
Print  Data  Corp.  has  been a nationwide  source  for  30,000+
products,  including printing services, paper, and all  supplies
used in a computer and office environment. Its revenues for  the
fiscal   years   ending  2001  and  2002  were  $4,587,243   and
$4,409,106, respectively.

     In  order  to  effectuate its desire to become  a  publicly
traded  corporation,  in  September 2001,  Historic  Print  Data
merged  with  Odyssey Capital Group, Ltd., a Nevada  Corporation
("Odyssey"), whereby all of the issued and outstanding shares of
Historic Print Data stock were acquired by means of a merger  of
Historic  Print Data into Odyssey, with Odyssey as the surviving
corporation.  Historic  Print Data effectively  disappeared.  In
connection  with this merger, Articles of Merger were  filed  in
September 2001 with the Nevada Department of State; however, due
to  oversight,  the Certificate of Merger was  not  filed  until
August  2002  with  the Delaware Department of State.  Odyssey's
Nevada  certificate of incorporation remained as  the  surviving
corporation's certificate of incorporation, and as part  of  the
merger   transaction,  Odyssey  amended   its   certificate   of
incorporation  to  change  its name  to  Print  Data  Corp.  For
accounting   purposes,  the  acquisition  was   treated   as   a
recapitalization of Historic Print Data with Historic Print Data
as the acquirer (reverse acquisition). At the time of the merger
transaction,   Odyssey   was  a  shell  corporation   conducting


<PAGE>    4


virtually no business operation, other than its efforts to  seek
merger  partners  or acquisition candidates. Its  capitalization
consisted  of  1,818,532  shares  of  common  stock  issued  and
outstanding.  Shareholders  of  Historic  Print  Data   received
7,500,000  shares of Odyssey common stock and 642,576 shares  of
Odyssey  preferred stock (convertible into 3,212,880  shares  of
common  stock).  Concurrently, an additional 790,000  shares  of
preferred  stock  (convertible into 3,950,000 shares  of  common
stock) was issued to certain advisors and consultants as part of
the plan  of  merger.   All  of the  shares  described above are
presented  as "pre-split"  shares,  see  discussion  of  reverse
stock splits below.

     Odyssey  was  originally incorporated as  Dayton  Filmcorp.
under the laws of the State of Nevada in June of 1987. In August
of   1987,   World  Energy  Solar  Technology  Corp.,   a   Utah
corporation,   merged  into  Dayton  Filmcorp,  whereby   Dayton
Filmcorp was the surviving corporation. In 1994, Dayton Filmcorp
changed its name to Universal Marketing and Entertainment,  Inc.
In  1998,  it reverse split its stock 1 for 20. In May of  2001,
Universal Marketing and Entertainment, Inc. changed its name  to
Odyssey Capital Group, Ltd., and reverse split its stock  1  for
5.  Finally,  as  discussed above, in  September  2001,  Odyssey
merged  with  Historic  Print  Data,  whereby  Odyssey  was  the
surviving  corporation; and Odyssey changed its  name  to  Print
Data Corp., a Nevada corporation ("Print Data Nevada").

     On  October  11,  2002, Print Data Nevada restructured  its
entire  capital  structure whereby it reverse split  its  common
stock  1 for 20 and its preferred stock 1 for 500; and, in order
to  change  its state of incorporation from Nevada to  Delaware,
Print Data Nevada, merged into its newly formed subsidiary Print
Data Corp., a Delaware corporation (the "Company"). Pursuant  to
the plan of merger, all of the issued and outstanding shares  of
Print  Data Nevada stock were acquired by means of a  merger  of
Print  Data  Nevada into the Company, with the  Company  as  the
surviving    corporation.   Print   Data   Nevada    effectively
disappeared. The Company's certificate of incorporation remained
as  the  surviving  corporation's certificate of  incorporation.
Pursuant  to the plan of merger, each share of common  stock  of
Print  Data Nevada was converted into one share of common  stock
of  the Company and each share of preferred stock of Print  Data
Nevada  was  converted  into 5 shares of  common  stock  of  the
Company.

                     Our Business Operations

     Print  Data  Corp.  ("Print Data" "we" "our"  "us"  or  the
"Company") is a full-service distributor of information supplies
that services small-and-large-sized businesses and institutions.
We  offer  our  customers a full range of information  supplies,
including   traditional  office  supplies;   office   furniture;
computer  fax  and  printing supplies and accessories;  business
machines,  copiers and office equipment; business  forms,  paper
and full service printing capabilities; data management supplies
and  service;  creative  and  administrative  services;  premium
incentives, advertising specialty and promotional products;  and
binders, folders, indexes and boxes. Print Data distributes more
than  30,000+ products to its customers in the U.S. We currently
service  our clients through our sales and distribution  centers
located  in  central  New  Jersey, Long  Island,  New  York  and
Wilmington Delaware. Our customers are primarily located in  the
New  York  Tri-state  area  and  the  greater  Philadelphia  and
Delaware areas; but, we sell and deliver all of our products  to
customers nationwide.


<PAGE>    5

     Print Data has developed and implemented an integrated full-
service approach to serving the information supply needs of  its
customers. We offer our clients, without additional charge,  use
of one of our fully insured modern warehouses located in central
New  Jersey  or  Wilmington,  Delaware,  where  they  can  store
information and office supplies that they previously ordered and
purchased  from Print Data. and Additionally, we can deliver  24
hours  a day, 365 days a year, even on New Years Day. The  long-
standing supplier relationships that we have developed over  the
years  allow us to fulfill our customer guarantee of  "What  you
want. When you want it...at the price you want to pay." and  our
combined  years of business and industry knowledge give  us  the
experience  needed  to fulfill our customers every  requirement.
Print Data's motto is "We Sell Peace of Mind!"

                      Our Growth Strategies

Print Data's growth strategy is to increase its business by:

1.   Expanding  the  scope of our operations, primarily  through
     acquisitions  of comparable information supply distributors
     in major U.S. metropolitan markets;

2.   Focusing our sales efforts on broadening our customer base;
     and

3.   Increasing  sales  of  products and  services  to  existing
     customers by effective utilization of value-added  services
     offered by our Company.

Growth Through Acquisitions
---------------------------

     Our   Company's  long-term  strategy  is  to   expand   our
operations   through  selective  acquisitions  of   established,
quality,  comparably  sized information supply  distributors  in
order  to  create  cost savings (through reduced  administrative
expenses  as  a  percentage of sales and  additional  purchasing
power)   and   increase  sales  and  total   profitability.   In
particular,  we  intend to seek out target companies  that  will
enhance Print Data's weaker product lines. Target companies with
strong  product lines in premium incentives, envelope conversion
and  printing, and blank paper merchandising with  direct  paper
mill  purchasing capabilities are of particular interest to  our
Company.  Additionally,  since  we  do  not  have  a  depth   of
managerial  personnel, target companies with  strong  management
personnel will also be of particular interest to our Company.

     We generally expect to retain existing senior management of
acquired  companies with experience in local  market  conditions
and  customer needs, whenever possible, and to have  centralized
administrative functions, merchandising, purchasing and  systems
development to achieve cost savings through economies of  scale.
The integration of acquired businesses may, however, lead to the
loss of key employees of the acquired companies and diversion of
management attention from other ongoing business concerns.

     We  may  not  be  able  to  complete targeted  acquisitions
because  of  competition, price or the availability of  suitable
candidates.   We   anticipate  significant  future   acquisition
funding,  to  the  extent required, will  necessitate  obtaining
additional debt and/or equity capital resources, which  may  not
be  available. In addition, we will encounter various risks with


<PAGE>    6


each  acquisition, including the possible inability to integrate
the  acquired business into our distribution network,  diversion
of   management's   attention  from  current   operations,   and
unanticipated problems, costs, or liabilities, some  or  all  of
which could have a material adverse effect on the operations and
financial performance of our Company.

Growth Through Broadening Our Customer Base
-------------------------------------------

     Management  believes that many of its larger customers  are
seeking  to control overhead and reduce the total cost of  their
information supply needs while demanding a significantly broader
range of products and services. Many of these customers are also
reducing the number of suppliers with whom they do business.  We
view these changing market conditions as a major opportunity  to
obtain  new customers. We will seek to attract new customers  by
combining a dedication to technology solutions with high  levels
of  customer  responsiveness and flexibility.  Specifically,  we
intend to:

1.   Expand  our  sales force beyond the six outside salespeople
     we  currently  have.  We recently opened  our  third  sales
     office, which is located on Long Island in Ronkonkoma,  New
     York;

2.   Continue  to  train  our  sales  force  to  focus  on   the
     increasingly complex needs of our customers; and

3.   Expand  our  product  and service offerings  to  meet  the
     changing needs of our customers.

Growth  Through  Expanding  Products  and  Services  Offered  to
Existing Customers
----------------------------------------------------------------

     Management believes there are significant opportunities  to
increase  sales  of  both  products  and  services  to  existing
customers, particularly by increasing customers' utilization  of
the  value-added  services  offered  by  our  Company,  such  as
stockless delivery, electronic commerce, and custom billing.

     Print  Data  works with its larger customers to develop  an
"outsourcing"  approach  by providing  value-added  services  to
reduce  customers'  costs associated with information  supplies.
For  example,  customers  may rely entirely  on  Print  Data  to
deliver  office  products when and as needed by  the  customers'
employees,  resulting  in  a  "stockless  supply"  system.   The
customers   completely  eliminate  their  inventory  of   office
products, storage facilities for office products and all related
personnel  and administrative requirements. Additionally,  Print
Data offers a "total systems service", which is comprised of  an
overall  evaluation of a customer's product use. Print  data  is
presently attempting to emphasize this valuable service  to  its
current customer base.

     Print  Data  offers  a  variety of leading-edge  electronic
commerce  solutions  to  meet the needs  of  its  customers.  We
currently  provide  customers with  secure  Internet  purchasing
platforms  and  customized customer-specific  secure  web  sites
designed to decrease response times and error rates and  improve
customer service. Additionally, we offer our customers access to
our  entire  selection  of information  supplies  through  Print
Data's electronic commerce systems.


<PAGE>    7

                    Our Products and Services

     Print Data offers its customers a full range of information
supplies,   including   traditional  office   supplies;   office
furniture;  computer fax and printing supplies and  accessories;
business machines, copiers and office equipment; business forms,
paper  and  full service printing capabilities; data  management
supplies  and  service;  creative and  administrative  services;
premium   incentives,  advertising  specialty  and   promotional
products; and binders, folders, indexes and boxes. Print  Data's
30,000+  product line enables us to provide our  customers  with
immediate access to a broad range of products. Additionally,  we
provide a wide variety of customized value-added services to our
customers,  which  are designed to reduce the  customer's  total
overall cost of managing its information supply needs.

Office Supplies/Computer, Fax & Printing Supplies
-------------------------------------------------

     We  provide  our  customers access to one of  the  broadest
available selections of office supplies. Products include paper,
writing   instruments,  mailroom  supplies,   filing   supplies,
organizers, desktop accessories, business forms, binders,  tape,
printed  products,  staplers and other fastening  products,  and
consumable items.

     We  also sell a variety of consumable computer supplies and
accessories,  such  as  computer workstations  (desks,  hutches,
mobile  stations, mobile LAN stations, printer  stands,  systems
furniture)   desk   organizers;  files;   lecterns;   literature
organizers;  lockers; panel systems; safes;  tables;  and  other
accessories.

Office Furniture
----------------

     We  sell a comprehensive line of "catalog furniture," which
is  a  term used generally to describe low-and mid-priced desks,
chairs,  file  cabinets  and  other  office  furniture  that  is
included in the Company's catalogs and generally sold from stock
on  a piece basis. We also offer executive furniture and modular
office systems. To complement office furniture, we sell a  broad
range  of ergonomic products designed to enhance worker comfort,
safety and productivity.

Business Machines
-----------------

     We  sell a variety of business machines, including copiers;
fax machines; calculators; printers; scanners; zip drives; label
makers;   shredders;   binding  machines;   tape   recertifiers;
laminators; adaptors; folders; and decollators.

Business Forms, Paper & Full Service Printing Capabilities
----------------------------------------------------------

     We offer customized forms management services to reduce the
customer's  indirect  costs for maintaining  forms.  Print  Data
works  directly with third-party, trade printers to arrange  for
the  supply of such forms to its customers, allowing a  customer
to  reduce  its  storage  and personnel  requirements.  We  also
provide  customized  printing services  for  our  customers  for
products such as business cards and company stationery.


