U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-KSB

(Mark One)
[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934

     For the fiscal year ended December 31, 2001

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

     For the transition period from ___________ to ___________

                        Commission File Number: 0-26701

                                 eCom Corporation
                  --------------------------------------------
                 (Name of small business issuer in its charter)

            Nevada                                             88-0406874
--------------------------------                             --------------
(State or other jurisdiction of                              (IRS Employer
incorporation  or  organization)                             Identification
No.)

            2078 Prospector Avenue, Park City, UT         84060
        ---------------------------------------------   ----------
          (Address of principal executive offices)      (Zip Code)


   Registrant's telephone number, including area code: (435) 655-8769
                                                       --------------

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

Title of each class registered: None       Name of each exchange on which
                                           registered:  None

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

                          Common Stock, par value $.001
                          -----------------------------
                                (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 [X] No [ ]

                                       1

<PAGE>

     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. [ ]

     The issuer is a developmental stage company, and as such has yet to
generate any revenues this past calendar year.

     Based on the average if the closing bid and asked prices of the issuer's
common stock on December 31, 2001, the aggregate market value of the voting
stock held by non-affiliates of the registrant on that date was $2,162,092.

     As of December 31, 2001, the issuer had 25,318,190 shares of common
stock outstanding.

     Documents incorporated by reference:  See Item 13. Exhibits and Reports
on Form 8-K in Part III

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


                                       2


<PAGE>


                                    CONTENTS

                                                                          PAGE
PART I

    Item 1.  Description of Business........................................4
    Item 2.  Description of Property.......................................13
    Item 3.  Legal Proceedings.............................................13
    Item 4.  Submission of Matters to a Vote of Security Holders...........13

PART II

    Item 5.  Market for Common Equity and Related Stockholder Matters......14
    Item 6.  Management's Discussion and Analysis or Plan of Operation.....15
    Item 7.  Financial Statements..........................................19
    Item 8.  Changes in and Disagreements with Accountants on
                Accounting and Financial Disclosure........................21

PART III

    Item 9.  Directors, Executive Officers, Promoters and Control
                Persons; Compliance with Section 16(a) of the
                Exchange Act...............................................22
    Item 10. Executive Compensation........................................23
    Item 11. Security Ownership of Certain Beneficial Owners and
                Management.................................................24
    Item 12. Certain Relationships and Related Transactions................25
    Item 13. Exhibits and Reports on Form 8-K..............................26

SIGNATURES   ..............................................................27



                           Forward-Looking Statements

This report contains forward-looking statements.  The forward-looking
Statements include all statements that are not statements of historical fact.
The forward-looking  statements are often identifiable by their use of words
such as "may," "expect," "believe," "anticipate," "intend," "could,"
"estimate," or "continue," "Plans" or the negative or other variations of
those or comparable terms.  Our actual results could differ materially from
the anticipated results described in the forward-looking statements.  Factors
that could affect our results include, but are not limited to, those
discussed in Item 6, "Management's Discussion and Analysis or Plan of
Operation" and included elsewhere in this report.


                                       3

<PAGE>



                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS.

(a) BUSINESS DEVELOPMENT

(i) Business Development, Organization and Acquisition Activities
-----------------------------------------------------------------

eCom Corporation, hereinafter referred to as the ("Company") or ("eCom") or
("ECCM"), was organized by the filing of Articles of incorporation with the
Secretary of State of the State of Nevada on October 6, 1998.  The original
articles of the Company authorized the issuance of twenty million (20,000,000)
shares of Common Stock at a par value of $0.001 per share.  March 31, 2000,
the Company amended its Articles of Incorporation to increase the number of
authorized the issuance of eighty million (80,000,000) shares of Common Stock
and twenty million (20,000,000) Preferred Shares.  On June 30, the Company
once again amended its Articles of Incorporation to increase the number of
authorized the issuance of two hundred million (200,000,000) shares of Common
Stock.  The number of Preferred Shares remained at twenty million (20,000,000).

eCom Corporation is a developmental stage company whose original principal
business objective was to provide reliable and cost efficient business
Internet connectivity in the form of "website packages."  Based on adverse
market conditions and the failure of many Internet "dot.com" companies, ECCM
abandoned its original business plan, and is in the process of developing
other business strategies.  The Company has subsequently acquired interest
in other Companies, in an effort to become a going concern.


B. Business of Issuer

(1) Principal Products and Services and Principal Markets

Overview

eCom is a developmental stage company whose original principal business
objective was to provide reliable and cost efficient business Internet
connectivity in the form of "website packages" for the business-to-business
sector.  The Company's originally focused on providing reliable and cost
efficient Internet connectivity and other enhanced, easy-to-use Internet
services for small-to medium-sized businesses.  Based on adverse market
conditions and the failure of many Internet "dot.com" companies, ECCM
abandoned its original business plan, and is the process of developing
other business strategies.






                                       4

<PAGE>



ACS Sports
----------

During the calendar 2000, the company set-out to merger with ACS Sports, a
Delaware corporation.  The company signed an agreement to merger with this
Company.  Although this merger did not take place, the Company did forward
ACS Sports $1,415,000 for a 10% convertible promissory note.  In the event
that ACS Sports.com, Inc. defaults on the note, the Company has the right
to convert the note to shares of ACS Sports.com common stock at a rate of
1 share to $1.00 of principal and interest due at the time of conversion.

The Company now has an investment in ACS Sports.com, Inc. which partners with
professional teams, leagues and sports-related organizations to design, build
host and manage their "official" presence on the worldwide web.  ACS Sport
has already established itself as a market leader in this niche by developing
partnerships with 11 domestic professional sports franchises across nine
sports, nine regional sports media companies and two major professional
leagues and is rapidly developing dominant positions in regional markets
across the country and the world, networking geographically and/or affinity
linked sports content.  ACS Sports partners include the New York Yankees, New
York Mets, Denver Broncos, Anaheim Might Ducks and Comcast Sportsnet.  ACS
Sports creates the leading interactive sports destinations for its properties
by combining its proprietary online custom publishing system, community
building and technology convergence with each property's unique content,
established brand and fan base.

ACS Sports is not focused on building its brand with consumers (Business-to-
Consumer) but instead dedicated to providing an internet branding vehicle to
sports teams and organizations (Business-to-Business).  ACS Sports is
committed to augmenting the brand power of its partner properties while
remaining inconspicuous to the site traffic across its "invisible" network.
All marketing costs to promote the site in the ACS network are borne by its
partners as ACS Sports typically negotiates in its contracts with teams,
leagues or media companies for the property to provide ACS Sports promotional
"value-in-kind" services to generate interest in and drive consumer traffic
to its "official" Website.  In these arrangement, the team, league and/or
broadcast partner guarantees certain promotion minimums with respect to
various outlets, including:  stadium signage, in-game billboards, TV & radio
sports, print materials, and designated promotion game-days.  The Company
has 75 employees and has just completed the build-out of a state-of-the-art
website.

ACS Sports' predominant business is the creation and management of Websites
for sports organizations.  The Company has secured Website partnerships in
four categories:  team, league, regional sports portal, and specialty site.
The ACS Sports property base currently comprises 11 team sites spanning
nine leagues, 2 individual league sites, 4 regional sports portals, and 1
specialty site.




                                       5

<PAGE>


In forming the full-service, online conduit for teams to reach their fan
bases, ACS Sports works with the teams to design, develop and maintain their
sites.  Once created, ACS Sports maintains each site through a dedicated,
on-site staff composed of a Webmaster, multimedia producer, and a beatwriter
that travels with the team.




CacheStream
-----------

In early January, 2001, the Company entered into a agreement with CacheStream
Corporation.  The Company has forwarded to-date, $450,000 to CacheStream on a
convertible note.  On March 12, 2001, ECCM filed an Information Statement on
Schedule 14f1 with the U.S. Securities and Exchange Commission, and
subsequently sent this statement out to its shareholders.  This Information
statement discusses the CacheStream agreement.

eCom subsequently re-negotiated its agreement with CashStream Corporation.
eCom has the opportunity to purchase $150,000 in Debentures from CashStream.
These Debentures, together with any accrued interest of 8% per annum, shall
be automatically converted into Common Stock of CashStream.  July through
December, 2001, eCom planned to purchase Equity Tranches in CashStream,
which will also be converted into additional CashStream common stock.  eCom
shall also receive a number of warrants equal to 33% of the number of the
number of shares issuable upon such conversion.  The warrants shall have a
3 year term and shall have piggyback registration rights.  This common
stock conversion, once completed, will represent for eCom approximately a
ten percent ownership in CashStream.


