UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB
(Mark One)
	[X]	Annual Report Pursuant to Section
13 or 15(d) of The Securities Exchange Act of 1934
For the Fiscal Year Ended December 31, 1999

	[  ]	Transition Report Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number:  000-27715

E-VEGAS.COM, INC.
(Name of small business issuer in its charter)

		Nevada		      86-0871081
(State or other jurisdiction of 	(I.R.S. Employer
incorporation or organization)	Identification No.)

1128-789 W. Pender Street, Vancouver, BC, Canada V6C1H2
(Address of principal executive offices)  (Zip Code)

Issuer's telephone no.:  (604) 608-6828

Securities registered pursuant to Section
12(b) of the Exchange Act:  None

Securities registered pursuant to Section
12(g) of the Exchange Act:  Common

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

	Check if there is no disclosure of delinquent
filers in response to Item 405 of Regulation S-B
contained in this form, and no disclosure will be
contained, to the best of the 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 the issuer's revenues for its
most recent fiscal year.  $ 3,413,788

	State the aggregate market value of the
voting stock held by non-affiliates computed
by reference to the price at which the stock
was sold, or the average bid and ask prices
of such stock as of a specified date within
60 days.  $6,225,000  (based on price of
$0.50 per share as of February 24, 1999)

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

	Class				   Outstanding as of December 31, 1999
Common Stock, $.001 Par Value	                23,680,817


DOCUMENTS INCORPORATED  BY REFERENCE
NONE
Transitional Small Business Disclosure Format.       Yes [  ]        No [X]

E-VEGAS.COM, INC.
TABLE OF CONTENTS
PART I                                                                Page
Item 1.          Description of Business ........................       3
Item 2.          Description of Property ........................       8
Item 3.          Legal Proceedings ..............................       9
Item 4.          Submission of Matter to a Vote of Security Holders     9
PART II
Item 5.          Market for Common Equity and Related Stockholder
                     Matters ......................................     9

Item 6.          Management's Discussion and Analysis or Plan of
                     Operation ..................................       12

Item 7.          Financial Statements ...........................       16

Item 8.          Changes in and Disagreements with Accountants on
                      Accounting and Financial Disclosure ......        31

PART III

Item 9.        Directors, Executive Officers, Promoters and Control persons;
                     Compliance with Section 16(a) of the Exchange Act . 31

Item 10.         Executive Compensation ..........................       32

Item 11.        Security Ownership of Certain Beneficial Owners and
                     Management .....................................     33

Item 12.        Certain Relationships and Related Transactions ......     33

Item 13.        Exhibits and Reports on Form 8-K ...................       34


SIGNATURES ..........................................................     35





PART I

Item 1.     Description of Business

Business Development
	E-Vegas.COM, Inc., (the "Company")  was originally
incorporated under the laws of the State of Nevada on
February 10, 1997 as Clear Water Mining, Inc.  On May
31, 1997 Clear Water completed the sale of 12,000,000
shares of common stock, par value $.001 for $120,000
pursuant to Regulation D, Rule 504 of the Securities
Act of 1934.  With the proceeds of said offering the
Company acquired interests in mining operations located
in Mexico.

	On March 5, 1999, the shareholders ratified the
acquisition of the proprietary rights to the software
for internet casino and sports book gambling, and the
corporate trade style of E-Casino Gaming in exchange
for 2,000,000 shares of authorized but unissued common
stock.

	An offering was complete on March 9, 1999 pursuant
to Regulation D Rule 504, selling 1,500,000 shares of
common stock for $150,000.

	An amendment to the Articles of Incorporation,
to change the corporate name to E-Casino Gaming
Corporation, was filed with the State of Nevada on
March 11, 1999.

	On March 29, 1999, the Company completed an
additional offering of 600,000 shares of common stock
for $150,000 at $0.25 per share pursuant to Regulation
D Rule 504.

	In May of 1999 the Company completed the sale of
1,000,000 shares of common stock for $700,000.
The majority of the proceeds were used for the purchase
of equipment and marketing.

	On June 21, 1999, the Company changed its
corporate name to E-Vegas.COM, Inc.

	The Company formed and/or owns three subsidiaries:

1.	21st Century Software Solutions, Inc., a Nevada
corporation.  This Company holds various software
licenses for the on line gaming that is used by the
Company.

2. Siglo Vientiuno Solociones Informaticans, SA., a
Costa Rican corporation.  It is a Costa Rican management
corporation.

3. Global E-COM, SA., a Costa Rican corporation formed
April 15, 1999 and sold October 15, 1999.

Product

	The Company offers on-line gaming operations on the
internet at www.e-vegasgaming.com.  Through  this site the
Company operates its gaming platform, a "virtual" casino
and sports book that players may play most games found
in a traditional land based operation.  The software
creates a gaming environment where players may participate
in casino games for cash.  The following games are available:
Blackjack, Caribbean Poker, Craps, Roulette and slot machines.

	Sports Book.  In conjunction with the Las Vegas - style
games the Company operates an on-line sports book.  The book
 offers betting in major league baseball, basketball, NCAA
basketball and football and hockey games.


Market

	The Company has defined its market as outside
of North America.  The Company has chosen this operating
strategy for three reasons:  (1) The popularity of casino
 style games in Asia, Europe, and Latin America exceeds
that of North America, (2) projected growth rates of
Internet penetration in Europe and Asia clearly outpaced
that of North America, (3) regulatory uncertainties in
the U.S. regarding online casinos.  Industry experts
estimate online gaming will reach $6 to $8 billion U.S.
dollars by the year 2001.  In May of 1998, Frost and
Sullivan of New York released a study, "World Markets on
Online Gambling", which estimated that by the year 2004
the market for online gambling will reach $7 billion U.S.
dollars.

	World wide it is estimated that in excess of a
trillion dollars is wagered annually on the various
forms of gambling.  The growth of the Internet has
far exceeded the growth of any other communication
medium in the 20th century.  In just under four years
the Internet has reached penetration rates that took
the television 13 years to reach and the radio over
30 years.

	While the U.S. has been the dominant marker for
the Internet to date, statistics from Nua Ltd. Indicate
that approximately 25 percent of Internet users are
from Europe and 15 percent are from the Asia Pacific.

	EMarketer forecasts that by the year 2000
Internet users outside the U.S. are growing
at 43% a year, while users outside the U.S. are growing
at a rate of 70% per year.

	Estats, Inc., on online provider and assembler of
the Internet research, believes that the major international
growth areas will be in Europe, led by Germany, the UK,
Sweden, France, the Asia/Pacific Rim, especially
Japan, Australia, Taiwan, and New Zealand.  Western
Europe, with 14 million people online, accounting for
18% of the world's total, represents the next big growth
opportunity of the net.  Asia, led by Japan, is a booming
market for online users, e-commerce and advertising dollars.

