U.S. 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 Fiscal Year Ended: December 31, 1999

                                       or

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

              For the transition period from    To


                         Commission file number 0-27737
                                                -------

                                 eSportbike.com.
                 (Name of small business issuer in its charter)

             Nevada                                         77-0454856
------------------------------------                      ---------------
  State or other jurisdiction of                          (I.R.S. Employer
    incorporation or organization                         Identification No.)

      1500 West Georgia Street, Suite 980, Vancouver, B.C., Canada V6G 2Z6
      ---------------------------------------------------------------------
               (Address of principal executive offices) (Zip code)

              Morenci Corp., 9160 East Deer Trail, Tucson, AZ 85710
              -----------------------------------------------------
                        (Former name and former address)

Issuer's telephone number                (877) 834-0223
                                         ---------------

Securities registered under Section 12(b) of the Act: NONE
Securities registered under Section 12(g) of the Act:

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


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

         Check if there is no disclosure of delinquent  filers  pursuant to Item
405 of Regulation S-B is not contained in this form,  and no disclosure  will be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this form 10-KSB. [ ]

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

         As of May 5, 2000,  there were  16,400,000  shares of the  Registrant's
common stock,  par value $0.001,  issued and  outstanding.  The aggregate market
value of the Registrant's voting stock held by non-affiliates of the Registrant:
as of December 31, 1999 there has been no public trading in the common stock.

                       DOCUMENTS INCORPORATED BY REFERENCE

         If the following  documents  are  incorporated  by  reference,  briefly
describe them and identify the part of the Form 10-KSB  (e.g.,  Part I, Part II,
etc.) into which the document is incorporated: (1) any annual report to security
holders;  (2) any proxy or information  statement;  and (3) any prospectus filed
pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act"):
NONE

      Transitional Small Business Disclosure Format (check one): Yes   ; NO X
                                                                    ---     --
















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                                TABLE OF CONTENTS


Item Number and Caption                                                    Page

PART I

Item 1.           Description of Business.....................................4

Item 2.           Description of Property.....................................7

Item 3.           Legal Proceedings...........................................8

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


PART II

Item 5.           Market for Common Equity and Related Stockholder Matters....8

Item 6.           Management's Discussion and Analysis or Plan of Operations..9

Item 7.           Financial Statements.......................................11

Item 8.           Changes in and Disagreements With Accountants on Accounting
                  and Financial Disclosure...................................11

PART III

Item 9.           Directors, Executive Officers, Promoters and Control Persons;
                  Compliance with Section 16(a) of the Exchange Act..........11

Item 10.          Executive Compensation.....................................14

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

Item 12.          Certain Relationships and Related Transactions.............14

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




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<PAGE>



                                     PART I

                         ITEM 1 DESCRIPTION OF BUSINESS

General

         The  Company  intends  to  become  an  Internet  destination  providing
community, content and commerce for the sportbike and motorcycle enthusiast. The
eSportbike.com  website is a location  where  individuals,  can create their own
websites, publish pictures of their bikes, share information,  communicate, shop
and discover meaningful, relevant content targeted to their specific interests.

         The Company  anticipates  generating  revenues  from  several  sources,
including,  sales of numerous  product  categories,  sales of memberships to our
eSportbike.com  "platinum  Members Club",  sales of advertising and sponsorships
and sales of third-party services.

         The  Company's  common stock is traded on the National  Association  of
Security  Dealers,  Inc.  (the  "NASD's")  OTC  Bulletin  Board Under the symbol
"MORN."

History

         The Company has not engaged in any operations other than organizational
matters. Morenci Corp., a Nevada corporation (the "Company") was incorporated on
April 7, 1997, and was formed  specifically to be a "clean public shell" and for
the purpose of either  merging  with or  acquiring  an  operating  company  with
operating history and assets. The Company ceased all operating activities during
the period from October 29, 1996 to July 9, 1999 and was considered  dormant. On
July 9, 1999,  the Company  obtained a Certificate  of renewal from the State of
Nevada. Since July 9, 1999, the Company is in the development stage, and has not
commenced  planned  principal  operations.   Its  authorized  capital  stock  is
100,000,000  shares of common stock,  par value $0.001 per share. On May 2, 2000
the name of the company was changed to eSportbike.com, Inc.

         Launched     in     November      1998     as     Sportbike      Online
http://www.sportbikeonline.com  the company has  enjoyed  over 1 million  unique
visitors to date.  The site is currently  exhibiting  15% growth per month.  The
Company     plans     to     re-launch     the     site    as     eSportbike.com
http://www.esportbike.comin  the  first  quarter  of 2000.  We  expect  to enjoy
significant  growth after the re-launch as we execute on our plan to be the webs
largest  community and e-commerce  destination for the sport bike and motorcycle
enthusiast.

The  executive  offices of the Company are located at 1500 West Georgia  Street,
Suite  980,  Vancouver,  B.C.  Canada  V6G 2Z6.  Its  telephone  number is (877)
834-0223.

