# U.S.
SECURITIES AND EXCHANGE COMMISSION

# Washington,
D.C. 20549

# Form 10-KSB/A

|[X] | ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE
FISCAL YEAR ENDED DECEMBER 31, 2000
|--- | --------------------------------------------------------------------------------------------------------------------------

|[ ] | TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT OF 1934 FOR THE
TRANSITION PERIOD FROM ________ TO ________
|--- | ---------------------------------------------------------------------------------------------------------------------------------------

# Commission
File Number 0-23952

# AVERT, INC.
(Name of small business issuer in its charter)

COLORADO   
              
              
              
              
              
              
              
              
        84-1028716
              
    (State or other jurisdiction of    
              
              
              
              
              
             
   (I.R.S. Employer Identification No.)
              
     incorporation or organization)

# 301
REMINGTON, FORT COLLINS, COLORADO 80524
(Address of principal executive offices)        
           
 (Zip Code)

Issuer's
telephone number, including area code: (970) 484-7722
SECURITIES REGISTERED UNDER SECTION 12(b) OF THE EXCHANGE ACT: None
SECURITIES REGISTERED UNDER SECTION 12(g) OF THE EXCHANGE ACT:COMMON STOCK, No 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  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part III of this  Form  10-KSB or an
amendment to this Form KSB. [  ]

The
issuer's revenues for the year ended December 31, 2000, were $17,895,000.

The
aggregate market value of the voting stock held by  non-affiliates of the issuer
as of March 16, 2001, was $50,059,546.

As
of March 16, 2001, the issuer had outstanding  3,266,705 shares of Common Stock,
No Par Value, its only class of common equity.

# DOCUMENT
INCORPORATED BY REFERENCE

NONE

Transitional
Small Business Disclosure Format (Check one):

# Yes
[  ] No [X]

---

This
Form  10-KSB/A is being filed  solely to include Part III. At the time of filing
of the Form 10-KSB for Avert's  fiscal year ended  December  31,  2000,  Avert's
definitive  Proxy  Statement  for its 2001 Annual  Meeting of  Shareholders  was
incorporated by reference into Part III. The information required by Part III is
now included as a part of this Form 10-KSB/A.

# 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 certain information concerning directors and executive officers of the
Company:

`Name                                       Age     Position(s) with the Company
----                                       ---     ----------------------------
Dean A. Suposs...........................   48     Chairman of the Board; President

Stephen C. Fienhold......................   58     Director

Stephen D. Joyce.........................   52     Director, Secretary

Jamie M. Burgat..........................   42     Vice President of Operations;
                                                   Treasurer; Assistant Secretary

Jerry Thurber..........................     45     Chief Technology Officer;
                                                   Vice President of Client Services`

The
following is a brief description of each person's business experience during the
past five years:

Dean
A. Suposs, a co-founder of the Company,  has served as Chairman of the Board
and President of the Company on a full-time basis since the Company's inception.
Mr. Suposs graduated from Colorado State University,  Fort Collins, Colorado, in
1975 with a Bachelor of Science degree in Animal Science.  Mr. Suposs  graduated
from  University  of  Denver,  Denver,  CO, in 1999 with a Masters  of  Business
Administration.

Stephen
C.  Fienhold,  a co-founder of the Company,  has served as a director of the
Company since its inception.  He is the co-owner with his wife of SR Products, a
lighting fixture manufacturer,  located in Fort Collins,  Colorado. From January
1982  until  1989,  Mr.  Fienhold  was  co-owner  of  Creative  Engineering,  an
engineering and  manufacturing  firm located in Fort Collins.  He graduated from
the University of Arizona,  Tucson,  Arizona, in 1969 with a Bachelor of Science
degree in Aerospace  and  Mechanical  Engineering  and has  participated  in the
Colorado State University MBA program.

Stephen
D.  Joyce has served as a director of the company since May, 1995 and as the
Secretary since June, 1999. Mr. Joyce is the owner of Supermarket Liquors, Inc.,
located  in Fort  Collins,  Colorado,  and has served as the  President  of that
company since October 1976. He graduated from Rensselaer  Polytechnic  Institute
in 1971 with a  Bachelor  of  Science  degree in  Management.  He  attended  the
University of California-Berkeley from 1971 to 1972, where he studied marketing,
but did not obtain a degree.

Jamie
M.  Burgat  joined the Company in September of 1987, and has served as VP of
Operations  since that time, and as Treasurer  since April,  1994. Ms. Burgat is
responsible for the overall planning, management, and reporting of the Company's
financial  condition to both the Company's internal and external  customers.  In
addition,  in her  dual  role  of VP of  Operations,  Ms.  Burgat  oversees  the
operational  functions  involved  in the  actual  production  of  the  Company's
products  and  services.  Prior to joining  Avert,  Inc.  Ms.  Burgat  served as
controller for MENU, international software database company, later purchased by
Black Box Corporation. Ms. Burgat graduated from Western State College with a BA
in Business Administration,  and obtained an MBA with finance concentration from
Colorado State University.