	EStats, Inc. estimates that Asia and the Pacific Rim
region hold 8 million of the world's net users, nearly 11%
of the worlds total.  According to Paul Budde Communications the
online population in Asia, estimated at 5 to 10 million,
comprises only 0.4% of the total population in that region.

	Due to the population of Asia versus its lack of online
household penetration, the long-term potential for growth is
astronomical.

	The Baker Report was quoted as saying, "We believe
our projections of Internet gambling revenues of US$100
to US$200 billion domestically and US$200 to US$400 billion
in the rest of the world by 2005 is reasonable, even conservative."

	Internet Gambling Worldwide, Past and Future.

US$			               	1997	    1998	    1999    	2000	     2001

Adult Home
Internet Users	       46	      81	       121	    14	       159
(In Millions)
Percentage of Users  	15%	     18%	      21%	    24%       27%
Conducting Online Transactions
Potential Internet
Gamblers	             0.9	     14.5	     25.4    34.8      43.0
(In Million)
Per Capta Expenditure	$146	    $154	     $155	   $160      $165
Potential Internet
Gambling	            $1,009    $2,182	 $3,922	 $5,555       $7,080
Revenue (In Millions)
Estimated Actual
Internet	              $0	    $651	 $811	      $1,520       $2,330
Gambling Revenue (In Millions)

	Source:  Deutsche Bank; Christiansen/Cummings Association.

Marketing

	The Company is in the processing of developing a
detailed tactical marketing plan and player loyalty
program.  The Company's marketing plan will consist
of the following:

1. Online banner advertisements on selected sites.  The
Company will purchase online advertisements on selected
sites in order to ensure it reaches its target market.
E-Vegas will also enter into reciprocal advertising
agreements, offering non-competitive online gaming
companies advertising space on the www.e-vegasgaming.com
site in exchange for advertising space on the partner site.

2. Public relations program will be implemented over the
next 6 to 12 months.  The Company will work with online
and traditional gaming media to promote the site through
sponsorship, articles, etc.

3. Online links.  These are a number of online directories,
which provide links to casinos and sports books or offer
the "best of the net".  E-Vegas will seek to list with a
number of these services to increase its online exposure.

4. In Las Vegas and travel guides in Las Vegas hotels.

5. Radio Advertising will be on sports talk ratio stations
during peak traffic times in major metropolitan areas.

6. Direct Mail Campaign will target the gaming community
via mailing lists received from various resources within
the gaming community.

7. Media Kits.  The Company plans to develop comprehensive
 media kits to be distributed to financial Print Advertising
will also focus on increasing customer awareness and comfort
regarding Internet gaming.  The targeted gaming magazines
and periodicals are as follows: Chance Magazine, Casino
Player, Card Player, and Casino Journal.  Advertisements
will also be placed in sports orientated publications such
as Sports Illustrated; Sports Magazine; and the Daily Racing
Forum.  Travel publications focusing on publications
including The Wall Street Journal, Business Weekly,
Success, Forbes, New York Times, and Washington Post, etc.
Media kits will be sent to the columnist at the various
newspapers andl also ti financial reporters
at major television networks.


Competition

	In a Special Report by the Washington Post on June 1,
1998, it was reported that there are at least 140 websites
that now offer some form of wagering over the Internet,
with new sites evolving daily.  Thus the critical task
facing any online venture is the ability to offer some
sort of differentiation and development.

	These gaming sites offer bingo, casino games and
sports books.  A sample of direct competitors to the
Company is outlined below:

Starnet "World Gaming" - (SNMM-OTC BB)

Offers players casino games, sports book, virtual bingo,
lotteries and worldwide horseracing coverage.  For safe
wagering, Starnet employs the use of STAR-MX encryption.
 Starnet's corporate office is in Vancouver, but operates
legally in Antigua.  In  1998, Starnet reported its
casino group saw 6 million hits daily; the average spent
per better visit was US$200. Starnet's web address is
www.worldgaming.net.

You Bet (NASD OTC-BB: UBET)

	Offers only pari-mutual games.  You Bet offers
handicaps, news and statistics.  Corporate offices
are located in California.  You Bet's web site is
located at www.youbet.com.

Virtual Gaming Technologies (NASD OTC-BB: VGTI)

	Corporate offices is San Diego, operating
legally in Antigua, Virtual Gaming Technologies offers
casino games and a sports book.  Wagering is done via a
third party processor and a regulated bank.  Virtual
Gaming Technologies has been accepting real-money wagers
since September of 1997.  Virtual Gaming Technologies
web site is located at www.virtcasino.com.

Gaming Lottery Corp. (NASD: GLCCF)

	Also known as "GalaxiWorld", GLCCF offers JAVA
based Poker and slots online.  GalaxiWorld Limited, a
wholly owned subsidiary of GLC Limited, is licensed to
operate an international Internet casino in St. Kitts.

	GalaxiWorld is in the process of developing a 3-D
virtual casino, with 52 different games of chance,
including blackjack, poker, roulette, craps, slots
and Pai Gow.  There will also be a sports book,
keno, cumulative lotteries and progressive jackpots.

NTN  (AMEX: NTN)

	Operates as "IWN Homestretch" and specializes
in pari-mutual (horseracing).  NTN is located in
California.  NTN does not currently accept any wagering.
NTN's web site is located at www.iwnonline.com.

Research and Development

	The Company has completed beta testing of the Casino
and Sports Book operations and became fully functional
in September of 1999.

Patents and Trademarks

	The Company has trademarked E-Vegas Gaming.COM in the
United States and has an Internet domain name of E-Vegas Gaming.COM.



Employees

	Currently the Company has 23 full time employees
in Vancouver, British Columbia, Canada and San Jose,
Costa Rica.  Management intends to hire additional employees
only as needed and as funds are available.  In such cases,
compensation will  be consistent with prevailing wages for
the services rendered.  It is not anticipated that the
Company will have to increase payroll expenditures until
such time as revenues exceed $750,000 per month.  The
Company does not anticipate in the immediate future to
offer any employee a bonus, profit sharing, or deferred
compensation plan nor are there any employment contracts
with any director or employee.  Management intends to
hire additional  qualified personnel as business conditions
warrant.  In addition to full time employees, the Company
may use the services of certain outside consultants and
advisors as needed on a contractual basis.


Facilities

The Company's headquarters office is 3,500 square feet at
1128-789 West Pender, Vancouver, British Columbia, Canada.
Monthly lease is $3,100 US per month.  The Company occupies
a 4,500  square feet of  office space at Edeeficin La
Meseta, Sengendo Pisa Colon, Calle 28 / Avenida 2, San
Jose, Costa Rica, office is leased for $3,200 US per month.
In addition, the Company maintains a resident agent at 1905
 So. Eastern Ave., Las Vegas, NV 89104.  The Company believes
that its current facilities are adequate for the immediate
future.

