February 17, 2004


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

                                  FORM 10-KSB

(Mark One)
:X   ANNUAL  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934  For  the  fiscal  year  ended  September  30,  2003

:    TRANSITION  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934

     For the transition period from          to

                        Commission file number: 0-28879

                            WILMINGTON REXFORD, INC.
                 (Name of small business issuer in its charter)

                 DELAWARE                                   98-0348508
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                           Identification  No.)

         3753 HOWARD HUGHES PARKWAY, SUITE 200, LAS VEGAS, NEVADA   89109
    (Address of principal executive offices)                      (Zip Code)

                    Issuer's telephone number: (702) 784-5140

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

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

                        COMMON STOCK, $0.0001 PAR VALUE
                                (Title of class)

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  no  disclosure  of  delinquent  filers  in  response  to  Item 405 of
Regulation  S-B  is 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-KSB.

State  issuer's  revenues  for  its  most  recent  fiscal  year:  $1,517,822

State the aggregate market value of the voting and non-voting common equity held
by  non-affiliates computed by reference to the price at which the common equity
was  sold,  or  the  average  bid and asked price of such common equity, as of a
specified  date  within  the  past  60  days:  $124,445  AS OF FEBRUARY 13, 2004

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of the latest practicable date:  15,196,035 AS OF FEBRUARY 13, 2004

Transitional Small Business Disclosure Format (Check one):     Yes     ; No__X__

<PAGE>


                                     PART I

ITEM  1.     DESCRIPTION OF BUSINESS.

BACKGROUND

     We  were  incorporated in the State of Colorado on June 17, 1996, under the
name  Minas  Novas Gold Corp., to engage in mining operations. From inception to
January  1999,  we  obtained  options  to  acquire various mining properties. On
January  29,  1999,  we abandoned all mining operations and proceeded to acquire
all  of  the issued and outstanding capital stock of Cool Entertainment, Inc., a
Washington  corporation,  in  exchange  solely for 65% of our outstanding common
stock.  The  acquisition  of  the  Washington corporation was completed March 1,
1999,  and  effective  February  22,  1999,  we  changed  our  name  to  Cool
Entertainment,  Inc.

     From  March 1, 1999 to February 2000, the coolentertainment.com website was
under  development.  We  launched the website in February 2000 and from February
2000  to  November  2000,  we offered a variety of entertainment products on the
Internet  through  our  website,  www.coolentertainment.com.  We  also  offered
                                  -------------------------
value-added  services  such  as  celebrity interviews, book reviews, online chat
rooms, online games, and free e-mail accounts on its website to attract users to
the  website.  We  generated  revenues  of  only  $3,518  from  this  website.

     Realizing  that  we were undercapitalized and unable to market our services
properly,  we  searched for another business opportunity.  On February 21, 2001,
we acquired all of the issued and outstanding capital stock of E-Trend Networks,
Inc.,  a  Nevada  corporation,  in  exchange solely for approximately 92% of our
common  stock.  We  changed  our  name  to  E-Trend  Networks, Inc., changed our
domicile  to  Delaware, and affected a 1-for-100 reverse split of our issued and
outstanding  shares  of  common  stock.

     On December 26th, 2001, an agreement was reached whereby a new organization
and  management  team  led  by  eAngels  Equity,  LLC  would acquire controlling
interest  in E-Trend Networks, Inc.  Effective February 19, 2002, we changed our
name  to  Wilmington  Rexford, Inc., in an effort to properly reflect changes in
our  business  focus. Concurrent with the name change, we announced our plans to
focus  our operations on venture development, a business model predicated on the
acquisition,  financing,  and  management  of  a  diverse  portfolio  of related
businesses.  We  also  planed  to explore potential synergies within our current
operations  by  expanding the product portfolio and service lines of our offline
distribution  and  fulfillment  business,  with  that  of  our online e-commerce
business,  capitalizing  on  our  existing  Business-to-Business  e-commerce
capabilities,  as  well  as  our  unique  capacity to combine product supply and
technology  infrastructure.

     Prior to the fourth calendar quarter of 2003, our principal assets included
two operations that focused on the distribution of packaged entertainment media,
through  distribution  channels encompassing both online electronic commerce and
traditional  bricks-and-mortar  outlets.  We  operated  an online retail website
www.EntertainMe.com  and  through  our  fulfillment and distribution subsidiary,
-------------------
Langara  Entertainment, we offered distribution and fulfillment services to both
traditional  retail  and  online  merchants.

     In  October  of  2003  after  4  years  of  substantial  losses  in its two
subsidiary  operations  the  company's board of directors decided to institute a
plan  of  reorganization whereby E-Trend Networks would reorganize its operation
assets  into minority equity stakes in much larger funded companies.  Agreements
were  completed that would exchange its 100% ownership in Langara Entertainment,
Inc. and EntertainMe.com for a equity stakes in Langara Group, Inc. and Fly.com,
Inc.  both  of  which  could continue to finance the operating losses as well as
provide  additional  growth for these operations providing added value over time
to  the  company  and  its  shareholders.

     On  February  13th,  2004  Wilmington  Rexford  and  its board of directors
finalized  its  financial  restructuring  plan by agreeing and executing a share
exchange  agreement  whereby  the  operations  of  Wilmington  Rexford  will  be
reorganized  on  a  go  forward  basis  as  follows:

1.   E-Trend  Networks,  Inc.,  wholly  owned  subsidiary  will be spun out as a
     dividend  to  the  shareholders  on  a  1  for  1 share basis. E-Trend will
     continue  its  operations  as  a  separate company with its own independent
     management. The company will continue exploring future additional eCommerce
     opportunities  as  well as added liquidity events for its stakes in Langara
     Group,  Inc.  and  Fly.com,  Inc.

2.   Wilmington  Rexford,  Inc.,  will  acquire  one of the Chinese subsidiaries
     controlled  by  China  Merchant  DiChain  Investment  Holdings  Limited. At
     closing  of  this  transaction  a  new  management  team will take over the
     operations  of Wilmington Rexford. This acquisition will also provide for a
     20-1  reverse  stock  split  for  the  Wilmington  Rexford  Shares.

     Wilmington Rexford currently has one operating subsidiary E-Trend Networks,
Inc.  After  this  reorganization  E-Trend  Networks,  Inc.  will continue as an
independent  company  with  its  own separate operations and management and will
continue  to  focus  on  developing  and  expanding  in the eCommerce Technology
industry.

E-TREND  NETWORKS

     E-Trend  was  founded  as  a  Nevada  corporation  under  the  name  "The
MovieSource.com  Corp."  in April 1999 by VHQ Entertainment Inc., formerly Video
Headquarters  Inc.  and  eAngels  Equity, LLC (Garrett K. Krause).  Officers and
directors of VHQ along with eAngels Equity, LLC (Garrett K. Krause) incorporated
TheMovieSource.com  Corp.  and provided the initial capitalization.  The name of
the  company  was  changed  to  "E-Trend  Networks,  Inc."  in  February  2000.

     E-Trend  has  spent  considerable  funds  through the support of 4 years of
operating losses of an eCommerce Internet Portal known as EntertainMe.com, which
was  in  the  business  of  retailing  movies and music over the internet.  This
operation  while  controlled  and  operated  by  E-Trend  could  not  get  to
profitability and due to the lack of capitalization on October 1, 2003 signed as
agreement  with  Fly.com,  Inc.  to  take  over  its  website  operations  in  a
combination  plan whereby EntertinMe.com would become an anchor store in its new
Internet  Mall,  set  to  launch in June of 2004.    The agreement provides that
E-Trend  would  receive  a  $250,000  convertible  equity  note in Fly.com, Inc.

     E-Trend  Networks, Inc. also purchased Langara Entertainment, Inc. in 2000,
which  although  provided a majority of the revenues for Wilmington Rexford on a
consolidated  basis, also could not quite reach profitability and eventually was
saddled  with  a cash crises and a mountain of debt in September 2003.  With the
inability  of  Wilmington Rexford and E-Trend Networks, Inc to provide continued
financing  for  Langara  E-Trend  entered  into an agreement to provide its 100%
ownership  of  Langara  Entertainment,  Inc.  to Langara Group, Inc. in which it
would  receive  a  25% equity interest and thus not be responsible for continued
financial  support.

     E-Trend  Networks  will  continue  after  the reorganization to explore new
possibilities  in  the  eCommerce  business  as  it  still  has  ownership  over
tremendous  technology  developed  and  tested over the past 4 years through the
development  of  EntertainMe.com.

TECHNOLOGY

     Through our consultants and technical staff, we have developed technologies
and  implemented  systems  to  support distributed, reliable and scalable online
retailing  in  a  secure  and  easy-to-use  format.  Using  a  combination  of
proprietary  solutions  and  commercially  available  licensed  technologies, we
intend  to  deploy  systems for online content dissemination, online transaction
processing,  customer  service, market analysis and electronic data interchange.

     Hardware.  Our  web  delivery system runs on IBM NetFinity Servers.  As our
computing  requirements  grow,  we  intend  to  evaluate  other  platforms  for
additional  reliability  and  scalability  over  the  current  Intel-based
architecture.

     Our  hardware  is rack-mounted in "server farms" and is designed so that as
business  volume  grows  it  can  be duplicated in various hosting facilities to
provide  full  redundancy  in  case  of  an Internet outage.  Since outages mean
downtime  and  an  inability  to  do business, the system has been configured to
insure  that  more  than  one  piece  of  hardware  is available to perform each
business  function.  If  any  one  component  is out of service, traffic will be
rerouted  without  impacting  the  performance  of  our  e-commerce  system.

     Graphics  and  basic  static  HTML  text and graphics are served from a web
server.  The web server is not responsible for connectivity to the database, and
is  under  relatively light load, as the application servers actually do all the
intensive  computing.

     Application servers run the catalog system.  These machines are responsible
for  retrieving  information from the database and generating personalized pages
to  be  sent  to  the individual browser sessions.  The servers run on the Linux
platform  to  ensure  speed.

     Software.  We  believe that flexible, adaptable, and robust software is the
key  to our success.  We must be able to adapt our site to maximize ease of use,
consumer appeal, and competitive advantage.  Software must also be robust enough
to  handle  rush hour and peak season business volumes.  Our web delivery system
is composed of several software packages working together to comprise the entire
system.  The  major  software  packages  are  configured  as  follows:

-    Database  -  The current system runs on Oracle. The database holds all  the
     --------
     system information such as products, pricing, contents of customer's carts,
     and  actual  orders.

-    Firewall  -  We  currently  run  a  commercial  firewall  product  but are
     --------
     considering  implementing  a  customized  Linux solution in the future. The
     firewall software secures our information, yet is fast enough to handle the
     load  of  peak  traffic  times.

-    Web  Server - The web server that runs our website is Apache, the de facto
     -----------
     industry  standard.  This  server  was  selected  for  its  scalability and
     performance,  plus  its  ability  to  run  on  several  platforms.

-    Application Server Software - The current application server configuration
     ---------------------------
     runs on a Tom Cat, chosen for its scalability and performance.

     Connectivity.  We use Group Telecom in its Calgary, Canada location for our
Internet  access  and  web  hosting.

     Security.  Lynk  Systems  handles  credit  card  payments for us. Lynk is a
secure  Internet  payment  system  that  the customer accesses directly from our
website.  To  assure  maximum  privacy  and  customer security, we never see the
customer's  credit  card number. Instead, Lynk provides a purchase authorization
that  can  be  used  for  future  reference  to  the  customer's  order.

     VeriSign  Secure  Site.  The VeriSign Secure Site Program allows surfers to
verify  that a site offers security measures before they submit any confidential
information.  The  logo  and  valid  digital  certificates appearing on our site
assure  customers  that all information sent to this site, is in a secure socket
layer  session,  is encrypted and protected against disclosure to third parties.
Inclusion  of  the  VeriSign  logo  encourages  purchases  on our site, so it is
prominently  displayed,  especially  in  the  final check out pages. To become a
VeriSign  Secure  Site,  we  have to purchase an annual digital certificate from
VeriSign.

     Data  Transfer.  Our  distribution  efforts  are  supported by two-way data
transfer  applications,  which  allow  us  to  transmit  orders  to  Langara
Entertainment  and  in return receive order status information, which is capable
of  being  downloaded  onto  our  web  site.

INTELLECTUAL  PROPERTY

     We  use  technology  that  we  have  developed  internally,  as  well  as
technologies that are readily available from third party commercial packages. We
enter into confidentiality and assignment agreements with all of our consultants
and  vendors  who  have  access  to  our  proprietary  information.

