U.S. Securities and Exchange Commission

                             Washington, D.C. 20549

                                   FORM 10-KSB
(Mark One)
[x]            ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                    For The Fiscal Year Ended: July 31, 2001

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

For the transition period from                      To
                               --------------------    -------------------------

Commission file number    0-21961
                       ---------------------------------------------------------

                               Voyager Group, Inc.
                 (Name of Small Business Issuer in its charter)

               Nevada                                            76-0487709
   ------------------------------                             -----------------
  (State or other jurisdiction of                             (I.R.S. Employer
  Incorporation or organization)                             Identification No.)

                       6388 Caste Jon, La Jolla, CA 92037
               (Address of principal executive offices) (Zip Code)

                                 (760) 603-0999
                            Issuer's telephone number

                6354 Corte Del Abeto, Suite F, Carlsbad, CA 92009
                  Former Address, if changed since last report

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

  Title of each class                        Name of each exchange on which
   to be so registered                       each class is to be registered
        None                                               None

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

                         Common Stock, $0.001 Par Value
             Convertible Preferred Series AA 1996, $0.001 Par Value
                                (Title of Class)


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        Check whether the issuer:  (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing required for the past 90 days.
 Yes  X    No
    -----    -----
                                                            Total pages:    21
                                                                           ----
                                                     Exhibit Index Page:    19
                                                                         ------

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

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

        As of July 31, 2001,  there were 25,404,195 (1 vote per share) Common, 0
(10,000 votes per share) Convertible  Preferred Series AA, and 20 (220,000 votes
per share) Convertible Preferred Series J-2000, for a total 29,804,195 shares of
the  Registrant's  voting stock, par value $0.001,  issued and outstanding.  The
aggregate market value of the Registrant's  voting stock held by  non-affiliates
of the Registrant  was  approximately  $325,852  computed at the average bid and
asked price as of July 31, 2001.

                       DOCUMENTS INCORPORATED BY REFERENCE

        If the  following  documents  are  incorporated  by  reference,  briefly
describe them and identify the part of the Form 10-KSB  (e.g.,  Part I, Part II,
etc.) Into which the document is incorporated: (1) any annual report to security
holders;  (2) any proxy or information  statement;  and (3) any prospectus filed
pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act").

 None

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








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                                TABLE OF CONTENTS


Item Number and Caption                                                    Page

PART I

Item 1.        Business.......................................................4

Item 2.        Property......................................................13

Item 3.        Legal Proceedings.............................................13

Item 4.        Submission of Matters to a Vote of Security Holders...........13

PART II

Item 5.        Market for Common Equity and Related Stockholder Matters......13

Item 6.        Management's Discussion and Analysis or Plan of Operations....15

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.............16

Item 10.       Executive Compensation........................................17

Item 11.       Security Ownership of Certain Beneficial Owners and Management18

Item 12.       Certain Relationships and Related Transactions................19

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





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                                     PART I

Item 1.        Description of Business.

General

Voyager  Group,  Inc.  (a  Nevada   Corporation)  (  the  "Company")  was  first
incorporated  in the State of Nevada on June 12, 1990 as  EEE-Hunter  Associates
Inc. July 27, 1995 Company changed domicile to the State of Texas with a plan or
reorganization  and  revival,  merged  into  a  Texas  Corporation,   EEE-Energy
Consultants, Inc.

July 2, 1996 the  Company  changed  domicile  to Nevada and on July 17, 1996 the
Company  entered  into a plan  of  reorganization  to  acquire  Voyager,  Inc of
Delaware.  July 17, 1996 the Company  changed its name to Voyager  Group  U.S.A.
Brazil Ltd. and on July 21, 1999  changed the  corporate  name to Voyager  Group
Ltd. On March 31, 2000,  Voyager  Group,  Ltd. spun off its  subsidiary  Voyager
Group,  Inc and changed its name to Voyager Internet  Group.com.  Since April 1,
2000, the Company is in the  development  stage,  and has not commenced  planned
principal  operations.  On  August  3, 2000 the  Company  changed  its name from
Voyager Internet Group.com to Save on Meds. Com.