---

Jerry
Thurber  joined the Company in June,  1996 and is responsible for leveraging
technology and business development to extend Avert's market reach and to better
serve  Avert's  customers.  As both Chief  Technology  Officer and VP for Client
Services since February,  2000 he has the unique  responsibility  to ensure that
Avert not only remains innovative, but effective in working with Avert's growing
customer base.  Prior to joining Avert in 1996, Mr. Thurber was a Vice President
with AMS, Inc., a billion dollar  information  systems consulting firm. Over his
career,  he has  specialized  in helping  both Fortune 500  companies  and small
rapid-growth  companies achieve significant  business  breakthroughs by blending
technical  innovation  with strategies for business  development and sales.  His
background   includes   projects   with   international    organizations,    the
telecommunications,  transportation and financial  services  industry,  and with
software  firms in human  resources,  payroll and  accounting.  Mr.  Thurber has
served as President of the Rocky Mountain Information Management Association and
Chairman of the  Information  Systems  Advisory  Council for the  University  of
Colorado. He frequently lectures on business and technology innovation and is an
adjunct faculty member at Regis University, where he teaches information systems
and strategic  technology  planning.  Mr. Thurber  graduated from Colorado State
University  with a BA in Political  Science in 1978,  and obtained an Masters in
International Management from Denver University in 1983.

The
directors  of the  Company  hold office  until the next annual  meeting or until
their  successors  are duly elected and  qualified.  The officers of the Company
hold office until their successors are appointed by the Board of Directors.  All
officers  of the  Company  are  employed  on a  full-time  basis.  There  are no
arrangements or understandings  between any of the directors or officers and any
other person pursuant to which he or she was or is to be selected as a director,
nominee, or officer.  There is no family  relationship  between any director and
executive officer of the Company.

## Other
Significant Employee

In
addition to the directors and  executive  officers set forth above,  the Company
believes the following employee is significant to its operations:

`Name                                         Age     Position with the Company
----                                         ---     -------------------------
Patrick Piscani.......................        45     Customer Service & Operations
                                                     Manager`

Patrick
Piscani joined the Company in May, 1999 and manages the Customer Service and
Operations  groups. He is responsible for the production of Avert's products and
services,  ensuring that  customers  are satisfied  with the service and support
they are receiving,  as well as monitoring  the quality of outgoing  reports and
fulfillment  of orders.  In  addition,  a primary  goal is to leverage  existing
product  systems while  continually  developing new processes to achieve maximum
production value.  Joining Avert in May of 1999, Mr. Piscani brought 17 years of
management  experience from Consolidated Edison of New York, an electric,  steam
and gas utility.  During that time, Mr. Piscani spent 2 years as a field manager
and 15 years as a  performance  and call center  manager  with  responsibilities
including  performance analysis,  customer inquiries and complaints,  overseeing
the inbound phone call center activities,  quality review,  special services and
administrative support.

## Section 16(a)
Beneficial Ownership Reporting

Section
16(a) of the Securities Exchange Act of 1934, as amended, requires the Company's
officers and directors  and persons who own more than 10% of a registered  class
of the company's  equity  securities to file reports of ownership and changes in
ownership with the Securities and Exchange  Commission  ("SEC") and the National
Association of Securities Dealers, Inc. Officers, directors and greater than 10%
stockholders  are required by SEC  regulation to furnish the Company with copies
of all Section 16(a) filings.

Based
solely  on its  review  of  copies  of such  forms  received  by it and  written
representations  from  directors  and  executive  officers  that no Form 5s were
required for those persons,  the Company  believes  that,  during the year ended
December 31,  2000,  its  officers,  directors  and greater than 10%  beneficial
owners complied with all applicable filing  requirements,  except the following:
Dean A.  Suposs  failed to timely  file one report  covering  two  transactions;
Stephen  C.  Fienhold  failed  to  timely  file  three  reports  covering  three
transactions;  D. Michael Vaughan failed to timely file two reports covering two
transactions; Stephen D. Joyce failed to timely file three reports covering four
transactions; and Jerry Thurber failed to timely file two reports covering three
transactions. None of these late reports have been filed.