GOVERNMENT REGULATION

     There  are  currently  few  laws  or regulations that apply directly to the
Internet.  Due to the increasing popularity of the Internet, it is possible that
a  number of local, state, national or international laws and regulations may be
adopted  with  respect  to  issues such as the pricing of services and products,
advertising,  user  privacy,  intellectual  property,  information  security, or
anti-competitive  practices over the Internet. In addition, tax authorities in a
number  of  states  are  currently  reviewing  the  appropriate tax treatment of
companies engaged in Internet commerce. New state tax regulations may subject us
to  additional  state  sales,  use,  and  income  taxes. Because our business is
dependent  on  the  Internet,  the  adoption of any such laws or regulations may
decrease  the  growth  of  Internet usage or the acceptance of Internet commerce
that  could, in turn, decrease the demand for our services and increase costs or
otherwise have a material adverse effect on our business, results of operations,
and  financial  condition.  To  date, we have not spent significant resources on
lobbying  or  related government affairs issues, but we may need to do so in the
future.


ITEM  2.     DESCRIPTION  OF  PROPERTY.

     Wilmington  Rexford  and  its  Subsidiary E-Trend Networks, Inc. have their
principal  executive  offices  located at 3753 Howard Hughes Parkway, Suite 200,
Las  Vegas,  Nevada  89109.


ITEM  3.     LEGAL  PROCEEDINGS.

Wilmington  Rexford, Inc. a Delaware Corporation has no direct legal proceedings
as  of  this  date.

E-Trend Networks is currently in the following legal disputes:

1.   CNET  Networks  VS  E-Trend  Networks,  Inc.
     a.   Alberta  Court  of  Queens  Bench  Action  No.  0301-10422
     b.   Action  began  on  July  24,  2003
     c.   CNET  Networks,  Inc.  and  My  Simon,  Inc. VS E-Trend Networks, Inc.
     d.   This is a dispute over advertising billing for internet click-throughs
          from  the  CNET  My Simon site to our EntertainMe.com internet portal.
          E-Trend  is  disputing  the  $42,500  USD  claim  by  CNET  for  their
          advertising  billing  resulting from a series of click-throughs, which
          E-Trend  claims  did  not  happen  and  the  billing  is  fraud.
     e.   $42,500  USD  is  the  amount  of  relief.

2.   StormWorks,  Inc.  VS  E-Trend  Networks,  Inc.
     a.   Alberta  Small  Claims  court
     b.   Court  Decision  in  Februrary  2003.
     c.   StormWorks,  Inc.  VS  E-Trend  Networks,  Inc
     d.   Stormworks  sued  E-Trend  Networks  for  monies  owed  as a result of
          hosting  and  programming  expense.
     e.   The  amount  of  this  judgment  is  $10,000  CDN.


ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

     None.

<PAGE>
                                     PART II

ITEM  5.     MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

     Our  common  stock  has been trading on the over-the-counter bulletin board
("OTCBB") under the symbol "WREX" Since February 20, 2002   The common stock was
first  listed  on  June  9, 1998 under the symbol "MNGD".  From March 1, 1999 to
February  22,  2001,  the stock traded under the symbol "CULE" and from February
22,  2001 to February 20, 2002 the stock traded under the symbol of "ETDN".  The
following  table  sets  forth  the range of high and low bid quotations for each
fiscal  quarter  for  the  last  two  fiscal  years.  These  quotations  reflect
inter-dealer  prices  without  retail mark-up, mark-down, or commissions and may
not  necessarily  represent  actual  transactions.

     FISCAL QUARTER ENDING                   HIGH BID     LOW BID

     December  31,  2001                     $  1.85      $  0.72
     March  31,  2002                        $  0.91      $  0.26
     June  30,  2002                         $  0.47      $  0.22
     September  30,  2002                    $  0.29      $  0.10
     December  31,  2002                     $  0.02      $  0.02
     March  31,  2003                        $  0.03      $  0.03
     June  30,  2003                         $  0.03      $  0.03
     September  30,  2003                    $  0.03      $  0.03

     On  February  13,  2004, the closing price for the common stock was $0.0265

     As  of  September  30,  2003,  there  were 223 record holders of our common
stock.  Since  our inception, no cash dividends have been declared on our common
stock.


ITEM  6.     MANAGEMENT'S  DISCUSSION  ANALYSIS  AND  PLAN  OF  OPERATION.

OVERVIEW
--------

     On December 26th, 2001, an agreement was reached whereby a new organization
and management team led byeAngels Equity, LLC would acquire controlling interest
in  E-Trend  Networks, Inc.  Effective February 19, 2002, we changed our name to
Wilmington  Rexford,  Inc.,  in  an  effort  to  properly reflect changes in our
business focus. Concurrent with the name change, we announced our plans to focus
our  operations  on  venture  development,  a  business  model predicated on the
acquisition,  financing,  and  management  of  a  diverse  portfolio  of related
businesses.

     In  the  first  quarter  of  2002,  in  relation  to the proposed change in
controlling  shareholder,  we  received a debt financing commitment from eAngels
Equity,  LLC  for  up  to  $1,000,000. The notes carried an interest rate of ten
percent  and  have  a  provision allowing for deferral of interest payments. The
notes  can  be exchanged at any time for WREX common stock. The number of shares
issued  will  be  calculated  by  dividing  the  principal amount of notes to be
exchanged  by  the  exercise  price  of the common stock. Of the $1,000,000 debt
financing  commitment,  Wilmington  Rexford, Inc. utilized $731,795.77 up to and
December  24,  2002.  The  net  proceeds  were used to increase liquidity, repay
debt,  and  for  other  general  working  capital  and  corporate  purposes.

     On  December  24, 2002, Wilmington Rexford and eAngels EquiDebt Partners V,
LLC  agreed  to  an  exchange of $200,000 of its $731,795.77 aggregate principal
amount  of  outstanding  debt securities, in a private placement for WREX common
stock.  On  December  24,  2002,  $200,000 was validly tendered and accepted for
exchange.  This  will reduce Wilmington Rexford's total debt by $200,000. On the
basis  of  then  current  trading price for WREX common stock, 10,000,000 shares
were  issued  to  eAngels  EquiDebt Partners V, LLC, which is managed by eAngels
Equity,  LLC  as consideration for the exchange and subsequent reduction in debt
securities.  On  the  basis  of  then  current outstanding amount of WREX common
stock, the shares issued represented approximately 66 percent of the WREX common
stock  on  a  fully  diluted  basis.

     Following  the  issuance  of  approximately  10,000,000  shares  to eAngels
EquiDebt Partners V, LLC, which is managed by eAngels Equity, LLC in relation to
the  conversion  of  $200,000  in  debt securities to WREX common stock, eAngels
EquiDebt Partners V, LLC holds a majority of WREX's total issued and outstanding
common  shares,  and  is  thus  deemed our controlling and majority shareholder.

     During  the  year ended September 30, 2003, the Company owed $268,107.54 to
eAngels  EquiDebt  Partners  V, LLC. against the $1,000,000 financing debenture.
These  notes bear interest at 10% per year and are due on July 1, 2004.  For the
year  ended  September  30,  2003, interest expense related to notes outstanding
during  the  year  totaled  $60,563.

     In  the  Fiscal  first  and second Quarter of 2004 (October 2003 - February
2004)  Wilmington  Rexford  has  been  undergoing  some  serious  financial
restructuring  to  help  stop  the  cash  burn  due  to  continued  money losing
operations.  On  February  13,  2004  Wilmington Rexford entered into a complete
reorganization  plan  and  acquisition  of a Chinese based company. The terms of
this  new  plan  will  provide  for  full  payment of all outstanding Wilmington
Rexford  debts  and  allow  E-Trend Networks, Inc. to spin off and continue as a
separate  public  company.


CRITICAL ACCOUNTING POLICIES AND ESTIMATES

     Our  discussion  and  analysis  of  our  financial condition and results of
operations are based upon our condensed consolidated financial statements, which
have  been  prepared in accordance with accounting principles generally accepted
in  the United States of America.  The preparation of these financial statements
requires  us to make estimates and judgments that affect the reported amounts of
assets,  liabilities,  revenues  and  expenses,  and  related  disclosures  of
contingent  assets  and  liabilities.  On  an  ongoing  basis,  we  evaluate our
estimates,  including  those related to impairment of long-lived assets. We base
our  estimates on historical experience and on various other assumptions that we
believe  to be reasonable under the circumstances, the results of which form the
basis  for  making  judgments about the carrying value of assets and liabilities
that  are  not  readily  apparent from other sources.  Actual results may differ
from  these  estimates  under  different  assumptions or conditions; however, we
believe  that  our estimates, including those for the above-described items, are
reasonable.

IMPAIRMENT  OF  LONG-LIVED  ASSETS.

     Our  long-lived assets include property, equipment and goodwill.  We assess
impairment  of  long-lived  assets  whenever changes or events indicate that the
carrying value may not be recoverable. In performing our assessment we must make
assumptions regarding estimated future cash flows and other factors to determine
the fair value of the respective assets. If these estimates change in the future
we may be required to record impairment charges against these respective assets.

STOCK BASED COMPENSATION.

     Options  granted  to  employees  under  the Company's Stock Option Plan are
accounted for by using the intrinsic method under APB Opinion 25, Accounting for
Stock  Issued  to  Employees (APB 25). In October 1995, the Financial Accounting
Standards  Board  issued  Statement  No.  123,  Accounting  for  Stock-Based
Compensation  (SFAS123),  which  defines a fair value based method of accounting
for  stock options. The accounting standards prescribed by SFAS 123 are optional
and  the  Company has continued to account for stock options under the intrinsic
value  method  specified  in  APB  25.

RESULTS  OF  OPERATIONS

     FISCAL  YEARS  ENDED SEPTEMBER 30, 2003 AND 2002.  We experienced a nominal
decrease  in  revenues  for  the  year  ended  September 30, 2003 as compared to
previous  fiscal year.  The decrease is primarily due to decreased unit sales of
the  Company's  EntertainMe.com  website.  The decrease, both as a percentage of
revenues and in absolute dollars, was primarily attributable to the reduction of
the  Company's  advertising  campaign  consistent  with cost cutting initiatives
implemented  during  earlier  periods.  Sales  for  the  2003  fiscal  year were
$1,517,822,  compared  to  $2,014,696  for  the  2002  fiscal  year.

     Gross  profit  was  $345,232  and  $364,767  for  the  twelve  months ended
September  30,  2003  and  2002,  respectively, representing a decrease of 5.3%.
Gross margin increased to 22.7% from 18.1% for the year ended September 30, 2003
as  compared  to  the  previous fiscal year. Decrease in the absolute dollars of
gross  profit  for the twelve month period correspond with the decrease in sales
revenue  but  the  increase  in  gross  margin  is  due  to  improvements  in
transportation  and  inventory management, improved product sourcing, suspension
of  the Company's discount reward program, as well as increased product sales of
VHS  movies  and  DVD videos, through the EntertainMe.com website, which carry a
higher  gross  profit  margin.

     Operating  expenses  decreased  to  $757,189  for the 2003 fiscal year from
$1,247,727  for  the 2002 fiscal year, representing 49.8% and 61.9% of net sales
for  the corresponding periods, respectively. The decline in absolute dollars of
operating  expenses  for  the  twelve month period correspond with the Company's
operational  restructuring plan, which reduced the number of headcount positions
in  finance  and administration within the Company, a reduction in our marketing
budget,  website  development  expenditures,  technology  and  operating
infrastructure  expenditures

     Net  loss was $460,465 and $1,115,911 for the twelve months ended September
30,  2003 and 2002, respectively, a decrease of58.7%.The improvement in net loss
in  comparison  with  the  prior  year  was  primarily  due  to increases in the
Company's  gross  profit  margin,  and  decline  in  marketing,  technology, and
administrative-related  expenditures.  In  addition  to the net loss of $460,465
there  was also a one time write-down of Goodwill amounting to additional losses
of$135,638  and  a  foreign  currency  translation  adjustment  of  $26,953. The
company's  total  comprehensive  loss  was  $623,056  or  $0.05  per  share.

     Although  the  Company  incurred  significant losses prior to the Company's
announced  strategic  shift  in  business  model,  the  Company  initiated  a
restructuring  plan  in  December  2001,  instigated by the new management team,
which  encompassed  a  series  of  cost-cutting initiatives. Consistent with our
plan, we intended to reduce our marketing budget, our discount program, web site
development activities, and technology and operating infrastructure development.
Furthermore,  a  series  of  operating  expenses pertaining to the Company's new
business model and associated costs have been accounted for, and expensed during
the  current  year.

LIQUIDITY  AND  CAPITAL  RESOURCES

     On  September  30,  2003,  the  Company  had  a  working capital deficit of
$358,389 compared to a deficit of $609,619 on September 30, 2002, an decrease of
41.2% over the comparable period. Our cash and cash equivalents balance was $526
and  $26,262,  a  decrease  of  97.7%.

