UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                            ------------------------

                                  FORM 10-KSB

(Mark One)

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

     For the fiscal year ended December 31, 2002

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

     For the transition period from ___________ to ___________


                         Commission file number:  0-25891

                        TREZAC INTERNATIONAL CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

              TEXAS                                 76-0270330
       ------------------------               ----------------------
       (State of Incorporation)               (IRS Employer I.D. No.)

                20500 Meeting Street, Boca Raton, Florida  33434
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)

   Registrant's telephone number, including area code:  (561) 558-9599
                                                        --------------

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

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

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

                          Common Stock, par value $0.0001
                          -------------------------------
                                (Title of class)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period as 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  [  ]

     Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of the 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]

     Issuer had no revenues for its most recent fiscal year.

     The aggregate market value of the voting and non-voting common equity (the
only such common equity being Common Stock, $0.0001 par value) held by
non-affiliates of the registrant (computed by reference to the closing sale
price of the Common Stock on March 14, 2003) is $80,073.

     The number of shares outstanding of the registrant's Common Stock, $0.0001
par value is 5,025,233 as of December 31, 2002.

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

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

                                        1
<PAGE>



                                    CONTENTS

<TABLE>
<CAPTION>

CONTENTS

                                                                         PAGE
<S>                                                                      <C>
PART I

    Item 1.  Description of Business..................................... 3
    Item 2.  Description of Property.....................................14
    Item 3.  Legal Proceedings...........................................14
    Item 4.  Submission of Matters to a Vote of Security Holders.........15

PART II

    Item 5.  Market for Common Equity and Related Stockholder Matters....15
    Item 6.  Management's Discussion and Analysis or Plan of Operation...23
    Item 7.  Financial Statements........................................29
    Item 8.  Changes in and Disagreements with Accountants on
                Accounting and Financial Disclosure......................30

PART III

    Item 9.  Directors, Executive Officers, Promoters and Control
                Persons; Compliance with Section 16(a) of the
                Exchange Act.............................................31
    Item 10. Executive Compensation......................................33
    Item 11. Security Ownership of Certain Beneficial Owners and
                Management...............................................35
    Item 12. Certain Relationships and Related Transactions..............36
    Item 13. Exhibits and Reports on Form 8-K............................38
    Item 14  Control and Procedures......................................41

SIGNATURES   ............................................................42

</TABLE>

                DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

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

                                        2
<PAGE>


                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS

In this report, references to the "Company", "we", "us" and "our" refer to
Trezac International Corporation, a Texas corporation.

COMPANY OVERVIEW

Trezac International Corporation was originally incorporated under the name
Great American Leasing, Inc. in Texas on March 21, 1997.  On December 28, 1988
we amended our certificate of incorporation to change our name to All American
Consultant Aircraft, Inc. and on March 1, 1999, we amended our certificate of
incorporation to change our name to MarketCentral.net Corp, and on July 25, 2002
we amended our certificate of incorporation to change our name to Trezac
International Corporation.  Our primary business is directed to achieve a
high rate of capital growth for our shareholders by acquiring significant
holdings in companies which the members of its Board of Directors consider to
be fundamentally sound, well managed and profitable, but which are valued at a
discount to the Directors' estimate of their intrinsic market valuation.  The
Company has moved its business focus this past year from marketing to Internet
Service Providers (ISP's) delivering state-of-the-art advertising and promotion
infrastructure to acquiring non-cyclical, consumer businesses in Eastern
Europe, particularly in the country of Moldova.  Trezac is poised to become an
acquisition parent company operating in the U.S., and Eastern Europe.


SELECTED FINANCIAL DATA

You should read the financial data set forth below in conjunction with
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" and our consolidated financial statements and the related notes.

                                                         For the Period From
                                      Year Ended     Inception (August 2, 2000)
                                     December 31,          to December 31,
                                         2002                    2001
                                       --------                --------
Income Statement Data:
----------------------
Revenues                             $          -          $         -
General and Administrative
   Expenses                          $  7,907,952          $  1,237,075
Net Income (Loss)                    $ (8,372,068)         $ (1,264,814)
Income (Loss) Per Share              $      (7.83)         $      (0.34)
Weighted Average Shares Outstanding  $  1,068,743                36,701


Balance Sheet Data:
Deposits                             $          -                   250
Total liabilities                         836,032               274,816
Total current assets                      383,571               429,220
Stockholders Equity                      (277,311)              123,545

                                        3
<PAGE>


RECENT EVENTS AND ACQUISITIONS

On January 22, 2003, the Company entered into a stock purchase agreement with
Millagro SRL, ("Millagro") a Moldovian corporation, located in the former Soviet
Republic and the shareholders of Millagro.  The completion and closing of the
Agreement is subject to an audit of Millagro's revenues and assets for fiscal
year 2002 and audited financial statements for Millagro fiscal year 2003 that
meet certain benchmarks.  Pursuant to the terms of the Agreement, the Company
will acquire all of the issued and outstanding shares of capital stock of
Millagro from the Millagro Shareholders in exchange for newly issued shares of
the Company's common stock valued in United States Dollars at two and a half
(2.5) times Millagro's audited cash revenues for fiscal year 2002.  The Company
has placed 15,000,000 shares of the Company's common stock in escrow to cover
the cost of the Acquisition.  As part of the Acquisition, at the closing, the
Company's Board of Directors will appoint Octavian Chiriac, and Serguei Melnik
as members of the Company's Board of Directors and Iurie Bordian as Chief
Financial Officer and a member of the Company's Board of Directors.

Millagro is an agricultural company that grows, sells, and distributes staple
foods, including cereal, corn, vegetables, wheat, and flour.  Millagro's main
business divisions are: 1) agroIndustrial; 2) agricultural development; 3) motor
pool and equipment leasing; 4) swine and cattle cultivation; and 5) soy farming
and processing.  Millagro is working towards becoming Moldova's first
"closed-cycle" production company where it owns the land, crops, processing
facilities as well as the distribution channels for its soy products.
Milagro's Research and Development facility works on agricultural growth,
breeding operations and government approval of new sorts of seeds, including
wheat, sunflower and grass cultivation.

The 15,000,000 shares of common stock placed in escrow pending the closing of
the merger have not and will not be registered under the Securities Act of 1933,
as amended (the "Act") and were issued in the reliance upon the exemption from
registration provided by section 4(2) of the Act, on the basis that the
Acquisition is a transaction not involving a public offering. All certificates
evidencing the Shares bear a customary form of investment legend and may not be
sold, pledged, hypothecated or otherwise transferred unless first registered
under the Act or pursuant to an available exemption from such registration
requirements.

The amount of consideration paid to the Millagro Shareholders for Millagro was
determined through arm's-length negotiations between these parties and the
Company. Other than as disclosed herein, there are no material relationships
between the Millagro Shareholders and the Company or any of its affiliates, any
directors or officers of the Company, or any associate of such directors or
officers.


                                        4

<PAGE>




Equity Line Financing
---------------------

On March 5, 2003 the Company hired Merchant Banker, Fleming Capital Group
("FCG") and Fleming Capital Management ('FCM") of New York to finalize
negotiations and close an investment from the Moldova Enterprise Credit
Foundation (MECF).  MECF is an internationally owned financial institution
that specializes in direct foreign investment into the Republic of Moldova,

The MECF has proposed terms of asset backed investment for the acquisition
strategy that the Company is executing in the Republic of Moldova. MECF has
brought FCG into the arrangement as the liaison for MECF's business with
Trezac.  FCG will serve as an operations, due diligence and deal packaging
partner for other projects that Trezac is performing due diligence on in
Moldova.

FCG is a private capital, merchant bank and advisory boutique based in New
York City. FCG offers many creative approaches to advising on acquisition
planning, system integration and roll up strategies.  FCG will become involved
in all facets of Trezac's business planning and MECF's funding and execution
strategies.

Principal components of FCG include; a US and European business advisor; an
International attorney specializing in Russia & Moldova and an Investment
advisor that is experienced in debt and equity investment structures and
strategies for US companies making direct foreign investments.  The principals
of FCG are comfortable working in English, French, Russian and Moldovian
business cultures and relevant languages. FCG is deeply networked with
Investment Funds, Financial Institutions, Local and National banks, Investment
Foundations, Auditors and Tax specialists in this region of the world.

OUR SERVICES

Since we acquired FCOM, we are a provider of products and services that enable
publishers, advertisers, direct marketers and promotional merchants to market
products and/or advertisements to Internet service providers (ISP) subscribers.
We intend to offer potential clients with advertising needs several facets of
the digital marketing process, from pre-campaign planning, to digital execution
and campaign tracking.

The market for digital marketing products and advertising services is very
competitive.  We believe that our ability to compete in the Internet advertising
arena depends on many factors both within and beyond our control, including the
following: the timing and acceptance of new solutions and enhancements to
existing advertising solutions developed either by us or our competitors;
customer service and support efforts; our ability to adapt and develop Internet
technology, and develop and introduce new technologies, as customer needs change
and grow; and the relative impact of general economic and industry conditions on
either us or our competitors.

                                        5

<PAGE>



We compete directly or indirectly with companies in the following categories:
(i) large Web publishers, (ii) Web portals and Internet advertising networks
that offer advertising inventory; (iii) providers of software and service bureau
ad delivery solutions for Web publishers and advertisers; (iv) email services
companies; (v) providers of information products and marketing research services
to the direct marketing industry;(vi) advertisement performance measurement
companies, (vii) providers of Web advertising management, and (viii) companies
engaged in advertising sales networks, advertising agencies and other companies
that facilitate digital marketing.  Many of our existing competitors, as well as
potential new competitors, have longer operating histories, greater name
recognition, larger customer bases and significantly greater financial,
technical and marketing resources than us.


Equity Investment
-----------------

On August 9, 2001, we acquired from Computer Hardware Corporation, a
Panamanian corporation, 100% of the outstanding shares of Online Asset Courtesy,
Inc. ("OACI"), a Panamanian corporation, whose only asset was 24,250 units of
AdServers in exchange for 31,250 shares of the Company's common stock valued at
$2,813 and a warrant to purchase 31,250 shares at $0.10 for a period of three
years valued at $1,563.  Also in August 2001, the Company acquired an additional
3,191.50 units of AdServers for 25,000 shares of the Company's common stock
valued at $2,250.  The Company purchased 1,851.85 additional units in December
2001 for $4,630.  AdServersOnline, LLC, a Nevada limited liability corporation
whose assets included software that delivers media advertisements during the
latent time resulting from logging-on and logging-off the Internet, a period
during which we believe consumers are captive, waiting and susceptible to
advertisers' messages.

In January 2002, the Company issued warrants to certain partners of AdServers
to purchase 200,000 shares of the Company's common stock at $0.24 per share,
expiring in 2005 for the completion of the software system to be used to sell
the Company's products and services under the joint marketing agreement.

Through our marketing agreement with Adservers Online LLC, management intended
to offer a range of media, marketing technology products and services.  Through
AdServersOnline's "Ad-Apt" software technology, management intended to provide
potential customers the ability to measure campaign performance.
AdServersOnline, using licensed proprietary technologies, is combining the
entertainment quality of modern television commercials with the personal
targeting, mass market potential, and interactivity of the Internet.
AdServersOnline allows advertisers to access the marketing and revenue potential
of the Internet by increasing the effectiveness and dollar efficiency of their
clients' ads with more accurate targeting and higher video quality for dial-up
customers.  Through the AdServersOnline LLC agreement, management hoped to
enable advertisers and advertising agencies which contract with AdServersOnline
to access ISP audiences.


                                        6

<PAGE>



In July 2001, we entered into a joint marketing agreement with AdServersOnline,
which enables us to market their Internet advertising/marketing services to
ISP's globally.  AdServersOnline will provide the software capabilities, all
relevant technologies, inventory and ongoing advertising sales.  The agreement
has a term of three years, and may be automatically renewed for successive one
year periods.  With the demise of the dot.com companies, we were unable to
generate business through AdServersOnline.


Acquisition Strategy
--------------------

Based on these difficulties to obtain market acceptance of our Internet
advertising products we have re-defined our business focus and the members of
its Board of Directors have begun the acquisition of companies that are
fundamentally sound and are valued at an intrinsic discount to the Directors'
estimate of their private market value.  The focus in each acquisition is on
building sales, acquiring assets and positioning each subsidiary for sales to,
or joint venture with, key market leaders.

Trezac's acquisition strategy is designed to create an independent agri-
industrial holding company in Moldova.  Management believes the key to success
of the Company is a dedication to Western business disciplines instead of the
management style and systems that still are used throughout much of Eastern
Europe.  The Company plans to achieve economies-of-scale by instituting modern
management practices and consolidation at the executive levels.  We plan to
aggressively penetrate several market segments.

Our first acquisition in Moldova was Milagro.  Millagro Corporation is a leader
in developing high-quality competitively-priced farm products and in supplying
them to growers. The Company provides livestock farmers with well-balanced
nutritional feeds.  They also produce seeds of all types for Moldova's farming
community as well as customers throughout Eastern Europe.

The completion and closing of the Agreement is subject to an audit of Millagro's
revenues and assets for fiscal year 2002 and audited financial statements for
Millagro fiscal year 2003 that meet certain benchmarks.  Pursuant to the terms
of the Agreement, the Company will acquire all of the issued and outstanding
shares of capital stock of Millagro from the Millagro Shareholders in exchange
for newly issued shares of the Company's common stock valued in United States
Dollars at two and a half (2.5) times Millagro's audited cash revenues for
fiscal year 2002.  The Company has placed 15,000,000 shares of the Company's
common stock in escrow to cover the cost of the Acquisition.

Moldova's Economy - Moldova has a population of 4,762,000, which makes it the
fourth in size as the most densely populated of all countries in the former
USSR.  As part of an ambitious reform effort, Moldova recently introduced a
convertible currency, freed all prices, stopped issuing preferential credits to
state enterprises, backed steady land privatization, removed export controls,
and freed interest rates.. In 1998, the economic troubles of Russia, by far

                                        7

<PAGE>



Moldova's leading trade partner, were a major cause of the 8.6% drop in GDP.
In 1999, GDP fell again, by 4.4%, the fifth drop in the past seven years;
exports were down, and energy supplies continued to be erratic.  Following the
return to positive GDP growth in 2000 (1.9%), Moldova experienced strong 6.1%
rise in GDP in 2001, driven by a marked improvement in industry and a 20%
improvement in agriculture.

Primarily Agrarian Economy - Trezac is involved in the Moldovian agri-economy -
a market that has significant growth potential.  The country enjoys a favorable
temperate climate and good farmland; as a result, the economy is agriculturally-
centered, focusing on grains, fruits and wine. International financial and
relief agencies are forecasting favorable growth for the Moldovian agricultural
economy as it seeks to regain its position as the bread basket of Eastern Europe
No other country in the world has soil content consisting of 80% chernozem
(extremely fertile) soil. Moldova ranked in the top 5 in food production amongst
the 15 former republics of the Soviet Union, lagging only the much larger
territories of Russia, Ukraine, Kazakhstan and Uzbekistan.  Based upon
production per square acre, Moldova far surpasses the productivity of all of
Eastern Europe.  The Moldovian Government has been intensifying subsidies to
agriculture companies in the last five years, as have international
organizations such as the World Health Organization, the United Nations and the
World Bank.  Trezac is at the forefront of Moldova's agri-industry and should
benefit greatly from the Western economic initiatives already in place.

Alternative Financing - Trezac has enacted plans to secure financing for export
trade activities utilizing programs administered by the United States Department
of Agriculture (USDA).  Additionally, other programs administered by U.S.
Federal Government agencies that provide funding and/or financing of U.S.
businesses and their export related activities are actively being reviewed for
utility in serving the needs of Trezac's subsiduaries.  Trezac is seeking to
secure a country allocation for the Republic of Moldova for the GSM 102 Program,
the Supplier Guarantee Program, and the Facility Credit Guarantee Program,
currently administered by the USDA's Foreign Agricultural Service (FAS).
Additionally, Trezac will also seek to qualify itself as an approved exporter
of U.S. agricultural commodities.

Trezac will seek to secure export licenses and transactional approval from
appropriate Governmental agencies facilitating the export of U.S. agricultural
commodities and equipment via Trezac to the world.

In tandem with its efforts to garner U.S. Government contracts, Trezac will also
utilize its contacts within private sector trading entities to seek to establish
trade relationships designed to mutually benefit both parties.

STRATEGIC PROGRAMS

The GSM 102 Program, the Supplier Guarantee Program, and the Facility Credit
Guarantee Program represent the most likely tools for securing government export
financing assistance for Trezac.


                                        8

<PAGE>



The GSM 102 program underwrites credit extended by the private banking sector
in the United States (or, less commonly, the exporter) to approved foreign banks
using dollar-denominated, irrevocable letters-of-credit to pay for food and
agricultural products sold to foreign buyers. GSM 102 covers credit terms up to
three years.

Under these programs, which are administered by FAS, the Commodity Credit
Corporation (CCC) does not provide financing, but guarantees payments due from
foreign banks. Typically, 98% of principal and a portion of interest at an
adjustable rate are covered.

Because payment is guaranteed, financial institutions in the United States can
offer competitive credit terms to the foreign banks, usually with interest rates
based on the London Inter-Bank Offered Rate (LIBOR). Any follow-on credit
arrangements between the foreign bank and the importer are negotiated separately
and are not covered by the CCC guarantee.

Interested parties, including U.S. exporters, foreign buyers, and banks, may
request that the CCC establish a GSM 102 program for a country or region.  Prior
to announcing the availability of guarantees, the CCC evaluates the ability of
each country and foreign bank to service CCC-guaranteed debt. New banks may be
added or levels of approval for others increased or decreased as information
becomes available.

CCC selects agricultural commodities and products according to market potential.
In other words, if a deal can be reached for a specific commodity to be
exported, an allocation will be provided.

The Supplier Guarantee Program guarantees short-term credit extended by U.S.
exporters directly to their foreign customers.  Credit terms cannot exceed 180
days.

Under the Facility Credit Guarantee Program, USDA guarantees credit extended by
U.S. banks for commercial sales of American goods and services used to improve
agricultural infrastructure in importing countries, such as storage, processing,
and handling equipment.

The USDA views its credit guarantee programs as commercial programs, not as
export subsidies. The programs are used to support and promote commercially
viable transactions. In addition to facilitating U.S. exports, these programs
also help developing countries and other countries that have credit problems to
finance purchases of food and other agricultural products.

In addition to these USDA-administered programs are programs administered by
the Department of Commerce, Ex-Im Bank, and the Overseas Private Investment
Corporation (OPIC). These programs including direct loan and guarantee programs
designed to help U.S. business entities export goods and equipment.


                                        9

<PAGE>



INTELLECTUAL PROPERTY RIGHTS

We do not own any patents or trademarks and have no patents or trademarks
pending.  We do own the URL for the Internet Web sites located at
http://www.marketcentral.net and http://www.trezac.com.

EMPLOYEES

As of March 14, 2003, we had one full time employee, Paul Taylor.  We have
not experienced a work stoppage and we believe that our employee relationship
with Mr. Taylor is good.  Our success depends to a large extent upon the
continued services of Mr. Taylor.  The loss of his services could have a
material adverse effect on our business and our results of operations.

<PAGE>

RISK FACTORS

An investment in our common stock is speculative in nature and involves a
high degree of risk.  You should carefully consider the following risks and the
other information contained  in this prospectus before investing in the common
stock offered hereby.  The price of our common stock could decline due to any of
these risks, and you could lose all or part of your investment.  You also should
refer to the other information included in this prospectus, including the
financial statements and related notes.

