SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB/A
(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, 2002

                                       OR

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

Commission File No. 0-27609

                         MONET ENTERTAINMENT GROUP, LTD.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its charter)

                Colorado                                          84-1391993
        ------------------------                             -------------------
        (State of incorporation)                                (IRS Employer
                                                             Identification No.)
    222 Milwaukee Street, Suite 304
           Denver, Colorado                                         80206
---------------------------------------                            --------
(Address of Principal Executive Office)                            Zip Code

Registrant's telephone number, including Area Code: (303) 329-3479

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

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

                                  Common Stock
                                 --------------
                                (Title of Class)

Check whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the 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 disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not 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. [X]

The Company's revenues for the most recent fiscal year were $6,218

The aggregate market value of the voting stock held by non-affiliates of the
Company on March 26, 2003, was $0.00.

As of March 26, 2003 the Company had 5,000,000 issued and outstanding shares of
common stock.


<PAGE>



EXPLANATORY NOTE ON AMENDMENT

This Amendment has been filed to revise Item 7 Financial Statements for the
restatement of 2002 general and administrative expenses which had been
understated by $1,590. To correct the accompanying financial statements, the
Company retroactively restated general and administrative expenses in 2002 and
restated 2003 beginning retained earnings by the same amount. Item 13 Exhibits
and Reports on Form 8-K has also been amended to file newly dated Financial
Statement Certifications.


ITEM 7. FINANCIAL STATEMENTS

         See the financial statements attached to this report.



                              Story & Company, P.C.
                          Certified Public Accountants





               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




To the Board of Directors
Monet Entertainment Group, Ltd.

We have audited the accompanying balance sheets of the Monet Entertainment
Group, Ltd. (a Development Stage Enterprise) as of December 31, 2001 and 2002
and the related statements of income, stockholders' equity, and cash flows for
the years then ended. These financial statements are the responsibility of
management. Our responsibility is to express an opinion on these financial
statements based on our audit.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audits to obtain reasonable assurance as to 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 Monet Entertainment Group, Ltd.
(a Development Stage Enterprise) as of December 31, 2001 and 2002, and the
results of its operations and its cash flows for the two years then ended in
conformity with auditing standards generally accepted in the United States of
America




Story and Company, P.C.
Certified Public Accountants
February 10, 2003 (Except as to Note 2, the date of which is January 24, 2005
Denver, Colorado



                                      F-1
<PAGE>
<TABLE>
<CAPTION>


                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)


                                  Balance Sheet

                           December 31, 2001 and 2002



Assets                                                             2002      2001
                                                                  -------   -------
<S>                                                               <C>       <C>
      Cash                                                        $ 8,179   $ 1,961

      Investments
          Energy Acquisition Group, Common Stock                      115       115
          Interest in Motion Picture                                5,000     5,000


                                                                  -------   -------
Total Assets                                                      $13,294   $ 7,076
                                                                  =======   =======


Liabilities
      Accounts Payable                                            $ 1,590
      Taxes Payable                                                 1,207
      Total Liabilities                                             2,797

Shareholders' Equity

      Common stock, no par value, 25,000,000 shares authorized,
           of which 5,000,000  are outstanding                      9,919     9,919

      Preferred stock, no par value, 25,000,000 authorized,
           none outstanding

      Retained Earnings (Deficit)                                     578    (2,843)
                                                                  -------   -------
      Total Shareholders' Equity                                   10,497     7,076
                                                                  -------   -------

                                                                  -------   -------
Total Liabilities and Shareholders' Equity                        $13,294   $ 7,076
                                                                  =======   =======
</TABLE>





    The accompanying notes are an integral part of these financial statements


                                      F-2
<PAGE>

                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                    Statement of Income and Retained Earnings
                   For Years Ended December 31, 2001 and 2002


                                                            2002          2001
                                                           ------       -------

Income
     Miscelleanous Fees                                   $ 6,174             0
     Interest Income                                           44

                                                          -------       -------
Total Income                                                6,218

Expense                                                     1,590             0


                                                          -------       -------
Net Operating Income Before Taxes                           4,628             0

Income Tax Expense                                          1,207

                                                          -------       -------
Net Income                                                  3,421

