U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  FORM 10-KSB/A


(Mark One)

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934 [Fee Required] For the fiscal year ended DECEMBER 31, 1999

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934 [No Fee Required]

     For the transition period from ____________ to ______________

     Commission  file  number  0-27735

                               ASIA4SALE.COM INC.
                   ------------------------------------------
                 (Name of small business issuer in its charter)

               NEVADA                                      77-0438927
     -----------------------------                       ---------------
    (State or other jurisdiction of                     (I.R.S. Employer
    incorporation  or organization)                  Identification Number)

            2465 WEST 12TH STREET, SUITE 2
                       TEMPE, AZ                                 85281-6935
       -------------------------------------                     ----------
      (Address of principal executive offices)                   (Zip Code)

                      Issuer's tel. number: (480) 505-0070
                      ------------------------------------

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

       Title of each class:          Name of each exchange on which registered:
              N/A                                     N/A

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

                         Common Equity, Par Value $.001
                                 (Title of Class)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or 15(d) of the Exchange Act during the past twelve (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 ninety (90) days.


                                                  Yes   [   ]   No    [ X ]


Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  met  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 (Year Ended December 31,
1999):  $-0-



<PAGE>
The  aggregate  market  value  of the voting stock held by non-affiliates of the
Registrant is $106,650,000 computed by reference to the closing bid price of the
stock  at  March 30, 2000. This computation is based on the number of issued and
outstanding  shares  held  by  persons  other than directors and officers of the
Registrant.

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date:


         COMMON STOCK                           OUTSTANDING AT MARCH 31, 2000
         ------------                           -----------------------------
         Par Value $0.001 Per Share                   10,800,000 Shares


                      DOCUMENTS INCORPORATED BY REFERENCE
                      -----------------------------------
                                      None.

Transitional Small Business Disclosure Format
(Check  One)       Yes     [   ]  No     [ X ]


NOTE:  This  Form  10-KSB  has  been amended to restate the Registrant's audited
financial  statements  for  the  year  ended  December  31, 1999.  The financial
statements included in the initial Form 10-KSB filed by the Registrant accounted
for  the  acquisition  of  Asia4Sale.com  Ltd.  as having occurred in 1999.  The
acquisition  did  not  occur  until February 7, 2000.  As a result, the restated
financial  statements  treat  the acquisition as not occurring until February 7,
2000.  This  results  in  substantial  changes  to  the  financial  statements.



                                        2
<PAGE>
                                ASIA 4 SALE, INC.

                                   FORM 10-KSB

                       FISCAL YEAR ENDED DECEMBER 31, 1999

                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS. . . . . . . . . . . . . . . . . . .   4
ITEM 2.  DESCRIPTION OF PROPERTY. . . . . . . . . . . . . . . . . . .   8
ITEM 3.  LEGAL PROCEEDINGS. . . . . . . . . . . . . . . . . . . . . .   8
ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF
         SECURITY HOLDERS . . . . . . . . . . . . . . . . . . . . . .   8

                                    PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED
         STOCKHOLDER MATTERS. . . . . . . . . . . . . . . . . . . . .   8
ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
         FINANCIAL CONDITION AND RESULTS OF OPERATIONS. . . . . . . .   9
ITEM 7.  FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . .  10
ITEM 8.  CHANGE IN AND DISAGREEMENTS WITH ACCOUNTANTS
         ON ACCOUNTING AND FINANCIAL DISCLOSURES. . . . . . . . . . .  23

                                    PART III

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND
         CONTROL PERSONS; COMPLIANCE WITH SECTION
         16(a) OF THE EXCHANGE ACT. . . . . . . . . . . . . . . . . .  23
ITEM 10. EXECUTIVE COMPENSATION . . . . . . . . . . . . . . . . . . .  24
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
         OWNERS AND MANAGEMENT. . . . . . . . . . . . . . . . . . . .  24
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS . . . . . . .  25
ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K . . . . . . . . . . . . . .  25

         SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . .  26


                                        3
<PAGE>
                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS


The  Registrant  (sometimes  alternatively  referred  to  in  this report as the
"Company"  or  "Asia4Sale")  is  a corporation, organized and existing under the
laws  of  the  State of Nevada, having been incorporated in September, 1996. The
Registrant  was  formerly  known  as  H&L  Investments,  Inc.  The  name  of the
corporation  was  changed  to  Asia4Sale.com,  Inc.  on  December 22, 1999 and a
Certificate of Amendment of Articles of Incorporation duly filed with the Office
of  the  Secretary  of  State  for  the  State  of  Nevada on December 29, 1999.

As  of  December  31,  1999, the Company was engaged in no active business other
than  to  search  for  an  operating  business  to  acquire.

On  February 7, 2000, Asia4Sale.com Inc. acquired Asia4Sale.com Ltd, a Hong Kong
registered  company incorporated in Hong Kong in March, 1999. Asia4Sale.com Ltd.
was  founded  as  a  joint marketing venture between ZiaSun Technologies Inc., a
publicly  held  U.S.  Internet  holding  company  and Cable & Wireless HKT, Hong
Kong's primary full-service communications provider and owner/operator of Asia's
largest  commercial  teleport.  The  Company's business then became the business
being operated by Asia4Sale.com Ltd. which is described hereafter. The remaining
discussion  of  this  report  concerning  the  business  of  the Company and the
Company's  properties  is  current  as of May 24, 2000 when the Company's Annual
Report  on  Form  10-KSB  was  first  filed,  unless specified otherwise herein.

Asia4Sale  is the first major e-commerce venture to specialize in linking Asia's
producers of high quality, high value goods and services with buyers and markets
around the world. With e-commerce offerings to date dominated by U.S. companies,
the Asian emphasis allows Asia4Sale to offer highly competitive prices for Asian
products  with strong brand recognition. Asia4Sale's three-part structure allows
the  company  to  exploit both the business-to-consumer and business-to-business
markets.  Asia4Sale derives its revenues from three principal marketing sources:


ShoppingAsia  (www.asia4sale.com) is an e-commerce home shopping portal offering
a  variety  of  affiliate  marketing services. ShoppingAsia makes Asian products
directly  available  to  consumers  worldwide.  Any  web  user can open a store,
stocked  with  products  sourced by Asia4Sale, at no cost to the store operator.
Asia4Sale's  revenues from these stores consist entirely of commissions on goods
sold.  ShoppingAsia is currently in the process of introducing two new fee-based
premium  versions  of  this  service  which are expected to generate substantial
additional  revenues.