     Our  operations  provided  cash  of  $212,250  for the 2003 fiscal year, as
compared to using cash of $587,615 for the previous fiscal period.  We also used
$2,159  for  the purchase of property and equipment, as compared to using $8,730
in  fiscal  2002 for the purchase of property and equipment.  We repaid $235,827
against  the  Note  Debentures  during  the  2003  fiscal  year  to our majority
shareholder,  eAngels  EquiDebt  Partners  V  LLC,  as compared to having raised
$672,206  during  fiscal  2002.  In  connection  with  these  debentures, we had
advances  of  $128,110  to  related  parties  during  the  fiscal  year.

     The  accompanying  consolidated  financial statements have been prepared in
conformity with accounting principles generally accepted in the United States of
America,  which  contemplates  continuation  of  the Company as a going concern.
Going  concern  assumes  that  the  Company  will continue in operations for the
foreseeable  future  and  will  be  able to realize its assets and discharge its
liabilities  in  the  normal  course  of  operations.

     The  Company  has  incurred  substantial operating losses and negative cash
flows  from  operations  from inception through September 30, 2003.   Due to the
serious  financial condition at September 30, 2003 negotiation immediately began
to  provide  Wilmington  Rexford with the ability to pay down its debts and stop
the  negative cash flow.  The moves made in the first quarter and second quarter
of  fiscal  2004 have positioned Wilmington Rexford and its shareholders for the
opportunity  at  a  continued  shareholding  in and newly reorganized Wilmington
Rexford,  Inc.  after  the acquisition has been completed and also a independent
shareholding  in  a  reorganized independent E-Trend Networks as it spins out as
part  of  the  reorganization  plan.

     There  is  no assurance that this reorganization will be completed, but the
company and its officers and directors are moving aggressively toward a closing.
Our  failure  to  complete  this  reorganization  could  result  in delay or the
indefinite  postponement  of  attaining  profitability, and the possible loss of
your  entire  investment.

PLAN  OF  OPERATION

     After  years  of unprofitable operations for both Langara Entertainment and
EntertainMe.com  owned  by  our  wholly owned subsidiary, E-Trend Networks, Inc.
has  exchanged  its  operating  assets  for non-controlling equity stakes in two
related party operations (Langara Group, Inc. and Fly.com, Inc.), which have the
financial  means necessary to continue the operations through profitability thus
resulting  in  a  value  for  the  company  and  its  shareholders.

     After  these  two  agreements  were completed, which released the financial
pressure  of  having  to  continue  to finance the operating losses in difficult
market  conditions;  Wilmington Rexford continued its fiscal 2004 reorganization
plan by completing an agreement with China Merchants DiChain Investment Holdings
Limited  in  order to acquire one of their operating companies and bring in some
additional  financing  for  this  new  acquisition.

     On  February  13th,  2004  Wilmington  Rexford  and  its board of directors
finalized  its  financial  restructuring  plan by agreeing and executing a share
exchange  agreement  whereby  the  operations  of  Wilmington  Rexford  will  be
reorganized  on  a  go  forward  basis  as  follows:

1.   E-Trend  Networks,  Inc.,  wholly  owned  subsidiary  will be spun out as a
     dividend  to  the  shareholders  on  a  1  for  1 share basis. E-Trend will
     continue  its  operations  as  a  separate company with its own independent
     management. The company will continue exploring future additional eCommerce
     opportunities  as  well as added liquidity events for its stakes in Langara
     Group,  Inc.  and  Fly.com,  Inc.

2.   Wilmington  Rexford,  Inc.,  will  acquire  one of the Chinese subsidiaries
     controlled  by  China  Merchant  DiChain  Investment  Holdings  Limited. At
     closing  of  this  transaction  a  new  management  team will take over the
     operations  of Wilmington Rexford. This acquisition will also provide for a
     20-1  reverse  stock  split  for  the  Wilmington  Rexford  Shares.

     There is no assurance that this deal will close which could result in delay
or the indefinite postponement of attaining profitability, and the possible loss
of  your  entire  investment.

FORWARD-LOOKING STATEMENTS

     Certain  statements  in  this  Annual  Report  on  Form  10-KSB, as well as
statements  made by the company in periodic press releases, oral statements made
by  the  company's  officials  to  analysts  and  shareholders  in the course of
presentations  about the company, constitute "forward-looking statements" within
the  meaning  of  the  Private  Securities  Litigation Reform Act of 1995.  Such
forward-looking  statements  involve known and unknown risks, uncertainties, and
other  factors that may cause the actual results, performance or achievements of
the  company  to be materially different from any future results, performance or
achievements  expressed  or  implied  by  the  forward looking statements.  Such
factors  include,  among  other  things,  (1)  general  economic  and  business
conditions;  (2)  interest  rate changes; (3) the relative stability of the debt
and  equity  markets;  (4)  competition; (5) demographic changes; (6) government
regulations  particularly  those  related  to  Internet  commerce;  (7) required
accounting changes;  (8) equipment failures, power outages, or other events that
may  interrupt  Internet  communications;  (9)  disputes or claims regarding the
company's proprietary rights to its software and intellectual property; and (10)
other  factors  over  which  the  company  has  little  or  no  control.


ITEM  7.     FINANCIAL STATEMENTS.

To the Board of Directors and Stockholders:
Wilmington  Rexford,  Inc.
3753 Howard Hughes Parkway
Suite  200
Las  Vegas,  Nevada  89109

     We  have  audited the accompanying consolidated balance sheet of Wilmington
Rexford,  Inc. (a Delaware corporation) as of September 30, 2003 and the related
consolidated  statements of operations, stockholders' equity (deficit), and cash
flows  for  the  year  ended  September  30,  2003. These consolidated financial
statements  are  the  responsibility  of  the  Company's  management.  Our
responsibility  is  to  express  an  opinion  on  these  consolidated  financial
statements  based  on  our  audit.

     We  conducted  our  audit  in  accordance with auditing standards generally
accepted  in  the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements  are free from material misstatement. An audit includes examining, on
a  test  basis,  evidence  supporting  the  amounts  and  disclosures  in  the
consolidated  financial  statements.  An  audit  also  includes  assessing  the
accounting principles used and significant estimates made by management, as well
as  evaluating the overall financial statement presentation. We believe that our
audit  provides  a  reasonable  basis  for  our  opinion.

     In  our  opinion, the consolidated balance sheet referred to above presents
fairly,  in  all  material  respects,  the  consolidated  financial  position of
Wilmington  Rexford,  Inc.  as  of  September  30,  2003  and the results of its
consolidated  operations  and  its  consolidated  cash  flows for the year ended
September  30, 2003, in conformity with accounting principles generally accepted
in  the  United  States  of  America.

     The  accompanying  consolidated  financial  statements  have  been prepared
assuming  the Company will continue as a going concern. The Company has suffered
recurring  losses  and  has  yet  to  generate an internal cash flow that raises
substantial doubt about its ability to continue as a going concern. Management's
plans  in  regard  to  these  matters  are described in Note 2. The consolidated
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.



/s/ Bongiovanni  &  Associates,  CPA's
--------------------------------------
Bongiovanni  &  Associates,  CPA's
Charlotte,  North  Carolina
February  13,  2004


<PAGE>

INDEPENDENT  AUDITORS'  REPORT
------------------------------


To  the  Board  of  Directors  and  Stockholders
Wilmington  Rexford,  Inc.  (f/k/a  E-Trend  Networks,  Inc.)
Miami  Beach,  Florida

     We  have audited the accompanying consolidated statements of operations and
comprehensive  loss,  changes  in  stockholders'  equity,  and  cash  flows  of
Wilmington Rexford, Inc. and Subsidiaries (f/k/a E-Trend Networks, Inc.) for the
year ended September 30, 2002. These financial statements are the responsibility
of  the  Company's  management.  Our  responsibility is to express an opinion on
these  financial  statements  based  on  our  audit.

     We  conducted  our  audit  in  accordance with auditing standards generally
accepted  in  the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements  are free of material misstatement. An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audit  provides  a
reasonable  basis  for  our  opinion.

     In  our  opinion,  the  consolidated financial statements referred to above
present  fairly,  in  all  material respects, the results of operations and cash
flows  of  Wilmington  Rexford,  Inc.  and Subsidiaries (f/k/a E-Trend Networks,
Inc.)  for  the  year  ended  September  30, 2002, in conformity with accounting
principles  generally  accepted  in  the  United  States  of  America.

     The  accompanying  consolidated  financial  statements  have  been prepared
assuming that the Company will continue as a going concern. As discussed in Note
2,  the  Company  has  incurred  substantial losses and negative cash flows from
operations since inception. In the absence of achieving positive cash flows from
operations  or  obtaining  additional  debt or equity financing, the Company may
have difficulty meeting obligations. These factors raise substantial doubt about
the  Company's  ability  to  continue as a going concern. Management's plans are
also  discussed  in  Note  2.  The  financial  statements  do  not  include  any
adjustments relating to the recoverability of recorded assets, or the amounts of
liabilities that might be necessary in the event the Company can not continue in
existence.



/s/ KAUFMAN,  ROSSIN  &  CO.,  P.A.
-----------------------------------
KAUFMAN,  ROSSIN  &  CO.,  P.A.
Miami,  Florida
December  27,  2002



<TABLE>
<CAPTION>

WILMINGTON REXFORD, INC. AND SUBSIDIARIES
CONSOLIDATED  BALANCE  SHEET
September  30,  2003
================================================================================
<S>                                                                   <C>

ASSETS
------

CURRENT ASSETS
   Cash                                                               $      526
   Accounts receivable, net of allowances of $ -0-                        24,926
                                                                      ----------
      Total current assets                                                25,452

PROPERTY AND EQUIPMENT, net of accumulated
  depreciation of $293,445                                               165,246

ADVANCES DUE FROM RELATED PARTIES                                        128,110

         TOTAL ASSETS                                                 $  318,808
                                                                      ==========

LIABILITIES AND STOCKHOLDER'S DEFICIT
-------------------------------------

CURRENT LIABILITIES
   Accounts payable and accrued liabilities                           $  440,754
   Notes payable - related parties                                       236,443
                                                                      ----------
      Total current liabilities                                          677,197
                                                                      ----------

STOCKHOLDERS' DEFICIT
   Preferred stock, par value $0.0001 per share,
     1,000,000 shares authorized, zero issued and outstanding                  -
   Common stock, par value $0.0001 per share,
     20,000,000 shares authorized, 15,196,035 issued
     and outstanding                                                     820,843
   Additional paid-in capital                                          3,800,406
   Accumulated other comprehensive loss                                   (7,772)
   Retained deficit                                                   (4,971,866)
                                                                      ----------
      Total stockholders' deficit                                     (  358,389)
                                                                      ----------

         TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                  $  318,808
                                                                      ==========

</TABLE>


                        See accompanying notes - Audited.
                        ---------------------------------

<TABLE>
<CAPTION>

WILMINGTON REXFORD, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED SEPTEMBER 30, 2003 AND 2002
================================================================================
<S>                                                   <C>             <C>

                                                         2003            2002
                                                      ----------      ----------

SALES                                                $ 1,517,822     $ 2,014,696

COST OF SALES                                          1,172,590       1,649,929
                                                      ----------      ----------

GROSS PROFIT                                             345,232         364,767

   Operating expenses                                   (757,189)     (1,247,727)
   Depreciation and amortization                         (98,672)       (115,417)
   Interest and other (expense) income, net               50,164        (117,534)
                                                      ----------      ----------

      NET LOSS                                       $  (460,465)    $(1,115,911)
                                                      ==========      ==========

OTHER COMPREHENSIVE LOSS
   Unrealized gain on investment                     $         -     $    13,845
   Write down due to impairment of goodwill             (135,638)              -
                                                      ----------      ----------
   Foreign currency translation adjustment               (26,953)          2,151
                                                      ----------      ----------

COMPREHENSIVE (LOSS)                                 $  (623,056)    $(1,099,915)
                                                      ==========      ==========

Net (loss) per share, basic and fully diluted        $     (0.05)    $     (0.21)
                                                      ==========      ==========

Weighted average common shares outstanding,
basic and fully diluted                               12,730,282       5,212,657
                                                      ==========      ==========

</TABLE>


                        See accompanying notes - Audited.
                        ---------------------------------

<TABLE>
<CAPTION>


WILMINGTON REXFORD, INC. AND SUBSIDIARIES
CONSOLIDATED  STATEMENT  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY  (DEFICIT)
FOR  THE  YEARS  ENDED  SEPTEMBER  30,  2003  AND  2002
====================================================================================================================
<S>          <C>     <C>     <C>         <C>           <C>          <C>     <C>           <C>          <C>

              Common Stock   Additional  Advance due   Deferred             Unrealized    Cumulative   Total
                             Paid-in     From Related  Stock Based  Deficit Gain (Loss)   Translation  Stockholders'
             --------------                                                                            Equity
             Number  Amount  Capital     Party         Compensation         On Investment Adjustment  (Deficit)
             --------------  ----------  ------------  ------------ ------- ------------- -----------  -------------

BALANCES   5,212,702 $842,643 $3,601,406  $(22,800)    $(183,008)  $(3,232,899) $(13,845) $(36,876)    $954,621
- SEPTEMBER
30, 2001