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<PAGE>



OPERATING LOSSES

         The Company has  incurred net losses of  approximately  $4,000 and $100
for  the  fiscal   years  ended   December  31,  1999  and  December  31,  1998,
respectively.  Such operating  losses reflect  developmental  and other start-up
activities  for 1999 and 1998.  The Company  expects to incur losses in the near
future until profitability is achieved.  The Company's operations are subject to
numerous  risks  associated  with  establishing  any  new  business,   including
unforeseen  expenses,  delays and complications.  There can be no assurance that
the Company will  achieve or sustain  profitable  operations  or that it will be
able to remain in business.

FUTURE CAPITAL NEEDS AND UNCERTAINTY OF ADDITIONAL FUNDING

         The Company was not in full  operations  during 1999 and 1998 and thus,
the revenues  generated are not  representative  of those that will be generated
once the Company becomes fully  operational.  Revenues are not yet sufficient to
support the  Company's  operating  expenses  and are not  expected to reach such
levels until the first or second quarter of 2001. Since the Company's formation,
it has funded its operations and capital expenditures  primarily through private
placements  of debt and equity  securities.  See "Recent  Sales of  Unregistered
Securities."  The Company  expects  that it will be required to seek  additional
financing in the future.  There can be no assurance  that such financing will be
available at all or available on terms acceptable to the Company.

GOVERNMENT REGULATION

         The Company is subject to all pertinent Federal,  State, and Local laws
governing its business.  The Company is subject to licensing and regulation by a
number of authorities in its Province (State) or municipality. These may include
health, safety, and fire regulations.  The Company's operations are also subject
to  Federal  and State  minimum  wage laws  governing  such  matters  as working
conditions and overtime.

RISK OF LOW-PRICED STOCKS

         Rules 15g-1 through 15g-9 promulgated under the Securities Exchange Act
of 1934 (the "Exchange  Act") impose sales practice and disclosure  requirements
on certain brokers and dealers who engage in certain  transactions  involving "a
penny stock."

         Currently,  the Company's  Common Stock is considered a penny stock for
purposes of the  Exchange  Act. The  additional  sales  practice and  disclosure
requirements imposed on certain brokers and dealers could impede the sale of the
Company's  Common  Stock  in the  secondary  market.  In  addition,  the  market
liquidity for the Company's securities may be severely adversely affected,  with
concomitant adverse effects on the price of the Company's securities.

         Under the penny stock  regulations,  a broker or dealer  selling  penny
stock to anyone  other than an  established  customer or  "accredited  investor"
(generally, an individual with net worth in

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excess of $1,000,000 or annual incomes exceeding $200,000,  or $300,000 together
with his or her spouse) must make a special  suitability  determination  for the
purchaser and must receive the  purchaser's  written  consent to the transaction
prior to sale,  unless  the  broker or dealer or the  transaction  is  otherwise
exempt. In addition, the penny stock regulations require the broker or dealer to
deliver, prior to any transaction involving a penny stock, a disclosure schedule
prepared by the Securities and Exchange  Commission  (the "SEC") relating to the
penny stock market,  unless the broker or dealer or the transaction is otherwise
exempt. A broker or dealer is also required to disclose  commissions  payable to
the broker or dealer and the registered  representative  and current  quotations
for the Securities.  In addition, a broker or dealer is required to send monthly
statements  disclosing  recent price information with respect to the penny stock
held in a customer's  account and information with respect to the limited market
in penny stocks.

LACK OF TRADEMARK AND PATENT PROTECTION

         The Company  relies on a  combination  of trade  secret,  copyright and
trademark  law,  nondisclosure  agreements  and technical  security  measures to
protect its  products.  Notwithstanding  these  safeguards,  it is possible  for
competitors  of the  company to obtain  its trade  secrets  and to  imitate  its
products.  Furthermore,  others may  independently  develop  products similar or
superior to those developed or planned by the Company.

COMPETITION

         The  Company  faces  competition  from a wide  variety  of  sport  bike
specific  web  sites,  many  of  which  have  substantially  greater  financial,
marketing and technological resources than the Company.

         The  marketplace  for  Sport  Bike  specific  web sites is still in its
infancy.  Many of the web sites are not commercial,  and the biggest  commercial
sites are almost all strictly  relying on advertisers and not e-commerce  sales.
Several  sites  compete in this  market,  but no one has  emerged as an industry
leader.  We have  identified  competition  in  terms  of  specific  content  and
e-commerce applications that are relevant to our industry.

Content Sites - Sport Bike Information

Motorcycle Online http://www.motorcycle.com

The most  successful  motorcycle  content site is Motorcycle  Online,  which has
established itself as the web's largest  motorcycle site.  Motorcycle Online has
information  relating  to all  types of  motorcycles  with  little  emphasis  on
sportbikes. Motorcycle Online was established in November 1994, making it one of
the oldest motorcycle  sites.  Motorcycle Online has been able to increase their
industry   contacts  to  enable  them  to  get  loaner   bikes  from  the  major
manufacturers to use in street and track testing.

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<PAGE>



2wf.comhttp://www.2wf.com

         2wf.com is a Motorcycle  e-zine  established in February 1997.  2wf.com
has  recently  purchased an offline  magazine,  American  Road Racing  Magazine.
2wf.com  features daily news,  product reviews,  classifieds,  and bike mechanic
tips.

Motorcycle World http://www.motorcycleworld.com

Motorcycleworld.com  was  founded  in July 1997.  The site  features a US dealer
database and model database.