<PAGE>    8


Binders, Folders, Indexes and Boxes
-----------------------------------

     We  sell  a  variety of both stock and custom  presentation
folders;   notebooks;  tabs  (alpha/numeric);  video/audio/cd's;
software packaging; and portfolios.

Data  Management Supplies & Services/Creative and Administrative
Services

     We  offer   laser/impact   printing;   diskette conversion/
duplication;  3480/90 conversion;  3420/80/90  tape duplication;
programming;  presorting  (domestic/foreign); computer time-data
distribution;  digitizing-bar coding; and parallel micrographics
generation.

     Additionally,  we  offer Mac/IBM media to film  conversion;
forms   design-systems   analysis;  forms   management-inventory
control;  warehousing; distributing; complete mailing  services;
fulfillment  services; and a complete knowledge of domestic  and
international postal regulations.

Premium Incentives
------------------

     We  sell  numerous  advertising specialty  and  promotional
products,  all of which may be personalized with the  customer's
logo  and/or  name.  These items include,  among  other  things,
customized gift products; umbrellas; tee shirts; key rings; golf
balls;   paper  weights;  pens/pencils;  tote  bags;  calendars;
jackets; and cube pads.

             How We Market Our Products and Services

Overview
--------

     Print Data's marketing strategy is designed to increase its
customer   base   of  medium-and  large-sized   businesses   and
institutions  located  within the New York  Tri-state  area  and
greater  Philadelphia  and  Delaware  areas.  We  flexibly   and
responsively  demonstrate to customers and  potential  customers
that the total overall cost of managing their information supply
needs  can be reduced by focusing on process cost reduction.  We
work  with  customers to simplify and reduce the  costs  of  the
information  supply  procurement process by  providing  services
such  as  both electronic and paper requisition forms.  We  have
implemented  customer specific secure purchasing  platforms  and
custom  web site locations, which enables us to establish common
product  and pricing data. As a result, we can provide customers
with  consolidated  reports, billing and other  useful  customer
information  as  well  as  serve  as  the  foundation  for   the
development of additional common customer service and  operating
systems.  Our  marketing philosophy is to provide  the  customer
what is wanted, when it is wanted, as effortlessly as possible.

     We market our products and services to customers through  a
local  dedicated  sales force using full-color catalogs  of  our
product  and service offerings. Some of the information supplies
offered  in  these  main  catalogs are  kept  in  stock  at  our
distribution centers; however, we enjoy a favorable relationship
with  many  of our suppliers so that items not in stock  can  be
delivered to a customer on a next-day basis, which enables us to
better manage our inventory levels. Together, Print Data's local
sales  force  and  catalogs are key elements  of  its  marketing
strategy.


<PAGE>    9


Sales Force
-----------

     Print  Data utilizes a variety of sales approaches tailored
to  the  specific  needs of its customers. The majority  of  our
sales  are  conducted through a sales force  consisting  of  six
outside  salespeople,  two  of which  are  also  in  management.
Management  salespersons  and non-management  sales  persons are
paid  on  a  weekly  draw  against  a  monthly  commission.  The
commission  rate  varies within  the  group  and is based on the
gross  profit  of their sales.  We  service all of our customers
through our sales personnel and customer service representatives.

     Our sales force is trained to assist our customers with the
implementation of a comprehensive information supply procurement
system, which includes the supply of office products as well  as
the  provision  of customized services, such as  customized  web
sites. Management is committed to provide training for its sales
force, with the objective of enabling sales personnel to educate
customers  as  to  the  total overall costs  of  managing  their
information  supply needs and assisting customers  in  designing
programs to minimize these costs.

Catalogs
--------

     We   annually  distribute  a  full-color  catalog  of   our
information  supply  offerings containing approximately  30,000+
products. The catalog contains a narrative and pictorial selling
presentation, prices and a description of each item's  uses  and
features,  as well as descriptions of the services available  to
customers.  The  Company also produces other specialty  catalogs
for  its marketing efforts, targeted to customers by size and/or
type.  We  generally do not utilize newspaper,  radio  or  other
forms of mass media advertising.

                          Our Customers

     The  Company's  customers include  Fortune  500  companies,
financial   institutions,  non-manufacturing  and  manufacturing
entities, as well as small businesses. Approximately 65% of  our
sales  are derived through sales to Fortune 500 companies. Eight
customers  accounted for approximately 55.53% of  the  Company's
sales  in  2002; and two of these customers accounted  for  more
than  10%  of the Company's sales in 2002. These customers  were
First  Investors Corp., which accounted for approximately 20.01%
of   2002  sales,  and  CDG  (Civic  Development  Group),  which
accounted  for approximately 11% of 2002 sales. While management
believes  that it enjoys a good relationship with these clients,
the loss of any one of these clients or a reduction in the needs
of such clients could adversely affect our financial condition.

                           Purchasing

     Print  Data  purchases a large majority of its products  in
volume  directly  from manufacturers or major  wholesalers,  who
deliver the merchandise directly to one of our local warehouses.
We have developed longstanding relationships with our suppliers.
To  maximize  our purchasing power, our purchasing strategy  has
been  to  establish  preferred relations with certain  suppliers
with  whom  we  can  capitalize on  purchasing  economies.  This
"preferred  supplier"  strategy  creates  advantageous   pricing


<PAGE>    10


relationships for our Company. Additionally, we have  been  able
to  return any unsold or obsolete information supplies inventory
to  our  suppliers,  resulting in minimal inventory  write-offs;
however,  we cannot assure you that our suppliers will  continue
to offer this return policy in the future.

     During the fiscal year ended December 31, 2002, Print  Data
purchased  merchandise  from over 50  suppliers  in  the  United
States. The largest supplier, Brenner Paper Products Co.,  Inc.,
accounted for approximately 7% of our total purchases,  and  the
ten  largest  suppliers accounted for more  than  50%  of  total
inventory  purchases.  Although  substantial  portions  of   the
Company's  purchases are concentrated with  a  relatively  small
number  of  suppliers,  we believe that alternative  sources  of
supply  are  available for virtually every product we  sell.  We
realize, however, that customer brand preference is an important
factor in the purchase of certain office products, and that  our
competitive  position  is enhanced by the inclusion  of  popular
brand name items. Print Data considers its relationship with all
of  its  suppliers to be good, and we have not  experienced  any
difficulty in sourcing our merchandise.

                            Logistics

     Print  Data  receives orders primarily via  the  telephone.
After  a  customer places an order, we create order  fulfillment
documents for those items in stock, which are routed to  one  of
our  warehouses  for order fulfillment. At  the  same  time,  we
transmit via telephone those portions of the orders not in stock
to  a  designated supplier. Typically, suppliers  ship  customer
orders  directly  to one of our warehouses to  ensure  that  the
right  product  will  be  delivered, undamaged,  to  the  proper
customer address. Only approximately 5% of our products are drop-
shipped  directly  from  the supplier or manufacturer.  We  have
arrangements  with various suppliers to receive  products  on  a
same-day basis. These items are combined with in-stock items  to
accommodate  customer delivery requests. In  2002,  the  Company
filled  over 40% of customer orders for information supplies  on
either  a same-day or next-day shipment basis, depending on  the
customer's  specific needs. We use a combination  of  owned  and
leased   vehicles  and  third-party  services  to  deliver   our
information supplies.

     Print   Data   warehouses  its  customers'   products   and
additionally provides them with 24 hour a day, 365  day  a  year
delivery. This creates savings for the customer by reducing  the
need for storage facilities, personnel and capital investment in
non-income  producing inventory. In some cases,  customers  rely
entirely on our Company to deliver office products when  and  as
needed  by  the customer's employees, resulting in a  "stockless
supply" system whereby they completely eliminate their inventory
of  office products, storage facilities for office products  and
all related personnel and administrative requirements.

                         Our Competition

     Print  Data  operates  in a highly competitive  environment
that  has  resulted in pressure on gross profit levels  for  the
past  few  years.  The  principal  competitive  factors  in  the
information  supplies distribution industry are service,  price,
product quality and product offerings. Management believes  that
increasing  industry-wide competition and price  sensitivity  of
customers will continue to exert pressure on gross profit levels
in the future.


<PAGE>     11


     Our  largest primary competitors are Moore Business  Forms,
GBS  Corp., PROforma, and SFI. Our largest secondary competitors
consist  of Boise Cascade Office Products Corporation, Corporate
Express,  Inc., U.S. Office Products Company, BT Office Products
International,  Inc.  and,  to an extent,  the  office  products
distribution businesses of Office Depot, Inc., Office Max,  Inc.
and  Staples, Inc. These businesses compete for, and sell office
products  to,  many  of  the  same  customers  as  Print   Data.
Management  believes  that  it  competes  favorably  with  these
companies  on  the  basis  of  its  customized  and  value-added
services and the price of its products.

     In  the  area of office products, our principal competitors
are  national office products distributors, traditional contract
stationers, direct mail order companies, retail office  products
superstores,   stationery  stores,  warehouse  clubs,   computer
stores, and Internet-based merchandisers. With respect to medium-
and  large-sized businesses and other institutions, which  truly
represent  our target market, management believes that  existing
customers  and  potential customers prefer to deal  with  value-
added  information supplies distributors, such  as  Print  Data,
which  can  provide the lowest total overall  cost  of  managing
their  information  supplies  needs,  high  levels  of  service,
convenience and rapid delivery.

     Most  of  our competitors have greater financial  resources
and  purchasing  power than we do and, particularly  in  certain
instances, significant name recognition. In addition, we believe
that   the  information  supplies  distribution  industry   will
continue   to   consolidate  over  the  next  few   years   and,
consequently become more competitive. We believe that increasing
competition  and  heightened price sensitivity  among  customers
have  led  to industry-wide pressure on gross margins,  a  trend
which  we  expect will continue in the future. We cannot  assure
you  that increased competition will not have an adverse  effect
on us.

                         Our Facilities

     Our executive and business office headquarters consists  of
office  space located at 43 New Brunswick Avenue, Hopelawn,  New
Jersey  08861. Our mailing address is P.O. Box 349, Perth Amboy,
New  Jersey  08862.  We  coordinate our operations,  market  our
services  and maintain a warehouse from this facility.  We  also
maintain office and warehouse space in Wilmington, Delaware  and
a  sales  office  on  Long Island in Ronkonkoma,  New  York.  We
believe   our   facilities  are  adequate  for  our   reasonably
foreseeable needs. See "Description of Property".

                          Our Employees

     We  presently  employ a total of fourteen  people,  two  of
which   are   part-time,  and  four  of  which  are  independent
contractors.  Our employees work in management,  administration,
sales  and marketing, warehousing and delivery. We consider  our
employee  relations to be good, and none of  our  employees  are
represented by a labor union.

         Government Regulations That Affect Our Business

     Our  business is not currently subject to direct regulation
by  any  domestic  or  foreign governmental agency,  other  than
regulations generally applicable to businesses, and  we  believe
that  we  have complied with these laws and regulations  in  all
material respects.


<PAGE>     12


Item 2.  Properties.

      We  lease  approximately 10,000 square feet of office  and
adjoining warehouse space for our executive and business  office
and   warehouse  headquarters  in  Hopelawn,  New   Jersey.   We
coordinate  our operations, market our services and  maintain  a
warehouse from this facility. We also lease approximately  1,500
square  feet  of  public warehouse space located in  Wilmington,
Delaware.  We  believe  our  facilities  are  adequate  for  our
reasonably foreseeable needs. We lease our office space at  fair
market value rates from third parties.

Item 3.  Legal Proceedings.

     As of the date of this Report on Form 10-KSB, we are a
party to the following material legal proceedings:

Print Data Corp. v. Morse Financial, Inc., James A. Morse and
George A. Todt
-------------------------------------------------------------

     This  case  was filed in the United States District  Court,
District  of  New Jersey on or about September 18,  2001.  Print
Data  Corp.  is the Plaintiff. Morse Financial, Inc.,  James  A.
Morse  and George A. Todt are Defendants. Third-Party Plaintiffs
are  Morse  Financial,  Inc., James  A.  Morse  and  Third-Party
Defendants are: Robert Gasich and Martin McIntyre.

     Print  Data  entered into a contract with Morse  Financial,
Inc., whereby, among other things, Morse Financial, Inc. was  to
provide, interim debt and equity financing and was to provide  a
vehicle   to   take   Print  Data  public.  Combined   Companies
Corporation, which was owned and controlled by George  A.  Todt,
was the public shell company which was to be used as the vehicle
through which Print Data would become a publicly traded company.
Morse Financial, Inc. breached its contract with Print Data  and
Combined  Companies Corporation, through George A. Todt,  failed
to  comply  with  certain  post-combination  requirements  which
necessitated  that  the  business  combination  be  unwound  and
resulted in damages to Print Data. No claims, by any party, have
been asserted against Print Data.

