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, 2001
                                       or
[  ]          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                         Commission file number

                            DATASTAND TECHNOLOGIES, INC.
                 (Name of small business issuer in its charter)

           INDIANA                             35-2065469
(State or other jurisdiction 			(I.R.S. Employer
 of incorporation or organization)           Identification No.)

                          415 Oakdale Road, Suite 224
                            Toronto, Ontario M3N 1W7
    (Address of principal executive offices including zip code)

                                 (416) 626-5346
                                 --------------
                (Issuer's telephone number, including area code)


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

     Securities registered under Section 12(g) of the Act:

               Common Stock, $.001 par value per share
                           (Title or class)

     Indicate by check mark whether the Registrant (1) has filed all
reports
required to be filed by Section 13 or 15(D) of the securities Exchange
Act of
1934 during the preceding 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 [x]   NO [ ]

     As of April 15, 2002, the Registrant has outstanding 18,314,600
shares
of Common Stock.




				         Table of Contents
						Part I

Item 1	Business

Item 2	Properties

Item 3	Legal Proceedings

Item 4	Submission of Matters to a Vote of Security Holders

						Part II

Item 5	Market for Company's Common Equity and Related
            Stockholder Matters

Item 6	Selected Consolidated Financial Data

Item 7	Management Discussion and Analysis of Financial Conditions and
Results of Operations

Item 8	Financial Statements and Supplemental Data

Item 9	Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure

						Part III

Item 10	Directors and Executive Officers

Item 11	Executive Compensation

Item 12	Security Ownership of Certain Beneficial Owners and Management

Item 13	Certain Relations and Related Transactions

						Part IV

Item 14	Exhibits, Financial Statement Schedules, and Reports on Form 8-K






				Part I



FORWARD-LOOKING STATEMENTS: This annual report contains
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from
estimates.  The risks and uncertainties associated with
forward-looking statements include, among other things,
significant changes in general economic conditions, both
domestic and international; the impact of market conditions;
changes in interest rates; the impact of interest rates and
market conditions on loans, deposits and debt; changes in our
tax liability and rates; decline in value in our capital
investments, and our ability and resources
to execute our business strategies and manage risks associated
with potential expansion plans or business initiatives.



Item 1.	Business

On August 11, 1999, Dimgroup, Inc. entered into a Stock
Exchange Agreement (the "Agreement") with MAS Acquisition VII
Corp. ("MAS"). As result of the Agreement between Dimgroup,
Inc. and MAS, Dimgroup, Inc has merged into MAS and changed
its name to Dimgroup.com Inc. {"Dimgroup").  On April 5, 2001
the corporate name was changed to Datastand Technologies Inc.
("Datastand")

Datastand is a technology company that develops Internet software
and publishes financial data. Datastand operates two divisions :
A Business to Business Division that provides Financial Data to
Websites and Brokerage Firms and a Business to Consumer Division
that operates a financial network.

Datastand's Financial Database contains fundamental corporate data
on almost 3000 companies quoted on the OTC-BB. Datastand's OTC-BB
Data provides websites and brokerage firms with critical information
they can provide their users through websites or integrated software
solutions.

Datastand licenses the database content to customers in a variety of
formats. Clients are charged a set up fee and a monthly fee thereafter.
All contracts are for a minimum one year period.

The Financial Database is updated daily to reflect the numerous
changes,
additions and deletions on OTC-BB issues. DataStand Technologies
provides
28 distinct fields of data on over 2700 OTC-BB quoted companies.

In recent years, there has been a dramatic increase in the use of
online financial information services and trading. Investors are
increasingly looking to the Internet for information about their
financial assets. According to Forrester Research Inc., in 1999
there were 5.7 million households using the Internet to execute
financial transactions and obtain financial information. Forrester
Research predicts that this number will increase to 21 million
households by 2003, a number that would represent nearly 53% of
U.S. households.

Many investors are using this information to manage their financial
assets more actively. Moreover, instead of resorting to a broker or
other financial intermediary, individual investors now have access to
online trading services that allow them to rapidly execute their own
transactions at a lower cost than that previously charged. Forrester
Research has projected that online investment accounts in the U.S.
will grow from $374 billion of assets in 5.4 million online accounts
in 1999 to $3.1 trillion of assets in 20.4 million online accounts
by 2003.