If any of the events described below were to occur, our business, prospects,
financial condition or results of operations or cash flow could be materially
adversely  affected.  When we say that something could or will have a material
adverse effect on it, we mean that it could or will have one or more of these
effects.

GENERAL RISKS

WE HAVE NOT EARNED REVENUES AND WE HAVE HAD LOSSES SINCE OUR INCEPTION.
WE EXPECT LOSSES TO CONTINUE IN THE FUTURE AND THERE IS A RISK WE MAY
NEVER BECOME PROFITABLE.

We have not earned revenues and we may not earn revenues in the future.
We have incurred losses and experienced negative operating cash flow since
our formation.  For our fiscal year ended December 31, 2002, we had a net loss
of $(???????).  We expect to continue to incur significant operating expenses
as acquire Moldovian companies.  Our operating expenses have been and are
expected to continue to outpace revenues and result in significant losses in the
near term.  We may never be able to reduce these losses.

WE MAY NEED TO RAISE ADDITIONAL FUNDS IN THE FUTURE FOR OUR OPERATIONS AND IF WE
ARE UNABLE TO SECURE SUCH FINANCING, WE MAY NOT BE ABLE TO SUPPORT OUR
OPERATIONS.


                                        10

<PAGE>



We will need additional funds to develop our operations.  We may seek additional
capital through

   o   an offering of our equity securities,
   o   an offering of debt securities, or
   o   by obtaining financing through a bank or other entity.

We have not established a limit as to the amount of debt we may incur and we
have not adopted a ratio of our equity to debt allowance.  If we need to
obtain additional financing, the financing may not be available from any source,
or may not be available on terms acceptable to us.  Any future offering of
securities may not be successful.  We may not be able to continue to operate if
we are unable to obtain additional capital when needed.

OUR CURRENT AND POTENTIAL COMPETITORS, SOME OF WHOM HAVE GREATER RESOURCES AND
EXPERIENCE THAN WE DO.

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

The Company is and will continue to be an insignificant participant in the
business of seeking mergers with, joint ventures with and acquisitions of
small private and public entities. A large number of established and well-
financed entities, including venture capital firms, are active in mergers
and acquisitions of companies that may be desirable target candidates for
us.

Nearly all these entities have significantly greater financial resources,
technical expertise and managerial capabilities than we do and, consequently,
we will be at a competitive disadvantage in identifying possible business
opportunities and successfully completing a business combination.  Moreover,
we will also compete in seeking merger or acquisition candidates with numerous
other small public companies


THE NATURE OF OUR OPERATIONS ARE HIGHLY SPECULATIVE.

The success of our plan of operation will depend to a great extent on the
operations, financial condition and management of the identified business
opportunities in Moldova.  While management intends to seek business
combination(s) with entities having established operating histories, we cannot
assure you that we will be successful in locating candidates meeting that
criteria.  In the event we complete a business combination, the success of our
operations may be dependent upon management of the successor firm or venture
partner firm and numerous other factors beyond our control.



                                        11

<PAGE>



ALTHOUGH WE HAVE AN EMPLOYMENT AGREEMENT WITH MR. PAUL TAYLOR, IF WE ARE UNABLE
TO RETAIN THE SERVICES OF MR. TAYLOR, WE MAY NOT BE ABLE TO CONTINUE OUR
OPERATIONS.

Our success in achieving our growth objectives depends upon the efforts of
Mr. Taylor, our Chairman.  The loss of the services of Mr. Taylor may have a
material adverse effect on our business, financial condition and results of
operations.  While Mr. Taylor does not have experience specifically in acquiring
non-cyclical, consumer businesses in Eastern Europe, we believe the loss of Mr.
Taylor, our only full-time employee, would result in the loss of business
contacts and the loss of a professional with knowledge and understanding of the
corporate and the finance industry.  We may not be able to maintain and
continue our operations or achieve our growth objectives should we lose
Mr. Taylor's services.


INVESTMENT RISKS:

OPERATING LOSSES, NEGATIVE CASH FLOW FROM OPERATIONS LIKELY FOR FORESEEABLE
FUTURE.

There is no guarantee that the Company will ever be able to operate profitably
or derive any significant revenues from its operation.  It is important to note
that the Company anticipates that it will incur losses and negative cash flow
over the next twelve (12) months.  There is no guarantee that the Company will
ever operate profitably or even receive positive cash flows from full
operations.


WE HAVE CERTAIN CONVERTIBLE SECURITIES OUTSTANDING SOME OF WHOSE CONVERSION RATE
IS CURRENTLY INDETERMINABLE.  AS SUCH, PURCHASERS OF OUR COMMON STOCK COULD
EXPERIENCE SUBSTANTIAL DILUTION OF THEIR INVESTMENT UPON CONVERSION OF SUCH
SECURITIES.

Pursuant to a transaction dated January 31, 2002, we entered into an agreement
to issue convertible debentures and warrants in return for investment dollars.
Under that agreement, we will receive certain portions of the aggregate
investment based on certain criteria.  The debentures are convertible into such
number of shares of common stock as is determined by dividing the principal
amount thereof by the then current conversion price.  If converted, the
debentures would dilute the common stock outstanding.  Pursuant to the terms of
the transaction, however, the number of convertible debentures could prove to
be significantly greater in the event of a decrease in the trading price of the
common stock.

The warrants issued in connection with the debentures are exercisable over
the next three years at a price equal to the lesser of $0.057 per share or a
variable exercise price based upon the trading price of the common stock at the
time of exercise, which price may be adjusted from time to time under certain
anti-dilution provisions.  The shares of common stock into which the debentures
may be converted and the shares of common stock issuable upon exercise of the
warrants are being registered pursuant to this registration statement.

                                        12
<PAGE>



As of March 14, 2002, we have reserved 195,438 in connection with the
sale of our convertible debenture transaction.  In addition to the securities
described above, as of March 14, 2002, 650,000 shares of our common stock were
reserved for issuance in connection with our equity line of credit agreement
entered into with Dutchess Private Equities Fund, LP.

Purchasers of common stock could, therefore, experience substantial dilution of
their investment upon conversion of the debentures.  In addition, a sale by the
selling stockholders of large blocks of the shares registered pursuant to a
registration statement could have a depressive effect on our stock price.  The
debentures are not registered and may be sold only if registered under the
Securities Act of 1933, as amended, or sold in accordance with an applicable
exemption from registration, such as Rule 144.  Since the last sale of these
securities took place in September, 2002, under Rule 144, they will remain
restricted until September, 2003.


SHARES OF OUR TOTAL OUTSTANDING SHARES THAT ARE RESTRICTED FROM IMMEDIATE RESALE
BUT MAY BE SOLD INTO THE MARKET IN THE FUTURE COULD CAUSE THE MARKET PRICE OF
OUR COMMON STOCK TO DROP SIGNIFICANTLY, EVEN IF OUR BUSINESS IS DOING WELL.


As of December 31, 2002 we had 5,025,233 shares of our common stock issued
and outstanding, 4,522,700 of which we believe are restricted securities.  Rule
144 provides, in essence, that a person holding "restricted securities" for a
period of one year may sell only an amount every three months equal to the
greater of (a) one percent of a company's issued and outstanding shares, or (b)
the average weekly volume of sales during the four calendar weeks preceding the
sale. The amount of "restricted securities" which a person who is not our
affiliate sells is not so limited, since non-affiliates may sell without volume
limitation their shares held for two years if there is adequate current public
information available concerning us.  In that event, "restricted securities"
would be eligible for sale to the public at an earlier date.  As restrictions
on resale end, the market price of our common stock could drop significantly if
the holders of these restricted shares sell them or are perceived by the market
as intending to sell them.

WE MAY, IN THE FUTURE, ISSUE ADDITIONAL SHARES OF OUR COMMON STOCK WHICH WOULD
REDUCE INVESTORS PERCENTAGE OF OWNERSHIP AND MAY DILUTE OUR SHARE VALUE.

Our certificate of incorporation authorizes the issuance of 500,000,000
shares of common stock, par value $0.0001 per share.  The future issuance of all
or part of our remaining authorized common stock may result in substantial
dilution in the percentage of our common stock held by our then existing
stockholders.  We may value any common stock issued in the future on an
arbitrary basis.  The issuance of common stock for future services or
acquisitions or other corporate actions may have the effect of diluting the
value of the shares held by our investors, and might have an adverse effect
on any trading market for our common stock.


                                        13

<PAGE>



POTENTIAL FLUCTUATION IN OPERATING RESULTS; QUARTERLY FLUCTUATIONS

Seasonality in the Moldovian agricultural industry is likely to cause quarterly
fluctuations in Trezac's operating results.  Because of the Company's limited
operating history in the Moldovian agricultural business, management does not
know which seasonal patterns, if any, will predominate.  As a strategic
response to changes in the competitive environment, the Company may from time
to time make certain pricing, marketing decisions or acquisitions that could
have a material short-term or long-term adverse effect on the Company's
business, results of operations and financial condition.  If seasonality in
the agricultural business causes quarterly fluctuations, there could be a
material adverse effect on the Company's business.

RISKS ASSOCIATED WITH ACQUISITIONS

If appropriate opportunities present themselves, the Company would acquire
businesses, technologies, services or product(s) that the Company believes
are strategic and would help it to expand its operations and/or future
customer base.

Future acquisitions could result in potentially dilutive issuances of equity
securities, the incurrence of debt, contingent liabilities and/or amortization
expenses related to goodwill and other intangible assets, which could
materially adversely affect the Company's business, results of operations and
financial condition.  Any future acquisitions of other businesses,
technologies, services or product(s) might require the Company to obtain
additional equity or debt financing, which might not be available on terms
favorable to the Company, or at all, and such financing, if available, might
be dilutive.


ITEM 2.  DESCRIPTION OF PROPERTIES

Our principal executive offices, located at 20500 Meeting Street, Boca
Raton, Florida  33434, are leased to at a monthly rental rate of $1,400.00
and expires in August 2002.  We believe that our leased properties are adequate
for our current and immediately foreseeable operating needs.  We do not have
any policies regarding investments in real estate, securities or other forms
of property.

ITEM 3.  LEGAL PROCEEDINGS

From time to time, we are involved as a plaintiff or defendant in various
legal actions arising in the normal course of business.  We do not anticipate
any material liability as a result of such litigation.


                                        14

<PAGE>



The Company's subsidiary, FMOC, Inc. and its President have been named as
Defendants in a suit filed November 4, 2001 in the Superior Court of the State
of Colorado for County of Denver by a stockholder who purchased 100,000 shares
of FCOM for $50,000.  FCOM, is a Company subsidiary.  The shareholder alleges
his investment in the Company was based on improper information.  This
shareholder seeks the return of his investment as well as punitive damages and
legal expenses from the defendants.


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

     Not applicable.


                                    PART II


ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS


MARKET INFORMATION

On July 25, 2002, the Board of Directors and a majority of shareholders
of the Company approved an amendment to the Company's Certificate of
Incorporation that authorized a name change from MarketCentral.Net Corp. to
Trezac Corp.  The amendment also authorized a trading symbol change from
MKCT to TRZC.  The following table sets forth the range of high and low bid
quotations of our common stock for the periods indicated.  The prices represent
inter-dealer quotations, which do not include retail markups, markdowns or
commissions, and may not represent actual transactions.

                                               HIGH     LOW
                                              -------  ------

YEAR ENDED DECEMBER 31, 2000

First Quarter                                  $ 10.00     $ 3.00
Second Quarter                                 $  4.00     $ 1.75
Third Quarter                                  $  3.00     $ 1.00
Fourth Quarter                                 $  2.00     $ 0.20

YEAR ENDED DECEMBER 31, 2001*

First Quarter                                  $ 4.80      $ 2.56
Second Quarter                                 $15.00      $ 2.08
Third Quarter                                  $ 4.32      $ 0.32
Fourth Quarter                                 $ 0.15      $ 0.07


                                        15

<PAGE>



YEAR ENDED DECEMBER 31, 2002**

First Quarter                                  $ 1.50      $ 0.50
Second Quarter                                 $ 3.50      $ 0.50
Third Quarter                                  $ 2.00      $ 0.30
Fourth Quarter                                 $ 2.00      $ 0.10


_______

*Our common stock began trading under the symbol MKCT in November, 2001.
** Our common stock began trading under the symbol TRZC in September, 2002.

Reverse Stock Splits
--------------------

On September 27, 2001, the Company effectuated a reserve 16 for 1 stock split.
On September 16, 2002, the Company effectuated a reverse 100 for 1 stock split.

SECURITY HOLDERS

At December 31, 2002, there were 5,025,233 shares our common stock outstanding
which were held by approximately 165 stockholders of record.

DIVIDEND POLICY

We have never declared or paid any cash dividends on our capital stock.  We
intend to retain future earnings, if any, to finance the expansion of our
business and we do not expect to declare or pay any cash dividends in the
foreseeable future.


RECENT SALE OF UNREGISTERED SECURITIES

Some of the holders of the shares issued below may have subsequently
transferred or disposed of their shares and the list does not purport to
be a current listing of the Company's stockholders.

On January 31, 2002, the Company entered into a securities sale agreement with
a group of investors providing for the issuance of 12% secured convertible
debentures in the aggregate principal amount of $500,000 due January 31, 2003
at a conversion price calculated at the time of conversion for the aggregate
consideration of  $500,000 and warrants to purchase 10,000 shares of common
stock, exercisable at the lesser of $5.70 or the average of the lowest three
trading prices during the 20-day period prior to exercise, expiring January 31,
2005.  On January 31, 2002, the Company received $250,000 and issued warrants
to purchase 5,000 shares of common stock valued at $97,500 to be expensed as
loan fees over the length of the note.  All assets of the Company secure the
debentures.  Interest is payable on dates at the option of the holder.  The
debentures are convertible into shares of common stock at the lesser of $7.50


                                        16

<PAGE>



per share or 50% of the market price of the Company's common stock for the
average of the lowest three trading prices during the 20-day period prior to
conversion.  As of December 31, 2002, none of these debentures have been
converted.  The Company recorded $250,000 as interest expense for the
beneficial conversion feature related to the debentures issued on January 31,
2002.  The amounts due in January 2003 were not repaid and the Company is
currently working out a payment plan with the group of investors to repay the
convertible debentures.

In order to provide additional working capital and financing for the Company's
expansion, the Company entered into convertible debenture agreements with four
accredited investors ("the Purchasers") on May 31, 2002 whereby the Purchasers
acquired an aggregate of $50,000 of the Company's 15% Convertible Debentures,
due May 31, 2003.  As of December 31, 2002, none of these debentures have been
converted.  The Company issued warrants to purchase 980 common shares valued at
$33,296, to be expensed as loan fees over the length of the notes.  The
warrants are exercisable immediately, and have a life of three years.  The
Company also recorded $50,000 as interest expense for the beneficial conversion
feature related to these debentures.

In order to provide additional working capital and financing for the Company's
expansion, the Company entered into convertible debenture agreements with four
accredited investors (the "Purchasers") on September 30, 2002 whereby the
Purchasers acquired an aggregate of $150,000 of the Company's 12% Convertible
Debentures, due September 30, 2003.  As of December 31, 2002, none of these
debentures have been converted. The Company issued warrants to purchase 300,000
common shares valued at $1,642, to be expensed as loan fees over the length of
the notes.  The warrants are exercisable immediately, and have a life of three
years.  The Company recorded $150,000 as interest expense for the beneficial
conversion feature related these debentures for the three months ended September
30, 2002.

During the last three years, the Company has issued unregistered securities as
described below.  None of these transactions involved any underwriters,
underwriting discounts or commissions, except as specified below, or any public
offering, and the Company believes that each transaction was exempt from the
registration requirements of the Securities Act of 1933 by virtue of Section
4(2) thereof, Regulation D promulgated thereunder, or Regulation S where
indicated.  All recipients had adequate access, through their relationship with
the Company, to information about the Company.  The facts relied upon to make
these exemptions available were that each of the issuances were made to a
limited number of parties that were accredited investors and each of these
parties were provided access to information regarding the Company or, through
their relationship with the Company, were aware of the Company's activities.

On or about September 14, 2000, the Company issued 560 shares of its common
stock to a related party for consulting services.  Such issuance was made
pursuant to the exemption provided in Section 4(2) of the Securities Act for
transactions by an issuer not involving a public offering.


                                        17

<PAGE>



On March 20, 2001, the Company issued an aggregate of 1,879 shares of common
stock for consulting services valued at $64 per share representing $120,265 in
services.  The Company issued 397 shares of common stock valued at $97 per
share representing a $38,478 note payable converted to common stock to several
consultants.  Such issuance was made pursuant to the exemption provided in
Section 4(2) of the Securities Act for transactions by an issuer not involving
a public offering.

On March 21, 2001 the Company issued 1,548 shares of the Company's common stock
in exchange for all of the issued and outstanding shares of common stock of FCOM
and 741 A warrants and 741 B Warrants to purchase shares of FCOM common stock.
Such issuances were made pursuant to the exemption provided in Section 4(2) of
the Securities Act for transactions by an issuer not involving a public
offering.

On May 8, 2001 the Company issued 531 shares of the Company's common stock
valued at $11 per share for $5,844 to several consultants in consideration for
services rendered.  Such issuances were pursuant to the exemption provided in
Section 4(2) of the Securities Act for transactions by an issuer not involving
a public offering.

On June 22, 2001 the Company issued 250 shares of the Company's common stock
as compensation for services rendered valued at $21 per share to several
consultants.  Such issuances were pursuant to the exemption provided in Section
4(2) of the Securities Act for transactions by an issuer not involving a public
offering.

On July 17, 2001 the Company issued 1,313 and 2,656 shares of the Company's
common stock valued at $16.00 per share and $160 per share to an unrelated
party in consideration for consulting services rendered to the Company.  Such
issuances were pursuant to the exemption provided in Section 4(2) of the
Securities Act for transactions by an issuer not involving a public offering.

On July 23, 2001, the Company issued 313 and 469 shares of the Company's common
stock valued at $240 and $11 per share for, respectively, to consultants for
services rendered to the Company.  Such issuances were made pursuant to the
exemption provided in Section 4(2) of the Securities Act for transactions by
an issuer not involving a public offering.

On July 31, 2001, the Company issued 250 shares of the Company's common stock
to a related party valued at $9 per share, to purchase 3,191.50 membership
interests in the related party.  The Company also issued 313 shares of the
Company's common stock valued at $9 per share to purchase 24,250 membership
units in the related party and 100% of a second related party.  Such issuances
were pursuant to the exemption provided in Section 4(2) of the Securities Act
for transactions by an issuer not involving a public offering.


                                        18

<PAGE>



On September 6, 2001, the Company issued 625 shares of the Company's common
stock upon the exercise of outstanding options by an unrelated party, which
were exercised at $12 per share.  Such issuances were pursuant to the exemption
provided in Section 4(2) of the Securities Act for transactions by an issuer
not involving a public offering.

On September 7, 2001, the Company issued 1,250 shares of the Company's common
stock valued at $1 for services rendered by several consultants.  Such
issuances were pursuant to the exemption provided in Section 4(2) of the
Securities Act for transactions by an issuer not involving a public offering.

On September 17, 2001, the Company issued 469 shares of the Company's common
stock upon the exercise of outstanding options which were exercised at $5 per
share by an unrelated party and on September 28, 2001 the Company issued 750
shares of the Company's common stock upon the exercise of outstanding options
by an unrelated party which were exercised at $3.50 per share.  Such issuances
were pursuant to the exemption provided in Section 4(2) of the Securities Act
for transactions by an issuer not involving a public offering.