---

## Item 10.
Executive Compensation

## Employment
Agreement

The
Company entered into an employment  agreement with Mr. Suposs effective  January
1, 1999 and terminating on December 31, 2003. The Employment  Agreement provides
for an annual salary of at least $120,000 per year ("Base Salary") and an annual
bonus ("Annual Bonus") based on a percentage of income for year before deduction
of income taxes and before  giving effect to the bonus,  but after  deduction of
investment income ("Pre-Tax  Earnings").  The bonus schedule is as follows:  For
Pre-Tax  Earnings  up to  $1,500,000  a 6%  bonus;  for  Pre-Tax  Earnings  from
$1,500,001-$2,000,000    a    7%    bonus;    for    Pre-Tax    Earnings    from
$2,000,001-$2,500,000 an 8% bonus, and for Pre-Tax Earnings over $2,500,000 a 9%
bonus. In addition,  the agreement  includes a $300 per month auto allowance and
the grant of stock options in 1999 to purchase  100,000  shares with an exercise
price of $4.188 per share.  These  options vest equally over a five-year  period
ending January 1, 2004, and expire ten years from date of grant.

## Executive
Compensation

The
following  table  sets  forth  the cash  compensation  paid to Mr.  Suposs,  the
President (chief executive officer) of the Company, for each of the years in the
three-year  period ended  December 31, 2000. No other  executive  officer of the
Company had total annual salary and bonus for the year ended  December 31, 2000,
in excess of $100,000.

# SUMMARY COMPENSATION
TABLE

`Long-term
                                          Annual Compensation                  Compensation
                               ---------------------------------------------   ------------
                                                                                Securities
Name and                                                    Other Annual        Underlying      All other
Principal Position       Year   Salary($)    Bonus($)     Compensation($)(1)     Options      Compensation(2)
------------------       ----   ---------    --------    ------------------    ------------   --------------
Dean A. Suposs,
President and
Chairman of the
Board...............    2000   $120,000(3)  $330,268(3)      $  --                --            $  --
                        1999   $120,000(3)  $181,086(3)      $  --             100,000          $  --
                                                                               shares
                        1998   $ 96,000(4)  $ 56,664(4)      $  --                --            $  --`

___________________

|(1) | Does not include:  (i) board fees of $9,600 for each of the years ended December
31, 2000, 1999, 1998, respectively, or (ii) $300 per month automobile allowance.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Represents Company  contributions for the benefit of Mr. Suposs under the Avert,
Inc. 401(k) Profit Sharing Plan (the "Plan"). The Plan is for the benefit of all
eligible  employees  of the  Company.  Eligible  employees  may  make  voluntary
contributions  to the Plan  which are then  matched  50% by the  Company up to a
maximum of $1,500.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | Represents a fixed annual salary of $120,000, and a bonus of 6% to 9%, based on
profits on an incremental basis, on income before deduction of income taxes and
before giving effect to the bonus, but after deduction of investment income
pursuant to the Employment Agreement in force in 1999.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) | Represents a fixed annual salary of $96,000 and a bonus of 6% of income before
deduction of income taxes and before giving effect to the bonus, but after
deduction of investment income pursuant to the Employment Agreement
in force in 1998.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Option Grants
in 2000

There
were no options granted during the year ended December 31, 2000 to the Company's
executive officer named in the Summary Compensation Table above.

---

## Aggregated
Option Exercises and 2000 Year-End Option Value

The
following table sets forth  information  concerning the fiscal year-end value of
unexercised  options  held  by  the  executive  officer  named  in  the  Summary
Compensation Table above.

# Aggregated
Option Exercises
For Year Ended December 31, 2000
And Year-End Option Values

`Number of Shares          Value of Unexercised
                                                         Underlying Unexercised      In-The-Money Options at
                        Shares                          Options at Year End(#)(2)        Year-End ($)(3)
                     Acquired on          Value         ------------------------   ----------------------------
Name                Exercise (#)(1)   Realized ($)(1)   Exercisable Unexercisable  Exercisable    Unexercisable
----                ---------------   ---------------   ----------- -------------  -----------    -------------
Dean A. Suposs......       0                 0            240,000       60,000      $1,962,400       $543,600`

_____________________

|(1) | No options were exercised during the year ended December 31, 2000.
|--- | ------------------------------------------------------------------

|(2) | The total number of unexercised options held as of December 31, 2000, separated
between those options that were exercisable and those options that were not
exercisable.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | Calculated by subtracting actual option exercise price from market value at year
end ($13.25 per share) and multiplying the difference by the number of shares in
each category.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Directors
Compensation

Each
director  of the  Company  is paid a  monthly  fee of $800 as  compensation  for
services as a board member. In addition,  pursuant to the Company's Non-Employee
Directors'  Stock  Option  Plan,  each  non-employee  director is  automatically
granted  options to purchase 1,000 shares at the time he becomes a director and,
thereafter,  options to purchase an additional  1,000 shares for each subsequent
year that he serves.

