2


                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, 2000

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

                        Commission File Number: 000-27715

                               1st GENX.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.)

             565 Bernard Ave, Suite 101, Kelowna, BC, Canada V1Y8R4
               (Address of principal executive offices) (Zip Code)

Issuers telephone no.:  (250) 860-9551

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  Registrants  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 issuers revenues for its most recent fiscal year. $ 57,441.00

     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.
$397,230.00 (based on price of $0.03 per share as of January 3, 2001 . State the
number of shares outstanding of each of the issuers classes of common equity, as
of the latest practicable date.

                  Class                 Outstanding as of December 31, 2000
         Common Stock, $.001 Par Value        27,960,817


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


                               1st GENX.COM, INC.
                                TABLE OF CONTENTS
                                   PART I Page
Item 1.          Description of Business                            3-9
Item 2.          Description of Property                              9
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                                       9-11

Item 6.          Managements Discussion and Analysis or Plan of
                     Operation                                    12-14

Item 7.          Financial Statements                                15

Item 8.          Changes in and Disagreements with Accountants on
                      Accounting and Financial Disclosure .          15

                                    PART III

Item 9.          Directors, Executive Officers, Promoters and Control persons;
                     Compliance with Section 16(a) of the Exchange Act 15-16

Item 10.         Executive Compensation                              17

Item 11.        Security Ownership of Certain Beneficial Owners and
                     Management                                      17

Item 12.        Certain Relationships and Related Transactions       18

Item 13.        Exhibits and Reports on Form 8-K                     19


SIGNATURES                                                          S-1





                                     PART I

Item 1.     Description of Business

Business Development
     1st GENX.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.

     On May 15, 1999 the Company entered into a recission agreement and regained
control of Global E-Com, S.A. Costa Rican telecommunications corporation.

     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.

     On March 31,  2000,  the Company  completed a private  placement of 480,000
shares of common stock at $.25 per share for a total of $120,000.

     On May 16,  2000 the  Company  completed  a private  placement  for 240,000
shares of common stock at $.25 per shares for a total of $60,000. These proceeds
were available for day to day  operations  while the Company  implemented  their
business model.

     On July 20, 2000 at the Annual  Meeting of  Shareholders  the  shareholders
ratified by proxy vote to change the name of the Company to 1st GENX.COM, Inc.

     On December 31, 2000 the Company  completed a private  placement of 210,000
shares of common stock at $.25 per share for a total of $52,500.  These proceeds
were  used  for  day to day  business  operations  while  the  company  finished
implementing their business plan.

     As of December 31, 2001 the Company had  27,690,817  shares of common stock
outstanding.

         The Company 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. (currently inactive)

     2.  Siglo   Vientiuno   Solociones   Informaticans,   SA.,  a  Costa  Rican
corporation. It is a Costa Rican management corporation. (currently inactive)

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

Product

     The Company has  developed a user  friendly  leading edge  Internet  Gaming
Software brand named Stealth 001. The software consists of pure a Java operating
system  shell  running  within  Netscape  and Internet  Explorer  browsers.  The
infrastructure  software is built to load nearly  instantly,  using the advanced
design  patterns and  streaming  technology to push  applications  and rich user
interfaces,  delivering modules as needed  transparently to the user. Using this
infrastructure software,  feature rich Internet applications can be delivered as
quickly  and as  easily  as  Web  pages,  with  no  wait,  no  plug-ins,  and no
discernable  download.  Applications  run on demand from the Web as if they were
installed locally.

     These gaming modules  consist of pure Java casino gaming,  sports and stock
wagering applications each of which can be run independently and simultaneously.
Each features options, tabs and drop down menus.

         Casino Gaming
         Blackjack
         Video Poker
         Slot Machine
         Baccarat (in development)
         Roulette (in development)

     Sports and Race Book A fully  automated  online  sportsbook  with  realtime
streaming  online scores,  weather,  injury  reports,  lines,  and game updates.
Parlays,  teasers and tie-ins to online play-by-play applets and game broadcasts
are in  development.  At present  players can make side,  over and under bets on
major league and college sporting events outcomes.  A full featured race book is
in development.

     Stock  Wagering Book The stock betting  module allows players to place bets
on the movement,  volume,  price and  performance of both  individual  stock and
financial  indices  like the  Dow30 and the  S&P500.  The  stock  wagering  book
incorporates live market feeds for tick-by-tick  stock  information,  a charting
module,  a Level II style stock table,  quote tables,  market news, and analysts
reports. The stock book allows the online gaming community to participate in the
equities  markets in a familiar  gaming-like  environment.  The  addition of the
stock and index-wagering component essentially allows players to play the market
without paying commissions or incurring size related slippage.

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  market  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.

     The  software  will target the numerous  new and  existing  on-line  gaming
companies that are participating in the rapidly growing sector that is estimated
by Bear Sterns, Investment Bankers, to grow to $12.5 billion by 2002.

     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,  Asia/Pacific Rim, especially Japan, Australia,
Taiwan,  and New  Zealand.  Western  Europe,  with  14  million  people  online,
accounting  for  18% of the  worlds  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  worlds 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       145       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.