     Print  Data,  seeks compensatory damages for,  among  other
things,   professional   fees   associated   with   the   failed
combination, in an amount to be proven at trial, but in no event
less  than  $150,000, and damages of $1,000,000  resulting  from
lost  business opportunities and damage to Print Data's business
reputation.

Stephan Herold v. Print Data Corp., and FCTC Transfer Services,
L.P.
---------------------------------------------------------------

     This  case  was filed in Maricopa County, Arizona  Superior
Court,  on July 3, 2002. Stephan Herold is the Plaintiff.  Print
Data Corp., and FCTC Transfer Services, L.P. are each Defendants

     Stephan   Herold  purchased  500,000  shares  of  Universal
Marketing  &  Entertainment Inc. ("UMEI"), subsequently  Odyssey
Capital  Group,  Ltd., a Nevada Corporation  ("Odyssey").  After
Historic  Print Data merged with Odyssey in September 2001,  Mr.
Herold  submitted his UMEI certificates for conversion and  also
requested  that  the  restrictive legends be  removed  from  the


<PAGE>     13


stock,  claiming  that the requirements of Rule  144(k)  of  the
Securities  Act of 1933, as amended (the "Securities  Act")  had
been  met  and  that  the stock restrictions could  be  removed.
According  to  the  Complaint, our Company's  counsel  and  FCTC
Transfer Services, L.P., our transfer agent, refused to  provide
Mr.  Herold with unrestricted stock, and demanded an opinion  of
counsel  so  that the unrestricted shares could be  issued.  Mr.
Herold  refused  to  provide such opinion  of  counsel,  and  no
unrestricted shares were issued. Mr. Herold brought this  action
claiming  damages for the loss of the opportunity  to  sell  his
stock  in  an  unrestricted manner. Our  position  is  that  the
restriction  itself  called for the shareholder  to  provide  an
opinion  of  counsel before the shares would be  issued  without
restriction.

     The  case  is  in  the  early stages. All  defendants  have
answered the Complaint and discovery has commenced, but has  not
yet  been  completed. but no discovery has yet taken  place.  We
intend  to  vigorously contest the matter.  Although  the  facts
ascertained  to date indicate a favorable outcome  is  the  most
likely  result,  it  is too early in the process  to  provide  a
detailed evaluation of the likelihood of success. It is also too
early to provide an estimate of the amount or range of potential
loss, although according to the Complaint, Mr. Herold is seeking
$75,000 so the assumption can be made that this would be at  the
high end of that range.

We are not aware of any other litigation or threatened
litigation of a material nature.


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

On  October 4, 2002, the Company held a special meeting  of  the
Board of Directors and stockholders to consider and vote on  the
following matters:

1.   Approve  and adopt a reverse stock split whereby  effective
     October  11,  2002, the Company's common stock,  $.001  par
     value,  is to be reversed 20 for 1 and the Company's Series
     A  Preferred Stock, $.001 par value, is to be reversed  500
     for 1.

<TABLE>
<CAPTION>
     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------
     <S>         <C>         <C>             <C>

     7,607,600      0            0                 0
</TABLE>

2.   In  connection  with the reverse stock split,  approve  the
     amendment to the Company's Certificate of Incorporation  to
     retain  the  aggregate number of authorized shares  of  the
     Company's  common stock at 50,000,000 shares and  preferred
     stock at 20,000,000.

<TABLE>
<CAPTION>
     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------
     <S>         <C>         <C>             <C>

     7,607,600      0            0                 0
</TABLE>

3.   To  approve  and  adopt an agreement  and  plan  of  merger
     providing for the merger of the Company into its newly formed,
     wholly-owned  subsidiary,  Print  Data  Corp.,  a  Delaware
     corporation for the purpose of changing the Company's state of
     incorporation from Nevada to Delaware.

<TABLE>
<CAPTION>
     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------
     <S>         <C>         <C>             <C>

     7,607,600      0            0                 0
</TABLE>


<PAGE>    14


4.   To  re-elect three (3) directors to the Board of  Directors
     of the Company. These persons are the only persons who serve as
     directors of the Company.

<TABLE>
<CAPTION>
     Jeffrey I. Green

     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------
     <S>         <C>         <C>             <C>

     7,607,600      0            0                 0

     Phyllis Green

     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------

     7,607,600      0            0                 0

     Matthew T. Henninger

     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------

     7,607,600      0            0                 0
</TABLE>

5.   To appoint the accounting firm of Weinberg & Company, P.A.,
     to serve as independent auditors of the Company for the year
     2002.

<TABLE>
<CAPTION>
     For         Against     Abstentions     Broker Non-votes
     ---         -------     -----------     ----------------
     <S>         <C>         <C>             <C>

     7,607,600      0            0                 0
</TABLE>

The  requisite  majority of the stockholders  of  the  Company's
common  stock  and preferred stock approved all of  the  matters
described above.


PART II

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

     Our  Common Stock is currently traded under the symbol PDDE
on  the  Pink  Sheets' Electronic Quotation Service  (the  "Pink
Sheets"). The following table set forth below lists the range of
high  and low bids for our Common Stock for each fiscal  quarter
for  the  last two fiscal years and the first three quarters  of
our  current  fiscal year as reported by the  Pink  Sheets.  The
prices  in the table reflect inter-dealer prices, without retail
markup,  markdown  or  commission and may not  represent  actual
transactions.

<TABLE>
<CAPTION>

                          High                            Low
                  Bid             Asked           Bid            Asked
<S>               <C>             <C>             <C>            <C>

2001
1st Quarter       $.035           $.05            $.01           $ .02
2nd Quarter       $.018           $.03            $.01           $ .018
3rd Quarter       $.22            $.30            $.007          $.014
4th Quarter (1)   $1.11           $1.35           $.03           $ .05

</TABLE>


<PAGE>    15


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

2002
1st Quarter       $.055           $.07            $.005          $ .011
2nd Quarter       $.01            $.018           $.003          $ .004
3rd Quarter       $.01            $.015           $.007          $ .009
4th Quarter (2)   $.06            $.51            $.005          $ .25
-----------------------------
</TABLE>

(1) Prices reflect a 1 for 5 reverse stock split
(2) Prices reflect a 1 for 20 reverse stock split

                             Holders

     As  of  the date of this Report on Form 10-KSB, we  have  a
total  of 2,533,936 shares of Common Stock outstanding, held  of
record  by  approximately 177 shareholders. We do not  have  any
shares of Preferred Stock outstanding.

                            Dividends

     No cash dividends were declared or paid on our Common Stock
for the last two fiscal years. No restrictions limit our ability
to  pay dividends on our Common Stock. We have not paid any cash
dividends  on  our  Common Stock to date. The  payment  of  cash
dividends  in  the future, if any, will be contingent  upon  our
Company's  revenues  and earnings, if any, capital  requirements
and general financial condition. The payment of any dividends is
within  the discretion of our board of directors. Our  board  of
director's present intention is to retain all earnings, if  any,
for  use in our business operations and, accordingly, the  board
of  directors  does not anticipate paying any cash dividends  in
the foreseeable future.

RECENT SALES OF UNREGISTERED SECURITIES

During the period covered by this report, the Company has issued
shares of Common Stock as follows:

     In  connection with our reorganization in October 2002,  we
restructured  our  entire capital structure whereby  we  reverse
split  our common stock 1 for 20 and our preferred stock  1  for
500.  No shares of preferred stock were ever converted to common
stock prior to the 1 for 500 reverse split. Pursuant to our plan
of  merger, each share of common stock of Print Data Nevada  was
converted into one share of Common Stock of the Company and each
share of preferred stock of Print Data Nevada was converted into
5  shares of Common Stock of the Company. The Company relied  on
Section 4(2) of the Securities Act.

     Further, during October 2002, we issued 1,765,328 shares of
Common  Stock  to  two of our directors in connection  with  the
conversion  of certain promissory notes made by the  Company  to
each  of  them.  Pursuant to the terms of the promissory  notes,
each  promissory note was convertible into the Company's  Common
Stock at a conversion price equal to a 25% discount to the  last
closing bid price of the Company's Common Stock as quoted on the
over-the-counter market as reported by the National  Association
of  Securities Dealers, Inc. Over-the-counter Bulletin Board  or
any  similar  successor  organization or  the  Pink  Sheets.  On
October 16, 2002, the conversion date, the closing bid price  as
quoted  on the Pink Sheets was equal to $0.005 per share,  which



<PAGE>    16

means  the conversion price per share was equal to $0.00375  per
share.  The  outstanding principal owed on each promissory  note
was  equal  to $3,250, and the unpaid accrued interest  on  each
promissory  note  was  equal to $59.99,  all  of  which  totaled
$3,309.99  in the aggregate, and equated to 882,664  shares  for
each promissory note. The Company relied on Section 4(2) of  the
Securities Act.

     No  underwriters were utilized and no commissions  or  fees
were paid with respect to any of the above transactions. We  are
not  aware of any other issuances of shares of Common Stock made
by our Company to any other persons during the past three years.

Item 6.  Management's Discussion and Analysis or  Plan  of
         Operation.

      The  following  discussion  "Management's  Discussion  and
Analysis   or   Plan  of  Operation"  contains   forward-looking
statements. The words "anticipate," "believe," "expect," "plan,"
"intend,"  "estimate,"  "project," "will,"  "could,"  "may"  and
similar  expressions  are  intended to identify  forward-looking
statements.  Such  statements reflect  our  current  views  with
respect  to future events and financial performance and  involve
risks   and   uncertainties.  Should  one  or  more   risks   or
uncertainties  occur,  or  should underlying  assumptions  prove
incorrect, actual results may vary materially and adversely from
those   anticipated,  believed,  expected,  planned,   intended,
estimated, projected or otherwise indicated.

     The  following is qualified by reference to, and should  be
read in conjunction with our financial statements, and the notes
thereto, included elsewhere in this Form 10-KSB, as well as  the
discussion  hereunder "Management's Discussion and  Analysis  or
Plan of Operation".

                  Accounting for Reorganization

     In  view  of  Historic  Print  Data's  reorganization  with
Odyssey,  a  shell  corporation, via  a  "reverse  merger,"  the
Company's   financial  statements  have  been   treated   as   a
reorganization for presentation purposes.

Results of Operations

Fiscal  year  ended December 31, 2002 compared with fiscal  year
ended December 31, 2001.
----------------------------------------------------------------

     Net  sales  decreased to $4,409,106 in 2002 from $4,587,243
in  2001, a decrease of $178,137 or 3.88%. The decrease in sales
resulted  from various US economic conditions that  resulted  in
cutbacks  of  purchasing printed materials and services  by  our
customers.

     Gross profit as a  percentage of  net  sales  was 39.3%  in
2002  as compared to 37.17% in  2001, an increase  of  1.84.24%.
The  increase  was  attributable  primarily to our requiring our
sales force  to maintain  minimum profit margins on  all  sales,
and better managing our costs and expenses within our purchasing
department, which provided us with more aggressive pricing  from
our vendors.


<PAGE>    17

Selling  and administrative expenses, expressed as  a percentage
of net sales, were 44.09%  in 2002 compared to 36.2% in 2001, an
an increase  of  21.8%.  The increase was attributable primarily
to the  additional expenses related to  being a  publicly traded
company,  preparing to be  a reporting  company, as  well as the
additional expenses related to professional fees.

Interest  expense increased to $50,802 in 2002 from  $33,337  in
2001. The increase was primarily attributable to an increase  in
borrowing   from  bank  lines  of  credit  and  other  financing
instruments to help fund the cash flow of the business.

     Net income decreased to $(226,848) in 2002 from $23,812  in
2001.  The decrease was primarily attributable to a decrease  in
our  revenue  as  well as significant increases in  our  selling
general and administrative expenses and commissions paid to  our
outside sales people.

                 Liquidity and Capital Resources

     Prior  to  December  2002, we relied upon  cash  flow  from
operations  and  bank lines of credit, as well as  other  credit
facilities, to fund working capital and capital expenditures. We
expect to meet our cash requirements during the next 12 months.