TTR HP Motorsport Marinesport Racing, LLC
-----------------------------------------

In September, 2001, eCom announced that it has entered into an agreement to
acquire 15 percent of TTR HP Motorsport Marinesport Racing LLC ("TTRHP"), a
Utah Limited Liability Company.  TTRHP was formed to develop, manufacture and
distribute a product line of high tech, performance products and automotive
exhaust systems aimed primarily at the diesel truck market. TTRHP will also
offer similar products to the marine and snowmobile market.  The company has
a U.S. patent pending for its AEROTURBINE muffler technology.  AEROTURBINE
creates an air turbine effect inside the exhaust system.  Opposite of most
mufflers on the market, the AEROTURBINE operates most efficiently when the
airflow of engine RPM increases.  The resulting air turbine effect increases
low-and high-end torque as well as horsepower gains and overall performance
improvements.


                                       6

<PAGE>

Risk Factors
------------

ECCM has devoted much of its time and resources in identifying market/client
needs.  ECCM is evaluating its future plans, business opportunities and
developing a business strategy to be a going concern.  That being the case
and the limited number of staff available at this time severely hampers the
company's ability for earnings.  The company's competitors have larger
marketing and sales organizations, greater financial resources, and superior
sized software development staffs.  This places the competition at a
significant advantage.  ECCM does not have many resources at this time,
and it is questionable if the Company can remain a going concern.


(a)  Limited Operating History

The Company was first incorporated in the State of Nevada on October 6, 1998.
Accordingly, the Company has a limited operating history upon which an
evaluation of the Company, its current business and its prospects can be
based, each of which must be considered in light of the risks, expenses and
problems frequently encountered by all companies in the early stages of
development, and particularly by such companies entering new and rapidly
developing markets like the Internet.  The Company's prospects must be
considered in light of the risks, uncertainties, expenses and difficulties
frequently encountered by companies in their early stages of development.

The ability of the Company to manage its operations, including the amount and
timing of capital expenditures and other costs relating to the expansion of
the company's operations, the introduction and development of different or
more extensive communities by direct and indirect competitors of the Company,
including those with greater financial, technical and marketing resources,
the inability of the Company to attract, retain and motivate qualified
personnel and general economic conditions.


(b)  Anticipated Losses for the Foreseeable Future

The Company has not achieved profitability to date, and the Company
anticipates that it will continue to incur net losses for the foreseeable
future.  The extent of these losses will depend, in part, on the amount of
Company's growth.  As of December 31, 2001, the Company had an accumulated
deficit of three million forty-two thousand one hundred twenty-four
($3,042,124) dollars.  The Company expects that its operating expenses will
increase significantly during the next several years, especially in the
areas of identify and finding acquisition targets.  Thus, the Company will
need to generate increased revenues to achieve profitability.  To the extent
that increases in its operating expenses precede or are not subsequently
followed by commensurate increases in revenues, or that the Company is
unable to adjust operating expense levels accordingly, the Company's business,
results of operations and financial condition would be materially and
adversely affected.  There can be no assurances that the Company can achieve
or sustain profitability or that the Company's operating losses will not
increase in the future.

                                       7
<PAGE>

(c)  Developing New Business Strategies

The Company is currently assessing various options and strategies to become
a profitable corporation.  This includes, but is not limited to an analysis
of new businesses opportunities and evaluating new business strategies.  In
analyzing prospective businesses opportunities, the Company's management
will consider, to the extent applicable, the available technical, financial
and managerial resources of any given business venture.  Management will also
consider the nature of present and expected competition; potential advances
in research and development or exploration; the potential for growth and
expansion; the likelihood of sustaining a profit within given time frames;
the perceived public recognition or acceptance of products, services, trade
or service marks; name identification; and other relevant factors.  The
Company anticipates that the results of operations of a specific business
venture may not necessarily be indicative of the potential for future
earnings, which may be impacted by a change in marketing strategies, business
expansion, modifying product emphasis, changing or substantially augmenting
management, and other factors.

The Company will analyze all relevant factors and make a determination based
On a composite of available information, without reliance on any single factor.
The period within which the Company will decide to participate in a given
business venture cannot be predicted and will depend on certain factors,
including the time involved in identifying businesses, the time required for
the Company to complete its analysis of such  businesses, the time required
to prepare appropriate documentation and other circumstances.


(d)  Evaluating a Business Combination

The Company has not yet determined if it plans to seek or identify a business
combination with a private entity whose business presents an opportunity for
Company shareholders.  Before this decision can be made the Company's
management needs to review and evaluate business ventures for possible
mergers or acquisitions.  The Company has not entered into any agreement, nor
does it have any commitment or understanding to enter into or become engaged
in a transaction, as of the date of this filing.  Further, the business
objectives discussed herein are extremely general and are not intended to
restrict the discretion of the Company's management.

A decision to participate in a specific business opportunity will be made based
upon a Company analysis of the quality of the prospective business opportunity's
management and personnel, asset base, the anticipated acceptability of business'
products or marketing concepts, the merit of a business plan, and numerous other
factors which are difficult, if not impossible, to analyze using any objective
criteria.




                                       8

<PAGE>



(e)  Selection of a Business Opportunity

Should the company pursue other potential business opportunities, it anticipates
they will be referred from various sources, including its officers and
directors, professional advisors, and its shareholders, who may present
unsolicited proposals.  The Company does not plan to engage in any general
solicitation or advertising for a business opportunity, and would rely upon
personal contacts of its officers, as well as indirect associations with other
business and professional people.  Management's reliance on "word of mouth"
may limit the number of potential business opportunities identified.  While it
is not presently anticipated that the Company will engage unaffiliated
professional  firms specializing in business acquisitions or reorganizations,
such firms may be retained if management deems it in the best interest of the
Company.  As of the filing date there have been no discussions, agreements or
understandings with any professional advisors, financial consultants, broker-
dealers or venture capitalists.  The Company's present intentions are to rely
upon its president to effect those services normally provided by professional
advisors or financial consultants.

The Company will not restrict its search to any particular business, industry,
or geographical location.  Management reserves the right to evaluate and enter
into any type of business in any location.  In seeking a business venture, the
decision of management will not be controlled by an attempt to take advantage of
any anticipated or perceived appeal of a specific industry, management group,
product, or industry, but will be based on the business objective of seeking
long-term capital appreciation.  The Company may participate in a newly
organized business venture  or in a more  established business.  Participation
in a new business venture entails greater risks since, in many instances,
management of such a venture may not have a proven track record; the eventual
market for such venture's product or services will likely not be established;
and the profitability of the venture will be untested and impossible to
accurately forecast.  Should the Company participate in a more established
venture that is experiencing financial difficulty, risks may stem from the
Company's inability to generate sufficient funds to manage or reverse the
circumstances causing such financial problems.

 (f)  Operation of Business After Acquisition

If management decides to pursue a merger or acquisition, the Company will be
dependent on the nature of the business and the interest acquired.  The
Company is unable to determine at this time whether the Company will be in
control of the business or whether present management will be in control of the
Company following the acquisition.  It may be expected that the business will
present various risks, which cannot be predicted at the present time.

(g)  Risks Associated with Acquisitions

If appropriate opportunities present themselves, the Company would acquire
businesses, technologies, services or product(s) that the Company believes
are strategic.



                                       9

<PAGE>


The Company currently has no understandings, commitments or agreements with
respect to any other material acquisition and no other material acquisition
is currently being pursued.  There can be no assurance that the Company will
be able to identify, negotiate or finance future acquisitions successfully,
or to integrate such acquisitions with its current business.  The process of
integrating an acquired business, technology, service or product(s) into the
Company may result in unforeseen operating difficulties and expenditures and
may absorb significant management attention that would otherwise be available
for ongoing development of the Company's business.  Moreover, there can be no
assurance that the anticipated benefits of any acquisition will be realized.
Future acquisitions could result in potentially dilutive issuances of equity
securities, the incurrence of debt, contingent liabilities and/or
amortization expenses related to goodwill and other intangible assets, which
could materially adversely affect the Company's business, results of
operations and financial condition.  Any future acquisitions of other
businesses, technologies, services or product(s) might require the Company to
obtain additional equity or debt financing, which might not be available on
terms favorable to the Company, or at all, and such financing, if available,
might be dilutive.

(h)  Competition

The Company will be involved in intense competition with other business
entities, many of which will have a competitive edge over the Company by
virtue of their stronger financial resources and prior experience in business.
There is no assurance that the Company will be successful in identifying and
executing suitable business opportunities.