Also in September, the Company approved a reverse stock split of the Company's
common stock at the rate of 16 to 1 for stockholders of record on September 27,
2001.  In connection with the reverse split, the Company issued 127 shares of
common stock in order to prevent the issuance of fractional shares.

On October 10, 2001, the Company issued 60,000 shares of the Company's common
stock to the Company's Chief Executive Officer, valued at $.90 per share in
exchange for a promissory note in the amount of $540,000.  Such issuance was
pursuant to the exemption provided in Section 4(2) of the Securities Act for
transactions by an issuer not involving a public offering.

On October 12, 2001, the Company executed a stock purchase agreement with an
unrelated party, pursuant to which the Company may sell to offshore investors,
up to 84,000 shares of the Company's restricted common stock.  Pursuant to the
stock purchase agreement, the Company agreed to sell to purchasers in an
offshore transaction which was negotiated outside of the United States and
consummated outside of the United States shares of the Company's restricted
common stock at a purchase price equal to 40% of the reported bid price of the
Company's common stock as quoted on the OTC Bulletin Board for the five trading
days preceding the date of purchase.  As of March 15, 2002, the Company has
issued 84,000 shares of the Company's common stock to investors designated by
the unrelated party at prices ranging from $3.20 to $5.00 per share.  Such
issuances were made pursuant to the exemption provided in Regulation S of the
Securities Act.

On October 17, 2001 and February 5, 2002, the Company issued 2,500 and 8,500
shares to a related party of the Company's common stock valued at $13 and $23
per share, respectively, as compensation for services rendered to the Company.
Such issuances were pursuant to the exemption provided in Section 4(2) of the
Securities Act for transactions by an issuer not involving a public offering.


                                        19

<PAGE>



On October 17, 2001, the Company issued a three-year warrant to one individual
to purchase 5,000 shares of the Company's common stock exercisable at 120% of
the closing bid of the Company's common stock on October 16, 2001, $1.00 per
share.  Such issuance was pursuant to the exemption provided in Section 4(2)
of the Securities Act for transactions by an issuer not involving a public
offering.
On October 19, 2001, the Company issued 17,262 shares of the Company's common
stock upon the conversion of outstanding debt by a related party in the
aggregate amount of $224,408.  Such issuance was pursuant to the exemption
provided in Section 4(2) of the Securities Act for transactions by an issuer
not involving a public offering.

On October 19, 2001 the Company issued a three year warrant to one individual
to purchase 300,000 shares of the Company's common stock exercisable at $14.00
per share and on October 24, 2001 the Company issued warrants to two individuals
to purchase, pursuant to a consulting agreement, an aggregate of 100,000 shares
of the Company's common stock exercisable at $14.00 per share.  Such issuances
were pursuant to the exemption provided in Section 4(2) of the Securities Act
for transactions by an issuer not involving a public offering.

On October 24, 2001, the Company issued 150 shares of the Company's common stock
upon the exercise of outstanding options by an unrelated party, which were
exercised at $4.00 per share.  Such issuance was pursuant to the exemption
provided in Section 4(2) of the Securities Act for transactions by an issuer
not involving a public offering.

On November 8, 2001, the Company issued a warrant to one individual to purchase
10,000 shares of the Company's common stock at an exercise price of $1.00 per
share.  Such issuances were pursuant to the exemption provided in Section 4(2)
of the Securities Act for transactions by an issuer not involving a public
offering.

On December 3, 2001, the Company issued 1,000 shares of the Company's common
stock to AdServersOnline for patent rights valued at $7,000.  Such issuances
were made pursuant to the exemption provided in Section 4(2) of the Securities
Act for transactions by an issuer not involving a public offering.

On December 3, 2001, the Company issued 9,400 shares of common stock to an
unrelated party valued at $7 per share for services rendered to the Company.
Such issuances were made pursuant to the exemption provided in Section 4(2)
of the Securities Act for transactions by an issuer not involving a public
offering.

On December 20, 2001, the Company issued 26,154 shares of the Company's common
stock valued at $320,000 to several companies for deferred offering costs
related to an investment agreement.  Such issuances were made pursuant to the
exemption provided in Section 4(2) of the Securities Act for transactions by
an issuer not involving a public offering.


                                        20

<PAGE>



In December 2001 and January 2002 the Company issued 2,000 warrants to an entity
to purchase the Company's common stock at prices ranging from $9.60 to $1.50 per
share which warrants have since been cancelled.  Such issuances were pursuant to
the exemption provided in Section 4(2) of the Securities Act for transactions by
an issuer not involving a public offering.

In January 2002, the Company entered into a three-month consulting agreement
with an unrelated party for strategic and company development consulting in
exchange for $33,750 and 3,000 shares of common stock valued at $55,000.

In January 2002, the Company issued warrants to certain partners of AdServers
to purchase 2,000 shares of the Company's common stock at $24 per share,
expiring in 2005 for the completion of the software system to be the used to
sell the Company's products and services under the joint marketing agreement.
The fair market value of the warrants of $34,000 was recorded as an additional
capital contribution to AdServers.  As of December 31, 2002, the development
of the software system is still in the application stage, as defined by
SOP 98-1.  The value of the warrants is included in Equity Investment in the
accompanying balance sheets.

In April 2002, the Company amended the Registration Statement of Form S-8, filed
on December 4, 2001 with the Securities and Exchange Commission.  The Post-
Effective Registration Statement will register and issue into the existing 2001
Stock Option Plan an additional 40,000 shares.

In April 2002, the Company entered into a consulting agreement with an unrelated
party for introductions to European ISP companies and related due diligence for
a term of 6 months in exchange for a stock option to purchase 30,000 shares of
the Company's common stock at  $10 having a total fair value of $284,963.  The
stock option was immediately exercised as payment for a  $300,000 invoice
related to this agreement.  The Company has expensed the full $284,963 to
operations as of December 31, 2002.

In May 2002, the Company entered into a one year consulting agreement with an
unrelated party for business advisory services in exchange for the option to
purchase 2,500 shares of the Company's common stock at an exercise price of $10,
and having a fair value of $132,474.  The stock option was immediately
exercised as payment in full for a $25,000 invoice.  The transaction was
recorded as deferred consulting expense and will be amortized over the life
of the agreement.  The Company has expensed the full $132,474 to operations
as of December 31, 2002.

Also, in May 2002, the Company entered into a six-month consulting agreement
with a related party for accounting and SEC reporting services in exchange for
the option to purchase 1,500 shares of the Company's common stock at an
exercise price of $10, and having a fair value of $64,486.  The stock option
was immediately exercised.  The Company has expensed the full $64,486 to
operations as of December 31, 2002.


                                        21

<PAGE>



During June 2002, the Company entered into seven six-month consulting
agreements, one with a related party and the remaining six with unrelated
parties, in exchange for the options to purchase 38,500 shares of the Company's
common stock at exercise prices ranging from $10 to $20.  The stock options
were all exercised immediately.  The fair value of these option issuances
as of December 31, 2002.

On July 24, 2002, the Company issued 59,180 shares of common stock at $1.50
per share for extinguishment on $110,667 of related party notes payable and
accrued interest.  The stock issuance was valued at the fair market value on
the grant date.  The Company recorded a gain on the extinguishment of $21,897
during the year ended December 31, 2002.

During July 2002, the Company's Board of Directors authorized the creation of
25,000,000 shares of preferred stock, $.0001 par value per share.  As of
December 31, 2002, the Company had not issued any preferred stock.

During August 2002, the Company issued 3,000 shares of common stock at $3.30 per
share for a three-month consulting agreement.  The fair value of the issuance of
$9,900 was amortized over the life of the agreement.  The Company has expensed
the full $9,900 to operations as of December 31, 2002.

During October 2002, the Company issued 1,875,000 shares of common stock at
$1.01 per share, the fair value of the Company's trading common stock on the
grant date, for employment services to the Chief Executive Officer in
accordance with an employment agreement.  The Company expensed the full amount
of $1,893,750 during the year ended December 31, 2002.

Also during October 2002, the Company issued 500,000 options to purchase
500,000 shares of the Company's common stock to an unrelated party for a
twenty-four month consulting agreement.  The options were issued at an exercise
price of $.01, and having a fair value of $482,765.  The options were
immediately exercised.  The transaction has been recorded as a deferred
consulting expense and will be amortized over the life of the agreement.  As
of December 31, 2002, the Company has recorded a deferred consulting expense
of $37,500 and expensed $12,500 for amortization in relation to this agreement.
Additionally, the Company has recorded $432,765 for an impairment charge in
relation to this agreement since the total fair value of the options issued for
services was greater than the fair value of the services to be provided under
the respective agreement.

During November 2002 the Company issued 210,000 shares of common stock at $1.01,
the fair value on the grant date, to two unrelated parties for full payment of
consulting invoices.  The Company expensed the full amount of $212,100 during
the year ended December 31, 2002, which valued at the Company's closing price
on the grant date.



                                        22

<PAGE>



Also during November 2002, the Company issued 1,715,000 options to purchase
1,715,000 shares of the Company's common stock to various stockholders for
payment on consulting agreements ranging from twelve months to twenty-four
months.  The options were issued at exercise prices ranging from $.10 to $1.00,
and having a total fair value of approximately $1,616,550.  The options were
immediately exercised.  The transactions have been recorded as a deferred
consulting expense and will be amortized over the life of the agreements.  As
of December 31, 2002, the Company has recorded a deferred consulting expense
of $210,938 and expensed $109,063 for amortization in relation to this
agreement.  Additionally, the Company has recorded $1,296,550 for an impairment
charge in relation to these agreements since the total fair value of the
options issued for services was greater than the fair value of the services to
be provided under the respective agreement.

During December 2002 the Company issued 150,000 shares of common stock to an
unrelated party for cash based on a stock purchase agreement.  The issuance
was valued at $.01 per share, which was less than the fair market value of the
Company trading common stock on the grant date.

Also during December 2002, the Company issued 200,000 options to purchase
200,000 shares of the Company's common stock to a stockholder for payment on
a consulting agreement of twenty-four months.  The options were issued at an
exercise price of $.25, and having a fair value of approximately $48,278.  The
options were immediately exercised.  The transaction has been recorded as a
deferred consulting expense and will be amortized over the life of the
agreement.  As of December 31, 2002, the Company has recorded a deferred
consulting expense of $47,236 and expensed $1,042 for amortization in relation
to this agreement.

On July 25, 2002, the Board of Directors and a majority of shareholders of the
Company voted to effectuate a 100:1 reverse stock split of the Company's
currently issued and outstanding shares of common stock.  As a result of the
reverse split, 36,699,191 common shares were retired and replaced by 366,992
common shares.



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

The following discussion is intended to provide an analysis of our financial
condition and should be read in conjunction with our audited financial
statements and the related footnotes.  The matters discussed in this section
that are not historical or current facts deal with potential future
circumstances and developments.  Such forward-looking statements include, but
are not limited to, the development plans for our growth, trends in the
results of our development, anticipated development plans, operating expenses
and our anticipated capital requirements and capital resources.  Our actual
results could differ materially from the results discussed in the forward-
looking statements.


                                        23

<PAGE>



Overview
--------

The management of Trezac International Corporation endeavors to achieve a high
rate of capital growth by acquiring significant holdings in non-cyclical,
consumer businesses in Eastern Europe.  The members of its Board of Directors
will only consider the acquisition of companies that are fundamentally sound
and are valued at an intrinsic discount to the Directors' estimate of their
private market value.

Trezac's acquisition strategy is designed to create an independent agri-
industrial holding company in Moldova.  Moldova enjoys a favorable climate and
good farmland.  The country has no major mineral deposits.  As a result, the
economy depends heavily on agriculture, featuring fruits, vegetables, wine, and
tobacco.  Moldova must import all of its supplies of oil, coal, and natural
gas, largely from Russia.  Energy shortages contributed to sharp production
declines after the breakup of the Soviet Union in 1991. As part of an ambitious
reform effort, Moldova introduced a stable convertible currency, freed all
prices, stopped issuing preferential credits to state enterprises, backed
steady land privatization, removed export controls, and freed interest rates.

As the Company grows, managements' vision is to be involved in the production
and distribution of a significant portion of the country's line of staple
services and products.  This includes: food products, e.g., oats, grains and
livestock to breads, processed meats and poultry, to drinks such as fruit
juice, beer, wine and alcohol, to energy such as propane gas, to over-the-
counter medicines.  Trezac's products and services will most likely touch most
of the population throughout Moldova.

Management believes the key to success of the Company is a dedication to Western
business disciplines instead of the management style and systems that still are
used throughout much of Eastern Europe.  The Company plans to achieve economies-
of-scale by instituting modern management practices and consolidation at the
executive levels.  We plan to aggressively penetrate several market segments.
We have laid long-term plans to horizontally and vertically expand through
acquisition and joint venture.

Trezac is poised to become an acquisition parent company operating in the U.S.,
and Eastern Europe.  The Company works through banks, auditing firms and
investment banking groups to identify and acquire undervalued opportunities for
development and capitalization.  The focus in each acquisition is on building
sales, acquiring assets and positioning each subsidiary for sales to, or joint
venture with, key market leaders.

     i)  Trezac plans to take advantage of U.S. and Moldovian Government grants
and loans to grow its revenues and assets.

     ii) Trezac's soybean development in conjunction with its Modovian
acquisition is designed to enhance the nutrient feedstock value and derivative
products in Eastern Europe.

                                        24

<PAGE>



Proposed Acquisition Activity - Phase One 2003:

First Acquisition:  On January 22, 2003, the Company entered into a stock
purchase agreement with Millagro SRL, a Moldovian corporation and the
shareholders of Millagro.  The completion and closing of the Agreement is
subject to an audit of Millagro's revenues and assets for fiscal year 2002
and audited financial statements for Millagro fiscal year 2003 that meet
certain benchmarks.  Pursuant to the terms of the Agreement, the Company will
acquire all of the issued and outstanding shares of capital stock of Millagro
from the Millagro Shareholders in exchange for newly issued shares of the
Company's common stock valued in United States Dollars at two and a half (2.5)
times Millagro's audited cash revenues for fiscal year 2002. Millagro is a
leader in developing high-quality competitively-priced farm products and in
supplying them to growers.  The Company provides livestock farmers with well-
balanced nutritional feeds.  They also produce seeds of all types for
Moldova's farming community as well as customers throughout Eastern Europe.
Milagro's Research and Development facility works on agricultural growth,
breeding operations and government approval of new sorts of seeds, including
wheat, sunflower and grass cultivation.  As part of the Acquisition, at the
closing, the Company's Board of Directors will appoint Octavian Chiriac, and
Serguei Melnik as members of the Company's Board of Directors and Iurie
Bordian as Chief Financial Officer and a member of the Company's Board of
Directors.

Second Planned Acquisition:  A Moldovian corporation which produces its own
butane and propane.  This Company was established in December 1995 and is the
main importer and supplier of propane and butane gas in Northern Moldova.  Its
wholesale and retail customers include both corporate and residential
facilities.  Since Moldova does not produce its own butane and propane, this
company has contracts with Russia's main gas providers, including Gazprom,
Itera Group and LukOil, to distribute fuel to its customers.

Third Acquisition:  A Moldovian meat processing company.  Its brand name is
established throughout the region since the company was founded in 1904.  This
company had its largest growth boom when it was the main meat supplier for the
Soviet Army; it still is one of the main suppliers for the Russian military
forces.  This company is the largest processed meats company in Moldova and
also exports its branded meats throughout much of Europe.

Fourth Acquisition:  A Modovan bakery.  This Company is a main producer of
breads and other baked goods.  The company's products are also exported
throughout Europe to markets such as Germany, Israel and the Czech Republic.

Eastern Europe has significant agricultural production potential that can
significantly increase the European Union's output.  The combined GNP of
astern Europe's countries was less than 4% of that of the EU.  On the other
hand, Eastern Europe's agricultural areas is 45% of the EU's and, more
importantly, agricultural output is more than 30% of the entire EU.


                                        25

<PAGE>



FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002

Results of Operations.  During the fiscal year ended December 31, 2002, we had
limited operations, and therefore, we believe that a comparison of the results
of operations of the Company's predecessor for the fiscal year ended December
31, 2001 has limited value for evaluating trends or as a basis for predicting
future results.

The Company's financial statements for the year ended December 31, 2002 have
been prepared on a going concern basis, which contemplated the realization of
assets and the settlement of liabilities and commitments in the normal course
of business.  The Company has a net loss from operations of $8,372,068 versus
a net loss of $1,264,814 for the same period last year.  Since inception, we
had a negative cash flow from operating activities of $582,499, a working
capital deficiency of $452,461 and a stockholders' deficiency of $277,311.
Due to the net losses and negative cash flows from operating activities since
inception, the Company may not be able to meet such objectives as presently
structured.  These losses resulted primarily from initial research and
development costs associated with start-up operations, professional and
consulting fees, and the issuance of the Company's common stock for services.
(See Financial Footnote 10 "Going Concern.")

Even though we did not have any revenues for the year ended December 31, 2002,
we expect future revenue as we begin to develop and implement our acquisition
strategies, increase consumer understanding and awareness of our products and
implement our business model.  Our growth is significantly dependent upon our
ability to make acquisitions.  Our main priorities relating to revenue are:
(1) to develop market awareness of our products and services through our
strategic marketing plan, (2) to obtain customers, (3) to accomplish
technological economies of scale, and (4) to streamline and maximize
efficiencies in our system implementation model.

General and administrative costs.

General and administrative costs were $7,907,952 for the year ended December 31,
2002, as compared to $1,255,861 for the same period last year.  The costs were a
direct result of the development of the business model and continued increase
of professional and consulting fees.  With respect to stock-based compensation
of consultants and other non-employees, included in General and administrative
costs resulted in charges to operations of $7,103,937 and $401,869 for the
years ended December 31, 2002 and 2001.  The Company also had stock-based
compensation, a portion of which was recorded as capitalized prepaid consulting
fees of $303,171 and $101,970 as of December 31, 2002 and 2001 (See Financial
Footnote 3).

Interest expense was $600,106 and $12,960 for the years ended December 31, 2002
and 2001.


                                        26

<PAGE>



Liquidity and Capital Resources.

The Company had authorized 100,000,000 shares of $.0001 par value common stock.
In January 2002, the Board of Directors approved an amendment to the articles of
incorporation to increase the authorized shares of common stock from 100,000,000
to 500,000,000.

As of December 31, 2001, our current assets exceeded our current liabilities
by approximately $154,404.  As of December 31, 2002, our current liabilities
exceeded current assets by approximately $452,461.

We currently have no material commitments for capital requirements.  If we were
forced to purchase new equipment to replace the equipment we currently lease,
any new purchases would constitute a material capital commitment; however, we
are currently unable to quantify such amounts.  If this occurs, we will attempt
to raise the necessary finances to make such purchases, but there is no
assurance that we will be able to do so.  Without the ability to quantify these
amounts, we nonetheless believe that it would have a material impact on our
business and our ability to maintain our operations.

We are not aware of any material trend, event or capital commitment which would
potentially adversely affect liquidity.  In the event a material trend develops,
we believe that we will have sufficient funds available to satisfy working
capital needs through lines of credit and the funds expected from equity sales.