Litigation

	On Christen Brule vs. E-Vegas.COM, Inc.,
case # 0995358, failure to deliver a warrant.
Counsel assures management that the case is without merit.


Industry Segments

	No information is presented to industry segments.
The internet gaming industry is estimated to be a 3.9
billion market for 1999.

Item 2.     Description of Property

The Company's headquarters office is 3,500 square feet at
1128-789 West Pender, Vancouver, British Columbia, Canada.
 Monthly lease is $3,100 US per month.  The Company occupies
 a 4,500  square feet of  office space at Edeeficin La Meseta,
 Sengendo Pisa Colon, Calle 28 / Avenida 2, San Jose, Costa
 Rica, office is leased for $3,200 US per month.  In addition,
the Company maintains a resident agent at 1905 So. Eastern Ave.,
Las Vegas, NV 89104.  The Company believes that its current
facilities are adequate for the immediate future

Item 3.     Legal Proceedings

	On Christen Brule vs. E-Vegas.COM, Inc.,
case # 0995358, failure to deliver a warrant.
Counsel assures management that the case is without merit.

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

	No matters were submitted to a vote of the Company's
Securities Holders during the fourth quarter of the Company's
fiscal year ending December 31, 1999.

PART II

Item 5.  Market for Common Equity and Related Stockholders Matters

	The Company's common stock is traded in the over
the counter market and quotations are published on the
OTC Bulletin Board under the symbol "EVCM" and in the
National Quotation Bureau, Inc.  Quotations in the
Company's common stock set forth below do not constitute
a reliable indication of the price that a holder of the
common stock could expect to receive upon the sale of
any particular quantity thereof.

	The following table sets forth the
range of high and low bid prices of the common
stock for each calendar quarterly period since
the first of 1999 as reported by the OTC Bulletin
Board.  The Company's common stock became eligible
for trading on the OTC Bulletin Board during the
first quarter of 1998.  Prices reported represents
prices between dealers, do not include retail
markups, markdowns and commissions and do not
necessarily represent actual transactions.


        		1999			High		  Low
			First Quarter		$.50		$.35
			Second Quarter	$.75		$.50
			Third Quarter		$.50		$.25
			Fourth Quarter		$.75		$25

	As of December 31, 1999 the Company had issued and
outstanding 23,680,817 shares of common stock and there
were approximately 43 shareholders of record, which figure
does not take into account those shareholders whose
certificates are held in the name of broker-dealers.

	The ability of an individual shareholder to trade
their shares in a particular state may be subject to
various rules and regulations of that state.  A number
of states require that an issuer's securities be registered
in their state or appropriately exempted from registration
before the securities are permitted to trade in that state.
Presently, the Company had no plans to register its securities
in any particular state.  Further, most likely the Company's
shares will be subject to the provisions of Section 15(g) and
Rule 15g-9 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), commonly referred to as the "penny stock"
rule,  Section 15 (g) sets forth certain requirements for
transactions in penny stocks and Rule 15g-9 (d) (1)
incorporates the definition of penny stock as that used
in Rule 3a51-1 of the Exchange Act.

	The Commission generally defines penny stock to be
an equity security that has a market price less that $5.00
per share, subject to certain exceptions.  Rule 3a51-1
provides that an equity security is considered to be a
penny stock unless that security is; registered and
traded on a national securities exchange meeting specified
criteria set by the Commission; authorized for quotation
on the NASAQ Stock Market; issued by a registered investment
company; excluded from the definition on the basis of price
(at least $5.00 per share) of the issuer's net tangible
assets; or exempted from the definition by the Commission.
If the Company's shares are deemed to be a penny stock,
trading in the shares will be subject to additional sales
practice requirements on broker-dealers who sell penny
stock to persons other than established customers and
accredited investors, generally persons with assets in
excess of $1,000,000 or annual income exceeding $200,000,
or $300,000 together with their spouse.

	For transactions covered by these rules, brokers-dealers
must make a special suitability determination for the
purchase of such securities and must have received the
purchaser's written consent to the transaction prior to
the purchase.  Additionally, for any transaction involving
a penny stock, unless exempt, the rules require the
delivery, prior to the first transaction, of a risk
disclosure document relating to the penny stock market.
A broker-dealer must disclose the commissions payable
to both the quotations for the securities.  Finally,
monthly statements must be sent disclosing recent
and information for the penny stocks held in the account
 and information on the limited market  in penny stocks.
Consequently, these rules may restrict the ability of
brokers-dealers to trade and/or maintain a market in
the Company's Common stock and may affect the ability

of shareholders to sell their shares.

Recent Sales of Unregistered Securities

	As of March 5, 1999 the Company issued 2,000,000
shares of common stock in exchange for all the shares
of 21st Century Software Solutions, Inc. Shares issued
were under  section 4(2) and 4(6) of the Securities Act.
Shares bear Rule 144 restrictive legend.

	On March 9, 1999 1,500,000 shares were issued to
seventeen people pursuant to Rule 504 for $150,000.($0.01)

	On May 29, 1999 600,000 shares were issued to four
people pursuant to Rule 504 for $150,000. ($0.25)

	On May 3, 1999 1,000,000 shares were issued to four
entities pursuant to Rule 504 for $700,000.  This issue
included 100 warrants to purchase an additional 350,000
shares for $2.00 one year from date.

	Pursuant to an investment letter First Nevisian Stock
Brokers, Ltd., purchased 4,292,000 shares at $0.25 of
$1,073,000 between June 30 and November 11, 1999.

	On October 13, 1999 Michael Laidlaw purchased
1,000,000 shares at $0.25 a share ($250,000) under an
investment letter.

	On October 15, 1999 the Company issued to
Mr. Werner Greider 1,000,000 shares valued at $0.25
in payment for telecommunications consultant fees.
Also the Company issued 22,150 shares of investment
stock at $0.25 per share for cancellation of debt to
Larry Olsen.

	On November 11, 1999 266,667 shares of stock were
issued as a consulting fee were issued to Jose Carlos
Alverado at $0.25 per share.

	The 504 offerings were not registered under
th Act or registered or qualified under the securities
law of the state.  All purchasers of the shares heretofor
listed reside outside of the United States.  The offerings
of the shares  was made in reliance upon the limited
offering exemptions from registration with the Securities
Commission as set forth in Rule 504 of Regulation D.  All
shares issued after June 29, 1999 were issued pursuant to
4(2) 4(6)  Rule 505 exemptions for cash or services and bear
investment legends.