AuctionAsia  (www.auctionasia.net)  provides  Internet-based auction services to
businesses  and  consumers  in  the  Asia region. Asia4Sale has also invested in
physical  auction  companies  and  sites  around Asia, combining this profitable
business  with  its  Internet auction business. Having established a base in the
Asian  industrial  auction  market, AuctionAsia is expanding to exploit the huge
potential  market  offered  by  the  sale of industrial-sized lots of Asian-made
components  and  products.  AuctionAsia feels that this is a niche with enormous
growth  potential:  U.S.  businesses,  who  are  among  the largest consumers of
Asian-made  components  and  raw  materials,  are  familiar with the web auction
process  and will be natural customers for Asian businesses that wish to sell in
this  efficient  and  practical  way. AuctionAsia will also continue its current
strategy of investing in and providing Internet support for physical auctions of
industrial  equipment  throughout  Asia.  This  business  is  currently yielding
revenues and earnings, which will be reinvested so as to develop the capacity to
hold  direct  Internet  auctions  of  Asian-made  components, raw materials, and
finished  goods.



                                        4
<PAGE>
BarterAsia  was  organized  to develop and exploit the barter potential of Asian
economies. It functions as a third party record keeper for a group of businesses
that  trade goods and services instead of paying cash. Barter allows them to buy
what  they  need  and  pay  for  it with otherwise unsold products and services,
reducing cash outflow and converting unused assets to productive use. BarterAsia
maintains  an  intricate barter system, achieving the same flexibility in barter
trades  that  is  offered  through  traditional  cash  transactions.

Asia4Sale.com  Ltd.  is  the  parent  of  Asia  Sales Phils. Inc., a trading and
investment  company with operations in Subic Bay, Philippines. Asia Sales Phils.
Inc.  invests  primarily in physical auctions, thus complementing and augmenting
the  Internet-based  operations  of  AuctionAsia.

PRODUCT  SOURCING

Initial product sourcing was conducted in Hong Kong. Many initial suppliers were
Hong  Kong  companies  manufacturing  in  the  Pearl  Delta  region; others were
manufacturers  in  China  with  representative  offices  in  Hong  Kong.

Asia4Sale  is  now  broadening  its  product  sourcing  to  other Asian regions.
Products  from  the  Philippines  were  brought  on-line in early 2000. Over 300
suppliers  from Hong Kong, China and the Philippines are now providing over 5000
products.  A Taiwan office will open during the middle of 2000, and another 5000
products  are  expected  from  Taiwan.

Negotiations are currently underway for an Australian and Japanese presence, and
South  Korea  is  under  investigation.  Asia4Sale  also  intends to expand into
Thailand,  Malaysia,  Singapore,  Indonesia,  and  India.

To accomplish this, Asia4Sale is establishing a network of additional collection
and  distribution  points  in  different  Asian  countries.  Each office will be
responsible  for  sourcing  products  from  that  country  and arranging for the
collection  from  the  manufacturer,  and  subsequent  delivery to the consumer.

COMPETITION

SHOPPINGASIA

The competition may be divided into four broad categories:

1.   Traditional  retailers.  These compete with all e-commerce sites for actual
     purchases.  The  rapid  rise  of  e-commerce is well documented though, and
     there  is  no  doubt  that  the e-commerce share of the market is expanding
     exponentially.  Asia4Sale's  task  is to achieve a significant slice of the
     e-commerce  market,  and  does  not  traditional  retailers  as significant
     competitors.

2.   Established  e-retailers.  These  conventional  e-commerce  sites  have the
     advantage  of  being  well  established  and  having  existing customer and
     product  bases.  It is easy though, for them to become victims of their own
     size:  the  sheer  volume  of  products available inevitably makes shopping
     cumbersome  and makes targeted marketing difficult. Asia4Sale believes that
     smaller,  specialized  stores, managed by individuals who are familiar with
     the  products  they  are selling and often selling to their own associates,


                                        5
<PAGE>
     will quickly erode the market share of the e-commerce giants. An additional
     competitive  advantage  of  Asia4Sale is that products are sourced directly
     from  manufacturers,  eliminating intermediary costs and enabling Asia4Sale
     to  offer  highly  competitive  prices  while  retaining  solid  margins.

3.   Internet  affiliate  marketing  operators. Affiliate marketing has become a
     popular  concept,  and  a number of companies, from established giants like
     Yahoo!  and  Amazon.com  to new entries like Affinia, are competing for the
     attention  of  commerce-oriented  web  users.  Asia4Sale's  system  offers
     distinct  advantages  over  any other affiliate marketing system. Asia4Sale
     believes  that  it provides the best affiliate marketing opportunity on the
     Internet,  with  a  combination  that will achieve sustained growth in both
     number  of  stores  and  per  store  sales.

4.   E-commerce  ASPs.  At  this  time,  Asia4Sale  is  not  aware  of any other
     Application  Service  Provider  that  offers  a similar e-commerce back-end
     solution  to retailers moving onto the web. Competitors will unquestionably
     emerge. The niche is enormous though, and Asia4Sale will have the advantage
     of  being  among  the  first  to  offer  this  service.

AUCTIONASIA

Existing  web  auction  businesses  are  almost  exclusively devoted to the high
profile  direct-to-consumer  market.  Business-to-business auctions have enjoyed
some  success  in  the  U.S. market, but have yet to penetrate the Asian market.
AuctionAsia  feels  that  this  is  a niche with enormous growth potential: U.S.
businesses,  which  are among the largest consumers of Asian-made components and
raw  materials,  are  familiar  with the web auction process and will be natural
customers for Asian businesses that wish to sell in this efficient and practical
way. Asian businesses participating in the regional infrastructure boom are also
natural  customers  for  auctions  of  industrial  equipment.  In  both  cases,
AuctionAsia  is  moving  into these potentially profitable regional niches where
little  or  no  competition  exists.

BARTERASIA

Like  AuctionAsia,  BarterAsia  is  moving  into  an  area  where no significant
competition exists. In effect, BarterAsia is creating the business. Expansion is
expected  to  follow  the e-commerce adoption curve, increasing slowly at first,
and then more rapidly as Internet-based commerce gains acceptance in the region.
Analysts  believe  that  Asian  e-commerce  will  be  primarily  driven  by
business-to-business and supply-chain needs, both of which are ideally suited to
barter  transactions.  It is expected that competition will emerge as the market
niche grows, but BarterAsia will have 'first mover' advantage and the ability to
refine  its  operating  systems  as  the  market  grows.

OUTLOOK

SHOPPINGASIA

Asia4Sale  aims  to  bring  products  into  the  market  at  a total price lower
(inclusive  of  shipping costs) than similar products found in stores in Western
countries.