Amortization       -        -          -         -       183,008             -         -         -      183,008
of deferred
stock-based
compensation

Return of    (16,667) (22,800)         -   $22,800             -             -         -         -            -
stock and
forgiveness
of note
receivable

Net loss for
the year           -        -          -         -             -    (1,115,911)        -         -   (1,115,911)

Change in          -        -          -         -             -             -    13,845         -       13,845
Unrealized
loss on
investment

Foreign            -        -          -         -             -             -         -     2,151        2,151
Currency
Translation
Adjustment

--------------------------------------------------------------------------------------------------------------------

BALANCES   5,196,035 $819,843 $3,601,406   $     -     $       -   $(4,348,810) $      -  $(34,725)    $ 37,714
- SEPTEMBER
30, 2002

Issuance  10,000,000    1,000    199,000         -             -             -         -         -      200,000
of shares
for exchange
of note payable
to stockholder

Net loss for       -        -          -         -             -      (623,056)        -         -     (623,056)
the year

Foreign            -        -          -         -             -             -         -    26,953       26,953
currency
translation
adjustment
--------------------------------------------------------------------------------------------------------------------

BALANCES
- SEPTEMBER
30, 2003  15,196,035 $820,843 $3,800,406   $     -     $       -   $(4,971,866) $      -  $ (7,772)    (358,389)

</TABLE>


                        See accompanying notes - Audited.
                        ---------------------------------

<TABLE>
<CAPTION>

WILMINGTON REXFORD, INC. AND SUBSIDIARIES
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
FOR  THE  YEARS  ENDED  SEPTEMBER  30,  2003  AND  2002
================================================================================
<S>                                                   <C>             <C>

                                                         2003            2002
                                                      ----------      ----------


CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                                          $  (623,056)    $(1,115,911)
                                                      ----------      ----------
   Adjustments to reconcile net loss to net
   cash used in operating activities:
      Depreciation and amortization                       98,672         115,417
      Amortization of deferred stock
        -based compensation                                    -         183,008
      Impairment to goodwill                             135,638               -
      Loss on investment                                       -         118,320
      Cumulative translation adjustment                   26,953           1,414
   Changes in operating assets and liabilities:
      Accounts receivable                                 (7,496)         29,653
      Due from related parties                           121,890         229,978
      Inventory                                          247,793         (18,473)
      Prepaid expenses and other current assets            1,590          45,712
      Accounts payable and accrued liabilities           210,266        (176,733)
                                                      ----------      ----------
         Total adjustments                               835,306         528,296
                                                      ----------      ----------
         Net cash provided by (used in)
         operating activities                            212,250        (587,615)
                                                      ----------      ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Net repayments from related party                           -         166,349
   Loans to related parties                                    -        (224,655)
   Purchases of property and equipment                    (2,159)         (8,730)
                                                      ----------      ----------
         Net cash provided by (used in)
         investing activities                             (2,159)        (67,036)
                                                      ----------      ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from (repayments on) notes payable          (235,827)        672,206
     - related parties
   Net (repayments) borrowings on line of credit               -        (103,817)
     facility
                                                      ----------      ----------
         Net cash provided by (used in)                 (235,827)        568,389
         financing activities
                                                      ----------      ----------

NET (DECREASE) IN CASH                                   (25,736)        (86,262)

CASH AT BEGINNING OF PERIOD                               26,262         112,524
                                                      ----------      ----------

CASH AT END OF PERIOD                                $       526     $    26,262
                                                      ==========      ==========

Supplemental Disclosures:

   Interest paid                                     $         -     $     5,753
                                                      ==========      ==========
   Income taxes paid                                 $         -     $         -
                                                      ==========      ==========

Supplemental Disclosures of Non-cash
Investing and Financing Activities:
   Sale of investment to related
     party in exchange for note                                -          25,345

   Issuance of 10,000,000 shares of
     common stock in exchange for a $200,000
     reduction to its note payable-stockholder       $   200,000     $         -
                                                      ==========      ==========

</TABLE>



WILMINGTON  REXFORD,  INC.  AND  SUBSIDIARIES
NOTES  TO  CONSOLIDATED  AUDITED  FINANCIAL  STATEMENTS
SEPTEMBER  30,  2003  AND  2002
================================================================================

NOTE  1.     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

CONSOLIDATION

The consolidated audited financial statements include the accounts of Wilmington
Rexford,  Inc.  (Parent)  and its wholly owned subsidiary E-Trend Networks, Inc.
(E-Trend)  and  E-Trend's  wholly  owned  subsidiary Langara Entertainment, Inc.
(Langara)  (collectively  "the  Company")  prepared  under  the accrual basis of
accounting.  All  significant  intercompany  balances and transactions have been
eliminated  in  consolidation.

BUSINESS  ACTIVITY

The  Company  was  incorporated  on June 17, 1996 under the laws of the State of
Colorado and changed its domicile in February 2001 to the State of Delaware. The
Company  targets  investment  opportunities  in industries with the potential to
achieve  significant capital appreciation. E-Trend was incorporated on April 29,
1999  under  the  laws  of  the  State of Nevada and is an online "entertainment
superstore", specializing in the sale of movies, music, and electronics. Langara
was  incorporated  on  June  28,  1999 under the laws of the Province of Alberta
Canada  and  manages  an  inventory  of  popular music and movie titles. Langara
offers  business-to-business  fulfillment  services  to  electronic  commerce
companies  and  third  party e-commerce partners, as well as providing wholesale
services  to  the  brick  and  mortar  retailers.

RECEIVABLES

Accounts  receivable  are uncollateralized customer obligations due under normal
trade  terms.  The  carrying  amount  of  accounts  receivable  is reduced by an
allowance  that reflects management's best estimate of the amounts that will not
be collected.  Management individually reviews all notes receivable and accounts
receivable  balances  and  based  on  an assessment of current creditworthiness,
estimates  the  portion,  if  any,  of  the  balance that will not be collected.

REVENUE  RECOGNITION

Revenues  derived  from product sales are recognized on delivery of the product.
Wholesale  sales  are  subject to potential returns by the customer; however any
such  returns  can  be passed back to the Company's supplier. Sales returns from
retail  customers are not significant.  Revenue includes shipping charges billed
to  customers,  which  charges  are  based substantially on third-party shipping
costs  incurred.

The Company derives revenues from providing consulting services to entities that
are  related  by  virtue of common control.  The Company recognizes revenue from
these  services at such time the entity receiving the service has the ability to
pay  from  funds  generated from operations or received from independent sources
and  collection  is  reasonably assured.  No revenue has been recognized for any
period  presented.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

PROPERTY  AND  EQUIPMENT

Property  and  equipment is recorded at cost. Expenditures for major betterments
and additions are charged to the asset accounts, while replacements, maintenance
and  repairs  which do not extend the lives of the respective assets are charged
to  expense  currently.

Long-lived  assets  are  reviewed  for  impairment whenever events or changes in
circumstances  indicate  that the carrying amount may not be recoverable. If the
sum  of  the  expected  future undiscounted cash flows is less than the carrying
amount  of  the  asset, a loss is recognized for the difference between the fair
value  and  carrying  value  of  the  asset.

DEPRECIATION  AND  AMORTIZATION

Depreciation  of  property  and  equipment  is  computed using the straight-line
method over the estimated useful lives of the assets.  Amortization of leasehold
improvements  and  property  under capital leases is computed on a straight-line
basis  over  the shorter of the estimated useful lives of the assets or the term
of  the  lease.  The  range  of  useful  lives  is  between  3  and  10  years.

INCOME  TAXES

The  Company  accounts  for  income  taxes  according  to Statement of Financial
Accounting Standards No. 109, which requires a liability approach to calculating
deferred  income  taxes.  Under  this method, the Company records deferred taxes
based on temporary differences between the tax bases of the Company's assets and
liabilities  and  their  financial  reporting  bases.  A  valuation allowance is
established when it is more likely than not that some or all of the deferred tax
assets  will  not  be  realized.

STOCK  BASED  COMPENSATION

Options granted to employees under the Company's Stock Option Plan are accounted
for  by  using  the  intrinsic method under APB Opinion 25, Accounting for Stock
Issued  to  Employees  (APB  25).  In  October  1995,  the  Financial Accounting
Standards  Board  issued  Statement  No.  123;  Accounting  for  Stock-Based
Compensation  (SFAS  123), which defines a fair value based method of accounting
for  stock options. The accounting standards prescribed by SFAS 123 are optional
and  the  Company has continued to account for stock options under the intrinsic
value  method  specified  in  APB  25.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS

Statement  of  Financial  Accounting  Standards No. 107, "Disclosures about Fair
Value  of  Financial  Instruments"  requires that the Company disclose estimated
fair  values  for  its  financial  instruments.  The  following  methods  and
assumptions were used by the Company in estimating the fair values of each class
of  financial  instruments  disclosed  herein:

     Cash  -  The  carrying  amount approximates fair value because of the short
     maturity  of  those  instruments.

     Notes  payable  -  The  fair  value  of  notes  payable are estimated using
     discounted cash flows analyses based on the Company's incremental borrowing
     rates  for  similar types of borrowing arrangements. At September 30, 2003,
     the  fair  value  approximates  the  carrying  value.

     Advances  due  from  related  parties - The fair value of advances due from
     related  parties  are  determined  by  calculating the present value of the
     instruments  using  a  current  market  rate of interest as compared to the
     stated  rate of interest and giving effect for the right to offset with the
     note  payable  to stockholder in the event of non-performance. At September
     30,  2003,  the  fair  value  approximates  the  carrying  value.

GOODWILL

In  connection  with  its  acquisition of Langara effective January 1, 2000, the
Company recorded goodwill of $200,000, which is the excess of the purchase price
over  the  fair  value of the net assets acquired. The acquisition was accounted
for  by  the  purchase  method.  The  Company evaluated the underlying facts and
circumstances related to the acquisition in establishing the amortization period
for  the  related  goodwill. The goodwill was being amortized on a straight-line
basis  over  10 years until certain provisions of Financial Accounting Standards
No.  142  (SFAS  142)  were  implemented  on  October  1,  2002.

SFAS  142  was  effective  for  fiscal  years beginning after December 15, 2001,
except  goodwill and intangible assets acquired after June 30, 2001 were subject
immediately  to  the  non-amortization  and  amortization  provisions  of  this
Statement.  Under  the  new rules, goodwill and intangible assets deemed to have
indefinite  lives  are  no longer amortized but are subject to annual impairment
tests  in  accordance with the Statement. Other intangible assets continue to be
amortized  over  their  useful  lives.  The  Company  adopted SFAS 142 effective
October  1,  2002.  Management  has reviewed the goodwill balance and determined
that  the Company does not have any amounts that are required to be reclassified
from  goodwill  to  identifiable  intangibles,  or  vice  versa. The Company has
completed  the transitional goodwill impairment test and has determined that the
Company  had  a transitional impairment of goodwill in fiscal 2003 in the amount
of  $135,638,  with  zero  value.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

CONCENTRATION  OF  REVENUE

Revenues from VHQ Entertainment, Inc. (VHQ), a former shareholder, accounted for
approximately  28%  of  total  revenue for the year ended September 30, 2003 and
approximately  42%  of  total  revenue for the year ended September 30, 2002. In
addition,  another  customer  accounted for approximately 16% of revenue for the
year  ended  September  30,  2002.  At  September  30,  2003,  VHQ accounted for
approximately  17%  of  the  total  accounts  receivable  balance.

NET  LOSS  PER  SHARE

The  Company  applies  Statement  of  Financial  Accounting  Standards  No. 128,
"Earnings  Per Share" (FAS 128) which requires dual presentation of net earnings
(loss)  per  share:  Basic  and  Diluted.  Basic  earnings  (loss) per share are
computed  using  the weighted average number of common shares outstanding during
the  period.  Diluted  earnings per share is computed using the weighted average
number of common shares outstanding during the period adjusted for the effect of
dilutive  outstanding  options  and  warrants.  Outstanding  stock  options  and
warrants were not considered in the calculation of diluted net loss per share as
their  effect  was  anti-dilutive.

SEGMENT  REPORTING

The Company applies Financial Accounting Standards Boards ("FASB") statement No.
131,  "Disclosure  about Segments of an Enterprise and Related Information". The
Company  has  considered  its  operations and has determined that it operates in
three  operating  segments  for purposes of presenting financial information and
evaluating  performance.  The  Parent  targets  investment  opportunities, while
E-Trend  and  Langara  are  retail  and  wholesale distributors of entertainment
products,  respectively.  As such, the accompanying financial statements present
information  in  a format that is consistent with the financial information used
by  management  for  internal  use.