(i)  Risks Associated With New Services, Features and Functions

As the Company develops its new business strategies, there can be no assurance
that the Company would be able to expand its operations in a cost-effective or
timely manner or that any such efforts would maintain or increase overall
market acceptance.  Furthermore, any new business launched by the Company that
is not favorably received by consumers could damage the Company's reputation.
Expansion of the Company's operations in this manner would also
require significant additional expenses and development, Company's management,
financial and operational resources.  The lack of market acceptance of the
Company's products would result in the Company's inability to generate
satisfactory revenues and its inability to offset their costs could have a
material adverse effect on the Company's business, results of operations
and financial condition.

(j) Potential Fluctuations in Operating Results; Quarterly Fluctuations

The Company's operating results may fluctuate significantly in the future
as a result of a variety of factors, many of which are outside the Company's
control.  See "--Limited Operating History."   As a strategic response to
changes in the competitive environment, the Company may from time to time
have to make certain pricing, marketing decisions or acquisitions that could
have a material short-term or long-term adverse effect on the Company's
business, results of operations and financial condition.


                                       10
<PAGE>


There can be no assurance that such patterns will not have a material adverse
effect on the Company's business, results of operations and financial
condition.  There can be no assurance that the Company will receive any
material amount of revenue as it pursues new business strategies in the
future.  The foregoing factors, in some future quarters, may lead the
Company's operating results to fall below the expectations.


2) Status of Any Announced New Product or Service

The Company does not have any announced new product or service.  If the
Company can find a supplier to market their products through the Company's
Internet site, then these would be considered new products marketed by the
company.  The Company, however, has yet to announce any new products and has
not announced any other recent additions or services.


3) Customers

The Company believes that establishing and maintaining brand identity is a
critical aspect of its efforts to attract new customers.  The Company intends
to make a commitment to the creation and maintenance of brand loyalty.

There can be no assurance that brand promotion activities will yield
increased revenues or that any such revenues would offset the expenses
incurred by the Company in building its brands.  Further, there can be no
assurance that any new users attracted to ECCM will conduct transactions
with ECCM on a regular basis.  If the Company fails to promote and
maintain its brand or incurs substantial expenses in an attempt to promote
and maintain its brand or if the Company's existing or future strategic
relationships fail to promote the Company's brand or increase brand
awareness, the Company's business, results of operations and financial
condition would be materially adversely affected.


4)  Patents, Trademarks, Licenses, Franchises, Concessions, Royalty
    Agreements, or Labor Contracts

The Company regards substantial elements of its former Web site and
underlying infrastructure and technology as proprietary and attempts to
protect them by relying on trademark, service mark, copyright and trade
secret laws and restrictions on disclosure and transferring title and other
methods.  The Company plans to enter into confidentiality agreements with its
future employees, future suppliers and future consultants and in connection
with its license agreements with third parties and generally seeks to control
access to and distribution of its technology, documentation and other
proprietary information.  Despite these precautions, it may be possible for a
third party to copy or otherwise obtain and use the Company's proprietary
information without authorization or to develop similar technology
independently.


                                       11

<PAGE>


There can be no assurance that the steps taken by the Company will prevent
misappropriation or infringement of its proprietary information, which could
have a material adverse effect on the Company's business, results of
operations and financial condition. Litigation may be necessary in the future
to enforce the Company's intellectual property rights, to protect the
Company's trade secrets or to determine the validity and scope of the
proprietary rights of others.  Such litigation might result in substantial
costs and diversion of resources and management attention.  Furthermore,
there can be no assurance that the Company's business activities will not
infringe upon the proprietary rights of others, or that other parties will
not assert infringement claims against the Company.  Moreover, from time to
time, the Company may be subject to claims of alleged infringement by the
Company or service marks and other intellectual property rights of third
parties.  Such claims and any resultant litigation, should it occur, might
subject the Company to significant liability for damages, might result in
invalidation of the Company's proprietary rights and, even if not meritorious,
could result in substantial costs and diversion of resources and management
attention and could have a material adverse effect on the Company's business,
results of operations and financial condition.

5)  Government Regulation

It is impossible to anticipate government regulations, if any, to which the
Company may be subject until it defines its business strategies.  The use of
assets to conduct a business which the Company may acquire could subject it
to environmental, public health and safety, land use, trade, or other
governmental regulations and state or local taxation.  In selecting a business
in which to acquire an interest, management will endeavor to ascertain, to the
extent of the limited resources of the Company, the effects of such government
regulation on the prospective business of the Company.  In certain
circumstances, however, such as the acquisition of an interest in a new or
start-up business activity, it may not be possible to predict with any degree
of accuracy the impact of government regulation.  The inability to ascertain
the effect of government regulation on a prospective business activity presents
a risk to the Company.


6) Research and Development Activities

The Company needs to develop and identify products that achieve market
acceptance by its users.  There can be no assurance that ECCM, will be able
to identify such products or achieve market acceptance.  Accordingly, no
assurance can be given that the Company's future business model will be
successful or that it can sustain revenue growth or be profitable.  Therefore,
if the Company develops a product line which does not achieve or sustain
market acceptance, the Company's business, results of operation may be
materially and adversely affected.



                                       12

<PAGE>


There can be no assurances the Company will be successful in accomplishing
all of these things, and the failure to do so could have a material adverse
effect on the company's business, results of operations and financial
condition.

7)  Employees

The Company currently has two (2) employees: one President and Corporate
Secretary, who serve as Officers of the Company.  The Company has no
intention at this time to add employees.

(i) The Company's performance and success is dependent on management's
ability to develop, create and execute strategies for the company.

(ii) The Company does not carry key person life insurance on any of its
personnel. The loss of the services of any of its executive officers or other
key employees could have a material adverse effect on the business, results of
operations and financial condition of the Company.  The Company's future
success also depends on its ability to retain and attract highly qualified
technical and managerial personnel.

(iii)  There can be no assurance that the Company will be able to retain its
key managerial and technical personnel or that it will be able to attract and
retain additional highly qualified technical and managerial personnel in the
future.   The inability to attract and retain the technical and managerial
personnel necessary to support the growth of the Company's business, due to,
among other things, a large increase in the wages demanded by such personnel,
could have a material adverse effect upon the Company's business, results of
operations and financial condition.


ITEM 2.  DESCRIPTION OF PROPERTY.

The Company's corporate headquarters are located at: 2078 Prospector Avenue,
Park City, UT  84060. Registrant's telephone number, including area code:
(435) 655-8769.  The office space is rented from one of the Directors of the
Company at a cost of $9,000 per year to the Company.

ITEM 3.  LEGAL PROCEEDINGS.

As of the date hereof, eCom Corporation is not a party to any material
legal proceedings, and none are known to be contemplated against eCom,
Inc.

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

No matters were submitted to a vote of security holders during the fiscal year
ended December 31, 2001.






                                        13
<PAGE>



                                PART II

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

(i) Market Information
----------------------

Until October 27, 1999, there was no public trading market for the Company's
stock.  On that day the Company's common stock was cleared for trading on the
OTC Bulletin Board system under the symbol ECCM.  A very limited market exists
for the trading of the Company's common stock.

The table below sets forth the high and low bid prices of our common stock for
each quarter shown, as provided by the Nasdaq Trading and Market Services
Research Unit.  Quotations reflect inter-dealer prices, without retail mark-up,
mark-down or commission and may not represent actual transactions.

<TABLE>
<CAPTION>



FISCAL 1999                                  HIGH              LOW
--------------------------------             ----              ----
<S>                                          <C>               <C>
Quarter Ended March 31, 1999                 N/A               N/A
Quarter Ended June 30, 1999                  N/A               N/A
Quarter Ended September 30, 1999             N/A               N/A
Quarter ended December 31, 1999              $2.00             $0.37

FISCAL 2000                                  HIGH              LOW
--------------------------------             ----              ----
Quarter Ended March 31, 2000                 $4.03             $0.37
Quarter Ended June 30, 2000                  $7.31             $2.00
Quarter Ended September 30, 2000             $4.92             $2.00
Quarter ended December 31, 2000              $3.98             $0.81

FISCAL 2001                                  HIGH              LOW
--------------------------------             ----              ----
Quarter Ended March 31, 2001                 $3.88             $1.06
Quarter Ended June 30, 2001                  $1.80             $0.52
Quarter Ended September 30, 2001             $1.00             $0.20
Quarter ended December 31, 2001              $0.29             $0.03


</TABLE>






                                        14
<PAGE>


Holders
-------

The approximate number of holders of record of common stock as of December 31,
2001 was two hundred eighteen (218).