ShoppingAsia's  operating  strategy  revolves  around  developing  the  largest
possible  number  of  basic/free  stores  as  quickly  as  possible, providing a
continuously  expanding  range  of  products for them to sell, and providing the
store  operators  with  fast  and  efficient back-end services. These basic/free


                                        6
<PAGE>
stores  will be profitable, but margins are expected to be small. The basic/free
storeowners  though,  are  expected to become fertile recruiting grounds for the
upgraded  stores.  Conversion  of  effective  basic  operations to higher-margin
upgraded  stores  is  an  integral  part  of  the  ShoppingAsia  strategy.

Advanced  upgraded stores, with services aimed primarily at business users, will
be promoted separately, with sales efforts initially focusing on Asian producers
who  need  to move to the Internet but do not have the technical resources to do
so.  ShoppingAsia  will use target-specific advertising and direct approaches to
potential  clients  to  develop  an  advanced-upgrade  customer  base.

Asia4Sale  opened  a  new  office  in Tempe, Arizona in the United States in May
2000.  This  office will act as a center of operations for Asia4Sale's worldwide
marketing  effort.  From  this new office, as well as its established offices in
Asia,  Asia4Sale  will conduct direct marketing, e-mail, telephone, post and fax
country  campaigns  aimed  at  dramatically  increasing the number of basic/free
stores  opened  each  month,  and at encouraging key markets around the world to
purchase  and  successfully  operate  premium  Asia4Sale  on-line  stores.

Asia4Sale  will also attract new storeowners and expand its network of worldwide
stores  by  advertising  extensively  in  key  traditional  print media, through
on-line media, on selected radio stations in target markets, and through the use
of  infomercials.

AUCTIONASIA

AuctionAsia  will  continue  its  current strategy of investing in and providing
Internet  support for physical auctions of industrial equipment throughout Asia.
This  business  is currently yielding solid revenues and earnings, which will be
plowed  back  into  developing  the capacity to hold direct Internet auctions of
Asian-made components, raw materials, and export-oriented finished goods. Again,
this  service  will  rely  on  targeted  advertising  and  direct  approaches to
potential  clients  to  develop  a  customer  base.

BARTERASIA

BarterAsia  occupies  a niche in two businesses that are relatively new to Asia:
barter  and e-commerce. Its growth rate, therefore, will be heavily dependent on
the  adoption curves for these businesses, and is expected to be relatively slow
over  the  next  year.  BarterAsia's  strategy  will focus on gradual expansion,
attracting clients that are likely to be long-term members of the barter network
and  developing positive publicity that will draw attention to the advantages of
web-based  barter.  Web-based  barter  is  ideally  suited to the Asian business
scene, and effective positioning now to take advantage of its eventual expansion
is  more  important  than  immediate  growth.

EMPLOYEES

As  of  March  31,  2000  the  Company and its subsidiaries employed 8 full-time
employees,  including  four  managers,  two  sales  and  marketing  and  two
administrative-support  personnel. None of the Company's employees is subject to
a  collective  bargaining agreement. The Company believes its relations with its
employees  are  good.  Presently,  customer service, website hosting and website
development  are  being outsourced to non-affiliated companies in Hong Kong, the
Philippines  and  the  United States. At the time of writing, there are plans to
add  an  additional  5-7  employees to staff the Company's US sales operation in
Tempe,  Arizona.


                                        7
<PAGE>
ITEM 2. DESCRIPTION OF PROPERTY

The  Company  conducts  operations from its leased premises located at 2465 West
12th  Street,  Suite  2  in  Tempe,  Arizona.  The  leased  property consists of
approximately  1,700  square feet, which includes 700 square feet of warehousing
space.  Annual  lease  payments  for  this  facility  are $17,748, escalating to
$24,072  by  the  third  and  final  year  of  the  lease.

The  Company shares office space at 12A First Pacific Bank Centre, 56 Gloucester
Road,  Wanchai, Hong Kong with Momentum Internet Inc. Annual rental payments for
this  facility  are  HK  $60,000  (or approx. US $7,722) per year. This facility
contains  the  offices  of  the  President,  Chief  Financial Officer, Marketing
Manager  and  administrative  support  staff.

The  Company  also  rents  facilities at Building 8480, Subic Bay Freeport Zone,
Subic  Bay,  Philippines  2200. Annual payments for this facility are $4,680 per
year.  This  facility  houses  the operations of Asia Sales Philippines, Inc., a
wholly  owned  subsidiary.

The  Company  believes that the facilities described above are adequate for both
its  current  and  foreseeable  needs.

ITEM  3.  LEGAL  PROCEEDINGS

There is no information relevant to the Registrant which must be disclosed under
Item  3.

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

No  matter  was  submitted  to a vote of security holders during the fiscal year
ended  December  31,  1999.

                                    PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

The  Registrant's  common  stock  is traded on the NASD OTC BB under the trading
symbol  AFSI.

MARKET INFORMATION

STOCK PRICE

The  table below presents the high and low bid prices of the Registrant's common
stock at two-week intervals since the inception of trading on February 18, 2000.
No  market  data  for  periods  prior  to  this  date  are  presented.

          DATE                    HIGH PRICE              LOW PRICE

       Feb 18, 2000                $10.000                 $ 9.375
       Mar 01, 2000                $10.000                 $10.000
       Mar 15, 2000                $10.500                 $10.500
       Mar 30, 2000                $10.375                 $ 9.875
       Apr 14, 2000                $10.500                 $ 8.000
       Apr 28, 2000                $ 9.5000                $ 9.000
       May 16, 2000                $ 8.875                 $ 8.875


                                        8
<PAGE>
HOLDERS

As of December 31, 1999, there were approximately 125 shareholders of record.

DIVIDENDS

To  date,  the  Company has not declared or paid any cash dividends with respect
to  its  Common  Stock,  and  the current policy of the Board of Directors is to
retain earnings, if any, to provide for expansion and development. Consequently,
no cash dividends are expected to be paid on the Common Stock in the foreseeable
future.  Further,  there  can  be no assurance that the future operations of the
Company  will  generate  the  revenues  and  cash  flow needed to declare a cash
dividend or that the Company will have legally available funds to pay dividends.

ITEM  6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

RESULTS  OF  OPERATIONS


Revenues  for  the fiscal year ended December 31, 1999 were $0. Revenues for the
corresponding period in 1998 were $0. The Company had no revenues during the two
fiscal  years  before  it  acquired  Asia4Sale.com  Ltd.  on  February  7, 2000.

Expenses  for the fiscal year ended December 31, 1999 were $1,285 as compared to
$100  for  the  year  ended  December  31,  1998.

Income  (Loss)  from  Operations for the year ended December 31, 1999 was $1,285
and  the  Net  Loss for the same period was $(1,285) or $(0.00) per common share
outstanding.

FINANCIAL CONDITION, CAPITAL RESOURCES AND LIQUIDITY

The  Company  had no assets as of December 31, 1999. Liquidity in future periods
will  be  contingent upon internally generated cash flows, the ability to obtain
adequate  financing  for capital expenditures and financing when needed, and the
amount  of increased working capital necessary to support expected growth in the
Company's subsidiary, Asia4Sale.com Ltd. which was acquired on February 7, 2000.

