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

                                 FORM 10-KSB/A-1
 (Mark One)

/X/  Annual report under section 13 or 15(d) of the  Securities  Exchange Act of
     1934 for the fiscal year ended December 31, 2001.
/ /  Securities   Exchange   Act  of  1934  for  the   transition   period  from
     ___________________ to ________________________.

Commission file number 0-27489

                                 DuraVest, Inc.
                 (Name of Small Business Issuer in Its Charter)


            Florida                                         59-2624574
-------------------------------                  -------------------------------
(State or Other Jurisdiction of                  (I.R.S. Employer Identification
  Incorporation or Organization)                             Number)

1543 Bayview Avenue, Suite 409, Toronto, Ontario, Canada                M4G3B5
      (Address of Principal Executive Offices)                        (Zip Code)

                                 (416) 271-5285
                            Issuer's Telephone Number

Securities to be registered pursuant to Section 12(b) of the Act:
         (Title of class)                   Name of exchange on which registered
             None

Securities to be registered under Section 12(g) of the Act:
                     $.001 Per Share Par Value Common Stock

Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities 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 is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

The revenue for its most fiscal year was $-0-.

The aggregate market value of the Issuer's common stock held by non-affiliates
as of November 2, 2001 (valued at the average of the bid and asked prices as of
that date) was $2,402,697.

The Issuer has never been involved in bankruptcy proceedings.

The number of shares  outstanding  of the Issuer's  common stock as of March 18,
2002 was 36,766,640.

Documents incorporated by reference. There are no: (1) annual report to security
holders; (2) proxy or information statements; or (3) any prospectus filed
pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act")
incorporated by reference herein.

                     Traditional Small Business Disclosures
                               Format (Check one):
                                 Yes  X  No
                                     ---   ---

<PAGE>


                                     PART I

The Issuer,  DuraVest,  Inc., a Florida corporation,  is electing to furnish the
information required by Items 6-12 of Model B of Form 1-A under Alternative 2 of
Form 10-SB.

Item 1A.  Company Risk Factors.
--------  --------------------

     The Issuer and its  outstanding  securities are subject to risks  including
those set out in this Item 1A.

     WE HAVE NO INCOME  PRODUCING  OPERATIONS OR ASSETS WHICH CAUSE A CONTINUING
DEPLETION OF OUR ASSETS.  The Issuer  presently has no material income producing
operations  or assets.  Unless the Issuer is  successful in its efforts to enter
into a business  combination or  acquisition of assets  resulting in operational
income, the Issuer's assets will be depleted.

     WE HAVE  NOT  PRESENT  ARRANGEMENTS  FOR A  BUSINESS  COMBINATION  OR ASSET
ACQUISITION. The Issuer has no present arrangements for, or ongoing negotiations
with respect to any business combination or asset acquisition. Unless the Issuer
can enter into such an arrangement it will have to acquire additional capital or
cease operations.

     THE COST OF MAINTAINING  THE  REGISTRATION OF OUR STOCK UNDER SECTION 12(G)
OF THE SECURITIES  EXCHANGE ACT WILL CONTINUE OUR OVERHEAD AND ASSET  DEPLETION.
The  cost  of  complying  with  the  reporting   requirements  created  by  this
registration  of  our  common  stock  will  materially   increase  the  Issuer's
administrative overhead and accelerate the depletion of its assets.

     WE HAVE NO PRESENT ARRANGEMENTS TO ACQUIRE ANY ADDITIONAL CAPITAL NEEDED TO
CONTINUE OUR  EXISTENCE.  The Issuer has no present  arrangement  under which it
might acquire any additional capital needed to continue its existence.  There is
no assurance that it will be able to develop any such capital source.

     WE HAVE NO ASSURANCE THAT ANY BUSINESS  COMBINATION OR ASSET ACQUISITION WE
MIGHT  MAKE  WILL  BE  SUCCESSFUL.  There  is no  assurance  that  any  business
combination  or asset  acquisition  entered  into by the Issuer  will  result in
successful income producing operations.

Item 1.   Description of the Business
-------   ---------------------------
(Item 6 of Model B of Form 1A)

     The Issuer was  organized  in 1980 as a Florida  corporation  named  Ronnie
Interior Designs,  Inc. (which was changed to Ronnie Systems,  Inc. on 1997). It
was formed to engage in the interior design business.  These business operations
became dormant in 1995.

     In March of 1998, the Issuer was reorganized. Its Articles of Incorporation
were  amended  to:  (i)  change  its  name  to  Great  Wall  Food  and  Beverage
Corporation;  (ii) change its authorized capital to its present  structure;  and
(iii) reverse  split its then  outstanding  100,000  shares of Common Stock into
10,000  shares  (one new  share  for  each ten old  shares).  Ms.  Patti  Cooke,
President  and a  director  of the  Issuer,  became  its then sole  officer  and
director.