Dividends
---------

Holders of common stock are entitled to receive such dividends as the board of
directors may from time to time declare out of funds legally  available for the
payment of dividends. No dividends have been paid on our common stock, and we do
not anticipate paying any dividends on our common stock in the foreseeable
future.


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

(i) General
-----------

(1) During the twelve month operating period ended December 31, 2001, the
Company incurred a net loss of $2,276,758, or a loss of $0.10 per share, this
compared to a net loss for the same period last year of $717,609, or $0.04
per share.  The majority of this loss was a result of consulting services.
(See "Statement of Operations")

The Company has a limited operating history upon which an evaluation of the
Company, its current business and its prospects can be based.  The Company's
prospects must be considered in light of the risks, uncertainties, expenses
and difficulties frequently encountered by companies in their early stages
of development.  Such risks include, the company's inability to anticipate and
adapt to a developing market, the failure of the company's infrastructure,
changes in laws that adversely affect the company's business, the ability of
the Company to manage its operations, including the amount and timing of
capital expenditures and other costs relating to the expansion of the
company's operations, the introduction and development of different or more
extensive communities by direct and indirect competitors of the Company,
including those with greater financial, technical and marketing resources,
the inability of the Company to attract, retain and motivate qualified
personnel and general economic conditions.

The Company has achieved minimal revenues and no profits to date, and the
Company anticipates that it will continue to incur net losses for the
foreseeable future.  As of December 31, 2001, the Company had an accumulated
deficit of three million forty-two thousand one hundred twenty-four
($3,042,124) dollars.





                                        15
<PAGE>



The Company expects that its operating expenses will increase significantly,
especially as it fine tunes its business plan.  Thus, the Company will need
to generate increased revenues to achieve any profitability.  To the extent
that increases in its operating expenses precede or are not subsequently
followed by commensurate increases in revenues, or that the Company is unable
to adjust operating expense levels accordingly, the Company's business,
results of operations and financial condition would be materially and
adversely affected.  There can be no assurances that the Company can achieve
or sustain profitability or that the Company's operating losses will not
increase in the future.

The Company's independent auditor has issued the following Going Concern
Comment, "The Company's financial statements are prepared using the
generally accepted accounting principles applicable to a going concern,
which contemplates the realization of assets and liquidation of liabilities
in the normal course of business.  However, the Company has not commenced
its planned principal operations.  Without realization of additional capital,
it would be unlikely for the Company to continue as a going concern.  The
Company  plans  to  raise operating capital via debt and equity offerings.
However, there is no assurity that such offerings will be successful or
sufficient to fund the operations  of the Company.  In the event the
offerings are insufficient, the Company will be financed by its officers,
directors, and existing shareholders. (See Financial Note #5.)


(ii) Results of Operations
--------------------------

As a developmental stage Company, the Company generated minimal revenues
since its inception.  In addition, the Company does not expect to generate
any significant revenues over the next approximately to twelve (12) months.
During calendar year, 2001, the Company experienced net losses of $2,276,758,
or a loss of $0.10 per share, this compared to a net loss for the same period
last year of $717,609, or $0.04.  The bulk of these expenses were for
consulting services ($1,430,200); general and administrative expenses
($161,114); reserve for bad debt ($717,500); and loss on investments
($235,000).  The Company does not have any material commitments for capital
expenditures.

(iii) Liquidity and Capital Resources
-------------------------------------

The Company is authorized to issue 80,000,000 shares of its $0.001 par value
common stock and 10,000,000 shares of its $0.001 par value preferred stock.

On October 8, 1998, the Company issued 3,230,000 shares of its $0.001 par value
common stock to its officers as founders stock for cash of $6,000.

On February 1, 1999, the Company issued 207,450 shares of its $0.001 par value
common  stock for cash of $20,745.  The shares were issued pursuant to a
Regulation D, Rule 504 of the Securities and Exchange Commission Act of 1933,
offering.


                                        16
<PAGE>


On May 3, 1999, the Company issued 1,000,000 shares of its $0.001 par value
common stock for cash of $10,000.  The shares were issued pursuant to a
Regulation D, Rule 504 of the Securities and Exchange Commission Act of 1933,
offering.

On May 3, 1999, the Company issued 1,000,000 shares of its $0.001 par value
common stock to a former director for services valued at $10,000.
 On December 17, 1999, the Company issued 12,000,000 share of its $0.001 par
value common stock for an installment note receivable in the amount of $120,000
bearing interest at 10% per annum and due December 16, 2000.  As of December
31, 2001, the note was paid in full and recorded against Subscription
Receivable.

On September 30, 2000, the Company issued 3,986,740 shares of its $0.001 par
value  common stock for cash of $3,231,825 and Subscription Receivables of
$755,000.  The shares were issued pursuant to a Regulation D, Rule 506 of the
Securities and Exchange Commission Act of 1933, offering.

The Company loaned $550,000 out of funds held in escrow to CacheStream
Corporation.  The loan is supported by a Promissory Note bearing interest at
10% per annum  and  due in full on or before March  29,  2004.  The Company
recorded $65,707 in interest  receivable and income for the year ended December
31, 2001.

The Company loaned $60,000 out of funds held in escrow to Aircrete, Inc.  The
loan is supported by a Promissory Note bearing interest at 10% per annum and
due on demand.  No interest was recorded for the year ended December 31, 2001.

The Company advanced $1,415,000 in ACSSports.com, Inc., a Delaware corporation,
for a 10% convertible promissory note.  In the event that ACSSports.com,  Inc.
defaults on the note, the Company has the right to convert the note to shares
of ACSSports.com common stock at a rate of 1 share to $1.00 of principal and
interest  due at the time of conversion.  The Company recorded $230,349 in
interest receivable and income for the year ended December 31, 2001.  A 50%
"Reserve for Bad Debt" (or a total of $717,500) has been accrued against the
note based on the Company's assessment of the collectibility of the loan.

On July 2, 2001, the Company issued 450,000 shares of its $0.001 par value
common stock for consulting services valued at $360,000, which represents the
fair market value of the shares on the date of issuance.  The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

On July 13, 2001, the Company issued 350,000 shares of its $0.001  par value
common  stock for consulting services valued at $262,500, which represents the
fair market value of the shares on the  date of issuance.  The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.



                                        17
<PAGE>




On August 23, 2001, the Company issued 1,200,000 shares of its $0.001 par value
common stock for consulting services valued at  $384,000, which represents the
fair  market value of the shares on the date of issuance.  The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

On November 5, 2001, the Company issued 2,000,000 shares of its $0.001 par
value common stock for consulting services valued at $320,000, which represents
the fair market value of the shares on the date of issuance.  The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

There have been no other issuances of common or preferred stock.

As December 31, 2001, the Company has approximately 25,318,190 shares of its
$0.001 par value common voting stock issued and outstanding which are held by
approximately two hundred eighteen (218) shareholders of record.




                                      18


<PAGE>

ITEM 7.  FINANCIAL STATEMENTS.




                                   ECOM CORP
                         (A DEVELOPMENT STAGE COMPANY)

                                BALANCE SHEETS
                                     AS OF
                          DECEMBER 31, 2001 AND 2000

                                      AND

                             STATEMENTS OF INCOME,
                           STOCKHOLDERS' EQUITY, AND
                                  CASH FLOWS
                                  YEARS ENDED
                          DECEMBER 31, 2001 AND 2000
                              AND FOR THE PERIOD
                      OCTOBER 6, 1998 (DATE OF INCEPTION)
                             TO DECEMBER 31, 2001



                                     19

<PAGE>








                               TABLE OF CONTENTS

<TABLE>
<CAPTION>

TABLE OF CONTENTS


                                                                   PAGE
<S>                                                                <C>
Independent Auditor's Report                                       F-1

Balance Sheet                                                      F-2

Income Statement                                                   F-3

Statement of Stockholders' Equity                                  F-4

Statement of Cash Flows                                            F-5

Footnotes                                                          F-6-12

</TABLE>


                                    20

<PAGE>





G. BRAD BECKSTEAD
---------------------------
CERTIFIED PUBLIC ACCOUNTANT
                                                            330 E. Warm Springs
                                                            Las Vegas, NV 89119
                                                                   702.257.1984
                                                             702.362.0540 (fax)

                         INDEPENDENT AUDITOR'S REPORT


April 4, 2002

Board of Directors
eCom Corp
Las Vegas, NV

I  have  audited the Balance Sheets of eCom Corp (the "Company") (a Development
Stage Company), as of December 31, 2001 and 2000, and the related Statements of
Operations,  Stockholders' Equity, and Cash Flows for the years then ended, and
for the period October 6, 1998 (Date of Inception) to December 31, 2001.  These
financial statements  are  the  responsibility of the Company's management.  My
responsibility is to express an opinion  on these financial statements based on
my audit.