On January 31, 2002, the Company entered into a securities sale agreement with
a group of investors providing for the issuance of 12% secured convertible
debentures in the aggregate principal amount of $500,000 due January 31, 2003
at a conversion price calculated at the time of conversion for the aggregate
consideration of  $500,000 and warrants to purchase 10,000 shares of common
stock, exercisable at the lesser of $5.70 or the average of the lowest three
trading prices during the 20-day period prior to exercise, expiring January 31,
2005.  On January 31, 2002, the Company received $250,000 and issued warrants
to purchase 5,000 shares of common stock valued at $97,500 to be expensed as
loan fees over the length of the note.  All assets of the Company secure the
debentures.  Interest is payable on dates at the option of the holder.  We
closed our debenture offering in September, 2002.  The debentures are
convertible into shares of common stock at the lesser of $7.50 per share or 50%
of the market price of the Company's common stock for the average of the lowest
three trading prices during the 20-day period prior to conversion.

As of December 31, 2002, none of these debentures have been converted.  The
Company recorded $250,000 as interest expense for the beneficial conversion
feature related to the debentures issued on January 31, 2002.  The amounts
due in January 2003 were not repaid and the Company is currently working out
a payment plan with the group of investors to repay the convertible debentures.




                                        27

<PAGE>



In order to provide additional working capital and financing for the Company's
expansion, the Company entered into convertible debenture agreements with four
accredited investors ("the Purchasers") on May 31, 2002 whereby the Purchasers
acquired an aggregate of $50,000 of the Company's 15% Convertible Debentures,
due May 31, 2003.  As of December 31, 2002, none of these debentures have been
converted.  The Company issued warrants to purchase 980 common shares valued at
$33,296, to be expensed as loan fees over the length of the notes.  The warrants
are exercisable immediately, and have a life of three years.  The Company also
recorded $50,000 as interest expense for the beneficial conversion feature
related to these debentures.

The warrants issued in connection with the debentures are exercisable over
the next three years at variable exercise prices based upon the trading price
of the common stock at the time of exercise, which price may be adjusted from
time to time under certain anti-dilution provisions.  The shares of common stock
into which the debentures may be converted and the shares of common stock
issuable upon exercise of the warrants are being registered pursuant to a
registration statement.  Under Rule 144, these shares are restricted until
September, 2003, one year from when we closed the offering.

In order to provide additional working capital and financing for the Company's
expansion, the Company entered into convertible debenture agreements with four
accredited investors (the "Purchasers") on September 30, 2002 whereby the
Purchasers acquired an aggregate of $150,000 of the Company's 12% Convertible
Debentures, due September 30, 2003.  As of December 31, 2002, none of these
debentures have been converted.  The Company issued warrants to purchase 300,000
common shares valued at $1,642, to be expensed as loan fees over the length of
the notes.  The warrants are exercisable immediately, and have a life of three
years.  The Company recorded $150,000 as interest expense for the beneficial
conversion feature related these debentures for the three months ended September
30, 2002.

Our securities agreements with our debenture investors prohibits us from
entering into any financial arrangement which would involve the issuance of
common stock for a period of two years from the date this registration statement
becomes effective without offering a right of first refusal to the debenture
investors.

OTHER:

Except for historical information contained in this Report, the matters set
forth above are forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ from those in the
forward-looking statements.  Investors are directed to consider, among other
items, the risks and uncertainties discussed in documents filed by us with the
Securities and Exchange Commission.


                                        28

<PAGE>



ITEM 7.  FINANCIAL STATEMENTS











                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                        (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED FINANCIAL STATEMENTS
                            AS OF DECEMBER 31, 2002









                                        29

<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                        (A DEVELOPMENT STAGE COMPANY)


                                 CONTENTS
                                 --------

<TABLE>
<CAPTION>

CONTENTS


<S>             <C>

PAGE F-2        CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2002 AND 2001

PAGE F-3        CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED
                DECEMBER 31, 2002 AND 2001 AND FOR THE PERIOD FROM AUGUST 2,
                2000 (INCEPTION) TO DECEMBER 31, 2002

PAGES F-4-12    CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                (DEFICIENCY) FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION)
                TO DECEMBER 31, 2002

PAGES F-13-14   CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED
                DECEMBER 31, 2002 AND 2001 AND FOR THE PERIOD FROM
                AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002

PAGES F-15-38   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31,
                2002

</TABLE>

<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                        (A DEVELOPMENT STAGE COMPANY)
                         CONSOLIDATED BALANCE SHEETS
                         ---------------------------
<TABLE>
<CAPTION>
                                   ASSETS
                                   ------
                                                    December 31,  December 31,
                                                        2002          2001
                                                    ------------  ------------
<S>                                                 <C>           <C>
CURRENT ASSETS
 Deposits                                           $          -  $        250
 Employee receivables                                     43,751             -
 Deferred offering costs                                       -       320,000
 Prepaid expenses                                        339,820       108,970
                                                    ------------  ------------
   Total Current Assets                                  383,820       429,220

Equipment, net of accumulated depreciation                 7,532        10,239
Equity investment                                         42,115         8,115
Notes and interest receivable, related party             125,503        44,007
Other intangibles                                              -         6,999
                                                    ------------  ------------
TOTAL ASSETS                                        $    558,721  $    498,580
------------                                        ============  ============

              LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY
              -------------------------------------------------
CURRENT LIABILITIES
 Accounts payable                                   $    126,325  $     92,769
 Accrued expenses                                        126,124        76,002
 Convertible debentures                                  522,833             -
 Notes payable - related party                            60,750       106,045
                                                    ------------  ------------
   Total Current Liabilities                             836,032       274,816
Long-Term Debt - Related Party                                 -       100,000
                                                    ------------  ------------
TOTAL LIABILTIES                                         836,032       374,816
----------------                                    ------------  ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' (DEFICIENCY) EQUITY
 Common stock, $.0001 par value, 500,000,000 shares
  authorized, 5,025,233 and 184,180 shares issued
  and outstanding at December 31, 2002 and 2001,
  respectively                                               502            18
 Additional paid-in capital                           10,298,800     2,328,291
 Subscription receivable                                (540,000)     (540,000)
 Deficit accumulated during development stage        (10,036,613)   (1,664,545)
                                                    ------------  ------------
   Total Stockholders' (Deficiency) Equity              (277,311)      123,764
                                                    ------------  ------------
TOTAL LIABILTIES AND STOCKHOLDERS' (DEFICIENCY)
   EQUITY                                           $    558,721  $    498,580
-----------------------------------------------     ============  ============

</TABLE>

       See accompanying notes to consolidated financial statements.
                                    F-2

<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                        (A DEVELOPMENT STAGE COMPANY)
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                    -------------------------------------
<TABLE>
<CAPTION>

CONSOLIDATED STATEMENTS OF OPERATIONS

                               For the Year  For the Year  For the Period from
                                  Ended         Ended        August 2, 2000
                               December 31,  December 31,    (Inception) to
                                   2002          2001       December 31, 2002
                               ------------  ------------  -------------------
<S>                            <C>           <C>           <C>
REVENUE                        $          -  $          -  $                 -
                               ------------  ------------  -------------------

OPERATING EXPENSES
 General and administrative
   expense                        7,907,952     1,255,861            9,562,952
 Depreciation                         2,707         2,708                6,007
                               ------------  ------------  -------------------
   Total Operating Expenses       7,910,659     1,258,569            9,568,959
                               ------------  ------------  -------------------
LOSS FROM OPERATIONS             (7,910,659)   (1,258,569)          (9,568,959)
                               ------------  ------------  -------------------

OTHER INCOME (EXPENSE)
 Gain on extinguishments of debt     87,397             -               87,397
 Interest income                     51,300         9,856               61,156
 Interest expense                  (600,106)      (12,960)            (613,066)
 Loss on equity investment                -        (3,141)              (3,141)
                               ------------  ------------  -------------------
   Total Other Income (Expense)    (461,409)       (6,245)            (467,654)
                               ------------  ------------  -------------------
NET LOSS                       $ (8,372,068) $ (1,264,814) $       (10,036,613)
--------                       ============  ============  ===================

NET LOSS PER SHARE - BASIC AND
 DILUTED                       $      (7.83) $     (34.46) $            (19.66)
                               ============  ============  ===================

WEIGHTED AVERAGE SHARES
 OUTSTANDING - BASIC AND
 DILUTED                          1,068,743        36,701              510,456
                               ============  ============  ===================

</TABLE>
         See accompanying notes to consolidated financial statements.

                                      F-3
<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                        Deficit
                                                      Accumulated
                             Additional                 During
             Common Stock      Paid-In  Subscriptions Development
   Date     Shares   Amount    Capital    Receivable     Stage        Total
---------- --------  ------  -----------  ---------  ------------  -----------
<S>        <C>       <C>     <C>          <C>        <C>           <C>
Balance,
Aug 2,2000
                     $    -  $         -  $       -  $          -  $         -

Stock issued
for compensation
at $.10 per share
 9/5/2000   200,000    20.0       19,980          -             -       20,000

Sale of common
stock at $50
11/13/2000    4,550     0.5      227,500          -             -      227,500

Stock issued for
compensation at $.10
per share
12/22/2000  745,950    74.6       74,520          -             -       74,595

Effect of reverse
acquisition
           (950,000)  (95.1)          95          -             -            -

Effect of reverse
acquisition
              1,548     0.2           15          -             -           15

Effect of reverse
acquisition
              2,689     0.3           27          -             -           27

Net loss for the period
                  -       -            -          -      (399,731)    (399,731)
---------- --------  ------  -----------  ---------  ------------  -----------
Balance,
Dec 31, 2000
              4,236       0      322,137          -      (399,731)     (77,594)

        See accompanying notes to consolidated financial statements.

                                     F-4
<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------

Stock issued for
conversion of note
payable at $97
 3/20/2001      397       0       38,478          -             -       38,478

Stock issued for
services at $64
 3/20/2001    1,879     0.2      120,265          -             -      120,265

Stock assumed in
acquisition with
FCOM
 3/21/2001        -       -     (248,282)         -             -     (248,282)

Stock issued for services
at $11
 5/8/2001       531     0.1        5,844          -             -         5,844

Stock issued for services
at $21
 6/22/2001      250       0        5,250          -             -         5,250

Stock issued for services
at $16
 7/17/2001    1,313     0.1       21,000          -             -        21,000

Stock issued in lieu of
salary at $160
 7/17/2001    2,656     0.3      425,000          -             -       425,000

Stock issued for services
at $240
 7/23/2001      313       0       75,000          -             -       75,000

Stock issued for services
at $11
 7/23/2001      469       0        5,156          -             -        5,156

Stock issued to purchase
3,191.50 membership
interests in Ad Servers, LLC
at $9
 7/31/2001      250       0        2,250          -             -        2,250

</TABLE>
        See accompanying notes to consolidated financial statements.

                                     F-5
<PAGE>


                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                        Deficit
                                                      Accumulated
                             Additional                 During
             Common Stock      Paid-In  Subscriptions Development
   Date     Shares   Amount    Capital    Receivable     Stage        Total
---------- --------  ------  -----------  ---------  ------------  -----------
<S>        <C>       <C>     <C>          <C>        <C>           <C>
Stock issued to purchase
24,250 membership interests
in Ad Servers, LLC and
100% of OACI at $9
 7/31/2001      313       0        2,813          -             -        2,813

Stock based compensation
for investment in OACI
                  -       -        1,563          -             -        1,563

Stock options exercised at
$12 less escrow fees of
$1,756
  9/6/2001      625     0.1        5,744          -             -        5,744

Stock issued for services
at $1
  9/7/2001    1,250     0.1        1,250          -             -        1,250

Stock options exercised
at $5.6 less escrow fees
of $614
 9/17/2001      469       0        2,011          -             -        2,011

Stock options exercised
at $3.5 less escrow fees
of $614
 9/28/2001      750     0.1        2,011          -             -        2,011

Effect of reverse stock
split
 9/28/2001      127       0            1          -             -            1


        See accompanying notes to consolidated financial statements.

                                     F-6
<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------

Stock issued for services
at $9
10/10/2001   60,000     6.0      539,994   (540,000)            -            -

Stock issued for services
at $13
10/17/2001    2,500     0.3       32,500          -             -       32,500

Stock issued for services
at $13
10/19/2001   17,262     1.7      224,406          -             -      224,408

Stock options exercised at
$4 less escrow fees of $141
10/24/2001      150       0          459          -             -          459

Sale of common stock at
$4 less issuance costs of
$21,507
 11/6/2001   50,487     5.0      180,436          -             -      180,441

Stock issued for patent rights
at $7
 12/3/2001    1,000     0.1        7,000          -             -        7,000

Stock issued for services
at $7
 12/3/2001    9,400     0.9       65,799          -             -       65,800

Stock issued for services
at $16
 12/5/2001    1,400     0.1       22,400          -             -       22,400

Stock issued for deferred
offering costs at $7
12/20/2001   26,154     2.6      319,997          -             -      320,000

Stock based compensation
                  -       -      147,810          -             -      147,810
Net Loss
                  -       -            -          -    (1,264,814)  (1,264,814)
---------- --------  ------  -----------  ---------  ------------  -----------
Balance,
Dec 31, 2001
            184,180  $   18  $ 2,328,291  $(540,000) $ (1,664,545) $   123,764
</TABLE>
        See accompanying notes to consolidated financial statements.
                                      F-7
<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------

<TABLE>
<CAPTION>

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)

                                                        Deficit
                                                      Accumulated
                             Additional                 During
             Common Stock      Paid-In  Subscriptions Development
   Date     Shares   Amount    Capital    Receivable     Stage        Total
---------- --------  ------  -----------  ---------  ------------  -----------
<S>        <C>       <C>     <C>          <C>        <C>           <C>
Stock options exercised
for services at $54 less
escrow fees of $500
   1/15/02    1,500     0.2       80,500          -             -       80,500

Stock issued for services
at $23
    2/5/02    8,500     0.9      195,499          -             -      195,500

Sale of common stock at
$3 less issuance cost of
$7,449
    2/5/02   33,513     3.4      107,985          -             -      107,988

Stock issued for services
at $16
    3/5/02    2,000     0.2       32,000          -             -       32,000

Stock issued for services
at $17
    3/12/02   3,360     0.3       57,120          -             -       57,120

Stock based compensation
                  -       -      148,500          -             -      148,500

Stock options exercised
for services at $10
less escrow fees of $322
   4/30/02   32,500     3.3      324,675          -             -      324,678


        See accompanying notes to consolidated financial statements.

                                     F-8
<PAGE>


                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------


Stock issued for services
at $19
   4/30/02      500     0.1        9,495          -             -        9,495

Stock options exercised for
services at $10 less escrow
fees of $25
   5/17/02    2,500     0.3       24,975          -             -       24,975

Stock issued for services
at $54.5
   5/17/02      650     0.1       35,419          -             -       35,419

Stock options exercised for
services at $10 less escrow
fees of $15
   5/28/02    1,500     0.2       14,985          -             -       14,985

Stock options exercised for
services at $10 less escrow
fees of $109
   6/18/02   11,000     1.1      109,890          -             -      109,891

Stock options exercised for
services at $16 less escrow
fees of $110
   6/18/02   10,313     1.0      164,897          -             -      164,898

Stock options exercised for
services at $10 less escrow
fees of $25
   6/19/02    2,500     0.3       24,975          -             -       24,975

Stock options exercised for
services at $10 less escrow
fees of $49
   6/27/02    5,000     0.5       49,950          -             -       49,951

Stock options exercised for
services at $20 less escrow
fees of $49
   6/27/02    5,000     0.5       99,950          -             -       99,951

        See accompanying notes to consolidated financial statements.

                                     F-9
<PAGE>


                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------


Stock options issued for
services
                               3,358,307          -             -    3,358,307

Value of beneficial
conversion feature of
convertible debenture
                                 450,000          -             -      450,000

Warrants issued in
connection with equity
investment
                                  34,000                                34,000

Warrants issued with
convertible debenture
and stock issuances
                                  36,325          -             -       36,325

Stock options exercised for
services at $16 less escrow
fees of $30
    7/9/02     2,188    0.2       34,978          -             -       34,978

Stock issued for related
party note and interest
extinguishments at $1.5
   7/24/02    59,180    5.9       88,764          -             -       88,770

Stock issued for services
at $3.3
   8/19/02     3,000      -        9,900          -             -        9,900

Stock options issued for
services at $.01
    9/3/02     6,350      -           64          -             -           64

Stock issued for services
at $1.01
  10/11/02 1,875,000  187.5    1,893,563          -             -    1,893,750

</TABLE>

        See accompanying notes to consolidated financial statements.

                                      F-10
<PAGE>


                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------

<TABLE>
<CAPTION>

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)

                                                        Deficit
                                                      Accumulated
                             Additional                 During
             Common Stock      Paid-In  Subscriptions Development
   Date     Shares   Amount    Capital    Receivable     Stage        Total
---------- --------- ------  -----------  ---------  ------------  -----------
<S>        <C>       <C>     <C>          <C>        <C>           <C>


Stock options exercised
for services at $.01
  10/11/02   500,000   50.0        4,950          -             -        5,000

Stock issued for services
$1.01
  11/15/02   210,000   21.0      212,079          -             -      212,100

Stock options exercised
for services at $.01
  11/15/02    50,000    5.0          495          -             -          500

Stock options exercised
for services at $1.00
  11/15/02    15,000    1.5       14,999          -             -       15,000

Stock options exercised
for services at $.50
  11/19/02   150,000   15.0       74,985          -             -       75,000

Stock options exercised
for services at $.10
  11/19/02 1,000,000  100.0       99,900          -             -      100,000

Stock options exercised
for services at $.25
  11/19/02   500,000   50.0      124,950          -             -      125,000


        See accompanying notes to consolidated financial statements.

                                     F-11

<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
     CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY)
      FOR THE PERIOD FROM AUGUST 2, 2000 (INCEPTION) TO DECEMBER 31, 2002
      -------------------------------------------------------------------

Sale of stock for cash at
$.01 less issuing costs
of $28
  12/17/02   150,000   15.0        1,457          -             -        1,472

Stock options exercised for
services at $.25
  12/19/02   200,000   20.0       49,980          -             -       50,000

Net Loss                                          -    (8,372,068)  (8,372,068)
---------- --------- ------  -----------  ---------  ------------  -----------

BALANCE,
DEC 31, 2002
------------
           5,025,233 $  502  $10,298,800  $(540,000) $(10,036,613) $  (277,311)
           ========= ======  ===========  =========  ============  ===========

</TABLE>

        See accompanying notes to consolidated financial statements.
                                      F-12
<PAGE>

                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                    -------------------------------------
<TABLE>
<CAPTION>

                               For the Year  For the Year  For the Period from
                                  Ended         Ended        August 2, 2000
                               December 31,  December 31,    (Inception) to
                                   2002          2001       December 31, 2002
                               ------------  ------------  -------------------
<S>                            <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
 Net loss                      $ (8,372,068) $ (1,264,814) $       (10,036,613)
 Adjustments to reconcile net
  cash used in operating
  activities:
  Depreciation                        2,707         2,708                6,007
  Stock based compensation from
   warrants issued with
   convertible debentures and
   stock issuances                  184,825       147,810              332,635
  Stock and options issued for
   services                       7,103,937     1,003,873            8,202,405
  Write-off of deferred
   offering costs                   320,000             -              320,000
  Impairment of licensing fees        6,999             -                6,999
  Gain on extinguishments of debt   (87,397)            -              (87,397)
  Beneficial conversion feature
   of convertible debt              450,000             -              450,000
  Loss on equity investment               -         3,141                3,141
 Changes in assets and liabilities:
  Deposits and employee receivables (43,501)       (5,681)             (53,607)
  Prepaid expenses                 (230,850)     (108,970)            (339,820)
  Interest receivable               (49,093)            -              (49,093)
  Accounts payable                   71,153        (5,624)              72,902
  Accrued expenses                   60,789       (27,392)             136,793
                               ------------  ------------  -------------------
   Net Cash Used in Operating
    Activities                     (582,499)     (254,949)          (1,035,648)
                               ------------  ------------  -------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Equity investment                         -        (4,630)              (4,630)
Purchase of equipment                     -             -              (13,539)
Notes receivable - related party    (70,000)      (19,837)            (104,151)
                               ------------  ------------  -------------------
  Net Cash Used In Investing
   Activities                       (70,000)      (24,467)            (122,320)
                               ------------  ------------  -------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from/(payments of)
convertible debt                    522,833       (42,500)             480,333
Proceeds from notes payable and
line of credit                            -        29,803               29,803
Proceeds from notes payable -
related party                        60,750       100,000              160,750
Payments on notes payable -
related party                       (40,545)            -              (40,545)
Proceed from exercise of stock
options                                   -        13,350               13,350
Payment of stock option costs             -        (3,125)              (3,125)
Proceeds from sale of common
stock                               109,460       180,441              517,401
                               ------------  ------------  -------------------
  Net Cash Provided by
   Financing Activities             652,498       277,969            1,157,967
                               ------------  ------------  -------------------

NET INCREASE (DECREASE) IN CASH           -        (1,447)                   -

CASH - BEGINNING OF PERIOD                -         1,447                    -
                               ------------  ------------  -------------------

CASH - END OF PERIOD           $          -  $          -  $                 -
--------------------           ============  ============  ===================

</TABLE>

        See accompanying notes to consolidated financial statements.