     Although  the  information   presented  above  is  largely  about  Internet
use/gaming  and not about  software it is important to recognize the  increasing
demand for Internet services.  This affects 1st GENX.COM,  Inc., due to the fact
that the Stealth001 software  interfaces  directly with the Internet.  Also, the
clients  that will be  purchasing  the Stealth 001  software on Internet  gaming
sites, so therefore the Internet market is a relevant fact.

Marketing

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

     1. Online links.  There are a number of online  directories,  which provide
links to casinos and sports books or offer the best of the net.  1ST Genx.  COM
will  seek to list  with a number  of these  services  to  increase  its  online
exposure.  This exposure will bring potential  clients to a web page that shares
the operating software.

     2.  Establishing a sales  department with the exclusive  responsibility  of
introducing  the  Stealth001  software  to in-house  leads and target  marketing
current online gaming sites.

     3. The  Company  will  host the  first  international  conference  with the
specific  mandate  via an  open  forum  discussion  to  work  towards  adopting,
resolving, and initiating and international Business Code of Standards.

Competition

     In a Special Report by the Washington Post on June 1, 1998, it was reported
that there are at least 140  websites  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.  These
companies use their own branded software.  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.  Starnets  corporate office is in Vancouver,  but operates
validity in Antigua.  In 1998,  Starnet  reported its casino group saw 6 million
hits daily; the average spent per better visit was US$200. Starnets web address
is www.worldgaming.net.

         CryptoLogic, Inc. (NASD:CRYP)

     A supplier to the Internet gaming and e-commerce industries.  The companies
proprietary  technologies enable secure, high speed financial  transactions over
the Internet.  The Company  develops  Internet  software  applications  for both
e-commerce  and  Internet   gaming.   CryptoLogics   web  site  is  located  at
www.cryptologic.com.

         Chartwell Technologies, Inc. (CDNX: CWH)

     A developer of Java based games and entertainment content for the Internet.
The  Companys  Java  based  games  are  designed  for  gaming,   entertainment,
advertising and promotion.  Chartwell Technologies,  Inc., website is located at
www.chartwelltechnology.com.

         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.  NTNs
web site is located at www.iwnonline.com.

Research and Development

     The Company has completed  beta testing of the Stealth001  software,  which
became fully functional in October of 2000.

Patents and Trademarks

     The  Company  has  no   trademarks  in  the  United  States  or  any  other
jurisdictions. The Company has an Internet domain name of 1st GENX.COM.

Employees

     Currently  the  Company  has 3 full  time  employees  in  Kelowna,  British
Columbia, Canada. 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 Companys headquarters office is 2,400 square feet at 565 Bernard Avenue
Suite 101,  Kelowna,  British Columbia,  Canada.  Monthly lease is $1,500 US per
month. In addition,  the Company maintains a resident agent at Corporate Capital
Formation, 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. This case
will be heard in the Provincal Court of British Columbia in July of 2002.


Industry Segments

     No information is presented on industry segments.

Item 2.     Description of Property

     The Companys headquarters office is 2,400 square feet at525 Kelowna Avenue,
Suite 101, Kelowna, British Columbia,  Canada V1Y8R4. Monthly lease is $1,500 US
per month.  In  addition,  the Company  maintains a resident  agent at Corporate
Capital  Formation,  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. This case
will be heard in the Provincal Court of British Columbia in July of 2002.


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

     No matters were  submitted to a vote of the  Companys  Securities  Holders
during the fourth quarter of the Companys fiscal year ending December 31, 2000.

                                     PART II

Item 5.  Market for Common Equity and Related Stockholders Matters

     The  Companys  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 Companys 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 2000 as
reported by the OTC Bulletin Board.  The Companys  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

                           2000
                           First Quarter             $.80              $.60
                           Second Quarter            $.82              $.20
                           Third Quarter             $.37              $.10
                           Fourth Quarter            $.18              $.021

     As of December 31, 2000 the Company had issued and  outstanding  27,960,817
shares of common stock and there were  approximately  57 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 issuers  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
Companys  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 NASDAQ 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
issuers net tangible assets; or exempted from the definition by the Commission.
If the  Companys  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 purchasers  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 price 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 Companys Common stock
and may affect the ability of shareholders to sell their shares.

Recent Sales of Unregistered Securities

     On March 31, 2000,  the Company  issued 480,000 of common stock for cash at
$.25 per chare for a total of $120,000.  The shares were issued to 4 individuals
under Section 4(2) of the 1933 Securities Act and bear a restrictive legend.

     On March 31, 2000 the Company  issued  500,000 shares at $.25 for services.
The total fair market value of the services received was $125,000.  These shares
were issued under 4(2) of the 1933 Securities Act and bear a restrictive legend.

     On April 1, 2000 the Company  issued  1,000,000  shares of common  stock at
$.25 per share for services.  The fair market value of the services received was
$250,000.  The shares were issued under section 4(2) of the 1933  Securities Act
and bear a restrictive legend.