I conducted my audit in accordance with generally  accepted  auditing standards
in  the  United  States of America.  Those standards require that  I  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
statement  presentation.   An  audit also  includes  assessing  the  accounting
principles used and significant  estimates  made  by  management,  as  well  as
evaluating  the  overall  financial  statement presentation.  I believe that my
audit provides a reasonable basis for my opinion.

In my opinion, the financial statements  referred  to  above present fairly, in
all material respects, the Balance Sheets of eCom Corp as  of December 31, 2001
and 2000, and its related statements of operations, equity and  cash  flows for
the years then ended, and for the period October 6, 1998 (Date of Inception) to
December  31, 2001, in conformity with generally accepted accounting principles
in the United States of America.

The accompanying  financial  statements have been prepared assuming the Company
will continue as a going concern.   As  discussed  in  Note  5 to the financial
statements,  the  Company  has  had  limited operations and have not  commenced
planned principal operations.  This raises  substantial doubt about its ability
to continue as a going concern.  Management's  plan  in regard to these matters
are  also described in Note 5.  The financial statements  do  not  include  any
adjustments that might result from the outcome of this uncertainty.

/s/ G. Brad Beckstead
-----------------------
G. Brad Beckstead, CPA

                                     F-1
<PAGE>




                                ECOM CORPORATION
                         (A Development Stage Company)
                                 BALANCE SHEET




<TABLE>
<CAPTION>

BALANCE SHEET


                                                 December 31,    December 31,
                                                      2001           2000
                                                --------------  -------------
<S>                                             <C>             <C>
ASSETS

Current Assets:
   Cash                                         $            -  $           -
   Funds held in escrow                                      -      1,079,952
   Short-term notes receivable                         610,000              -
   Interest receivable                                 276,056              -
                                                --------------  -------------
      Total current assets                             886,056      1,079,952
                                                --------------  -------------
Long-term note receivable, net                         717,500      1,435,000
                                                --------------  -------------
                                                $    1,603,556  $   2,514,952
                                                ==============  =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
   Checks issued in excess of cash available    $            -  $       1,748
   Loans from shareholder                               26,610              -
                                                --------------  -------------
      Total current liabilities                         26,610          1,748
                                                --------------  -------------

Stockholders' Equity:
   Preferred stock,$0.001 par value,20,000,000
      shares authorized, zero shares issued
      and outstanding                                        -              -
   Common stock,$0.001 par value, 80,000,000
      shares authorized, 25,318,190 and
      21,424,190 shares issued and outstanding
      as of 12/31/01 and 12/31/00,respectively          25,318         21,424
   Additional paid-in capital                        5,348,752      4,132,146
   Subscriptions receivable                          (755,000)      (875,000)
   (Deficit) accumulated during development
      stage                                        (3,042,124)      (765,366)
                                                --------------  -------------
                                                     1,576,946      2,513,204
                                                --------------  -------------
                                                $    1,603,556  $   2,514,952
                                                ==============  =============

</TABLE>

                See accompanying notes to financial statements.


                                     F-2

<PAGE>

                                  ECOM CORPORATION
                           (A Development Stage Company)
                             STATEMENTS OF OPERATIONS
                  FOR THE YEARS ENDED DECEMBER 31, 2001 AND 2000
        AND FOR THE PERIOD OCTOBER 6, 1999 (INCEPTION) TO DECEMBER 31, 2001


<TABLE>
<CAPTION>

STATEMENTS OF OPERATIONS


                                                               October 6,1999
                                        For the Year Ended     (Inception) to
                                           December 31,         December 31,
                                     ------------------------
                                          2001        2000          2001
                                     -----------  -----------  --------------
<S>                                  <C>          <C>          <C>
Revenue                              $         -  $         -  $        8,985
                                     -----------  -----------  --------------
Expenses:
   Consulting services                 1,430,200      628,748       2,058,948
   Rent - related party                    9,000            -           9,000
   General and admin. expenses           161,114      100,861         318,717
                                     -----------  -----------  --------------
       Total expenses                  1,600,314      729,609       2,386,665
                                     -----------  -----------  --------------
Net non-operating (loss)             (1,600,314)    (729,609)     (2,377,680)
                                     -----------  -----------  --------------

Other income (expense):
   (Reserve) for bad debt              (717,500)            -       (717,500)
   (Loss) on investments               (235,000)            -       (235,000)
   Interest income                      276,056        12,000        288,056
                                     -----------  -----------  --------------
      Total other income (expense)     (676,444)       12,000       (664,444)
                                     -----------  -----------  --------------
Net (loss)                           $(2,276,758) $ (717,609)  $  (3,042,124)
                                     ===========  ===========  ==============

Weighted average number of common
   shares outstanding-basic and
   fully diluted                      22,661,348   18,766,363
                                     ===========  ===========

Net (loss) per share - basic and
   fully diluted                     $    (0.10)  $    (0.04)
                                     ===========  ===========

</TABLE>

                See accompanying notes to financial statements.


                                       F-3

<PAGE>


                                   ECOM CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
    FOR THE PERIOD OCTOBER 8, 1998 (DATE OF INCEPTION) TO DECEMBER 31, 2000


<TABLE>
<CAPTION>

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

                                                       (DEFICIT)
             COMMON STOCK                             ACCUMULATED
          ------------------ ADDITIONAL                  DURING        TOTAL
          SHARES     AMOUNT   PAID-IN   SUBSCRIPTIONS DEVELOPMENT  STOCKHOLDERS'
                               CAPITAL    RECEIVABLE     STAGE  EQUITY (DEFICIT)
          ---------- ------- ---------- ------------- ------------ -------------
<S>       <C>        <C>     <C>        <C>           <C>          <C>
Oct 8,1998
 Shares
 issued
 for cash  3,230,000 $ 3,230 $    2,770 $           - $          - $       6,000

Net (loss)
 Oct 8,
 1998
(inceptio-
 n) to Dec
 31,1998                                                   (1,739)       (1,739)
          ---------- ------- ---------- ------------- ------------ -------------
Balance,
Dec 31,
1998       3,230,000   3,230      2,770             -      (1,739)         4,261

Feb 1,
1999
Shares
issued for
cash         207,450     207     20,538                                   20,745

May 3,
1999
Shares
issued for
cash         100,000   1,000      9,000                                   10,000

May 3,
1999
Shares
issued for
services     100,000   1,000      9,000                                   10,000

Dec 17,
1999
Shares
issued for
note
receivable12,000,000  12,000    108,000     (120,000)                          -

Net (loss)
 year
 ended
 Dec 31,
2000                                                     (717,609)     (717,609)
          ---------- ------- ---------- ------------- ------------ -------------
Balance,
Dec 31,
2000      21,424,190  21,424  4,132,146     (875,000)    (765,366)     2,513,204

July 2,
2001
 Shares
 issued
 for
 services    450,000     450    359,550                                  360,000

July 13,
2001
 Shares
 issued
 for
 services    350,000     350    262,150                                  262,500

August 23,
2001
 Shares
 issued
 for
 services  1,200,000   1,200    382,800                                  384,000

Nov 5,
2001
 Shares
 issued
 for
 services  2,000,000   2,000    318,000                                  320,000

Dec 31,
2001
 Cancelled
 Shares    (106,000)   (106)  (105,894)                                (106,000)

Dec 31,
2001
 Subscri-
 ptions
 paid                                         120,000                    120,000

Net (loss)
 Year
 ended
 Dec 31,
 2001                                                  (2,276,758)   (2,276,758)
          ---------- ------- ---------- ------------- ------------ -------------
Balance,
Dec 31,
2001      25,318,190 $25,318 $5,348,752     (755,000) $(3,042,124) $   1,576,946
          ========== ======= ========== ============= ============ =============

</TABLE>

                See accompanying notes to financial statements.