                                      F-13
<PAGE>


                    TREZAC INTERNATIONAL CORPORATION, INC.
                                AND SUBSIDIARY
                          (F/K/A TREZAC CORPORATION)
                       (F/K/A MARKETCENTRAL.NET CORP.)
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                    -------------------------------------


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
-------------------------------------------------

Cash paid for interest                         $         0  $          0
                                               ===========  ============

Income taxes paid                              $         0  $          0
                                               ===========  ============


NON-CASH INVESTING AND FINANCING ACTIVITIES:
--------------------------------------------

During the year ended December 31, 2002, the Company issued warrants having a
fair value of $34,000 in connection with its equity investment in AdServers.

During the year ended December 31, 2002, the Company's note receivable-related
party was reduced by approximately $37,000 because the related party paid for
day-to-day business expenses on behalf of the Company.

The Company issued 59,180 shares of common stock for a $100,000 note payable
and $10,667 interest payable extinguishments to a stockholder during the year
ended December 31, 2002.  The shares were valued at $88,770, the fair market
value of the Company's trading common stock on the grant date.  The Company
recognized a gain on debt extinguishments of $21,897.




        See accompanying notes to consolidated financial statements.


                                      F-14
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF BUSINESS
------ -----------------------------------------------------------------
     (A) ORGANIZATION AND BUSINESS OPERATIONS
     ----------------------------------------

     Trezac  International  Corporation,  Inc. (formerly known as Trezac Corp.)
     (formerly   known  as  MarketCentral.net  Corp.)   (the   "Company")   was
     incorporated  in  the state of Texas on December 28, 1987.  The Company is
     in the development  stage,  as  defined  in Financial Accounting Standards
     Board  Statement No. 7.  The Company is a development  stage  provider  of
     products   and   services  that  enable  publishers,  advertisers,  direct
     marketers   and  promotional   merchants   to   market   products   and/or
     advertisements  to  Internet  Service  Providers  (ISP)  subscribers.  The
     Company offers advertisers capabilities for advert delivery, targeting and
     audience tracking

     (B) PRINCIPLES OF CONSOLIDATION
     -------------------------------

     The consolidated financial statements include the accounts  of the Company
     and  its  wholly  owned inactive subsidiary.  All significant intercompany
     balances and transactions have been eliminated in consolidation.

     (C) CASH AND CASH EQUIVALENTS
     -----------------------------

     Cash and cash equivalents  consist  primarily  of cash in banks and highly
     liquid investments with original maturities of 90 days or less.

     (D) DEFERRED OFFERING COSTS
     ---------------------------

     The Company has charged all previously capitalized deferred offering costs
     to expense during the year ended December 31, 2002.   This  resulted  in a
     $320,000 charge to operations for the year ended December 31, 2002.









                                      F-15
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

     (E) EQUITY INVESTMENT
     ---------------------

     The  Company  accounts  for  its  24%  investment  in AdServersOnline, LLC
     ("AdServers") under the equity method.

     In  August 2001, the Company entered into an asset purchase  agreement  to
     acquire 100% of Online Asset Courtesy, Inc. ("OACI"), whose only asset was
     24,250  units  of AdServers in exchange for 31,250 shares of the Company's
     common stock valued  at  $2,813 and a warrant to purchase 31,250 shares at
     $.10 for a period of three years valued at $1,563.  The warrant was valued
     at fair market value using  the  Black-Scholes pricing model.  Significant
     assumptions used were a risk-free interest rate of 4.04% and volatility of
     453%.  Also in August 2001, the Company  acquired  an  additional 3,191.50
     units of AdServers for 25,000 shares of the Company's common  stock valued
     at  $2,250.   The Company purchased 1,851.85 additional units in  December
     2001 for $4,630.

     In January 2002,  the  Company  issued  warrants  to  certain  partners of
     AdServers  to  purchase  200,000  shares of the Company's common stock  at
     $0.24  per share, expiring in 2005 for  the  completion  of  the  software
     system to  be  used  to sell the Company's products and services under the
     joint marketing agreement.   The  fair  market value of the warrants using
     the Black-Scholes pricing model of $34,000  was  recorded as an additional
     contribution of capital to AdServers.  Significant assumptions used were a
     risk-free interest rate of 4.50% and volatility of 413%.

     (F) EMPLOYEE RECEIVABLES
     ------------------------

     From  time  to time, the Company advances monies to  the  Chief  Executive
     Officer to cover  future  business  expenses.   The  receivables  are non-
     interest  bearing  and  the  Company  expects  to  either  have day-to-day
     expenses  paid  out  of these funds or receive these funds back  from  the
     Chief Executive Officer.

     (G) NOTES AND INTEREST RECEIVABLE, RELATED PARTY
     ------------------------------------------------

     From time to time during  2002  and  2001,  the  Company  loaned the Chief
     Executive  Officer  monies  at an interest rate of 8%.  The principal  and
     interest is due upon maturity,  which  is  five  years for all notes.  The
     interest  and notes have been included in Notes and  Interest  Receivable,
     Related Party  in  the  accompanying  balance sheets.  The loans were made
     prior to the Sarbanes Oxley Act of 2002.

                                      F-16
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


     (H) PROPERTY AND EQUIPMENT DEPRECIATION
     ---------------------------------------


     Property   and  equipment  are  recorded  at   cost   less   depreciation.
     Depreciation  is provided for on the straight-line method over five years,
     the estimated useful  life of the assets.  Depreciation expense was $2,707
     and $2,708 for the years ended December 31, 2002 and 2001, respectively.

     (I) FAIR VALUE OF FINANCIAL INSTRUMENTS
     ---------------------------------------

     The carrying amounts of  employee  receivables,  accounts payable, accrued
     expenses,  notes  payable  and  convertible  debt approximate  fair  value
     because of the short maturity of these items.

     (J) IMPAIRMENT OF LONG-LIVED ASSETS
     -----------------------------------

     The Company reviews long-lived assets for impairment  under  Statement  of
     Financial  Accounting Standards No. 144, "Accounting for the Impairment or
     Disposal of Long-Lived Assets."  Long-lived assets to be held and used are
     reviewed for  impairment  whenever  events  or  changes  in  circumstances
     indicate that the carrying amount of an asset may not be
     recoverable.  The carrying amount of a long-lived asset is not recoverable
     if it exceeds the sum  of  the undiscounted cash flows expected to result
     from the  use  and eventual disposition  of  the  asset.  Long-lived
     assets to be disposed of are reported at the lower of carrying  amount  or
     fair value less cost to sell.   During  the year ended December 31, 2002,
     the Company  determined that there were no long-lived assets that were
     impaired.











                                      F-17
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


     (K) INCOME TAXES
     ----------------

     The Company accounts  for  income  taxes  under  the  Financial Accounting
     Standards  Board  Statement  of  Financial  Accounting Standards  No.  109
     "Accounting  for Income Taxes" ("Statement 109").   Under  Statement  109,
     deferred tax assets  and  liabilities  are  recognized  for the future tax
     consequences  attributable to differences between the financial  statement
     carrying amounts  of  existing assets and liabilities and their respective
     tax bases.  Deferred tax assets and liabilities are measured using enacted
     tax rates expected to apply  to taxable income in the years in which those
     temporary differences are expected  to  be  recovered  or  settled.  Under
     Statement  109,  the  effect on deferred tax assets and liabilities  of  a
     change in tax rates is  recognized  in  income in the period that includes
     the enactment date.  Valuation allowances  are  established when necessary
     to reduce deferred tax assets to the amount expected to be realized.

     (L) LOSS PER COMMON SHARE
     -------------------------

     The Company computes earnings (loss) per common share  in  accordance with
     Statement  of Financial Accounting Standards No. 128, Earnings  Per  Share
     (SFAS No. 128).   The  Statement  requires  dual presentation of basic and
     diluted  EPS on the face of the income statement  for  all  entities  with
     complex capital  structures and requires a reconciliation of the numerator
     and  denominator of  the  basic  EPS  computation  to  the  numerator  and
     denominator  of  the  diluted  EPS  computation.   In  computing basic and
     diluted  loss per share for the years ended December 31,  2002  and  2001,
     common stock equivalents such as warrants and options were not included in
     the computation  of  weighted average shares because their inclusion would
     be anti-dilutive.

     (M) EMPLOYEE STOCK BASED COMPENSATION
     -------------------------------------

     The Company accounts for  employee  related stock-based compensation using
     the  intrinsic  value method prescribed  in  Accounting  Principles  Board
     Opinion No. 25, "Accounting  for  Stock  Issued  to Employees" and related
     Interpretations  and  elects  the  disclosure  option  of   SFAS  No.  123
     "Accounting for Stock-Based Compensation".  Accordingly, compensation cost
     for stock options is measured as the excess, if any, of the fair  value of
     the  Company's  stock at the date of the grant over the amount an employee
     must  pay  to  acquire   the   stock.   The  Company  also  records  stock
     compensation expense for any options  issued  to  non-employees  using the
     fair  value method prescribed in SFAS 123.  The Company did not issue  any
     options to employees during the years ended December 31, 2002 and 2001.

                                      F-18
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


     (N) COMMON STOCK SPLITS
     -----------------------

     The Board  of  Directors  declared  a  16:1  reverse stock split effective
     September 28, 2001 and a 100:1 reverse split effective July 25, 2002.  All
     per share amounts and number of shares outstanding  in  this  report  have
     been restated retroactively for the reverse stock split.

     (O) USE OF ESTIMATES
     --------------------

     In  preparing  the  financial  statements  in  conformity  with accounting
     principles generally accepted in the United States of America,  management
     is  required  to  make  estimates and assumptions that effect the reported
     amounts of assets and liabilities  and disclosure of contingent assets and
     liabilities  at  the date of the financial  statements  and  revenues  and
     expenses during the  reported  period.   Actual  results could differ from
     those estimates.

     (P) RECLASSIFICATION
     --------------------

     Certain  amounts reported in the Company's financial  statements  for  the
     year ended  December  31,  2001  have  been reclassified to conform to the
     current year presentation.

     (Q) RECENT ACCOUNTING PRONOUNCEMENTS
     ------------------------------------

     The Financial Accounting Standards Board  has  recently issued several new
     Statements of Financial Accounting Standards.

     Statement   No.   143   "Accounting  for  Asset  Retirement   Obligations"
     establishes  standards  for   the   initial   measurement  and  subsequent
     accounting for obligations associated with the sale, abandonment, or other
     type  of  disposal  of  long-lived  tangible  assets   arising   from  the
     acquisition, construction, or development and/or normal operation  of such
     assets.   SFAS No. 143 is effective for fiscal years beginning after  June
     15, 2002, with earlier application encouraged.

                                      F-19
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

(Q) RECENT ACCOUNTING PRONOUNCEMENTS (Continued)
     -------------------------------------------

     In August 2001,  the  FASB issued SFAS 144, "Accounting for the Impairment
     or Disposal of Long-Lived  Assets".   This  statement  addresses financial
     accounting  and  reporting  for the impairment or disposal  of  long-lived
     assets  and  supercedes  FASB  Statement  No.  121,  "Accounting  for  the
     Impairment of Long-Lived Assets  and  for Long-Lived Assets to be Disposed
     Of".   The  provisions  of  the  statement  are  effective  for  financial
     statements issued for the fiscal years beginning after December 15, 2001.

     In April 2002, the FASB issued SFAS 145, Rescission of FASB Statements No.
     4,  44,  and  64,  Amendment  of  FASB  Statement No.  13,  and  Technical
     Corrections.  SFAS 145 rescinds the provisions of SFAS No. 4 that requires
     companies  to classify  certain gains and losses from debt extinguishments
     as extraordinary items, eliminates the provisions of SFAS No. 44 regarding
     transition to the Motor Carrier Act of 1980 and amends  the  provisions of
     SFAS No. 13 to require that certain lease modifications be treated as sale
     leaseback transactions.  The provisions of SFAS 145 related to
     classification of debt extinguishments are effective for fiscal years
     beginning after May 15, 2002.  An earlier application was encouraged, the
     Company adopted SFAS 145 and  accordingly  has recorded the current year's
     gain on the extinguishment of debt in Other Income (Expense) in the
     accompanying Statements of Operations.

     In July 2002, the  FASB issued SFAS No. 146, "Accounting for Restructuring
     Costs."  SFAS 146 applies  to  costs  associated  with  an  exit  activity
     (including restructuring) or with a disposal of long-lived assets.   Those
     activities  can include eliminating or reducing product lines, terminating
     employees and  contracts  and  relocating  plant  facilities or personnel.
     Under SFAS 146, the Company will record a liability  for a cost associated
     with an exit or disposal activity when that liability  is incurred and can
     be measured at fair value.  SFAS 146 will require the Company  to disclose
     information about its exit and disposal activities, the related costs, and
     changes  in  those  costs in the notes to the interim and annual financial
     statements that include  the period in which an exit activity is initiated
     and in any subsequent period until the activity is completed.  SFAS 146 is
     effective prospectively for  exit  or  disposal activities initiated after
     December 31, 2002, with earlier adoption  encouraged.   Under  SFAS 146, a
     company cannot restate its previously issued financial statements  and the
     new  statement  grandfathers the accounting for liabilities that a company
     had previously recorded under Emerging Issues Task Force Issue 94-3.



                                      F-20
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

(Q) RECENT ACCOUNTING PRONOUNCEMENTS (Continued)
     -------------------------------------------

     In  December  2002,   the  Financial  Accounting  Standards  Board  issued
     Statement No. 148, "Accounting for Stock-Based Compensation-Transition and
     Disclosure - an amendment  of FASB Statement No. 123," ("SFAS 148").  SFAS
     148  amends  FASB  Statement  No.   123,   "Accounting   for  Stock  Based
     Compensation" ("SFAS 123") and provides alternative methods for accounting
     for  a  change  by registrants to the fair value method of accounting  for
     stock-based compensation.   Additionally,  SFAS  148 amends the disclosure
     requirements  of  SFAS  123  to  require  disclosure  in  the  significant
     accounting policy footnote of both annual and interim financial statements
     of the method of accounting for stock based-compensation  and  the related
     pro  forma  disclosures  when the intrinsic value method continues  to  be
     used.   The  statement  is effective  for  fiscal  years  beginning  after
     December 15, 2002, and disclosures  are  effective  for  the  first fiscal
     quarter beginning after December 15, 2002.

     Management does not expect the impact from these pronouncements  to have a
     material  impact  on  the  Company's  consolidated  financial  position or
     results of operations.


NOTE 2  ACQUISITION
------  -----------

     On  March  21,  2001, FCOM, a reporting shell company, was acquired by the
     Company.  The Company  exchanged  all of its issued and outstanding common
     stock, 741 A warrants and 741 B warrants  exercisable at $8.00 and $16.00,
     respectively for 1,548 shares of the Company's  common  stock and acquired
     in a separate transaction from the majority stockholders of the Company an
     additional  122,535  shares  of  common stock in exchange for  a  $325,000
     convertible debenture.  The convertible  debenture  was convertible at 60%
     of  the  average  market price of the Company's common stock  for  the  30
     preceding days at the  option  of  the debenture holder.  Immediately upon
     completion of the acquisition, the Company was relieved of $233,280 of the
     debt by releasing the shares to the  debenture  holders.   Due to the fact
     that following the acquisition, the stockholders of FCOM were  in  control
     of  the  combined  entity,  the acquisition is accounted for as though the
     Company is the accounting acquirer  and  the  acquisition  is treated as a
     recapitalization  of the Company for accounting purposes.  The  operations
     of the Company are included in the financial statements beginning on March
     21, 2001.  The Company assumed $248,282 in debt in the transaction and has
     recorded this as a reduction of additional paid in capital.



                                      F-21
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 3  PREPAID EXPENSES
------  ----------------

     As of December 31,  2002,  the  Company  recorded  a  deferred  consulting
     expense of $303,171 net of a valuation write-down charge of $2,077,865 and
     a  charge to operations for amortization of $1,131,546 for the year  ended
     December  31,  2002,  which  are  included  in  general and administrative
     expenses.  The deferred asset represents the deferred  portion of the fair
     value  of  stock  and options issued to consultants for services  that  is
     being expensed over  their  respective  lives.   The  valuation write-down
     charge  during the year ended December 31, 2002 was recorded  due  to  the
     fact that  the  total  fair  value  of the options issued for services was
     greater  than the fair value of the services  to  be  provided  under  the
     respective   agreements.   The  Company  will  continue  to  evaluate  the
     recoverability  of  the  unamortized  portion  of  the deferred consulting
     expense in subsequent periods.

     As of December 31, 2002, the Company has recorded $18,669  in prepaid loan
     fees.  Loan fees related to the Company's convertible debentures are being
     amortized  over  the life of the notes, which are one year.  Amortization,
     which is included  in  interest  expense in the accompanying statements of
     operations, related to these loan  fees,  was  $115,156 for the year ended
     December 31, 2002.

     Additionally,  prepaid expense as of December 31,  2002  contains  prepaid
     professional fees  of  $17,980,  which  will  be  applied  against  future
     invoices.

     Prepaid  expenses  as  of  December  31,  2001  was comprised primarily of
     prepaid consulting fees amounting to $101,970.










                                      F-22
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 4  NOTES AND INTEREST RECEIVABLE - RELATED PARTY
------  ---------------------------------------------

     As of December 31, 2002, the Company has entered into nine note agreements
     with an officer/stockholder aggregating approximately  $640,000,  of which
     $540,000  is  recorded  as  a  subscription receivable in the accompanying
     balance sheets and $66,554 remains unpaid at December 31, 2002.  The notes
     are unsecured, due at various dates during 2006 and 2007 and bear interest
     at 8% per annum with principal and  accrued interest due at maturity.  The
     Company has not loaned the officer/stockholder  any amounts since February
     2002  in accordance with the Sarbanes Oxley Act of  2002.   In  connection
     with the notes, the Company has recorded approximately $51,000 of interest
     income for the year ended December 31, 2002 in the accompanying statements
     of operations.  Accrued  interest receivable was $58,949 and $10,000 as of
     December 31, 2002 and 2001, respectively.