	Each purchaser was required to complete and sign a
written subscription agreement representing he had read
the disclosure document and that the offerings were
subject to various risks.  Pursuant to Rule 504(3)(1)
of Regulation D, the provisions of Rule 502(c ) and (d)
shall not apply to offers and sales made under Rule 504.
Generally, Rule 502(d) provides that:  "except as provided
in Rule 504(b)(1), securities acquired in a transaction
under Regulation D shall have the status of securities
acquired in a transaction under Section 4(2) of the Act
and cannot be resold without registration under the Act
or an exemption therefrom...".

	Because the Company's intent and good faith belief
was that the offering qualified under Rule 504(b)(1) of
Regulation D, purchasers of the Company's common stock may
be permitted to resell their shares without registration
under the Act pursuant to Rule 502(d),  As such, certificates
representing these shares do not near any restrictive legends.

	The Company also issued 5,292,000 to two parties for
$0.25 per share, paid in cash and there shares may not be
resold unless they are subsequently registered or an
exemption is available.

	Those shares issued for services or cancellation
of debt would likewise be restricted.




Dividend Policy

	The Company has not declared or paid cash dividends or
made distributions in the past,  and the Company does not
anticipate that it will pay cash dividends or make distributions
in the foreseeable future.  The Company currently intends to
retain and reinvest future earnings to finance and expand its
operations.

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

	The following information should be read in conjunction
with the consolidated financial statements and notes thereto
appearing elsewhere in this Form 10-KSB.

Plan of Operation

	The predecessor company was engaged in mining development
activities through December 31, 1998.  On March 5, 1999 the
corporation acquired the license to a gaming software program
and decided to enter the international internet gaming industry.
 The mining assets were sold in April 1999 at their book value.

	The Company's current capital was provided by the sale of
common stock throughout 1999.  The gaming internet site was not
fully operational until September 1999.  The Company spent
approximately $1,600,000 in developing the site and $400,000
for various equipment components and personal training in
Costa Rica.  The Company achieved $3,388,361 in gaming revenue
in the fourth quarter of 1999  incurring gaming losses if $250,113.

	As a side light the Company had invested in excess of
$500,000 in telecommunication equipment and operation through
its Global E-Com subsidiary.  In October sold the telecommunications
subsidiary to Dimension House, Inc., in exchange for 9,200,000
shares of that company, transferring 100% of the capital stock
of Global E-COM, S.A.  The stock of Dimension House, Inc., now
known as Presidents Telecom, Inc., was quoted on the OTC Bulletin
Board at $1.50 per share on December 31, 1999.  While
there are restrictions on the sale of the Presidents'
securities and because of affiliate
restriction (47%) ownership, qualified sale could generate
approximately $500,000 during the last half of 2000.

	Management anticipates outside funding will be necessary
and to that end the Company intends to offer securities for the
sale pursuant to Rule 505 Regulation D at the end of the
second quarter.  The use of proceeds of such private placement
will primarily be used for marketing.  There is no assurance
the Company can sell a future private placement, however,
is was successful in 1999.

	The Company does not anticipate any significant expenditures
for plant or equipment.  It will, however, have to continue to update
its software.

	Existing staff will be sufficient for operations through 2000.

	In 1999, the Company's Board of Directors set forth a policy
to explore the possibility of acquiring or merging  with other
operating businesses that could make use of the Company's internet
possibilities to market their own products, games or services.

Net Operating Losses

	The Company has accumulated $2,750,000 of net operating loses
as of December 31, 1999, which may used to reduce taxes in future
years through 2014. The use of these losses to reduce future income
taxes will depend on the generation of sufficient taxable income
prior to the expiration of the net operating loss carryforwards.

	In the event of certain changes in  control of the Company,
there will be a annual limitation on the amount of the net
operating loss carryforwards which can be used.  The potential
tax benefit of the net operating loss carryforwards have been
offset by a valuation allowance of the same amount.

Inflation

	In the opinion of management, inflation has not had
a material effect on the operations of the Company.

Year 2000

	Year 2000 issues may arise if computer programs have
been written using two digits (rather than four) to define
the applicable year.  In such cases, programs that have
time-sensitive logic may recognize a date using "00" s the
year 1900 rather than the year 2000, which could result in
miscalculations or system failures.

	The Company had completed its assessment of the year
2000 issue and believed that any costs of addressing the
issue will not have a material adverse impact on the
Company's  financial position.  The Company believed that
its existing accounting computer systems and software will
not need to be upgraded to mitigate the Year 2000 issues.
The Company has not incurred any costs associated with its
assessment of the Year 2000 problem.  In the event that
Year 2000 issued impact the Company's a accounting system
and other operations aided by its computer system, the
Company believes,  as part of the contingency plan, that
it has access to adequate personnel or consultants to
perform those functions manually until such time that
any Year 2000 issues are resolved.

	The Company believes that third parties with whom
it has material relationships will not materially be
affected by the Year 2000 issued as those third parties
are relatively small entities which do not rely heavily
on information technology ("IT") systems and non- IT
systems for their operations.  However, if the Company
and third parties upon which it relies are unable to
address any Year 2000 issued in a timely manner, it
could result in a material financial risk to the Company,
including loss of revenue and substantial unanticipated
costs.  Accordingly, the Company plans to devote all
resources required to resolve an significant Year 2000
issues in a timely manner.

	As of March 31, 2000 the Company had not experienced
any Y2K problem themselves or with suppliers.

Recent Accounting Pronouncements

	The Financial Accounting Standards Board ("FASB")
has issued Statement of Financial Accounting Standard
("SFAS") No. 128, "Earnings Per Share" and Statement
of Financial Accounting Standards No. 129 "Disclosures
of Information About an Entity's Capital Structure."  SFAS
No. 128 provides a different method of  calculating
earnings per share than is currently used in accordance
with Accounting Principles Board Opinion No. 15,
"Earnings Per Share."  SFAS No. 128 provides for the
calculation of "Basic" and "Diluted" earning per share.
Basic earnings per share includes no dilution and is
computed by dividing income available to common shareholders
 by the weighted average number of common shares outstanding
 for the period.  Diluted earnings per share reflect the
potential  dilution of securities that could share in the
 earnings of an entity's capital structure.  SFAS No. 128
 and SFAS No. 129 are effective for financial statements
issued for periods ending after December 15, 1997.  Their
implementation is not expected to have a material effect
on the financial statements.