Between  February  7  and March 31, 2000 the Company sold 800,000 new restricted
shares of its Common Stock at an offering price of $2.50 per share. The proceeds
of  this  offering were to be used to fund future expansion, planned capital and
operating  expenditures  and other financial contingencies. As of March 31, 2000
the  Company  had  working  capital  of  approximately  $1.8  million.

Based  on  capitalization  as  of March 31, 2000, the Company then believed that
future cash flows from operations and the availability of alternative sources of
external  financing would be sufficient to meet all anticipated requirements for
planned  operating and capital expenditures and would provide adequate liquidity
for  the  foreseeable  future.


FORWARD-LOOKING  STATEMENTS

This  Form 10-KSB contains certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and  Section  21E  of  the  Securities  Exchange  Act  of  1934, as amended (the
"Exchange  Act"),  which  are intended to be covered by the safe harbors created


                                        9
<PAGE>
thereby.  Investors  are  cautioned  that all forward-looking statements involve
risks  and uncertainty, including without limitation, the ability of the Company
to  develop  its products, as well as general market conditions, competition and
pricing.  Although  the  Company  believes  that  the assumptions underlying the
forward-looking  statements  contained  herein  are  reasonable,  any  of  the
assumptions  could  be inaccurate, and therefore, there can be no assurance that
the  forward-looking  statements  included  in this Form 10-KSB will prove to be
accurate.  In  light  of  the  significant  uncertainties  inherent  in  the
forward-looking  statements  included  herein, the inclusion of such information
should  not  be  regarded as a representation by the Company or any other person
that  the  objectives  and  plans  of  the  Company  will  be  achieved.

ITEM 7. FINANCIAL STATEMENTS


                              ASIA4SALE.COM, INC.
                   (FORMERLY H & L INVESTMENTS, INCORPORATED)
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                                DECEMBER 31, 1999


                                       10
<PAGE>
                                    CONTENTS


Independent Auditors' Report . . . . . . . . . . . . . . . . . . . . . . . .  12

Balance Sheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  13

Statements of Operations . . . . . . . . . . . . . . . . . . . . . . . . . .  14

Statements of Stockholders' Equity (Deficit) . . . . . . . . . . . . . . . .  15

Statements of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . .  16

Notes to the Financial Statements. . . . . . . . . . . . . . . . . . . . . .  17


                                       11
<PAGE>
                          INDEPENDENT AUDITORS' REPORT
                          ----------------------------



To the Board of Directors
Asia4Sale.com, Inc.
(Formerly H & L Investments, Incorporated)
(A Development Stage Company)
Tempe, Arizona

We  have audited the accompanying balance sheet of Asia4Sale.com, Inc. (Formerly
H  & L Investment, Incorporated)(a development stage company) as of December 31,
1999  and  the related statements of operations, stockholders' equity (deficit),
and  cash  flows  for  the  four months ended 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  audit.  The  financial  statements  of  Asia4Sale.com, Inc. (Formerly H & L
Investment,  Incorporated)(a  development  stage  company)  for  the  year ended
December  31,  1998  and for the eight months in the period ended August 31,1999
were  audited  by other auditors whose report dated September 1, 1999, expresses
an  unqualified  opinion  on  the  financial statements for August 31, 1999. Our
opinion, insofar as it relates to the amounts for those periods, is based solely
on  the  report  of  the  other  auditors.

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

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the financial position of Asia4Sale.com, Inc. (Formerly H
&  L  Investment,  Incorporated)(a development stage company) as of December 31,
1999  and  the  results of its operations and its cash flows for the years ended
December  31,  1999  and 1998 in conformity with accounting principles generally
accepted  in  the  United  States  of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 6 to the
financial  statements,  the  Company's  recurring  losses from operations raises
substantial  doubt  about  its  ability  to  continue  as  a  going  concern.
Management's  plans  concerning these matters are also described in Note 6.  The
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.

/s/ HJ & Associates, LLC

HJ & Associates, LLC
Salt Lake City, Utah
February 15, 2002


                                       12
<PAGE>
<TABLE>
<CAPTION>
                              ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                                  Balance Sheet

                                     ASSETS
                                     ------

                                                           December 31,
                                                               1999
                                                          --------------
<S>                                                       <C>
CURRENT ASSETS

  Cash                                                    $           -
                                                          --------------

    TOTAL ASSETS                                          $           -
                                                          ==============

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES

  Accounts payable                                        $           -
                                                          --------------

    Total Current Liabilities                                         -
                                                          --------------

    TOTAL LIABILITIES                                                 -
                                                          --------------

STOCKHOLDERS' EQUITY (DEFICIT)

  Common stock authorized: 100,000,000 common shares
    at $0.001 par value; 2,000,000 shares
    issued and outstanding                                        2,000
  Additional paid in capital                                        485
  Retained deficit                                               (1,200)
  Deficit accumulated during the development stage               (1,285)
                                                          --------------

    Total Stockholders' Equity (Deficit)                              -
                                                          --------------

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)  $           -
                                                          ==============
</TABLE>


                                       13
<PAGE>
<TABLE>
<CAPTION>
                              ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                            Statements of Operations

                                                            From
                                                      Inception of the
                                                         Development
                                       For the          Stage on July
                                     Years Ended          9, 1999
                                    December 31,          through
                            --------------------------  December 31,
                                1999          1998          1999
                            ------------  ------------  -------------
<S>                         <C>           <C>           <C>

REVENUES                    $         -   $         -   $          -

EXPENSES

  General and administrative      1,285           100          1,285
                            ------------  ------------  -------------

    Total Expenses                1,285           100          1,285
                            ------------  ------------  -------------

LOSS FROM OPERATIONS             (1,285)         (100)        (1,285)
                            ------------  ------------  -------------

NET LOSS                    $    (1,285)  $      (100)  $     (1,285)
                            ============  ============  =============

BASIC LOSS PER SHARE        $     (0.00)  $     (0.00)
                            ============  ============

WEIGHTED AVERAGE NUMBER OF
  SHARES                      2,000,000     2,000,000
                            ============  ============
</TABLE>


                                       14
<PAGE>
<TABLE>
<CAPTION>
                                 ASIA4SALE.COM, INC.
                      (Formerly H & L Investments, Incorporated)
                             (A Development Stage Company)
                     Statements of Stockholders' Equity (Deficit)
            From Inception on September 23, 1996 Through December 31, 1999