As a result of these developments, many companies that have an
Internet presence, including web portals and media companies,
have developed or are developing financial market content for their
web sites in an effort to enhance their attractiveness to Internet
users and to assist in user retention.  The quality and breadth of
financial information offered is rapidly becoming a differentiator
among financial services providers. Our objective is to be the
leading business-to-business provider of online market analysis
tools and financial information. Key elements of our strategy
include:

- INCREASE CLIENT BASE. We intend to expand our sales force
to target businesses in industries that require robust online
market analysis tools and financial information on their web sites.

- INCREASE NUMBER OF PRODUCTS AVAILABLE. We intend to expand our
product offerings to include other equity markets in North America
and Europe. This will allow us to better serve the online financial
information needs of our clients and their users.

- USING TECHNOLOGY TO LEVERAGE OUR GROWTH. We intend to develop and
market innovative products and services to attract and retain clients.

- PURSUE STRATEGIC ALLIANCES OR ACQUISITIONS.  We intend to seek
strategic alliances which would complement our products or services
or to give us access to new markets.



PRODUCTS AND SERVICES

We provide high-quality, cost-effective and useful products and
services that are essential to online investors. We also provide
search and sort tools that make our information more accessible
and valuable. Users can search our database by company name, stock
exchange ticker symbol, industry or state. During the past year we
relaunched our web site and added many tools which enhance our
database.


SALES & MARKETING
Business Model

We use proprietary combined with tools and technology to attract
our user base which in turn generates advertising revenues. We
also license certain content and tools to third parties to generate
licensing revenues.

ADVERTISING

We offer a variety of advertising options that may be purchased
individually or in packages. We offer banners and button
advertisements on our site, which can be rotated on a run-of-site
basis or targeted to a particular audience. Run-of-site
advertisements appeal to advertisers seeking general brand
recognition. Banners and buttons are generally sold under short-
term insertion orders based on a price per thousand impressions
served.

LICENSING

We license our database and certain tools to third parties for
redistribution. We provide our customers with either a customized
data feed of our proprietary company information, or a co-branded
set of Web pages designed for the customer. License fees are based
upon variables, such as the amount of information, the  number of
tools and number of pageviews. The minimum term for our licensing
agreements is one year.

COMPETITION

Many Web sites compete for the attention and spending of online
users and advertisers, particularly in the financial information
area. We expect this competition to continue to increase. We
compete for visitors, advertisers and content providers with many
types of companies, such as:

- providers of company information, such as Dun & Bradstreet,
  MarketGuide (a division of Multex) and Standard & Poor's; and
- Web-based financial information providers, such as Yahoo! and
  CBS Marketwatch.

 Our ability to compete depends on many factors, including:

- the originality, timeliness, comprehensiveness and
  trustworthiness of our content and that of our competitors;
- the cost of our services compared to our competitors;
- the ease of use of services developed either by us or our
  competitors;
- the usefulness of our tools;
- the attractiveness of the demographic characteristics of our
  audience; and
- the effectiveness of our sales and marketing efforts.

CUSTOMER SERVICE & SUPPORT

We provide customer service and support in response to inquiries
from customers, who contact us primarily by e-mail and phone.
The customer support staff is available by phone and e-mail and
generally responds to all e-mail inquiries within 24 hours. We
provide a toll-free telephone line for customer orders. We believe
that providing a high level of customer support free of charge is
necessary to retain our current customers and to acquire new ones.

WEB SITE TECHNOLOGY AND OPERATIONS

We are currently running our service on Linux enterprise-class
servers and mySQL for our database engine. We use custom CGIs for
performing searches on the Web site. Our procedures include daily
tape back-ups for all systems. Dimgroup is hosted by Verio, Inc.
who provides comprehensive technical facilities management,
including continuous monitoring services, uninterrupted power
supply, a generator, security, and protection from disaster.

GOVERNMENT  REGULATION.

There  are  currently few laws or regulations that specifically
regulate  communications or commerce on the Web. However,
laws and regulations  may  be adopted  in  the  future
that address issues such as user privacy,  pricing, and the
characteristics and quality of products and services. It  may
take  years  to determine the extent to which existing laws
relating to issues  such as property ownership, libel and
personal privacy are applicable to the  Web. Any new laws or
regulations relating to the Web could adversely affect the
Company's  business.


FACTORS THAT MAY AFFECT FUTURE RESULTS

In addition to the other information in this Form 10-K,
the following factors should be considered in evaluating
our company and our business.

