U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-KSB

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

                   For the fiscal year ended December 31, 2000

                         Commission file number 0-27445


                        ENVIRO VORAXIAL TECHNOLOGY, INC.
                 (Name of Small Business Issuer in its Charter)


           Idaho                                             83-0266517
  (State or Other Jurisdiction of                         (I.R.S. Employer
   Incorporation or Organization)                         Identification No.)


                98 SE 7th Street, Deerfield Beach, Florida 33441
               (Address of Principal Executive Offices) (Zip Code)


                                 (954) 421-6141
                           (Issuer's Telephone Number)

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


          Title of Each Class Name of Each Exchange on Which Registered
                                      None

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


                          Common Stock, $.001 par value
                                (Title of Class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X] No [ ]

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 the  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 (net loss) for its most recent fiscal year. $ (540,000)

State the  aggregate  market  value of the voting  stock held by  non-affiliates
computed by reference  to the price at which the stock was sold,  or the average
bid and asked  prices of such stock,  as of a specified  date within the past 60
days.

$0.85 as of April 12, 2001.   $2,401,410.60
<PAGE>

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date: March 31, 2001:  7,407,118 Shares of
Common Stock and 6,000,000 Shares of Preferred Stock.

                       DOCUMENTS INCORPORATED BY REFERENCE

- None -

Transitional Small Business Disclosure Format (Check One)

Yes            No    X
    ------        --------





<PAGE>

                                Table of Contents



PART I

Item 1.       Description of Business                                         2

Item 2.       Description of Property                                         8

Item 3.       Legal Proceedings                                               8

Item 4        Submission of Matters to a Vote of Security Holders             8

PART II

Item 5.       Market for Common Equity and
              Related Stockholder Matters                                     9

Item 6.       Management Discussion and Analysis of Financial
              Condition and Plan of Operations                               10

Item 7.       Financial Statements                                           11

Item 8.       Changes in and Disagreements With Accountants
              on Accounting and Financial Disclosure                         12

PART III

Item 9.       Directors, Executive Officers, Promoters and
              Control Persons; Compliance With Section 16(a)
              of the Exchange Act                                            13

Item 10.      Executive Compensation                                         13

Item 11.      Security Ownership of Certain Beneficial
              Owners and Management                                          14

Item 12.      Certain Relationships and Related Transactions                 15

Item 13.      Exhibits, Lists and Reports on Form 8-K                        15


<PAGE>

PART I

Item 1.       Description of Business

Our history

              We were  incorporated in Idaho on October 19, 1964, under the name
Idaho Silver, Inc. From our inception through 1994, we were engaged in acquiring
mining  claims and  exploring  for silver and lead in Idaho.  In May of 1996, we
entered  into an  agreement  and plan of  reorganization  with a privately  held
Florida  corporation,   Florida  Precision  Aerospace,  Inc.  ("FPA"),  and  its
shareholders. FPA was incorporated on February 26, 1993.

              Pursuant to the plan,  we reverse  split our common stock on a one
share for ten share basis and amended our articles of  incorporation to increase
our authorized capital stock to 50,000,000 shares, $.001 par value.

              We  exchanged  10,000,000  newly-issued  post-split  shares of our
common stock, or approximately 97% of our shares then issued and outstanding for
all  of  the  issued  and  outstanding  shares  of  FPA.  As a  result  of  this
reorganization,  the  shareholders  of FPA gained control of our company and FPA
became our wholly-owned subsidiary.  Because FPA's management was more qualified
to focus our business on that of FPA, our  officers and  directors  resigned and
were replaced by FPA's designees.  At the close of the  transaction,  we changed
our name to Enviro Voraxial Technology, Inc.

High precision products and services and their market

              We  operate  a  high-precision  engineering  machine  facility  in
Deerfield Beach, Florida, which designs,  manufactures and assembles specialized
parts and  components  for the  aerospace  and  automotive  industries.  We have
performed contract manufacturing services to both small and large customers.  To
date,  all our revenues  have been  generated  from  contract  manufacturing  of
specialized components.

              Our previous  projects have involved the production of specialized
space  navigational and guidance  components for Allied Signal Aerospace and The
Department of Defense; gears for General Motors Corporation and New Venture Gear
to be used in design and assembly of  automotive  transmissions;  and  specialty
components for Hughes Electronics. We have also provided engineering services to
the General  Motors/Volvo  Heavy Truck Division.  We have machined and assembled
components  such as high  precision  castings,  precision  tools  and  fixtures,
beryllium and ceramics, deep brazing, Computer Numerical Control (CNC) machining
and tuning and precision jig boring and assembly.


                                       2
<PAGE>

              Throughout 2000 and for the  foreseeable  future we will focus our
efforts on the  development,  marketing and sale of our Voraxial  Separator.  We
believe that the growth of the Company will be realized  through the  successful
marketing and sales efforts of the Voraxial Separator.

Voraxial Separator

              The Voraxial  Separator is a continuous flow,  non-clogging  turbo
machine that generates a strong vortex capable of separating a mixture of fluids
or a combination of fluids and solids by their specific gravities.  This process
allows heavier  elements to form a central core of the vortex  itself.  Once the
vortex separation is established, a simple flow divider separates the flows into
two streams, the first, inner stream is composed of the lighter elements,  while
the second,  outer  stream is composed  of the heavier  elements.  Unique in its
design,  the  Voraxial  Separator  is  self-contained  and can be  powered by an
electric motor,  diesel engine or by hydraulic power  generation.  Further,  the
ability of the Voraxial  Separator to be scaleable allows it to be utilized in a
variety of industries and to process any amount of liquid. The following are the
various sizes and the corresponding capacity range:

                           PRODUCT AND CAPACITY RANGE

  Model         Diameter            Capacity Range                  Weight
  Number          Size            Gallons Per Minute               In Pounds

   1000         1 inch               5-16                                11
   2000         2 inches             25-100                              20
   4000         4 inches             300-900                             65
   803A         8 inches             2,000-6,000                        208
   1600         16 inches            20,000-50,000                      400
   3200         32 inches            130,000-150,000                    800

              The Voraxial Separator can transfer any liquid in either direction
by reversing the machine's  rotation.  We currently maintain an inventory of the
Voraxial Separator 1000 and Voraxial Separator 2000. During fiscal year 2000, we
have delivered Voraxial Separator units to be used on a trial basis in a variety
of  applications,   including   sewage,   oil,  and  industrial,   after  which,
arrangements will be made for either payment or return of the products.  We have
received  interest  for the Voraxial  Separator  for other  applications  and we
anticipate delivering units for sale in 2001.