NOTE 5  NOTES PAYABLE - RELATED PARTY
------  -----------------------------

     The  Company  received loans  from  stockholders  aggregating  $60,750  on
     various dates during  the  year  ended  December  31, 2002.  The notes are
     unsecured, mature in forty-five days from issuance date, and bear interest
     at 8% per annum with principal and accrued interest  due at maturity.  The
     notes  were  not  repaid or extended at their maturity dates  and  are  in
     default as of December  31,  2002.  The Company is currently working out a
     payment plan with the stockholders to repay the notes.

     Interest expense for the related  party notes payable has been recorded by
     the  Company  and  is included in interest  expense  in  the  accompanying
     statements of operations.

     The  Company  also had  other  related  party  notes  payable  aggregating
     $206,045 as of  December  31,  2001.   Notes,  with  an aggregate value of
     $40,545,  were  repaid during the year ended December 31,  2002.   Another
     note, with a value of $65,500, was forgiven during the year ended December
     31, 2002 and has  been recorded as a gain on extinguishment of debt in the
     accompanying statement  of  operations.   Another  note,  with  a value of
     $100,000, was satisfied with a stock issuance (See Note 7).



                                      F-23
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 6  STOCK-BASED COMPENSATION
------  ------------------------

     The  Company  accounts  for  stock  based  compensation in accordance with
     Statement  of Financial Accounting Standards  No.  123,   "Accounting  for
     Stock-Based Compensation".  The standard requires the Company to adopt the
     "fair  value"   method   with   respect  to  stock-based  compensation  of
     consultants  and  other  non-employees,   which  resulted  in  charges  to
     operations of $7,103,937 and $401,869 for the  years  ended  December  31,
     2002  and  2001.  The Company also had stock-based compensation, a portion
     of which was  recorded  as capitalized prepaid consulting fees of $303,171
     and $101,970 as of December 31, 2002 and 2001 (See Note 3).  In estimating
     the value of the above stock-based  compensation,  the  Company  used  the
     Black-Scholes pricing model.  The average risk-free interest rate used was
     1.49%-4.75%,  volatility  was  estimated  at 261.96%-420.00%, the expected
     life was one year for the valuation of all options and warrants issued.

     The Company did not adopt the fair value method,  in  accordance with SFAS
     123,  with  respect  to  employee  related stock-based compensation.   The
     Company continues to account for these  under the "intrinsic value" method
     in accordance with APB 25.  During the years  ended  December 31, 2002 and
     2001, the Company did not issue any options to employees.



NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT
------  -----------------------------------------

     The Company had authorized 100,000,000 shares of $.0001  par  value common
     stock.   In January 2002, the Board of Directors approved an amendment  to
     the articles  of incorporation to increase the authorized shares of common
     stock from 100,000,000 to 500,000,000.

     On January 31,  2002, the Company entered into a securities sale agreement
     with a group of investors  providing  for  the  issuance  of  12%  secured
     convertible  debentures in the aggregate principal amount of $500,000  due
     January  31, 2003  at  a  conversion  price  calculated  at  the  time  of
     conversion  for  the  aggregate consideration of  $500,000 and warrants to
     purchase 10,000 shares of common stock, exercisable at the lesser of $5.70
     or the average of the lowest three trading prices during the 20-day period
     prior to exercise, expiring  January  31,  2005.  On January 31, 2002, the

                                      F-24
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     Company received $250,000 and issued warrants  to purchase 5,000 shares of
     common stock valued at $97,500 to be expensed as loan fees over the length
     of the note.  All assets of the Company secure the  debentures.   Interest
     is  payable  on  dates  at  the  option of the holder.  The debentures are
     convertible into shares of common  stock  at the lesser of $7.50 per share
     or 50% of the market price of the Company's  common  stock for the average
     of  the  lowest  three  trading prices during the 20-day period  prior  to
     conversion.  As of December  31,  2002, none of these debentures have been
     converted.  The Company recorded $250,000  as  interest  expense  for  the
     beneficial  conversion feature related to the debentures issued on January
     31, 2002.  The amounts due in January 2003 were not repaid and the Company
     is currently  working  out  a  payment plan with the group of investors to
     repay the convertible debentures.

     In  order to provide additional working  capital  and  financing  for  the
     Company's  expansion,  the  Company  entered  into  convertible  debenture
     agreements  with  four accredited investors ("the Purchasers") on May  31,
     2002 whereby the Purchasers  acquired  an  aggregate  of  $50,000  of  the
     Company's  15%  Convertible  Debentures, due May 31, 2003.  As of December
     31,  2002, none of these debentures  have  been  converted.   The  Company
     issued  warrants  to  purchase  980 common shares valued at $33,296, to be
     expensed as loan fees over the length  of  the  notes.   The  warrants are
     exercisable immediately, and have a life of three years.  The Company also
     recorded $50,000 as interest expense for the beneficial conversion feature
     related to these debentures.

     In  order  to  provide  additional  working capital and financing for  the
     Company's  expansion,  the  Company  entered  into  convertible  debenture
     agreements with four accredited investors  (the "Purchasers") on September
     30, 2002 whereby the Purchasers acquired an  aggregate  of $150,000 of the
     Company's  12%  Convertible  Debentures,  due September 30, 2003.   As  of
     December  31, 2002, none of these debentures  have  been  converted.   The
     Company issued  warrants  to  purchase  300,000  common  shares  valued at
     $1,642,  to  be  expensed as loan fees over the length of the notes.   The
     warrants are exercisable immediately, and have a life of three years.  The
     Company  recorded  $150,000   as   interest  expense  for  the  beneficial
     conversion feature related these debentures  for  the  three  months ended
     September 30, 2002.





                                      F-25
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     During   the  last  three  years,  the  Company  has  issued  unregistered
     securities  as  described  below.  None of these transactions involved any
     underwriters, underwriting discounts  or  commissions, except as specified
     below,  or  any  public  offering,  and  the Company  believes  that  each
     transaction  was  exempt  from  the  registration   requirements   of  the
     Securities  Act  of  1933 by virtue of Section 4(2) thereof, Regulation  D
     promulgated thereunder,  or  Regulation S where indicated.  All recipients
     had  adequate access, through their  relationship  with  the  Company,  to
     information  about  the  Company.   The  facts  relied  upon to make these
     exemptions  available  were  that  each of the issuances were  made  to  a
     limited number of parties that were accredited investors and each of these
     parties  were provided access to information  regarding  the  Company  or,
     through their  relationship  with the Company, were aware of the Company's
     activities.

     On or about September 14, 2000,  the  Company  issued  560  shares  of its
     common  stock  to  a related party for consulting services.  Such issuance
     was made pursuant to  the  exemption  provided  in  Section  4(2)  of  the
     Securities  Act  for  transactions  by  an  issuer  not involving a public
     offering.

     On  March  20, 2001, the Company issued an aggregate of  1,879  shares  of
     common stock  for consulting services valued at $64 per share representing

     $120,265 in services.   The  Company  issued  397  shares  of common stock
     valued at $97 per share representing a $38,478 note payable  converted  to
     common  stock  to several consultants.  Such issuance was made pursuant to
     the  exemption  provided  in  Section  4(2)  of  the  Securities  Act  for
     transactions by an issuer not involving a public offering.

     On March 21, 2001  the Company issued 1,548 shares of the Company's common
     stock in exchange for  all  of the issued and outstanding shares of common
     stock of FCOM and 741 A warrants  and 741 B Warrants to purchase shares of
     FCOM common stock.  Such issuances  were  made  pursuant  to the exemption
     provided  in  Section  4(2) of the Securities Act for transactions  by  an
     issuer not involving a public offering.

     On May 8, 2001 the Company issued 531 shares of the Company's common stock
     valued at $11 per share for $5,844 to several consultants in consideration
     for services rendered.   Such  issuances  were  pursuant  to the exemption
     provided  in  Section  4(2) of the Securities Act for transactions  by  an
     issuer not involving a public offering.


                                       F-26
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------
     On June 22, 2001 the Company  issued  250  shares  of the Company's common
     stock as compensation for services rendered valued at  $21  per  share  to
     several  consultants.   Such  issuances  were  pursuant  to  the exemption
     provided  in  Section  4(2) of the Securities Act for transactions  by  an
     issuer not involving a public offering.

     On  July  17, 2001 the Company  issued  1,313  and  2,656  shares  of  the
     Company's common stock valued at $16.00 per share and $160 per share to an
     unrelated party  in  consideration for consulting services rendered to the
     Company.  Such issuances  were  pursuant  to  the  exemption  provided  in
     Section  4(2)  of  the  Securities  Act  for transactions by an issuer not
     involving a public offering.

     On July 23, 2001, the Company issued 313 and  469  shares of the Company's
     common  stock  valued  at  $240  and  $11 per share for, respectively,  to
     consultants for services rendered to the  Company.   Such  issuances  were
     made  pursuant to the exemption provided in Section 4(2) of the Securities
     Act for transactions by an issuer not involving a public offering.

     On July  31,  2001,  the Company issued 250 shares of the Company's common
     stock to a related party  valued  at  $9  per  share, to purchase 3,191.50
     membership interests in the related party.  The  Company  also  issued 313
     shares  of  the  Company's common stock valued at $9 per share to purchase
     24,250 membership  units in the related party and 100% of a second related
     party.  Such issuances  were pursuant to the exemption provided in Section
     4(2) of the Securities Act  for  transactions by an issuer not involving a
     public offering.

     On September 6, 2001, the Company  issued  625  shares  of  the  Company's
     common  stock  upon  the  exercise  of outstanding options by an unrelated
     party,  which  were  exercised  at $12 per  share.   Such  issuances  were
     pursuant to the exemption provided  in  Section 4(2) of the Securities Act
     for transactions by an issuer not involving a public offering.

     On  September  7,  2001,  the Company issued 1,250 shares of the Company's
     common stock valued at $1 for  services  rendered  by several consultants.
     Such issuances were pursuant to the exemption provided  in Section 4(2) of
     the  Securities Act for transactions by an issuer not involving  a  public
     offering.




                                      F-27
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     On September  17,  2001,  the  Company  issued 469 shares of the Company's
     common stock upon the exercise of outstanding options which were exercised
     at  $5  per share by an unrelated party and  on  September  28,  2001  the
     Company issued  750 shares of the Company's common stock upon the exercise
     of outstanding options by an unrelated party which were exercised at $3.50
     per share.  Such  issuances  were  pursuant  to  the exemption provided in
     Section  4(2)  of the Securities Act for transactions  by  an  issuer  not
     involving a public offering.

     Also in September,  the  Company  approved  a  reverse  stock split of the
     Company's common stock at the rate of 16 to 1 for stockholders  of  record
     on  September 27, 2001.  In connection with the reverse split, the Company
     issued  127  shares  of  common  stock in order to prevent the issuance of
     fractional shares.

     On October 10, 2001, the Company issued  60,000  shares  of  the Company's
     common stock to the Company's Chief Executive Officer, valued  at $.90 per
     share  in exchange for a promissory note in the amount of $540,000.   Such
     issuance  was  pursuant  to  the exemption provided in Section 4(2) of the
     Securities Act for transactions  by  an  issuer  not  involving  a  public
     offering.

     On October 12, 2001, the Company executed a stock purchase agreement  with
     an  unrelated  party,  pursuant  to which the Company may sell to offshore
     investors, up to 84,000 shares of  the  Company's restricted common stock.
     Pursuant to the stock purchase agreement,  the  Company  agreed to sell to
     purchasers in an offshore transaction which was negotiated  outside of the
     United States and consummated outside of the United States shares  of  the
     Company's  restricted common stock at a purchase price equal to 40% of the
     reported bid  price  of  the  Company's  common stock as quoted on the OTC
     Bulletin Board for the five trading days preceding  the  date of purchase.
     As  of  March  15,  2002,  the  Company  has issued 84,000 shares  of  the
     Company's common stock to investors designated  by  the unrelated party at
     prices  ranging  from $3.20 to $5.00 per share. Such issuances  were  made
     pursuant to the exemption provided in Regulation S of the Securities Act.

     On October 17, 2001  and  February  5,  2002, the Company issued 2,500 and
     8,500 shares to a related party of the Company's  common  stock  valued at
     $13 and $23 per share, respectively, as compensation for services rendered
     to the Company.  Such issuances were pursuant to the exemption provided in
     Section  4(2)  of  the  Securities  Act  for transactions by an issuer not
     involving a public offering.

                                     F-28
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     On  October  17,  2001, the Company issued a  three-year  warrant  to  one
     individual  to  purchase  5,000  shares  of  the  Company's  common  stock
     exercisable at 120%  of  the  closing bid of the Company's common stock on
     October 16, 2001, $1.00 per share.   Such  issuance  was  pursuant  to the
     exemption  provided in Section 4(2) of the Securities Act for transactions
     by an issuer not involving a public offering.
     On October 19,  2001,  the  Company  issued 17,262 shares of the Company's
     common stock upon the conversion of outstanding debt by a related party in
     the  aggregate amount of $224,408.  Such  issuance  was  pursuant  to  the
     exemption  provided in Section 4(2) of the Securities Act for transactions
     by an issuer not involving a public offering.

     On October 19,  2001  the  Company  issued  a  three  year  warrant to one
     individual  to  purchase  300,000  shares  of  the Company's common  stock
     exercisable at $14.00 per share and on October 24, 2001 the Company issued
     warrants  to  two  individuals  to  purchase,  pursuant  to  a  consulting
     agreement, an aggregate of 100,000 shares of the  Company's  common  stock
     exercisable  at  $14.00  per  share.   Such issuances were pursuant to the
     exemption provided in Section 4(2) of the  Securities Act for transactions
     by an issuer not involving a public offering.

     On October 24, 2001, the Company issued 150 shares of the Company's common
     stock  upon the exercise of outstanding options  by  an  unrelated  party,
     which were  exercised  at  $4.00 per share.  Such issuance was pursuant to
     the  exemption  provided  in  Section  4(2)  of  the  Securities  Act  for
     transactions by an issuer not involving a public offering.

     On November 8, 2001, the Company  issued  a  warrant  to one individual to
     purchase 10,000 shares of the Company's common stock at  an exercise price
     of  $1.00  per  share.   Such  issuances  were  pursuant  to the exemption
     provided  in  Section  4(2) of the Securities Act for transactions  by  an
     issuer not involving a public offering.

     On December 3, 2001, the  Company  issued  1,000  shares  of the Company's
     common stock to AdServersOnline for patent rights valued at  $7,000.  Such
     issuances were made pursuant to the exemption provided in Section  4(2) of
     the  Securities  Act  for transactions by an issuer not involving a public
     offering.

     On December 3, 2001, the Company issued 9,400 shares of common stock to an
     unrelated party valued  at  $7  per  share  for  services  rendered to the
     Company.  Such issuances were made pursuant to the exemption  provided  in
     Section  4(2)  of  the  Securities  Act  for transactions by an issuer not
     involving a public offering.

                                     F-29
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     On December 20, 2001, the Company issued 26,154  shares  of  the Company's
     common stock valued at $320,000 to several companies for deferred offering
     costs  related  to  an  investment  agreement.   Such issuances were  made
     pursuant to the exemption provided in

     Section 4(2)  of  the Securities Act for transactions by an issuer not
     involving a public offering.

     In December 2001 and January 2002 the Company issued 2,000  warrants to an
     entity to purchase the Company's common stock at prices ranging from $9.60
     to  $1.50  per  share  which  warrants  have  since been cancelled.   Such
     issuances were pursuant to the exemption provided  in  Section 4(2) of the
     Securities  Act  for  transactions  by  an issuer not involving  a  public
     offering.

     In  January  2002,  the  Company  entered into  a  three-month  consulting
     agreement with an unrelated party for  strategic  and  company development
     consulting in exchange for $33,750 and 3,000 shares of common stock valued
     at $55,000.

     In  January  2002,  the  Company  issued warrants to certain  partners  of
     AdServers to purchase 2,000 shares  of  the  Company's common stock at $24
     per share, expiring in 2005 for the completion  of  the software system to
     be the used to sell the Company's products and services  under  the  joint
     marketing agreement.  The fair market value of the warrants of $34,000 was
     recorded  as  an  additional  capital  contribution  to  AdServers.  As of
     December 31, 2002, the development of the software system  is still in the
     application stage, as defined by SOP 98-1.  The value of the  warrants  is
     included in Equity Investment in the accompanying balance sheets.

     In April 2002, the Company amended the Registration Statement of Form S-8,
     filed  on  December  4,  2001 with the Securities and Exchange Commission.
     The Post-Effective Registration Statement will register and issue into the
     existing 2001 Stock Option Plan an additional 40,000 shares.

     In April 2002, the Company  entered  into  a  consulting agreement with an
     unrelated party for introductions to European ISP  companies  and  related
     due  diligence  for  a term of 6 months in exchange for a stock option  to
     purchase 30,000 shares  of  the  Company's  common  stock at  $10 having a
     total fair value of $284,963.  The stock option was immediately  exercised
     as payment for a  $300,000 invoice related to this agreement.  The Company
     has expensed the full $284,963 to operations as of December 31, 2002.

                                     F-30
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------


     In May 2002, the Company entered into a one year consulting agreement with
     an  unrelated  party  for  business advisory services in exchange for  the
     option to purchase 2,500 shares  of  the  Company's  common  stock  at  an
     exercise  price  of  $10,  and having a fair value of $132,474.  The stock
     option was immediately exercised as payment in full for a $25,000 invoice.
     The transaction was recorded  as  deferred  consulting expense and will be
     amortized over the life of the agreement.  The  Company  has  expensed the
     full $132,474 to operations as of December 31, 2002.

     Also,  in  May  2002,  the  Company  entered  into  a six-month consulting
     agreement with a related party for accounting and SEC  reporting  services
     in  exchange  for  the  option  to  purchase 1,500 shares of the Company's
     common stock at an exercise price of  $10,  and  having  a  fair  value of
     $64,486.   The  stock  option was immediately exercised.  The Company  has
     expensed the full $64,486 to operations as of December 31, 2002.

     During June 2002, the Company  entered  into  seven  six-month  consulting
     agreements,  one with a related party and the remaining six with unrelated
     parties, in exchange  for  the  options  to  purchase 38,500 shares of the
     Company's common stock at exercise prices ranging  from  $10  to $20.  The
     stock  options  were  all exercised immediately.  The fair value of  these
     option issuances totaled  $724,349.   The  Company  has  expensed the full
     $724,349 to operations as of December 31, 2002.

     On  July  24,  2002, the Company issued 59,180 shares of common  stock  at
     $1.50 per share  for  extinguishment  on  $110,667  of related party notes
     payable and accrued interest.  The stock issuance was  valued  at the fair
     market  value  on  the  grant  date.   The Company recorded a gain on  the
     extinguishment of $21,897 during the year ended December 31, 2002.

     During July 2002, the Company's Board of Directors authorized the creation
     of 25,000,000 shares of preferred stock,  $.0001  par value per share.  As
     of December 31, 2002, the Company had not issued any preferred stock.

     During August 2002, the Company issued 3,000 shares  of  common  stock  at
     $3.30 per share for a three-month consulting agreement.  The fair value of
     the  issuance of $9,900 was amortized over the life of the agreement.  The
     Company  has  expensed  the  full  $9,900 to operations as of December 31,
     2002.