     On May 16, 2000 the Company  issued  240,00  shares of common stock at $.25
per share for a total of $60,000 cash. These shares were issued to 3 individuals
under section 4(2) of the 1933 Securities Act and bear a restrictive legend.

     On July 1, 2000 the Company issued 1,100,000 shares of common stock at $.25
per  share to 3  entities  for  services.  The fair  market  value of the of the
services received was $275,00.  The shares were issued under section 4(2) of the
1933 Securities Act and bear a restrictive legend.

     On July 27, 2000 the Company  issued 750,000 shares of common stock at $.25
for services. The fair market value of the services received was $187,500. These
shares were issued  under  section  4(2) of the 1933  Securities  Act and bear a
restrictive legend.

     On December 31, 2000 the Company  issued  210,000 shares of common stock at
$.25  for  cash  to 3  individuals  for a  total  of  $42,500  cash  and a stock
subscription receivable for $10,000. These shares were issued under section 4(2)
of the 1933 Securities Act and bear a restrictive legend.

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.     Managements 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 Company was engaged in the Internet  gaming  industry until early 2000.
However,  after  careful  reexamination  the  Companys  management  decided the
Company should exit the Internet  gaming  industry and enter the Internet gaming
software industry.

     The Companys  current capital was provided by the sale of common stock and
from  shareholders  who have loaned the Company  $353,059 in the past year and a
half. The Company has spent approximately  $60,000 to develop its new Stealth001
software.  The Company also had $1,594,908 in loss from discontinued  operations
for 2000. Of the $1,594,908  loss from  discontinued  operations,  approximately
$956,750 of the charges  occurred in transactions  where common stock was issued
for services.

     Effective  in  2000  1st  Genx.Com,   Inc.  ceased  all  Internet  gambling
operations and began operations in Internet software development.

     In  December  of  2000  the  Company  closed  its  Global  E-Com  operating
subsidiary.  The subsidiary had been sold in late 1999,  however;  that deal was
rescinded  in early  2000.  The  Company  incurred a charge of $71,355 for these
discontinued operations in 2000.

     Management anticipates outside funding will be necessary to fully implement
and market its  Stealth001  software.  Management  will  explore  debt or equity
transactions.  There is no  assurance  that the  Company  will be able to secure
future financing. However, the Company has been successful in the past.

     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 2001.

     It should be noted that the  Companys  auditors HJ  Associates,  LLC. have
expressed in their  financial  statements and audit opinion letter that there is
substantial doubt about the Companys ability to continue as a going concern.

Liquidity and Capital Resources

     The  Companys   financial   statements  present  a  severe  impairment  of
liquidity.  The  Company  has $866 in current  assets,  compared  to $651,064 in
current  liabilities.  Management  anticipates  that  outside  funding  will  be
necessary to implement and market its new Stelth001  software.  Management  will
explore debt or equity transactions. There is no assurance that the Company will
be able to secure future financing.

     Therefore,  the  Companys  auditors  consider  the  Company  to be a going
concern.  This  contemplates  the  realization  of  assets  and  liquidation  of
liabilities  in  the  normal  course  of  business.  The  Company  has  not  yet
established  revenues  to  cover  its  operating  costs in the  Internet  gaming
industry and has changed their operating focus to software  development to 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
through software development.

Net Operating Losses

     The Company has  accumulated  $(4,659,300)  of net  operating  losses as of
December 31, 1999,  which may used to reduce taxes in future years through 2015.
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.

Results of Operation

     For the  year  ended  December  31,  2001  the  Company  has a net  loss of
$1,594,908  compared to $2,976,079 for 1999. The decrease in the net loss can be
attributed to a $840,939 decreased in General and Administrative  charges.  This
can largely be  attributed to closing down the Global E-Com  subsidiary  and the
Internet gaming operation.  Management fees also decreased from $105,000 in 1999
to $62,500 in 2000.  This is also due to the closing of Global E-Com  subsidiary
and the gaming operation,  Advertising decreased $85,387 in 2000. This is due to
the Internet gaming site not operating  after the 1st quarter of 2000.  Revenues
were also down  sharply  from  $3,413,736  to $162,044  this again is due to the
discontinued operations. (See note 8 of the annexed financial statement)

Recent Accounting Pronouncements

     The Financial  Accounting Standards Board has issued Statement of Financial
Accounting (SFAS), No. 133, Accounting for Derivative Instruments.  SFAS No.
133  provides a  different  method for  accounting  for  derivative  instruments
embedded in other  contracts  and  hedging  activities.  Derivative  instruments
represent   rights  or  obligations  that  meet  the  definition  of  assets  or
liabilities  and should be reported in the financial  statements.  Fair value is
the most relevant measure for financial statements and the only relevant measure
for derivative  instruments.  Derivative  instruments should be measured at fair
value and  adjustments  to the  Companys  derivative  of hedging  items  should
reflect  changes in their fair  value  that are  attributable  to the risk being
hedged and that arise while the hedge is in effect.  SFAS.  No. 133 is effective
for financial statements ending after June 15, 1999. SFAS No.
133 implementation did not have a material effect on the financial statements.

