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                    YU.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-KSB/A
                                (AMENDMENT NO. 1)

[ ]     Annual Report Pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934

                    For the fiscal year ended ______________.

[X]     Transition Report Pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934

        For the transition period from JANUARY 1, 2004 to MARCH 31, 2004.


                        Commission File Number 000-29331


                               MAILKEY CORPORATION
        ----------------------------------------------------------------
                 (Name of Small Business Issuer in Its Charter)


              Nevada                                    76-0270295
-------------------------------------       ------------------------------------
  (State or other jurisdiction of           (IRS Employer Identification Number)
  incorporation of organization)


       130 Shaftesbury Avenue
          London, England                                W1D 5EU
-------------------------------------       ------------------------------------
(Address of Principal Executive Offices)                 (Zip Code)


                               011-44-2070-310821
        ----------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

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

        Title of Each Class           Name of Exchange on which Registered
        -------------------           ------------------------------------
              None                                    None

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

                     Common stock, $.001 par value per share

        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
    ---     ---

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        Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of 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. [X]

        State issuer's revenues for its most recent fiscal year: -0-    .
                                                                --------

        The aggregate market value of the voting common equity held by
non-affiliates of the registrant based on the closing sale price of the
registrant's common stock as reported on the OTC Bulletin Board on July 9, 2004,
was $2.20.

        As of July 9, 2004, 29,355,251 shares of the registrant's common stock
were outstanding.

        Transitional Small Business Disclosure Format (check one):

        Yes      No  X
            ---     ---

                       DOCUMENTS INCORPORATED BY REFERENCE

        None.

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                                EXPLANATORY NOTE

        MailKey Corporation (the "Company") is filing this Amendment No. 1 (this
"Amendment") to its Transition Report on Form 10-KSB for the three-month period
ended March 31, 2004 (the "Transition Report") to correct typographical errors
in certain of the principal accountant fees and services information presented
in Item 14.

        This Amendment does not reflect events that have occurred after July 14,
2004, the date the Transition Report was filed with the Securities and Exchange
Commission, nor does it modify or update the disclosures set forth in the
Transition Report, except to reflect the effects of the correction of the
typographical errors contained in the Transition Report or as deemed necessary
in connection with the completion of the Amendment.

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

(a)     The following documents are filed as exhibits to this report.


Exhibit No.                         Description
-----------                         -----------

    3.1         Articles of Incorporation (incorporated by reference to Exhibit
                3.1(1) to the Company's Registration Statement on Form 10SB
                filed with the SEC on February 3, 2000 (the "Registration
                Statement"))

     3.2        Bylaws (incorporated by reference to Exhibit 3.2 to the
                Registration Statement)

     3.3        Articles of Amendment to Articles of Incorporation (incorporated
                by reference to Exhibit 3.1(2) to the Registration Statement)

     3.4        Articles of Amendment to Articles of Incorporation (incorporated
                by reference to Exhibit 3.1(3) to the Company's Annual Report on
                Form 10-KSB for the year ended March 31, 2003)

     3.5        Certificate of Correction to Articles of Amendment to Articles
                of Incorporation (incorporated by reference to Exhibit 3.1(4) to
                the Company's Annual Report on Form 10-KSB for the year ended
                March 31, 2003)

     4.1        Specimen Stock Certificate (incorporated by reference to Exhibit
                4.1 to the Registration Statement)

    10.1        Stock Purchase and Sale Agreement, dated as of February 5, 2003,
                by and between MailKey Corporation (f/k/a/ Sutton Trading
                Solutions, Inc.) and Link Investment Holdings Inc. Limited
                (incorporated by reference to Exhibit 10.1 to the Company's
                Quarterly Report on Form 10-QSB for the quarter ended December
                31, 2002)

    14.1*       Code of Business Conduct and Ethics

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    21.1*       Subsidiaries of the Company

    31.1**      Certification of Chief Executive Officer of the Company required
                by Rule 13a-14(a) under the Securities Exchange Act of 1934, as
                amended

    31.2**      Certification of Chief Financial Officer of the Company required
                by Rule 13a-14(a) under the Securities Exchange Act of 1934, as
                amended

    32.1**      Certification of Chief Executive Officer and Chief Financial
                Officer of the Company required by Rule 13a-14(b) under the
                Securities Exchange Act of 1934, as amended

*  Previously filed.