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

The
following  table sets  forth,  as of April 13 2001  information  concerning  the
beneficial  ownership of the Company's  Common Stock by (i) each person known to
the Company to be the beneficial owner of more than 5% of the outstanding shares
of the Company's Common Stock, (ii) each director and nominee as director of the
Company, (iii) the executive officer named in the Summary Compensation Table set
forth  below  under  the  caption   "Compensation  of  Directors  and  Executive
Officers--Executive Compensation," and (iv) all directors and executive officers
as a group.

`Amount and Nature of
                                            Beneficial Ownership          Percent
     Name and Address                        of Common Stock(1)          of Class
     ----------------                       --------------------         --------

J.P. Morgan Chase & Co. (2)..............         317,610(1)                9.7%
500 Stanton Christiana Road
Newark, DE  19713-2107

Dean A. Suposs (3).......................         346,889(4)                9.6%
1526 Remington
Fort Collins, Colorado 80524

Stephen C. Fienhold (3)..................         105,000(5)                3.1%
1637 Tanglewood Drive
Fort Collins, Colorado 80525

Stephen D. Joyce (3).....................         187,000(6)                5.4%
1124 Cobblestone Court
Fort Collins, Colorado 80525

All directors
and executive officers as
 a group (5 persons).....................         689,079(7)               19.4%`

________________________

---

|(1) | Beneficial ownership includes shares over which the indicated beneficial owner
exercises voting and/or investment power. Shares of Common Stock subject to
options currently exercisable or exercisable within 60 days are deemed
outstanding for computing the percentage ownership of the person holding the
options but not deemed outstanding for computing the percentage ownership of any
other person.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Number of shares stated was obtained from Schedule 13G filed with the Securities
and Exchange Commission by J.P. Morgan and Co.
|--- | -------------------------------------------------------------------------------------------------------------------------------

|(3) | A  director  and a nominee  for  election  to the Board of  Directors  and/or an
executive officer of Avert.
|--- | ------------------------------------------------------------------------------------------------------------

|(4) | Consists  of: (i) 100,064  shares  owned by the wife of Mr.  Suposs;  (ii) 6,825
shares owned  directly by Mr. Suposs;  and (iii) the 240,000 shares  purchasable
under currently  exercisable  stock options  granted under the Avert,  Inc. 1994
Stock Incentive Plan.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | Consists of: (i) 3,000 shares  purchasable  under  currently  exercisable  stock
options granted under the Avert, Inc. Non-Employee Directors' Stock Option Plan;
and (ii) 102,000 shares owned by the wife of Mr. Fienhold.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(6) | Consists of: (i) 169,000  shares held directly or indirectly by Mr. Joyce;  (ii)
14,000  shares  owned by the  children  of Mr.  Joyce;  and (iii)  4,000  shares
purchasable  under currently  exercisable stock options granted under the Avert,
Inc. Non-Employee Directors' Stock Option Plan.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(7) | Includes: (i) a total of 240,000 shares purchasable under currently exercisable
employee stock options held by Mr. Suposs (see Note 3 above); (ii) a total of
7,000 shares purchasable by Messrs. Fienhold and Joyce under currently
exercisable non-employee director stock options (see Notes 5 and 6 above); and
(iii) 4,145 shares held directly or indirectly by Jamie M. Burgat, the
Companys Vice President of Operations, Treasurer and Assistant Secretary,
44,000 shares purchasable under currently exercisable employee stock options
held by Ms. Burgat, 2,000 shares purchasable under currently exercisable
employee stock options held by Jerry Thurber, and 45 shares held directly or
indirectly by Mr. Thurber, the Companys Chief Technology Officer and Vice
President of Client Services.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

## Item 12.
Certain Relationships and Related Transactions

None

---

# 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.

AVERT, INC.

Date:  April 28, 2001    
 
            
            
            
            
            
        By:
/s/Dean A. Suposs                
                
                
                
          
                
                
        
       Dean A. Suposs, President and Chairman
of the Board

Pursuant to the
requirements of the Securities Exchange Act of 1934, this report has been signed
by the following persons on behalf of the Registrant and in the capacities
indicated as of April 28, 2001. 
          
        
        Signature   
            
            
                
            
            Title
/s/ Dean A. Suposs
           
            
            
            
            Chairman of the Board; and President
     Dean A. Suposs
    (Principal Executive Officer)
/s/ Jamie M. Burgat
           
            
            
            
            Vice President of Operations; Treasurer;
     Jamie M. Burgat           
            
            
            
      
            
            and
Assistant Secretary
    (Principal Financial and Accounting Officer)
/s/ Stephen C. Fienhold
          
          
            
            
            Director
     Stephen C. Fienhold
/s/ Stephen D. Joyce
           
            
            
            
            
Secretary; and Director
     Stephen D. Joyce