                                      F-31
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     During October 2002, the Company issued  1,875,000  shares of common stock
     at $1.01 per share, the fair value of the Company's trading  common  stock
     on  the grant date, for employment services to the Chief Executive Officer
     in accordance with an employment agreement.  The Company expensed the full
     amount of $1,893,750 during the year ended December 31, 2002.

     Also  during  October 2002, the Company issued 500,000 options to purchase
     500,000 shares  of  the Company's common stock to an unrelated party for a
     twenty-four month consulting  agreement.   The  options  were issued at an
     exercise price of $.01, and having a fair value of $482,765.   The options
     were  immediately  exercised.   The  transaction  has  been recorded as  a
     deferred  consulting expense and will be amortized over the  life  of  the
     agreement.   As  of December 31, 2002, the Company has recorded a deferred
     consulting expense  of  $37,500  and  expensed $12,500 for amortization in
     relation  to  this  agreement.  Additionally,  the  Company  has  recorded
     $432,765 for an impairment  charge in relation to
     this agreement since the total fair value of the options  issued  for
     services was greater than the fair value of the services to be provided
     under the respective agreement.

     During November 2002 the Company issued 210,000  shares of common stock at
     $1.01, the fair value on the grant date, to two unrelated parties for full
     payment of consulting invoices.  The Company expensed  the  full amount of
     $212,100  during  the  year ended December 31, 2002, which valued  at  the
     Company's closing price on the grant date.
     Also  during  November 2002,  the  Company  issued  1,715,000  options  to
     purchase 1,715,000  shares  of  the  Company's  common  stock  to  various
     stockholders  for  payment  on  consulting  agreements ranging from twelve
     months to twenty-four months.  The options were  issued at exercise prices
     ranging from $.10 to $1.00, and having a total fair value of approximately
     $1,616,550.   The  options were immediately exercised.   The  transactions
     have been recorded as  a deferred consulting expense and will be amortized
     over the life of the agreements.  As of December 31, 2002, the Company has
     recorded a deferred consulting  expense  of $210,938 and expensed $109,063
     for amortization in relation to this agreement.  Additionally, the Company
     has recorded $1,296,550 for an impairment  charge  in  relation  to  these
     agreements  since  the total fair value of the options issued for services
     was greater than the  fair  value of the services to be provided under the
     respective agreement.


                                      F-32
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 7  STOCKHOLDERS' EQUITY AND CONVERTIBLE DEBT (Continued)
------  -----------------------------------------------------

     During December 2002 the Company  issued 150,000 shares of common stock to
     an unrelated party for cash based on  a  stock  purchase  agreement.   The
     issuance was valued at $.01 per share, which was less than the fair market
     value of the Company trading common stock on the grant date.

     Also  during December 2002, the Company issued 200,000 options to purchase
     200,000  shares of the Company's common stock to a stockholder for payment
     on a consulting  agreement of twenty-four months.  The options were issued
     at an exercise price  of  $.25,  and  having a fair value of approximately
     $48,278.  The options were immediately  exercised.   The  transaction  has
     been  recorded as a deferred consulting expense and will be amortized over
     the life  of  the  agreement.   As  of  December 31, 2002, the Company has
     recorded a deferred consulting expense of  $47,236 and expensed $1,042 for
     amortization in relation to this agreement.

     On July 25, 2002, the Board of Directors and a majority of shareholders of
     the  Company  voted  to  effectuate a 100:1 reverse  stock  split  of  the
     Company's currently issued  and  outstanding shares of common stock.  As a
     result of the reverse split, 36,699,191  common  shares  were  retired and
     replaced by 366,992 common shares.

     All  shares  and  per  share  amounts have been retroactively restated  to
     reflect this transaction.


NOTE 8 COMMITMENTS AND CONTINGENCIES
------ -----------------------------

     (A) ASSET ACQUISITION
     ---------------------


     On  May 6, 2001, the Company entered into an asset purchase agreement with
     a  Panamanian   corporation  ("the  Seller").   Under  the  terms  of  the
     agreement, the Company  purchased  the  sole  assets  of  the Seller.  The
     assets  of  the  Seller  included  Uniform  Record Locator (URL),  Website
     including HTML, Java, JavaScript, Graphics in both SOURCE and WEB formats,
     Operating  object  code  in  Flash for the CasusCards.com  system,  System
     Documentation, and Business Plans and Marketing Plans.  The purchase price
     for the assets was $100,000 to  be paid as restricted common shares of the
     Company.  The Company and the Seller have since cancelled the agreement.

                                      F-33
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 8 COMMITMENTS AND CONTINGENCIES (Continued)
------ -----------------------------------------

     (B) LICENSE AGREEMENT
     ---------------------


     On May 7, 2002, the Company entered  into  a  new license agreement with a
     Costa Rican corporation.  Based on the terms of  the  agreement, the Costa
     Rican  corporation,  at the direction of its directors, will  license  the
     Company  to utilize certain  proprietary  technology  in  connection  with
     another corporation  and  associated  services.   The Company will have an
     exclusive license for one year, and nonexclusive rights  for an additional
     seven  years to represent the other corporation.  The parties  agree  that
     for full consideration for the license a nonrefundable operating fee shall
     be payable  to  the Company directed by the Costa Rican corporation on the
     basis of revenue from the other corporation's operations.  The purchase of
     the license will  be made with 1,000 common shares of the Company's common
     stock delivered as  restricted under rule 144 as full payment.  Management
     will value the license fee and the stock at $50,000 each.  The license fee
     shall be equal to 0.5%  of  the  gross  revenue  of  the other corporation
     generated by all USA based merchants during the first  year  and  0.25% of
     the  gross  revenue during the subsequent seven years.  As of December  1,
     2002, no stock  has been issued nor were any services performed under this
     agreement.

     In relation to the above new license agreement, the Company entered into a
     one year consulting  agreement  with  a  consultant.  The agreement became
     effective on May 8, 2002.  the consultant  agreed  to  monitor  the  other
     corporation's  operations at the Company's head offices, provide oversight
     of all business  operations  that  involve  the  Company's  clients in the
     United  States,  and  provide  the  other corporation's expertise  to  the
     Company  as  required  when liaisoning with  the  Company's  clients  with
     respect  to  the  other  corporation's   products   and   services.    The
     consideration  for  this  consulting  agreement was the option to purchase
     2,500 shares of the Company's common stock.



                                      F-34
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 8 COMMITMENTS AND CONTINGENCIES (Continued)
------ -----------------------------------------

     (C) INVESTMENT AGREEMENT
     ------------------------

     In December 2001, the Company entered into an investment agreement to sell
     up to 65,000,000 shares of the Company's  common stock having an aggregate
     purchase price of $10,000,000 over a four-year  period  beginning  upon  a
     registration  statement being declared effective.  The Company decides the
     number of shares  to  sell  during  a  10-day  period  each  quarter.  The
     purchase  price of the shares is subject to certain limitations  based  on
     the market  price  and  trading volume of the Company's common stock.  The
     Company paid a placement  fee and an advisory fee equal to 5% to the sales
     purchase amounts.  The Company  issued  865,384  shares  of  common  stock
     valued  at  $112,500  as  an  advisory fee, 288,461 shares of common stock
     valued at $37,500 as a commitment  fee,  1,153,846  shares of common stock
     valued at $150,000 as a placement fee and 307,692 shares  of  common stock
     valued  at  $20,000 for legal fees.  These fees were recorded as  deferred
     offering costs as of December 31, 2001.

     During the year  ended  December 31, 2002, the Company recorded a $320,000
     charge to operations related  to  these  fees  since  the  sale  was never
     completed and the agreement was terminated.

     (D) JOINT MARKETING AGREEMENT
     -----------------------------

     In  July  2001  the Company entered into a joint marketing agreement  with
     AdServers  to act  as  the  non-exclusive  sales  representative  for  the
     Company's products  and  services  for  a period of three years and may be
     automatically renewed for successive one-year  periods.  The Company shall
     pay commissions of 20% or 50% on net revenues generated  from  the sale of
     the Company's non-primary and primary products and services, respectively.
     Since  no  revenues  have  been  generated  through December 31, 2002,  no
     commissions have been paid.








                                      F-35
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 8 COMMITMENTS AND CONTINGENCIES (Continued)
------ -----------------------------------------

     (E) STOCK SALE AGREEMENT
     ------------------------

     In October 2001, the Company entered into a stock  sale  agreement with an
     international  company  to sell up to 84,000 restricted shares  of  common
     stock.  The Company also  agreed  to issue three-year warrants to purchase
     50,000 shares of common stock at 120%  of  the  closing bid price prior to
     the date funding is received for every $50,000 funded.   During  the  year
     ended  December  31,  2001, the Company sold 50,487 shares of common stock
     for $180,441 and issued  150,000 warrants.  During the year ended December
     31, 2002, the Company sold  33,513  shares  of  common stock for $107,988.
     Additionally,  the  Company  issued  3,360  shares  of  common  stock  for
     consulting  fees  related  to this agreement valued at $57,120  and  fully
     expensed during the year ended December 31, 2002 to operations.

     (F) LITIGATION
     --------------

     During November 2001, a complaint  was  filed  in  the  District  Court of
     Denver  County,  Colorado  against  the Company and certain other parties.
     The complaint has alleged, among other things, that the defendants induced
     the plaintiff to invest the sum of $50,000.00  through  a  series of false
     statements  and  omissions of material facts.  The complaint alleges  that
     the defendants' actions  constitute  statutory  and  common-law  fraud and
     concealment,  as  well  as  negligent  misrepresentation.  The Company  is
     vigorously contesting this complaint and believes the complaint is without
     merit.  Resolution is not expected to occur  quickly  and thus the outcome
     cannot presently be predicted.  It is the opinion of management  that  the
     ultimate  resolution  of  this  complaint  will  not materially affect the
     Company's consolidated financial position and, therefore  has not recorded
     a  contingent  liability  in  the  accompanying financial statements.   In
     connection  with  the  complaint,  the  Company   asserted  a  third-party
     complaint  against  one  of  the other defendants in the  Denver  District
     Court.   The  defendant  counterclaimed,   asserting   claims  for  unpaid
     compensation  and  breach of contract (among other claims).   The  Company
     moved to stay the litigation  and  to have the Denver District Court order
     the parties to arbitration.  The Denver  District  Court denied the Motion
     to Stay and Ordered the parties to Trial.  The Company  has since appealed
     the  Order  to  Trial.     The  Company  is  vigorously  contesting   this
     counterclaim  and  believes the counterclaim is without merit.  Resolution
     is not expected to occur  quickly and thus the outcome cannot presently be

                                      F-36
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------

NOTE 8 COMMITMENTS AND CONTINGENCIES (Continued)
------ -----------------------------------------

     predicted.  It is the opinion  of  management that the ultimate resolution
     of this counterclaim will not materially affect the Company's consolidated
     financial position and, therefore has  not recorded a contingent liability
     in the accompanying financial statements.

     During March 2002, a third party filed a complaint against the Company, in
     the Arapahoe County District Court.  After  service  of the complaint, the
     Company and the plaintiff settled the litigation.  In  connection with the
     settlement, the Company has recorded $40,000 to operations during the year
     ended December 31, 2002.



NOTE 9  LINE OF CREDIT
------  --------------


     The Company had a $5,000 revolving line of credit with a  bank  during the
     year ended December 31, 2002 and 2001.  As of December 31, 2002,  the line
     of credit was canceled and all amounts were paid to the bank.



NOTE 10  GOING CONCERN
-------  -------------


     The  Company's  financial statements for the year ended December 31,  2002
     have been prepared  on  a  going  concern  basis,  which  contemplated the
     realization of assets and the settlement of liabilities and commitments in
     the normal course of business.  The Company has a net loss from operations
     of  $8,372,068  since  inception,  a  negative  cash  flow  from operating
     activities  of  $582,499, a working capital deficiency of $452,461  and  a
     stockholders' deficiency  of $277,311.  Due to the net losses and negative
     cash flows from operating activities  since inception, the Company may not
     be able to meet such objectives as presently structured.  The consolidated
     financial statements do not include any adjustments that might result from
     the outcome of this uncertainty.

                                      F-37
<PAGE>

            TREZAC INTERNATIONAL CORPORATION, INC. AND SUBSIDIARY
                         (F/K/A TREZAC CORPORATION)
                      (F/K/A MARKETCENTRAL.NET CORP.)
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           AS OF DECEMBER 31, 2002
                           -----------------------


NOTE 11  SUBSEQUENT EVENTS
-------  -----------------

     On January 22, 2003,  the  Company entered into a  Stock Purchase Agreement
     ("the Agreement")  with  Millagro SRL,  a  company  doing business  in  the
     Republic of Moldova, ("the acquiree") whereby the Company will acquire 100%
     of the  ownership interests in the acquiree for a total consideration given
     by Trezac of  $8,250,000.   The consideration will be paid by the Company's
     issuance  of  Rule 144  restricted shares of  common stock on the effective
     date of  the agreement.  Generally accepted  accounting  principles  in the
     United States of America require that the company whose shareholders retain
     a majority interest in a business  combination be  treated as the  acquirer
     for accounting purposes.   As a result of the exchange,  Millagro SRL  will
     become the majority shareholder and accordingly the accounting acquirer and
     the transaction will be treated as a reverse acquisition and
     recapitalization of Millagro SRL.

     In  February  2003,  the Company  entered  into  two  separate Officer  and
     Director Agreements with the  Chief Executive Officer and a Director of the
     Company.  The agreements have terms of three years commencing on January 9,
     2003.   The agreements require  the  Company to pay to the  Chief Executive
     Officer and the Director  2,108,781 and  1,917,074 common shares restricted
     under Rule 144, respectively,  upon the completed  acquisition of  Millagro
     SRL.   Additionally,  the agreements  require the  Company to pay the Chief
     Executive Officer $150,000 for each of the three years and pay the Director
     $110,000 for each of the three years.


                                      F-38

<PAGE>




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

     On January 25, 2002 the Company dismissed Rogoff & Company, located in New
York, as the Company's principal accountant and engaged A.J. Robbins, P.C., as
its principal independent accountant to audit the financial statements of the
Company for the year ended December 31, 2001.

     The reports of Rogoff & Company on the Company's financial statements for
the years ended December 31, 1999 and 2000 did not contain an adverse opinion or
a disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting  principles.

     The decision to change accountants was approved by the Company's Board of
Directors on January 25, 2002.  The Board of Directors determined that the
Company's auditing needs could be handled by A.J. Robbins, P.C., as efficiently
and more economically compared to the former accounting firm.

     During the years ended December 31, 1999 and 2000, there were no
disagreements with Rogoff & Company on any matter of accounting principles or
practices, financial statement, disclosures or audit scope or procedure, which
disagreements if not resolved to the satisfaction of Rogoff & Company would have
caused them to make reference thereto in their reports on the financial
statements for such periods.

     On August 9, 2002, the Company filed a Current Report on Form 8-K that
they received a letter of resignation from A.J. Robbins, P.C., its principal
independent accountant.

     In July 2002, the Company verbally ended the relationship with AJ. Robbins,
principally, as a result of the moving of the Company's corporate offices to
Florida.  AJ. Robbins accepted the termination at that time, and prepared a
draft of its letter to the SEC acknowledging the termination for review by the
Company and its attorneys.

     On October 4, 2002, the Company filed a Current Report on Form 8-K that
we engaged Weinberg & Company, PA, as its independent public accountants.


                                        30

<PAGE>



                                    PART III


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

     Our directors and executive officers are as follows:


Name                   Age                         Title
-------------          ----  ------------------------------------------------

Paul R. Taylor        44     Chairman, President, Secretary and Treasurer
Esper Gullatt, Jr.    49     Director


     Our directors holds office until the next annual meeting of our
stockholders or until their successors are duly elected and qualified.  Our
executive officers serve at the pleasure of the Board of Directors.  Set forth
below is a summary description of the principal occupation and business
experience of our director and  executive officer for at least the last five
years.


WORK BACKGROUND
---------------

Paul Taylor - Chairman, Chief Executive Officer, Secretary and Treasurer

Paul Taylor has served as our Chairman, Chief Executive Officer, Secretary, and
Treasurer since April 2000.  Since August 2000 Mr. Taylor has also served as a
director of FCOM, Inc. From 1999 through 2000, Mr. Taylor worked for a venture
capital firm in New York, E-nginuty LLC and from 1998 through 1999 worked for
Traughtman Wasserman and Co., a New York broker-dealer.  From 1995 to 1998, Mr.
Taylor co-founded Hyde Park Advisors and served as a principal of Hyde Parks
Advisors a NASDAQ member, broker dealer affiliate of Regency Capital Partners.
From 1993 to 1995, Mr. Taylor served as a Senior Vice President of W. J. Nolan
and Company; a New York based Bond Brokerage House.  From 1990 to 1993, Mr.
Taylor co-founded the BGL Offshore Fund.

On February 12, 2003, the Company entered into an Officer and Director
Agreement with Mr. Taylor, to serve as Chairman and Chief Executive office for
a three year term commencing January 9, 2003.  (See Exhibit 10.25 "Officer and
Director Agreement.")



                                        31

<PAGE>



Esper Gullant, Jr. - Director

Esper Gullant, Jr. was appointed a Director in the Company on January 9, 2003.
Mr. Gullatt shall oversee and direct all activities related to the Auditing and
Accounting processes of the Holding Company, as well as oversight of all
Auditing and Accounting processes in the Company's subsidiaries.  Mr. Gullatt,
has served as a consultant to the Company since July, 2001.  On January 9, 2003,
he was appointed Director of the Company.  For the period from October, 2000
through July, 2001, Mr. Gullatt worked for FCOM providing business development
services.  From March 1999 through October 2000, Mr. Gullatt worked for Telecom
Wireless Corporation as Executive Vice President Business Operations.  From July
1998 to March, 1999 Mr. Gullatt served as the Chief Executive Officer for
Capstone Group Corporation located in Englewood Colorado and he served as the
Chief Financial Officer for Data Cellular Computer Solutions from October 1995
through July, 1998.

In February, 2002, the Company entered into an agreement with Esper Gullatt, Jr.
for a twelve month period whereby Mr. Gullatt's responsibilities include
providing consulting services related to the financial preparation of
MarketCentral.net Corp and/or our subsidiaries.  For his services the Company
agreed to issue to Mr. Gullatt a fee of 750,000 restricted shares of its common
stock.  On February 12, 2003, the Company entered into an Officer and Director
Agreement with Mr. Gullant, for a three year term commencing January 9, 2003.
(See Exhibit 10.26 "Officer and Director Agreement.")



INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

We are not aware of any material legal proceedings that have occurred within
the past five years concerning any director, director nominee, or control
person which involved a criminal conviction, a pending criminal proceeding, a
pending or concluded administrative or civil proceeding limiting one's
participation in the securities or banking  industries, or a finding of
securities or commodities law violations.





                                        32

<PAGE>



ITEM 10.  EXECUTIVE COMPENSATION

Summary Compensation Table

The following table sets forth summary information concerning compensation
awarded to, earned by or paid to Paul Taylor, our Chairman and Chief Executive
Officer, for the year ended December 31, 2002.  The "named executive officer"
received perquisites and other personal benefits in addition to salary and bonus
during the periods stated. Our president did not receive a salary and cash bonus
in excess of $100,000 for services rendered during those fiscal years.