                                         F-4


<PAGE>

                                   ECOM CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                               STATEMENT OF CASH FLOWS
                   FOR THE YEARS ENDED DECEMBER 31, 2001 AND 2000
         AND FOR THE PERIOD OCTOBER 6, 1999 (INCEPTION) TO DECEMBER 31, 2001


<TABLE>
<CAPTION>

STATEMENT OF CASH FLOWS


                                                                   October 6,
                                                                     1999
                                        For the Year Ended     (Inception) to
                                           December 31,          December 31,
                                        2001         2000           2001
                                     -----------  -----------  --------------
<S>                                  <C>          <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)                           $(2,276,758) $ (717,609)  $  (3,042,124)
Shares issued for consultings
  services                              1,326,500           -       1,326,500
Reserve for bad debt                      717,500           -         717,500
Loss on investments                       235,000           -         235,000
Adjustments to reconcile net (loss)
  to cash (used) by operating
  activities:
  Increase (decrease) in checks
  issued in excess of cash                (1,748)       1,748               -
  (Decrease) in current liabilities             -     (1,053)               -
                                     -----------  -----------  --------------
Net cash provided (used) by
  operating activities                       494    (716,914)       (763,124)
                                     -----------  -----------  --------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Investments in unrelated companies   (235,000)            -       (235,000)
  Short-term notes receivable          (610,000)            -       (610,000)
  Interest receivable                  (276,056)            -       (276,056)
  Long-term note receivable                    -  (1,435,000)     (1,435,000)
                                     -----------  -----------  --------------
Net cash (used) by investing
  activities                         (1,121,056)  (1,435,000)     (2,556,056)
                                     -----------  -----------  --------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                     -    3,986,825       4,153,570
  Cancelled shares                     (106,000)            -       (106,000)
  (Increase) decrease in
    subscriptions receivable             120,000    (755,000)       (755,000)
  Loan from shareholder                   26,610            -          26,610
  Funds transferred (to) from escrow   1,079,952  (1,079,952)               -
                                     -----------  -----------  --------------
Net cash provided by financing
  activities                           1,120,562    2,151,873       3,319,180
                                     -----------  -----------  --------------

Net (decrease) increase in cash                -         (41)               -
Cash - beginning                               -           41               -
                                     -----------  -----------  --------------
Cash - ending                        $         -  $         -  $            -
                                     ===========  ===========  ==============

Supplemental disclosures:
  Interest paid                      $         -  $         -  $            -
                                     ===========  ===========  ==============
  Income taxes paid                  $         -  $         -  $            -
                                     ===========  ===========  ==============
  Non-cash transactions:
  Value of common stock issued
    for services                     $ 1,326,500  $         -  $    1,336,500
                                     ===========  ===========  ==============
  Number of shares issued for
    services                           4,000,000            -       5,000,000
                                     ===========  ===========  ==============

</TABLE>

                See accompanying notes to financial statements.


                                      F-5


<PAGE>

                                   ECOM CORP
                                     NOTES

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES

Organization
------------
The Company was organized October 6, 1998 (Date of Inception) under the laws of
the  State  of  Nevada,  as  eCom  Corp.   The  Company  is authorized to issue
80,000,000  shares  of  $0.001 par value common stock and 5,000,000  shares  of
$0.001 par value preferred stock.

The Company has had limited  operations,  and  in  accordance with SFAS #7, the
Company is considered a development stage company.

Estimates
---------
The preparation of financial statements in conformity  with  generally accepted
accounting  principles  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  revenue  and expenses during the reporting  period.
Actual results could differ from those estimates.

Cash and cash equivalents
-------------------------
The Company maintains a cash balance in  a  non-interest-bearing  account  that
currently  does  not  exceed  federally insured limits.  For the purpose of the
statements  of  cash flows, all highly  liquid  investments  with  an  original
maturity of three months or less are considered to be cash equivalents.

Revenue recognition
-------------------
The Company recognizes revenue on an accrual basis as it invoices for services.

Reporting on the costs of start-up activities
Statement of Position  98-5  (SOP  98-5),  "Reporting  on the Costs of Start-Up
Activities,"  which  provides guidance on the financial reporting  of  start-up
costs and organizational  costs, requires most costs of start-up activities and
organizational costs to be  expensed  as  incurred.   SOP 98-5 is effective for
fiscal years beginning after December 15, 1998.  With the adoption of SOP 98-5,
there has been little or no effect on the Company's financial statements.



                                    F-6

<PAGE>





                                   ECOM CORP
                                     NOTES


Loss per share
--------------
Net  loss  per  share  is  provided in accordance with Statement  of  Financial
Accounting Standards No. 128  (SFAS #128) "Earnings Per Share".  Basic loss per
share is computed by dividing losses  available  to  common stockholders by the
weighted average number of common shares outstanding during  the  period.   The
Company  had  no  dilutive  common  stock equivalents, such as stock options or
warrants as of December 31, 2001.

Income taxes
------------
The  Company  follows  Statement  of Financial  Accounting  Standard  No.  109,
"Accounting for Income Taxes" ("SFAS  No. 109") for recording the provision for
income taxes.  Deferred tax assets and  liabilities are computed based upon the
difference between the financial statement  and  income tax basis of assets and
liabilities  using the enacted marginal tax rate applicable  when  the  related
asset or liability  is expected to be realized or settled.  Deferred income tax
expenses or benefits  are  based  on the changes in the asset or liability each
period.  If available evidence suggests  that  it  is more likely than not that
some  portion  or  all  of  the deferred tax assets will  not  be  realized,  a
valuation allowance is required to reduce the deferred tax assets to the amount
that is more likely than not  to be realized.  Future changes in such valuation
allowance are included in the provision for deferred income taxes in the period
of change.

Deferred  income taxes may arise  from  temporary  differences  resulting  from
income and  expense items reported for financial accounting and tax purposes in
different periods.   Deferred  taxes  are classified as current or non-current,
depending on the classification of assets and liabilities to which they relate.
Deferred taxes arising from temporary differences  that  are  not related to an
asset  or liability are classified as current or non-current depending  on  the
periods in which the temporary differences are expected to reverse.

Advertising Costs
-----------------
The Company  expenses  all  costs  of  advertising  as incurred.  There were no
advertising costs included in selling, general and administrative  expenses  in
2001.





                                    F-7

<PAGE>





                                   ECOM CORP
                                     NOTES

Fair value of financial instruments
-----------------------------------
Fair value estimates discussed herein are based upon certain market assumptions
and pertinent information available to management as of December 31, 2001.  The
respective  carrying  value  of  certain on-balance-sheet financial instruments
approximated their fair values. These  financial  instruments  include cash and
accounts payable. Fair values were assumed to approximate carrying  values  for
cash  and  payables  because  they  are short term in nature and their carrying
amounts approximate fair values or they are payable on demand.

Impairment of long lived assets
-------------------------------
Long  lived  assets held and used by the  Company  are  reviewed  for  possible
impairment whenever  events or circumstances indicate the carrying amount of an
asset may not be recoverable or is impaired.

In  accordance  with Statement  of  Financial  Accounting  Standards  No.  123,
"Impairment of Long-Lived  Assets",  the  Company  assessed  the  value  of its
Investments  in  unrelated  companies totaling $235,000 and determined that the
amount  should  be  written  off  in  total  as  "Loss  on  Investments".   The
determination was made based on  analysis  of  the  ability  of  the  unrelated
companies to continue as going concerns.

Segment reporting
-----------------
The  Company  follows  Statement  of  Financial  Accounting  Standards No. 130,
"Disclosures  About  Segments  of  an Enterprise and Related Information".  The
Company  operates as a single segment  and  will  evaluate  additional  segment
disclosure requirements as it expands its operations.

Stock-Based Compensation:
-------------------------
The Company  accounts  for  stock-based  awards to employees in accordance with
Accounting Principles Board Opinion No. 25,  "Accounting  for  Stock  Issued to
Employees"  and  related  interpretations  and  has adopted the disclosure-only
alternative of FAS No. 123, "Accounting for Stock-Based  Compensation." Options
granted to consultants, independent representatives and other non-employees are
accounted for using the fair value method as prescribed by FAS No. 123.

Dividends
---------
The Company has not yet adopted any policy regarding payment  of dividends.  No
dividends have been paid or declared since inception.

                                    F-8

<PAGE>

                                   ECOM CORP
                                     NOTES



Recent pronouncements
---------------------
The  FASB  recently  issued  Statement  No.  137,  "Accounting  for  Derivative
Instruments and Hedging Activities-Deferral of Effective Date of FASB Statement
No.  133".   The  Statement  defers  for  one  year  the effective date of FASB
Statement  No.  133,  "Accounting  for  Derivative  Instruments   and   Hedging
Activities".   The  rule  now  will  apply to all fiscal quarters of all fiscal
years beginning after June 15, 2000.   In  June  1998, the FASB issued SFAS No.
133,  "Accounting  for  Derivative  Instruments and Hedging  Activities."   The
Statement will require the company to  recognize all derivatives on the balance
sheet at fair value.  Derivatives that are  not hedges must be adjusted to fair
value through income, if the derivative is a  hedge, depending on the nature of
the  hedge,  changes in the fair value of derivatives  will  either  be  offset
against the change  in  fair  value  of the hedged assets, liabilities, or firm
commitments through earnings or recognized  in other comprehensive income until
the  hedged  item  is recognized in earnings.  The  ineffective  portion  of  a
derivative's change  in  fair value will be immediately recognized in earnings.
The company does not expect SFAS No. 133 to have a material impact on earning s
and financial position.