              We  believe  that  our  Voraxial   Separator  offers   substantial
applications on a cost-effective  basis,  including:  oil and water  separation,
sewage  treatment,  sludge removal,  wood pulp removal for paper  manufacturers,
harbor clean-up, deballasting of ships, flood control, farm irrigation, lake and
river  revitalization,  cooling and aeration of thermally polluted waters, clean
up of  contaminated  beaches and plasma  separation.  We also  believe  that the
separator can be used to recycle water. As clean water becomes less available to
the ever-increasing world population, this technology may become more valuable.



                                       3
<PAGE>

              The  Voraxial  Separator  is  manufactured  and  assembled  at our
Deerfield Beach, Florida location.

Voraxial Separator products and services and their market

              The  market  for the  Voraxial  Separator  can be best  defined as
"worldwide."  Virtually every industry requires some type of separation  process
either during the  manufacturing  process or prior to discharging the water into
the  environment.   As   environmental   regulations,   both   domestically  and
internationally,  become more  stringent,  companies  will be required to better
treat  their  wastewater  prior to  discharge.  We believe  this  offers a great
opportunity  for the Company as the Voraxial  Separator  can be utilized in most
separation   applications  to  significantly  increase  the  efficiency  of  the
separation processes while simultaneously reduce the cost to the end-user.

              We have shipped units of the Voraxial  Separator 1000 and Voraxial
Separator  2000  on  a   rental/lease/trial   basis  to  various  companies  for
agriculture,  oil,  sewage  and  industrial  applications.  Requests  have  been
received to deliver  larger  models to these  companies.  We are  attempting  to
obtain  future  purchase  orders  and  lease  agreements.  We signed a Sales and
Marketing Agreement in the 1st quarter of 2000 with Auxill  International of the
Netherlands and believe additional Sales and Marketing Agreements will be signed
during 2001. To date, the only revenues we have from the Voraxial  Separator are
from rental fees of pilot programs. These fees have been limited.

Inventory and distribution

              Other than our  Voraxial  Separators,  we maintain no inventory of
finished parts until we receive a customer order. Our contract  manufacturing is
not  initiated  until  corresponding  specifications  have been  obtained from a
customer.  Typically,  a customer  seeking the  manufacture  of components  will
provide us with diagrams and  specifications.  We complete any remaining  design
services  and  begin  manufacturing  the  components  pursuant  to the  specific
contract or purchase order.

Competition

              We are subject to competition  from a number of companies who have
greater  experience,  research abilities,  engineering  capability and financial
resources  than we have. We compete with numerous  small  companies  involved in
engineering  parts for companies  similar to our customers.  We believe that our
expertise in engineering  precision  parts will enable us to continue to compete
effectively with other engineering companies of various sizes.

              Although we believe our  Voraxial  Separator  offers  applications
which accomplish better or similar results on a more  cost-effective  basis than
existing  products,  other products have, in some  instances,  attained  greater
market and regulatory acceptance.


                                       4
<PAGE>

              We are also subject to an increasingly  competitive environment in
the automotive and aerospace  industries.  Moreover,  the competitive market has
grown in markets for our specific products.  We are dependent upon the volume of
automobiles  sold in the United  States,  which may  fluctuate  due to  economic
conditions,  availability and changing consumer preferences.  The market for our
aeronautical  products is highly  sensitive to risks  associated  with uncertain
economic  conditions,  dependence upon  congressional and executive  approval of
spending  in the  aeronautical  industry  area and  whether  the  United  States
government  awards  contracts  to specific  aeronautical  companies  who are our
customers.

Marketing

              We market our products and services through our existing staff. We
obtain most contracts for high precision  products through personal  contacts of
our president, Alberto DiBella.

              We   have   executed   Sales   and   Marketing    Agreements   and
Distributorship  Agreements  that have enabled us to better  market our Voraxial
Separator within various  industries and countries.  We have been represented at
several trade  conferences  in both the United  States and Europe.  We have been
invited to present the Voraxial  Separator  technology  to various  agencies and
conferences  such as the conference at King Saud  University in Saudi Arabia for
the Minister of Water and  Agriculture.  We  anticipate  participating  in other
trade shows and presenting the product to other companies in 2001.

Sources and availability of raw materials

              The materials needed to manufacture  our Voraxial  Separator  have
been provided by Baldor  Electric  Co.,  Hughes Supply Inc. (an affiliate of our
customer, Hughes Electronics) and SKF USA Inc., among other suppliers. We do not
anticipate any shortage of raw materials.

              The materials for our high  precision  manufacturing  are obtained
from various suppliers based on individual project specifications. Our customers
often provide the materials or recommend the suppliers for their projects.

Dependence on major customers

              During the year ended December 31, 1999,  two customers  accounted
for 25% and 60% respectively,  of our sales.  During the year ended December 31,
2000 one customer accounted for 72% of our sales. This customer represents sales
from high  precision  manufacturing.  We believe our reliance from this customer
will be  reduced  in 2001  as we  anticipate  generating  revenues  from  future
customers by the sale and marketing of the Voraxial Separator.

Intellectual property

              We currently hold two patents, United States Patent #5,904,840 and
#5,084,189.  One patent is for Apparatus for Accurate Centrifugal  Separation of
Miscible and Immiscible Media, which is for technology invented by our president
and sole director, Alberto DiBella, and registered in 1999. The other is for the
Method and Apparatus for Separating Fluids having Different Specific  Gravities.
This is for  technology  invented by Harvey  Richter and  registered  in 1992 to
Richter Systems,  Inc. In 1996, we acquired  assets,  including this patent from
Richter  Systems,  Inc. The method and apparatus for each of these is applied in
our Voraxial Separator.


                                       5
<PAGE>

Governmental approvals and regulations; environmental compliance

              Our operations  are subject to extensive and  frequently  changing
federal, state and local laws and substantial regulation by government agencies,
including the United States  Environmental  Protection  Agency (EPA), the United
States  Occupational  Safety and Health  administration  (OSHA) and the  Federal
Aviation  Administration (FAA). Among other matters, these agencies regulate the
operation, handling,  transportation and disposal of hazardous materials used by
us during the normal course of our  operations,  govern the health and safety of
our employees and certain standards and licensing requirements for our aerospace
components.  We are subject to significant compliance burden from this extensive
regulatory framework which may substantially increase our operational costs.