USE  OF  ESTIMATES

The preparation of financial statements in conformity 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  disclosure of contingent assets and liabilities at the date of
the  financial  statements  and  the  reported  amounts of revenues and expenses
during  the respective reporting period.  Actual results could differ from those
estimates.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

FOREIGN  CURRENCY  TRANSLATION

The  functional  currency  of  E-Trend  and  Langara  is  the  Canadian  dollar.
Accordingly all assets and liabilities are translated into United States dollars
at  the  year-end  exchange  rate  and  revenues  and expenses are translated at
average  exchange  rates.  Gains  and losses arising from the translation of the
financial  statements  of  the Company are recorded in a "Cumulative Translation
Adjustment"  account  in  stockholders'  equity.

Transactions  denominated  in  other than Canadian dollars are translated at the
exchange  rate  on  the  transaction  date.  Monetary  assets  and  liabilities
denominated  in  other than Canadian dollars are translated at the exchange rate
in effect on the balance sheet date.  The resulting exchange gains and losses on
these  items  are  included  in  operations.

CASH  AND  CASH  EQUIVALENTS

For  purposes  of  the  Statements  of  Cash Flows, the Company considers liquid
investments  with  an  original  maturity  of  three  months  or less to be cash
equivalents.

NEW  ACCOUNTING  PRONOUNCEMENTS

In  June  2001,  the  Financial  Board  issued Statement of Financial Accounting
Standards  ("SFAS") No. 143, "Accounting for Asset Retirement Obligations" which
addresses  the  accounting  and  reporting  for  obligations associated with the
retirement  of  tangible  long-lived assets and the associated retirement costs.
SFAS No. 143 requires that the fair value of a liability for an asset retirement
obligation  be  recognized in the period in which it is incurred if a reasonable
estimate  of  fair value cannot be made. SFAS No. 143 is effective for financial
statements  issued  for  fiscal years beginning after June 15, 2002. The Company
does  not  expect  SFAS  No.  143  to  have  a  material effect on its financial
condition  or  cash  flows.

In  April  of 2002, Statement of Financial Accounting Standards ("SFAS") No. 145
was  issued which rescinded SFAS Statements No. 4, 44 and 64, amended No. 13 and
contained  technical  corrections. As a result of SFAS No. 145, gains and losses
from  extinguishments  of debt will be classified as extraordinary items only if
they  meet  the  criteria  in  APB  Opinion  No.  30,  that they are unusual and
infrequent  and  not  part of an entity's recurring operations. The Company does
not  expect SFAS No. 145 to have a material effect on its financial condition or
cash  flows.  The  Company  will  adopt  SFAS  145  on  January  1,  2004.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

NEW  ACCOUNTING  PRONOUNCEMENTS(CONT.)

In  July  2002,  the  FASB  issued  SFAS 146, which addresses significant issues
regarding  the  recognition,  measurement,  and  reporting  of  costs  that  are
associated with exit and disposal activities, including restructuring activities
that  are  currently  accounted  for  pursuant to the guidance that the Emerging
Issues  Task  Force  ("EITF")  has  set forth in EITF Issue No. 94-3, "Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit an
Activity  (Including  Certain  Costs  Incurred  in  a  Restructuring)". SFAS 146
revises  the  accounting  for  certain  lease  termination  costs  and  employee
termination  benefits,  which  are  generally  recognized  in  connection  with
restructuring  charges.  The  provisions  of  SFAS 146 are effective for exit or
disposal activities that are initiated after December 31, 2002. The Company does
not  expect  SFAS 146 to have an impact its financial statements once adopted on
January  1,  2004.

In November 2002, the FASB issued Interpretation No. 45 ("FIN 45"), "Guarantor's
Accounting  and  Disclosure  Requirements  for  Guarantee,  Including  Indirect
Guarantees  or  Indebtedness  of  Others", which addresses the disclosures to be
made  by  a  guarantor  in its interim and annual financial statements about its
obligations  under  guarantees.  FIN  45  also  requires  the  recognition  of a
liability by a guarantor at the inception of certain guarantees that are entered
into  or  modified  after  December  31,  2002.

In  December  2002,  the  FASB  issued SFAS No. 148, "Accounting for Stock-Based
Compensation  - Transition and Disclosure - an amendment to SFAS No. 123" ("SFAS
No.  148"),  which  provides  alternative  methods  of  transition for companies
voluntarily  planning  on  implementing the fair value recognition provisions of
SFAS  No.  123.  SFAS No. 148 also revises the disclosure provisions of SFAS No.
123  to  require  more  promineI1t  disclosure  of  the method of accounting for
stock-based  compensation,  and requiring disclosure of pro forma net income and
earnings  per  share as if the fair value recognition provisions of SFAS No. 123
had  been  applied from the original effective date of SFAS No. 123. The Company
adopted  the disclosure provisions of SFAS No. 148 for the quarters ending after
December  15,  2002.

In January 2003, the FASB issued FIN No. 46, "Consolidation of Variable Interest
Entities". FIN No. 46 requires the consolidation of entities that cannot finance
their  activities  without  the  support  of other parties and that lack certain
characteristics of a controlling interest, such as the ability to make decisions
about  the  entity's  activities via voting rights or similar rights. The entity
that consolidates the variable interest entity is the primary beneficiary of the
entity's  activities.  FIN  No.  46  applies  immediately  to  variable interest
entities created after January 31, 2003, and must be applied in the first period
beginning  after  June  15,2003  for  entities  in  which  an enterprise holds a
variable  interest  entity that it acquired before February 1, 2003. The Company
plans  to  adopt  this  Interpretation  in  the  first  quarter  of fiscal 2004.

NOTE  1.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)
--------

NEW  ACCOUNTING  PRONOUNCEMENTS(CONT.)

In  January  2003,  the  EITF released Issue No. 00-21, ("EITF 00-21"), "Revenue
Arrangements  with  Multiple Deliveries", which addressed certain aspects of the
accounting  by  a  vendor  for  arrangement under which it will perform multiple
revenue-generating  activities.  Specifically,  EITF  00-21 addresses whether an
arrangement  contains  more  than one unit of accounting and the measurement and
allocation to the separate units of accounting in the arrangement. EITF 00-21 is
effective  for  revenue  arrangements  entered  into in fiscal periods beginning
after  June  15,  2003. The adoption of this standard will not have an impact on
the  Company's  financial  statements.

In  May  2003,  the  FASB  issued  SFAS  No. 149, "Amendment of Statement 133 on
Derivative  Instruments  and  Hedging  Activities."  SFAS  No.  149  amends  and
clarifies  accounting  for  derivative instruments, including certain derivative
instruments  embedded  in other contracts, and for hedging activities under SFAS
No.  133. SFAS No. 149 is effective for contracts entered into or modified after
June  30, 2003 and for hedging relationships designated after June 30, 2003. The
Company  does  not  believe  that  there  will  be  any  impact on its financial
statements.

In  May  2003,  the  FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments  with  Characteristics of both Liabilities and Equity." SFAS No. 150
establishes  standards  for how companies classify and measure certain financial
instruments  with  characteristics  of  both liabilities and equity. It requires
companies  to  classify  a  financial  instrument  that is within its scope as a
liability  (or  an  asset  in some circumstances). SFAS No. 150 is effective for
financial  instruments entered into or modified after May 31, 2003. The standard
will  not  impact  the  Company's  financial  statements.

NOTE  2.     GOING CONCERN (LIQUIDITY AND CAPITAL RESOURCES)
--------

The  accompanying  consolidated  financial  statements  have  been  prepared  in
conformity with accounting principles generally accepted in the United States of
America,  which  contemplates  continuation  of  the Company as a going concern.
Going  concern  assumes  that  the  Company  will continue in operations for the
foreseeable  future  and  will  be  able to realize its assets and discharge its
liabilities  in  the  normal  course  of  operations.

The  Company  has  incurred substantial operating losses and negative cash flows
from  operations from inception through September 30, 2003. Although the Company
believes  it  will  become  cash flow positive from operations by the end of the
fiscal  year ending September 30, 2004, there can be no assurance that this will
occur.  In  the  absence  of  achieving  positive  cash flows from operations or
obtaining  additional  debt or equity financing, the Company may have difficulty
meeting  obligations  as  they  become  due,  and may be forced to discontinue a
business  segment  or  overall  operations.

NOTE  3.     GOING CONCERN (LIQUIDITY AND CAPITAL RESOURCES) (CONT.)
--------

To  address  these  concerns,  the  Company  continues to pursue new debt and/or
equity  financing  and  is  currently  in  process  of implementing cost cutting
strategies.

Management  believes  that  actions  presently  being taken, as described in the
preceding  paragraph,  provide  the opportunity for the Company to continue as a
going  concern,  however,  there  is  no  assurance  this  will  occur.

NOTE  4.     RELATED PARTY TRANSACTIONS
--------

VHQ  ENTERTAINMENT,  INC.

By  means  of  an  agreement dated December 26, 2001 and amended on February 12,
2002,  eAngels  Equity,  LLC  ("eAngels"),  agreed  to purchase 2,000,000 common
shares  of the Company owned by VHQ thus acquiring a controlling interest in the
Company.  In  conjunction with the stock purchase, (a) the existing officers and
directors  of the Company resigned and designees of the purchaser were appointed
in  their  place  and  (b)  the  Company  initiated  steps to change its name to
Wilmington  Rexford,  Inc.,  effective  February  19,  2002.

At September 30, 2001, the company owned 99,900 shares of VHQ Entertainment.  On
September  30, 2002 the company sold its investment in VHQ at a loss of $118,320
to  an  entity  that  is  controlled  by the major shareholder of the Company in
exchange  for  a  note  in  the  amount  of  $25,345.

NOTES  PAYABLE  STOCKHOLDER

At  September 30, 2003, the Company owed a total of $268,108 to eAngels EquiDebt
Partners V. The notes bear interest at 10% per year and are due on July 1, 2004.
For  the  year ended September 30, 2003, interest expense related to these notes
totaled  $60,563.  These  notes are not required to be repaid to the extent that
the  advances  due  from  related  parties  discussed  below  are not collected.

On  December  24,  2002, the Company issued 10,000,000 shares of common stock to
eAngels  in  exchange  for  a  $200,000  reduction  to its note payable balance.

ACCOUNTS  PAYABLE  OFFICER

At  September  30, 2003, an officer of the Company was owed a total of $33. This
amount  is  non-interest bearing, due on demand and included in accounts payable
and  accrued  liabilities.

ADVANCES  DUE  FROM  RELATED  PARTIES

At  September  30, 2003, the Company has advanced a total of $262,816 to various
entities  controlled  by the majority shareholder of the Company. These advances
bear  interest  at 10% per year. For the year ended September 30, 2003, interest
income  related  to  these  advances  totaled  $49,550.

MANAGEMENT  FEE

During  the  year ended September 30, 2003, the Company incurred management fees
to  eAngels  of  $120,000,  respectively. An amount of $107,136 was unpaid as of
September  30,  2003  and  included  in  notes  payable-stockholder.

NOTE  5.     BUSINESS SEGMENT INFORMATION
--------

Principally all operations of Langara are conducted in Canada. Information about
operating  segments  is  as  follows:

<TABLE>
<CAPTION>

September 30, 2003       Parent      E-Trend         Langara          Total
------------------      --------   -----------     -----------      -----------
<S>                     <C>        <C>             <C>              <C>

Revenues from
external customers     $   5,887   $   300,772     $ 1,211,173      $ 1,517,832
Intersegment
revenues                 120,000             -         240,633          360,633

Segment loss            (146,779)     (361,157)       (115,120)        (623,056)
------------------      --------   -----------     -----------      -----------

September 30, 2002
------------------

Revenues from
external customers     $       -   $   652,321     $ 1,362,375      $ 2,014,696
Intersegment revenues          -             -         456,368          456,368
Segment loss            (258,913)     (766,319)        (90,679)      (1,115,911)
------------------      --------   -----------     -----------      -----------

</TABLE>

NOTE  6.     SUBSEQUENT EVENTS

On  October  6,  2003  E-Trend  Networks  exchanged its 100% interest in Langara
Entertainment,  Inc.  to  a  newly formed company called Langara Group for a 25%
private  interest  in  the  common  stock  of  Langara  Group,  Inc.

On  October  1,  2003 E-Trend Networks came to an agreement with Fly.com, Inc. /
NetMall.com to exchange its interest in a web portal for a $200,000 stock equity
interest  in  its  future  consolidated operation to be launched as NetMall.com,
Inc.

On  February  5, 2004, the Company entered into an agreement for the exchange of
common  stock  whereby the Company would issue 45,000,000 new post reverse split
common  shares  thus  transferring  majority  control  of  the  Company  to  the
purchaser.

NOTE  7.     LEASE COMMITMENTS

The  Company  leases  its  offices  and  certain  office equipment under various
non-cancelable  operating leases. Future minimum rental payments as of September
30, 2003 in the aggregate and for years subsequent to September 30, 2003, are as
follows:

     Year                              Amount
     ----                           ------------
     2004                           $     20,000
     2005                                  4,000
                                    ------------
                                    $     24,000
                                    ============

Rent  expense  for  the  years  ended  September  2003  and 2002 was $33,000 and
$66,000,  respectively.