WE HAVE A HISTORY OF LOSSES AND EXPECT FUTURE LOSSES.

We have incurred a net loss for each fiscal year since
our inception, including a net loss of $412,876 for
the year ended December 31, 2001.  We expect operating
losses and negative cash flow to carry on as we continue to
incur significant operating expenses and to make investments
to enhance Dimgroup.com.


OUR BUSINESS IS SUBJECT TO QUARTERLY FLUCTUATIONS IN OPERATING
RESULTS THAT MAY NEGATIVELY IMPACT THE PRICE OF OUR STOCK.

Our quarterly operating results may fluctuate significantly
in the future due to a variety of factors. These include the
following factors, which are generally outside of our control:
 - seasonal trends relating to usage of our services;
 - seasonal trends relating to Internet advertising spending;
 - the extent to which we experience increased competition in
   the markets for Internet services and advertising; and
 - economic conditions specific to the Internet,
 as well as general economic and market conditions. Other
factors that could cause our quarterly operating results to
fluctuate significantly, which are at least partially under
 our control, include:
 - the timing and effectiveness of our marketing efforts to
   acquire users and subscribers and to   promote our brand;
 - the rate of subscriber acquisitions;
 - the timing and effectiveness of e-commerce expansion efforts;
 - the timing and effectiveness of any co-branding and traffic
 - generating arrangements or other strategic alliances into
   which we enter; and
 - changes in our operating expenses.

In addition, our operating expenses are based on our
expectations of our future revenues, some of which are
relatively fixed in the short term. We may be unable
to reduce our expenses quickly enough to offset any
unexpected revenue shortfall, which could have a material
adverse effect on our business, operating results and
financial condition.


RAPID GROWTH IN OUR FUTURE OPERATIONS COULD CONTINUE
TO STRAIN OUR MANAGERIAL, OPERATIONAL AND FINANCIAL RESOURCES.

We have experienced rapid growth in our operations. We believe
that we will need to continue to expand our business and
operations in order to support our growing business, and we
expect that the number of our employees will continue to
increase for the foreseeable future. This rapid growth has
placed, and any additional growth will continue to place,
a significant strain on our managerial, operational and
financial resources. As a result, we will need to continue to
improve our operational and financial systems and managerial
controls and procedures. Our future success will also depend
on our ability to expand, train and manage our workforce,
in particular our sales and marketing staff. We will also
have to maintain close coordination among our technical,
accounting, finance, marketing, sales and editorial personnel.
If we are unable to accomplish any of these objectives, our
business, operating results and financial condition could be
materially adversely affected.

EXPANSION INTO NON-U.S. MARKETS MAY BE DIFFICULT.

The growth of the Internet outside of the United States may
not progress or may not be adopted by people outside
of the United States. The impact of language and other cultural
differences could result in a product offering that is not
accepted and may not be financially successful. These difficulties
may be heightened by differing regulatory schemes affecting the
Internet in these countries. Strategic relationships may be
necessary to facilitate this expansion and our business may
be adversely affected if we fail to gain new or effective
relationships in this area.

WE MAY EXPERIENCE CAPACITY CONSTRAINTS OR SYSTEM FAILURES
THAT COULD DAMAGE OUR BUSINESS.

If our systems cannot be expanded to cope with increased
demand or fail to perform effectively, we could experience:
- disruptions in service;
- slower response times;
- reduced customer satisfaction;
- delays in the introduction of new products and services; or
- vulnerability to attacks (including denial of service attacks)
  by third parties;
  any of which could impair our reputation, damage the Dimgroup
brand and materially adversely affect our business, operating
results and financial condition. Our ability to provide high-
quality customer service also depends on the efficient and
uninterrupted operation of our computer and communications
hardware systems. We have also experienced minor interruptions
due to software bugs, upgrades and hosting facility connectivity
failures. Our systems and operations also are vulnerable to damage
or interruption from human error, natural disasters,
telecommunication failures, break-ins, sabotage, computer viruses,
intentional acts of vandalism and similar events. We currently do
not have complete redundancy and we do not have alternative providers
of hosting services that are available on short-term notice. We plan
to develop a formal disaster recovery plan. We cannot assure you that
any plan we adopt will be sufficient. We may not carry sufficient
business interruption insurance to compensate for losses that could
occur.