<TABLE>
<CAPTION>


                           SUMMARY COMPENSATION TABLE
                             Long-Term Compensation
                          -----------------------------
          Annual Compensation                 Awards        Payouts
        ---------------------                 ------        -------
Name and                               Restricted
Principal                              Stock
Position(s)        Year     Salary($)  Bonus($)  Other($)  Awards(#  shares)
                                              Compensation
<S>                <C>       <C>                 <C>
Paul Taylor        2002      $125,000            6,000,000(*)
Esper Gullatt, Jr. 2003             -


</TABLE>


(*) Pursuant to Mr. Taylor's employment agreement, Mr. Taylor agreed to purchase
6,000,000 pre-split September 16, 2002 shares of our restricted common stock at
the purchase price of $0.09 per share for which payment we accepted a five year
promissory note.


OPTION GRANTS IN FISCAL YEAR 2002

We have not granted any options to our officers or directors to purchase
shares of our common stock for the fiscal year ended December 31, 2002.




                                        33

<PAGE>



EMPLOYMENT AGREEMENTS

Paul Taylor
-----------

On February 12, 2003, we entered into an employment agreement to retain the
services of Paul R. Taylor to serve as our chairman for a term of three years.
Pursuant to the agreement we have agreed to pay Mr. Taylor a base salary of
$150,000 per year cash payable in installments according to the Company's
regular payroll schedule.   Mr. Taylor shall have irrevocable eligibility for
annual increases of the base salary to a maximum of 5% per year, but not
decreases, at the discretion of the Board.  Mr. Taylor's annual bonus is equal
to maximum of 500% of the Chairman's annual salary at the discretion of the
Board.  Also pursuant to the employment agreement, Mr. Taylor is scheduled to
receive 2,108,781 common shares restricted under rule 144 upon the completed
acquisition of Millagro SRL.  The Company agrees to compensate Taylor with
common stock upon any subsequent acquisitions to a maximum of 10% of each
acquisition price when paid in stock, or stock to the value of a maximum of 10%
in each occurrence if acquisition is paid for in cash.

As part of the Employment Agreement with Mr. Taylor, the Company has agreed to
provide Mr. Taylor with director's and officer's insurance of up to $10,000,000
which insurance we have not yet obtained. Included in the agreement, Mr. Taylor
has executed a confidentiality and a non-compete clause for the term of his
employment.


Esper Gullatt, Jr.
------------------

On February 12, 2003, we entered into an employment agreement to retain the
services of Esper Gullatt, Jr. to serve as a Director of our Company for a term
of three years commencing on January 9, 2003.  Pursuant to the agreement we have
agreed to pay Mr. Gullatt a base salary of $110,000 per year cash payable in
installments according to the Company's regular payroll schedule.   Mr. Gullatt
shall have irrevocable eligibility for annual increases of the base salary to a
maximum of 3% per year, but not decreases, at the discretion of the Board.  Mr.
Gullatt 's annual bonus is equal to maximum of 400% of the annual salary at the
discretion of the Board.  Also pursuant to the employment agreement, Mr. Gullatt
is scheduled to receive 1,917,074 common shares restricted under rule 144 upon
the completed acquisition of Millagro SRL.  The Company agrees to compensate
Gullatt with common stock upon any subsequent acquisitions to a maximum of 6% of
each acquisition price when paid in stock, or stock to the value of a maximum of
6% in each occurrence if acquisition is paid for in cash.

As part of the Employment Agreement with Mr. Gullatt, the Company has agreed to
provide Mr. Gullatt with director's and officer's insurance of up to $10,000,000
which insurance we have not yet obtained. Included in the agreement, Mr. Gullatt
has executed a confidentiality and a non-compete clause for the term of his
employment.


                                        34

<PAGE>



STOCK PLANS

     Effective March 17, 2003 we adopted a 2003 stock option plan ("Plan") to
provide a means of non-cash remuneration to selected eligible participants who
contribute most to our operating progress and earning power. Pursuant to the
Plan, we have a total number of 10,000,000 shares of our common stock reserved
for issuance either directly as stock awards or as shares of common stock
underlying options granted.  The Plan will terminate on November 26, 2005.  On
March 17, 2003, we registered the shares of our common stock which underlie our
Plan on a Form S-8 registration statement.


ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information as of the date of this
Report regarding the beneficial ownership of our common stock held by each
of our executive officers and directors, individually and as a group and by each
person who beneficially owns in excess of five percent of the common stock.

The number of shares of common stock beneficially owned by each person or
entity is determined under the rules promulgated by the SEC.  Under those rules,
beneficial ownership includes any shares as to which the person or entity has
sole or shared voting power or investment power and shares which that person or
entity has the right to acquire within sixty days after March 14, 2003.  The
inclusion in this section of any shares deemed beneficially owned does not
constitute an admission by that person of beneficial ownership of those shares.

<TABLE>
<CAPTION>
                             Number of shares of           Percent of
                             common stock                  common stock
                             beneficially                  beneficially
Name of                      owned or right                owned or right
Beneficial Owner             to direct vote(1)             to direct vote (1)
---------------------        -----------------------       ------------------
<S>                              <C>                          <C>
Paul Taylor(2)(3)                1,875,326(3)                 62.9%
CEO, Chairman
Appointed April, 2000

Z3 Limited(4)                      500,000                    16.8%

Esper Gullatt, Jr.(5)              101,253                     3.4%
Director
Appointed January, 2003
                                -----------------------------------
Totals:                          2,476,579                    83.1%

All officers and directors       1,976,579(2)                 66.3%
as a group (2 persons)
______________________

</TABLE>
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<PAGE>



(1)   Such figures are based upon 2,977,039 shares of our common stock
outstanding as of March 14, 2003.  Except as otherwise noted in these
footnotes, the nature of beneficial ownership for shares reported in this
table is sole voting and investment power.

(2)  Office:  20500 Meeting Street, Boca Raton, Florida  33434

(3)   Mr. Taylor was issued 1,875,000 on October 11, 2002, for services rendered
to Trezac Corp.  Prior to October 11, 2002, Mr. Taylor directly owned 62,271
shares of Common Stock which were issued to Mr. Taylor in connection with the
issuance of a promissory note from Mr. Taylor and the Plan of Reorganization
and Acquisition in December 2000.  Such figure includes 163 shares owned by Mr.
Taylor's wife and 163 owned by Mr. Taylor's child in connection with the Plan
or Reorganization and Acquisition entered in December 2000.  This number does
include 2,108,781 shares Mr. Taylor is scheduled to receive pursuant to the
completion of the acquisition of Millagro SRL.

(4)  Apartado 10455-1000, San Jose, Costa Rica, Adriana Quiros, President.

(5)  Office:  20500 Meeting Street, Boca Raton, Florida  33434.  This number
does not include 1,979 shares owned by Rosalind Gullatt.  This number
does include 1,917,074 shares Mr. Gullatt is scheduled to receive pursuant to
the completion of the acquisition of Millagro SRL.



ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

We obtained a demand loan from one of our stockholders, Frank Evanshen, in
the amount of $37,500 on August 9, 2000, and in the amount of $28,000 on
November 7, 2000.  The notes bear interest at the Chase Prime Rate plus 1% per
annum. Unpaid principal after the due/demand date will accrue interest at
10% per annum. As of March 15, 2002 the principal amount and interest for such
loans remain outstanding.

We paid indirect compensation to Roy Spectorman, our former President, in
the amount of $9,000 per month, by virtue of a management services agreement
with New Horizons Assets Management Corp., a former consultant to us, of which
Mr. Spectorman is the president and beneficial owner.  We also utilized a
portion of the business facilities, computers, telephone and office supplies
of New Horizons Asset Management Corp.

Pursuant to his original employment agreement, Mr. Taylor, our Chairman agreed
to purchase 6,000,000 pre-split September 16, 2002 shares of our restricted
common stock from us at the purchase price of $0.09 per share for which payment
we accepted a five year promissory for $540,000 at an annual interest rate of
3%.


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<PAGE>



In January, 2001, FCOM, Inc. entered into a convertible debenture with our
former chief financial officer, Michael Hudson. Mr. Hudson was terminated on
February 6, 2002.  Pursuant to the debenture, FCOM, was to repay Mr. Hudson
$25,000 by February 1, 2002 plus interest calculated at the rate of 18%. Such
debenture was convertible into shares of Northstar Network Corp. had we
completed a contemplated merger with Northstar. The principal of such debenture
has not yet been repaid by FCOM and remains outstanding.

In February, 2001, FCOM, Inc. borrowed $100,000 from its consultant Esper
Gullatt, Jr. due on February 27, 2007 with interest payment at the rate of 5%
per annum.

On June 28, 2001, AdserversOnline issued to Zachary Taylor, the minor son
of Paul Taylor, was issued 1.5 membership units of AdserversOnline and Esper
Gullatt, a former executive of FCOM, Inc., was issued 1.5 membership units of
AdserversOnline.

As of December 31, 2002, the Company has entered into nine note agreements with
an officer/stockholder aggregating approximately $640,000, of which $540,000 is
recorded as a subscription receivable in the accompanying balance sheets and
$66,554 remains unpaid at December 31, 2002.  The notes are unsecured, due at
various dates during 2006 and 2007 and bear interest at 8% per annum with
principal and accrued interest due at maturity.  The Company has not loaned the
officer/stockholder any amounts since February 2002 in accordance with the
Sarbanes Oxley Act of 2002.  In connection with the notes, the Company has
recorded approximately $51,000 of interest income for the year ended December
31, 2002 in the accompanying statements of operations.  Accrued interest
receivable was $58,949 and $10,000 as of December 31, 2002 and 2001,
respectively.  (See Financial Footnote 4, "Notes and Interest Receivable-Related
Party.")

The Company received loans from stockholders aggregating $60,750 on various
dates during the year ended December 31, 2002.  The notes are unsecured, mature
in forty-five days from issuance date, and bear interest at 8% per annum with
principal and accrued interest due at maturity.  The notes were not repaid or
extended at their maturity dates and are in default as of December 31, 2002.
The Company is currently working out a payment plan with the stockholders to
repay the notes.

Interest expense for the related party notes payable has been recorded by the
Company and is included in interest expense in the accompanying statements of
operations.

The Company also had other related party notes payable aggregating $206,045 as
of December 31, 2001.  Notes, with an aggregate value of $40,545, were repaid
during the year ended December 31, 2002.  Another note, with a value of $65,500,
was forgiven during the year ended December 31, 2002 and has been recorded as a
gain on extinguishment of debt in the accompanying statement of operations.
Another note, with a value of $100,000, was satisfied with a stock issuance (See
Financial Footnotes 5 and 7).

                                        37

<PAGE>



                                    PART IV

ITEM  13.  EXHIBITS AND REPORTS ON FORM 8-K

     (a) The following documents are filed as part of this Annual Report on Form
10-KSB:

(1)  Financial Statements

(2)  Exhibits


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

3.0   Articles of Amendment for MarketCentral.net Corp. (a Texas corporation)
filed with the Commission on April 28, 1999 as Exhibit 2.0 to the Company's Form
10SB12G (File No. 000-25891)

3.1   Articles of Amendment to the Articles of Incorporation: All American
Consultant Aircraft, Inc. filed with the Commission on April 28, 1999 as Exhibit
2.1 to the Company's Form 10SB12G (File No. 000-25891)

3.2   Articles of Incorporation: Great American Leasing, Inc. filed with the
Commission  on April 28, 1999 as Exhibit 2.2 to the Company's Form 10SB12G (File
No.  000-25891)

3.3   By-Laws filed with the Commission on April 28, 1999 as Exhibit 2.3 to
the  Company's Form 10SB12G (File No. 000-25891)

3.4   Articles of Incorporation of MarketCentral.Net Corp. (a Delaware
corporation, filed with the Commission on April 28, 1999 as Exhibit 2.4 to the
Company's Form 10SB12G (File No. 000-25891)

3.5.   2002 Stock Option Plan filed as Exhibit 2.0 to the Company's Form S-8
filed with the Commission on December 4, 2001 (File  No.  333-74466)

10.1  Form of Stock Purchase Agreement entered into by and among, Trezac
Corporation, Millagro SRL and the Shareholders of Millagro SRL, made as of
the 22nd day of January, 2003.

10.1   Plan of Reorganization and Acquisition between MarketCentral.net Corp.
and FCOM Inc., filed as Exhibit 2.2 to the Company's Form 10KSB (File No.
000-25891) as filed with the Commission on April 2, 2001

10.13   Form of Investment Agreement between the Company, Dutchess Private
Equities Fund, LP and PLJ Limited, LLP dated December 10, 2001

10.14   Form of Registration Rights Agreement dated December  10, 2001
between the Company, and Dutchess Private Equities Fund and PLJ Limited, LLP

                                        38

<PAGE>



10.15   Form of Escrow Agreement dated December 10, 2001, between the Company
and May Davis Group, Inc.

10.16   Marketing Agreement between the Company and Adserversonline, LLC dated
July 18, 2001 filed as an exhibit to the Company's Form SB2 filed
with the Commission on March 18, 2002 and incorporated by reference herein.

10.17   Asset Purchase Agreement dated August 9, 2001 between the Company
and Computer Hardware Corporation filed as an exhibit to the Company's Form
SB2 filed with the Commission on March 18, 2002 and incorporated by reference
herein.

10.18   Consulting Agreement dated January 31, 2002 between The N.I.R. Group,
LLC and the Company filed as an exhibit to the Company's Form SB2  filed
with the Commission on March 18, 2002 and incorporated by reference herein.

10.19   Form of Securities Purchase Agreement dated January 31, 2002 between
AJW  Partners, LLC, New Millennium Capital Partners II, LLC, AJW/New Millennium
Offshore, LTD and Pegasus Capital Partners, LLC and the Company filed as Exhibit
10.2 to the Company's Form 8K filed with the Commission on February 7, 2002
(File No. 000-25891)

10.20   Form of Stock Purchase Warrant dated January 31, 2002 between AJW
Partners, LLC, New Millennium Capital Partners II, LLC, AJW/New Millennium
Offshore, LTD and Pegasus Capital Partners, LLC and the Company filed as Exhibit
10.3 to the Company's Form 8K filed with the Commission on February 7, 2002
(File No. 000-25891)

10.21   Form of Secured Convertible Debenture dated January 31, 2002 AJW
Partners, LLC, New Millennium Capital Partners II, LLC, AJW/New Millennium
Offshore, LTD and Pegasus Capital Partners, LLC and the Company filed as Exhibit
10.4 to the Company's Form 8K filed with the Commission on February 7, 2002
(File No. 000-25891)

10.22   Form of Registration Rights Agreement dated January 31, 2002 between
AJW  Partners, LLC, New Millennium Capital Partners II, LLC, AJW/New Millennium
Offshore, LTD and Pegasus Capital Partners, LLC and the Company filed as Exhibit
10.6 to the Company's Form 8K filed with the Commission on February 7, 2002
(File No. 000-25891)

10.23   Security Agreement dated January 31, 2002 between AJW Partners, LLC,
New  Millennium Capital Partners II, LLC, AJW/New Millennium Offshore, LTD and
Pegasus Capital Partners, LLC and the Company filed as Exhibit 10.5 to the
Company's Form 8K filed with the Commission on February 7, 2002 (File No.
000-25891)

10.24   Agreement dated March 6, 2002 between the Company and Atlantis
Investments Limited filed as an exhibit to the Company's Form SB2 filed
with the Commission on March 18, 2002 and incorporated by reference herein.


                                        39

<PAGE>



10.25   Employment Agreement dated February 12, 2003, between the Company and
Paul Taylor.  (Filed herewith.)

10.26   Employment Agreement dated February 12, 2003, between the Company and
Esper Gullatt, Jr.  (Filed herewith.)

23.1   Consent of Weinberg & Company, PA (Filed herewith.)

99.2   Certification of Chief Executive Officer (Filed herewith.)


(b) Reports on Form 8-K

The Company filed a Current Report dated January 2, 2002, pursuant to Item 1
("Changes in Control of Registrant").

The Company filed a Current Report dated January 25, 2002, pursuant to Item 4
("Changes in Registrant's Certifying Accountants").  (See Item 8 above entitled
"Changes in and Disagreements with Accountants and Accounting and Financial
Disclosure.")

The Company filed a Current Report dated January 31, 2002, pursuant to Item 5
("Other Events"); and Item 7 ("Exhibits") entitled "Securities Purchase
Agreements."

The Company filed a Current Report dated August 9, 2002, pursuant to Item 4
("Changes in Registrant's Certifying Accountants"), entitled "Resignation of
Public Accountant; and Item 7 ("Exhibit") entitled "Letter of Resignation".
(See Item 8 above entitled "Changes in and Disagreements with Accountants and
Accounting and Financial Disclosure.")

The Company filed a Current Report dated October 4, 2002, pursuant to Item 4
("Changes in Registrant's Certifying Accountants"), entitled engagement of
Weinberg & Company, PA, as its independent public accountants.  (See Item 8
above entitled "Changes in and Disagreements with Accountants and Accounting
and Financial Disclosure.")

Subsequent Reports:

The Company filed a Current Report dated January 22, 2003, pursuant to Item 2
("Acquisition or Disposition of Assets"), entitled "Acquisition of Millagro
SRL;" and, Item 7. ("Exhibits"), entitled "Stock Purchase Agreement."

On February 12, 2003, the Company amended its Current Report dated August 9,
2002, pursuant to Item 4 ("Changes in Registrant's Certifying Accountants"),
entitled "rescinding the termination of its Certifying Accountant."  (See
Item 8 above entitled "Changes in and Disagreements with Accountants and
Accounting and Financial Disclosure.")

The Company filed a Current Report dated March 5, 2002, pursuant to Item 9
("Regulation FD Disclosure"), a Press Release entitled "Trezac Retains Merchant
Banker to Close Asset Backed Financing."

                                        40
<PAGE>



ITEM 14.  CONTROL AND PROCEDURES

The Company's Chief Executive Officer and Chief Financial Officer have
concluded, based on an evaluation conducted within 90 days prior to the filing
date of this Annual Report on Form 10- KSB, that the Company's disclosure
controls and procedures have functioned effectively so as to provide those
officers the information necessary whether:

                  (i) this Annual Report on Form 10-KSB  contains any untrue
                  statement of a material fact or omits to state a material
                  fact necessary to make the statements made, in light of the
                  circumstances under which such statements were made, not
                  misleading with respect to the period  covered by this
                  Annual Report on Form 10-KSB, and

                  (ii) the financial statements, and other financial
                  information included in this Annual Report on Form 10-KSB,
                  fairly present in all material respects the financial
                  condition, results of operations and cash flows of the
                  Company as of, and for, the periods presented in this
                  Annual Report on Form 10-KSB.

There have been no significant changes in the Company's internal controls
or in other factors since the date of the Chief Executive Officer's and
Chief Financial Officer's evaluation that could significantly affect these
internal controls, including any corrective actions with regards to
significant deficiencies and material weaknesses.






                                      41
<PAGE>



                                   SIGNATURES

In accordance with the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant, caused this report to be signed on its
behalf by the undersigned  based upon the best information available pursuant
to Section 12b-25, thereunto duly authorized.

Dated: April 25, 2003                    TREZAC INTERNATIONAL CORPORATION
                                         --------------------------------
                                                 Registrant

                                         By: /s/ Paul Taylor
                                         -----------------------
                                         Paul Taylor
                                         Principal Executive Officer and
                                         Principal Accounting Officer

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

By:  /s/  Paul Taylor                    April 25, 2003
----------------------------------
          Paul Taylor
          Chief Executive Officer and
          Chief Financial Officer



                                       42

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