                                                                                    Deficit
                                             Additional                           Accumulated
                                          Common Stock                             During the
                                      -------------------   Paid-in   Retained    Development
                                        Shares     Amount   Capital    Deficit       Stage
                                      ---------  --------  ---------  ----------  -------------
<S>                                   <C>        <C>       <C>        <C>         <C>

Balance at inception on
 September 23, 1996                           -  $      -  $      -   $       -   $          -

Common stock issued for services      2,000,000     2,000    (1,000)          -              -

Net loss from inception on
 September 23, 1998 to December 31,
 1996                                         -         -         -      (1,000)             -
                                      ---------  --------  ---------  ----------  -------------

Balance, December 31, 1996            2,000,000     2,000    (1,000)     (1,000)             -

Net loss for the year ended
 December 31, 1997                            -         -         -        (100)             -
                                      ---------  --------  ---------  ----------  -------------

Balance, December 31, 1997            2,000,000     2,000    (1,000)     (1,100)             -

Net loss for the year ended
 December 31, 1998                            -         -         -        (100)             -
                                      ---------  --------  ---------  ----------  -------------

Balance, December 31, 1998            2,000,000     2,000    (1,000)     (1,200)             -

Capital contributed by share holders          -         -     1,485           -              -

Net loss for the year ended
 December 31, 1999                            -         -         -           -         (1,285)
                                      ---------  --------  ---------  ----------  -------------

Balance, December 31, 1999            2,000,000  $  2,000  $    485   $  (1,200)  $     (1,285)
                                      =========  ========  =========  ==========  =============
</TABLE>


                                       15
<PAGE>
<TABLE>
<CAPTION>
                                       ASIA4SALE.COM, INC.
                           (Formerly H & L Investments, Incorporation)
                                   (A Development Stage Company)
                                     Statements of Cash Flows

                                                                                          From
                                                                                      Inception of
                                                                                      the Develop-
                                                               For the                 ment Stage
                                                             Years Ended               on July 9,
                                                             December 31,             1999 through
                                                     ------------------------------   December 31,
                                                          1999            1998            1999
                                                     --------------  --------------  --------------
<S>                                                  <C>             <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES

  Net loss                                           $      (1,285)  $        (100)  $      (1,285)
  Adjustments to reconcile net loss to net cash used
   by operating activities:
  Changes in operating assets and liability accounts:
    Increase (decrease) in accounts payable                   (200)            100            (200)
                                                     --------------  --------------  --------------

      Net Cash (Used) by Operating Activities               (1,485)              -          (1,485)
                                                     --------------  --------------  --------------

CASH FLOWS FROM INVESTING ACTIVITIES                             -               -               -
                                                     --------------  --------------  --------------

CASH FLOWS FROM FINANCING ACTIVITIES

  Capital contributed by shareholder                         1,485               -           1,485
                                                     --------------  --------------  --------------

    Net Cash Provided by Financing Activities                1,485               -           1,485
                                                     --------------  --------------  --------------

NET (DECREASE) IN CASH                                           -               -               -

CASH AT BEGINNING OF PERIOD                                      -               -               -
                                                     --------------  --------------  --------------

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

CASH PAYMENTS FOR:

  Income taxes                                       $         250   $           -   $         250
  Interest                                           $           -   $           -   $           -

SCHEDULE OF NON-CASH FINANCING ACTIVITIES:
</TABLE>


                                       16
<PAGE>
                               ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          a.  Organization

          The  Company was incorporated under the laws of the State of Nevada on
          September 23, 1996. The Company ceased all operating activities during
          the  period from September 23, 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 has
          been  in  the  developmental  stage,  and  has  not  commenced planned
          principal  operations.

          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.

          b.  Cash  and  Cash  Equivalents

          For the 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.

          c.  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  asset  and
          liabilities and disclosure of contingent assets and liabilities at the
          date  of  the  financial  statements  and  the reported period. Actual
          results  could  differ  from  those  estimates.

          d.  Basic  Loss  Per  Share

          The  following  is  an  illustration  of  the  reconciliation  of  the
          numerators  and  denominators of the basic loss per share calculation:

<TABLE>
<CAPTION>
                                                           For the
                                                         Years Ended
                                                         December 31,
                                                   ------------------------
                                                      1999         1998
                                                   -----------  -----------
<S>                                                <C>          <C>
Net loss (numerator)                               $   (1,285)  $     (100)

Weighted average shares outstanding (denominator)   2,000,000    2,000,000
                                                   -----------  -----------

Basic loss per share                               $    (0.00)  $    (0.00)
                                                   ===========  ===========
</TABLE>

          Basic loss per share has been calculated based on the weighted average
          number  of  shares  of  common  stock  outstanding  during the period.


                                       17
<PAGE>
                               ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

          e.  Revenue  Recognition

          The  Company  currently has no source of revenues. Revenue recognition
          policies  will  be  determined  when  principal  operations  begin.

          f.  Subsequent  Accounting  Pronouncements

          The  Company  has  adopted  the  provisions  of FASB Statement No. 138
          "Accounting for Certain Derivative Instruments and Hedging Activities,
          (an  amendment  of  FASB  Statement No. 133.)" Because the Company had
          adopted  the  provisions  of FASB Statement No. 133, prior to June 15,
          2000,  this  statement  is effective for all fiscal quarters beginning
          after  June  15,  2000. The adoption of this principle had no material
          effect  on  the  company's  financial  statements.

          The  Company  has  adopted  the  provisions  of FASB Statement No. 140
          "Accounting  for  Transfers  and  Servicing  of  Financial  Assets and
          Extinguishments  of  Liabilities  (a replacement of FASB Statement No.
          125.)"  This statement provides accounting and reporting standards for
          transfers  and  servicing  of  financial assets and extinguishments of
          liabilities.  Those standards are based on consistent application of a
          financial-components  approach  that  focuses  on  control. Under that
          approach, the transfer of financial assets, the Company recognized the
          financial  and servicing assets it controls and the liabilities it has
          incurred,  derecognizes  financial  assets  when  control  has  been
          surrendered,  and  derecognizes  liabilities  when  extinguished. This
          statement  provides  consistent standards for distinguishing transfers
          of  financial  assets  that  are sales from transfers that are secured
          borrowings. This statement is effective for transfers and servicing of
          financial  assets  and  extinguishments of liabilities occurring after
          March  31,  2001.  This  statement  is  effective  for recognition and
          reclassification  of  collateral  and  for  disclosures  relating  to
          securitization  transactions  and  collateral  for fiscal years ending
          after  December  15,  2000.  The  adoption  of  this  principle had no
          material  effect  on  the  Company's  financial  statements.