On July 12, 2000, the Company  changed its name to Save on Meds. Net in order to
reflect the corporations strategic priorities envisioned by senior management to
support United States legislative  initiatives to reduce prescriptions to reduce
prescription  medications  costs of Senior Americans by allowing  importation of
affordable  medications from other countries.  This legislation initiative gives
Americans,  especially those without health insurance, access to affordable, FDA
approved,  prescription  medication via Mexico. The Company,  via the world wide
web, is going to hoist a Pharmacy to provide real,  prescription  medications to
senior American customers.

This service  would  enable  senior  American  customers to maintain a record of
their prescription purchases for clinical, insurance and tax reporting purposes.
The Company would not prescribe medications or otherwise practice medicine,  but
instead would focus on dispensing  medications used by senior American customers
on a monthly basis. The Company will accept prescriptions, verify prescriptions,
verify  drug  utilization,  and accept  payment by credit  card with a choice of
shipping options, including next day delivery.

The Company entered into a product agreement with a Mexico Pharmacia.  According
to this  product  agreement,  the  Pharmacia  would  implement  a broad array of
services for the company such as operations and technology,  personal  training,
validation of senior American  customer order and performing  certain  functions
such as site management, searching, customer interaction, transaction processing
and fulfillment.  The Company is now actively seeking a different  direction and
seeking acquisition candidates.

On June 13, 2001, the Company  acquired  181.61 shares of Convertible  Preferred
Series J  (convertible  to common at 220,000 per share or  39,954,200shares)  of
Voyager Group,  Inc., a Delaware  corporation,  in exchange for 181.61 shares of
the Company. Because of this acquisition

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the Company  changed its name from Save on  Meds.Net to Voyager  Group,  Inc. On
October 19, 2001, both companies mutually agreed to terminate the merger and the
181.61  shares  were  returned to treasury  and  Voyager  Group,  Inc, (A Nevada
Corporation)  returned to the same position it was in before the merger,  except
the Company decided to keep the name Voyager Group, Inc.

General Business Plan

Since the spin off of the  Company's  subsidiary,  the  Company's  purpose is to
seek,  investigate and, if such investigation  warrants,  acquire an interest in
business  opportunities  presented to it by persons or firms who or which desire
to seek the perceived advantages of a corporation which reports under Section 13
and 15 of the Securities  Exchange Act of 1934 (the "Exchange Act"). The Company
will not restrict its search to any specific business;  industry or geographical
location and the Company may participate in a business  venture of virtually any
kind or nature. This discussion of the proposed business is purposefully general
and  is  not  meant  to be  restrictive  of the  Company's  virtually  unlimited
discretion  to  search  for and enter  into  potential  business  opportunities.
Management  anticipates that it may be able to participate in only one potential
business  venture  because the Company has nominal assets and limited  financial
resources.  See "Financial  Statements." This lack of diversification  should be
considered a substantial risk to shareholders of the Company because it will not
permit the Company to offset  potential  losses from one venture  against  gains
from another.

The Company may seek a business  opportunity  with entities  which have recently
commenced  operations,  or which wish to utilize the public marketplace in order
to raise additional capital in order to expand into new products or markets,  to
develop a new product or service or for other  corporate  purposes.  The Company
may acquire assets and establish wholly owned subsidiaries in various businesses
or acquire existing businesses as subsidiaries.

The Company anticipates that the selection of a business opportunity in which to
participate  will be  complex  and  extremely  risky.  Due to  general  economic
conditions,  rapid  technological  advances  being made in some  industries  and
shortages  of available  capital,  management  believes  that there are numerous
firms seeking the perceived benefits of a publicly registered corporation.  Such
perceived  benefits may include  facilitating  or  improving  the terms on which
additional  equity  financing may be sought,  providing  liquidity for incentive
stock options or similar benefits to key employees, providing liquidity (subject
to restrictions of applicable  statutes) for all shareholders and other factors.
Potentially,  available  business  opportunities  may  occur  in many  different
industries and at various stages of development, all of which will make the task
of  comparative  investigation  and  analysis  of  such  business  opportunities
extremely difficult and complex.