E-Commerce Sites - Sport Bike

Motorcycle Superstore http://www.motorcycle-superstore.com

The main online  motorcycle  accessory  dealer is  Motorcycle  USA's  Motorcycle
Superstore.  The site sells inventory from Beaverton Honda-Yamaha,  a motorcycle
dealership based in Portland,  Oregon.  Motorcycle  Superstore has placed ads in
Sport Rider Magazine,  Speed Vision's web site and Yahoo.  Motorcycle Superstore
is also  running an  affiliate  program  with  Commission  Junction.  Motorcycle
Superstore  has recently added  shipping to Canada.  The  Motorcycle  Superstore
domain was established in June 1997.

Imotorcyclestore.com  http://www.imotorcyclestore.com

Imotorcyclestore.com was founded in September 1999. Imotorcyclestore.com sells a
variety of motorcycle accessories and primarily advertises on 2wf.com.

EMPLOYEES

         As of May 5,  2000,  the  Company  had two  employees  none of whom are
represented by a labor union.

                         ITEM 2 DESCRIPTION OF PROPERTY

         Since  1997 all  administrative  activities  of the  Company  have been
conducted by  corporate  officers  from either  their home or business  offices.
Currently,  there are no  outstanding  debts owed by the  Company for the use of
these facilities and there are no commitments for future use of the facilities.

         At December  31,  1999,  the company had a working  agreement  with the
Company president

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<PAGE>



to use 600 square feet of office  space,  telephones  and  secretarial  services
supplied on a gratis basis.

                            ITEM 3 LEGAL PROCEEDINGS

         Not Applicable.


                        ITEM 4 SUBMISSION OF MATTERS TO A
                            VOTE OF SECURITY HOLDERS

         No matters were subject to a vote of security  holders  during the year
1999.

                                     PART II

                       ITEM 5 MARKET FOR COMMON EQUITY AND
                           RELATED STOCKHOLDER MATTERS

MARKET INFORMATION

         The Company's  Common Stock is traded on the NASD's OTC Bulletin  Board
under the symbol  "ESPB."  The  following  table  presents  the high and low bid
quotations  for the Common Stock as reported by the NASD for each quarter during
the last two  years.  Such  prices  reflect  inter-  dealer  quotations  without
adjustments  for retail markup,  markdown or commission,  and do not necessarily
represent actual transactions.

As of December 31, 1999, to managements' knowledge there had been no trading.

                 1998:                         High                 Low
First Quarter                                    -                   -
Second Quarter                                   -                   -
Third Quarter                                    -                   -
Fourth Quarter                                   -                   -

                 1999:

First Quarter                                    -                   -
Second Quarter                                   -                   -
Third Quarter                                    -                   -
Fourth Quarter                                   -                   -



                                        8


<PAGE>



DIVIDENDS

         The Company has never  declared or paid any cash  dividends.  It is the
present  policy of the  Company to retain  earnings  to  finance  the growth and
development  of the business  and,  therefore,  the Company does not  anticipate
paying dividends on its Common Stock in the foreseeable future.

         The number of shareholders  of record of the Company's  Common Stock as
of May 5, 2000 was approximately 29.

RECENT SALES OF UNREGISTERED SECURITIES

There  have  been no sales of the  Company's  securities.  As  noted  above,  in
connection with organizing the Company, on April 18, 1997, persons consisting of
its  officers,  directors,  and other  individuals  were issued a total of 1,000
shares of Common  Stock at a value of $.001 per  share.  On May 6,  1999,  those
outstanding  shares  were  forward  split  1,000 to 1,  resulting  in a total of
1,000,000 shares outstanding.

On February  23,  2000,  Mr.  Daniel L. Hodges  returned  800,000  shares to the
treasury and the shares were  canceled,  resulting in 200,000  remaining  shares
outstanding.

On February 23, 2000 the Company  declared a forward split 27 to 1, resulting in
a total of 5,400,000 shares outstanding.

                       ITEM 6 MANAGEMENT'S DISCUSSION AND
                         ANALYSIS OR PLAN OF OPERATIONS

Plan of  Operations  - The Company was  organized  for the purpose of creating a
corporate  vehicle to seek,  investigate  and, if such  investigation  warrants,
acquire an interest in one or more  business  opportunities  presented  to it by
persons or firms who or which desire to seek perceived  advantages of a publicly
held corporation.

         The  Company  may  incur   significant   post-merger   or   acquisition
registration costs in the event management wishes to register a portion of their
shares for subsequent  sale. The Company will also incur  significant  legal and
accounting  costs in  connection  with the  acquisition  including  the costs of
preparing post- effective amendments,  Forms 8-K, agreements and related reports
and documents.

         The Company will not have sufficient  funds (unless it is able to raise
funds  in  a  private  placement)  to  undertake  any  significant  development,
marketing and manufacturing of the products acquired. Accordingly, following the
acquisition,  the Company  will, in all  likelihood,  be required to either seek
debt or equity  financing or obtain funding from third parties,  in exchange for
which

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the Company may be required to give up a substantial  portion of its interest in
the acquired product. There is no assurance that the Company will be able either
to obtain  additional  financing or interest third parties in providing  funding
for  the  further  development,  marketing  and  manufacturing  of any  products
acquired.