     The Financial  Accounting  Standards Board has also issued 44PB Opinion No.
25).  APN No. 25 APB Opinion No. 25 APB  Opinion  No. 25,  Accounting  for Stock
Issued to Employees,  was issued in October 1972. Since its issuance,  questions
have been raised about its  application and diversity in practice has developed.
During its consideration of the accounting for stock-based  compensation,  which
lead to the issuance of SFAS No. 123,  Accounting for Stock Based  Compensation,
the Board decided not to address  practice  issues related to Opinion 25 because
the Board had planned to supersede  Opinion 25.  However,  Statement 123 permits
entities  to  continue  applying  Opinion  25 to  stock  compensation  involving
employees. Consequently, questions remain about the application of Opinion 25 in
a number of different circumstances.

     This  Interpretation  clarifies  the  application  of  Opinion  25 for only
certain issues. It does not address any issued related to the application of the
fair value method in Statement  123. The issues  addressed  herein were selected
after  receiving  input from members of both the FASB Emerging Issues Task Force
and the task force on stock  compensation  that assisted in the  development  of
Statement  123.  Among  other  issues,  this  Interpretation  clarifies  (a) the
definition of employee for purposes of applying Opinion 25, (b) the criteria for
determining  whether  a  plan  qualified  as a  noncompensatory  plan,  (c ) the
accounting  consequence  of various  modifications  to the terms of a previously
fixed stock  option or award,  and (d) the  accounting  for an exchange of stock
compensation awards in a business combination.

     FIN44 is effective for financial statements issued for periods ending after
July 1, 2000. The implementation of FIN 44 did not have a material affect on the
financial statement.

Inflation

          In the  opinion  of  management,  inflation  will not have a  material
     effect on the operations of the Company.

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 Companys periodic report filings with
the Securities and Exchange Commission.

Item 7.  Financial Statements

         See the financial statements annexed to this report.

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

                  Antal Markus               43         President/Director

                  Marilyn Markus             43         Secretary/Treasurer

                  Paul Holm                  63         Vice President/Director

                  Allen Schwabe              46         Director

     All directors hold office until the next annual meeting of  stockholders or
until their  successors have been duly  qualified.  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 time to the Company  affairs on an as
needed basis.

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

     At present the Company  does not have any  employment  agreements  in place
with any directors, executive officer or employee. The Company may enter into an
agreement with certain qualified executive officers if deemed appropriate by the
Board of Directors to be in the best interests of the Company.  No agreement has
been effected as of the date hereof.

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

         Mr. Tony (Antal) Markus, President/CEO, Director
Mr. Markus is an expert in capital financing and merger/acquisitions. He acts as
an investment banker for the Companys  development as well as Corporate Finance.
Currently  he is the  Chief  Executive  Officer  of Mara  Ventures,  Inc.  since
December 13, 1996.  Mr. Markus has been involved in 1st  Genx.Com,  Inc.,  since
February 10, 1999. In the past 20 years Mr. Markus has  successfully  run merged
public  corporations  on the Vancouver Stock Exchange and NASDAQ and capitalized
all  companies  with  over  $100  million.  Mr.  Markus  was  the  President  of
Fundamental  Financial  Corporation  from  1995 to 1996.  From  1993 to 1995 Mr.
Markus was the President of Merlin Corporation.

         Marilyn Markus, Secretary
Mrs.  Markus is the  Corporate  Secretary of the Company.  She has served as the
Corporate  Secretary  since July of 2000.  Her services to 1st Genx.  Com, Inc.,
include her  extensive  ability to perform  accounting  duties,  keep  corporate
records in good standing as well as to act as Senior Officer of the Company.

         Paul Holm, Vice President/Director
Mr. Holm has been a director of 1st  Genx.Com,  Inc.  since  October 1, 2000. He
owns and operates the Social Register in Las Vegas providing for charity events.
From 1979 to present Mr. Holm produces  special events for various country clubs
and resorts.

         Allan Serwa, Director
Mr. Serwa has been a director of 1St Genx.Com,  Inc. since October 1, 2000. From
1995 until present Mr. Serwa as served as the President of  Interactive  Engine.
He designed kiok software and initial  corporate  development  requirements  for
Interactive Engine based on experience with IBM.

Section 16(a) Beneficial Ownership Reporting Compliance

     Each of the Companys 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. Markus and Mrs. 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, 2000 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
------------------------------------------------------------------------------
Tony Markus              President        Common     100,000        .05%
565 Bernard Ave
Kelowna, BC V1Y8R4

Marilyn Markus           Secretary        Common   1,100,000       4%
565 Bernard Ave.
Kelowna, BC V1Y8R4

Paul Holm                Director         Common    250,000        .05%
5824 Harcourt Drive
Coeurd Alena, IA 83815
--------------------------------------------------------------------

   Management as a Group                           1,450,000      5 %

  Others of record own 5% or more

First Nevisian Stock Broker Ltd.                   4,292,000      15%
Henville Building Prince Charles Street
Charlestown Nevis, West Indies

     (1)The above  percentages  are based on  27,960,817  shares of common stock
outstanding as of December 31, 2000.