     Cash  used  for  operating activities  in  the  year  ended
December 31, 2002 was $(227,506), which included $226,848 of net
loss  and $4,002 of a decrease in inventory. Additionally,  cash
proceeds of $370,797 were derived from the collection of related
party   note   receivables  plus  interest.   Significant   cash
requirements  for  2002  included  $102,591  on  notes  payable,
$43,544 on payments due to director, purchase of investments  of
$21,994 and  $14,276 related to a payable to the New York  State
Tax  Authority. These requirements were partially financed  from
the  collection  of the related note receivables plus  interest.
Our  total  capital expenditures for 2002 were  $2,400,  all  of
which was related to the purchase of office equipment.

     Cash  used  for  operating activities  in  the  year  ended
December  31,  2001 was $80,755, which included $23,812  of  net
income   and   $15,230   of   non-cash   depreciation   charges.
Additionally,  cash proceeds of $44,019 were  derived  from  the
partial  collection  of  a related party  note  receivable  plus
interest.  Significant  cash  requirements  for  2001   included
$37,179  related  to  a  payable  to  the  New  York  State  Tax
Authority. These requirements were partially financed by $35,671
of  net borrowing under notes payable, long-term obligations and
obligations with affiliates. Our total capital expenditures  for
2001  were $11,240, all of which was related to the purchase  of
computer equipment and computer software.

     As  of  December  2002, we have a bank line  of  credit  of
$100,000.  We  believe that the funds generated from  operations
will  be sufficient to fund our current operations for the  next
12  months.  We do not foresee any material capital expenditures
during  the  next  twelve months. As of December  2002,  we  had
$24,521 in cash and $450,548 in accounts receivables that  could
be  used  in  connection  with funding  our  operations.  As  of
December  2002,  approximately 90% of our  operating  needs  are
funded from accounts receivables. Consistently over the past few
years,  our  accounts  receivable  turnover  rate  has  averaged
approximately 44 days. This rapid turnover rate results from our
payment  terms  with  customers as well  as  our  customer  base
itself,  which  is  mostly comprised of large U.S.  corporations
that have a history of timely bill payment.


<PAGE>    18


     If   we   need  to  obtain  capital  to  fund  our  current
operations, no assurance can be given that we will  be  able  to
obtain  this capital on acceptable terms, if at all. In such  an
event,  this  may  have  a  materially  adverse  effect  on  our
business, operating results and financial condition. If the need
arises,  we  may attempt to obtain funding through  the  use  of
various  types  of short term funding, loans or working  capital
financing arrangements from banks or financial institutions.

     As  we generally obtain all of our funding from operations,
a decrease in revenue could negatively impact our short and long-
term  liquidity.  Various  economic  conditions,  the  loss   of
customers  and  the  loss  of  a  salesperson  could  result  in
decreased  sales of our products. A decrease in sales  in  paper
products and paper related services could have a material impact
on  our  revenue and net income and would affect  our  long  and
short-term liquidity.

     Our  material  funding requirements include lease  payments
for  our office facilities for the year of approximately $74,868
in 2003 and $76,965 in 2004.

     The  Company is in the process of evaluating various  types
of  funding  for unforeseen working capital needs and  potential
future    acquisitions.   We   anticipate   significant   future
acquisition  funding, to the extent required,  will  necessitate
obtaining additional debt and/or equity capital resources, which
may  not be available. In the event the Company elects to  raise
additional  capital,  it expects to do so  through  the  private
placement  of restricted equity or debt securities  rather  than
through a public offering.

                 Significant Accounting Policies

     Our  financial statements have been prepared in  accordance
with  accounting  principles generally accepted  in  the  United
States  of  America. As such, some accounting  policies  have  a
significant  impact  on  amounts  reported  in  these  financial
statements.  A summary of those significant accounting  policies
can be found in Note 1 to the Financial Statements.

       Significant Trends, Developments and Uncertainties

     Over   the  years,  we  have  seen  continued  growth   and
development  of  competitors in all segments  of  our  business.
Industry  consolidation is a continuous trend that has  enhanced
this  growth  and  development. This competition  is  likely  to
result  in  increased competitive pressures on pricing,  product
selection  and services provided. Many competitors  price  these
offerings  lower  than  we  do,  and  have  shown  an  increased
indication of expanding their product offerings.

                   Inflation and Seasonality

     Although  we  cannot  determine  the  precise  effects   of
inflation  on  our business, we do not believe inflation  has  a
material  impact on our sales or the results of our  operations.
We  consider  our business to be somewhat seasonal,  with  sales
slightly  higher  during the first and fourth quarters  of  each
year.  Our sales tend to be slightly higher during those periods
because   many  of  our  customers'  office  supply   purchasing
departments  work  on  calendar year  budgets.  Year-end  budget
surpluses tend to cause customers to spend the surpluses  before
year-  end,  while  year-end budget  shortfalls  tend  to  force
customers to delay purchases until the beginning of the New Year
after the budgets are replenished.


<PAGE>    19


Item 7.  Financial Statements.

      Our  Financial Statements of are attached  as  Appendix  A
(following  Exhibits) and included as part of this  Form  10-KSB
Report.   A  list  of our Financial Statements  is  provided  in
response to Item 13 of this Form 10-KSB Report.

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.

      Our current directors and executive officers are as follows:

<TABLE>
<CAPTION>
Name                     Age    Position                Term/Period Served
----                     ---    --------                ------------------
<S>                      <C>    <C>                     <C>

Jeffrey I. Green         39     Director, President,    1 yr./Since 1/2000
                                Treasurer, Secretary

Phyllis Green            65     Director, Executive     1 yr./Since 8/2000
                                Administrator


Matthew Henninger        36     Director                1 yr./Since 5/2002
</TABLE>


      Our current significant employees who are not officers or
directors are as follows:

<TABLE>
<CAPTION>
Name                     Age        Position
----                     ---        --------
<S>                      <C>        <C>

Joel Green               67         Assistant to the President,
                                    Salesperson
-----------------
</TABLE>

     Jeffrey I. Green has served as a Director and President  of
our  Company since January 2000. He also serves as the Company's
Treasurer and Secretary. Between 1985 and 1993, Mr. Green served
as  an officer and director of the Company, and between 1993 and
1999  he served as its General Manager. Jeffrey Green is Phyllis
and Joel Green's son.

     Phyllis Green has served as a Director of our Company since
August 2000, and as Executive Administrator of the Company since
January  1,  1994. Mrs. Green has been working in  the  printing
industry  since 1959, and co-founded Print Data Corp.  in  1984.
Mrs.  Green  served  as  the President  and  a director of Print


<PAGE>    20


Data Corp. from  January 1, 1994  to  April 1, 2000.  Mrs. Green
presently serves   as   Executive Administrator  of  Print  Data
Corp., which is a  part  time position.  Mrs. Green again became
a  director  of  Print  Data  in February 2001. Phyllis Green is
Jeffrey Green's mother and Joel Green's wife.

     Matthew  T.  Henninger  has served as  a  Director  of  our
Company  since May 2002, and as a strategic financial consultant
to  our Company since February 2002. Mr. Henninger's career  has
spanned   the  fields  of  corporate  operations,  finance   and
strategy.   He  has  completed  many  successful   mergers   and
acquisitions   as   both  a  merchant  and  investment   banker.
Furthermore, he has effectively arranged financing for  a  range
of  public and private companies. In 1986, Mr. Henninger founded
1st  International  Capital  Group,  a  commercial  real  estate
financing  firm,  which grew into a boutique investment  banking
firm, called Henninger Gold Kokozka, where from 1986 to 1991  he
helped  small  businesses  raise  venture  capital  and  advised
companies  on  mergers and acquisitions. In 1993, Mr.  Henninger
founded  Logan & Fisher, a boutique merchant banking  firm  that
specialized  in corporate finance and mergers and  acquisitions,
where from 1993 to 1996, Mr. Henninger worked with clients in  a
range  of  industries, including transportation, bioremediation,
health    care    services,   software    development,    custom
manufacturing,  environmental  engineering,  chemical  refining,
specialty  equipment  manufacturing,  construction,   and   real
estate.  As  a  manager  outside of  the  finance  industry,  he
directed  the successful turnaround and sale of two  acquisition
targets  in  the  competitive candle and aroma  industries.  The
first,  from  1997 to 1999, was Ceres San Francisco,  a  leading
manufacturer of specialty candles, and the second, from 2000  to
2001,  was  The Aromatherapy of Rome, a leading manufacturer  of
aromatherapy products.

     Joel  Green  has served as the Assistant to the  President,
and  as  a Salesperson of our Company since 1984. Mr. Green  has
been working in the printing industry since 1954, and co-founded
Print  Data Corp. in 1984. Joel Green is Jeffrey Green's  father
and Phyllis Green's Husband.

     Each Director of the Company holds such position until  the
next  annual meeting of shareholders and until his successor  is
duly elected and qualified.  The officers hold office until  the
first  meeting  of the Board of Directors following  the  annual
meeting  of  shareholders and until their successors are  chosen
and  qualified,  subject  to  early  removal  by  the  Board  of
Directors.

     Section 16(a) Beneficial Ownership Reporting Compliance.

     To  the  best of our knowledge, no officer, director and/or
beneficial owner of more than 10% of our common stock, failed to
file  reports  as required by Section 16(a) of the Exchange  Act
during the period covered by this report.


<PAGE>    21



Item 10.  Executive Compensation.

                     Executive Compensation
                     ----------------------
<TABLE>
<CAPTION>

                                                                                Long Term Compensation
                                                                      -----------------------------------------
                               Annual Compensation                           Awards                    Payouts
---------------------------------------------------------------------------------------------------  ----------
  (a)                   (b)      (c)        (d)          (e)              (f)            (g)            (h)
                                                                       Restricted     Securities
Name &                                               Other Annual       Stock         Underlying/      LTIP         All Other
Position               Year   Salary($)   Bonus($)  Compensation($)   Award(s)($)   Options/SARs(#)  Payouts($)   Compensation($)
<S>                    <C>    <C>         <C>       <C>               <C>           <C>              <C>          <C>
---------------------------------------------------------------------------------------------------------------------------------
Jeffrey I. Green.
Director, President    2002   306,000      -0-           -0-            -0-               -0-           -0-             -0-

---------------------------------------------------------------------------------------------------------------------------------
Phyllis Green.
Director, Executive
  Administrator
(part time position)   2002   180,400      -0-           -0-            -0-               -0-           -0-             -0-
---------------------------------------------------------------------------------------------------------------------------------

</TABLE>


                    Compensation of Directors

During  fiscal  year 2002, no officer or director  received  any
type of compensation from the Company for serving as such.

Presently, our directors, including those who serve as  officers
of  the Company, are not compensated for serving as such,  other
than  reimbursement  for  out  of pocket  expenses  incurred  in
attending director meetings.

We  have no stock option, retirement, pension, or profit-sharing
programs  for  the  benefit  of  directors,  officers  or  other
employees, but our board of directors may recommend the adoption
of one or more such programs in the future.

Item 11. Security Ownership of Certain Beneficial Owners and
         Management and Related Stockholder Matters.

     Security Ownership of Certain Beneficial Owners

     The  following table sets forth, as of the date hereof, the
names, addresses, amount and nature of beneficial ownership  and
percent of such ownership of each person or group known  to  the
Company  to  be the beneficial owner of more than  five  percent
(5%) of our Common Stock:



<PAGE>    22

<TABLE>
<CAPTION>
Name and Address                   Amount and Nature
of Beneficial Owner              of Beneficial Ownership      Percent of Class
-------------------              -----------------------      ----------------
<S>                              <C>                          <C>

Jeffrey I. Green                      1,193,089 (D)                 47.08%
c/o Print Data Corp.
P.O. Box 349
Perth Amboy, New Jersey 08862

Phyllis Green                         1,000,074 (D)                 39.47%
c/o Print Data Corp.
P.O. Box 349
Perth Amboy, New Jersey 08862

</TABLE>

                Security Ownership of Management

The following table sets forth, as of the date hereof, the
names, addresses, amount and nature of beneficial ownership and
percent of such ownership of our Common Stock of each of our
officers and directors, and officers and directors as a group:


<TABLE>
<CAPTION>
Name and Address                   Amount and Nature
of Beneficial Owner              of Beneficial Ownership      Percent of Class
-------------------              -----------------------      ----------------
<S>                              <C>                          <C>

Jeffrey I. Green                      1,193,089 (D)                 47.08%
Director, President
c/o Print Data Corp.
P.O. Box 349
Perth Amboy, New Jersey 08862

Phyllis Green                         1,000,074 (D)                 39.47%
Director, Executive
Administrator
c/o Print Data Corp.
P.O. Box 349
Perth Amboy, New Jersey 08862

Matthew Henninger                         -0-                         --
Director
c/o Print Data Corp.
P.O. Box 349
Perth Amboy, New Jersey 08862

All Officers and Directors            2,193,163                     86.55%
as a Group ( 3 persons).
________________________
</TABLE>


Our Company currently has no securities authorized for issuance
under any equity compensation plans.