         The e-commerce  industry is an intensely  competitive  one, where brand
recognition, quality of site content, merchandise selection, convenience, price,
and service are critical factors. The Company has many established  competitors,
ranging  from  similar  local  single unit  operations  to large  multi-national
operations.  Some of these  competitors  have  substantially  greater  financial
resources and may be established or indeed become established in areas where the
Company  operates.  The industry may be affected by changes in customer  tastes,
economic, and demographic trends. Factors such as inflation,  increased supplies
costs and the  availability  of  suitable  employees  may  adversely  affect the
entertainment industry in general and the Company in particular.  In view of the
Company's limited financial resources and management  availability,  the Company
will  continue to be at a  significant  competitive  disadvantage  vis-a-vis the
Company's competitors.

Results of  Operations  - From April 7, 1997 to July 9, 1999 the  Company was an
inactive  corporation.  From July 9, 1999 the  Company was a  development  stage
company and had not begun principal  operations.  Accordingly,  comparisons with
prior periods are not meaningful.

LIQUIDITY AND CAPITAL RESOURCES

         The Company has met its  capital  requirements  through the sale of its
Common Stock .

         Since  the  Company's  re-activation  in July 9,  1999,  the  Company's
principal  capital  requirements have been the funding of the development of the
Company.

         After the completion of its expansion plans, the Company expects future
development and expansion will be financed through cash flow from operations and
other  forms  of  financing  such as the  sale of  additional  equity  and  debt
securities,  capital leases and other credit facilities. There are no assurances
that such  financing  will be available on terms  acceptable or favorable to the
Company.

Government Regulations - The Company is subject to all pertinent Federal, State,
and Local laws  governing its business.  The Company is subject to licensing and
regulation by a number of authorities in its Province  (State) or  municipality.
These may include health, safety, and fire regulations. The Company's operations
are also subject to Federal and State minimum wage laws  governing  such matters
as working conditions and overtime.

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                           ITEM 7 FINANCIAL STATEMENTS

         The  financial  statements  of the Company and  supplementary  data are
included beginning  immediately following the signature page to this report. See
Item 13 for a list of the financial statements and financial statement schedules
included.

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

         There are not and have not been any  disagreements  between the Company
and its  accountants  on any  matter  of  accounting  principles,  practices  or
financial statements disclosure.

                                    PART III

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

Executive Officers and Directors

The members of the Board of Directors of the Company serve until the next annual
meeting of  stockholders,  or until  their  successors  have been  elected.  The
officers  serve at the pleasure of the Board of Directors.  The following  table
sets forth the name, age, and position of each executive officer and director of
the Company:

<TABLE>
<S>                             <C>           <C>                               <C>
Director's   Name                  Age                    Office                           Term Expires
Daniel Hodges                      43            Sole Officer & Director            resigned February 23, 2000
Robert E. McLauchlan               43                 CEO & Director                    next annual meeting
Kent D. Courtice                   27              President & Director                 next annual meeting
W. Scott Marshall                  41                    Director                       next annual meeting
</TABLE>


         Daniel  Hodges  has been  sole  Director,  President,  Chief  Financial
Officer and Secretary of the Company since his  appointment on October 29, 1996.
Mr. Hodges has been  president and director of Solomon  Consulting  Corp.  which
specializes in corporate and securities  consulting since 1995. He has owned and
operated an industrial  manufacturing  company,  "APRI,  Inc." since 1998. He is
currently on the board of directors of two charitable  organizations  as well as
over 10 for-profit

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corporations.  Within the past year,  several companies that maintain a
public trading status have had Mr. Hodges as a director including: Avartarra.com
(symbol:  AVAR),  Landstar,  Inc. (LDSR),  and Hyaton Company,  Inc. (HYTN). Mr.
Hodges  received his B.S.  from Thomas A. Edison State  College in Trenton,  New
Jersey. He is also a graduate of the U.S. Air Force Undergraduate Pilot Training
program and is  currently  the rank of Captain as an officer in the Air National
Guard.

On  February  23,  2000 Mr.  Hodges  resigned  as the sole  officer and
director of the Company.  Prior to his  resignation,  Mr Hodges appointed Robert
Eyre McLachlan,  William Scott Marshall and Kent Douglas  Courtice as directors.
Mr. McLachlan is the CEO and Secretary and Mr. Courtice is the President.

Mr.  McLauchlan is co-founder,  and Chief Executive  Officer,  and member of the
Board of  Directors  of the  Company.  Most  recently,  from  1997 to 1999,  Bob
McLauchlan  was VP of Internet  Business  Development  for QSound Labs  (NASDAQ:
QSND). During his three years with QSound, Mr. McLauchlan  maintained  ownership
of the company's Internet products,  distribution, and marketing operations. The
company released 10 new products during Mr.  McLauchlan's  tenure,  all of which
were sold  online.  In  pursuit  of  distribution  for  QSound's  products,  Mr.
McLauchlan  forged  relationships  with many leading Internet  companies and Web
sites.  Specifically,  the company  sold its  products  through  Real  Networks,
broadcast.com, MP3.com, Spinner.com and others. One product in particular, iQFX,
is currently the most successful  third party software package on Real Networks'
Web site, in terms of sales. In fact, sales of iQFX represents almost 7% of Real
Networks gross revenue year to date.