Item 12.  Certain Relationships and Related Transactions

     The  Companys  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
Companys 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  Companys  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 reference to Exhibit in Form 10-SB

     By Laws, filed as reference to Exhibit in Form 10-SB


     Subsidiaries

     Articles of Incorporation filed as reference to Exhibit in Form 10-SB

27       Financial Data Schedule

                  .

(b)      Reports  on Form 8-K

     Dated November 15, 1999.

          Annual Meeting with Proxy  Information and Proxy filed as reference to
     Exhibit in DEF 14A.


                                                              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.

                                                      1st GENX.COM, Inc.



                                                      By:/S/ Antal Markus
                                                             Antal Markus
                                                             President


Dated:  April  2, 2001

          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

/S/ Antal Markus           President, Director                  April 2, 2001
Antal Markus


/S/ Paul Holm               Vice President                      April 2, 2001
Paul Holm

/S/ marilyn Markus           Secretary                           April 2, 2001
Marilyn Markus












                                                                  S-1









                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)

                        CONSOLIDATED FINANCIAL STATEMENTS

                                December 31, 2000









                                 C O N T E N T S


Independent Auditors Report............................................. 3

Consolidated Balance Sheet.............................................. 4

Consolidated Statements of Operations................................... 6

Consolidated Statements of Stockholders Equity (Deficit)............... 7

Consolidated Statements of Cash Flows................................... 10

Notes to the Consolidated Financial Statements.......................... 12






                           INDEPENDENT AUDITORS REPORT


To the Board of Directors
1st GenX.Com, Inc.
(Formerly E-Vegas.Com, Inc.)
Kelowna, Canada


We have audited the  accompanying  consolidated  balance  sheet of 1st GenX.Com,
Inc.  (formerly  E-Vegas.Com,  Inc.) as of  December  31,  2000 and the  related
consolidated  statements of operations,  stockholders equity (deficit) and cash
flows  for the years  ended  December  31,  2000 and  1999.  These  consolidated
financial  statements are the  responsibility of the Companys  management.  Our
responsibility  is  to  express  an  opinion  on  these  consolidated  financial
statements based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable  assurance about whether the  consolidated  financial  statements are
free of material  misstatement.  An audit includes  examining,  on a test basis,
evidence  supporting the amounts and disclosures in the  consolidated  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 consolidated  financial statements referred to above present
fairly in all material  respects,  the  consolidated  financial  position of 1st
GenX.Com,  Inc.  (formerly  E-Vegas.Com,  Inc.) as of December  31, 2000 and the
consolidated  results  of their  operations  and their  cash flows for the years
ended  December  31,  2000  and  1999  in  conformity  with  generally  accepted
accounting principles.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 7 to the
consolidated  financial  statements,  the  Company  has  generated  losses  from
operations  for the years  ended  December  31,  2000 and 1999,  and has current
liabilities  in excess of current  assets of $650,258 at December 31, 2000 which
together  raise  substantial  doubt  about its  ability to  continue  as a going
concern.  Managements  plans in regard to these  matters are also  described in
Note 7. The  consolidated  financial  statements do not include any  adjustments
that might result from the outcome of this uncertainty.



HJ & Associates, LLC
Salt Lake City, Utah
April 10, 2001


The  accompanying  notes are an integral  part of these  consolidated  financial
statements.  11 1ST GENX.COM,  INC.  (Formerly  E-Vegas.Com,  Inc.) Consolidated
Balance Sheet


                                     ASSETS
                                    December 31,
                                      2000

CURRENT ASSETS

Cash$                                  806

Total Current Assets                   806

FIXED ASSETS (Note 1)

Telecommunications equipment         2,496
Software                            60,000
Office furniture and equipment      17,699
Accumulated depreciation           (10,538)

Total Fixed Assets                  69,657

OTHER ASSETS

Investments, net (Note 3)           30,000

Total Other Assets                  30,000

TOTAL ASSETS                     $ 100,463




                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                     Consolidated Balance Sheet (Continued)


                  LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)
                                                    December 31,
                                                         2000

CURRENT LIABILITIES

Accounts payable                                       $   171,815
Notes payable - related party (Note 4)                     352,741
Current portion of notes payable (Note 6)                   58,554
Accrued expenses                                            67,954

Total Current Liabilities                                  651,064

LONG-TERM LIABILITIES

Note payable (Note 6)                                        9,476

Total Long-Term Liabilities                                  9,476

Total Liabilities                                          660,540

STOCKHOLDERS EQUITY (DEFICIT)

Common stock; $0.001 par value, 50,000,000 shares
authorized, 27,960,817 shares issued and outstanding        27,961
Additional paid-in capital                               4,081,262
Subscription receivable                                    (10,000)
Accumulated deficit                                      (4,659,300)