     As part of the reorganization,  the Issuer's Board of Directors  authorized
the Issuer to acquire all of the outstanding 1,700,000 shares of Food & Beverage
Masters  (China),  Inc., an  unaffiliated  Delaware  corporation in exchange for
1,700,000  shares of the Issuer's Common Stock. It was represented to the Issuer
that the Delaware  company owned 80% of a joint venture with the Changzhou Dairy
Company. This Chinese company owned and operated a dairy processing plant. These
facilities  were located in  Changzhou,  China in the Yangtze River Delta in the
Jiangsu  Province of China.  The Chinese Joint Venture was to produce and market
bagged milk, yogurt, ice cream and related dairy products in the Changzhou area.
In addition,  the proposed  Delaware  subsidiary  was exploring the formation of
another  venture  with a different  Chinese  partner.  The purpose of the second
proposed venture was to bottle and market low and non-alcoholic drinks.


<PAGE>


     The  Issuer was also  authorized  to issue a total of  6,760,000  shares of
Common  Stock  to six  other  companies  and  individuals  who  were to  furnish
assignments  of  intangible   assets  and  services  to  the  proposed   Chinese
operations.

     The Issuer then made a cash  offering of shares of its Common Stock at $.15
per share to raise capital for the pending Chinese operations.  The offering was
made from March  through  August of 1998. A total of 2,666,664  shares were sold
for  $399,999.60  in gross  proceeds.  The  offering  was made  pursuant  to the
exemption from the registration  requirements of Section 5 of the Securities Act
of 1933 provided in Rule 504 of Regulation D adopted under that Act.

     Following  the  offering  the  Issuer  proceeded  to  pursue  the  proposed
transaction.  However,  during these efforts the Issuer learned that the Chinese
project, its assets and operations were not as represented.  In October of 1998,
the Issuer terminated the proposed venture. None of the stock authorized for the
Chinese project was issued.

     The Issuer spent approximately  $315,000.00 on the Chinese project prior to
its  termination.  Included in these  costs were  $100,000.00  deposited  on the
purchase of milk  processing  and  bottling  equipment  which  purchase  was not
completed.  The Issuer  believes  that it is  entitled to a refund of all of the
deposit. The Issuer and the equipment manufacturer agreed on April 14, 2000 that
the  deposit  would  be  refunded  to the  Issuer  in  five  equal  installments
commencing  in March 2000.  The Issuer  received two payments of $20,000 each on
the settlement agreement on which the manufacturer is now in default. The Issuer
is in the process of pursuing collection proceedings on the balance of $60,000.

     In August of 1999,  Hatchment  Holdings,  Ltd.,  a company  wholly owned by
Bradley R. Wilson,  an officer and director of the Issuer,  purchased  1,000,000
shares of the Issuer's then Common Stock for cash at $.052 per share for a total
of $52,000.

     On November 9, 2001 the Issuer  amended its  Articles of  Incorporation  to
change  its name to  DuraVest,  Inc.  and to  complete  a  forward  split of its
outstanding  Common  Stock in the basis of ten  shares of the new stock for each
then outstanding  share.  This resulted in an increase of its total  outstanding
shares of Common Stock from 3,676,640 shares to 36,766,640 shares.

     The Issuer's  present  business plan is to continue the registration of its
Common  Stock  under  Section  12(g)  of the  Securities  Exchange  Act of  1934
("Exchange  Act") and to find a new business  opportunity.  The Issuer will seek
and attempt to enter into a business  combination  or  acquisition  of assets by
which it will become engaged in an active business venture. It is likely that if
such a transaction is made it will involve  control of the Issuer being acquired
by the other party to the transaction.

     These are no present arrangements for, or ongoing negotiations with respect
to,  such a  business  combination  with the  Issuer.  The Issuer has no present
knowledge of any specific candidate for a business combination.  It will have to
raise  additional  capital  funds to finance its  operations  during the next 12
months.  It intends to seek to acquire such funds through a private placement of
securities.  However,  there is no assurance funds will become available.  It is
not presently  possible to predict if any business  combination  entered into by
the Issuer during that period will require the raising of additional capital.