At QSound,  Mr. McLauchlan  developed and implemented many unique and successful
online sales and marketing  campaigns.  In so doing, he determined that the most
cost-effective  means by which to sell  products  online is to employ  affiliate
marketing  techniques.   Under  Mr.  McLauchlan's  direction,  QSound  developed
proprietary software for managing the company's affiliate marketing programs. In
fact, this software is soon to be unveiled as the stand-alone solution for a new
company called AffiliateDirect. As a recognized expert in the field of Affiliate
Marketing,  Mr.  McLauchlan  has had  numerous  speaking  engagements  including
Affiliate Solutions 99 and Web Marketing 99 in Orlando, Florida.

Prior to joining  QSound Labs,  Mr.  McLauchlan  was  President of Calgary based
business  consulting  firm,  The Barron Group.  From 1987 to1995 Mr.  McLauchlan
founded and operated insurance services company, Citiclaims. Citiclaims was sold
in 1994,  in the  proceeding  years  Citiclaims  had grown to 70 employees  with
offices in seven Canadian markets with annual revenues  exceeding $12.0 million.
Mr.  McLauchlan had successfully  started and operated three  businesses  before
Citiclaims.

Kent D.  Courtice  is the  co-founder,  President,  and  member  of the Board of
Directors of the Company. Kent Courtice, an avid motorcyclist, founded Sportbike
Online, the predecessor of eSportbike.com, November 1998.

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Mr.  Courtice is a member of the Board of Directors  of  Rendezview.com
(CDNX: CGU), an Internet video conferencing company.

W. Scott Marshall has been in the  investment and finance  industry for 14 years
and has been an Officer and Director of numerous public  companies over the past
five years.

Since 1995, Mr.  Marshall has been the President and Managing  Director of Asset
Information  Management,  Inc.("AIM"),  a venture  capital firm  specializing in
public relations,  investor  relations and small-cap fund raising.  For the past
three  years  Mr.  Marshall  and AIM have  focused  on high-  tech and  internet
start-up companies.

Conflicts of Interest

Certain  conflicts of interest  existed at December 31, 1999 and may continue to
exist  between the Company and its officers and  directors  due to the fact that
each has other  business  interests  to which he devotes his primary  attention.
Each officer and director  may continue to do so  notwithstanding  the fact that
management time should be devoted to the business of the Company.

Certain  conflicts of interest may exist between the Company and its management,
and  conflicts  may  develop in the  future.  The  Company  has not  established
policies or procedures for the  resolution of current or potential  conflicts of
interests  between  the  Company,  its  officers  and  directors  or  affiliated
entities.  There can be no assurance that  management will resolve all conflicts
of interest in favor of the Company,  and failure by  management  to conduct the
Company's business in the Company's best interest may result in liability to the
management.  The  officers  and  directors  are  accountable  to the  Company as
fiduciaries,  which  means that they are  required  to  exercise  good faith and
integrity in handling the Company's  affairs.  Shareholders who believe that the
Company has been  harmed by failure of an officer or  director to  appropriately
resolve any  conflict  of  interest  may,  subject to  applicable  rule of civil
procedure,  be able to bring a class action or derivative  suit to enforce their
rights and the Company's rights.

Board Meetings and Committees

         The  Directors  and  Officers  will not receive  remuneration  from the
Company until a subsequent  offering has been  successfully  completed,  or cash
flow from  operating  permits,  all in the discretion of the Board of Directors.
Directors may be paid their  expenses,  if any, of attendance at such meeting of
the  Board of  Directors,  and may be paid a fixed  sum for  attendance  at each
meeting  of the  Board of  Directors  or a stated  salary as  Director.  No such
payment shall  preclude any Director from serving the  Corporation  in any other
capacity and receiving  compensation  therefor. No compensation has been paid to
the  Directors.  The Board of Directors may designate  from among its members an
executive  committee and one or more other  committees.  No such committees have
been appointed.

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Compliance with Section 16(a) of the Exchange Act

         Based solely upon a review of forms 3, 4, and 5 and amendments thereto,
furnished to the Company during or respecting its last fiscal year, no director,
officer,  beneficial owner of more than 10% of any class of equity securities of
the  Company  or any other  person  known to be  subject  to  Section  16 of the
Exchange  Act of 1934,  as  amended,  failed to file on a timely  basis  reports
required by Section 16(a) of the Exchange Act for the last fiscal year.

                         ITEM 10 EXECUTIVE COMPENSATION

         None of the  executive  officer's  salary and bonus  exceeded  $100,000
during any of the Company's last two fiscal years.

                 ITEM 11 SECURITY OWNERSHIP OF BENEFICIAL OWNERS
                                 AND MANAGEMENT

Principal Shareholders

         The table  below sets forth  information  as to each  person  owning of
record or who was known by the Company to own  beneficially  more than 5% of the
16,400,000  shares of issued and  outstanding  Common Stock of the Company as of
May 5, 2000 and  information as to the ownership of the Company's  Stock by each
of its  directors  and  executive  officers and by the  directors  and executive
officers  as a group.  Except  as  otherwise  indicated,  all  shares  are owned
directly,  and the persons  named in the table have sole  voting and  investment
power with respect to shares shown as beneficially owned by them.
<TABLE>
<S>                           <C>                    <C>                  <C>
Name and Address
of Beneficial Owners /           Nature of               Shares
Directors                        Ownership                Owned              Percent
--------------------------------------------------------------------------------------------
Robert Eyre McLachlan            common stock           5,000,000            30.49%
Kent Douglas Courtice            common stock           5,000,000            30.49%
William Scott Marshall           common stock               -                   -
All Executive Officers
and Directors as a Group
(3 persons)                      common stock          10,000,000            60.98%
</TABLE>

The address of all three stockholders is care of the Company.