The Company has, and will continue to have, no capital with which to provide the
owners of business  opportunities  with any  significant  cash or other  assets.
However,  management  believes  that the Company will be able to offer owners of
acquisition  candidates  the  opportunity  to  acquire a  controlling  ownership
interest in a publicly  registered  company without  incurring the cost and time
required  to conduct  an initial  public  offering.  The owners of the  business
opportunities  will,  however,  incur  significant legal and accounting costs in
connection with the acquisition of a business opportunity including the costs of
preparing forms 8-K, 10Q, or agreements and related reports and

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documents. The Exchange Act specifically requires that any merger or acquisition
candidate  comply with all  applicable  reporting  requirements,  which  include
providing  audited  financial  statements  to be  included  within the  numerous
filings relevant to complying with the Exchange Act.

Nevertheless,  the  officers and  directors  of the Company  have not  conducted
market research and are not aware of statistical  data,  which would support the
perceived  benefits of a merger or acquisition  transaction  for the owners of a
business  opportunity.  The  analysis  of new  business  opportunities  will  be
undertaken  by, or under the  supervision  of, the officers and directors of the
Company have not conducted market research and are not aware of statistical data
which  would  support  the  perceived   benefits  of  a  merger  or  acquisition
transaction for the owners of a business opportunity.

The analysis of new business  opportunities  will be undertaken by, or under the
supervision  of, the  officers and  directors  of the Company,  none of who is a
professional business analyst.  Management intends to concentrate on identifying
preliminary  prospective  business  opportunities,  which may be  brought to its
attention through present  associations of the Company's officers and directors,
or  by  the   Company's   shareholders.   In  analyzing   prospective   business
opportunities, management will consider such matters as the available technical,
financial  and  managerial  resources;   working  capital  and  other  financial
requirements; history of operations, if any; prospects for the future; nature of
present and  expected  competition;  the quality and  experience  of  management
services which may be available and the depth of that management;  the potential
for further research, development or exploration;  specific risk factors not now
foreseeable but which then may be anticipated to impact the proposed  activities
of the Company; the potential for growth or expansion; the potential for profit;
the perceived public recognition or acceptance of products,  services or trades;
name identification;  and other relevant factors.  Officers and directors of the
Company will meet  personally  with management and key personnel of the business
opportunity as part of their investigation.  To the extent possible, the Company
intends to utilize  written reports and personal  investigation  to evaluate the
above factors.  The Company will not acquire or merge with any company for which
audited  financial  statements  cannot be obtained within a reasonable period of
time after closing of the proposed transaction.

Management of the Company,  while not especially experienced in matters relating
to the new business of the Company,  shall rely upon their own efforts and, to a
much lesser extent, the efforts of the Company's shareholders,  in accomplishing
the business  purposes of the Company.  It is not  anticipated  that any outside
consultants or advisors, other than the Company's legal counsel and accountants,
will be utilized by the Company to effectuate  its business  purposes  described
herein.  However,  if the  Company  does retain  such an outside  consultant  or
advisor,  any  cash  fee  earned  by  such  party  will  need  to be paid by the
prospective merger/acquisition candidate, as the Company has no cash assets with
which to pay such  obligation.  There have been no contracts or agreements  with
any outside consultants and none are anticipated in the future.

The Company will not restrict its search to any specific kind of firms,  but may
acquire a venture which is in its  preliminary  or development  stage,  which is
already in operation or which is in essentially any stage of its corporate life.
It is impossible to predict at this time the status of any business in which the
Company may become engaged, in that such business may need to seek

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additional  capital,  may desire to have its shares  publicly traded or may seek
other perceived advantages which the Company may offer.

It  is  anticipated  that  the  Company  will  incur  nominal  expenses  in  the
implementation of its business plan described herein. Because the Company has no
capital with which to pay these anticipated expenses,  present management of the
Company will pay these charges with their personal funds, as interest free loans
to the Company. However, the only opportunity which management has to have these
loans  repaid  will be  from a  prospective  merger  or  acquisition  candidate.
Management  has agreed among them selves that the repayment of any loans made on
behalf of the Company will not impede,  or be made conditional in any manner, on
consummation of a proposed transaction.