     During 2000 and 2001,  the Issuer's  President and Vice  President were its
only paid employees.  They received  compensation in 2000 of $10,000 and $21,000
respectively.  In 2001,  they were  paid fees  and/or  reimbursed  for  expenses
incurred in the  performance of their duties in the amounts of $4,500 and $8,616
respectively. It is anticipated that in 2002, they will receive compensation and
be reimbursed for expenses incurred. The rate of compensation will be determined
by the  Board of  Directors  in  light of the  Issuer's  cash  position  and the
services  performed.  Through  2002 or until the Issuer  enters  into a business
combination,  it is anticipated that they will be the only paid employees of the
Issuer.  During that period its directors  will serve without  compensation  for
their  services as such. It is not now possible to estimate  what  employees the
Issuer may have if it enters into a business combination during the year 2002


                                      2
<PAGE>


Item 2.  Description of Property
------   -----------------------
(Item 7 of Model B of Form 1A)

     The  Issuer  has no  materially  important  physical  properties.  Its only
material assets are its cash or cash equivalents (which were $40,545 at December
31, 2001) and its claim for a refund of $60,000 for an equipment  deposit  which
has been  written off the  Balance  Sheet.  See Item 1. above and the  Financial
Statements herein.

     The Issuer's  present  operations are conducted at the residence  office of
its President and through the use of a mail drop at 1543 Bayview  Avenue,  Suite
409, Toronto,  Ontario, Canada M4G3B5. The Issuer's President has not previously
and will not in the future charge the Issuer for its use of these facilities.


Item 3.  Directors, Executive Officers and Significant Employees.
------   -------------------------------------------------------
(Item 8 of Model B of Form 1A)

     The  following  table sets forth  information  regarding  the directors and
executive officers of the Company.

                                                                       Beginning
Name                      Age                Positions                  of Term
----                      ---                ---------                 ---------

Patti Cooke               46            President and Director           3/98

Bradley R. Wilson         43            Vice President, Secretary,       8/99
                                        And Director

     There  are no  family  relationships  among  any of  the  directors  and/or
executive  officers  of the  Issuer.  The Issuer  does not have any  significant
employee who is not also an executive officer.

     Patti Cooke has served as the  President and a director of the Issuer since
March of 1998.  From January of 1993 until  February of 1996,  Ms. Cooke was the
owner and  President of  Wellington  Cooke  Gallery,  an art gallery in Toronto,
Ontario.  Since  February  of 1996 she has been  employed as the  Secretary  and
Administration  Manager for  Hatchment  Holdings,  Ltd.,  a  financial  services
company in Toronto,  Canada and principal shareholder of the Issuer. Since March
of 1995 she has served as a director of Sagewood  Resources LTD, a Toronto based
public company in the oil and gas business.

     Bradley R. Wilson became an officer and director of the Issuer in August of
1999. Since 1990, he has been the President, a director and the sole shareholder
of Hatchment Holdings,  Inc., a Toronto based financial services company. He has
served as the  president and a director of Sagewood  Resources,  Ltd., a Toronto
based public  company in the oil and gas  business,  since March of 1995. He has
been a director of Empire  Alliance  Properties,  Inc.,  a Toronto  based public
company in the real estate  business,  since  February,  1998. From September of
1986 to January of 1990,  Mr.  Wilson was  employed as a real estate  broker for
William Allan Real Estate Company.  Limited in Toronto,  Ontario. His work there
was  concentrated  in the  commercial  real estate area.  From 1982 to 1986, Mr.
Wilson worked as a registered stockbroker with E.A. Manning, Limited in Toronto,
Ontario. Upon leaving his position at E.A. Manning,  Limited, Mr. Wilson allowed
his securities license to lapse to enable him to become a registered real estate
representative with Empire Alliance Properties,  Inc. Since January of 1998, Mr.
Wilson  has  served  as  president  and a  director  of  Inet  Commerce  Conduit
Corporation,  a Florida  corporation engaged in the business of providing advice
and sales and  promotional  services to  retailers of cosmetic  products.  Since
March of 1999,  he has served as a director of Noble  Brands,  Inc., an inactive
Florida corporation formerly engaged in the cigar manufacturing and distribution
business.

     It is anticipated  that the present officers and directors will continue to
serve until the Issuer finds a new business opportunity. It is assumed that upon
completion  of any  such  transaction,  persons  associated  with  the  acquired
business or assets would become the Issuer's officers and directors.


                                       3
<PAGE>


Item 4.  Remuneration of Directors and Officers.
------   --------------------------------------
(Item 9 of Model B to Form 1A)

     Information  with  respect  to the  only  remuneration  paid  to any of the
officers and directors of the Issuer during 2001 is as follows:

     2001      Patti Cooke               Fees & Expenses        $ 4,500.00

     2001      Bradley R. Wilson         Fees & Expenses        $ 8,616.00
                                                                ----------

                   Total                                        $13,116.00


     During 2001,  the Issuer's  President and Vice President were its only paid
employees. They will be compensated for time spent on the business of the Issuer
at a mutually  agreeable  rate.  Through 2002 or until the Issuer  enters into a
business  combination,  it is  anticipated  that  they  will  be the  only  paid
employees of the Issuer.  During that period its  directors  will serve  without
compensation  for their  services as such.  They will be reimbursed for expenses
incurred in the performance of their duties.  It is not now possible to estimate
what  employees  the  Issuer may have if it enters  into a business  combination
during the year 2002.