              In  addition,  we may  become  liable  for the costs of removal or
remediation  of certain  hazardous  substances  released on or in our facilities
without  regard to  whether or not we knew of, or  caused,  the  release of such
substances.  We  believe  that we are  currently  in  material  compliance  with
applicable laws and regulations and are not aware of any material  environmental
violations  at any of our  current or former  facilities.  We are unaware of any
handling by us of hazardous substances. There can be no assurance, however, that
our prior activities did not create a material environmental situation for which
we could be  responsible or that future uses or conditions  (including,  without
limitation,  changes in  applicable  environmental  laws and  regulation,  or an
increase  in the  amount  of  hazardous  substances  generated  or  used  by our
operations)  will not result in any  material  environmental  liability to us or
result in a material  adverse  effect to our financial  condition and results of
operations.

              We are subject to various federal,  state, and local environmental
requirements,  including those relating to discharges to air, water and land. We
believe that we have not  previously  and do not currently  handle any hazardous
waste.  However,  in the future we may be subject to  regulation  involving  the
handling  and  disposal  of  solid  and  hazardous  waste,  and the  cleanup  of
properties affected by hazardous substances. In addition,  certain environmental
laws,  such  as The  Comprehensive  Response,  Compensation  and  Liability  Act
(CERCLA)  and similar  state laws,  impose  strict,  retroactive,  and joint and
several liability upon persons responsible for releases or potential releases of
hazardous  substances.  We  have  not  incurred,  nor  do we  expect  to  incur,
significant  costs  to  address  any  releases  or  potential  releases  of such
substances.  It is possible,  however,  given the  retroactive  nature of CERCLA
liability,  that we  will,  from  time to time,  receive  notices  of  potential
liability relating to current or former activities.


                                       6
<PAGE>

              We have been and are in substantial  compliance with environmental
requirements  and  believe  that  we  have no  liabilities  under  environmental
requirements.  Further,  we have not spent any funds  specifically on compliance
with  environmental  laws.  However,  some risk of  environmental  liability  is
inherent in the nature of our business,  and we might incur substantial costs to
meet current or more stringent compliance, cleanup or other obligations pursuant
to  environmental  requirements  in the future.  This could result in a material
adverse effect to our results of operations and financial condition.

              The aerospace  industry is highly regulated in the U.S. by the FAA
and is regulated in other countries by similar  agencies to ensure that aviation
products and services meet stringent safety and performance  standards.  The FAA
prescribes standards and licensing requirements for aircraft components. Because
our primary responsibility is to assemble component parts to meet specifications
and designs created by our customers  prescribed by the FAA, we are not required
to obtain any licenses or approvals from the FAA.

Product liability

              Our  business  exposes us to possible  claims of personal  injury,
death or property damage,  which may result from the failure,  or malfunction of
any component or  subassembly  manufactured  or assembled by us. We currently do
not have product liability  insurance.  Any product liability claim made against
us will have a material adverse effect on our business,  financial  condition or
results  of  operations  in light of our poor  financial  condition,  losses and
limited  revenues.  We have plans to obtain product  liability  insurance in the
near future.

Research and development

              In our past two fiscal years, we have spent approximately $230,000
on product research and development. We do not anticipate that this cost will be
borne directly by our customers.

              In July 2000, grants totaling $660,000 from NOAA (National Oceanic
and Atmospheric  Administration)  and Maryland Port Administration were given to
the  University  of  Maryland to test a Ballast  Water  Treatment  System  which
utilizes the Voraxial Separator.  We did not receive any funds from these grants
in 2000 and to date have received only $10,000, which are considerably less than
agreed upon.

Employees

              We have four employees.  All of these employees work full-time. We
have one administrative  employee,  Alberto Di Bella and a full-time consultant,
John A. Di Bella. The balance of our employees  participate in the manufacturing
of our products.  None of our employees are members of a union.  We believe that
our  relationship  with our employees is favorable.  We intend to add additional
employees in the upcoming year,  including managers,  sales  representatives and
engineers.


                                       7
<PAGE>

Item 2.       Description of Property

              In May of 1998, we acquired an 18,000 square foot building located
at 98 Southeast 7th Street,  Deerfield Beach,  Florida,  for a purchase price of
$575,000,  of which $431,250 was paid by a mortgage note,  amortized over twenty
years with a balloon payment at the end of ten years. The note bears interest at
an annual rate of 8.50%,  which is subject to adjustment  on June 1, 2003.  This
facility should adequately serve our needs in the foreseeable future.

Item 3.       Legal Proceedings

              None.

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

              None.







                                       8
<PAGE>

PART II

Item 5.       Market for Common Equity and Related Stockholder Matters

              Our common stock is traded on the NASDAQ Over-The-Counter Bulletin
Board ("OTCBB") under the symbol EVTN. The bid quotations  below, as provided by
Interactive  Data, have been reported for the period  beginning  January 1, 1999
and ending  December 31,  2000.  The  quotations  reflect  inter-dealer  prices,
without retail mark-up,  mark-down or commission,  and may not represent  actual
transactions.

                                 Bid Quotations

 Period                                 High                         Low

 Quarter Ended:
 March 31, 1999                        $0.19                        $0.07
 June 30, 1999                         $0.84                        $0.07
 September 30, 1999                    $1.38                        $0.50
 December 31, 1999                     $3.50                        $0.90
 March 31, 2000                        $4.25                        $2.13
 June 30, 2000                         $3.75                        $1.50
 September 30, 2000                    $4.06                        $1.44
 December 31, 2000                     $1.84                        $0.75

              We have  been  advised  that  seven  member  firms of the NASD are
currently  acting as market makers for our common  stock.  There is no assurance
that an active trading market will develop which will provide  liquidity for our
existing  shareholders  or for persons who may acquire  common stock through the
exercise of warrants.

Holders

              As of December 31, 2000, there were  approximately  789 holders of
record of our common stock outstanding.  Our transfer agent is Jersey Transfer &
Trust Company, Inc., Post Office Box 36, Verona, New Jersey 07044.

              No  prediction  can be made as to the effect,  if any, that future
sales of shares of common stock or the  availability  of common stock for future
sale  will  have  on the  market  price  of the  common  stock  prevailing  from
time-to-time.  Sales of substantial amounts of common stock on the public market
could adversely affect the prevailing market price of the common stock.


                                       9
<PAGE>

Dividends

              We have not paid a cash dividend on the common stock since current
management  joined our company in 1996.  The payment of dividends may be made at
the  discretion  of our board of  directors  and will depend  upon,  among other
things,  our  operations,  our capital  requirements  and our overall  financial
condition.  As of the  date of this  report,  we have no  intention  to  declare
dividends.

Other Stockholders Matters

              In the first half of 2000, we raised $364,000  through the private
placement of our securities  pursuant to Regulation D of the Securities  Act. We
sold 1,216 units to 34 investors.  Each unit was comprised of one hundred shares
of  restricted  common  stock,  par value  $.001,  and  warrants to purchase one
hundred  shares of common stock  exercisable  at $6.00 per share and warrants to
purchase one hundred shares of common stock  exercisable at $9.00 per share. The
warrants are exercisable through February 2002.