NOTE  8.     INCOME TAXES

     The  components  of  income  taxes  were  as  follows:

<TABLE>
<CAPTION>

                                           2003         2002
                                        ----------   ----------
<S>                                     <C>          <C>

Income  Tax  Benefit

Income tax benefit at combined          $  246,800   $  475,600
statutory rate of 42.62%
Change in Valuation Allowance             (246,800)    (475,600)

Income Tax Benefit                      $        -   $        -

</TABLE>

The income tax benefit for the years ended September 30, 2003 and 2002, differed
from  the combined federal and provincial statutory rates due principally to the
increase  in  the  deferred  tax  asset  valuation  allowance.

Due  to  mainly  operating  losses  and the inability to recognize an income tax
benefit  there  from,  there is no provision for current federal or state income
taxes  for  the  years  ended  September  30,  2003  and  2002.

Deferred  income  taxes  reflect  the  net  tax effects of temporary differences
between  the  carrying amounts of assets and liabilities for financial reporting
purposes  and  the  amount  used  for  federal  and  state  income tax purposes.

At  September  30,  2003,  the  approximate deferred tax assets were as follows:

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

Non-capital loss carryforwards           $  1,665,000
Capital assets                                 45,000
                                         ------------
   Total deferred tax assets                1,710,000
   Less valuation allowance                (1,710,000)
                                         ------------
                                         $          -

</TABLE>

NOTE  9.     PROPERTY AND EQUIPMENT

<TABLE>
<CAPTION>

Property and equipment consisted of the following:

<S>                                      <C>
                                         September 30, 2003
                                         ------------------
Computer software                        $    259,111
Computer hardware                             122,687
Furniture and fixtures                         33,117
Leasehold improvements                         43,776
                                         ------------------
                                              458,691
Less accumulated depreciation                (293,445)
and amortization
                                         ------------------
                                         $    165,246

</TABLE>


Depreciation and amortization expense relating to property and equipment totaled
$98,672  and  $95,569  for  the  years  ended  September  30,  2003  and  2002.

NOTE 10.     STOCK OPTIONS

The Company is authorized to grant options to employees, officers and directors,
to  purchase  up to 4,000,000 common shares. Stock option activity for the years
ended  September  30,  2003  and  2002  was  as  follows:

<TABLE>
<CAPTION>

                                    Number of     Weighted Average
                                    Options       Exercise Price
                                    ---------     ----------------
<S>                                 <C>           <C>

Balance,  October  1,  2001         441,500       $  1.93
Granted  during  the  year                -       $     -
Forfeited  during  the  year       (132,500)      $  3.96
------------------------------      ---------
Balance,  September  30,  2002      309,000       $  1.06
------------------------------      ---------
Forfeited  during  the  year              -             -
------------------------------      ---------
Balance,  September  30,  2003      309,000       $  1.06
------------------------------      ---------
Exercisable, September 30, 2003     309,000       $  1.06
------------------------------      ---------

</TABLE>

NOTE 11.     STOCK OPTIONS (CONT.)

The  following  table  summarizes information about stock options outstanding at
September  30,  2003:

<TABLE>
<CAPTION>

<S>                        <C>              <C>
                                            Weighted Average
     Exercise Price        Number of        Remaining
                           Options          Contractual Life
                                            (Years)
     --------------        ---------        ----------------

     $ 1.00                 300,000               7.62
     --------------        ---------        ----------------
     $ 2.00                   4,000               1.25
     $ 4.00                   5,000               1.25
                           =========
                            309,000

</TABLE>

There  were  no option grants during the years ended September 30, 2003 or 2002.
Therefore,  presenting  the  pro forma consolidated results of operations of the
Company  as  though  the fair value based accounting method in SFAS 123 had been
used  in  accounting  for  stock  options  is  not  applicable


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

KPMG  LLP was previously our independent auditors.  On May 1, 2002, our Board of
Directors  announced the appointment of Kaufman, Rossin & Co., P.A. to audit the
financial  statements for the fiscal year ended September 30, 2002. The decision
to change auditors was based upon financial considerations.  During the two most
recent  fiscal years and the subsequent interim period, neither we nor anyone on
our  behalf  consulted  Kaufman, Rossin & Co., P.A. regarding the application of
accounting  principles  to  a specific completed or contemplated transaction, or
the  type  of  audit opinion that might be rendered on our financial statements.

     The  audit report of KPMG LLP on our financial statements as of and for the
fiscal  year  ended  September  30,  2001  did not contain an adverse opinion or
disclaimer  of  opinion  and was not modified as to uncertainty, audit scope, or
accounting  principles,  except  as  follows:

     The  audit report of KPMG LLP on our financial statements as of and for the
fiscal  year  ended  September  30, 2001 contained a separate paragraph stating:
"The  accompanying consolidated financial statements have been prepared assuming
that  the  Company  will continue as a going concern.  As discussed in note 1 to
the  consolidated  financial  statements,  the  Company has suffered substantial
losses  and  negative operating cash flow, which circumstance raises substantial
doubt  about  its ability to continue as a going concern.  Management's plans in
regard  to  this  circumstance  are  also described in note 1.  The consolidated
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty."

     During  our  two most recent fiscal years and the subsequent interim period
ending  May  1, 2002, there were no disagreements between us and KPMG LLP on any
matter of accounting principles or practices, financial statement disclosure, or
auditing  scope  or procedure which, if not resolved to the satisfaction of KPMG
LLP,  would have caused that firm to make reference to the subject matter of the
disagreement  in  connection  with  its  audit  report.

     There  were  no other "reportable events" as that term is described in Item
304a(1)(v)  of  Regulation S-K occurring within our two most recent fiscal years
and  the  subsequent  interim  period  ending  May  1,  2002.

     Kaufman,  Rossin  & Co., P.A. resigned as of August 28, 2003.  On September
22,  2003,  our  Board of Directors of the Registrant approved the engagement of
Beckstead  and  Watts, LLP to audit the financial statements for the fiscal year
ended  September  30,  2003.  The  decision  to  change  auditors was based upon
financial  considerations.  During  the  two  most  recent  fiscal years and the
subsequent  interim  period,  neither  the we nor anyone on our behalf consulted
Beckstead and Watts, LLP regarding the application of accounting principles to a
specific  completed  or  contemplated  transaction, or the type of audit opinion
that  might  be  rendered  on  our  financial  statements.

     The audit report of Kaufman, Rossin & Co., P.A. on our financial statements
as  of  and  for  the  fiscal  year  ended September 30, 2002 did not contain an
adverse opinion or disclaimer of opinion and was not modified as to uncertainty,
audit  scope,  or  accounting  principles,  except  as  follows:

     The audit report of Kaufman, Rossin & Co., P.A. on our financial statements
as  of  and  for  the  fiscal year ended September 30, 2002 contained a separate
paragraph  stating:  "The  accompanying  consolidated  financial statements have
been  prepared  assuming  that the Company will continue as a going concern.  As
discussed  in  Note  2, the Company has incurred substantial losses and negative
cash  flows  from  operations  since  inception.  In  the  absence  of achieving
positive  cash  flows  from  operations  or  obtaining additional debt or equity
financing,  the  Company may have difficulty meeting obligations.  These factors
raise  substantial  doubt  about  the  Company's  ability to continue as a going
concern.  Management's  plans  are  also  discussed  in  Note  2.  The financial
statements  do  not  include  any adjustments relating to the recoverability and
classification  of  recorded  assets,  or  the  amounts  and  classification  of
liabilities that might be necessary in the event the Company can not continue in
existence."

     During  our  two most recent fiscal years and the subsequent interim period
ending  August  28,  2003,  there  were no disagreements between us and Kaufman,
Rossin &Co., P.A. on any matter of accounting principles or practices, financial
statement  disclosure,  or auditing scope or procedure which, if not resolved to
the  satisfaction of Kaufman, Rossin & Co., P.A., would have caused that firm to
make  reference to the subject matter of the disagreement in connection with its
audit  report.

     There  were  no other "reportable events" as that term is described in Item
304(a)(1)(iv)  of  Regulation  S-B  occurring  within our two most recent fiscal
years  and  the  subsequent  interim  period  ending  August  28,  2003.

     De  Joya  &  Company  replaced  Beckstead  and  Watts, LLP as our principal
accountants as of October 30, 2003.  On October 30, 2003, our board of directors
approved  the  engagement of De Joya & Company to audit the financial statements
for  the  fiscal year ended September 30, 2003.  The decision to change auditors
was based upon new PCAOB rules.  During the two most recent fiscal years and the
subsequent interim period, neither we nor anyone on our behalf consulted De Joya
&  Company  regarding  the  application  of  accounting principles to a specific
completed  or  contemplated transaction, or the type of audit opinion that might
be  rendered  on  ourfinancial  statements.

     Beckstead  and  Watts,  LLP  did not provide a report for either of the our
last  two  fiscal  years  ended  September  30,  2003.

     During  the  our  two  most  recent fiscal years and the subsequent interim
period  ending  October  30,  2003,  there  were no disagreements between us and
Beckstead  and  Watts,  LLP on any matter of accounting principles or practices,
financial  statement  disclosure,  or  auditing scope or procedure which, if not
resolved to the satisfaction of Beckstead and Watts, LLP, would have caused that
firm  to  make reference to the subject matter of the disagreement in connection
with  its  audit  report.

There  were  no  other  "reportable  events"  as  that term is described in Item
304(a)(1)(iv)  of  Regulation  S-B  occurring  within our two most recent fiscal
years  and  the  subsequent  interim  period  ending  October  30,  2003.

     Bongiovanni  &  Associates  replaced  De  Joya  &  Company as our principal
accountants as of December 5, 2003.  On December 5, 2003, our Board of Directors
approved  the  engagement  of  Bongiovanni  &  Associates to audit the financial
statements for the fiscal year ended September 30, 2003.  The decision to change
auditors  was  based  upon financial reasons.  During the two most recent fiscal
years  and  the  subsequent  interim period, neither we nor anyone on our behalf
consulted  Bongiovanni  &  Associates  regarding  the  application of accounting
principles  to  a specific completed or contemplated transaction, or the type of
audit  opinion  that  might  be  rendered  on  our  financial  statements.

     De  Joya  &  Company  did  not  provide a report for either of our last two
fiscal  years  ended  September  30,  2003.

     During  the  our  two  most  recent fiscal years and the subsequent interim
period  ending  December  5, 2003, there were no disagreements between us and De
Joya  &  Company  on any matter of accounting principles or practices, financial
statement  disclosure,  or auditing scope or procedure which, if not resolved to
the  satisfaction  of  De  Joya  &  Company, would have caused that firm to make
reference to the subject matter of the disagreement in connection with its audit
report.

     There  were  no other "reportable events" as that term is described in Item
304(a)(1)(iv)  of  Regulation  S-B  occurring  within our two most recent fiscal
years  and  the  subsequent  interim  period  ending  December  31,  2003.


ITEM 8A.     CONTROLS AND PROCEDURES.

     Our  sole  officer,  based  on  his  evaluation  of our (as defined in Rule
13a-15(e)  of  the  Securities Exchange Act of 1934) as of October 31, 2003, has
concluded that our disclosure controls and procedures are adequate and effective
to  ensure  that  material  information  relating to the registrant is recorded,
processed,  summarized  and  reported  within  the time periods specified by the
SEC's  rules  and  forms,  particularly  during  the period in which this annual
report  has  been  prepared.

     Our  sole  officer  has concluded that there were no significant changes in
our  internal controls or in other factors that could significantly affect these
controls subsequent to September 30, 2003 the date of his most recent evaluation
of  such  controls,  and  that there was no significant deficiencies or material
weaknesses  in  our  internal  controls.


<PAGE>

                                    PART III

ITEM  9.     DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
             COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

     Our executive officers and directors are:

<TABLE>
<CAPTION>


NAME                  AGE    POSITION
-----------------     ---    -----------------------------------------------
<S>                   <C>    <C>

Garrett K. Krause     36     Chairman, Chief Executive Officer and President

</TABLE>


     Our directors are elected annually by our shareholders and our officers are
appointed  annually by our board of directors. Vacancies in our board are filled
by  the  board  itself.  Set  forth  below  are brief descriptions of the recent
employment  and  business  experience  of  our executive officers and directors.

GARRETT K. KRAUSE, CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND PRESIDENT.