Item 5   Security Ownership of Management and Certain Securityholders.
---------------------------------------------------------------------
(Item 10 to Model B of Form 1A)

     The following table sets forth information as of March 6, 2002 with respect
to the  ownership  of the  Issuer's  Common  Stock by each of its  officers  and
directors, its officers and directors as a group and any shareholder owning more
than 10% of the Issuer's Common Stock:

 Title             Name and Address           Number of             Percent
of Class              of Owner               Shares Owned           of Class
--------           ----------------          ------------           --------

Common Stock    Patti Cooke                       7,000               .2%
                715 Millwood Road, #301
                Toronto, Ontario M4G1V7
                Canada

Common Stock    Bradley R. Wilson (1)         1,000,000(1)          27.0%(1)
                615 Merton street
                Toronto, Ontario
                Canada M4S1B4

--------------
(1)  These shares are held of record by  Hatchment  Holdings,  Inc.,  an Ontario
     corporation wholly owned by Mr. Wilson.


                                       4
<PAGE>


     There are no shares of the Issuer's  Preferred Stock  outstanding and there
are no outstanding  options warrants or other rights to acquire shares of either
its Common or Preferred Stock.

Item 6.  Interest of Management and Others in Certain Transactions.
------   ---------------------------------------------------------
(Item 11 to Model B of Form 1A)

     In August of 1999,  Hatchment  Holdings,  Inc.,  a company  wholly owned by
Bradley R. Wilson, an officer and director of the Issuer,  purchased  10,000,000
shares of the Issuer's  Common Stock for cash at $.0052 per share for a total of
$52,000 (these  numbers are adjusted to reflect the November 9, 2001  10-for-one
forward  stock-split).  The shares were acquired by the purchaser for investment
and not with a view to distribution. They were issued as "restricted securities"
as defined under the Securities Act of 1933, as amended ("Securities Act"). They
were issued in reliance upon the exemption from the registration requirements of
Section 5 of the Securities Act provided in Section 4(2) of that statute.

     In 1998, the Issuer became  obligated for an advisory and consulting fee of
$40,000.00 to Hatchment  Holdings,  Inc. This fee was paid for services rendered
in connection with the reorganization of the Issuer and the proposed transaction
with the Chinese  venture.  (see Item 1 above).  At the time the  services  were
rendered, Mr. Wilson, the owner of Hatchment Holdings, Inc., was not an officer,
director or principal  shareholder of the Issuer.  The Issuer paid $20,000.00 of
the fee in 1998 and $20,000.00 in 1999.







                                       5
<PAGE>


                                     PART II



Item 1.  Market Price of and Dividends on the Registrant's Common Equity and
         Other Related Shareholder Matters.
         -----------------------------------------------------------------------

     The Issuer's  Common  Stock was quoted on the OTC Bulletin  Board under the
symbol GWFB from March of 1998 through September 30, 1999 and from September 15,
2000  through the present.  To the  knowledge of the Issuer there have been very
few trading transactions in its Common Stock

     The following  table sets forth high and low bid prices of the Common Stock
on the OTC Bulletin Board for the periods  indicated.  The bid prices  represent
prices  between  dealers,  which do not indicate  retail  markups,  markdowns or
commissions and the bid prices may not represent actual transactions:

    Quarter Ending:                      High                      Low
    --------------                       ----                      ---

    January - March, 2000                ---                       ---
    April - June, 2000                   ---                       ---
    July - September, 2000               .50                       .25
    October - December, 2000             .25                       .25
    January - March, 2001                .10                       .07
    April - June, 2001                   .06                       .02
    July - September, 2001               .80                       .11
    October - December, 2001            2.00                      2.78

     The number of record holders of Common Stock of the Issuer at March 6, 2002
was 46.  Additional  owners of the Common stock hold their shares at street name
with various  brokerage and depository firms (there are five such firms included
in the list of record owners).

     The holders of Common  Stock are  entitled to receive  dividends  as may be
declared by the Board of Directors  out of funds  legally  available;  and after
payment of adequate provisions for payment of any preferential  dividends due on
any then  outstanding  Preferred  Stock.  The Issuer had never had any  material
earnings  and does  not  presently  have any  capability  to  generate  any such
earnings.  The Issuer has never  declared any dividend.  It does not  anticipate
declaring and paying any cash dividend in the foreseeable future.