                                       14


<PAGE>




             ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


         In connection with organizing the Company,  on April 18, 1997,  persons
consisting of its officers, directors, and other individuals were issued a total
of 1,000 shares of Common  Stock at a value of $.001 per share.  On May 6, 1999,
the  outstanding  shares were forward split 1,000 to 1,  resulting in a total of
1,000,000  shares  outstanding.  On  February  23,  2000,  Mr.  Daniel L. Hodges
returned 800,000 shares to the treasury and the shares were canceled,  resulting
in 200,000  remaining shares  outstanding.  On February 23, 2000 the outstanding
shares were  forward  split 27 to 1  resulting  in a total of  5,400,000  shares
outstanding.  Under Rule 405  promulgated  under the Securities Act of 1933, Mr.
Hodges may be deemed to be a promoter of the Company. No other persons are known
to Management that would be deemed to be promoters.

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


         (a)      The following documents are filed as part of this report.

1.       Financial Statements                                              Page

Report of Robison, Hill & Co., Independent Certified Public Accountants.....F-1

Balance Sheets as of December 31, 1999, and 1998............................F-2


Statements of Operations for the years ended
     December 31, 1999, and 1998............................................F-4

Statement of Stockholders' Equity for the years ended
     December 31, 1999, and 1998............................................F-5

Statements of Cash Flows for the years ended
     December 31, 1999, and 1998............................................F-9

Notes to Financial Statements..............................................F-11





2.       Financial Statement Schedules

                                       15


<PAGE>




         The following  financial statement schedules required by Regulation S-X
are included herein.

         All  schedules  are  omitted  because  they are not  applicable  or the
required information is shown in the financial statements or notes thereto.

3.       Exhibits

                  The following exhibits are included as part of this report:

Exhibit

Number            Title of Document

3.1               Articles of Incorporation (1)
3.2               Amended Articles of Incorporation (1)
3.3               Bylaws (1)
27.1              Financial Data Schedule

(1)      Incorporated by reference to the Registrant's registration statement
         on Form 10-SB filed on October 20, 1999.

         (b)       Reports on Form 8-K filed.

         No reports on Form 8-K were filed during the prior quarter.

                                       16


<PAGE>




                                   SIGNATURES

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

                                               eSportbike.com, Inc.

Dated: May 10, 2000                         By  /S/ Robert Eyre McLachlan
                                            ---------------------------------
                                            Robert Eyre McLachlan
                                            C.E.O., Secretary, Director

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, this report has been signed below by the following persons on behalf of
the Registrant and in the capacities indicated on this 10th day of May 2000.

Signatures                                              Title

/S/   Robert Eyre McLachlan
Robert Eyre McLachlan                    C.E.O., Chairman, Secretary, Director
                                               (Principal Executive Officer)

/S/   Kent Douglas Courtice
Kent Douglas Courtice                    President, Director
                                         (Principal Financial and Accounting
                                                                Officer)

/S/  William Scott Marshall
William Scott Marshall                    Director

                                       17


<PAGE>









                          INDEPENDENT AUDITOR'S REPORT


ESPORTBIKE.COM.INC.
(formerly Morenci Corp.)
(A Development Stage Company)


         We have audited the accompanying balance sheets of  ESPORTBIKE.COM.INC.
(formerly  Morenci Corp.) (a development  stage company) as of December  31,1999
and 1998,  and the related  statements of operations  and cash flows for the two
years ended  December 31, 1999 and the  statement of  stockholders'  equity from
April 7, 1997 (inception) to December 31, 1999.  These financial  statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audits.

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

         In our opinion,  the  financial  statements  referred to above  present
fairly, in all material respects,  the financial position of ESPORTBIKE.COM.INC.
(formerly  Morenci Corp.) (a development  stage company) as of December 31, 1999
and 1998, and the results of its operations and its cash flows for the two years
ended  December  31,  1999 in  conformity  with  generally  accepted  accounting
principles.

                                               Respectfully submitted

                                               /s/ Robison, Hill & Co.
                                               Certified Public Accountants

Salt Lake City, Utah
April 20, 2000

                                      F - 1

<PAGE>



                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)

<TABLE>
<CAPTION>

                                                  BALANCE SHEETS

                                                                        December 31,
                                                            -------------------------------------
                                                                  1999                1998
                                                            -----------------   -----------------
<S>                                                       <C>                 <C>
Assets - Receivable from Shareholders                       $           6,677   $           8,212
                                                            =================   =================

Liabilities - Accounts Payable                              $           2,751   $             200
                                                            -----------------   -----------------

Stockholders' Equity:
  Common Stock, Par value $.001
    Authorized 100,000,000 shares,
    Issued 5,400,000 shares at December 31,
    1999 and 1998                                                       5,400               5,400
  Paid-In Capital                                                       3,812               3,812
  Retained Deficit                                                     (1,200)             (1,200)
  Deficit Accumulated During the
    Development Stage                                                  (4,086)
  Foreign Currency Translation Adjustment                                   -                   -
                                                            -----------------   -----------------

     Total Stockholders' Equity                                         3,926               8,012
                                                            -----------------   -----------------

     Total Liabilities and

       Stockholders' Equity                                 $           6,677   $           8,212
                                                            =================   =================
</TABLE>














   The accompanying notes are an integral part of these financial statements.