Item 6.       Management's Discussion and Analysis  of  Financial Condition  and
              Plan of Operations

General

              Management's    discussion   and   analysis    contains    various
forward-looking statements. These statements consist of any statement other than
a  recitation  of  historical   fact  and  can  be  identified  by  the  use  of
forward-looking terminology such as "may," "expect," "anticipate," "estimate" or
"continue" or use of negative or other variations or comparable terminology.

              We  caution  that  these  statements  are  further   qualified  by
important  factors that could cause  actual  results to differ  materially  from
those contained in the forward-looking  statements,  that these  forward-looking
statements  are  necessarily  speculative,  and  there  are  certain  risks  and
uncertainties  that could cause  actual  events or results to differ  materially
from those referred to in such forward-looking statements.

Year ended December 31, 2000 and 1999

Net  Sales.  Our net  sales  increased  by 19% to  $195,000  for the year  ended
December  31, 2000 from  $164,000  for the year ended  December  31,  1999.  The
increase  was due to  increase  volume  of orders  from New  Venture  Gear.  New
customer  orders of machine  work were at a minimum and efforts  were focused on
marketing of the Voraxial  Separator.  We anticipate that the marketing  efforts
for the Voraxial  Separator from this past year will begin to generate  revenues
in 2001,  which will reduce our need on revenues  generated  from high precision
manufacturing.  We do not expect to generate  as much  revenue in 2001 from high
precision  machining  as most of our  efforts  will  continue  to be  focused on
building, assembling, marketing and selling the Voraxial Separator.

General and administrative expenses

              General and  Administrative  expenses decreased by 16% to $460,000
for the year ended  December 31, 2000 from $547,000 for the year ended  December
31, 1999. The decrease was due to consolidation of  administrative  efforts.  We
are reducing the expense allocated towards high precision machining and focusing
a majority of our efforts on the marketing of the Voraxial  Separator.  As such,
the general and  administrative  overhead  typically  experienced  with the high
precision machining was reduced and consolidated with the activities  supporting
the Voraxial Separator.

              We have rented  excess space in our facility.  Income  amounted to
$42,000 in the year ended  December  31, 2000.  This  resulted in an increase of
180% from $15,000 in the year ended December 31, 1999.


                                       10
<PAGE>

Liquidity and capital resources

              In the year ended December 31, 2000 our working capital  decreased
by $90,000 from December 31, 1999.  This decrease was represented by an increase
in cash of  $65,000,  decrease of Accounts  Receivable  of $57,000,  decrease in
inventory  of  $25,000,  and offset by an  increase  in current  liabilities  of
$73,000. Operating at a loss for the year negatively impacted our cash position.
We anticipate that we will begin generating revenues and positive cash flow from
the Voraxial  Separator in 2001. To the extent such  revenues and  corresponding
cash flows do not materialize, we will require an infusion of capital to sustain
our  operations.  We can not be assured that the level of revenues  will be self
sustaining or that  required  capital will be able to be obtained or if terms of
such required capital may be acceptable to us.

              In the first half of 2000,  we raised  $364,000  through a private
placement of our  securities  pursuant to  Regulation D of the  Securities  Act.
Additional funding will eventually be necessary to expand marketing programs and
specific applications for the Voraxial Separator.

Continuing losses

              We may be unable to continue as a going concern, given our limited
operations and revenues and our significant  losses to date.  Throughout 2000 we
have encountered  greater expenses in the development of our Voraxial Separators
and have had limited  rental income for pilot  programs  from this  development.
Consequently,  our working capital may not be sufficient and our operating costs
may  exceed  those  experienced  in our prior  years.  In light of these  recent
developments,  we may be unable to  continue  as a going  concern.  However,  we
believe that the exposure  received in the past year for the Voraxial  Separator
has  positioned  the  Company  to begin  generating  sales  and  supply  us with
sufficient working capital.

Item 7.       Financial Statements

              The  financial  statements  required by this report are  included,
commencing on F-1.



                                       11
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY


Contents
                                                                        Page

Consolidated Financial Statements

   Independent auditors' report                                          F-2

   Balance sheet as of December 31, 2000                                 F-3

   Statements of operations for the years ended
      December 31, 2000 and 1999                                         F-4

   Statements of stockholders' equity for the years
      ended December 31, 2000 and 1999                                   F-5

   Statements of cash flows for the years ended
      December 31, 2000 and 1999                                         F-6

   Notes to financial statements                                         F-7





                                                                             F-1
<PAGE>

INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Stockholders
Enviro Voraxial Technology, Inc.


We have audited the accompanying  consolidated  balance sheet of Enviro Voraxial
Technology,  Inc. and subsidiary (the "Company") as of December 31, 2000 and the
related  consolidated  statements of operations,  stockholders'  equity and cash
flows  for the years  ended  December  31,  2000 and  1999.  These  consolidated
financial  statements are the  responsibility of the Company's  management.  Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

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

In our opinion, the financial statements enumerated above present fairly, in all
material  respects,  the  consolidated  financial  position  of Enviro  Voraxial
Technology,  Inc. and subsidiary as of December 31, 2000,  and the  consolidated
results  of their  operations  and their  consolidated  cash flows for the years
ended  December 31, 2000 and 1999,  in  conformity  with  accounting  principles
generally accepted in the United States of America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note A to the
financial statements, the Company has experienced recurring net losses, negative
cash flows  from  operations  and has a working  capital  deficiency  that raise
substantial doubt about its ability to continue as a going concern. Management's
plans in regard to these  matters are also  described  in Note A. The  financial
statements do not include any adjustments  that might result from the outcome of
this uncertainty.