Acquisition Opportunities

In implementing a structure for a particular business  acquisition,  the Company
may become a party to a merger, consolidation,  reorganization, joint venture or
licensing  agreement  with another  corporation  or entity.  It may also acquire
stock or assets of an existing  business.  On the consummation of a transaction,
it is probable that the present  management and shareholders of the Company will
no longer be in control of the Company.  In addition,  the  Company's  directors
may, as part of the terms of the acquisition transaction, resign and be replaced
by new directors without a vote of the Company's  shareholders or may sell their
stock in the  Company.  Any and all such sales  will only be made in  compliance
with the securities laws of the United States and any applicable state.

It is anticipated that any securities issued in any such reorganization would be
issued in reliance upon exemption from registration under applicable federal and
state securities laws. In some  circumstances,  however, as a negotiated element
of its  transaction,  the Company  may agree to  register  all or a part of such
securities  immediately  after the  transaction  is  consummated or at specified
times  thereafter.  If  such  registration  occurs,  of  which  there  can be no
assurance,  it will be undertaken by the surviving  entity after the Company has
successfully  consummated a merger or  acquisition  and the Company is no longer
considered a "shell" company.  Until such time as this occurs,  the Company will
not attempt to register any additional  securities.  The issuance of substantial
additional securities and their potential sale into any trading market which may
develop in the Company's securities may have a depressive effect on the value of
the Company's  securities  in the future,  if such a market  develops,  of which
there is no assurance.

While the actual  terms of a  transaction  to which the  Company  may be a party
cannot  be  predicted,  it may be  expected  that the  parties  to the  business
transaction  will find it desirable to avoid the creation of a taxable event and
thereby structure the acquisition in a so-called "tax-free" reorganization under
Sections 368(a)(1) or 351 of the Internal Revenue Code (the "Code"). In order to
obtain tax-free  treatment under the Code, it may be necessary for the owners of
the acquired  business to own 80% or more of the voting  stock of the  surviving
entity.  In such event,  the  shareholders of the Company would retain less than
20% of the issued and outstanding  shares of the surviving  entity,  which would
result in significant dilution in the equity of such shareholders.


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As part of the  Company's  investigation,  officers and directors of the Company
will meet personally  with  management and key personnel,  may visit and inspect
material  facilities,  obtain  independent  analysis or  verification of certain
information provided,  check references of management and key personnel and take
other reasonable  investigative measures, to the extent of the Company's limited
financial  resources and management  expertise.  The manner in which the Company
participates in an opportunity will depend on the nature of the opportunity, the
respective needs and desires of the Company and other parties, the management of
the  opportunity and the relative  negotiation  strength of the Company and such
other management.

With  respect to any merger or  acquisition,  negotiations  with target  company
management are expected to focus on the percentage of the Company,  which target
company shareholders would acquire in exchange for all of their shareholdings in
the target company.  Depending upon,  among other things,  the target  company's
assets and liabilities, the Company's shareholders will in all likelihood hold a
substantially  lesser percentage ownership interest in the Company following any
merger or  acquisition.  The percentage  ownership may be subject to significant
reduction in the event the Company  acquires a target  company with  substantial
assets.  Any merger or  acquisition  effected  by the Company can be expected to
have a  significant  dilutive  effect on the  percentage  of shares  held by the
Company's then-shareholders. If required to so do under relevant law, management
of  the  Company  will  seek  shareholder  approval  of  a  proposed  merger  or
acquisition via a Proxy Statement. However, such approval would be assured where
management  supports such a business  transaction  because management  presently
controls  sufficient  shares of the Company to effectuate a positive vote on the
proposed  transaction.  Further, a prospective  transaction may be structured so
that shareholder  approval is not required,  and the Board of Directors  without
shareholder approval may effectuate such a transaction.

The  Company  will  participate  in  a  business   opportunity  only  after  the
negotiation and execution of appropriate written agreements.  Although the terms
of such agreements  cannot be predicted,  generally such agreements will require
some specific representations and warranties by all of the parties thereto, will
specify  certain  events of  default,  will  detail the terms of closing and the
conditions  which must be  satisfied  by each of the parties  prior to and after
such  closing,  will  outline  the  manner of  bearing  costs,  including  costs
associated with the Company's attorneys and accountants, will set forth remedies
on default and will include miscellaneous other terms.