                                      F - 2

<PAGE>



                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

                                                                                   Cumulative
                                                                                  since July 9,
                                                                                      1999

                                                                                    inception

                                                 For the year ended                    of
                                                    December 31,                   development

                                        -------------------------------------
                                               1999               1998                stage
<S>                                   <C>                  <C>                 <C>
Revenues:                               $                -  $               -   $               -

Expenses:                                            4,086                100               4,086
                                        ------------------  -----------------   -----------------

     Net Loss                           $           (4,086) $            (100)  $          (4,086)
                                        ==================  =================   =================

Basic & Diluted loss per share          $               -   $               -
                                        ==================  =================

</TABLE>





















   The accompanying notes are an integral part of these financial statements.

                                      F - 3

<PAGE>



                               ESPORTBIKE.COM.INC.
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
              SINCE APRIL 7, 1997 (INCEPTION) TO DECEMBER 31, 1999

<TABLE>
<CAPTION>
                                                                                                              Deficit
                                                                                                            Accumulated

                                                                                                           Since July 9,
                                                                                                                1999

                                                                                                            Inception of

                                                    Common Stock              Paid-In        Retained       Development
                                                Shares         Par Value      Capital         Deficit          Stage
                                           ----------------  -------------  ------------   -------------  ----------------
<S>                                       <C>                <C>            <C>            <C>            <C>

Balance at April 7, 1997
(inception)                                             -     $         -     $       -      $         -    $          -

April 18, 1997 Issuance of  Stock
  for Services and payment

  of Accounts payable                                 1,000          1,000             -               -                 -
Net Loss                                                  -              -             -          (1,000)                -
                                           ----------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1996
  As originally reported                              1,000          1,000             -          (1,000)                -

Retroactive adjustment for 1,000
  to 1 stock split May 6, 1999                      999,000              -             -               -                 -
Retroactive adjustment for
  return of 800,000 shares February
  23, 2000 and contributed capital                 (800,000)          (800)        9,012
Retroactive adjustment for 27 to 1
  stock split February 23, 2000                   5,200,000          5,200        (5,200)              -                 -
                                           ----------------  -------------  ------------   -------------  ----------------
Restated balance January 1, 1997                  5,400,000          5,400         3,812          (1,000)                -

Net Loss                                                  -              -             -            (100)                -
                                           ----------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1997                      5,400,000          5,400         3,812          (1,100)                -

Net Loss                                                  -              -             -            (100)                -
                                           ----------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1998                      5,400,000          5,400         3,812          (1,200)                -

Net Loss                                                  -              -             -               -            (4,086)
                                           ----------------  -------------  ------------   -------------  ----------------
Balance at December 31, 1999                      5,400,000  $       5,400  $      3,812   $      (1,200) $         (4,086)
                                           ================  =============  ============   =============  ================
</TABLE>



   The accompanying notes are an integral part of these financial statements.

                                      F - 4


<PAGE>



                               ESPORTBIKE.COM.INC.
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
<TABLE>
<CAPTION>

                                                                                               Cumulative
                                                                                              Since July 9,

                                                                                                  1999

                                                                 For the years ended          Inception of
                                                                     December 31,              Development
                                                             ----------------------------
                                                                 1999           1998              Stage
                                                             -------------  -------------   -----------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                        <C>             <C>             <C>         <C>

Net Loss                                                     $      (4,086) $        (100)  $          (4,086)
Decrease  in Receivable from Shareholder                             1,535              -               1,535
Increase (Decrease) in Accounts Payable                              2,551            100               2,551
                                                             -------------  -------------   -----------------
  Net Cash Used in operating activities                                  -              -                   -
                                                             -------------  -------------   -----------------

CASH FLOWS FROM INVESTING

ACTIVITIES:
Net cash provided by
  investing activities                                                   -              -                   -
                                                             -------------  -------------   -----------------

CASH FLOWS FROM FINANCING

ACTIVITIES:

Capital contributed by shareholder                                       -              -                   -
                                                             -------------  -------------   -----------------
Net Cash Provided by

  Financing Activities                                                   -              -                   -
                                                             -------------  -------------   -----------------

Net (Decrease) Increase in

  Cash and Cash Equivalents                                              -              -                   -
Cash and Cash Equivalents
  at Beginning of Period                                                 -              -                   -
                                                             -------------  -------------   -----------------
Cash and Cash Equivalents

  at End of Period                                           $            - $           -  $                -
                                                             =============  =============   =================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                   $            - $            -  $                   -
  Franchise and income taxes                                 $         250  $            -  $             250

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING

ACTIVITIES: None
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                      F - 5


<PAGE>



                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                   THE YEARS ENDED DECEMBER 31, 1999 AND 1998

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         This summary of  accounting  policies for  ESPORTBIKE.COM.INC.(formerly
Morenci Corp.) is presented to assist in understanding  the Company's  financial
statements.  The accounting  policies conform to generally  accepted  accounting
principles  and  have  been  consistently  applied  in  the  preparation  of the
financial statements.