In  December  1999,  the Securities  and  Exchange  Commission  released  Staff
Accounting Bulletin No.  101,  Revenue Recognition in Financial Statements (SAB
No.  101),  which  provides  guidance  on  the  recognition,  presentation  and
disclosure of revenue in financial  statements.  SAB No. 101 did not impact the
company's revenue recognition policies.

NOTE 2 - SHORT AND LONG-TERM NOTES RECEIVABLE

The  Company  loaned  $550,000  out of funds  held  in  escrow  to  CacheStream
Corporation.  The loan is supported  by  a  Promissory Note bearing interest at
10%  per  annum  and  due in full on or before March  29,  2004.   The  Company
recorded $65,707 in interest  receivable and income for the year ended December
31, 2001.

The Company loaned $60,000 out  of  funds held in escrow to Aircrete, Inc.  The
loan is supported by a Promissory Note  bearing  interest  at 10% per annum and
due on demand.  No interest was recorded for the year ended December 31, 2001.

The Company advanced $1,415,000 in ACSSports.com, Inc., a Delaware corporation,
for  a 10% convertible promissory note.  In the event that ACSSports.com,  Inc.
defaults  on  the note, the Company has the right to convert the note to shares
of ACSSports.com  common  stock  at a rate of 1 share to $1.00 of principal and
interest  due at the time of conversion.   The  Company  recorded  $230,349  in
interest receivable  and  income  for  the year ended December 31, 2001.  A 50%
"Reserve for Bad Debt" (or a total of $717,500)  has  been  accrued against the
note based on the Company's assessment of the collectibility of the loan.

                                    F-9
<PAGE>


                                   ECOM CORP
                                     NOTES


NOTE 3 - INCOME TAXES

The  Company accounts for income taxes under Statement of Financial  Accounting
Standards  No.  109,  "Accounting  for  Income  Taxes"  ("SFAS No. 109"), which
requires  use of the liability method.   SFAS No.  109 provides  that  deferred
tax assets  and  liabilities  are recorded based on the differences between the
tax bases of assets and liabilities  and  their  carrying amounts for financial
reporting purposes, referred to as temporary differences.   Deferred tax assets
and  liabilities at the end of each period are determined using  the  currently
enacted  tax  rates  applied  to  taxable  income  in  the periods in which the
deferred tax assets and liabilities are expected to be settled or realized.

The provision for income taxes differs from the amount computed by applying the
statutory federal income tax rate to income before provision for income taxes.
The sources and tax effects of the differences are as follows:

                    U.S federal statutory rate          (34.0%)

                    Valuation reserve                     34.0%
                                                        -------
                    Total                                    -%
                                                        =======
As of December 31, 2001, the Company has a net operating  loss  carryforward of
approximately  $3,042,000 for tax purposes, which will be available  to  offset
future taxable income.  If not used, this carryforward will expire in 2021. The
deferred tax asset  relating  to the operating loss carryforward has been fully
reserved at December 31, 2001.

NOTE 4 - STOCKHOLDER'S EQUITY

The Company is authorized to issue  80,000,000  shares  of its $0.001 par value
common stock and 10,000,000 shares of its $0.001 par value preferred stock.

On October 8, 1998, the Company issued 3,230,000 shares of its $0.001 par value
common stock to its officers as founders stock for cash of $6,000.

On February 1, 1999, the Company issued 207,450 shares of  its $0.001 par value
common  stock  for  cash  of  $20,745.   The shares were issued pursuant  to  a
Regulation D, Rule 504 of the Securities and  Exchange  Commission Act of 1933,
offering.



                                    F-10

<PAGE>


                                   ECOM CORP
                                     NOTES

On  May 3, 1999, the Company issued 1,000,000 shares of its  $0.001  par  value
common  stock  for  cash  of  $10,000.   The  shares  were issued pursuant to a
Regulation D, Rule 504 of the Securities and Exchange Commission  Act  of 1933,
offering.

On  May  3,  1999,  the Company issued 1,000,000 shares of its $0.001 par value
common stock to a former director for services valued at $10,000.
 On December 17, 1999,  the  Company  issued  12,000,000 share of its $0.001 par
value common stock for an installment note receivable in the amount of $120,000
bearing interest at 10% per annum and due December  16,  2000.   As of December
31,  2001,  the  note  was  paid  in  full  and  recorded  against Subscription
Receivable.

On September 30, 2000, the Company issued 3,986,740 shares of  its  $0.001  par
value  common  stock  for  cash  of  $3,231,825 and Subscription Receivables of
$755,000.  The shares were issued pursuant  to  a Regulation D, Rule 506 of the
Securities and Exchange Commission Act of 1933, offering.

On July 2, 2001, the Company issued 450,000 shares  of  its  $0.001  par  value
common  stock  for consulting services valued at $360,000, which represents the
fair market value  of  the  shares  on  the  date of issuance.  The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

On July 13, 2001, the Company issued 350,000 shares  of  its  $0.001  par value
common  stock for consulting services valued at $262,500, which represents  the
fair market  value  of  the  shares  on  the  date of issuance. The shares were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

On August 23, 2001, the Company issued 1,200,000 shares of its $0.001 par value
common stock for consulting services valued at  $384,000,  which represents the
fair  market  value  of  the  shares on the date of issuance. The  shares  were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

On November 5, 2001, the Company  issued  2,000,000  shares  of  its $0.001 par
value common stock for consulting services valued at $320,000, which represents
the  fair  market value of the shares on the date of issuance. The shares  were
subsequently registered as "free-trading" via a Form S-8 Registration Statement
filed with the Securities and Exchange Commission.

There have been no other issuances of common or preferred stock.


                                    F-11

<PAGE>


                                   ECOM CORP
                                     NOTES


NOTE 5 - GOING CONCERN

The Company's  financial  statements  are prepared using the generally accepted
accounting principles applicable to a going  concern,  which  contemplates  the
realization  of  assets  and liquidation of liabilities in the normal course of
business.   However,  the Company  has  not  commenced  its  planned  principal
operations.  Without realization  of  additional  capital, it would be unlikely
for the Company to continue as a going concern.  The  Company  plans  to  raise
operating capital via debt and equity offerings.  However, there is no assurity
that such offerings will be successful or sufficient to fund the operations  of
the  Company.  In the event the offerings are insufficient, the Company will be
financed by its officers, directors, and existing shareholders.

NOTE 6 - RELATED PARTY TRANSACTIONS

The Company  leases office space from a director and shareholder of the Company
on a month-to-month basis at the rate of $750 per month.  Total rent paid as of
December 31, 2001 was $9,000.

The officers and  directors  of  the  Company  are  involved  in other business
activities   and  may,  in  the  future,  become  involved  in  other  business
opportunities.   If  a  specific  business  opportunity becomes available, such
persons may face a conflict in selecting between  the  Company  and their other
business interests.  The Company has not formulated a policy for the resolution
of such conflicts.

NOTE 7 - WARRANTS AND OPTIONS

There  are no warrants or options outstanding to acquire any additional  shares
of common stock.
 NOTE 8 - SUBSEQUENT EVENTS

During January  2002,  the  Company's  board  of directors resolved in the best
interest  of the Company's shareholders to abandon  its  acquisition  of  TTRHP
Motorsport,  Inc. ("TTRHP") due to the inability of TTRHP to perform on certain
stipulations of the letter of intent.



                                     F-12

<PAGE>



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


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

The Company filed Form 8-K, dated March 20, 2000 with the United Stated
Securities and Exchange Commission, in which the Company stated in Item
4 "Changes in Registrant's Certifying Account:"

During the two most recent fiscal years and any subsequent interim period
preceding the dismissal of James E. Slayton, CPA, its former accountant,
there were no disagreements between the Company and James E. Slayton, CPA
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement(s), if not
resolved to the satisfaction of the former accountant, would have caused
it to make reference to the subject matter of the disagreements(s) in
connection with its reports.