Item 2.  Legal Proceedings.
------   -----------------

     Neither  the  Issuer nor any of its  property  is a party or subject to any
pending  legal  proceeding.  The  Issuer  is not  aware of any  contemplated  or
threatened  legal proceeding  against it by any governmental  authority or other
party.

     As set forth in Item 1 of Part 1 above,  the  Issuer is in the  process  of
attempting  to recover the $60,000  balance of a $100,000 cash deposit which was
placed on a proposed purchase of equipment which was terminated.  The Issuer and
the deposit holder reached a settlement  agreement on April 14, 2000 under which
the holder agreed to repay the deposit in five monthly  installments  of $20,000
each. The Issuer has received two payments of $20,000 under the agreement  which
is  now  in  default.  The  Issuer  is in  the  process  of  pursing  collection
proceedings to recover the $60,000 balance of the deposit.

Item 3.  Changes in and Disagreements with Accountants.
------   ---------------------------------------------

     No principal independent accountant of the Issuer or any subsidiary thereof
has ever resigned, been dismissed or declined to stand for re-election.


                                       6
<PAGE>


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

     No matters were submitted  during the calendar  quarter ending December 31,
2001 to a vote of  securities  holders  through the  solicitation  of proxies or
otherwise.


Item 5.  Compliance with Section 16(a) of the Exchange Act.
-------  --------------------------------------------------

     There were no reports  required to be filed by the  officers,  directors or
shareholders of the Issuer under Section 169a) of the Securities Exchange Act of
1934 during 2000.


Item 6.  Reports on Form 8-K.
------   --------------------

     The  Issuer  was not  required  to file  any  reports  on Form  8-K for the
calendar quarter ended December 31, 2001.



                                    PART III

1.       Index to Exhibits

         Exhibit
           No.      Description of Exhibits
         -------    -----------------------

         2(a)       Issuer's  Amended and Restated  Articles of  Incorporation-
                    Exhibit 2(a) to the Issuer's Registration  Statement on Form
                    10-SB is hereby incorporated herein by this reference.


         2(b)       Issuer's Bylaws - Exhibit 2(a) to the Issuer's  Registration
                    Statement  on Form  10-SB is hereby  incorporated  herein by
                    this reference.

         12(a)      Form of  Subscription  Agreement  for  Rule 504  Offering -
                    Exhibit 2(a) to the Issuer's Registration  Statement on Form
                    10-SB is hereby incorporated herein by this reference.


         12(b)      Form of  Subscriber  Questionnaire  for Rule 504  Offering -
                    Exhibit 2(a) to the Issuer's Registration  Statement on Form
                    10-SB is hereby incorporated herein by this reference.


         12(c)      Investment  Letter  for  Sale  of  Restricted  Securities  -
                    Exhibit 2(a) to the Issuer's Registration  Statement on Form
                    10-SB is hereby incorporated herein by this reference.



                                       7
<PAGE>


                                   Signatures

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

                                  DURAVEST, INC.

Dated:  March 25, 2002            By: /s/ Patti Cooke
                                      ---------------
                                      Patti Cooke, President and Principal
                                      Executive, Accounting Officer and Director

Dated:  March 25, 2002            By: /s/ Bradley R. Wilson
                                      ---------------------
                                      Bradley R. Wilson, Vice President and
                                      Principal Financial Officer and Director



     Supplemental information to be furnished With Reports Filed Pursuant to
           Section 15(d) Of the Exchange Act by Non-reporting Issuers


     No annual report,  proxy  statement,  proxy form or other proxy  soliciting
material  was sent to the  Issuer's  securities  holders  for or during the year
2000;  nor is any such  material to be sent to them  subsequent to the filing of
this Form 10-KSB.





                                       8
<PAGE>


                                    PART F/S


                                 Duravest, Inc.
               (formerly Great Wall Food and Beverage Corporation)



                                      Index
                                      -----


                                                                            Page
                                                                             No.
                                                                            ----

INDEPENDENT AUDITORS' REPORT                                                F-2

BALANCE SHEETS                                                              F-3

STATEMENTS OF OPERATIONS                                                    F-4

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY                                F-5

STATEMENTS OF CASH FLOWS                                                    F-6

NOTES TO THE FINANCIAL STATEMENTS                                           F-7




                                      F-1
<PAGE>




                             BARRY I. HECHTMAN, P.A.
                           Certified Public Accountant

                                    Member of
                     Florida and American Institute of CPAs
                  Private Comapnies and Sec Practice Sections