<PAGE>    23


Item 12.  Certain Relationships and Related Transactions.

     On  June  30, 2000, our Company entered into an  unsecured,
long-term  note receivable  with each of Jeffrey I.  Green  and
Joel  Green  in the amounts $273,530, and $60,000, respectively.
The notes were for a ten-year period, due June 30, 2010, payable
in  semi-annual installments commencing December 31,  2000  with
interest  at  7.75%  per annum. On July 24,  2002,  our  Company
received full payment of the total outstanding balance  for  the
notes from each of Jeffrey I. Green and Joel Green.

     Also,  on  June  30,  2000,  our Company  entered  into  an
unsecured, long term note receivable with William Doehler in the
amount  of  $331,382. Mr. Doehler is a former  employee  of  the
Company,  and is Jeffrey I. Green's brother-in-law  and  Phyllis
and Joel Green's son-in- law, The note is for a ten year period,
due   June   30,   2010,  payable  in  semi-annual  installments
commencing  December 31, 2000 with interest at 7.75% per  annum.
Also,  at  that time, our Company entered into a ten- year  non-
compete agreement with William Doehler whereby Mr. Doehler  will
be  paid  $23,000  semi-annually for a total  of  $460,000.  The
agreement  ends  on  June  30,  2010.  The  Company's  board  of
directors,  which  was  comprised solely of  Jeffrey  I.  Green,
approved  all of the June 30, 2000 transactions. At  that  time,
the  Company  was a closely held family company, and  Mr.  Green
deemed  the transactions to be fair to the Company. The interest
rates  in these transactions reflected prevailing interest rates
at that time for that particular type of transaction.

     On July 24, 2002 each of Jeffrey I. Green and Phyllis Green
entered   into   an   unsecured,  short-term  convertible   note
receivable  with  the Company, each in the  amount  $3,250.  The
notes  were  for  a period of 18 months, due January  24,  2004,
payable  on January 24, 2004 with interest at 8% per  annum.  On
October  16, 2002, we issued 882,664 shares of Common  Stock  to
each  of  Jeffrey I. Green and Phyllis Green in connection  with
the  conversion of these note receivables. Pursuant to the terms
of the notes, each note was convertible into our Common Stock at
a  conversion price equal to a 25% discount to the last  closing
bid  price of our Common Stock as quoted on the over-the-counter
market  as  reported by the National Association  of  Securities
Dealers,  Inc.  Over-the-counter Bulletin Board or  any  similar
successor organization or the Pink Sheets. On October 16,  2002,
the conversion date, the closing bid price as quoted on the Pink
Sheets was equal to $0.005 per share, which means the conversion
price per share was equal to $0.00375 per share. The outstanding
principal owed on each promissory note was equal to $3,250,  and
the unpaid accrued interest on each promissory note was equal to
$59.99,  all  of  which totaled $3,309.99 in the aggregate,  and
equated  to  882,664  shares  for  each  promissory  note.   The
Company's  board  of  directors,  which  was  comprised  of  two
interested directors and one disinterested director, unanimously
approved all of the July 24, 2000 transactions. The entire board
of  directors deemed the terms of the transactions to be fair to
the  Company. The interest rates in these transactions reflected
prevailing interest rates at that time for similar transactions.
The  board of directors has no formal rules in place for  voting
on  interested  party  transactions, other  than  the  statutory
requirements   contained  within  the  Delaware  Corporate   Law
relating  to  fairness  in related party transactions,  and  the
board  deemed themselves to have complied with those  applicable
statutory requirements.


<PAGE>   24


Item 13.  Exhibits and Reports on Form 8-K.

INDEX TO EXHIBITS.

<TABLE>
<CAPTION>
Exhibit No.     Description of Exhibit                    Sequential Page No.
-----------     ----------------------                    -------------------
<S>             <C>                                       <C>
(2)             Charter and Bylaws.

        2.1     Certificate of Incorporation.                       *


        2.2     Bylaws.                                             *

(3)             Instruments defining the rights of
                security holders.

        3.1     Certificate of Incorporation.                       *
        3.2     Bylaws.                                             *

(10)            Material Contracts.

        10.1    William Doehler Non-Compete Agreement               *
        10.2    William Doehler Note Receivable                     *

(99)            Additional Exhibits.

        99.1    Certification of President and Treasurer.
</TABLE>

*    Incorporated by reference to Registrant's Form 10-SB filed
     December 30, 2002.

     (b)  Reports on Form 8-K.

       We filed no reports on Form 8-K during the last quarter
of the year ended December 31, 2002.

Item 14.  Controls and Procedures.

      Our  president  and  treasurer,  Jeffrey  I.  Green,   has
evaluated the effectiveness of our Company's disclosure controls
and  procedures (as such term is defined in Rules 13a-14(c)  and
15d-14(c)  under  the  Exchange Act) as of  an  evaluation  date
within  90 days prior to the filing date of this Report on  Form
10-KSB. Based on this evaluation, he has concluded that,  as  of
the  evaluation  date,  our Company's  disclosure  controls  and
procedures  are effective in alerting him on a timely  basis  to
material  information  relating to our Company  required  to  be
included  in  its reports filed or submitted under the  Exchange
Act.

     Additionally,  since the evaluation date  described  above,
there have been no significant changes in our Company's internal
controls  or  in  other factors that could significantly  affect
such controls.


<PAGE>    25


                           Appendix A
                      Financial Statements.

       The following Audited Financial Statements are filed as
part of this Form 10-KSB Report:


                            CONTENTS
                            --------

PAGE  F-1           INDEPENDENT AUDITORS' REPORT

PAGE  F-2           BALANCE SHEETS AS OF DECEMBER 31, 2002 AND 2001

PAGE  F-3           STATEMENTS OF OPERATIONS FOR THE YEARS ENDED
                    DECEMBER 31, 2002 AND 2001

PAGE  F-4           STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIENCY
                    FOR THE YEARS ENDED DECEMBER 31, 2002 AND 2001

PAGE  F-5           STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED
                    DECEMBER 31, 2002 AND 2001

PAGES F-6 - F-18    NOTES TO FINANCIAL STATEMENTS


                           SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the
Company caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized:

                               PRINT DATA CORP.



Date: March 28, 2003           By:___/S/Jeffrey I. Green___________
                                  Jeffrey I. Green,
                                  President



     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.


Date: March 28, 2003           By:___/S/Jeffrey I. Green___________
                                  Jeffrey I. Green,
                                  President


<PAGE>    26













                     PRINT DATA CORPORATION
                      FINANCIAL STATEMENTS
                AS OF DECEMBER 31, 2002 AND 2001







<PAGE>

                     PRINT DATA CORPORATION



                            CONTENTS
                            --------

PAGE F-1        INDEPENDENT AUDITORS' REPORT

PAGE F-2        BALANCE SHEETS AS OF DECEMBER 31, 2002 AND 2001

PAGE F-3        STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31,
                2002 AND 2001

PAGE F-4        STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIENCY FOR THE
                YEARS ENDED DECEMBER 31, 2002 AND 2001

PAGE F-5        STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31,
                2002 AND 2001

PAGES F-6 - 18  NOTES TO FINANCIAL STATEMENTS


<PAGE>



                  INDEPENDENT AUDITORS' REPORT

To the Board of Directors of:
 Print Data Corporation


We  have  audited the accompanying balance sheets of  Print  Data
Corporation  as  of December 31, 2002 and 2001  and  the  related
statements of operations, changes in stockholders' deficiency and
cash  flows for the years then ended.  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.   These
standards  require that we plan and perform the audits 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 financial  position
of  Print  Data Corporation as of December 31, 2002 and 2001  and
the  results of its operations and its cash flows for  the  years
then  ended  in  conformity with accounting principles  generally
accepted in the United States of America.

The accompanying financial statements have been prepared assuming
that  the Company will continue as a going concern.  As discussed
in  Note  14 to the financial statements, the Company has  a  net
loss  of  $226,848,  a cash flow deficiency  from  operations  of
$227,506,  a  working  capital  deficiency  of  $367,838  and   a
stockholders' deficiency of $247,218 at December 31, 2002.  These
conditions raise substantial doubt about its ability to  continue
as  a  going  concern.   Management's plan in  regards  to  these
matters  is  also described in Note 14.  The financial statements
do not include any adjustments that might result from the outcome
of this uncertainty.



WEINBERG & COMPANY, P.A.

  /s/Weinberg & Company, P.A.

Boca Raton, Florida
March 19, 2003


<PAGE>    F-1

                         PRINT DATA CORPORATION
                             BALANCE SHEETS
                             --------------

<TABLE>
<CAPTION>
                    ASSETS
                    ------                             December 31,    December 31,
                                                           2002            2001
                                                       ------------    ------------
<S>                                                    <C>             <C>
CURRENT ASSETS
Cash                                                   $     24,521    $      4,465
Accounts receivable                                         450,548         629,706
Inventory                                                    32,111          28,109
Investment                                                   21,994            -

Notes receivable and accrued interest, related
  parties - current portion                                  27,796         346,684
Prepaid expenses and other current assets                    36,071          13,085
                                                       ------------    ------------
Total Current Assets                                        593,041       1,022,049
                                                       ------------    ------------

PROPERTY & EQUIPMENT - NET                                   27,472          38,348
                                                       ------------    ------------

OTHER ASSETS
Notes receivable and accrued interest, related
  parties - long term portion                               242,678         294,587
Deposits                                                      6,167           5,417
                                                       ------------    ------------
   Total Other Assets                                       248,845         300,004
                                                       ------------    ------------

TOTAL ASSETS                                           $    869,358    $  1,360,401
                                                       ============    ============

   LIABILITIES AND STOCKHOLDERS' DEFICIENCY
   ----------------------------------------

CURRENT LIABILITIES
Notes payable and accrued interest - current           $    105,512    $     86,736
Capital leases payable - current                               -                329
Accounts payable and accrued expenses                       778,714         765,095
Sales tax payable - current                                  75,476          54,835
Due to director                                               1,177          44,721
                                                       ------------    ------------
   Total Current Liabilities                                960,879         951,716
                                                       ------------    ------------

LONG TERM LIABILITIES
Deferred vendor payable                                      92,969         274,269
Sales tax payable - long term portion                        62,728          97,645
Notes payable and accrued interest-long
  term portion                                                 -             65,968
                                                       ------------    ------------
Total Long Term Liabilities                                 155,697         437,882
                                                       ------------    ------------

TOTAL LIABILITIES                                         1,116,576       1,389,598
                                                       ------------    ------------

STOCKHOLDERS' DEFICIENCY
Series A Preferred stock, $.001 par value,
  20,000,000 shares authorized, 0 and 11,380
  shares issued and outstanding at December 31,
  2002 and 2001, respectively                                  -                 11
Common stock, $ .001 par value, 50,000,000 shares
  authorized, 2,533,936 and 711,708 shares issued
  and outstanding at December 31, 2002 and 2001,
  respectively                                                2,534             712
Additional paid in capital                                4,594,970       4,587,954
Accumulated deficit                                      (4,844,722)     (4,617,874)
                                                       ------------    ------------
   Total Stockholders' Deficiency                          (247,218)        (29,197)
                                                       ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY         $    869,358    $  1,360,401
                                                       ============    ============
</TABLE>


                  See accompanying notes to financial statements.


                                      F-2

<PAGE>


                         PRINT DATA CORPORATION
                        STATEMENTS OF OPERATIONS
                        ------------------------
<TABLE>
<CAPTION>

                                                       For the Year    For the Year
                                                          Ended           Ended
                                                       December 31,    December 31,
                                                           2002            2001
                                                       ------------    ------------
<S>                                                    <C>             <C>

REVENUE                                                $  4,409,106    $  4,587,243

COST OF GOODS                                             2,675,087       2,861,272
                                                       ------------    ------------

GROSS PROFIT                                              1,734,019       1,725,971
                                                       ------------    ------------

OPERATING EXPENSES
Salaries and payroll taxes                                  772,724         810,662
Commissions                                                 508,886         323,422
Professional fees                                           143,230         196,583
Other selling, general and administrative                   400,225         227,988
Insurance                                                   102,129          90,540
Depreciation and amortization                                16,943          15,230
                                                       ------------    ------------
   Total Operating Expenses                               1,944,137       1,664,425
                                                       ------------    ------------

(LOSS) INCOME FROM OPERATIONS                              (210,118)         61,546
                                                       ------------    ------------

OTHER (EXPENSE) INCOME
Interest and other income                                    34,072          44,573
Interest expense                                            (50,802)        (33,337)
Other expense                                                  -            (40,000)
                                                       ------------    ------------
Total Other Income (Expense)                                (16,730)        (28,764)
                                                       ------------    ------------

(LOSS) INCOME BEFORE INCOME TAXES                          (226,848)         32,782
Income tax (expense) benefit                                   -             (8,970)
                                                       ------------    ------------
NET (LOSS) INCOME                                      $   (226,848)         23,812
                                                       ============    ============

Net (loss) income per common share:
 Basic                                                 $       (.21)   $        .04
                                                       ============    ============
 Diluted                                               $       (.21)   $        .04
                                                       ============    ============

Weighted average number of common shares
  outstanding during the period
    Basic                                                 1,091,910         560,199
                                                       ============    ============
    Diluted                                               1,091,910         585,985
                                                       ============    ============
</TABLE>


                  See accompanying notes to financial statements.