On March 20, 2000 the Registrant engaged G. Brad Beckstead, CPA as its
principal accountant to audit the Registrant's financial statements as
successor to David Coffey.  During the Registrant's two most recent fiscal
years or subsequent interim period, the Registrant has not consulted G. Brad
Beckstead, CPA regarding the application of accounting principles to a
specific transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Registrant's financial statements,
nor did G. Brad Beckstead, CPA provide advice to the Registrant, either
written or oral, that was an important factor considered by the Registrant
in reaching a decision as to the accounting, auditing or financial
reporting issue.  Further, during the Registrant's two most recent fiscal
years or subsequent interim period, the Registrant has not consulted
G. Brad Beckstead, CPA on any matter that was the subject of a
disagreement or a reportable event.




                                      21
<PAGE>



                                    PART III

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

The following table sets forth the current officers and directors of eCom
Corporation:

<TABLE>
<CAPTION>

Name                            Age          Position(s)
------------------------        ---         -----------------------------
<S>                             <C>          <C>
Brian Kitts                     46           Director and Acting President
Laurie Bird Kitts               40           Secretary

</TABLE>

<PAGE>

BRIAN KITTS, Director and Acting President

Brian A. Kitts has been a director of the Company since December, 2000.
Since November 1999, Mr. Kitts has served as Secretary and Treasurer and a
director of InvestAmerica, Inc., a public company in the communications
industry. Between October 1999 and November 1999 Mr. Kitts was President,
Secretary, Treasurer and sole director of InvestAmerica, Inc.  Mr. Kitts
completed his formal education in 1975 at which time he joined his father's
business, a commercial photography, exhibit, design and manufacturing company.
In 1983l, Mr. Kitts founded his own company, Beechwood Design, which
Specialized in store fixture design and manufacturing. Since 1995, Mr. Kitts
has acted as a financial and business consultant to various development
stage companies.




                                        22
<PAGE>


Directors are elected in accordance with our bylaws to serve until the next
annual stockholders meeting.  eCom Corporation does not currently pay
compensation to directors for services in that capacity.

Officers are elected by the board of directors and hold office until their
successors are chosen and qualified, until their death or until they resign or
have been removed from office.  All corporate officers serve at the discretion
of the board of directors.  There are no family relationships between any
director or executive officer and any other director or executive officer of
eCom Corporation

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires our directors and
executive officers, and persons who beneficially own more than ten percent of a
registered class of our equity securities (referred to as "reporting persons"),
to file with the Securities and Exchange Commission initial reports of
ownership and reports of changes in ownership of common stock and other
eCom Corporation equity securities.  Reporting persons are required by
Commission regulations to furnish us with copies of all Section 16(a) forms
they file.


ITEM 10.  EXECUTIVE COMPENSATION.

As a result of our the Company's current limited available cash, no officer or
director received compensation during the fiscal year ended December 31, 2001.
eCom Corporation intends to pay salaries when cash flow permits.  No officer
or director received stock options or other non-cash compensation during the
fiscal year ended December 31, 2001.  The Company does have employment
agreements in place with each of its officer.

<TABLE>
<CAPTION>

Name                     Position               Annual Salary        Bonus
-----------------        --------               -------------        -----
<S>                      <C>                    <C>                  <C>
Brian Kitts              Director/
                           Acting President     None                 None
Laurie Bird Kitts        Secretary              None                 None

</TABLE>




                                        23
<PAGE>




ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information concerning the beneficial
ownership of our outstanding common stock as of December 31, 2001, by each
person known by eCom Corporation to own beneficially more than 5% of the
outstanding common stock, by each of our directors and officer and by all of
our directors and officers as a group.  Unless otherwise indicated below, to
our knowledge all persons listed below have sole voting and investment
power with  respect to their shares of common  stock except to the extent
that authority is shared by spouses under applicable law.



<TABLE>
<CAPTION>


Name and Address                          Number of shares          Percent of
of Beneficial Owner                       Beneficially Owned          Class
-----------------------                   -------------------       ----------
<S>                                        <C>                      <C>
Brian Kitts, Director/Acting President (1)    500,000                1.97%

Laurie Bird Kitts, Secretary (2)           12,000,000               47.39%
                                          -----------------------------------
All Officers and Directors (2 persons)     12,500,000               49.36%

</TABLE>


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

The percentages listed in the Percent of Class column are based upon
25,318,190 outstanding shares of common stock, which will be the number of
outstanding shares of common stock as of the effective date.


(1)  Brian Kitts, 2078 Prospector Avenue, Park City , Utah 84060.
     Mr. Kitts is married to Laurie Bird Kitts, Corporate Secretary and
     majority shareholder of the Company.  See "Certain Related Transactions
     and Relationships."  Mr. Kitts disclaims beneficial ownership in any
     shares of common stock owned by Mrs. Laurie Bird Kitts.
(2)  Laurie Bird Kitts, 2078 Prospector Avenue, Park City , Utah 84060
     Mrs. Kitts is married to Brian Kitts, Director of the Corporation.

                                       24

<PAGE>


B.  Persons Sharing Ownership of Control of Shares

No person other than Laurie Bird Kitts owns or shares the power to vote ten
percent (10%) or more of the Company's securities.

C.  Non-voting Securities and Principal Holders Thereof

The Company has not issued any non-voting securities.

D.  Options, Warrants and Rights

There are no options, warrants or rights to purchase securities of the
Company.

E.  Parents of Issuer

Under the definition of parent, as including any person or business entity
who controls substantially all (more than 80%) of the issuers of common
stock, the Company has no parents.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Family Relationships

Mr. Brian Kitts, director, is married to Laurie Bird Kitts, the majority
shareholder of the Company.

Through a Board Resolution, the Company hired the professional services
of G. Brad Beckstead, CPA, Certified Public Accountant, to perform audited
financials for the Company.  Mr. Beckstead owns no stock in the Company.
The company has no formal contracts with its accountant, he is paid on a
fee for service basis.

The officers and directors are involved in other business activities
and may, in the future become involved in other business opportunities.
If a specific business opportunity becomes available, such persons may
face a conflict in selecting between the Company and their other business
interests.  The Company has not formulated a policy for the resolution of
such conflicts.



                                       25

<PAGE>



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

(a)  EXHIBITS.

The following documents are included or incorporated by reference as exhibits
to this report:



EXHIBIT
  NO.                        DOCUMENT DESCRIPTION
-------  ---------------------------------------------------------------------
(3)      ARTICLES OF INCORPORATION AND BY-LAWS

  3.1    Articles of Incorporation of the Company(1)

  3.2    By-Laws of the Company(1)

(23)     CONSENT OF EXPERTS AND COUNSEL

   23.1  Letter of Consent from James Slayton, CPA(1)
   23.2  Letter of Consent from G. Brad Beckstead (2)
   23.3  Letter of Consent from G. Brad Beckstead (3)

(27)     FINANCIAL DATA SCHEDULE

  27.1   Financial Data Schedule (1)
  27.2   Financial Data Schedule (2)

----------
(1)  Previously filed as an exhibit to our registration statement on Form 10-SB
     (the "Registration Statement"), which was originally filed on July 14,
     1999, and incorporated herein by reference.

(2)  Previously filed as an exhibit to our annual report on Form 10-KSB
     (the "Annual Report"), which was originally filed on April 12,
     2001, and incorporated herein by reference.

(3)  Filed herewith

(b)  REPORTS ON FORM 8-K

eCom Corporation filed a Current Report on Form 8-K during the fiscal year
ended December 31, 2000, dated March 20, 2000, containing information
pursuant to Item 4 ("Changes in Accountants") entitled "Changes in
Registrant's Certifying Account."  (See Item 8 above, entitled, "Changes
in and Disagreements with Accountants on Accounting and Financial
Disclosure."  This Current Report on Form 8-K was subsequently amended
Per the request of the U.S. Securities and Exchange Commission on August 17,
2001, August 21, 2001; and August 31, 2001.

eCom Corporation filed a Current Report on Form 8-K dated September 28, 2001,
containing information pursuant to Item 5 ("Other Events and Regulation FD
Disclosure") entitled "Press Release by eCom Corporation."

                                      26
<PAGE>

                                   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.

Date:  April 8, 2002

                                                eCom Corporation
                                                ----------------
                                                   Registrant

By: /s/ Brian Kitts
----------------------------
Brian Kitts
Director
Acting President

         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.

Date:  April 8, 2002

                                                eCom Corporation
                                                ----------------
                                                   Registrant


By: /s/ Laurie Bird Kitts
----------------------------
Laurie Bird Kitts, Secretary




                                      27
<PAGE>