8100 SW 81 Drive                                       Telephone: (305) 270-0014
Suite 210                                                    Fax: (305) 598-3695
Miami Florida, 33143-6603                            email: barrycpa@netzero.net



                       INDEPENDENT AUDITOR'S REPORT

To the Board of Directors and Stockholders
of Duravest, Inc. (formerly Great Wall Food and Beverage Corporation)

We have audited the balance sheet of Duravest,  Inc.  (formerly  Great Wall Food
and Beverage  Corporation)  (a Florida  corporation) as of December 31, 2001 and
2000, and the related statements of operations,  stockholders'  equity, and cash
flows  for  the  years  then  ended.   These   financial   statements   are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

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

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the financial position of Duravest,  Inc. (formerly Great
Wall Food and  Beverage  Corporation)  of December  31,  2001 and 2000,  and the
results  of its  operations  and its cash  flows  for the  years  then  ended 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 4 to the
financial statements, the Company is a development stage company with no current
source of revenue. These conditions raise substantial doubt about its ability to
continue as a going concern. Management's plans regarding those matters are also
described in Note 4. The  financial  statements  do not include any  adjustments
that might result from the outcome of this uncertainty.


/s/ Barry I Hechtman

Barry I Hechtman, P.A.
Miami, FL

March 8, 2002




                                      F-2
<PAGE>


                                 Duravest, Inc.
               (formerly Great Wall Food and Beverage Corporation)
                                 Balance Sheets
                          (A Development Stage Company)
                                  December 31,

                                                        2001             2000

                                     ASSETS


  Cash                                                $ 40,545         $ 98,571
                                                      --------         --------
TOTAL ASSETS                                          $ 40,545         $ 98,571
                                                     =========         ========


                                 LIABILITIES AND
                              STOCKHOLDERS' EQUITY


LIABILITIES:
  Accounts Payable - Trade                            $  6,766         $    800
                                                      --------         --------
      TOTAL LIABILITIES                                  6,766              800


STOCKHOLDERS' EQUITY
  Preferred Stock, $.0001 par
    value; authorized 20,000,000 shares
    no issued and outstanding shares
  Common Stock, $.0001 par value; authorized
    80,000,000 shares, issued and
    outstanding 36,766,640 and 3,676,664
    shares at December 31, 2001 and 2000                 3,680              368
  Additional Paid-in Capital                           448,820          452,132
  Deficit accumulated
    during development stage                          (418,721)        (354,729)
                                                      --------         --------
      TOTAL STOCKHOLDERS' EQUITY                        33,779           97,771
                                                      --------         --------

TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY                                $ 40,545         $ 98,571
                                                      ========         ========
















                  See accompanying notes & accountants' report




                                      F-3
<PAGE>

                                 Duravest, Inc.
               (formerly Great Wall Food and Beverage Corporation)
                          (A Development Stage Company)
                            Statements of Operations
                            Years Ended December 31,

                                                                        Since
                                     2001              2000           Inception

TOTAL REVENUES                    $       0         $       0         $       0


EXPENSES

  DEVELOPMENT STAGE EXPENSES         63,751           120,866           418,061

  REMEASUREMENT LOSS                    241               186               660
                                  ---------         ---------      ------------

NET LOSS                            (63,992)         (121,052)         (418,721)
                                  =========         =========      ============

NET LOSS PER SHARE                    ($.60)            ($.01)
                                  =========         =========

WEIGHTED AVVERAGE COMMON
     SHARES OUTSTANDING           6,558,867         6,517,200
                                  =========         =========


































                    See accompanying notes & accountants' report



                                      F-4
<PAGE>
<TABLE>
<CAPTION>


                                                    Duravest, Inc.
                                  (formerly Great Wall Food and Beverage Corporation)
                                             (a Development Stage Company)
                                     Statements of Changes in Stockholders' Equity



                                                                                                        Deficit
                                         Preferred Stock           Common Stock                        Accumulated
                                         Par Value $.001          Par Value $.001         Additional   During the       Total
                                    ------------------------  -------------------------    Paid-In     Development   Stockholders'
                                     Shares          Amount    Shares           Amount     Capital        Stage         Equity
                                    --------       ---------  --------       ----------  -----------  -------------  -------------
<S>                                 <C>            <C>       <C>               <C>        <C>           <C>            <C>

Issuance of common stock at
  inception (August 5, 1980)                                        100        $  500                                  $     500

Net Loss 1994                                                                                                 (500)         (500)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 1994                                        100           500              -          (500)            -

1995 no activity

1996 common stock changed per
  share value from $5.00 to $.001                                                (500)           500                           -

1996 common stock forward split
  1,000 to 1                                                     99,900           100           (100)                          -