WE MAY BE SUBJECT TO LEGAL CLAIMS IN CONNECTION WITH THE CONTENT
WE PUBLISH

We may be subject to claims for defamation, negligence, or
copyright or trademark infringement based on other theories
relating to the information we publish on our Web site, on
the Web sites of others with whom we license or co-brand our
products. These types of claims have been brought, sometimes
successfully, against online services, as well as other print
publications in the past. Due to the global nature of the
Internet, we may be subject to such claims asserted under
the laws of foreign countries, which may differ substantially
from U.S. laws. We could also be subject to claims based upon
the content that is accessible from Dimgroup through links to
other Web sites. Our insurance may not adequately protect us
against these types of claims.

THE LOSS OF ANY OF OUR KEY PERSONNEL OR OUR FAILURE TO ATTRACT
ADDITIONAL PERSONNEL COULD HAVE A MATERIAL AND ADVERSE EFFECT
ON OUR BUSINESS.

Our future success will depend, in substantial part, on the
continued service of our senior management, particularly
Marc Cianfarani, our Chairman of the Board, President and
Chief Executive Officer. None of our senior management has
entered into an employment agreement with us. We do not maintain
key-person life insurance on any of our employees. The loss
of one or more of our key personnel could have a material
adverse effect on our business, operating results and financial
condition. Our future success will also depend on our continuing
ability to attract, retain and motivate highly qualified technical,
customer support, financial, accounting and managerial personnel.
Competition for such personnel is intense, and we cannot assure
you that we will be able to retain our key personnel or that we
will be able to attract, assimilate or retain other highly
qualified personnel in the future.

OUR COMMON STOCK PRICE IS VOLATILE AND COULD FLUCTUATE
SIGNIFICANTLY.

The trading price of our stock has been and may continue to
be subject to wide fluctuations. Our stock price may fluctuate
in response to a number of events and factors, such as
quarterly variations in operating results; announcements of
new products, technology or strategic relationships by us or
our competitors; changes in financial estimates and
recommendations by securities analysts; the operating and
stock price performance of other companies that investors may
deem comparable; and news reports relating to trends in our
markets. In addition, the stock markets in general, and the
market prices for Internet-related companies in particular,
have experienced extreme volatility that often has been
unrelated to the operating performance of such companies.
These broad market and industry fluctuations may adversely
affect the price of our common stock, regardless of our
operating performance.

WE DEPEND ON THE CONTINUED GROWTH IN USE AND EFFICIENT
OPERATION OF THE INTERNET.

The Internet-based information market is rapidly evolving.
Our business would be materially adversely affected if
Internet usage does not continue to grow or grows more
slowly than anticipated.  Internet usage may be inhibited
for a number of reasons, including:
- inadequate network infrastructure;
- security concerns;
- inconsistent quality of service; and
- unavailability of cost-effective, high-speed access to the
  Internet.
Our audience depends on Internet service providers, online
service providers and other Web-site operators for access
to our Web site. Many of these services have experienced
significant service outages in the past and could experience
service outages, delays and other difficulties due to system
failure unrelated to our systems. These occurrences could
cause our visitors to perceive the Internet in general or our
Web site in particular as unreliable and, therefore,
cause them to use other media to obtain their company and
business information. We also depend on third-party information
providers to deliver information and data feeds to us on a
timely basis. Our Web site could experience disruptions or
interruptions in service due to the failure or delay in the
transmission or receipt of this information, which could have
a material adverse effect on our business, operating results
and financial condition.

WE CANNOT PREDICT THE SIZE OR VIABILITY OF THE ONLINE
INFORMATION SERVICES MARKET.

The market for our online business information services
is rapidly evolving and is characterized by an increasing
number of market entrants. As is typical of a rapidly
evolving industry, demand and market acceptance for
recently introduced services are subject to a high level
of uncertainty and risk. Because of these factors, it is
difficult to predict the future growth rate, if any, and
size of this market. We cannot assure you that the market
for our online business information services will continue
to develop. If the use of online business information
services fails to continue to grow, our ability to establish
other online services would be materially and adversely
affected. In addition, our business strategy includes
extending our online business information services model
to additional segments of business information. We cannot
assure you that we will be successful in our efforts.

IF WE CANNOT KEEP PACE WITH RAPIDLY CHANGING TECHNOLOGY
AND THE DEMANDS OF OUR CUSTOMERS, WE MAY BE UNABLE TO
ENHANCE OUR EXISTING SERVICES OR INTRODUCE NEW SERVICES.