                                      F-3

<PAGE>


                         PRINT DATA CORPORATION
            STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIENCY
             FOR THE YEARS ENDED DECEMBER 31, 2002 AND 2001
             ----------------------------------------------
<TABLE>
<CAPTION>
                                                                              Additional
                                     Preferred Stock      Common Stock         Paid In      Accumulated
                                    Shares    Amount     Shares     Amount     Capital        Deficit         Total
                                    ------    ------    ---------   ------    ----------    -----------    -----------
<S>                                 <C>       <C>       <C>         <C>       <C>           <C>            <C>

Balance December 31, 2000            1,285    $    1      375,000   $  375    $   24,624    $   (87,972)   $   (62,972)

Recapitalization of the Company       -          -         90,931       91     4,553,623     (4,553,714)         -

Preferred stock issued at par for
  services and additional
  compensation                      10,095        10         -         -           5,037           -             5,047

Common stock issued at par for
  services                            -          -        245,777      246         4,670           -             4,916

Net Income 2001                       -          -           -         -            -            23,812         23,812
                                    ------    ------    ---------   ------    ----------    -----------    -----------

Balance, December 31, 2001          11,380        11      711,708      712     4,587,954     (4,617,874)       (29,197)

Conversion of Preferred stock
  to Common stock                  (11,380)      (11)      56,900       57           (46)          -              -

Common stock issued for
  extinguishment of debt              -          -      1,765,328    1,765         7,062           -             8,827

Net Loss 2002                         -          -           -         -            -          (226,848)      (226,848)
                                    ------    ------    ---------   ------    ----------    -----------    -----------

BALANCE, DECEMBER 31, 2002            -       $  -      2,533,936   $2,534    $4,594,970    $(4,844,722)   $  (247,218)
                                    ======    ======    =========   ======    ==========    ===========    ===========
</TABLE>



                  See accompanying notes to financial statements.


                                      F-4

<PAGE>


                            PRINT DATA CORPORATION
                           STATEMENTS OF CASH FLOWS
                           ------------------------

<TABLE>
<CAPTION>

                                                       For the Year    For the Year
                                                          Ended           Ended
                                                       December 31,    December 31,
                                                           2002            2001
                                                       ------------    ------------
<S>                                                    <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income                                      $   (226,848)   $     23,812
Adjustments to reconcile net (loss) income to
  net cash used in operating activities:
    Depreciation and amortization                            16,943          15,230
    Deferred income taxes                                      -              8,970
    Issuance of stock for services                             -              9,963
  Changes in operating assets and liabilities:
    (Increase) decrease in:
    Accounts receivable                                     179,158        (109,491)
    Inventory                                                (4,002)        (15,454)
    Accrued interest receivable                                -            (44,457)
    Prepaid expense and other current assets                (26,653)         (8,541)
    Rental security                                            (750)           -
  Increase (decrease) in:
    Accounts payable and accrued expenses                  (165,354)         39,213
                                                       ------------    ------------
       Net Cash Used In Operating Activities               (227,506)        (80,755)
                                                       ------------    ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment                           (2,400)        (11,240)
Purchase of investment                                      (21,994)           -
Proceeds from note receivable                               370,797          44,019
                                                       ------------    ------------
       Net Cash Provided By Investing Activities            346,403          32,779
                                                       ------------    ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable                                  55,399          47,218
Proceeds from stockholder loans                               6,500            -
Payments on notes payable                                  (102,591)        (41,806)
Payments on capital leases payable                             (329)           (980)
Proceeds from director                                         -             40,000
Payments on due to director                                 (43,544)         (9,741)
Payments on sales tax liability                             (14,276)        (37,179)
                                                       ------------    ------------
       Net Cash Used In Financing Activities                (98,841)         (2,488)
                                                       ------------    ------------

NET INCREASE (DECREASE) IN CASH                              20,056         (50,464)

CASH - BEGINNING OF YEAR                                      4,465          54,929
                                                       ------------    ------------

CASH - END OF YEAR                                     $     24,521    $      4,465
                                                       ============    ============
------------------

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
------------------------------------------------

Cash paid for interest                                 $     48,485     $    44,956
                                                       ============    ============
Cash paid for taxes                                    $        200     $       200
                                                       ============    ============

NON-CASH INVESTING AND FINANCING ACTIVITIES:
-------------------------------------------

The Company extinguished loans and accrued interest
due to two stockholders aggregating $8,827 with the
issuance of common stock which resulted in no gain
or loss on extinguishment.

</TABLE>



             See accompanying notes to financial statements.


                                   F-5

<PAGE>

                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        ------------------------------------------

   (A) Organization
   ----------------

   Print  Data  Corporation was incorporated under  the  laws  of
   Delaware  on  August  4,  1984.   The  Company  serves  as   a
   distributor  of  information  supplies  such  as:   preprinted
   business  forms, data management supplies, and  various  other
   paper  products  and supplies, used in a computer  and  office
   environment.

   On  August  13, 2001, Odyssey Capital Group, Ltd. ("Odyssey"),
   a   Nevada   corporation   and  non-reporting   public   shell
   corporation,  entered into a merger agreement to  acquire  all
   the  outstanding stock of Print Data Corporation, as a result,
   the  reorganization  was treated as a reverse  merger  by  the
   acquiree  and  as  a  recapitalization  by  the  acquirer  for
   accounting  purposes.   Concurrent  with  the  reorganization,
   Odyssey  Capital Group, Ltd. changed its name  to  Print  Data
   Corporation  (the  "Company") and adopted the  same  year-end.
   The  original Print Data Corporation was dissolved and  ceased
   to exist as of the date of the reverse merger.

   In  connection with the reorganization, the Articles of Merger
   were  filed  in  September 2001 with the Nevada Department  of
   State,  however due to an oversight, the Certificate of Merger
   was  not  filed until August 2002 with the Delaware Department
   of  State.   Odyssey's  Nevada  certificate  of  incorporation
   remained   as  the  surviving  corporation's  certificate   of
   incorporation.   At  the  time  of  the  merger   transaction,
   Odyssey  was  a  shell  corporation  conducting  virtually  no
   business  operations, other than its efforts  to  seek  merger
   partners  or acquisition candidates.  Odyssey's capitalization
   consisted  of  90,931 shares of common stock and no  preferred
   stock  issued  and outstanding.  Shareholders of the  original
   Print  Data  Corporation received 375,000 shares of  Odyssey's
   common  stock  and 1,285 shares of Odyssey's  preferred  stock
   (convertible  into  6,425  shares of  common  stock)  for  all
   issued  and  outstanding  stock of  the  original  Print  Data
   Corporation.   In  addition, 1,580 shares of  preferred  stock
   (convertible  into 7,900 shares of common stock)  were  issued
   to  certain  advisors and consultants as part of the  plan  of
   merger.

   Accordingly, the financial statements include the following:

   (1)  The balance sheets consist of the net assets of the acquirer
        at  historical cost and the net assets of the acquiree at
        historical cost as of December 31, 2002 and 2001.

   (2)  The statements of operations include the operations of the
        acquiree for the periods presented.

   Pursuant  to the merger, all capital stock shares and  amounts
   and  per  share data were retroactively restated (See Note  11
   for  subsequent  restatement of capital stock  shares  due  to
   reverse stock splits).



                                    F-6

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------


   (B) Use of Estimates
   --------------------

   The  accompanying financial statements have been  prepared  in
   accordance  with accounting principles generally  accepted  in
   the  United  States of America.  The preparation of  financial
   statements in accordance with accounting principles  generally
   accepted  in the United States of America 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 the reported amounts of revenue  and
   expenses  during the reporting period.  Actual  results  could
   differ from those estimates.

   (C) Inventory
   -------------

   Inventories,  which  consist  primarily  of  computer   paper,
   envelopes  and  office supplies, are stated at  the  lower  of
   weighted  average cost or market.  The weighted  average  cost
   of  inventories approximates the first-in, first-out  ("FIFO")
   method.    Management   performs   periodic   assessments   to
   determine  the  existence of obsolete,  slow-moving  and  non-
   saleable  inventories  and  records  necessary  provisions  to
   reduce   such  inventories  to  net  realizable   value.    No
   provision   for   obsolete,   slow-moving   and   non-saleable
   inventories  has  been recorded for the years  ended  December
   31, 2002 and 2001.

   (D) Cash
   --------

   For  purposes  of the statements of cash flows, cash  includes
   all funds on deposit at financial institutions.

   (E) Fair Value of Financial Instruments
   ---------------------------------------

   Statement   of   Financial  Accounting  Standards   No.   107,
   "Disclosures   about  Fair  Value  of  Financial  Instruments"
   requires  disclosures of information about the fair  value  of
   certain  financial instruments for which it is practicable  to
   estimate  the  value.   For purposes of this  disclosure,  the
   fair  value of a financial instrument is the amount  at  which
   the  instrument  could be exchanged in a  current  transaction
   between  willing  parties  other than  in  a  forced  sale  or
   liquidation.

   The  carrying  amounts  of the Company's accounts  receivable,
   notes  receivable  and  accrued  interest  thereon,  deposits,
   accounts  payable,  accrued expenses, and  notes  payable  and
   accrued  interest thereon approximates fair value due  to  the
   relatively short period to maturity for these instruments.

   (F) Concentration of Credit Risk
   --------------------------------

   The  Company  maintains  its cash in  bank  deposit  accounts,
   which,  at  times, may exceed federally insured  limits.   The
   Company  has  not experienced any losses in such accounts  and
   believes it is not exposed to any significant credit  risk  on
   cash and cash equivalents.



                                    F-7

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   (G) Long-Lived Assets
   ---------------------

   Long-lived  assets  to  be  held and  used  are  reviewed  for
   impairment   whenever  events  or  changes  in   circumstances
   indicate  that  the carrying amount of an  asset  may  not  be
   recoverable.   If  such review indicates  that  the  asset  is
   impaired,  when  the carrying amount of an asset  exceeds  the
   sum  of  its  expected future cash flows, on  an  undiscounted
   basis,  the  asset's carrying amount is written down  to  fair
   value.   Long-lived assets to be disposed of are  reported  at
   the  lower of carrying amount or fair value less cost to sell.
   The  Company has not recognized any impairment loss during the
   years ended December 31, 2002 and 2001.

   (H) Property and Equipment
   --------------------------

   Property  and  equipment are stated at  cost  and  depreciated
   using  the  straight-line method over the  estimated  economic
   useful  lives  of 3 to 7 years.  Maintenance and  repairs  are
   charged  to  expense  as  incurred.   Major  improvements  are
   capitalized.

   (I) Revenue Recognition
   -----------------------

   Revenue from product sales is recognized when title passes  to
   the  customer,  provided  that:  there  are  no  uncertainties
   regarding  customer  acceptance;  persuasive  evidence  of  an
   arrangement  exists; the sales price is fixed or determinable;
   and  collectability is deemed probable.  The Company  provides
   for  estimated  product returns at the  time  of  the  product
   shipment,  if necessary. In December 1999, the Securities  and
   Exchange  Commission  (SEC) issued Staff  Accounting  Bulletin
   (SAB)  No.  101, Revenue Recognition in Financial  Statements,
   which  establishes  guidance  in applying  generally  accepted
   accounting  principles  to  revenue recognition  in  financial
   statements and is effective beginning with the fourth  quarter
   of   the  year  ended  December  31,  2000.  The  Company  has
   determined  that  its  existing revenue recognition  practices
   comply  with  the  requirements of SAB  101  for  all  periods
   presented.