     Mr.  Krause  was  recently  appointed  as our Chairman & CEO on January 10,
2003.  Since  1992,  Mr.  Krause  has also been the Managing Director of eAngels
Equity, LLC, an angel investor network, based in Miami, Florida, where investors
can  come  together to launch, invest in, and grow viable business concepts into
industry-leading  organizations.  eAngels Equity, LLC played a principal role in
the  founding  of  Wilmington  Rexford  and  continues  to  participate  in  the
investment  in  the  real  estate, financial services, media, entertainment, and
technology  industries.  Mr.  Krause  studied  finance  at University of Calgary
before  starting his private investment and entrepreneurial ventures. During his
tenure  at  Wilmington  Rexford,  and  at eAngels, Mr. Krause's responsibilities
encompassed  various  areas  of  management  operations, merchant and investment
banking,  venture  capital,  and  corporate  finance.

CONFLICTS OF INTEREST

     Members  of  our  management  are associated with other firms involved in a
range  of  business  activities.  Consequently,  there  are  potential  inherent
conflicts  of interest in their acting as officers and directors of our company.
Insofar  as the officers and directors are engaged in other business activities,
we  anticipate  they  will  devote  only  a minor amount of time to our affairs.

     Our  officers  and  directors  are  now  and  may  in  the  future  become
shareholders,  officers or directors of other companies, which may be formed for
the  purpose  of  engaging  in  business activities similar to us.  Accordingly,
additional  direct conflicts of interest may arise in the future with respect to
such individuals acting on behalf of us or other entities.  Moreover, additional
conflicts  of interest may arise with respect to opportunities which come to the
attention  of  such individuals in the performance of their duties or otherwise.
Currently,  we  do not have a right of first refusal pertaining to opportunities
that  come  to  their  attention  and  may  relate  to  our business operations.

     Our  officers  and  directors  are,  so  long  as  they are our officers or
directors, subject to the restriction that all opportunities contemplated by our
plan  of  operation  which come to their attention, either in the performance of
their duties or in any other manner, will be considered opportunities of, and be
made available to us and the companies that they are affiliated with on an equal
basis.  A breach of this requirement will be a breach of the fiduciary duties of
the  officer  or  director.  If  we or the companies with which the officers and
directors  are  affiliated both desire to take advantage of an opportunity, then
said  officers  and directors would abstain from negotiating and voting upon the
opportunity.  However,  all  directors  may still individually take advantage of
opportunities if we should decline to do so.  Except as set forth above, we have
not  adopted  any  other  conflict  of  interest  policy  with  respect  to such
transactions.

     We  do  not have any standing audit, nominating, or compensation committees
of  our  board  of  directors.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE.

     During the fiscal year ended September 30, 2003, the following persons were
required  to  file reports under Section 16(a) of the Securities Exchange Act of
1934:

<TABLE>
<CAPTION>


REPORTING PERSON        DATE REPORT DUE       DATE REPORT FILED
-----------------     -------------------     -----------------
<S>                   <C>                     <C>

Garrett K. Krause     Form 3 due 12/24/02         12/27/02
-----------------     -------------------     -----------------


</TABLE>


ITEM 10.     EXECUTIVE COMPENSATION.

     The  following  table  sets forth information the remuneration of our chief
executive  officers  for  the  last  three  completed  fiscal  years.

<TABLE>
<CAPTION>

                                      SUMMARY COMPENSATION TABLE

                           ANNUAL COMPENSATION                  LONG TERM COMPENSATION
                    ---------------------------------    -----------------------------------
                                                                  AWARDS             PAYOUTS
                                                         -------------------------   -------
NAME AND PRINCIPAL  YEAR  SALARY  BONUS  OTHER ANNUAL    RESTRICTED   SECURITIES      LTIP    ALL OTHER
POSITION                    ($)    ($)   COMPENSATION    STOCK        UNDERLYING     PAYOUTS  COMPENSATION
                                             ($)         AWARD(S)     OPTIONS/SARS     ($)         ($)
                                                                          (#)
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------
<S>                 <C>   <C>     <C>    <C>             <C>          <C>            <C>      <C>

Garrett K.          2003    -0-    -0-       -0-            -0-            -0-         -0-        -0-
Krause (1)
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------
Robert G.           2003    -0-    -0-     $35,417          -0-            -0-         -0-        -0-
Taylor              2002    -0-    -0-     $26,900          -0-            -0-         -0-        -0-
President (2)
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------
Ayaz Kara,
President (3)       2002    -0-    -0-       -0-            -0-            -0-         -0-        -0-
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------
Caroline G.         2001 $78,166   -0-       -0-            -0-            -0-         -0-        -0-
Armstrong,
President and
CEO (5)
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------
Gregg C. Johnson,   2001    -0-    -0-       -0-            -0-          100,000       -0-        -0-
President (5)
------------------  ----  ------  -----  ------------    ----------   ------------   -------  ------------

</TABLE>


(1)  Mr.  Garrett  Krause  was  the  CEO of the company from January 13, 2003 to
     present.  On November 1, 2003 he also became the President of this company.
     He  has  no  compensation  from  the  company.
(2)  Mr.  Taylor  was  the  President  from  January 2002 through November 2003.
(3)  Mr.  Kara  was  the  President  from  November  2001  to  January  2002.
(4)  Ms. Armstrong was the President and Chief Executive Officer from March 2001
     to  November  2001.
(5)  Mr.  Johnson  was  the President and Chief Executive Officer from July 1999
     through  February  2001.
(6)  Mr.  Garrett  Krause  was  the  CEO of the company from January 13, 2003 to
     present.  He  has  no  compensation  from  the  company.


<TABLE>
<CAPTION>


                             OPTION/SAR GRANTS IN LAST FISCAL YEAR

                                       INDIVIDUAL GRANTS
                                       -----------------


NAME          NUMBER OF SECURITIES   PERCENT OF TOTAL            EXERCISE OR BASE   EXPIRATION
              UNDERLYING OPTIONS/    OPTIONS/SARS GRANTED TO     PRICE ($/SH)       DATE
              SARS GRANTED (#)       EMPLOYEES IN FISCAL YEAR
----------    --------------------   ------------------------    ----------------   ----------

<S>           <C>                    <C>                         <C>                <C>
Garrett K.
Krause              -0-                       --                      --                --
----------    --------------------   ------------------------    ----------------   ----------
Robert G.
Taylor              -0-                       --                      --                --
----------    --------------------   ------------------------    ----------------   ----------

</TABLE>


<TABLE>
<CAPTION>


      AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR AND FY-END OPTION/SAR VALUES


                                               NUMBER OF SECURITIES        VALUE OF UNEXERCISED
                                               UNDERLYING UNEXERCISED      IN-THE-MONEY OPTIONS
                                               OPTIONS/SARS AT FISCAL      /SARS AT FISCAL YEAR
                                               YEAR END (#)                END ($)
                                               ----------------------      --------------------
NAME          SHARES ACQUIRED    VALUE              EXERCISABLE/               EXERCISABLE/
              ON EXERCISE (#)    REALIZED ($)       UNEXERCISABLE              UNEXERCISABLE
----------    ---------------    ------------  ----------------------      --------------------

<S>           <C>                <C>           <C>                         <C>
Garrett K.
Krause              -0-              -0-              -0-/-0-                    -0-/-0-
----------    ---------------    ------------  ----------------------      --------------------
Robert G.
Taylor              -0-              -0-              -0-/-0-                    -0-/-0-
----------    ---------------    ------------  ----------------------      --------------------

</TABLE>


     We  reimburse  our  officers and directors for reasonable expenses incurred
during  the  course  of their performance.  Although we offer a standard medical
plan,  we  have  no  longer-term incentive or compensation plans.  We anticipate
offering  some  form  of  incentive-based  monetary  compensation in the future.

STOCK OPTION PLANS

     On  January  26,  2001, our shareholders adopted a stock option plan, under
which an aggregate of 4,000,000 shares of common stock are reserved for issuance
pursuant  to the exercise of stock options.  These options may be granted to our
employees,  officers,  directors,  and  consultants.  We may also make awards of
restricted  stock  under  this  plan.  Shares  issued  under  this  plan  are
"restricted"  in  the  sense  that  they are subject to repurchase by us at cost
during  the  vesting  period.  The options issued under our previous 2001 option
plan  were  assumed  under  our  new  stock  option  plan.

     The  plan  is designed to (i) induce qualified persons to become employees,
officers,  or directors of us; (ii) reward such persons for past services to us;
(iii)  encourage such persons to remain in our employ or associated with us; and
(iv)  provide additional incentive for such persons to put forth maximum efforts
for  the  success  of our business.  Transactions under the plan are intended to
comply with all applicable provisions under the Securities Exchange Act of 1934.
This  plan will remain in effect until December 22, 2010, unless soon terminated
by  the  Board  of  Directors.

     Our  board  of  directors  administers  the  plan  and  determines:
-    who  will  be  granted  options  or  awards;
-    when  options  or  awards  will  be  granted;
-    the  number  of  options  or  shares  to  be  granted;
-    which  options  may be intended to qualify as incentive stock options under
     the  Internal  Revenue Code of 1986, versus non-qualified options which are
     not  intended  to  so  qualify;
-    the  time  or  times  when  each  option  becomes  exercisable;
-    the  duration  of  the  exercise  period  for  options;
-    the  form  or forms of the instruments evidencing options or awards granted
     under  the  plan;
-    the  purchase  price  of  the  shares  issued  under  the  plan;
-    the  period  or  periods  of  time  during  which  we  will have a right to
     repurchase  the  shares;  and
-    the  terms  and  conditions  of  such  repurchase.

     The  board  may  adopt, amend, and rescind such rules and regulations as in
its  opinion  may be advisable for the administration of the plan.  It may amend
the  plan  without  shareholder  approval where such approval is not required to
satisfy  any  statutory or regulatory requirements.  The board also may construe
the  plan and the provisions in the instruments evidencing options granted under
the  plan to employee and officer participants.  The board has the power to make
all other determinations deemed necessary or advisable for the administration of
the  plan.  The  board  may  not  adversely affect the rights of any participant
without  the  consent  of  such  participant.

     The  plan contains provisions for proportionate adjustment of the number of
shares  for  outstanding  options and the option price per share in the event of
stock  dividends, recapitalizations resulting in stock splits or combinations or
exchanges  of  shares.

     The  board  may select participants in the plan from employees and officers
of  us  and  our  subsidiaries  and  consultants to us and our subsidiaries.  In
determining  the  persons  to  whom  options  and awards will be granted and the
number  of shares to be covered by each option, the board will take into account
the  duties of the respective persons, their present and potential contributions
to our success, and such other factors as the board deems relevant to accomplish
the  purposes  of  the  plan.

     Stock  Options.  Only  employees  of  us  and our subsidiaries, as the term
"employee"  is  defined  for  the  purposes of the Internal Revenue Code will be
entitled  to receive incentive stock options.  The option price of any incentive
stock option may be not less than 100% of the fair market value per share on the
date  of grant of the option; provided, however, that any incentive stock option
granted  under  the  plan  to a person owning more than ten percent of the total
combined  voting power of the common stock will have an option price of not less
than  110%  of  the  fair  market  value  per  share on the date of grant of the
incentive  stock  option.  The exercise period of options granted under the plan
may not exceed ten years from the date of grant thereof. Incentive stock options
granted  to  a  person owning more than ten percent of the total combined voting
power  of  our  common stock will be for no more than five years.  Except in the
case  of options granted to disinterested directors who administer the plan, the
board  will have the authority to accelerate or extend the exercisability of any
outstanding  option at such time and under such circumstances as it, in its sole
discretion,  deems  appropriate.  However, no exercise period may be extended to
increase  the  term  of  the option beyond ten years from the date of the grant.

     An  option  may  not  be exercised unless the optionee then is an employee,
officer,  or  consultant  of us or our subsidiaries, and unless the optionee has
remained  continuously  as an employee, officer, or consultant since the date of
grant  of  the  option.  If  the  optionee ceases to be an employee, officer, or
consultant  other than by reason of death, disability, or for cause, all options
granted  to  such optionee, fully vested to such optionee but not yet exercised,
will  terminate  three  months  after  the  date  the  optionee  ceases to be an
employee,  officer  or  consultant.  All  options  that  are  not  vested  to an
optionee,  under  the  conditions  stated in this paragraph for which employment
ceases, will immediately terminate on the date the optionee ceases employment or
association.

     If  an  optionee  dies  while an employee, officer or consultant, or if the
optionee's  employment,  officer,  or  consultant status terminates by reason of
disability,  all  options  theretofore  granted to such optionee, whether or not
otherwise exercisable, unless earlier terminated in accordance with their terms,
may  be  exercised  at  any  time  within  one  year  after the date of death or
disability of said optionee, by the optionee or by the optionee's estate or by a
person who acquired the right to exercise such options by bequest or inheritance
or  otherwise  by  reason  of  the  death  or  disability  of  the  optionee.

     Options  granted  under the plan are not transferable other than by will or
by  the  laws  of  descent  and distribution or pursuant to a qualified domestic
relations order.  Options may be exercised, during the lifetime of the optionee,
only  by  the  optionee  and  thereafter  only  by his legal representative.  An
optionee has no rights as a shareholder with respect to any shares covered by an
option  until  the  option  has  been  exercised.