The market in which we operate is characterized by rapidly
changing technology; evolving industry standards; frequent
new service announcements, introductions and enhancements;
and evolving customer demands. The emerging nature of the
Internet and the electronic distribution of business
information, including distribution through wireless
channels and products, exacerbate these market characteristics.
Accordingly, our future success will depend on our ability to
adapt to rapidly changing technologies and industry standards,
and our ability to continually improve the performance,
features and reliability of our services in response to both
evolving customer demands and competitive service offerings.
Our inability to adapt successfully to these changes in a
timely manner could have a material and adverse effect on our
business, operating results and financial condition. Furthermore,
we may experience difficulties that could delay or prevent the
successful design, development, testing, introduction or
marketing of new services. Any enhancements to existing services
may not adequately meet the requirements of our current and
prospective customers or achieve any degree of significant market
acceptance. If we are unable, for technological or other reasons,
to develop and introduce new services or enhancements to existing
services in a timely manner or in response to changing market
conditions or customer requirements, or if our services or
enhancements contain defects or do not achieve a significant degree
of market acceptance, our business, results of operations and
financial condition would be materially adversely affected.

WE MAY BECOME SUBJECT TO BURDENSOME GOVERNMENT REGULATION
AND LEGAL UNCERTAINTIES.

The laws governing the Internet remain largely unsettled, even
in areas where there has been some legislative action. It may
take years to determine whether and how existing laws, including
those governing intellectual property, privacy, libel and taxation,
apply to the Internet generally and the electronic distribution
of business information in particular. Legislation could reduce
the growth in the use of the Internet generally and decrease the
acceptance of the Internet as a communications and commercial
medium, which could have a materially adverse effect on our business,
operating results and financial condition. In addition, the growing
popularity and use of the Internet has burdened the existing
telecommunications infrastructure and many areas with high Internet
usage have begun to experience interruptions in phone service.
As a result, some local telephone carriers have petitioned
governmental agencies to regulate Internet service providers
and online service providers in a manner similar to long-distance
telephone carriers and to impose access fees on Internet service
providers and online service providers. If any of these petitions
or the relief that they seek is granted, the costs of communicating
on the Internet could increase substantially, potentially adversely
affecting the growth of the Internet. Further, due to the global
nature of the Internet, it is possible that, although transmissions
relating to our services originate in the State of Texas,
governments of other states, the United States or foreign
countries might attempt to regulate our service or levy sales
or other taxes on our activities. In Texas, sales of goods over
the Internet are taxed the same as sales of personal property
through traditional channels. As a result, Texas-based Internet
companies like us may be at a competitive disadvantage to Internet
companies based outside of Texas with respect to sales to Texas-based
customers. We cannot assure you that violations of local or other
laws will not be alleged or charged by governmental authorities,
that we might not unintentionally violate these laws or that in
the future these laws will not be modified or new laws enacted.
Any of these developments could have a material adverse effect
on our business, operating results and financial condition.


Item 2.	Properties


The Company presently leases office space at 415 Oakdale
Road, Suite 224, Toronto, Ontario Canada, M3N-1W7.  The term of
the lease is for eighteen months commencing in October 2001 and the
monthly rental payment is $319.93 payable in Canadian funds.


Item 3. 	Legal Proceedings

There are no material pending legal proceedings,
other than ordinary legal matters incidental to the Company's
business, to which the Company is a party or in which any of
the Company's property is the subject.

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

There were no matters submitted to a vote of security holders
during the fourth quarter of the year ended December 31, 2001.



				Part II

Item 5.	Market for Registrant's Common Equity and Related
		Stockholder Matters

The Company's Common Stock $0.001 par value (Common Stock) is
traded on OTC:BB under the symbol "DATT". The following chart
sets forth the high and low closing price for the Common Stock
during the indicated periods.
					 Low	 High
1-st Quarter 2001			$0.08	 0.19
2-nd Quarter 2001			$0.07	 0.20
3-rd Quarter 2001			$0.07	 0.10
4-th Quarter 2001 		        $0.07	 0.42

The Company's stock started to trade on OTCBB on August 9, 2000.
The foregoing quotations represent prices between dealers and do
not include retail mark up, mark down, or commission and may not
necessarily represent actual transactions. As of December 31,
2001 the Common Stock was held of record by approximate 175
persons and entities including significant amounts of stock held
in "street name".