          The  Company  had  adopted  the  provisions  of FIN 44 "Accounting for
          Certain  Transactions  Involving Stock Compensation (an interpretation
          of  APB  Opinion  No.  25.)"  This interpretation is effective July 1,
          2000.  FIN  44  clarifies  the  application of Opinion No. 25 for only
          certain  issues.  It  does  not  address  any  issues  related  to the
          application of the fair value method in Statement No. 123. Among other
          issues,  FIN  44  clarifies the definition of employee for purposes of
          applying  Opinion  25,  the  criteria  for  determining whether a plan
          qualifies  as  a  noncompensatory  plan, the accounting consequence of
          various  modifications to the terms of a previously fixed stock option
          or  award, and accounting for an exchange of stock compensation awards
          in  a  business  combination.  The  adoption  of this principle had no
          material  effect  on  the  Company's  financial  statements.


                                       18
<PAGE>
                              ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

          f.  Subsequent  Accounting  Pronouncements  (Continued)

          SFAS  NO.'S  141  AND  142  --  In June 2001, the Financial Accounting
          Standards  Board  (FASB)  adopted  Statement  of  Financial Accounting
          Standards  SFAS  No.  141,  "Business Combinations," and SFAS No. 142,
          "Goodwill  and  Other Intangible Assets." SFAS No. 141 is effective as
          to  any business combination occurring after June 30, 2001 and certain
          transition provisions that affect accounting for business combinations
          prior  to June 30, 2001 are effective as of the date that SFAS No. 142
          is  applied  in  its  entirety,  which will be January 1, 2002 for the
          Company.  SFAS  No.  142  is  effective,  generally,  in  fiscal years
          beginning  after  December  15,  2001,  which  will be the fiscal year
          ending  April  30,  2002  for  the  Company.

          SFAS  No.  141  provides  standards  for  accounting  for  business
          combinations.  Among  other things, it requires that only the purchase
          method  of  accounting  be  used  and  that  certain intangible assets
          acquired  in  a  business  combination  (i.e.  those  that result from
          contractual  or other legal rights or are separable) be recorded as an
          asset  apart  from goodwill. The transition provisions require that an
          assessment  be  made  of  previous  business  combinations  and,  if
          appropriate,  reclassifications  be made to or from goodwill to adjust
          the  recording  of  intangible  assets  such  that  the  criteria  for
          recording  intangible  assets  apart  from  goodwill is applied to the
          previous  business  combinations.

          SFAS  No.  142  provides,  among  other  things,  that  goodwill  and
          intangible  assets  with  indeterminate  lives shall not be amortized.
          Goodwill  shall  be assigned to a reporting unit and annually assessed
          for  impairment.  Intangible  assets  with  determinate lives shall be
          amortized  over  their  estimated  useful lives, with the useful lives
          reassessed  continuously,  and  shall be assessed for impairment under
          the  provisions  of  SFAS  No.  121, "Accounting for the Impairment of
          Long-Lived  Assets  and  for  Long-Lived  Assets  to  be Disposed Of."
          Goodwill  is  also  assessed  for  impairment on an interim basis when
          events  and  circumstances warrant. Upon adoption of SFAS No. 142, the
          Company  will  assess  whether an impairment loss should be recognized
          and  measured  by  comparing the fair value of the "reporting unit" to
          the  carrying value, including goodwill. If the carrying value exceeds
          fair  value,  then  the Company will compare the implied fair value of
          the  goodwill"  (as defined in SFAS No. 142) to the carrying amount of
          the  goodwill.  If  the  carrying  amount  of the goodwill exceeds the
          implied  fair value, then the goodwill will be adjusted to the implied
          fair  value.

          While  the  Company  has  not completed the process of determining the
          effect  of  these  new  accounting  pronouncements on its consolidated
          financial statements, the Company currently expects that there will be
          no  reclassification  in  connection with the transition provisions of
          SFAS  No.  141  based  on  clarifications of the transition provisions
          issued  by  the FASB in October 2001. Accordingly, the Company expects
          that, after implementation of SFAS No. 142, all intangible assets will
          be  amortizable  and  the  goodwill  will  not  be  amortizable.



                                       19
<PAGE>
                              ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

          f.  Subsequent  Accounting  Pronouncements  (Continued)

          SFAS  NO.  143  --  On  August 16, 2001, the FASB issued SFAS No. 143,
          "Accounting  for Asset Retirement Obligations," which is effective for
          fiscal  years  beginning  after  June  15,  2002.  It  requires  that
          obligations  associated  with  the retirement of a tangible long-lived
          asset  be recorded as a liability when those obligations are incurred,
          with  the  amount  of  the liability initially measured at fair value.
          Upon  initially  recognizing  a  liability  for  an accrued retirement
          obligation,  an  entity  must  capitalize  the  cost by recognizing an
          increase  in the carrying amount of the related long-lived asset. Over
          time,  the liability is accreted to its present value each period, and
          the  capitalized  cost  is  depreciated  over  the  useful life of the
          related  asset.  Upon  settlement  of  the liability, an entity either
          settles  the  obligation  for  its recorded amount or incurs a gain or
          loss  upon settlement. While the Company has not completed the process
          of  determining the effect of this new accounting pronouncement on its
          consolidated  financial statements, the Company currently expects that
          the effect of SFAS No. 143 on the Company's financial statements, when
          it  becomes  effective,  will  not  be  significant.

          SFAS NO. 144 -- On October 3, 2001, the Financial Accounting Standards
          Board  issued SFAS No. 144, "Accounting for the Impairment or Disposal
          of  Long-Lived  Assets"  which  is  effective for financial statements
          issued  for  fiscal  years  beginning  after  December  15,  2001 and,
          generally,  its  provisions  are to be applied prospectively. SFAS 144
          supercedes  SFAS  Statement  No.  121  (FAS  121), "Accounting for the
          Impairment  of  Long-Lived  Assets  and  for  Long-Lived  Assets to Be
          Disposed  Of."  SFAS  144  applies to all long-lived assets (including
          discontinued operations) and consequently amends Accounting Principles
          Board  Opinion  No.  30  (APB  30),  "Reporting  Results of Operations
          Reporting  the  Effects  of  Disposal  of  a  Segment  of a Business."

          SFAS  144  develops  one  accounting model (based on the model in SFAS
          121) for long-lived assets that are to be disposed of by sale, as well
          as  addresses  the  principal implementation issues. SFAS 144 requires
          that  long-lived assets that are to be disposed of by sale be measured
          at  the  lower  of  book  value  or fair value less cost to sell. That
          requirement  eliminates  the  requirement  of APB 30 that discontinued
          operations  be  measured  at  net  realizable  value  or that entities
          include  under  "discontinued  operations" in the financial statements
          amounts for operating losses that have not yet occurred. Additionally,
          FAS  144  expands  the scope of discontinued operations to include all
          components  of an entity with operations that (1) can be distinguished
          from  the  rest  of  the  entity  and  (2) will be eliminated from the
          ongoing  operations  of  the  entity  in  a  disposal  transaction.