Total Stockholders Equity (Deficit)                      (560,077)

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)    $   100,463




                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                      Consolidated Statements of Operations

                                                 For the
                                                Years Ended
                                                 December 31,
                                             2000             1999

REVENUES                           $           -   $           -

EXPENSES                                       -               -

LOSS FROM CONTINUING OPERATIONS

Global ECom, Inc.                        (71,355)       (332,552)
1st Genx.com, Inc.                    (1,523,553)     (2,643,527)

LOSS FROM DISCONTINUED OPERATIONS     (1,594,908)     (2,976,079)

NET LOSS                         $    (1,594,908) $   (2,976,079)

BASIC LOSS PER SHARE (Note 1)

Loss from continuing operations  $        (0.00)  $        (0.00)
Loss from discontinued operations         (0.06)           (0.14)

Basic Loss Per Share             $        (0.06)  $        (0.14)

WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING                           26,206,609      21,429,994






                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
            Consolidated Statements of Stockholders Equity (Deficit)

                                                                Additional
                                         Common Stock             Paid-in

                                    Shares           Amount       Capital

Balance, December 31, 1997           12,000,000   $   12,000   $   98,020

Net loss for the year ended
December 31, 1998                             -            -            -

Balance, December 31, 1998           12,000,000       12,000       98,020

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







                                      Subscription  Accumulated
                                        Receivable   Deficit

Balance, December 31, 1997           $       -   $(79,925)

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

Balance, December 31, 1998                   -    (88,313)

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

March 5, 1999, common stock
issued for cash at $0.10 per share           -          -

April 3, 1999, common stock
issued for cash at $0.25 per share           -          -

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

June 30, 1999, common stock
issued for cash at $0.25 per share           -          -

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

Balance Forward                      $       -   $(88,313)









                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
      Consolidated Statements of Stockholders Equity (Deficit) (Continued)

                                                Common Stock          Additional
                                                Shares      Amounts    Paid in
                                                                      Capital

Balance Forward                              18,780,000   $   18,780  $1,711,240

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

Net loss for the year ended
December 31, 1999                                     -            -           -

Balance, December 31, 1999                   23,680,817   $   23,681  $2,935,542




                                               Subscription   Accumulated
                                                Receivable      Deficit


Balance Forward                              $       -   $   (88,313)

July 14, 1999 - common stock
issued for cash at $0.25 per share                   -             -

August 5, 1999 - common stock
issued for cash at $0.25 per share                   -             -

August 30, 1999 - common stock
issued for cash at $0.25 per share                   -             -

September 10, 1999 - common stock
issued for cash at $0.25 per share                   -             -

September 13, 1999 - common stock
issued for cash at $0.25 per share                   -             -

September 14, 1999 - common stock
issued for cash at $0.25 per share                   -             -

September 21, 1999 - common stock
issued for cash at $0.25 per share                   -             -

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

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

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

November 11, 1999 - common stock
issued for consulting services at $0.25
per share                                            -             -

Net loss for the year ended
December 31, 1999                                    -    (2,976,079)

Balance, December 31, 1999                   $       -   $(3,064,392)




                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
      Consolidated Statements of Stockholders Equity (Deficit) (Continued)



                                            Common Stock         Additional
                                        Shares       Amount      Paid in
                                                                 Capital

Balance, December 31, 1999             23,680,817   $   23,681   $2,935,542

March 31, 2000 - common stock issued
for cash at $0.25 per share               480,000          480      119,520

March 31, 2000 - common stock issued
for services at $0.25 per share           500,000          500      124,500

April 1, 2000 - common stock issued
for services at $0.25 per share         1,000,000        1,000      249,000

May 16, 2000 - common stock issued
for cash at $0.25 per share               240,000          240       59,760

July 1, 2000 - common stock issued
for services at $0.25 per share         1,100,000        1,100      273,900

July 27, 2000 - common stock issued
for services at $0.25 per share           750,000          750      186,750

December 31, 2000 - common stock
issued for cash at $0.25 per share        210,000          210       42,290

Additional paid-in capital                      -            -       90,000

Net loss for the year ended
December 31, 2000                               -            -            -

Balance, December 31, 2000             27,960,817   $   27,961   $4,081,262





                                        Subscription    Accumulated
                                        Receivable      Deficit


Balance, December 31, 1999               $       -    $(3,064,392)

March 31, 2000 - common stock issued
for cash at $0.25 per share                      -              -

March 31, 2000 - common stock issued
for services at $0.25 per share                  -              -

April 1, 2000 - common stock issued
for services at $0.25 per share                  -              -

May 16, 2000 - common stock issued
for cash at $0.25 per share                      -              -

July 1, 2000 - common stock issued
for services at $0.25 per share                  -              -

July 27, 2000 - common stock issued
for services at $0.25 per share                  -              -

December 31, 2000 - common stock
issued for cash at $0.25 per share         (10,000)             -

Additional paid-in capital                       -              -

Net loss for the year ended
December 31, 2000                                -     (1,594,908)

Balance, December 31, 2000        $     (10,000) $     (4,659,300)