Net Loss 1996                                                                                                 (550)         (550)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 1996                                    100,000           100            400        (1,050)         (550)
Net Loss 1997                                                                                                 (750)         (750)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 1996                                    100,000           100            400        (1,800)       (1,300)

1998 common stock revese split
  from 10 shares of $.001 to
  1 share of $.0001                                             (90,000)          (99)            99                           -

1998 common stock issued in
  connection with 504 offering                                2,666,664           267        399,733                     400,000

Net Loss 1998                                                                                             (182,983)     (182,983)
                                       ------------------------------------------------------------------------------------------
Balance at January 1, 1999                                    2,676,664            268       400,232      (184,783)      215,717

1998 restricted common stock
  issued in exempt transaction                                1,000,000            100        51,900                      52,000
Net Loss 1999                                                                                              (48,894)      (48,894)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 1999                                  3,676,664            368       452,132      (233,677)      218,823

Net Loss 2000                                                                                             (121,052)     (121,052)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 2000                                  3,676,664            368       452,132      (354,729)       97,771

2001 common stock forward split
  10 to 1                                                    33,089,976          3,312        (3,312)                          -

Net Loss 2001                                                                                              (63,992)      (63,992)
                                       ------------------------------------------------------------------------------------------
Balance at December 31, 2001                                 36,766,640         $3,680      $448,820     $(418,721)    $  33,779
                                       ------------------------------------------------------------------------------------------


</TABLE>
                                  See accompanying notes and accountants' report

                                                          F-5


<PAGE>

<TABLE>
<CAPTION>

                                           Duravest, Inc.
                         (formerly Great Wall Food and Beverage Corporation)
                                 Condensed Statements of Cash Flows
                                    (A Development Stage Company)

                                                               ----------------------------      -----------
                                                                                                    Since
                                                                    For the years ended           Inception
                                                               ----------------------------      -----------
                                                               12/31/2001        12/31/2000
                                                               ----------        ----------
<S>                                                             <C>              <C>              <C>
Cash flows from operating activities:
  Net Loss                                                      $(63,992)        $(121,052)       $(418,721)
  Adjustments to reconcile net loss
    to net cash provided by operating activities:
    Allowance for Bad Debts                                                         60,000
    Accounts Payable                                               5,966               800            6,766
    Notes receivable                                                                40,000
                                                                --------         ---------        ---------
  Net cash utilized by operating activities                      (58,026)          (20,252)        (411,955)

Cash flows from investing activities:
  Net cash utilized by investing activities                            0                 0                0

Cash flows from financing activities:
    Net borrowings from (repayments to) shareholders                                (2,093)               0
    Proceeds from issuance of common stock                             0                 0          452,500
                                                                --------         ---------        ---------
  Net cash provided(used) by
    financing activities                                               0            (2,093)         452,500
                                                                --------         ---------        ---------
Net Decrease in Cash                                             (58,026)          (22,345)          40,545

Cash & Cash Equivalents balance at January 1,                     98,571           120,916                0
                                                                --------         ---------        ---------
Cash & Cash Equivalents balance at December 31,                 $ 40,545         $  98,571        $  40,545
                                                                ========         =========        =========



</TABLE>

                             See accompanying notes and accountants' report




                                                    F-6


<PAGE>



Duravest, Inc.
(formerly Great Wall Food and Beverage Corporation)
(A Development Stage Company)
Notes to the Financial Statements


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant  accounting policies of Duravest,  Inc. is presented
to assist in understanding  the Company's  financial  statements.  The financial
statements and notes are  representations  of the Company's  management,  who is
responsible  for their  integrity and  objectivity.  These  accounting  policies
conform to generally accepted  accounting  principles and have been consistently
applied in the preparation of the financial statements

Business and Organization
-------------------------

Duravest,  Inc.  (formerly  Great  Wall  Food  and  Beverage  Corporation)  (the
"Company"),  a  development  stage  company,  was  incorporated  in the State of
Florida on August 1, 1980 as Ronnie  Interior  Designs,  Inc. for the purpose of
acquiring or merging with an existing operating company.

On October 14, 1997,  Ronnie Interior  Designs,  Inc. changed its name to Ronnie
Systems, Inc.

On  March  13,  1998,   the  Company   amended  and  restated  its  articles  of
incorporation and changed its name to Great Wall Food and Beverage Corporation.

On  November  9,  2001,  the  Company  amended  and  restated  its  articles  of
incorporation and changed its name to Duravest, Inc.

Development Stage
-----------------

The Company has operated as a development  stage  enterprise since its inception
by devoting  substantially  all its efforts to the  ongoing  development  of the
Company.

Accounting Method
-----------------

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a calendar year end of December 31.