** Filed herewith.

(b)     Reports on Form 8-K.

        None.




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ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

        The following table presents fees for professional audit services
performed by L J Soldinger Associates, LLC for the audit of our annual financial
statements for the fiscal year ended March 31, 2004 and fees billed for other
services rendered by L J Soldinger Associates, LLC during such year, and
professional audit services performed by Spicer Jeffries LLP for the audit of
our annual financial statements for the fiscal year ended March 31, 2003, and
fees billed for other services rendered by Spicer Jeffries LLP during such year.

                                       2004                       2003
                                       ----                       ----

Audit Fees:                         $40,000                     $6,000

Audit-Related Fees:                  63,700                        -0-

Tax Fees:                               -0-                        -0-

All Other Fees:                         -0-                        -0-
                            ----------------           ----------------

Total:                             $103,700                     $6,000
                            ================           ================

AUDIT FEES consist of fees billed for professional services rendered for the
audit of our financial statements and review of the interim financial statements
included in quarterly reports and services that are normally provided by our
independent accountants in connection with statutory and regulatory filings or
engagements.

AUDIT-RELATED FEES consist of fees billed for assurance and related services in
connection with business combinations and consultations concerning financial
accounting and reporting standards.

TAX FEES consists of fees billed for professional services for tax compliance,
tax advice and tax planning. These services include assistance regarding federal
and state tax compliance, tax audit defense, customs and duties, and mergers and
acquisitions.

ALL OTHER FEES consist of fees billed for products and services provided by the
principal accountant, other than those services described above.

AUDIT COMMITTEE PRE-APPROVAL PROCEDURES

        Our Board of Directors serves as our audit committee. Our Board of
Directors approves the engagement of our independent auditors, and meets with
our independent auditors to approve the annual scope of accounting services to
be performed and the related fee estimates. It also meets with our independent
auditors, on a quarterly basis, following completion of their quarterly reviews
and annual audit and prior to our earnings announcements, if any, to review the
results of their work. During the course of the year, our chairman has the
authority to pre-approve requests for services that were not approved in the
annual pre-approval process. The


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chairman reports any interim pre-approvals at the following quarterly meeting.
At each of the meetings, management and our independent auditors update the
Board of Directors with material changes to any service engagement and related
fee estimates as compared to amounts previously approved. During the fiscal year
ended March 31, 2004, all audit and non-audit services performed by our
independent accountants were pre-approved by the Board of Directors in
accordance with the foregoing procedures.




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                                   SIGNATURES

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

                                          MAILKEY CORPORATION


Date:  July 19, 2004                      /s/  Graham Norton-Standen
                                          -----------------------------------
                                          Graham Norton-Standen
                                          Chairman and Chief Executive Officer


        Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities on the dates indicated.

<TABLE>
<CAPTION>
<S>                                                                             <C>
Signature                         Title                                   Date
---------                         -----                                   ----


/s/  Graham Norton-Standen        Chairman and Chief Executive Officer    July 19, 2004
--------------------------        (Principal Executive Officer)
Graham Norton-Standen


/s/  Roger B. Ponting             Chief Financial Officer (Principal      July 19, 2004
---------------------             Financial and Accounting Officer)
Roger B. Ponting


/s/  Tim Dean-Smith               Deputy Chairman                         July 19, 2004
-------------------
Tim Dean-Smith
</TABLE>




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                                  EXHIBIT INDEX


Exhibit No.                         Description
-----------                         -----------

     31.1       Certification of Chief Executive Officer of the Company required
                by Rule 13a-14(a) under the Securities Exchange Act of 1934, as
                amended

     31.2       Certification of Chief Financial Officer of the Company required
                by Rule 13a-14(a) under the Securities Exchange Act of 1934, as
                amended

     32.1       Certification of Chief Executive Officer and Chief Financial
                Officer of the Company required by Rule 13a-14(b) under the
                Securities Exchange Act of 1934, as amended