                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                      Consolidated Statements of Cash Flows

                                                     For the
                                                   Years Ended
                                                   December 31
                                                 2000               1999

CASH FLOWS FROM OPERATING ACTIVITIES

(Loss) from discontinued operations             $  (1,594,908) $   (2,976,079)
Adjustments to reconcile loss from operations to
net cash used by operating activities:
Depreciation and amortization                           95,221         43,617
Bad debt expense                                       145,340         21,460
Loss on disposition of assets                          105,843              -
Common stock issued for services                       837,500        322,203
Changes in operating assets and liabilities:
(Increase) decrease in deposits                        147,830       (147,830)
Increase (decrease) in accounts payable                163,595         15,590
Increase (decrease) in gaming loss reserve            (213,648)       213,648
Increase (decrease in accrued expenses                  57,595              -
(Increase) decrease in reserve
for discontinued operations                           (379,458)             -

Net Cash (Used) by Operating Activities               (635,090)    (2,507,391)

CASH FLOWS FROM INVESTING ACTIVITIES

Equipment purchased                                    (24,877)             -
Investments purchased                                        -        (30,000)

Net Cash (Used) by Investing Activities                (24,877)       (30,000)

CASH FLOWS FROM FINANCING ACTIVITIES

Subscription receivable                                (10,000)             -
Advances to shareholder                               (140,446)             -
Payments on notes payable                             (132,724)        (9,454)
Proceeds from notes payable                            681,881        479,114
Contributed capital                                     30,000              -
Proceeds from common stock                             222,500      2,077,000

Net Cash Provided by Financing Activities              651,211      2,546,660

INCREASE IN CASH AND CASH EQUIVALENTS                   (8,756)         9,269

CASH AND CASH EQUIVALENTS AT
BEGINNING OF YEAR                                        9,562            293

CASH AND CASH EQUIVALENTS AT
END OF YEAR                                        $       806    $     9,562




                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                Consolidated Statements of Cash Flows (Continued)

                                                For the
                                               Years Ended
                                              December 31,
                                         2000                1999

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              $837,500   $322,203
Computer software contributed by
shareholder                                   $ 60,0$           -


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


                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


NOTE 1 -      ORGANIZATION AND DESCRIPTION OF BUSINESS

On February 10, 1997,  1st Genx.com,  Inc.  (formerly  E-Vegas.Com,  Inc..) (the
Company) was incorporated  under the laws of Nevada to engage in the exploration
and mining business.

On February 5, 1999, the Companys  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 companys 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 Companys name was changed to  E-Vegas.Com,  Inc. On
July 20, 2000, the Companys name was changed to 1st Genx.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.

On October 2, 1999,  the Company formed a Costa Rican  Corpoation  called Global
E-Comm,  Inc. and became a  wholly-owned  subsidiary  in the  telecommunications
business in Latin America.

On May 15, 2000, the Company entered into a Recission  Agreement with Presidents
Telecom,  Inc.  (Presidents)  whereby the Company  reacquired  100% ownership in
Global E-Com, S.A.  (Global).  The consolidated  financial  statements have been
retroactively  restated to show the  transaction as if the sale did not occur in
October 1999.

NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

              a.  Accounting Method

The Companys  consolidated  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.


                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)

              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.

              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

At December  31,  2000,  the Company had net  operating  loss  carryforwards  of
approximately  $4,700,000  that may be  offset  against  future  taxable  income
through  2020. No tax benefit has been  reported in the  consolidated  financial
statements as the Company  believes that the  carryforwards  will expire unused.
Accordingly,  the potential tax benefits of the net operating 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:

                                                     For the Years Ended
                                                          December 31,
                                                    2000                1999

Income tax benefit at statutory rate             $   606,065    $ 1,130,910
Change in valuation allowance                       (606,065)    (1,130,910)

                                                  $           -  $           -

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

                                                        For the Years Ended
                                                            December 31,
                                                      2000           1999

Income tax benefit at statutory rate              $ 1,770,534    $ 1,164,469
Change in valuation allowance                      (1,770,534)    (1,164,469)
                                                  $        -     $           -


                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

              e.  Income Taxes (Continued)

          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.

              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  operated in one  industry  which was internet  gaming.  The Company
recognized  revenues from its gaming  activities upon completion of the activity
upon which the wager was placed. Winnings were recorded as revenues. Losses were
recorded as gaming  payouts.  Funds held for  customers but not yet wagered were
carried as a  liability  known as gaming loss  reserve.  These  operations  were
discontinued during the year ended December 31, 2000.

NOTE 3 -      INVESTMENTS
                                                                    December 31,
                                                                      2000
               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 Companys common stock valued at
               $250,000 and cash invested of $46,042.  The Companys
               investment in Betta Bunch has been accounted for using
               the equity method.  Betta Bunch is an online gaming
               company.  The investment has been written down by a
               loss of $296,042 as of December 31, 2000.                  -

              Total Investments                               $          30,000

NOTE 4 -      NOTES PAYABLE - RELATED PARTY

The  Company  has notes  payable to  shareholders  in the amount of  $352,741 at
December 31, 2000.  The amounts bear  interest at 10%, are  unsecured and due on
demand.