Organization and Basis of Presentation

         The Company was  incorporated  under the laws of the State of Nevada on
April 7, 1997.  The Company  ceased all operating  activities  during the period
from April 7, 1997 to July 9, 1999 and was considered  dormant. On July 9, 1999,
the Company  obtained a Certificate  of renewal from the State of Nevada.  Since
July 9, 1999,  the Company is in the  development  stage,  and has not commenced
planned principal operations.

Nature of Business

         The company has no products or services as of December  31,  1999.  The
Company was organized as a vehicle to seek merger or acquisition candidates. The
Company intends to acquire interests in various business opportunities, which in
the opinion of management will provide a profit to the Company

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Pervasiveness of Estimates

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

                                      F - 6

<PAGE>



                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                   THE YEARS ENDED DECEMBER 31, 1999 AND 1998
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(Continued)

Loss per Share

         The  reconciliations  of the numerators and  denominators  of the basic
loss per share computations are as follows:

<TABLE>
<CAPTION>
                                                                                                     Per-Share

                                                              Income              Shares               Amount
                                                              ------              ------               ------
                                                           (Numerator)         (Denominator)

                                                                   For the year ended December 31, 1999
<S>                                                   <C>                   <C>                 <C>

Basic Loss per Share

Loss to common shareholders                             $           (4,086)           5,400,000  $               -
                                                        ==================  ===================  ==================


                                                                   For the year ended December 31, 1998

Basic Loss per Share

Loss to common shareholders                             $             (100)           5,400,000  $               -
                                                        ==================  ===================  ==================
</TABLE>

         The  effect  of   outstanding   common  stock   equivalents   would  be
anti-dilutive for December 31, 1999 and 1998 and are thus not considered.

Foreign Currency Translation

         The  functional  currency of the Company is Canadian  dollars.  Balance
sheet accounts are translated to U.S. dollars at the current exchange rate as of
the  balance  sheet  date.  Income  statement  items are  translated  at average
exchange  rates  during the period.  The  resulting  translation  adjustment  is
recorded as a separate component of stockholders' equity.

Reclassification

         Certain reclassifications have been made in the 1999 and 1998 financial
statements to conform with the December 31, 1999 presentation.

                                      F - 7

<PAGE>



                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                   THE YEARS ENDED DECEMBER 31, 1999 AND 1998
                                   (Continued)

NOTE 2 - INCOME TAXES

         As  of  December  31,  1999,  the  Company  had a  net  operating  loss
carryforward for income tax reporting purposes of approximately  $4,000 that may
be offset against future taxable income through 2011. Current tax laws limit the
amount of loss  available  to be offset  against  future  taxable  income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carryforwards  will expire  unused.  Accordingly,  the potential tax
benefits of the loss  carryforwards  are offset by a valuation  allowance of the
same amount.

NOTE 3 - DEVELOPMENT STAGE COMPANY

         The Company has not begun principal  operations and as is common with a
development  stage  company,  the Company has had  recurring  losses  during its
development stage.

NOTE 4 - COMMITMENTS

         As of  December  31,  1999 all  activities  of the  Company  have  been
conducted by  corporate  officers  from either their homes or business  offices.
Currently,  there are no  outstanding  debts owed by the  company for the use of
these facilities and there are no commitments for future use of the facilities.

NOTE 5 - STOCK SPLIT

         On May 6,  1999 the  Board  of  Directors  authorized  1,000 to 1 stock
split, changed the authorized number of shares to 100,000,000 shares and the par
value to $.001 for the Company's common stock. As a result of the split, 999,000
shares were issued.

         On February 23, 2000 the Board of Directors  authorized  the acceptance
of 800,000  shares of restricted  common stock returned to the Company by and on
behalf of Mr.  Daniel L.  Hodges,  formerly the sole Officer and Director of the
Company.  The 800,000  shares were canceled  immediately  upon receipt.  Also on
February 23, 2000 the Board of Directors  authorized a 27 to 1 stock split. As a
result of this split the Company issued  5,200,000  shares of common stock.  All
references  in the  accompanying  financial  statements  to the number of common
shares and per-share amounts for 1999 and 1998 have been restated to reflect the
stock split and cancellation of shares.

                                      F - 8

<PAGE>


                               ESPORTBIKE.COM.INC.
                               -------------------
                            (formerly Morenci Corp.)
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                   THE YEARS ENDED DECEMBER 31, 1999 AND 1998
                                   (Continued)

NOTE 6 - SUBSEQUENT EVENTS

         On March 2, 2000 the  Company  entered  into an  agreement  whereby the
Company in a reverse  merger,  purchased the assets of, and changed its name to,
esportbike.com.  The  purchase  price  was  $10,000  CDN  ($6,793  US)  and  the
assumption of  liabilities in the amount of $113,000 US. The Company has not yet
performed a detailed  evaluation  and  appraisal of the fair market value of the
net assets  purchased in order to allocate  the purchase  price among the assets
purchased.

                                      F - 9