          While  the  Company  has  not completed the process of determining the
          effect  of  this  new  accounting  pronouncement  on  its consolidated
          financial statements, the Company currently expects that the effect of
          SFAS  No.  144  on the Company's financial statements, when it becomes
          effective,  will  not  be  significant.


                                       20
<PAGE>
                              ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 2 -  INCOME TAXES

          At  December  31, 1999, the Company has an operating loss carryforward
          available  to  offset  future  taxable  income of approximately $2,500
          which  will  expire  in  2019.  If substantial changes in the Companys
          ownership  should  occur,  there would also be an annual limitation of
          the  amount  of  NOL  carryforwards  which  could  be utilized. No tax
          benefits of the loss carryforwards are offset by a valuation allowance
          of  the  same  amount.

          The  income  tax  benefit  differs from the amount computed at federal
          statutory  rates  of  approximately  38%  as  follows:

<TABLE>
<CAPTION>
                                      For the Years Ended
                                         December  31,
                                      -------------------
                                         1999      1998
                                      ---------  --------
<S>                                   <C>        <C>
Income tax benefit at statutory rate  $    494   $    38
Change in valuation allowance             (494)      (38)
                                      ---------  --------

                                      $      -   $     -
                                      =========  ========
</TABLE>

          Deferred tax assets (liabilities) are comprised of the following:

<TABLE>
<CAPTION>
                                      For the Years Ended
                                         December  31,
                                      -------------------
                                         1999      1998
                                      ---------  --------
<S>                                   <C>        <C>
Income tax benefit at statutory rate  $    950   $   456
Change in valuation allowance             (950)     (456)
                                      ---------  --------

                                      $      -   $     -
                                      =========  ========
</TABLE>

          Due  to  the  change  in ownership provisions of the Tax Reform Act of
          1986,  net  operating  loss  carryforwards  for  Federal  income  tax
          reporting  purposes are subject to annual limitations. Should a change
          in ownership occur, net operating loss carryforwards may be limited as
          to  use  in  future  years.

NOTE 3 -  DEVELOPMENTAL STAGE COMPANY

          The  Company has not begun principal operation 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  facilitates.


                                       21
<PAGE>
                               ASIA4SALE.COM, INC.
                   (Formerly H & L Investments, Incorporated)
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 1999 and 1998

NOTE 5 -  STOCK  SPLIT

          On May 6, 1999 the Board of Directors authorized a 1,000 for 1 forward
          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. All
          references  in  the accompanying financial statements to the number of
          common  shares and per-share amounts have been restated to reflect the
          stock  split.

NOTE 6 -  GOING CONCERN

          The  Company's  financial  statements  are  prepared  using  generally
          accepted  accounting  principles  applicable  to a going concern which
          contemplates  the realization of assets and liquidation of liabilities
          in  the  normal  course  of  business. The Company has not established
          revenues  sufficient  to  cover  its  operating  costs and allow it to
          continue  as  a  going concern. Management intends to raise additional
          funds  through  private  placements  and  to  seek  a  merger  with an
          existing,  operating  company.  In  the  interim,  it has committed to
          meeting  the  Company's  minimal  operating  expenses.

NOTE 7 -  RELATED PARTY TRANSACTION

          A shareholder of the company paid $1,485 to the company to pay for the
          Company's operating expenses. This payment to the company was recorded
          as  an  increase  to  additional  paid  in  capital.

NOTE 8 -  SUBSEQUENT EVENTS

          On  February 7, 2000 the Company acquired Asia 4 Sale.com, Ltd. (Ltd),
          a  corporation,  and  its wholly owned subsidiary by issuing 9,000,000
          shares  of  restricted common stock. The transaction will be accounted
          for  as  a  purchase.

          In  August 2000 the Company acquired a 72.2% interest in WWA WorldWide
          Auctioneers (USA), Inc. (WWA), a Nevada Corporations with subsidiaries
          in  Germany,  The Netherlands, United Arab Emirates and Singapore. The
          Company  paid  $980,000  cash  for  7,800,000  shares.

          In 2001, the Company transferred 200,000 of these share to venders and
          employees for services rendered. Subsequent to the acquisition WWA has
          issued  additional  shares  diluting  the  Company's  percentage  of
          ownership.  The  transaction  will  be  accounted  for  as a purchase.

          In  September  2000  the  Company sold the subsidiary of Ltd to WWA in
          exchange  for  debt  of  $280,000.

          In  December  2000 the Company approved a 2 for 1 forward stock split.
          The financials have been retroactively adjusted to reflect this split.

          In  2000,  the  Company  sold  800,000 (pre-split) shares of stock for
          cash.  The  shares  were  issued  in  2001.  In 2001, the Company sold
          4,863,000  (post-split)  shares  of  stock  for  cash. Of these shares
          1,963,000  shares were issued in November 2001 and the balance are due
          to  be  issued  in  April  2002.


                                       22
<PAGE>
ITEM 8. CHANGE IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURES

There is no information relevant to the Registrant which occurred during the two
most  recent  fiscal  years ended on or prior to December 31, 1999 which must be
disclosed  under  Item  8.  On  August  24, 2001, the Registrant filed a Current
Report  on  Form  8-K  announcing that the Registrant, on May 15, 2001, formally
dismissed  HJ  &  Associates  L.L.C.  as  its certifying accountant, and that on
February  21,  2001  the Registrant entered into an engagement letter with Grant
Thornton  Hong  Kong  to  assume  the role of its new certifying accountant.  On
December  31, 2001, the Registrant filed a Current Report on Form 8-K announcing
that  the  Registrant,  on  November 19, 2001, formally dismissed Grant Thornton
Hong  Kong  as  its  certifying  accountant,  and  that  on November 7, 2001 the
Registrant  entered  into  an  engagement letter with HJ & Associates, L.L.C. to
assume the role of its new certifying accountant.  Both of these Current Reports
on  Form  8-K  are  incorporated  herein  by  this  reference.


                                    PART III

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

The  following  table  contains  the  name and position with the Company of each
director  and  executive  officer  appointed on February 10, 2000. Directors are
elected  to  a  one  year  term,  to  serve  until  the  next  annual meeting of
shareholders  and until their successors are duly elected and qualified or until
their  earlier  resignation,  removal  from  office,  or  death.  The respective
background  of  each  director  and executive officer is described following the
table.