     Unless  otherwise  specified  in  an  optionee's agreement, options granted
under  the  plan  will  become  vested with the optionee over the course of four
years  from  date  of  grant  under  the  following schedule: 25% upon the first
anniversary of the option grant and the remaining 75% monthly over the following
36  months.

     Restricted Stock Awards.  Shares issued under the plan will be evidenced by
a  written  restricted  stock purchase agreement between us and the participant.
Shares  issued  under the plan are transferable only if the transferee agrees to
be  bound by all of the terms of the plan, including our right to repurchase the
shares,  and  only  if  such  transfer  is  permissible  under federal and state
securities laws.  To facilitate the enforcement of the restrictions on transfer,
the board may require the holder of the shares to deliver the certificate(s) for
such  shares  to  be  held  in  escrow  during  the  period  of  restriction.

     Unless  otherwise  specified in a participant's agreement, awards of shares
issued under the plan will become vested with the participant over the course of
four  years  from date of grant under the following schedule: 25% upon the first
anniversary  of  the  grant  and the remaining 75% monthly over the following 36
months.

     Outstanding  Options.  As  of  September  30, 2003 there were still 309,000
options  pending  under  this  plan.


ITEM 11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND
             MANAGEMENT.

     The  following  table  provides  certain information as to the officers and
directors  individually  and  as a group, and the holders of more than 5% of the
Common  Stock  of  the  Company,  as  of  February  13,  2004:

<TABLE>
<CAPTION>


NAME AND ADDRESS OF             AMOUNT AND NATURE           PERCENT OF CLASS (2)
BENEFICIAL OWNER (1)            OF BENEFICIAL OWNERSHIP
---------------------------     -----------------------     --------------------
<S>                             <C>                         <C>

Garrett K. Krause
1521 Alton Road, #352
Miami Beach, FL 33139            10,500,000 (3)                    69.1%
---------------------------     -----------------------     --------------------
eAngels EquiDebt Partners V
11 - 2480 Kenworth Road
Nanaimo BC Canada V9T 3Y3        10,000,000 (4)                    65.81%
---------------------------     -----------------------     --------------------
VHQ Entertainment, Inc.
6201 - 46th Avenue
Red Deer, AB T4N 6Z1 Canada       2,000,000 (5)                    13.16%
---------------------------     -----------------------     --------------------
Web Capital Ventures, Inc.
(Sara Hallitex Corp.)
3753 Howard Hughes Parkway, #200
Las Vegas, NV 89109                 500,000                         3.29%
---------------------------     -----------------------     --------------------
All officers and directors
as a group  (3 persons)              10,500,000 (3) (5)            69.1%
---------------------------     -----------------------     --------------------

</TABLE>


(1)  To  our  knowledge,  except as set forth in the footnotes to this table and
     subject  to  applicable  community  property laws, each person named in the
     table  has  sole voting and investment power with respect to the shares set
     forth  opposite  such  person's  name.

(2)  This  table is based on 15,196,035 shares of Common Stock outstanding as of
     February 13, 2004. If a person listed on this table has the right to obtain
     additional  shares of Common Stock within sixty (60) days from February 13,
     2004, the additional shares are deemed to be outstanding for the purpose of
     computing  the percentage of class owned by such person, but are not deemed
     to  be outstanding for the purpose of computing the percentage of any other
     person.

(3)  Includes  10,000,000 shares owned of record by eAngels EquiDebt Partners V,
     LLC  and  500,000 shares owned of record by Web Capital Ventures, Inc. Both
     entities  are  controlled  by  Garrett  K.  Krause.

(4)  Does  not  include  shares  that  eAngels  has  the  right  to  obtain upon
     conversion  of  its  outstanding  debentures  into  shares of the Company's
     stock.

(5)  eAngels  Equity,  LLC  or assignees currently has an option to purchase the
     2,000,000  shares  at  $0.40  per  share. This agreement is currently being
     modified  on  a mutual agreed basis by both parties.

Mr.  Garrett  Krause  may be deemed to be the "parent" of our company within the
meaning  of the rules and regulations of the Securities and Exchange Commission.


CHANGES IN CONTROL

     There  are no agreements known to management that may result in a change of
control  of  our  company.


ITEM 12.     CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Other  than  as disclosed below, none of our present directors, officers or
principal shareholders, nor any family member of the foregoing, nor, to the best
of  our  information and belief, any of our former directors, senior officers or
principal shareholders, nor any family member of such former directors, officers
or principal shareholders, has or had any material interest, direct or indirect,
in any transaction, or in any proposed transaction which has materially affected
or  will  materially  affect  us.

EANGELS  EQUITY,  LLC

     Garrett  K.  Krause  is  the  president of eAngels Equity, LLC and Managing
Director  of  eAngels  EquiDebt  Partners  V,  LLC.

     On  December  24, 2002, Wilmington Rexford and eAngels EquiDebt Partners V,
LLC agreed to exchange $200,000 of its $731,795.77 aggregate principal amount of
outstanding debt securities, in a private placement for WREX common stock. As of
the offer on December 24, 2002, approximately $200,000 had been validly tendered
and  accepted  for exchange. This will reduce Wilmington Rexford's total debt by
over  $200,000. On the basis of the current trading price for WREX common stock,
10,000,000  shares  were  issued  to eAngels EquiDebt Partners V, LLC, which is
Managed  by  Garrett  Krause  as  consideration  for the exchange and subsequent
reduction  in  debt  securities.

LOANS  TO  OTHER  ENTITIES

     We have made loans to entities owned and/or controlled by Garrett K. Krause
or  Sean  L.  Krause  as  follows:

<TABLE>
<CAPTION>

Name of Entity              Date of Loan        Amount Loaned and           Business of Entity
                                                Outstanding at 9/30/03
--------------------    --------------------    ----------------------      ------------------
<S>                     <C>                     <C>                         <C>

WSY Limited             Mar 2002 - Sept 2003    $ 0   (1) (2)               www.Stockpicks.com
--------------------    --------------------    ----------------------      ------------------
FutureVest Corp.        Mar 2002 - Sept 2003    $ 0   (1) (2)               Financial
--------------------    --------------------    ----------------------      ------------------
South Beach Partners    Mar 2002 - Sept 2003    $ 0   (1) (2)               Hedge Fund Trading
--------------------    --------------------    ----------------------      ------------------
WorldVest Properties    Mar 2002 - Sept 2003    $ 0   (1) (2)               Real Estate
                                                                            Development
--------------------    --------------------    ----------------------      ------------------
TransJet.com, Inc.      Mar 2002 - Sept 2003    $ 0   (1) (2)               Aviation and Auto
                                                                            Rental
--------------------    --------------------    ----------------------      ------------------
Fly.com, Inc.           Mar 2003 - Sept 2004    $185,809.12 (1) (2) (3)     Online eCommerce
--------------------    --------------------    ----------------------      ------------------
GEMS Canada, Inc.       Mar 2003 - Sept 2004    $ 77,007.24 (1) (2) (4)     Online Registration
--------------------    --------------------    ----------------------      ------------------

</TABLE>


(1)  All  loans  have been secured for repayment by eAngels EquiDebt Partners V,
     LLC as an offset from the outstanding Debentures. These loans have all been
     extended  through  September  30,  2003.

(2)  These  loans  were  made  to  these related entities to advance the company
     according to the new business model established in February of 2002 whereby
     Wilmington  Rexford has adopted a new Venture Development business strategy
     to  help  young  companies  in  hopes  of  further  funding, acquisition or
     participation  in  the  resulting  company.

(3)  This  loan  was  made  through  our subsidiary Langara Entertainment, Inc.,
     which  has  been  sold  off  as  of  October  6,  2003.

(4)  This  loan  was  made through our wholly owned subsidiary E-Trend Networks,
     Inc.


ITEM 13.     EXHIBITS AND REPORTS ON FORM 8-K.

<TABLE>
<CAPTION>


REGULATION
S-B NUMBER     EXHIBIT
----------     -------
<S>            <C>

2.1            Agreement and Plan of Share Exchange (1)
----------     ----------------------------------------
3.1            Certificate of Incorporation, as amended (2)
----------     --------------------------------------------
3.2            Bylaws (2)
----------     ----------
10.1           Debentures issued to eAngels EquiDebt Partners V, LLC (3)
----------     ---------------------------------------------------------
10.2           Promissory Note from WorldVest Holding Corporation (3)
----------     ------------------------------------------------------
10.3           Promissory Note from FutureVest Corporation (3)
----------     -----------------------------------------------
10.4           Promissory Note from South Beach Partners, LLC/South Beach Entertainment (3)
----------     ----------------------------------------------------------------------------
10.5           Promissory Note from WSY Limited, Inc. (3)
----------     ------------------------------------------
10.6           Promissory Note from TransJet.com/Wild Toyz (3)
----------     -----------------------------------------------
10.7           Promissory Note from GEMS Canada, Inc. to E-Trend Networks, Inc.
----------     ----------------------------------------------------------------
10.8           Share Exchange Agreement with Langara Group, Inc.
----------     -------------------------------------------------
10.9           Share Exchange Agreement with Fly.com, Inc. for EntertainMe.com e-Commerce portal
----------     ---------------------------------------------------------------------------------
10.10          Share Exchange Agreement with China Merchants DiChain Investment Holdings Limited
----------     ----------------------------------------------------------------
16.1           Letter from KMPG LLP (4)
----------     ------------------------
16.2           Letter from Kaufman, Rossin & Co., P.A. (5)
----------     -------------------------------------------
16.3           Letter from Beckstead and Watts, LLP (6)
----------     ----------------------------------------
16.4           Letter from De Joya & Company (7)
----------     ---------------------------------
21             Subsidiaries of the registrant (2)
----------     ----------------------------------
31             Rule  13a-14  Certification
----------     ---------------------------
32             Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
               Section 906 of the Sarbanes-Oxley Act of 2002
----------     ------------------------------------------------------------------------

</TABLE>


(1)  Incorporated  by  reference  to the exhibits to the registrant's definitive
     proxy  statement  filed  January  2,  2001.

(2)  Incorporated  by reference to the exhibits to the registrant's registration
     statement  on  Form  SB-2,  file  number  333-70184.

(3)  Incorporated by reference to the exhibits to the registrant's annual report
     on  Form  10-KSB  for the fiscal year ended September 30, 2002, file number
     0-28879.

(4)  Incorporated  by  reference  to  the  exhibits  to the registrant's current
     report  on  Form  8-K  dated  May  1,  2002, filed May 7, 2002, file number
     0-28879.

(5)  Incorporated  by  reference  to  the  exhibits  to the registrant's current
     report  on  Form  8-K dated August 28, 2003, filed September 24, 2003, file
     number  0-28879.

(6)  Incorporated  by  reference  to  the  exhibits  to the registrant's current
     report  on  Form  8-K  dated October 30, 2003, filed November 5, 2003, file
     number  0-28879.

(7)  Incorporated  by  reference  to  the  exhibits  to the registrant's current
     report  on  Form  8-K dated December 5, 2003, filed February 12, 2004, file
     number  0-28879.

Reports  on  Form  8-K:  A  Form 8-K for August 28, 2003 was filed September 24,
2003  disclosing  under  Item  4  the  change  in  the  registrant's  certifying
accountant.  No  financial  statements  were  required  to  be  filed.


ITEM 14.     PRINCIPAL ACCOUNTANT FEES AND SERVICES.

AUDIT FEES

     For  the  fiscal  years  ended  September  30, 2003 and 2002, our principal
accountant  billed  approximately  $40,500 and billed $65,000, respectively, for
the  audit of our annual financial statements and review of financial statements
included  in  our  Form  10-QSB  filings.

AUDIT-RELATED FEES

     There  were  no  fees  billed  for  services  reasonably  related  to  the
performance  of the audit or review of our financial statements outside of those
fees  disclosed  above  under  "Audit  Fees"  for  fiscal  years  2003 and 2002.

TAX FEES

     For  the  fiscal  years  ended  September  30, 2003 and 2002, our principal
accountant  is  expected  to bill $5,000 and for tax compliance, tax advice, and
tax  planning  services.

ALL OTHER FEES

     There  were  no  other  fees billed by our principal accountants other than
those  disclosed  above  for  fiscal  years  2003  and  2002.

PRE-APPROVAL POLICIES AND PROCEDURES

     Prior to engaging our accountants to perform a particular service, our sole
director  obtains  an  estimate  for  the  service  to  be performed.   The sole
director  in  accordance  with  procedures  for  the company approved all of the
services  described  above.




                                   SIGNATURES

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

                                        WILMINGTON REXFORD, INC.


Date:  February 17, 2004                By: /s/ Garrett Krause
                                        ------------------
                                        Garrett Krause, Chairman / CEO


     In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.

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

Garrett  K.  Krause     Chairman of the Board & CEO          February 17, 2004
                       (Principal Executive, Financial,
                        and Accounting Officer)


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