Item 6.	Selected Financial Data

	Please see Exhibit A and Exhibit B.  The financial statements
listed
therein, attached hereto and filed herewith are incorporated
herein by this reference as though fully set forth herein.


Item 7.	Management's Discussion and Analysis of Financial
		Condition and Results of Operations

In addition to historical information, the following discussion
and analysis of management contains forward-looking statements.
These forward-looking statements involve risks, uncertainties
and assumptions. The actual results may differ materially from
those anticipated in these forward-looking statements as a
result of many factors, including but not limited to, those
discussed below and in the sections in this Annual Report on
"Risk Factors". Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect
management's opinions only as of the date hereof. Dimgroup.com
Inc. undertakes no obligation to revise or publicly release the
results of any revision to these forward-looking statements.
Readers should carefully review the risk factors described in
this document as well as in other documents the Company files
from time to time with the Securities and Exchange Commission,
including the Quarterly Reports on Form 10-Q to be filed by the
Company in fiscal year 2001.

GENERAL

Datastand is a growing Data provider. The company provides
customer-oriented information research and document delivery
services providing businesses with up-to-date, focused
information to meet their business needs. Datastand Technologies
provides timely information crucial to managing business success.

Datastand's first database is a proprietary Financial Database.

Datastand's Financial Database contains fundamental corporate data
on almost 3000 companies quoted on the OTC-BB. Datastand's OTC-BB
Data provides websites and brokerage firms with critical information
they can provide their users through websites or integrated software
solutions.

Datastand licenses the database content to customers in a variety of
formats. Clients are charged a set up fee and a monthly fee thereafter.
All contracts are for a minimum one year period.

The Financial Database is updated daily to reflect the numerous
changes, additions and deletions on OTC-BB issues. DataStand
Technologies provides 28 distinct fields of data on over 2700 OTC-BB
quoted companies.

RESULTS OF OPERATIONS

    Revenue for the year ending December 31, 2001 was $29,905 compared
to $3,700 for the same period in 2000.  The increase is a direct result
of an additional database licensing agreement and an increase in
advertising sales.

     Operating expenses for the year ended December 31, 2001 were
$442,781 compared to $214,292 for the same period in 2000.  The
increase is attributable to the Non cash stock compensation of
$224,000.  These payments were a one time fee for accounting and
research and development. Future operating expenses may rise with the
purchase of new equipment and the need to upgrade our technology.
Noting this, the Company expects to have Operating losses continue in
the near future.

FUTURE OUTLOOK

     The Company began licensing its proprietary database at the
end of 2000 and will continue its marketing campaign in 2002. It
expects to secure new clients throughout 2002 and may have to
upgrade its servers and hire more staff should its client base
grow significantly.



LIQUIDITY AND CAPITAL RESOURCES

     The Company expects to raise funds via private placements
in 2002.  At the present time the company believes that its
existing corporate resources are adequate for at least the next
six months to meet working capital needs and to fund corporate
requirements.

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

1.  Financial Statements.

The information required by this Item is filed as an Exhibit
to this Form 10-KSB.


Item 9.	Changes in and Disagreements With Accountants on
		Accounting and Financial Disclosure


None.


				Part III


Item 10.	Directors and Executive Officers of the Registrant



  The following persons are the Directors and Executive
Officers of the Company after the merger:


Name             Age              Position(s)
- -------------  ---    -----------------------------------

Marc Cianfarani  34   Chairman of the Board, President & CEO

Nick Montesano   33   Chief Operating Officer and Director

Berto Napoleone  31   Executive V.P. and Director



MARC CIANFARANI

  Marc Cianfarani is one of the founders of Dimgroup.com and
has been Chairman of the Board of Directors, President and
CEO since March 1998. As President and CEO of Dimgroup, Marc
is responsible for program and product development, along
with systems and network management. Marc was co-founder and
director of CMN Consultants, an advocacy firm formed to
resolve workplace accident disputes from 1993 to 1998. Marc
successfully completed the Canadian Securities Course in
1989 and received an Honors degree in Economics from York
University in 1990.