	The FASB has also issued SFAS No. 130, "Reporting
Comprehensive Income" and SFAS No. 11, "Disclosures about
 Segments of an Enterprise and Related Information."
SFAS No. 130 established standards for reporting and
display of comprehensive income, its components and
accumulated balances.  Comprehensive income is defined
to include all changes in equity except those resulting
 from investments by owners and distributors to owners.
 Among other disclosures, SFAS No. 130 requires that all
items that are required to be recognized under current
accounting standards as components of comprehensive
income be reported in financial statements that displays
with the same prominence as other financial statements.
SFAS No. 131 supersedes SFAS No. 14 "Financial Reporting
for Segments of a Business Enterprise."  SFAS No. 131
established standards on the way that public companies report
financial information about operating segments in annual
financial statements and requires reporting of selected
information about operating segments in interim financial
statements issued to the public.  It also establishes standards
for disclosure regarding products and services, geographic
areas and major customers.  SFAS No. 131 defines operating
segments as components of a company about which separate
financial information is available that is evaluated regularly
 by the chief operating decision maker in deciding how to
allocate resources and in assessing performance.

	SFAS 130 and 131 are effective for financial statements
for periods beginning after December 5, 1997 and requires
comparative information for earlier years to be restated.
Management believes that the implementation of new standards
will not have a material effect on the Company's financial
statements.

	The FSAB also issued SFAS No. 132.  "Employers' Disclosure
about Pension and other Postretirement Benefits," which standardizes
 the disclosure requirements for pensions and other Postretirement
benefits and requires additional information on changes in the
benefit obligations and fair values of plan assets that will
facilitate financial analysis.  SFAS No. 132 is effective for
 years beginning after December 15, 1997 and requires comparative
 information is not readily available.  Management believes the
adoption of this statement will have no material impact on the
Company's financial statements.

	In June 1998, the FSAB issued SFAS No. 131, "Accounting for
Derivative Instruments and Hedging Activities" which requires
companies to record derivatives as assets or liabilities, measured
at fair market value.  Gains or losses resulting from changes in
the values of the derivative and whether it qualifies for hedge
 accounting.  The key criterion for hedge accounting is that
the hedging relationship must be highly effective in achieving
offsetting changes in fair value or cash flows.  SFAS No, 133
is effective for all fiscal quarters of fiscal years beginning
after June 15, 1999.  Management believes the adoption of this
 statement will have no material impact in the Company's
financial statement.

Risk Factors and Cautionary Statements

	Forward-looking statements in this report are made
pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995.  The Company wished
to advise readers that actual result may differ substantially
from such forward-looking statements,  Forward-looking statements
 involve risks and uncertainties that could cause actual results
 to differ materially from those expressed in or implied by the
 statements, including, but not limited to, the following:
the ability of the Company to complete development of its
primary products and its ability to successfully market its
product if and when developed and other risks detailed in the
 Company's periodic report filings with the Securities and
Exchange Commission.

Item 7.  Financial Statements

	The Company's financial statements as of
and for the fiscal years ended December 31, 1999
and 1998 have been examined to the extent indicated
in their report by Jones, Jensen and Company independent
 certified accountants, and have been prepared in accordance
 with generally accepted accounting principles and pursuant
 top Regulation S-B as promulgated by the Securities and
Exchange Commission.  The aforementioned financial statements
are included herein in response to Item 7 of this Form 10-KSB




E-VEGAS.COM, INC.

FINANCIAL STATEMENTS

December 31, 1999 and 1998



C O N T E N T S


Independent Auditors' Report	 3

Balance Sheet	 4

Statements of Operations	 6

Statements of Stockholders' Equity	 7

Statements of Cash Flows	 9

Notes to the Financial Statements	 11

INDEPENDENT AUDITORS' REPORT


To the Board of Directors
E-Vegas.Com, Inc.
San Jose, Costa Rica

We have audited the accompanying balance sheet of
E-Vegas.Com, Inc. as of December 31, 1999 and 1998
 and the related statements of operations, stockholders'
equity and cash flows for the years ended December31,
 1999 and 1998.  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 audits 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 E-Vegas.Com, Inc. 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 generally accepted accounting principles.

The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern.
 As discussed in Note 7 to the financial statements, the
Company has generated losses from operations for the years
 ended December 31, 1999 and 1998, and has current
liabilities in excess of current assets of $436,246 at
December 31, 1999 which together raise substantial doubt
 about its ability to continue as a going concern.
Management's plans in regard to these matters are
also described in Note 7.  The financial statements do
 not include any adjustments that might result from the
 outcome of this uncertainty.



Jones, Jensen & Company
Salt Lake City, Utah
April 15, 2000





E-VEGAS.COM, INC.
Balance Sheet


ASSETS

                                    December 31,
	                      			              	1999

CURRENT ASSETS

	Cash                                   $1,378

	Total Current Assets		                  1,378

FIXED ASSETS (Note 1)

	Vehicle        		                      13,500
	Computers and software       	        152,234
	Office furniture and equipment         11,235
	Accumulated depreciation	             (25,932)

		Total Fixed Assets	                  151,037

OTHER ASSETS

	Investments, net (Note 3)            	381,333
	Deposits		                            112,862

		Total Other Assets	                  494,195

		TOTAL ASSETS	                      $	646,610








The accompanying notes are an integral part of these financial statements




E-VEGAS.COM, INC.
Balance Sheet (Continued)

LIABILITIES AND STOCKHOLDERS' EQUITY

                             					December 31,
                                					1999

CURRENT LIABILITIES

	Accounts payable               	$	 8,220
	Notes payable -
        related party (Note 4)	   134,656
	Current portion of
        notes payable (Note 6)   		62,691
	Accrued expenses		12,409
	Gaming loss reserve	             213,648

	Total Current Liabilities        431,624

LONG-TERM LIABILITIES

	Note payable (Note 6)	           	9,476
	Total Long-Term
                Liabilities	      	9,476

		Total Liabilities              441,100

STOCKHOLDERS' EQUITY (Note 5)

	Common stock; $0.001 par
        value, 50,000,000 shares
	authorized, 23,680,817
        shares issued and
        outstanding		             23,681
	Additional paid-in capital    2,935,542
	Accumulated deficit          (2,753,713)

	Total Stockholders' Equity      205,510

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY	       $   646,610



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


E-VEGAS.COM, INC.
Statements of Operations
                         																For the
                                  					Years Ended
                                  					December 31,
                           					   1999          	1998

REVENUES

	Gaming revenues	              $	3,388,361       $	  -
	Other revenues	        	           25,427	          -

		Total Revenues	               	3,413,788        	  -

GAMING PAYOUTS		                 3,640,474	          -

GROSS MARGIN		                    (226,686)       	  -

OPERATING EXPENSES

	Management fees		                 105,000	          -
	Advertising and promotion	        104,811	          -
	Depreciation and amortization	    291,791         	5,271
	General and administrative	     1,412,737         	3,117

Total Operating Expenses	       	1,914,339         	8,388

OPERATING LOSS		                (2,141,025)        (8,388)