Retained Earnings(Deficiency) - Beginning                  (2,843)       (2,843)

                                                          -------       -------
Retained Earnings(Deficiency) - Ending                    $   578       ($2,843)
                                                          =======       =======




    The Accompanying notes are an integral part of these financial statements


                                      F-3

<PAGE>

                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                             Statement of Cash Flows

                     Years Ended December 31, 2001 and 2002


                                                                  2002     2001
                                                                 ------   ------

Cash Flows From Operating Activities

               Net Income                                        $3,421        0
                                                                 ------   ------

               Changes in Operating Liabilities
               Accounts Payable                                   2,797
               Net Cash Provided by  Operating Activities         6,218        0
                                                                 ------   ------


Cash Flows From Investing  Activities

               Net Cash Provided by  Investing  Activities            0        0
                                                                 ------   ------




Cash Flows From Financing Activities

               Issuance of Capital Stock                              0        0
                                                                 ------   ------


               Net Cash Provided by Financing Activities              0        0
                                                                 ------   ------

Net Increase in Cash                                              6,218        0

Cash, Beginning of Year                                           1,961    1,961

                                                                 ------   ------
Cash, End of Year                                                $8,179   $1,961
                                                                 ======   ======






    The Accompanying notes are an integral part of these financial statements

                                      F-4

<PAGE>
<TABLE>
<CAPTION>

                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                        Statement of Stockholders Equity

            Inception (September 20, 1996) through December 31, 2002



                                                                                Price
                                                        Amount    Shares      Per Share
                                                     ----------------------------------
<S>                                                  <C>         <C>            <C>
Issued and Outstanding at December 31, 1996          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 1997         -0-         -0-        -0-

Issued and Outstanding at December 31, 1997          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 1998         -0-         -0-        -0-

Issued and Outstanding at December 31, 1998          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 1999         -0-         -0-        -0-

Issued and Outstanding at December 31, 1999          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 2000         -0-         -0-        -0-

Issued and Outstanding at December 31, 2000          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 2001         -0-         -0-        -0-

Issued and Outstanding at December 31, 2001          $   9,919   5,000,000      0.00198

        Change During Year Ended December 31, 2002         578         -0-      0.00056

Issued and Outstanding at December 31, 2002          $   9,919   5,000,000      0.00254
</TABLE>





    The Accompanying notes are an integral part of these financial statements

                                      F-5

<PAGE>


                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                      Year Ended December 31, 2001 and 2002

1. Background and Summary of Significant Accounting Policies

Background


The Monet Entertainment Group, Ltd. (the Company) was formed on September 20,
1996 for the purpose of engaging in two pursuits within the entertainment
industry which involve developing a unique "completion guarantee" to assure the
completion of selected projects and developing a financing program for full
length motion pictures:

     1. Completion bonding activities are associated with and a part of
commercial film production and other entertainment production activities. A
"completion bond" is a guarantee that should a film project go over budget or
not have sufficient capital to complete the film, the guarantor will provide the
additional capital needed to insure completion of the project. This guarantee
for small independent producers is unique in the entertainment industry. At
present completion bonding has been a requirement for medium and large budget
productions but generally unavailable for small producers. Lack of availability
of this or a similar financial product has resulted in secondary producers
having great difficulty in obtaining financing and has kept many worthwhile
projects from reaching theaters. It is anticipated that Monet's completion bonds
will be reinsured with companies with sufficient capital resources to preclude
the possibility that Monet will ever be at risk for capital shortages in bonded
projects.

     2. Financing feature length budget films will be accomplished through the
formation of a continuing series of joint ventures with independent filmmakers.
Plans include taking fractional interests in selected film projects, thus
spreading investor risk in the most advantageous manner. Project involvement
will be financed through joint-venture arrangements with individual investors
and small non-entertainment related companies.

Monet Entertainment Group, Ltd. is considered to be a Development Stage
Enterprise because planned principal operations have not commenced and there has
been no revenue therefrom. Income reported during this period was realized from
consulting fees paid to the Company for the efforts of Mr. Replin, President of
Monet Entertainment Group, Ltd. The income is incidental to the principal
business purpose of the Company.