Richard A. Eisner & Company, LLP
Florham Park, New Jersey
April 5, 2001


                                                                             F-2
<PAGE>

ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Balance Sheet
December 31, 2000

ASSETS
Current assets:
   Cash and cash equivalents                                     $      133,000
   Inventory                                                             75,000
                                                                 ---------------

      Total current assets                                              208,000

Property, plant and equipment, net                                      939,000

Other assets                                                              2,000
                                                                 ---------------
                                                                 $     1,149,000
                                                                 ===============

LIABILITIES
Current liabilities:
   Current portion of mortgage note payable                      $       11,000
   Current portion of obligations under capital leases                   27,000
   Accounts payable and accrued expenses                                134,000
   Due to stockholder (includes accrued interest of $65,000)            275,000
                                                                 ---------------
                                                                        447,000
                                                                 ---------------
Noncurrent liabilities:
   Mortgage note payable                                                397,000
   Obligations under capital leases                                      73,000
                                                                 ---------------
                                                                        470,000
                                                                 ---------------
Contingency

STOCKHOLDERS' EQUITY Capital stock $.001 par value:
   Preferred stock, voting, 8% noncumulative,
     convertible, authorized 7,250,000 shares,
     6,000,000 issued and outstanding (at
     liquidation value)                                                   6,000
   Common stock, authorized 42,750,000 shares;
     7,407,118 shares issued and outstanding                              7,000
Additional paid-in capital                                            1,276,000
Accumulated deficit                                                  (1,057,000)
                                                                 ---------------

      Total stockholders' equity                                        232,000
                                                                 ---------------

                                                                 $    1,149,000
                                                                 ===============



Attention  is directed to the foregoing auditors' report and to the accompanying
notes to financial statements                                                F-3

<PAGE>

ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Statements of Operations

                                                     Year Ended December 31,
                                                     2000               1999
                                                 -------------     -------------
Contract revenue (Note C)                        $    195,000      $    164,000
                                                 -------------     -------------

Costs and expenses:
   Cost of contract revenue                           135,000           173,000
   General and administrative                         460,000           547,000
   Research and development                           135,000            95,000
                                                 -------------     -------------

      Total costs and expenses                        730,000           815,000
                                                 -------------     -------------

Loss from operations                                 (535,000)         (651,000)
                                                 -------------     -------------

Other (income) expense:
   Interest expense                                    76,000            58,000
   Other income (Note J)                              (71,000)          (17,000)
                                                 --------------     ------------

      Total other (income) expense                      5,000            41,000
                                                 -------------     -------------

(Loss) before income tax benefit                     (540,000)         (692,000)

Income tax (benefit)                                                     34,000
                                                 -------------     -------------

Net (loss)                                       $   (540,000)     $   (658,000)
                                                 =============     =============

Basic and diluted (loss) per common share        $      (0.07)     $      (0.10)
                                                 =============     =============

Weighted average number of common shares
  outstanding                                       7,383,000         6,834,000
                                                 =============     =============



Attention is directed to the foregoing auditors' report and to the  accompanying
notes to financial statements                                                F-4
<PAGE>
<TABLE>
<CAPTION>

ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Statements of Stockholders' Equity


                                                                                                             Retained
                                                  Preferred Stock        Common Stock         Additional     Earnings
                                              ---------------------  ----------------------    Paid-in     (Accumulated
                                                Shares      Amount      Shares     Amount      Capital        Deficit)      Total
                                              ------------ --------  ------------ ---------  -----------  ------------  ------------
<S>                                           <C>          <C>       <C>          <C>        <C>           <C>           <C>
Balance, December 31, 1998                      6,000,000  $ 6,000     6,545,518  $  7,000   $  620,000   $   141,000   $   774,000
Issuance of common stock
   for services                                                          230,000                 82,000                      82,000
Shares issued for services rendered                                      110,000                153,000                     153,000
Issuance of warrants to purchase 400,000
   shares exercisable at $.10 per share for
   fair value of services                                                                        17,000                      17,000
Shares issued upon exercise of warrants                                  400,000                 40,000                      40,000
Net loss for the year ended
   December 31, 1999                                                                                         (658,000)     (658,000)
                                              ------------ --------  ------------ ---------  ------------  ------------  -----------

Balance, December 31, 1999                      6,000,000    6,000     7,285,518     7,000      912,000      (517,000)      408,000

Issuance of shares of common stock at $3 per
   share                                                                 121,600                364,000                     364,000
Net loss for the year ended
   December 31, 2000                                                                                         (540,000)     (540,000)
                                              ------------ --------  ------------ ---------  -----------  ------------  ------------

Balance, December 31, 2000                      6,000,000  $ 6,000     7,407,118  $  7,000   $1,276,000   $(1,057,000)  $   232,000
                                              ============ ========  ============ =========  ===========  ============  ============



Attention is directed to the foregoing auditors' report and to the accompanying notes to financial statements                    F-5
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows

                                                                                  Year Ended December 31,
                                                                              ------------------------------
                                                                                   2000            1999
                                                                              --------------  --------------
<S>                                                                           <C>             <C>
Cash flows from operating activities:
   Net loss                                                                   $    (540,000)  $    (658,000)
   Adjustments to reconcile net loss to net cash used in operating
      activities:
        Depreciation                                                                116,000         116,000
        Deferred income taxes                                                                       (34,000)
        Common stock issued for services                                                            235,000
        Warrants issued for services                                                                 17,000
        Gain on sale of equipment                                                   (15,000)
        Changes in:
           Accounts receivable                                                       57,000          12,000
           Inventory                                                                 25,000         112,000
           Other assets                                                               5,000          (5,000)
           Accounts payable and accrued expenses                                     81,000           9,000
                                                                              --------------  --------------

              Net cash used in operating activities                                (271,000)       (196,000)
                                                                              --------------  --------------

Cash flows from investing activities:
   Purchase of property, plant and equipment                                         (3,000)         (2,000)
   Proceeds from sale of equipment                                                   55,000
                                                                              --------------  --------------

              Net cash provided by (used in) investing activities                    52,000          (2,000)
                                                                              --------------  --------------

Cash flows from financing activities:
   Proceeds from issuance of common stock                                           364,000
   Repayments of mortgage note payable                                              (10,000)         (9,000)
   Proceeds from sale leaseback of equipment                                                        100,000
   Repayments of obligations under capital leases                                   (85,000)         (2,000)
   Advances from stockholder                                                         15,000          68,000
   Proceeds from exercise of warrants                                                                40,000
                                                                              --------------  --------------

              Net cash provided by financing activities                             284,000         197,000
                                                                              --------------  --------------

Net increase (decrease) in cash and cash equivalents                                 65,000          (1,000)
Cash and cash equivalents, beginning of year                                         68,000          69,000
                                                                              --------------  --------------

Cash and cash equivalents, end of year                                        $     133,000   $      68,000
                                                                              ==============  ==============


Supplemental disclosure of cash flow information:
   Cash paid for interest                                                     $      56,000   $      58,000
   Assets acquired under capital leases                                                       $      87,000







Attention is directed to the foregoing auditors' report and to the accompanying notes to financial statements
                                                                                                          F-6
</TABLE>
<PAGE>

ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE A - ORGANIZATION AND OPERATIONS

Enviro  Voraxial  Technology,  Inc. (the  "Company")  operates a high  precision
engineering  machine shop located in Florida  which  designs,  manufactures  and
assembles  specialized  parts and  components  for the aerospace and  automotive
industries.  The  Company  currently  operates  within  two  segments;  contract
manufacturing  services  to the  aerospace  and  automotive  industries  and the
manufacture  and  distribution  of the  Voraxial  Separator.  All  assets of the
Company,   except  for  inventory  is  associated  with  contract  manufacturing
services.  All contract  revenues and expenses,  and general and  administrative
expenses are associated with contract  manufacturing  services. All research and
development  expenses  and  $14,000 of pilot  program  income  included in other
income is associated  with the voraxial  separator.  Since 1999, the Company has
been  focusing its efforts on developing  and marketing the voraxial  separator.
The  voraxial  separator  is a  mechanical  device  for  separating  two or more
substances having different specific weights.  Potential commercial applications
include  oil/water  separation,  environmental  cleanup  and the  separation  of
industrial chemicals.