OTHER INCOME (EXPENSE)

	Loss on equity investment	      (514,296)	           -
	Interest income		                    262             -
	Interest expense		               (10,341)         	  -

Total Other Income (Expense)		   (524,375)            -

NET LOSS     	               $	(2,665,400)       $	(8,388)

BASIC LOSS PER SHARE	        $	     (0.12)        $	(0.00)

WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING		        21,429,994       12,000,000


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


E-VEGAS.COM, INC.
Statements of Stockholders' Equity
                         						            Additional
           			  	Common Stock          	    Paid-in            Accumulated
       			       Shares      Amount    	    Capital            Deficit
Balance, December
31, 1997      12,000,000   	$ 12,000	       $ 98,020	          $(79,925)

Net loss for
the year ended
December 31, 1998		-     	      -             		-              		(8,388)

Balance, December
31, 1998		   12,000,000	     12,000	          98,020	          	(88,313)

March 5, 1999,
common stock
issued for proprietary
rights and
software recorded
at $0.10 per
share		       2,000,000	      2,000	     	     198,000	            -

March 5, 1999,
common stock
issued for cash
at $0.10 .
per share	    1,500,000       1,500             148,500              -

April 3, 1999,
common stock
issued for cash
at $0.25
per share	      600,000         600              149,400              -

May 3, 1999,
common stock
issued for cash
at $0.70
per share	    1,000,000       1,000              699,000              -

June 30, 1999,
common stock
issued for cash
at $0.25
per share       680,000        680              169,320               -

June 30, 1999,
common stock
 issued for
investment at
$0.25
per share     1,000,000      1,000              249,000              -

Balance
Forward		    18,780,000   $ 18,780	        $  1,711,240        $  (88,313)




E-VEGAS.COM, INC.
Statements of Stockholders' Equity (Continued)
                                 							    Additional
                				Common Stock             Paid-in		         Accumulated
           			     Shares       Amount        Capital     	     Deficit

Balance Forward		18,780,000	   $  18,780   $ 1,711,240       $  (88,313)

July 14, 1999 - common stock
issued for cash at $0.25
per share	          392,000           392        97,608             -

August 5, 1999 - common stock
 issued for
cash at $0.25
per share	           60,000            60         14,940            -

August 30, 1999 -common stock
Issued for cash at $0.25
per share            600,000          600         149,400            -

September 10, 1999 -  common stock
issued for cash at
$0.25 per share	     240,000    	      240	        59,760	          	-

September 13, 1999 - common stock
 issued for cash at
$0.25 per share	    	600,000		          600	       149,400          		-

September 14, 1999 -common stock
issued for cash at
$0.25 per share		    320,000		           320	       79,680		          -

September 21, 1999 - common stock
issued for cash at
$0.25 per share		    400,000	           	400	       99,600	          	-

October 13, 1999 - common stock issued
for cash at $0.25
per share	        	1,000,000	          1,000	       253,000	        		-

October 15, 1999 - common stock issued
for consulting at
$0.25 per share		  1,000,000	          1,000         249,000		        	-

October 15, 1999 - common stock issued
for consulting services
at $0.25
per share	             22,150		            22		        5,515		        	-

November 11, 1999 -common stock
issued for consulting
services at $0.25
per share		           266,667	             267       		66,399	       		-


E-VEGAS.COM, INC.
Statements of Stockholders' Equity (Continued)
                                             			    Additional
                      				Common Stock              Paid-in    		Accumulated
              		 	     Shares       Amount          Capital     	Deficit




Net loss for the year ended
December 31, 1999	       -            		-             		-     		  (2,665,400)

Balance,
December 31, 1999	   23,680,817    $  23,681  	 $    2,935,542 		$ (2,753,713)











The accompanying  notes are an integral part of these financial statements

E-VEGAS.COM, INC.
Statements of Cash Flows
                                         				For the
                                					      Years Ended
                          				             December 31,
                                 					  1999       	       1998
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) from operations	            $	(2,665,400)       	$	(8,388)
Adjustments to reconcile
loss from operations to
net cash used  by operating
activities:
Depreciation and amortization	         	291,791			         5,271
Loss on equity investment		             514,296		           	-
Common stock issued for services	       322,203			           -
Changes in operating assets and
liabilities:
(Increase) decrease in deposits		      (112,862)	           	-
Increase (decrease) in
accounts payable		                       15,689           		2,706
Increase (decrease) in gaming
loss reserve		                          213,648	            	-
Net Cash (Used) by
Operating Activities         		      (1,420,635) 	         (411)

CASH FLOWS FROM INVESTING ACTIVITIES
Investments purchased         	        (619,275)            		-
Purchase of equipment		                (242,828)	            	-
Net Cash (Used) by
Investing Activities         		        (862,103)		            -

CASH FLOWS FROM FINANCING ACTIVITIES
Payments on notes payable		              (9,454	)	           	-
Proceeds from notes payable	           	216,277	            		-
Proceeds from common stock	          	2,077,000             		-
Net Cash Provided by
Financing Activities	         	       2,283,823	             	-
INCREASE IN CASH AND
CASH EQUIVALENTS	                         1,085          			(411)
CASH AND CASH EQUIVALENTS AT
BEGINNING OF YEAR		                         293	           		704

CASH AND CASH EQUIVALENTS AT
 END OF YEAR	                         $   1,378	      $      293

The accompanying notes are an integral part of these financial statements


E-VEGAS.COM, INC.
Statements of Cash Flows (Continued)
                                            						For the
                                      					      Years Ended
                                      					      December 31,
                                     					1999             			1998

CASH PAID FOR:

Interest	                               $	   -             	  $	-
Income taxes       	                    $    -             	  $	-

NON-CASH INVESTING AND FINANCING ACTIVITIES

Common stock issued for
investments, software
and licenses	                          $	450,000              $	-
Common stock issued for services       $ 322,203		            $	-











The accompanying notes are an integral part of these financial statements

E-VEGAS.COM, INC.
Notes to the Financial Statements
December 31, 1999 and 1998

NOTE 1 -	ORGANIZATION AND DESCRIPTION OF BUSINESS

	On February 10, 1997, E-Vegas.Com, Inc. (formerly
Clear Water Mining, Inc.) (the Company) was incorporated
under the laws of Nevada to engage in the exploration
and mining business.

	On February 5, 1999, the Company's directors entered
 into a purchase agreement with E-Casino Gaming Corporation
to purchase proprietary rights and software for Internet
Casino and Sports Book, a Costa Rican International license
 to operate the same, and the company's trade style for
2,000,000 shares of authorized, but unissued, common stock.
The acquisition was ratified by shareholders at a special
meeting held March 5, 1999.  At the same shareholder meeting,
the shareholders approved changing the corporate name to
E-Casino Gaming Corporation.  Said amendment was filed
with the State of Nevada on March 11, 1999.  On June 1,
1999, the Company's name was changed to E-Vegas.Com, Inc.