                                      F-6
<PAGE>





                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                          -----------------------------


Accounting Policies

The accompanying balance sheet is presented in the format prescribed for
development stage enterprises by Statement of Financial Accounting Standards No.
7 issued by the Financial Accounting Standards Board.

Investments. The Company has exchanged shares of its common stock for shares of
Series C common stock of Energy Acquisition Companies, Inc.(Energy), a New York
Corporation.

The exchange, which was effective on October 7, 1996, (the date the Certificate
of Share Exchange was filed by the Colorado Secretary of State and by the New
York Department of State), resulted in the exchange of 115,531 shares of Energy
Acquisition Companies, Inc. Series C, Par Value $0.001 Common Stock for 500,000
shares of Monet Entertainment Group, Ltd. Common Stock

The 115,531 shares of Energy Acquisition Companies, Inc. common stock received
by Monet represents 9/10 of one percent of Energy's outstanding shares. The
500,000 shares of Monet common stock surrendered to Energy represents eleven
percent of the Company's outstanding common stock, and two percent of its
authorized stock.

Interest in Motion Picture. During its initial operating period the Company
acquired an interest in a feature-length motion picture, tentatively entitled
Salvation. This interest was conveyed by Mr. Stephen Replin, President and
principal stockholder of Monet Entertainment Group, Ltd., in exchange for
2,295,000 shares of common stock.

Mr. Replin, in 1996, acquired a 25 percent interest in the film for $25,000. He
conveyed 20 percent of his interest in the film to Monet, thereby providing the
Company with a five percent ownership position.

When Monet Entertainment acquired its interest in the film in 1996 the film was
incomplete. As of December 31, 2002 the film has been completed for more than
four years. Management continues efforts to sell the film outright to a
distributor, however a sale in the immediate future is not anticipated. An
outright sale contemplates a fixed price agreement in which the sellers do not
retain rights to share in the profits, is any, resulting from the distribution
and promotion of the film. It is not anticipated that the



                                      F-7
<PAGE>




                         Monet Entertainment Group, Ltd.
                        (A Development Stage Enterprise)

                          Notes to Financial Statements
                          -----------------------------


owners of the film, including Monet Entertainment Group, will be required to
contribute additional capital to sell the film.

Retained Deficit. From inception through December 31, 2001 the Company has
carried forward an asset in the amount of $2,843, described as Organizational
Expenses. Statement of Financial Accounting Standards No. 142, Goodwill and
Other Intangible Assets, issued in June 2001, provides that Organizational
Expenses should be written off as operating expenses in the period incurred.
Accordingly, our Organizational Expenses, previously classified as an asset,
have been reclassified as an expense in a period prior to December 31, 2001.

Miscellaneous Income. During the year ended December 31, 2002 the Company earned
consulting fees for work unrelated to its principal business purpose.


2) Prior Period Adjustment

In 2003, the Company determined that 2002 general and administrative expenses
have been understated by $1,590. To correct the accompanying financial
statements, the Company retroactively restated general and administrative
expenses in 2002 and restated 2003 beginning retained earnings by the same
amount. As a result, net income in 2002 decreased to $3,421, net of related
taxes of $876. The adjustment had no effect on earnings per share.






                                      F-8

<PAGE>


ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits


 3.1     Articles and Bylaws (1)
31.1     Sarbanes Oxley Section 302 Certification
31.2     Sarbanes Oxley Section 302 Certification
32.1     Sarbanes Oxley Section 906 Certification


(1) Incorporated by reference, and as same exhibit number, from the Company's
Registration Statement on Form 10-SB (Commission File Number 0-27609).


(b) The Company did not file any reports on Form 8-K during the quarter ending
December 31, 2002.



                                   SIGNATURES


     In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant
has caused this Amended Report to be signed on its behalf by the undersigned,
thereunto duly authorized on the 25th day of January 2005.

                                       MONET ENTERTAINMENT GROUP, LTD.


                                                /s/ Stephen D. Replin
                                       -----------------------------------------
                                       Stephen D. Replin, President, Chief
                                       Executive Officer and Principal Financial
                                       Officer


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

Signature                     Title                       Date
---------                     -----                       ----

/s/ Stephen Replin
-------------------
Stephen Replin              Director                January 25, 2005


/s/ Desiree Blum
-------------------
Desiree Blum                Director                January 25, 2005








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