The Company has experienced net losses,  negative cash flows from operations and
as of December 31, 2000, has a negative  working capital  position.  There is no
assurance  that  the  Company's  developmental  and  marketing  efforts  will be
successful,  that the Company will ever have commercially  accepted products, or
that the Company will achieve significant  revenues. If the Company is unable to
successfully  commercialize  its  technologies,  it is unlikely that the Company
could  continue its business.  The Company will continue to require the infusion
of  capital  until  operations  become  profitable.  During  2001,  the  Company
anticipates  raising  additional  capital,  commencing  sales  of  the  voraxial
separator and continuing to monitor  expenses.  There is still substantial doubt
about the ability of the Company to continue as a going concern. These financial
statements  make no  adjustment  to the  classification  or  amount of assets or
liabilities that may be necessary as a result of the going concern uncertainty.


NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

[1]    Principles of consolidation:

       The consolidated financial statements as of December 31, 2000 include the
       accounts of the parent company Enviro Voraxial  Technology,  Inc. and its
       wholly-owned subsidiary Florida Precision Aerospace, Inc. All significant
       intercompany accounts and transactions have been eliminated.

[2]    Cash and cash equivalents:

       The Company  considers all highly liquid  investments  with a maturity of
       three months or less at the date of purchase to be cash equivalents.

[3]    Property, plant and equipment:

       Property, plant and equipment are stated at cost. The cost of maintenance
       and  repairs  is  charged  against  results of  operations  as  incurred.
       Depreciation is computed by the  straight-line  method over the estimated
       economic useful life of the assets (5 -20 years).

[4]    Net loss per share:

       Basic and diluted  loss per share has been  computed by dividing  the net
       loss available to common  stockholders by the weighted  average number of
       common shares outstanding.  The convertible  preferred stock and warrants
       have  been   excluded   from  the   calculation   since   they  would  be
       anti-dilutive.  Such equity instruments may have a dilutive effect in the
       future.

                                                                             F-7
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

[5]    Inventory:

       Inventory consists of components for the voraxial separator and is priced
       at  lower of  first-in,  first-out  cost or  market.  Inventory  includes
       components held by third parties in connection with pilot programs.

[6]    Use of estimates:

       The  preparation of financial  statements in conformity  with  accounting
       principles  generally  accepted in the United States of America  requires
       management to make  estimates and  assumptions  that affect the amount of
       assets  and  liabilities   and  disclosures  of  contingent   assets  and
       liabilities  at the date of the  financial  statements  and the  reported
       amounts  of  revenues  and  expenses  during  the  reporting   period.  A
       significant estimate involves the value of the Company's inventory.

[7]    Income taxes:

       Deferred  income taxes are recognized for the tax  consequences in future
       years of differences  between the tax bases of assets and liabilities and
       their financial reporting amounts based on enacted tax laws and statutory
       tax rates applicable to the periods in which the differences are expected
       to affect  taxable  income.  Valuation  allowances are  established  when
       necessary,  to reduce  deferred  tax assets to the amount  expected to be
       realized.

[8]    Research and development expenses:

       Research and development costs are expensed as incurred.

[9]    Revenue recognition:

       The Company recognizes  contract revenue when earned.  Shipments to third
       parties in connection  with pilot  programs are not recognized as revenue
       and such components are included in inventory as of December 31, 2000.

[10]   Fair value of financial instruments:

       The carrying amounts of the Company's cash and cash equivalents, accounts
       payable,  and amounts due to stockholders  approximate  fair value due to
       their short  maturities.  Mortgage  note  payable and  obligations  under
       capital leases approximate fair value as the interest rates applicable to
       these debt instruments are comparable to quoted market prices for similar
       issues.

[11]   Advertising costs:

       Advertising  costs,  which  amounted  to $16,000 and $0 in 2000 and 1999,
       respectively, are expensed as incurred.


NOTE C - CONCENTRATION OF CREDIT RISK

During 2000, one customer  accounted for 72% of contract  revenue as compared to
two customers  accounting for 25% and 60% of contract revenue for the year ended
December 31, 1999.


                                                                             F-8
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE D - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of December 31, 2000 consists of:

           Land and building                                    $      610,000
           Machinery and equipment                                     660,000
           Furniture and fixtures                                       14,000
           Leasehold improvements                                       43,000
           Auto                                                         13,000
                                                                ---------------

                                                                     1,340,000
           Less accumulated depreciation and amortization             (401,000)
                                                                ---------------

           Net property, plant and equipment                    $      939,000
                                                                ===============

Included  in  depreciation  expense  for the year  ended  December  31,  2000 is
amortization  of  equipment   under  capital  leases  of  $19,000.   Accumulated
amortization relating to equipment under capital leases aggregated $73,000 as of
December 31, 2000. Net book value of equipment  under capital leases amounted to
$114,000 as of December 31, 2000.


NOTE E - MORTGAGE NOTE PAYABLE

In July 1998,  the Company  entered  into a loan  agreement  with a bank for the
purchase of land and a building. The loan amortizes over 20 years with a balloon
payment of $308,000 due at the end of 10 years.  Principal and interest payments
are due monthly with interest  fixed at 8.5% through June 2003;  thereafter  the
interest  rate will adjust  annually to the bank's  prime rate plus one percent.
The mortgage note is  collateralized  by the land and building and is guaranteed
by a principal stockholder.