Loss per Share
--------------

The  computation  of loss per share of common  stock is based upon the  weighted
average common shares outstanding during each period.

Development Stage
-----------------

The Company has operated as a development  stage  enterprise since its inception
by devoting  substantially all of its efforts to the ongoing  development of the
Company.

Foreign Currency Translation
----------------------------

During 1999 the Company opened a bank account  denominated in a foreign currency
which  is used  to pay for  some  operational  expenses.  The  bank  account  is
translated  using rates of exchange at December 31, 2001 and 2000;  expenses are
translated at weighted  average  exchange  rates in effect during the year.  The
cumulative  effect  resulting from such translation is recorded as remeasurement
loss in the financial statements.


                                      F-7
<PAGE>


Cash and Cash Equivalents
-------------------------

The Company considers cash and all highly liquid  investments  purchased with an
original  maturity of less than three  months at the date of purchase to be cash
equivalents.

Fair Value of Financial Instruments
-----------------------------------

Carrying  amounts of certain of the Company's  financial  instruments  including
cash and cash equivalents,  accounts receivable,  notes receivable,  and accrued
liabilities approximate fair value because of their short maturities.

Use of Estimates
----------------

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect the reported  amounts of assets and  liabilities  and the  disclosure  of
contingent  assets and  liabilities at the date of the financial  statements and
the reported  amounts of expenses  during the reporting  period.  Actual results
could differ from these estimates.

Income Taxes
------------

The Company  accounts for income taxes using the asset and  liability  method as
required by Statement of Financial Accounting Standards No. 109. Deferred income
taxes are provided on temporary differences between book and tax income, arising
primarily from the use of differing methods of recognition of start-up costs. An
allowance  is provided  if it is more likely than not that the Company  will not
realize the benefits of a deferred tax asset.

NOTE 2 - STOCKHOLDER'S EQUITY

The Company had the following classes of capital stock:

Series A Preferred  Stock,  $0.0001  par value;  authorized  20,000,000  shares;
issued and outstanding -0- shares.

Common stock,  $0.0001 par value,  80,000,000 shares authorized,  36,766,640 and
3,676,664   shares  issued  and  outstanding  at  December  31,  2001  and  2000
respectively.

NOTE 3 - STOCK TRANSACTIONS

Stock Split
-----------

On November 9, 2001,  the Company  authorized a forward stock split at the ratio
of 10 shares  for every one share  owned.  There was no change in the  Company's
authorized capitalization.

NOTE 4 - GOING CONCERN

The Company's  financial  statements are prepared  using the generally  accepted
accounting  principles  applicable to a going concern,  which  contemplates  the
realization  of assets and  liquidation  of  liabilities in the normal course of
business.  However,  the  Company  has no  current  source of  revenue.  Without
realization  of  additional  capital,  it would be  unlikely  for the Company to
continue as a going concern.  It is  management's  intention to seek  additional
capital through a merger with an existing operating company and raising capital.



                                      F-8
<PAGE>


NOTE 5 - INCOME TAXES

For  financial  reporting  purposes,  a valuation  allowance of $79,081 has been
recognized to offset the net deferred tax assets related to these  carryforwards
and other deferred tax assets since  realization of any portion of the Company's
deferred tax asset is not  considered  to be more likely than not. The change in
the  valuation  allowance  for the years  ended  December  31, 2001 and 2000 was
$79,081 and $12,210 respectively.

Deferred income taxes reflect the net effects of temporary  differences  between
the carrying amounts of assets and liabilities for financial  reporting purposes
and the amounts  used for income tax  purposes.  Significant  components  of the
Company's deferred tax liabilities and assets are as follows:

                                            2001         2000

     Deferred tax assets:
      Net operating loss carryforwards   $ 79,081     $ 56,910
                                         --------     --------
      Total deferred tax assets            79,081       56,910
      Valuation allowance for
        deferred tax assets               (79,081)    ( 56,910)
                                         --------     --------
                                                0            0
                                         ========     ========


The Company has incurred net operating losses since  inception.  At December 31,
2001 and 2000 the Company had  approximately  $395,407 and $284,549 in operating
loss carryforwards that expire in various amounts from 2015 through 2021.

NOTE 6 - RELATED PARTY TRANSACTIONS

The Company neither owns or leases any real property.  Fees totaling $13,116 and
$11,200  have been paid to  shareholders  and  companies  owned by  shareholders
during the years  ended  December  31,  2001 and 2000 for  administrative  fees,
consulting  services rendered and,  expenses paid on behalf of the Company.  The
officers and directors of the Company are involved in other business  activities
and may, in the future, become involved in other business opportunities.




                                      F-9