   The  Company offers, without additional charge, use  of  their
   fully  insured  warehouses  to  its  customers  who  meet  the
   provisions of SAB 101 mentioned above.  The Company  does  not
   bear  the  risk  of loss for products stored in its  warehouse
   for customers.

   (J) Shipping and Handling
   -------------------------

   Shipping  and  handling revenues and costs  for  fiscal  years
   2002  and  2001,  respectively, are included in  Revenues  and
   Cost of Goods in the accompanying statements of operations.

   (K) Income Taxes
   ----------------

   The  Company  accounts for income taxes  under  the  Financial
   Accounting  Standards Board Statement of Financial  Accounting
   Standards  No.  109 "Accounting for Income Taxes"  ("Statement



                                    F-8

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------


   109").    Under  Statement  109,  deferred  tax   assets   and
   liabilities  are  recognized for the future  tax  consequences
   attributable  to  differences between the financial  statement
   carrying amounts of existing assets and liabilities and  their
   respective  tax  bases.  Deferred tax assets  and  liabilities
   are  measured  using enacted tax rates expected  to  apply  to
   taxable   income  in  the  years  in  which  those   temporary
   differences  are expected to be recovered or  settled.   Under
   Statement   109,  the  effect  on  deferred  tax  assets   and
   liabilities of a change in tax rates is recognized  in  income
   in  the  period  that includes the enactment date.   Valuation
   allowances  are established when necessary to reduce  deferred
   tax  assets  to the amount expected to be realized  (See  Note
   10).

   (L) Advertising Costs
   ---------------------

   In   accordance   with  the  Accounting  Standards   Executive
   Committee  Statement  of  Position 93-7  ("SOP  93-7"),  costs
   incurred  for producing and communicating advertising  of  the
   Company  are  charged to operations and is  reflected  in  the
   selling,  general  and  administrative  amount.   The  Company
   incurred advertising expenses of $11,237 and $15,341  for  the
   years  ended December 31, 2002 and 2001, respectively, and  is
   included   in   other  selling,  general  and   administrative
   expenses.

   (M) Business Segments
   ---------------------

   The   Company   applies  Statement  of  Financial   Accounting
   Standards   No.   131  "Disclosures  about  Segments   of   an
   Enterprise and Related Information".  The Company operates  in
   one   segment  and  therefore  segment  information   is   not
   presented.

   (N) Net Income (Loss) Per Common Share
   --------------------------------------

   SFAS   128   "Earnings  Per  Share"  ("EPS")  simplifies   the
   methodology  of computing earnings per share and requires  the
   presentation  of basic and diluted earnings per share.   Basic
   EPS  is  computed  as  net  earnings  (loss)  divided  by  the
   weighted-average number of common shares outstanding  for  the
   period.  The weighted average shares outstanding for the  year
   ended  December 31, 2002 and 2001 have been restated  for  the
   reverse  stock splits that occurred in 2002.  Diluted EPS  for
   the  year  ended  December  31, 2001  reflects  the  potential
   dilution that would occur from common shares issuable  through
   the  conversion  of  preferred stock  (post-split)  to  common
   stock at a ratio of 1 to 5, respectively.

   The  table  below  summarizes the amounts  used  to  calculate
   basic and dilutive earnings per share:

<TABLE>
<CAPTION>
                                                               2002            2001
                                                            ----------     -----------
<S>                                                         <C>            <C>

    Basic weighted average number of shares outstanding      1,091,910         560,199
    Effect of convertible preferred stock                         -             25,786
                                                            ----------     -----------
    Diluted shares outstanding                               1,091,910         585,985
                                                            ==========     ===========
</TABLE>





                                    F-9

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   The  Company's  2002 basic and diluted share amounts  are  the
   same,  since the Company's preferred stock was converted  into
   common stock during 2002 (See Note 11(A)).

   (O) Recent Accounting Pronouncements
   ------------------------------------

   In  July 2001, the FASB issued SFAS 143, Accounting for  Asset
   Retirement  Obligations.  This statement  addresses  financial
   accounting and reporting for obligations associated  with  the
   retirement  of  tangible long-lived assets and the  associated
   asset  retirement  costs.   This  Statement  applies  to   all
   entities.   It  applies to legal obligations  associated  with
   the  retirement  of  long-lived assets that  result  from  the
   acquisition,  construction, development and  (or)  the  normal
   operation   of   a  long-lived  asset,  except   for   certain
   obligations  of  lessees.   This Statement  is  effective  for
   financial  statements issued for fiscal years beginning  after
   June 15, 2002.

   In  August 2001, the FASB issued SFAS 144, Accounting for  the
   Impairment  or Disposal of Long-Lived Assets.  This  statement
   addresses   financial  accounting  and   reporting   for   the
   impairment  or  disposal of long-lived assets  and  supercedes
   FASB Statement No. 121, Accounting for the Impairment of Long-
   Lived  Assets  and for Long-Lived Assets to  be  Disposed  of.
   The  provisions of this statement are effective for  financial
   statements  issued for fiscal years beginning  after  December
   15, 2001.

   In  April 2002, the FASB issued SFAS 145, Rescission  of  FASB
   Statements No. 4, 44, and 64, Amendment of FASB Statement  No.
   13,   and  Technical  Corrections.   SFAS  145  rescinds   the
   provisions  of SFAS No. 4 that requires companies to  classify
   certain   gains  and  losses  from  debt  extinguishments   as
   extraordinary items, eliminates the provisions of SFAS No.  44
   regarding  transition to the Motor Carrier  Act  of  1980  and
   amends  the provisions of SFAS No. 13 to require that  certain
   lease    modifications   be   treated   as   sale    leaseback
   transactions.    The  provisions  of  SFAS  145   related   to
   classification  of  debt  extinguishments  are  effective  for
   fiscal   years   beginning  after  May  15,   2002.    Earlier
   application is encouraged.

   In  July  2002, the FASB issued SFAS No. 146, "Accounting  for
   Restructuring  Costs."  SFAS 146 applies to  costs  associated
   with  an  exit activity (including restructuring)  or  with  a
   disposal  of long-lived assets.  Those activities can  include
   eliminating  or reducing product lines, terminating  employees
   and  contracts  and relocating plant facilities or  personnel.
   Under  SFAS  146,  the Company will record a liability  for  a
   cost  associated with an exit or disposal activity  when  that
   liability  is  incurred  and can be measured  at  fair  value.
   SFAS  146  will  require the Company to  disclose  information
   about  its  exit  and disposal activities, the related  costs,
   and  changes  in those costs in the notes to the  interim  and
   annual  financial statements that include the period in  which
   an  exit  activity  is initiated and in any subsequent  period
   until  the  activity  is  completed.  SFAS  146  is  effective
   prospectively for exit or  disposal activities initiated after
   December  31, 2002,  with  earlier adoption encouraged.  Under
   SFAS  146,  a company cannot  restate  its  previously  issued



                                F-10

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------


   financial statements  and  the new  statement grandfathers the
   accounting    for  liabilities  that  a company had previously
   recorded  under Emerging Issues Task Force Issue 94-3.

   In  December  2002, the Financial Accounting  Standards  Board
   issued   Statement  No.  148,  "Accounting   for   Stock-Based
   Compensation-Transition and Disclosure - an amendment of  FASB
   Statement  No.  123,"  ("SFAS 148").   SFAS  148  amends  FASB
   Statement  No.  123, "Accounting for Stock Based Compensation"
   ("SFAS  123") and provides alternative methods for  accounting
   for  a  change  by  registrants to the fair  value  method  of
   accounting  for stock-based compensation.  Additionally,  SFAS
   148  amends the disclosure requirements of SFAS 123 to require
   disclosure  in the significant accounting policy  footnote  of
   both annual and interim financial statements of the method  of
   accounting  for stock based-compensation and the  related  pro
   forma  disclosures when the intrinsic value  method  continues
   to  be  used.   The  statement is effective for  fiscal  years
   beginning  after  December  15,  2002,  and  disclosures   are
   effective  for  the  first  fiscal  quarter  beginning   after
   December 15, 2002.

   The   Company   does  not  believe  the  adoption   of   these
   pronouncements  will have a material impact on  its  financial
   statements.


NOTE 2  ACCOUNTS RECEIVABLE
------  -------------------

   Accounts receivable as of December 31, 2002 and 2001,  consist
   of the following:

<TABLE>
<CAPTION>

                                               2002            2001
                                            ----------    -----------
<S>                                         <C>           <C>

    Accounts receivable                     $  450,548    $   629,706
    Less allowance for doubtful accounts          -              -
                                            ----------    -----------
                                            $  450,548    $   629,706
                                            ==========    ===========
</TABLE>

   For  the  years ended December 31, 2002 and 2001, the  Company
   did  not  record  a  provision for doubtful  accounts  because
   management  believes  that the accounts receivable  are  fully
   collectable.


NOTE 3  NOTES RECEIVABLE AND ACCRUED INTEREST - RELATED PARTIES
------  -------------------------------------------------------

   The  following  schedule reflects loans  receivable  due  from
   related parties as of December 31, 2002 and 2001:




                                 F-11

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

<TABLE>
<CAPTION>

                                               2002               2001
                                            ----------       -----------
<S>                                         <C>              <C>
Note receivable, President, 7.75% interest
  per annum, unsecured                      $     -     (A)  $   260,923
                                                        (B)
Note receivable, former employee and
  brother-in-law to the President, 7.75%
  interest per annum, unsecured                270,474  (A)      320,348

Note receivable, current employee,
  non-interest bearing, unsecured                 -     (B)       60,000
                                            ----------       -----------
                                               270,474           641,271
    Less current portion (See (B) below)       (27,796)         (346,684)
                                            ----------       -----------
                                            $  242,678       $   294,587
                                            ==========       ===========
</TABLE>



 (A)   On June 30, 2000, the Company entered into two long-term
       note receivable agreements with these individuals in the amounts
       of $ 273,530 and $331,382, respectively, which represented the
       balance owed to the Company at that date.  The notes were for a
       ten-year period, due June 30, 2010, payable in semi-annual
       installments commencing December 31, 2000 and bear interest at
       7.75% per annum.

 (B)   On July 24, 2002, the Company received full payment of the
       total outstanding balance for the notes receivable from the
       president and the current employee.


   Based  on  the information mentioned above, future  maturities
   on the remaining note are as follows:

    Years Ending December 31                           Amount
    ------------------------                         ---------

             2003                                    $  27,796
             2004                                       29,992
             2005                                       32,361
             2006                                       34,918
             2007                                       37,676
          Thereafter                                   107,731
                                                     ---------
            Total                                    $ 270,474
                                                     =========



                                 F-12

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------



NOTE 4  PROPERTY AND EQUIPMENT
------  ----------------------

   Property  and  equipment is comprised of the following  as  of
   December 31, 2002 and 2001:

<TABLE>
<CAPTION>

                                               2002            2001
                                            ----------    -----------
<S>                                         <C>           <C>

    Machinery and equipment                 $   78,924    $    76,524
    Auto and trucks                             85,865         85,865
    Furniture and fixtures                      16,036         16,036
    Leasehold improvements                       3,299          3,299
                                            ----------    -----------
    Total                                      184,124        181,724
    Less: Accumulated depreciation            (156,652)      (143,376)
                                            ----------    -----------
    Property and equipment-net              $   27,472    $    38,348
                                            ==========    ===========
</TABLE>


   Depreciation  expense for the years ended  December  31,  2002
   and 2001 was $13,276 and $13,147, respectively.

NOTE 5  COMMITMENTS AND CONTINGENCIES
------  -----------------------------

   (A) Operating Lease Agreements
   ------------------------------

   Future  minimum  lease payments under the Company's  operating
   lease  for  office and warehouse facilities are as follows  as
   of December 31, 2002:

               2003                                       $    74,868
               2004                                            76,965
               2005                                            79,117
               2006                                            67,641
                                                          -----------
              Total                                       $   298,591
                                                          ===========


   (B) Capital Lease Agreements
   ----------------------------

   Capital  leases are summarized as follows as of  December  31,
   2002 and 2001:

<TABLE>
<CAPTION>

                                               2002           2001
                                            ----------    -----------
<S>                                         <C>           <C>

Pallet jack, 10.5% interest per annum,
  secured by jack                           $    -        $       329
                                            ----------    -----------
                                                 -                329

    Less current portion                         -               (329)
                                            ----------    -----------

                                            $    -        $     -
                                            ==========    ===========
</TABLE>



                                 F-13

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   (C) Employment Agreements
   -------------------------

   In   June   2000,  the  Company  entered  into  an  employment
   agreement with its President for a period of ten years,  which
   commenced  on December 31, 2000.  The President will  be  paid
   $23,000  semi-annually for a total of $460,000 over  the  term
   of  the  agreement.  The President is also  compensated  on  a
   commission  basis determined by the amount of sales  produced.
   In  June  2002, the Company and the President mutually  agreed
   to terminate this agreement for the remaining term.