Brian J. Hodgson     President and Director              Appointed February 2000
James Emberton       CFO and Director                    Appointed February 2000
Gregory F. Hunter    VP - Operations and Director        Appointed February 2000
Adrian Wiest         VP - Auctions                       Appointed February 2000
Eric Montandon       Director                            Appointed February 2000

BRIAN  HODGSON,  PRESIDENT

Mr.  Hodgson  has  15  years experience in advertising sales. In Asia he was the
Sales Director for Forbes (Chinese edition) and Travel News Asia. Before that he
worked  for  News  Ltd.  in  Sydney  and for The Guardian in London. In 1997 Mr.
Hodgson  founded  Pacific  Barter,  and  Asian  barter exchange company. Pacific
Barter  was  acquired  by  ZiaSun  Technologies  Inc.  in March 1999, and is now
BarterAsia,  a  part of Asia4Sale. Mr. Hodgson holds a Diploma in Marketing from
the Institute of Marketing (UK) and a Business Studies (Marketing) qualification
from  Northumbria  University  (UK).

JAMES  EMBERTON,  CHIEF  FINANCIAL  OFFICER

Mr.  Emberton  was formerly the Financial Planning Officer for Canadian National
Railways,  and was responsible for developing and monitoring an operating budget
of  $160 million annually, evaluating and forecasting weekly, monthly and annual
performance,  and  identifying  budget  variances.  He  subsequently  served  as
Financial  Planning officer for SR Telecom, Inc., managing accounting systems in
Beijing,  Shanghai,  Bangkok,  and  Manila  and  designing  and  documenting all
accounting  and  financial reporting procedures. Mr. Emberton holds an Economics
degree  from  York  University.


                                       23
<PAGE>
GREGORY  HUNTER,  VICE  PRESIDENT  FOR  OPERATIONS

Mr.  Hunter  has extensive business experience in Japan and in the rest of Asia,
and  is  fluent  in Japanese. He has served as a Supervisor in the International
Business  Training  Group  of  Sharp  Corporation's  Human Resources Development
Center in Nara, Japan, establishing management development programs for overseas
subsidiaries  throughout Asia. He later worked for Morgan Stanley Japan, and was
Vice  President  and  General Manager of a Manila-based telecommunications firm.
Mr. Hunter holds a Master in International Management degree with an emphasis in
international  finance  from  Thunderbird  -  The  American  Graduate  School of
International Management. He also holds a Bachelor of Science degree in Business
Administration  with  a  major  in  marketing  from  Arizona  State  University.

ADRIAN  WIEST,  VICE  PRESIDENT  FOR  AUCTION  OPERATIONS

Mr.  Wiest  has spent the last 5 years as Territory Manager for the Asian hub of
the  world's  largest  industrial  auction  firm,  and before that was Equipment
Superintendent  for  a  construction firm with operations throughout Asia. He is
intimately  acquainted  with  both  buy-side  and sell-side industrial equipment
markets  throughout  Asia,  and  with  the  industrial  auction  process.


ERIC  MONTANDON,  DIRECTOR

Mr.  Montandon,  age  36, graduated with a Bachelor's Degree in Business finance
from  Arizona  State  University  in  1988.  He  was involved in commercial real
estate  consulting  and  appraisal  in Phoenix, Arizona until moving overseas in
1992.  He  started  a design and printing operation in Subic Bay, Philippines in
1994,  and  operated it successfully until its subsequent sale and merger into a
U.S.  public  company  in late 1998.  He became a board member of Asia4Sale.com,
Inc.  in  February  2000.  He  was  instrumental  in Asia4Sale's acquisition and
development  of  WWA  Worldwide  Auctioneers, Inc., and has expanded his role to
include  all  areas  of finance, operations and administration of both Asia4Sale
and  WWA.


ITEM  10.  EXECUTIVE  COMPENSATION

No aggregate compensation in excess of $100,000 was paid, in cash or in kind, to
any  of  the  named  individuals  for services rendered in all capacities to the
Company  and  its  subsidiaries  for  the fiscal year ended December 31, 1999 or
during  the  fiscal  quarter  ended  March  31,  2000.

Directors  Compensation

The  Directors  of  the Company received no cash compensation for serving on the
Board  of  Directors.  Directors  are  reimbursed  for  any  reasonable expenses
incurred  while  attending  these  meetings.

Stock  Option  Plan

As of December 31, 1999 The Company has not introduced an executive Stock Option
Plan.  Pending  the approval of the directors and shareholders, such a plan will
be implemented during the fiscal quarter ending June 30, 2000 and details of the
plan  will  be  disclosed  in  the  Form  10Q  for  the  same  period.


                                       24
<PAGE>
ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

The  following  table  sets  forth  information as to the shares of common stock
owned  as  of  March  31,  2000:

     I.   Each person who beneficially owns so far as the Registrant has been
          able to ascertain, more than 5% of the 10,800,000 outstanding shares
          of the Registrant.

     II.  Each director.

     III. Each of the officers named in the summary compensation table.

     IV.  All the directors and officers as a group unless otherwise indicated
          in the footnotes below on the table is subject to community property
          laws where applicable, the persons as to whom the information is given
          has sole investment power over the shares of common stock.

       NAME                         NO.  SHARES                PERCENT
       ----                         -----------                -------

1.     Brian  J.  Hodgson                  -0-                     0%

2.     James  Emberton                     -0-                     0%

3.     Gregory  F.  Hunter                 -0-                     0%

4.     Adrian  Wiest                       -0-                     0%

5.     Eric  Montandon                     -0-                     0%

6.     Zia  Sun  Technologies,  Inc.    2,700,000                 25%

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS


There is no information relevant to the Registrant which must be disclosed under
Item 12 for the two fiscal years ended December 31, 1999 or from that date until
the  date  the initial Form 10-KSB Annual Report for the year ended December 31,
1999  was  filed.

ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

    (a)     Exhibits.  None.
            --------

    (b)     Reports  on  Form  8-K.  There  were  no current reports on Form 8-K
            ----------------------
            filed by the  Registrant during the fourth quarter of the year ended
            December  31,  1999.


                                       25
<PAGE>
                                   SIGNATURES

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


                                ASIA4SALE.COM  INC.



DATE:  April 10, 2002           By  /s/  Eric Montandon
                                  ----------------------------------------------
                                  Eric Montandon, Chief Executive Officer


In  accordance  with  the Exchange Act, this report has been signed below by the
following  persons  on behalf of the registrant and in the capacities and on the
dates  indicated.



DATE:  April 10, 2002             /s/  Eric Montandon
                                  ----------------------------------------------
                                  Eric Montandon, Chief Executive Officer, Chief
                                  Financial Officer, Chief Accounting Officer
                                  and Director



DATE:  April 11, 2002             /s/  Carl  van  Lieshout
                                  ----------------------------------------------
                                  Carl  van  Lieshout,  President,
                                  Chief  Operating  Officer  and  Director



DATE:  April 10, 2002            /s/  Brian  Hodgson,  Director
                                  ----------------------------------------------
                                  Brian  Hodgson,  Director



                                       26
<PAGE>