	During March 1999, the Company sold its wholly-owned
subsidiary, True Vista Mining de Mexico, Inc., to True
Vista Mining, Inc. for $30,000, a 10% equity interest
in True Vista Mining, Inc. and a 5% production royalty
on the mining claims sold once the properties begin
producing and selling.  Should True Vista Mining, Inc.
 sell or negotiate any of the properties, the Company
will receive 5% of the consideration.  The Company
was considered a development stage company until August
 1999 when it began sales.

NOTE 2 -	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	a.  Accounting Method

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

	b.  Cash Equivalents

	The Company considers all highly liquid investments
with a maturity of three months or less when purchased
to be cash equivalents.

	c.  Estimates

	The preparation of financial statements in conformity
 with generally accepted accounting principles requires
management to make estimates and assumptions that affect
 the reported amounts of assets and liabilities and
disclosure of contingent 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.




E-VEGAS.COM, INC.
Notes to the Financial Statements
December 31, 1999 and 1998


NOTE 2 -	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)

	d.  Basic Loss Per Common Share

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

	e.  Income Taxes

	No provision for federal income taxes has been
made at December 31, 1999 due to accumulated operating losses.

	The Company has accumulated approximately $2,500,000
of net operating losses as of December 31, 1999 which may
 be used to reduce taxable income and income taxes in future
years through 2019.  The use of these losses to reduce future
 income taxes  will depend on the generation of sufficient
taxable income prior to the expiration of the net operating
loss carryforwards.

	In the event of certain changes in control of the Company,
there will be an annual limitation on the amount of netoperating
loss carryforwards which can be used.  The potential tax benefits
of the net operating loss carryforwards have been offset by a
valuation allowance of the same amount.

	f.  Fixed Assets

	Fixed assets are stated at cost, less accumulated
depreciation.  Depreciation is computed using the straight-
line method over the estimated useful lives of the assets
ranging from 3 to 5 years.  Expenditures for property
additions and betterments are capitalized at cost.  Maintenance
and repairs are charged to expense when incurred.

	g.  Revenue Recognition

	The company operates in one industry which is internet
 gaming.  The Company recognizes revenues from its gaming
activities upon completion of the activity upon which the
 wager was placed. Winnings are recorded as revenues.
 Losses are recorded as gaming payouts.  Funds held for
 customers but not yet wagered are carried
as a liability known as gaming loss reserve.



E-VEGAS.COM, INC.
Notes to the Financial Statements
December 31, 1999 and 1998
NOTE 3 -	INVESTMENTS
     			                                            December 31,
				                                                  1999
At December 31, 1999, the Company held
150,000 shares  in
Hussongs America, Inc. for a total cost
of $30,000.   This investment
has been recorded at cost.	                       $    30,000

On June 30, 1999, the Company acquired
2,193,750 shares of E-Betta Bunch.Com,
Inc. ("Betta Bunch") which was approximately
24% of the total outstanding common stock of
Betta Bunch, by issuing 1,000,000 shares of
the Company's common stock valued at
$250,000 and cash invested of $46,042.
The Company's investment in Betta Bunch has
been accounted for using  the equity method.
Betta Bunch is an online gaming company.
The investment has written down by a  loss
of $296,042 as of December 31, 1999.	                                -

On October 1999, the Company sold 100% of
Global E-COM, (a formerly Wholly-owned subsidiary)
for 10,000,000 shares of Presidents Telecom,
which represented 47% of the issued and outstanding
Shares of Presidents Telecom	for an investment
recorded at predecessor Cost of $569,587.
Accordingly, the Company is accounting for
The investment as an equity investment.  Presidents Telecom
Experienced a loss of $464,371 for the year ended December
31, 1999.  The Company's recognized portion of the loss was
$218,254, which reduced the investment to $351,333.	                351,333

  	          Total Investments	                                 $   381,333

NOTE 4 -	NOTES PAYABLE - RELATED PARTY
	The Company has notes payable to shareholders in
the amount of $134,656 at December 31, 1999.  The
amounts bear interest at 10%, are unsecured and  due
on demand.

NOTE 5 -	COMMON STOCK
	a.  On March 5, 1999, the Company issued 2,000,000
for proprietary rights and software valued at $200,000.
The rights and software were written down to their estimated
 net realizable value of $-0- in 1999.

	b.  At a special meeting, a 504D offering was authorized
to sell 1,500,000 shares of common stock at$0.10 per share.
The offering was completed and funded on March 5, 1999 for
$150,000. 	c.  A 504D offering was authorized to sell 600,000
shares of common stock at $0.25 per share.  The offering was
completed and funded for $150,000 on April 3, 1999.

E-VEGAS.COM, INC.
Notes to the Financial Statements
December 31, 1999 and 1998

NOTE 5 -	COMMON STOCK (Continued)

	d.  A 504D offering was authorized to sell 1,000,000 shares
of common stock at $0.70 per share.  The offering was completed
and funded for $700,000 on May 3, 1999.

	e.  A 505D offering was authorized to sell 1,680,000 shares
of common stock at $0.25 per share.  The offering was completed
and funded for $420,000 on June 30, 1999.  680,000 shares equaling
 $170,000 were sold for cash.  1,000,000 shares were issued for
an investment in Bettabunch, Inc. valued at $250,000.

	f.  In August and September 1999 2,612,000 shares of common
stock were issued at $0.25 per share for cash, totaling $653,000.

	g.  In October 1999, 1,000,000 shares of common stock were
issued for $0.25 per share, for cash totaling $254,000.

	h.  In October and November 1,288,817 shares of common
stock were issued at $0.25 per share for consulting services.

NOTE 6 -	NOTE PAYABLE

	On June 21, 1999, the Company purchased software and
computer equipment from an unrelated party.  An initial
payment of $43,957 is due in 2000 and payments of $4,738
are due quarterly over a 24-month period.  The note bears
an imputed interest rate of 10% and is secured by equipment.
 Future maturities of the note payable is as follows:

    		2000       	$	62,691
    		2001         		9,476

               			$	72,167

NOTE 7 -	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 believes that the Company will soon be able to generate
revenues sufficient to cover its operating costs.  In the interim,
the Company intends to raise additional capital through private
placements of its common stock.

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

	Not applicable.