Annual  maturities  of the  mortgage  note for each of the next  five  years and
thereafter are as follows:

           Year Ending
           December 31,

              2001                                       $    11,000
              2002                                            11,000
              2003                                            12,000
              2004                                            14,000
              2005                                            15,000
              Thereafter                                     345,000
                                                         ------------

                                                         $   408,000
                                                         ============

                                                                             F-9
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE F - OBLIGATIONS UNDER CAPITAL LEASES

As of December 31, 2000,  the future minimum lease payments under capital leases
are as follows:

           Year Ending
           December 31,

              2001                                       $   35,000
              2002                                           35,000
              2003                                           35,000
              2004                                           13,000
                                                         -----------
                                                            118,000
             Less amount representing interest              (18,000)
                                                         -----------
                                                            100,000
             Due within one year                             27,000
                                                         -----------

             Due after one year                          $   73,000
                                                         ===========

The  obligation  under one of the  capital  leases is the result of the  Company
entering  into a sale  leaseback  transaction.  Since the lease  provides  for a
bargain purchase option,  it has been recorded as a capital lease and no gain or
loss on the sale has been recognized.


NOTE G - RELATED PARTY TRANSACTIONS

Amount due to a principal  stockholder  accrues  interest at 8% per annum and is
due on demand. For the years ended December 31, 2000 and 1999,  interest expense
aggregated $20,000 and $17,000, respectively.

In January  2000,  relatives  of a principal  stockholder  invested  $30,000 for
10,000  shares of common  stock as part of a private  placement  as described in
Note H below.


NOTE H - CAPITAL TRANSACTIONS

Common stock:

During the year ended  December  31, 1999,  the Company  issued  230,000  common
shares  valued at $82,000 in exchange for services  rendered to the Company.  In
addition,  the Company was  obligated to issue  110,000  common shares valued at
$153,000  for  services  rendered  to the  Company.  Such  shares were issued in
January 2000 and  reflected  as  outstanding  as of December 31, 1999.  The fair
value of the shares  issued for  services in 1999 is based on the quoted  market
value for traded shares at the date of the transaction.

During the year ended  December 31, 2000, the Company sold 1,216 units of common
stock,  each unit  consisting  of 100 shares of common  stock,  100  warrants to
purchase 100 shares of common stock at an exercise price of $6 per share and 100
warrants to purchase 100 shares of common  stock at an exercise  price of $9 per
share, in a private  placement.  Net proceeds received by the Company aggregated
$364,000.  The warrants are  exercisable  at date of issuance  through  February
2002.


                                                                            F-10
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE H - CAPITAL TRANSACTIONS (CONTINUED)

Preferred stock:

The preferred stock has voting rights, is convertible and accrues dividends at a
rate of 8% per  share  when and as  declared  by the Board of  Directors.  The 6
million shares of preferred stock are convertible into common stock on a one for
one basis.  However,  beginning  January 1, 1998,  and for each year  thereafter
through  December 31, 2002, for each year revenues  increase by $10 million over
the preceding  years revenue,  1 million  preferred  shares shall be convertible
into  1,200,000  shares of common stock.  Upon the  satisfaction  of the revenue
increase condition, the Company will incur a charge to operations. Any shares of
preferred  stock which have not been  converted by December  31, 2002,  shall be
automatically converted into shares of common stock on a share for share basis.

As of December  31, 2000,  6,400,000  common  shares have been  reserved for the
conversion of preferred stock.

Warrants:

In April 1999, the Company issued a warrant to purchase 400,000 common shares at
an exercise price at $.10 per share for services.  The value ascribed of $17,000
was determined  using the  Black-Scholes  option pricing model.  The assumptions
included dividend yield 0%, volatility 311%,  expected life 6 months,  risk free
interest  rate of 4.72%.  In November  1999,  the warrant was  exercised and the
Company  received  proceeds of  $40,000.  As of December  31,  2000,  there were
243,200 warrants outstanding.


NOTE I - INCOME TAXES

The        significant  components  of the  Company's  deferred  tax  asset  and
           liabilities as of December 31, 2000 are as follows:

           Deferred  income tax assets:
              Net operating losses carryforwards         $   459,000
              Tax credits                                     21,000

           Deferred income tax liabilities:
              Depreciation                                   (21,000)
              Change in tax accounting method                (34,000)
                                                         ------------
                                                             425,000
           Valuation allowance                              (425,000)
                                                         ------------

           Net deferred tax asset                        $         0
                                                         ============

The  significant  components of the benefit for income taxes for the years ended
December 31, 2000 and 1999 are as follows:
                                                       2000            1999
                                                   ------------    ------------
           Deferred:
              Federal                              $  (204,000)    $  (192,000)
              State                                    (31,000)        (33,000)
              Change in valuation allowance            235,000         191,000
                                                   ------------    ------------

                 Total deferred income taxes       $         0     $   (34,000)
                                                   ============    ============

                                                                            F-11
<PAGE>
ENVIRO VORAXIAL TECHNOLOGY, INC. AND SUBSIDIARY

Notes to Financial Statements
December 31, 2000


NOTE I - INCOME TAXES (CONTINUED)

As of December 31, 2000,  the Company has net operating  loss  carryforwards  of
approximately  $1,218,000 for federal income tax purposes,  which expire through
2020.

The  difference  between the statutory  federal income tax rate on the Company's
pre-tax  loss and the  Company's  effective  income  tax rate is  summarized  as
follows:

                                                       2000             1999
                                                      ------          ------
     Statutory federal income tax rate                 34.0%           34.0%
     Other                                              3.7            (5.5)
     Increase in valuation allowance                  (37.7)          (23.6)
                                                      ------          ------

     Effective income tax rate                          0.0%            4.9%
                                                      ======          ======

NOTE J - OTHER INCOME

Other  income  consists of rental  income from the  sublease of office  space of
$42,000  on a  month-to-month  basis,  income  aggregating  $14,000  from  pilot
programs  temporarily  allowing the voraxial  separator to be used in 2000 and a
gain on sale of equipment of $15,000.


NOTE K - CONTINGENCY

The estimated  replacement  cost of inventory and property,  plant and equipment
exceeds the underlying insurance coverage as of December 31, 2000.



                                                                            F-12
<PAGE>
Item 8.       Changes in and Disagreements With Accountants  on  Accounting  and
              Financial Disclosure

              In February 2000, Richard A. Eisner & Company, LLP was retained as
our independent auditors and have audited the 2000 and 1999 financial statements
included herein.  Prior to Richard A. Eisner & Company,  LLP, Millward & Co., of
Fort Lauderdale,  Florida served as our independent auditors. Millwood & Company
resigned as our auditors on November 29, 1999.  The report of Millward & Company
for the fiscal  years  ended  December  31, 1997 and  December  31, 1998 did not
contain  an  adverse   opinion,   disclaimer  of  opinion,   qualification,   or
modification as to uncertainty,  audit scope or accounting principles.  We filed
an 8-K to indicate our change in accountants.

              There have been no disagreements with Richard A. Eisner & Company.










                                     12
<PAGE>

PART III

Item 9.       Directors, Executive Officers, Promoters and Control Persons

Directors and executive officers

              The  following  sets forth the names and ages of our  officers and
directors.  Our  directors  are elected  annually by our  shareholders,  and the
officers are appointed annually by our board of directors.