NICK MONTESANO

Nick Montesano is one of the founders of Dimgroup.com and
has been Chief Operating Officer and Director since April
1999. Nick is responsible for Dimgroup's business strategy
and development. He will look to create strategic
relationships in the online finance sector and has played
a key role in the development of Dimgroup's B2B database
licensing products. Nick was co-founder and director of CMN
Consultants, an advocacy firm formed to resolve workplace
accident disputes from 1993 to 1999. At CMN, Nick was
responsible for business development including sales and
marketing. He was successful in assembling a sales team and
implementing a marketing strategy which made CMN a leader
in its field.

BERTO NAPOLEONE

Berto Napoleone is one of the founders of Dimgroup.com and
has been Executive Vice-President and Director since April
1999. At Dimgroup, Berto is responsible for the day to day
maintenance of the database. This includes implementing daily
changes, updating financial profiles and quality control.
Berto was co-founder and director of CMN Consultants, an
advocacy firm formed to resolve workplace accident disputes
from 1993 to 1999. Berto worked at the Workplace Safety and
Insurance Board from 1990 to 1993 and was responsible for the
issuance and compliance of government forms. He also made
decisions on initial requests by clients pertaining to
legislative authority.



Item 11.	Executive Compensation

  The Company may award stock options and cash bonus to key
employees, directors, officers and consultants under a stock
option plan not yet adopted as bonus based on service and
performance. The annual salaries of executive officers are
listed as follows:



Name and Principal Position               Annual Salary
- ------------------------------------      -------------
[S]                                       [C]

Marc Cianfarani                           US$60,000

Nick Montesano                            US$60,000

Berto Napoleone                           US$60,000



Item 12.	Security Ownership of Certain Beneficial
	      Owners and Management




Name and Address           Number of Shares
of Beneficial Owner          Beneficially        Percent of
			       Owned		   Class
- ----------------------  -------------------- --------------

Marc Cianfarani (1)(4)       5,026,880              27.5%
Chairman of the Board,
President and CEO

Nick Montesano (2)(4)        5,051,880              27.5%
Chief Operating Officer
and Director

Berto Napoleone (3)(4)       5,041,880              27.5%
Executive V.P. and
Director

All Officers and Directors  15,120,640              82.5%
(3 persons)
___________________________




(1) Includes a) 100,000 shares held by Maria Cianfarani,
mother of Marc Cianfarani, b) 100,000 shares held by Rob
Cianfarani, brother of Marc Cianfarani, c) 100,000 shares held
by Anthony Pizzonia, brother-in-law of Marc Cianfarani,
d) 100,000 shares held by Charlie Gallo, brother-in-law of
Marc Cianfarani, e) 100,000 shares held by Angelo Gallo, father-
in-law of Marc Cianfarani and f) 800,000 shares held by Grace
Cianfarani, wife of Marc Cianfarani.

(2) Includes a) 800,000 shares held by Jennifer Montesano,
wife of Nick Montesano, b) 100,000 shares held by Antonietta
Montesano, mother of Nick Montesano, c) 100,000 shares held
by Robert Montesano, brother of Nick Montesano, d) 100,000
shares to Lisa Montesano, sister of Nick Montesano, e) 100,000
shares held by Norma Giacco, mother-in-law of Nick Montesano,
f) 100,000 shares held by Mark Giacco, brother-in-law of Nick
Montesano and g) 100,000 shares held by Richard Giacco,
brother in law of Nick Montesano.

(3) Includes a) 300,000 shares held by Sandra Napoleone,
wife of Berto Napoleone, b) 100,000 shares held by Elia
Napoleone, mother of Berto Napoleone, c) 100,000 shares held
by David Napoleone, brother of Berto Napoleone, d) 100,000
shares held by Loreta Dirauso, sister of Berto Napoleone,
e) 100,000 shares held by Connie Galdame, sister of Berto
Napoleone, f) 100,000 shares held by Angela Mendolia,
mother-in-law of Berto Napoleone and g) 300,000 shares held
by Domenic Mendolia, brother-in-law of Berto Napoleone.

(4) The address for each officer/director is c/o Datastand
Technologies Inc., 415 Oakdale Road, Suite 224, Toronto, Ontario
M3N-1W7, Canada.


ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None

Item 14. EXHIBITS, FINANICAL STATEMENT SCHEDULES AND REPORTS
         ON 8-K

 None

SIGNATURES

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

Datastand Technologies, Inc

Date: April 22, 2002
				By: /s/ Nick Montesano
                                  ----------------------
                                  Chief Operating Officer and Director