   On   January  1,  2001,  the  Company  entered  into   another
   employment  agreement with its President through  the  end  of
   2003  that provides for an annual salary of $260,000 per year.
   In  October  2002,  the  Company and  the  President  mutually
   agreed to terminate this agreement.

   In   June   2000,  the  Company  entered  into  a  non-compete
   agreement  with a former employee for a period of  ten  years.
   The  former employee will be paid $23,000 semi-annually for  a
   total of $460,000.  The agreement ends on June 30, 2010.

   (D) Legal Action
   ----------------

   In  July  2002,  a shareholder filed a complaint  against  the
   Company  seeking  $75,000  in  damages.   The  Plaintiff   had
   previously  purchased 500,000 shares of  the  Odyssey  Capital
   Group,   Ltd.   ("Odyssey")  (formerly  known   as   Universal
   Marketing  &  Entertainment  Inc.).   Odyssey  effectuated   a
   reverse  stock  split  in  September 2001,  resulting  in  the
   Plaintiff  owning  100,000  shares  of  Odyssey.  Later,   the
   Company  acquired Odyssey through a reverse merger  (see  Note
   1A)  and  a  stock split took place in October 2002 (See  Note
   11(A))  resulting in the Plaintiff owning 5,000 shares of  the
   Company.   The  Plaintiff is claiming  that  the  Company  and
   their  stock  transfer agent refused to provide the  Plaintiff
   with unrestricted stock.  The Company requested an opinion  of
   counsel   that  the  unrestricted  shares  could  be   issued.
   Plaintiff  refused  to provide an opinion of  counsel  and  no
   unrestricted  shares  were  issued.   Plaintiff  brought  this
   action  claiming  damages for the loss of the  opportunity  to
   sell  his stock in an unrestricted manner.  The Company  takes
   the  position  that  the  restriction itself  called  for  the
   shareholder  to  provide  an opinion  of  counsel  before  the
   shares  would be issued without restriction.  The case  is  in
   the  early  stages  and  the  Company  intends  to  vigorously
   contest the matter.

NOTE 6  NOTES PAYABLE AND ACCRUED INTEREST
------  ----------------------------------

   On  July  24, 2002, the Company issued convertible  promissory
   notes  (the  "Notes")  to the president and  a  director,  for
   $3,250  each, with interest at 8% per annum.  The Notes mature
   on  January 24, 2004.  The amounts were used to pay  operating
   expenses.   At  the  president's and  director's  option,  the
   Notes  and any unpaid accrued interest, were at any time prior
   to maturity, convertible into the Company's common stock at  a
   conversion  price equal to a 25% discount to the last  closing
   bid  price  of  the  common stock as quoted on  the  over-the-




                                 F-14

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   counter  market  as  reported by the National  Association  of
   Securities Dealers, Inc. ("NASD").  On October 16,  2002,  the
   president  and  director notified the Company that  they  were
   converting  the  Notes.   The  closing  bid  price   for   the
   Company's  common  stock, as quoted on the NASD  pink  sheets,
   was  equal  to  $0.005  per share on the date  of  conversion.
   Thus,  the  Company  converted both of the  notes  aggregating
   $6,500  and  the  accrued interest and  beneficial  conversion
   feature  thereon amounting to $2,327 for 1,765,328  shares  of
   common stock.

   The  following  schedule reflects notes  payable  and  accrued
   interest thereon as of December 31, 2002 and 2001:

<TABLE>
<CAPTION>

                                                  2002           2001
                                               ----------    -----------
<S>                                            <C>           <C>

Van note, due May 31, 2003, 11.3% interest
  per annum, secured by van                    $    1,934    $     7,888

Van note, due July 29, 2003, 11.3% interest
  per annum, secured by van                         3,099          8,022

Bank loan interest at 10.25%, secured by
  the Company's assets, payable in monthly
  installments of $3,500 including interest
  commencing January 1, 2000                         -            91,714

$100,000 line of credit, payable on demand
  with annual interest rate of prime plus
  1% (5.5% at December 31, 2002).  The line
  is guaranteed by the president of the
  Company                                         100,479         45,080
                                               ----------    -----------
     Total notes payable                          105,512        152,704
     Less current portion                        (105,512)       (86,736)
                                               ----------    -----------

   Total notes payable - less current portion  $     -       $    65,968
                                               ==========    ===========
</TABLE>


NOTE 7  SALES TAX PAYABLE
------  -----------------

   The  Company  entered  into an installment  payment  agreement
   with  the  New York State Department of Taxation  and  Finance
   relating  to  delinquent sales taxes, penalties and  interest.
   Based  upon  the  terms  of  the  settlement  agreement,   the
   Company's computed annual nominal interest rate is 10.3%  with
   monthly installments payable through June 14, 2004.

   The  following  schedule  reflects sales  tax  payable  as  of
   December 31, 2002 and 2001:




                                 F-15

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------
<TABLE>
<CAPTION>

                                                  2002           2001
                                               ----------    -----------
<S>                                            <C>           <C>

    Total sales tax payable                    $  138,201    $   152,480
    Less current portion                          (75,476)       (54,835)
                                               ----------    -----------
    Total sales tax payable - less
      current portion                          $   62,725    $    97,645
                                               ==========    ===========
</TABLE>

   The following is a schedule of sales tax payable for the next
   two years:

            Years ending December 31:
            ------------------------

                     2003                                  75,476
                     2004                                  62,725
                                                  ---------------
                                                  $       138,201
                                                  ===============

NOTE 8  DUE TO DIRECTOR
------  ---------------

   Due  to  director represents expenses paid by  a  director  on
   behalf  of  the Company.  The unpaid balances due to  director
   as  of  December  31, 2002 and 2001 were $1,177  and  $44,721,
   respectively.  As of January 31, 2003, the amount due  to  the
   director was paid in full.

NOTE 9  DEFERRED VENDOR PAYABLE
------  -----------------------

   During  December 2001, the Company obtained a deferred payment
   plan  with  a  specific group of vendors, who  are  no  longer
   utilized  on  a  day-to-day  basis.   The  Company   has   the
   discretion  when  these payments are  made  and  there  is  no
   stated or implied interest charged.  The total balance due  to
   these  vendors  was $182,969 and $364,269 as of  December  31,
   2002   and  2001  respectively,  of  which  $90,000  has  been
   classified  as  current and included in accounts  payable  and
   accrued  expenses  for both years in the accompanying  balance
   sheet.   The  remaining  long-term  portion  of  $92,969   and
   $274,269 has been classified as deferred vendor payable as  of
   December 31, 2002 and 2001 respectively.

NOTE 10 INCOME TAXES
------- ------------

   Income tax (expense) benefit for the years ended December  31,
   2002 and 2001 is summarized as follows:

<TABLE>
<CAPTION>

                                                  2002           2001
                                               ----------    -----------
<S>                                            <C>           <C>
    Current Tax Benefit (Provision):
    Federal                                    $    -        $    -
    State                                           -             -
    Deferred-Federal and State                      -             (8,970)
                                               ----------    -----------

    Income tax (expense) benefit               $    -        $    (8,970)
                                               ==========    ===========
</TABLE>


                                 F-16

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   The  Company's  tax  expense differs from the  "expected"  tax
   expense  for  the years ended December 31, 2002 and  2001,  as
   follows:

<TABLE>
<CAPTION>

                                                  2002           2001
                                               ----------    -----------
<S>                                            <C>           <C>

U.S. Federal and State income tax
  (provision) benefit                          $   75,500    $    (8,970)
(Increase) decrease in deferred tax
  valuation allowance                             (75,500)          -
                                               ----------    -----------
                                               $     -       $    (8,970)
                                               ==========    ===========
</TABLE>


   As  of  December  31, 2002 the Company had net operating  loss
   carryforwards  of  approximately  $358,000  for  U.S.  federal
   income   tax  purposes  available  to  offset  future   income
   expiring  on  various dates through 2022.   The  deferred  tax
   asset  of  approximately  $122,000, arising  from  the  future
   possible  tax  benefit  of the Company's  net  operating  loss
   carryforwards, has been fully offset by a valuation  allowance
   because  it is more likely that the benefit from the  deferred
   tax asset will not be realized.

NOTE 11 STOCKHOLDERS' DEFICIENCY
------- ------------------------

   In  September  2002,  the Board of Directors  of  the  Company
   voted  to  effectuate  a  500:1 reverse  stock  split  of  the
   Company's   currently   issued  and  outstanding   shares   of
   preferred  stock  and  a  20:1  reverse  stock  split  of  the
   Company's  currently issued and outstanding shares  of  common
   stock.   The reverse stock splits became effective on  October
   11,  2002.   All  shares  and  per  share  amounts  have  been
   restated to reflect these transactions

   (A) Preferred Stock
   -------------------

   Simultaneous  with  the  stock splits  in  October  2002,  the
   Preferred  shareholders converted each share of the  Company's
   preferred  stock into 5 shares of the Company's  common  stock
   Consequently,  11,380 shares of preferred stock were  retired,
   and  56,900  shares  of common stock were issued  with  a  par
   value of $.001.

   During  2001, the Company issued 10,095 preferred shares  with
   a   par  value  of  $.001  for  additional  compensation   and
   professional     services    in    connection     with     the
   recapitalization.   Included  in the  total  preferred  shares
   issued  was the 1,580 shares issued for professional  services
   (See   Note   1(A)).   The  total  value  of  the   additional
   compensation  and professional services received  was  $5,047.
   Each  preferred  share was convertible  into  five  shares  of
   common stock of the Company.



                                 F-17

<PAGE>


                           PRINT DATA CORPORATION
                     NOTES TO FINANCIAL STATEMENTS
                     AS OF DECEMBER 31, 2002 AND 2001
                    --------------------------------

   (B) Common Stock
   ----------------

   In  November  2002,  the Company issued  1,765,328  shares  of
   common  stock  in  exchange for notes payable to  stockholders
   plus accrued interest of $8,827.

   During 2001, 375,000 common shares were issued with par  value
   of  $.001  in  connection  with the  recapitalization  of  the
   Company (see Note 1(A)).

   During  2001, the Company issued 245,777 common shares with  a
   par  value  of  $.001 for professional services in  connection
   with  the  recapitalization.  Total value of services received
   was $4,916.

NOTE 12 RELATED PARTY TRANSACTIONS
------- --------------------------

   On  July  24,  2002,  the  Company  sold  some  of  its  trade
   receivables  to  a  Director  with the  principal  aggregating
   approximately $99,403. The Director purchased the  receivables
   to  provide the Company with funds to retire outstanding debt.
   Based  upon  terms  of the agreement, the sale  of  the  trade
   receivables  are  final and without recourse to  the  Company.
   In  the event of default of those trade receivables sold,  the
   Company  is  not obligated to repurchase any unpaid  balances.
   Accordingly,  the  Company  did not  record  a  gain  or  loss
   associated  with  the  sale  (see Note  11(B)  for  additional
   related party transactions).

NOTE 13 MAJOR CUSTOMERS
------- ---------------

   During  the year ended December 31, 2002, 34% of the Company's
   total  revenues  were  derived from sales  to  two  customers,
   Customer  A with 23% and Customer B with 11%. During the  year
   ended  December 31, 2001, 38% of the Company's total  revenues
   were derived from sales to two customers, Customer A with  20%
   and Customer B with 18%.

NOTE 14 GOING CONCERN
------- -------------

   As  reflected  in  the accompanying financial statements,  the
   Company  has  a  net loss of $226,848, a cash flow  deficiency
   from  operations of $227,506, a working capital deficiency  of
   $367,838  and  a  stockholder deficiency of  $247,218.   These
   conditions  raise  substantial  doubt  about  its  ability  to
   continue  as a going concern.  The ability of the  Company  to
   continue  as  a  going concern is dependent on  the  Company's
   ability  to raise additional capital and expand its  business.
   The  financial statements do not include any adjustments  that
   might be necessary if the Company is unable to continue  as  a
   going concern.

   The  Company  anticipates raising additional  working  capital
   through   bank  financing  and  reducing  operating  overhead.
   Management  believes  that actions presently  being  taken  to
   obtain  additional funding and reduce operating costs  provide
   for the Company to operate as a going concern.



                                 F-18

<PAGE>