                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

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.

          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 at
     $0.25 per share, for cash totaling $254,000.

          h. In October and November 1999, 1,288,817 shares of common stock were
     issued at $0.25 per share, for consulting services.

          i. In March 2000,  480,000 shares of common stock were issued at $0.25
     per share, for cash totaling $120,000.

          j. In March 2000,  500,000 shares of common stock were issued at $0.25
     per share, for services totaling $125,000.

          k. In April  2000,  1,000,000  shares of common  stock were  issued at
     $0.25 per share, for services totaling $250,000.

          l. In May 2000,  240,000  shares fo common  stock were issued at $0.25
     per share, for cash totaling $60,000.

          m. In July 2000, 1,100,000 shares of common stock were issued at $0.25
     per share, for services totaling $275,000

          n. In July 2000,  750,000  shares of common stock were issued at $0.25
     per share, for services totaling $187,500.

          o. In November  2000,  210,000  shares of common  stock were issued at
     $0.25  per  share,  for  cash  totaling  $52,500  of  which  $10,000  is  a
     subscription receivable.


                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


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 was 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%,  is  secured  by  equipment,  and is  past  due.  Future
maturities of the note payable is as follows:

                                             2000          $            58,554
                                             2001                        9,476

                                                           $            68,030

NOTE 7 -      GOING CONCERN

The Companys  consolidated  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  in the  Internet  gaming  industries  and  has  changed  their
operating  focus to  software  development  to 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 through software  development.
In the interim,  the Company intends to raise additional capital through private
placements of its common stock.

NOTE 8 -      DISCONTINUED OPERATIONS

              Global ECom, Inc.

Effective  December  31, 2000,  Global ECom,  Inc.  ceased all  operations.  The
following is a summary of the loss from discontinued  operations  resulting from
the elimination of the operations of Global ECom, Inc. The financial  statements
have been retroactively  restated to reflect this event. No tax benefit has been
attributed to the discontinued operations.


                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


NOTE 8 -      DISCONTINUED OPERATIONS (Continued)

                                        For the Year Ended
                                            December 31,
                                     2000               1999

REVENUES                            $ 104,603 $          -

OPERATING EXPENSES

Cost of sales                          78,690            -
General and administrative             59,006      368,721
Depreciation                           38,342            -

Total Operating Expenses              176,038      368,721

LOSS FROM OPERATIONS                  (71,435)    (368,721)

OTHER INCOME (EXPENSES)

Other income                               80       36,169

Total Other Income (Expense)               80       36,169

LOSS BEFORE INCOME TAXES              (71,355)    (332,552)

INCOME TAXES                                -            -

LOSS FROM DISCONTINUED OPERATIONS  $ (71,355) $    (332,552)


              1stGenX.Com, Inc.

Effective  December 31, 2000,  1stGenX.Com,  Inc.  ceased all Internet  gambling
operations  and began  operations  in software  development.  The following is a
summary of the loss from discontinued  operations  resulting from elimination of
the operations in the Internet gambling business.  The financial statements have
been restated to reflect this event.  No tax benefit has been  attributed to the
discontinued operations.

                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


NOTE 8 - DISCONTINUED OPERATION (Continued)
                                               For the
                                              Years Ended
                                               December 31,
                                      2000               1999
REVENUES
Gaming revenues                     $    57,441    $ 3,388,361
Other revenues                                -         25,375

Total Revenues                           57,441      3,413,736

GAMING PAYOUTS                           46,344      3,640,474

GROSS MARGIN                             11,097       (226,738)

OPERATING EXPENSES

Management fees                          62,500        105,000
Advertising and promotion                22,182        107,569
Depreciation and amortization            56,879        109,476
General and administrative            1,257,451      1,788,675

Total Operating Expenses              1,399,012      2,110,720

OPERATING LOSS                       (1,387,915)    (2,337,458)

OTHER INCOME (EXPENSE)

Loss on equity investment                     -       (296,042)
Loss on disposition of assets          (105,843)             -
Interest income                               -            314
Interest expense                        (29,795)       (10,341)

Total Other Income (Expense)           (135,638)      (306,069)

LOSS FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES                  (1,523,553)    (2,643,527)

INCOME TAXES                                  -              -

LOSS FROM DISCONTINUED OPERATIONS  $ (1,523,553) $   (2,643,527)

                               1ST GENX.COM, INC.
                          (Formerly E-Vegas.Com, Inc.)
                 Notes to the Consolidated Financial Statements
                                                      December 31, 2000 and 1999


NOTE 9 -      SUBSEQUENT EVENTS

On  February  28,  2001,  the  Company  agreed to sell 100% of its  wholly-owned
subsidiary Global ECom, Inc. to Spectrum Ventures, Ltd. in exchange for $500,000
shares of Spectrum  common  stock.  The  acquisition  will be treated as a stock
transaction.