       Name                          Age                    Position

       Alberto DiBella               70                     President, Director

              Alberto DiBella is a graduate of the Florence Technical Institute,
Italy,  where he  obtained a degree in  mechanical  engineering  in 1952.  After
immigrating to the United States in 1962, Mr. DiBella worked in New Jersey for a
major tool manufacturer. From 1988 to 1993, he was the President of E.T.P., Inc,
a machining business,  where he was responsible for day to day operations of the
company.  In 1993,  he  relocated  to Florida and founded  FPA, our wholly owned
subsidiary.  Since our  inception he has worked in the day to day  operations of
FPA. He has been our  president  and chairman  since June 1996 and president and
chairman of our  subsidiary,  FPA, since its  organization in February 1993. Mr.
DiBella holds no directorships in any reporting companies.

Item 10.      Executive compensation

              The following table sets forth compensation  awarded to, earned by
or  paid to our  chief  executive  officer  and  each  executive  officer  whose
compensation  exceeded $100,000 for the year ended December 31, 2000. We did not
grant any stock options, restricted stock awards or stock appreciation rights or
make any long-term incentive plan payments during 2000 or 1999.

As of December 31, 2000, Mr. DiBella,  held 2,830,000  restricted  shares of our
common  stock and  6,000,000  restricted  shares  of our  preferred  stock.  The
preferred  stock issued to Mr.  DiBella is convertible  into common stock,  at a
premium of 1.2:1,  in an amount not greater than  1,200,000  shares per year for
each revenue increase of $10,000,000 over the revenues of the prior year. If the
revenue  increase is not  $10,000,000  the conversion  shall be one for one. Any
shares of preferred  stock,  which have not been converted by Mr. DiBella before
December 31, 2002, are automatically  converted into shares of common stock on a
share-for-share basis.

                                    SUMMARY COMPENSATION TABLE
                                        Annual Compensation

Name                  Year          Salary      Bonus     Other

Alberto DiBella       1999             ---       ---       ---
                      2000             ---       ---       ---



                                       13
<PAGE>

Employment agreements

              Alberto  DiBella,  our  chief  executive  officer,  president  and
chairman  currently  does not have an  employment  contract  and did not receive
compensation  for 2000 or 1999. We intend to enter into an employment  agreement
with  Mr.  Alberto  DiBella  in the  future.  John  A.  DiBella  is a  full-time
consultant to the Company and we plan to enter into an employment agreement with
him in 2001.

Stock options

              During fiscal year 2000, there were no option or SAR grants to any
persons, including any of our executive officers or directors.

Option exercises and holdings

              To date, we have not issued any options or SARs to any persons. No
options or SARs were exercised or unexercised during fiscal year 2000.


Item 11.      Security Ownership of Certain Beneficial Owners and Management

              The  table  below  sets  forth  information  with  respect  to the
beneficial ownership of our securities as of December 31, 2000 by:

              1)  each person known by us to be the  beneficial  owner  of  five
                  percent  or more of our  outstanding securities, and

              2)  executive officers and directors, individually and as a group.

              Unless otherwise  indicated,  we believe that the beneficial owner
has sole voting and investment power over such shares.

Name and Address of                 Number of Shares          Percentage of
   Beneficial Owner                 Beneficially Owned           Ownership
----------------------              ------------------        -------------

Alberto DiBella (1)                         8,872,000               66.17%
3500 Bayview Drive
Fort Lauderdale, FL  33308

Howard J. Falcon, III, Ttee                 1,709,929               12.75%
For Harvey E. Richter
Irrevocable Trust of 6/26/95
400 A North Flagler Drive #2
West Palm Beach, FL  33401

All officers and directors                  8,872,000               66.17%
as a group (1 person)

(1)      Alberto DiBella's  beneficial share ownership includes 10,000 shares of
         common stock owned by his wife,  10,000 shares of common stock owned by
         his daughter.  It also includes  6,000,000 shares of voting convertible
         non-cumulative,  8% preferred stock, $0.001 par value. These shares are
         convertible  into one  share of our  common  stock  based on  incentive
         formulas, which are measured by our overall performance.


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<PAGE>

Item 12.      Certain Relationships and Related Transactions

              Pursuant to our agreement and plan of reorganization  with FPA, we
issued 10,000,000 shares of common stock to the shareholders of FPA. At the time
of this  transaction,  Alberto DiBella,  our sole officer and director,  was the
majority  shareholder of FPA. Mr. DiBella  received  7,830,000 of the 10,000,000
shares of our common stock issued in this transaction.

              From 1994 through  1999, we borrowed  approximately  $210,000 from
our president, Mr. Alberto DiBella, at an annual rate of eight percent (8%) with
principal  payable on demand.  No repayment of interest or loan has been made to
date.

              On October 20, 1997,  our  Chairman,  Alberto  DiBella,  agreed to
contribute  5,000,000  shares of common stock to our treasury  which shares were
cancelled in  consideration  for the issuance to him of 5,000,000  shares of our
preferred  stock.  Subject to  adjustment,  the  preferred  stock  issued to Mr.
DiBella  is  convertible  into  common  stock,  in an amount  not  greater  than
1,200,000 shares per year commencing  January 1, 1998, for each revenue increase
of  $10,000,000  over the  revenues of the prior year.  Any shares of  preferred
stock,  which have not been converted by Mr.  DiBella before  December 31, 2002,
shall  then  be  automatically  converted  into  shares  of  common  stock  on a
share-for-share basis.

              We believe that all transactions  with our officers,  shareholders
and each of our  affiliated  companies have been made on terms no less favorable
to our company than those available from unaffiliated parties.

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

Exhibit No.           Description of Exhibit

      2               Plan of Merger*
      3(i)            Articles of Incorporation*
      3(ii)           Bylaws*
      4               Share Certificate*
      10              Mortgage Note*
      21              Subsidiaries*
      99              Agreement for Preferred Shares*

*Previously filed

              We have  filed a report  on Form 8-K that  covered  our  change in
auditors as disclosed in Item 8 that occurred  during the period covered by this
report.


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<PAGE>

                                   SIGNATURES

              In accordance with Section 13 or 15(d) of the Securities  Exchange
Act of 1934, as amended,  the registrant  caused this report to be signed on its
behalf by the undersigned and duly authorized on April 16, 2001.

                                    ENVIRO VORAXIAL TECHNOLOGY, INC.


                                    By:/s/ Alberto DiBella
                                           -------------------------------------
                                           Alberto DiBella
                                           President and Chief Executive Officer







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