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

	The executive officers and directors of the Company are as follows:

		Name                 			Age		    	Position

		Edward B. Gallagher	     57		    	President/Director

  Erwin Liem		             42			    Secretary/Treasurer/Director

		Antal Markus	           	43			    Vice President/Director

	All directors hold office until the next annual meeting of
stockholders or until their successors have been duly qualified.
 Directors will be elected at the annual meeting  and serve for
one year terms.  There are no agreements with respect to the
 election of directors.  The Company has not compensated its
directors for service on the Board of Directors or any committee
thereof.  Any non-employee director of the Company shall be
reimbursed for expenses incurred for attendance at meetings
of the Board of Directors and any committee of the Board of
Directors.  The executive committee of the Board of Directors
to the extent permitted under Nevada law, consists of three
 directors and exercises all the power and authority of the
Board of Directors in the management of the management of the
business and affairs of the Company between meetings of the
Board of Directors.  Each executive officer is appointed by
and serves at the discretion of the Board of Directors.

	None of the officers and/or directors of the Company
are officers and directors of any other publicly traded
corporation, nor have any of the directors and/or officers,
nor any of the affiliates or promoters of the Company filed
any bankruptcy petition, been convicted in or  been the
subject of any pending criminal proceedings, or the subject
 to any order, judgment, or decree involving the violation
 of any state or federal securities laws within the past
five years.

The directors will initially devote full time to the Company affairs.

	All of the working officers and employees on a full time
basis.  There are twenty other full time employees.

	The business experience of each of the persons listed
 below during the past five years is as follows:

Mr. Edward B. Gallagher, President
Mr. Gallagher is a Partner of President's Corporate Group,
Inc., as a President of the Group; he has taken the Group to
the 21st Century in business.  Mr. Gallagher is a retired
Royal Canadian Mounted Police and currently active in several
 board of directors of public corporation in Canada.
His experiences are in the are of high technology development
and product sourcing.  As the co-founder of Canada Payphone,
 Ltd., Mr. Gallagher pioneered the privatization of payphones
 in Canada.

Mr. Erwin Liem, Secretary and Treasurer
Mr. Liem has been involved in corporate development of public
companies listed in the NASDAQ and Vancouver Stock Exchange
since 1986.  He is responsible for all aspects of corporate
operations and acts as a liaison between the Company and its
various corporate advisors.  Mr. Liem oversaw the establishment
of the Company's operations in Costa Rica.  As such, he is
responsible for overseeing the operations in Costa Rica.

Mr. Antal (Tony) Markus, Vice President
Mr. Markus is an expert in capital financing and
mergers/acquisition.  He acts as investment banker for the
Company's development as well as Corporate Finance.  In the
past 20 years, Mr. Markus has successfully run and merged
public corporations on the Vancouver Stock Exchange and
NASDAQ and capitalized all companies with over $100 million.
He will continue his performance with the current development
 at Global E-Comm, S.A. as the Director of Finance.

Section 16(a) Beneficial Ownership Reporting Compliance

	Each of the Company's officers and directors  are
required to file a Form 3, Annual Statement of Changes in
Beneficial Ownership on or before the 45th day after the
end of the fiscal year.  These reports have not been filed
 in a timely basis and have recently been filed.

Item 10.  Executive Compensation

	Mr. Gallagher, Mr. Liem and Mr. Markus, the officers
and directors receive $30,000 per year plus related business expenses.

	There are no annuity, pension or retirement benefits
proposed to pay to officers, directors or employees of the
Corporation in the event of retirement date pursuant to any
presently existing plan provided or contributed to by the
Corporation or any of its subsidiaries.

No remuneration other than that reported in paragraph (a) of
this item it proposed to be in the future directly or indirectly
 by the corporation to any officer or director under any plan
which is presently existing.

Item 11.  Security Ownership of Certain Beneficial Owners and Management

	The following table sets forth information, to the best knowledge
of the Company as of December 31, 1999 with respect to each director
and officer and management as a group and any holder owning more than
 5% of the outstanding common stock.

Name and 	             	Position	   Title of    	Amount of 	Percentage(1)
 Address				            	            Class		     Shares
Edward B. Gallagher		   President	   Common     	1,290,000	      5.5%
9311-163 A Street
Surrey, B.C. Canada V4N3C6

Erwin Liem		           	Secretary    Common	     1,220,000       5.5%
243-2496 East Hastings St.	Treasurer
Vancouver, B.C. Canada V5K1Z1

Antal & Marilyn Markus 	Vice President	Common	    1,200,000	      5%
200 Merlin Court
Kelowna, B.C. Canada V1V1N2

   Management as a Group				                     3,780,000        16 %

  Others of record own 5% or more

First Nevisian Stock Broker Ltd.		             		4,292,000   	    18%
Henville Building Prince Charles Street
Charlestown Nevis, West Indies

(1)The above percentages are based on 23,680,817 shares of common
stock outstanding as of December 31, 1999.

Item 12.  Certain Relationships and Related Transactions

Edward Gallagher and Erwin Liem were the shareholders 21st Century
Software Solutions, Inc., acquired by the Company in March of
1999 and each received 1,000,000 of common stock in exchange
for their ownership of 21st Century Software Solutions, Inc.
This stock is restricted.

	Mr. Markus, an officer and director was the founder
and President of Clear Water Mining, Inc., the predecessor
corporation and owned 1,000,000 shares of that company
which have been converted to E-Vegas.COM, Inc., stock.

	The Company's officers and directors are subject to
the doctrine of corporate opportunities only insofar as it
applies to business opportunities in which the Company has
indicated an interest, either through its proposed business
 plan or by way of an express statement of interest
contained in the Company's minutes.  If directors are
presented with business opportunities that may conflict
with business interests identified by the Company, such
opportunities must be promptly disclosed to the Board of
 Directors and made available to the Company.  In the event
the Board shall reject an opportunity to presented and only
in that event, any of the Company's officers and directors
 may avail themselves of such an opportunity.  Every effort
will be made to resolve any conflicts that may arise in
favor of the Company.  There can be no assurance, however,
that these efforts will be successful.


PART V

Item 13. Exhibits and Reports on From 8-K

(a) Exhibits

* Articles of Incorporation, filed as  Exhibit to Form 10-SB

* By Laws, filed as Exhibit to Form 10-SB


* Subsidiaries

Articles of Incorporation filed as Exhibit to Form 10-SB

27 Financial Data Schedule

* Exhibits so marked have heretofore been filed with the
Securities and Exchange Commission as part of the filing
indicated are incorporated herein by reference.

(b) Reports  on Form 8-K

Dated November 15, 1999.


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.

								E-Vegas.COM, Inc.



								By:___________________
								      Edward Gallagher
								      President


Dated:April 26, 2000

	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.

Signature		             	Title		            		Date

Edward Gallagher		President, Director     April 26,2000


Antal (Tony) Markus		Vice President       April 26, 2000


Erwin Liem			Secretary/Treasurer/Director  April 26, 2000

















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