As stated  herein  above,  the Company will not acquire or merge with any entity
which  cannot  provide  independent   audited  financial   statements  within  a
reasonable period of time after closing of the proposed transaction. The Company
is subject to all of the  reporting  requirements  included in the Exchange Act.
Included in these  requirements is the  affirmative  duty of the Company to file
independent  audited  financial  statements  as part of its Form 8-K to be filed
with the Securities and Exchange  Commission  upon  consummation  of a merger or
acquisition,  as well as the Company's audited financial  statements included in
its annual  report on Form  10-KSB (or 10-K,  as  applicable).  If such  audited
financial  statements  are not available at closing,  or within time  parameters
necessary  to insure  the  Company's  compliance  with the  requirements  of the
Exchange Act, or if the audited financial  statements provided do not conform to
the  representations  made  by the  candidate  to be  acquired  in  the  closing
documents, the closing documents will provide that the proposed transaction will
be void able,  at the  discretion of the present  management of the Company.  If
such transaction

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is  voided,  the  agreement  will also  contain a  provision  providing  for the
acquisition  entity to reimburse the Company for all costs  associated  with the
proposed transaction.

Competition

The Company  will remain an  insignificant  participant  among the firms,  which
engage in the acquisition of business opportunities.  There are many established
venture  capital  and  financial  concerns  which  have  significantly   greater
financial and personnel  resources and technical  expertise than the Company. In
view of the Company's combined extremely limited financial resources and limited
management  availability,  the  Company  will  continue  to be at a  significant
competitive disadvantage compared to the Company's competitors.

Employees

The Company has no full time employees.  The Company's president,  treasurer and
secretary  have agreed to allocate a portion of their time to the  activities of
the Company, without compensation until July 31, 2002. These officers anticipate
that the  business  plan of the Company  can be  implemented  by their  devoting
approximately one hundred hours per month to the business affairs of the Company
and,  consequently,  conflicts of interest may arise with respect to the limited
time commitment by such officers.  See Item 9, "Directors,  Executive  Officers,
Promoters  and Control  Persons;  Compliance  with Section 16(a) of the Exchange
Act."

The  Company's  plan of business may involve  changes in its capital  structure,
management, control and business, especially if it consummates reorganization as
discussed  above.  Each of these areas is regulated by the Investment Act, which
regulation  has the  purported  purpose of  protecting  purchasers of investment
company  securities.  Since  the  Company  will not  register  as an  investment
company, its shareholders will not be afforded these purported protections.

The Company intends to vigorously resist classification as an investment company
and to take  advantage of any exemptions or exceptions  from  application of the
Investment  Act, which allows an entity a one-time  option during any three-year
period to claim an exemption as a "transient"  investment company. The necessity
of asserting any such  resistance,  or making any claim of  exemption,  could be
time-consuming  and costly,  or even  prohibitive,  given the Company's  limited
resources.

Certain Risks

The  Company's  business  is subject to numerous  risk  factors,  including  the
following:

No  Operating  History or Revenue  and  Minimal  Assets.  The Company has had no
operating history nor any revenues or earnings from operations.  The Company has
no  significant  assets  or  financial  resources.  The  Company  will,  in  all
likelihood,  sustain operating expenses without corresponding revenues, at least
until the consummation of a business combination. This may result in the Company
incurring a net  operating  loss,  which will  increase  continuously  until the
Company  can  consummate  a  business  combination  with a  profitable  business
opportunity. There is no assurance

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that the Company can identify such a business  opportunity and consummate such a
business combination.

Speculative  Nature  of  Company's  Proposed  Operations.  The  success  of  the
Company's  proposed  plan of  operation  will  depend  to a great  extent on the
operations,  financial  condition  and  management  of the  identified  business
opportunity.  While  management  intends to seek  business  combination(s)  with
entities having established operating histories,  there can be no assurance that
the Company will be successful in locating candidates meeting such criteria.  In
the event the Company completes a business combination, of which there can be no
assurance,  the  success  of the  Company's  operations  may be  dependent  upon
management  of the  successor  firm or venture  partner firm and numerous  other
factors beyond the Company's control.

Scarcity of and Competition for Business  Opportunities  and  Combinations.  The
Company is and will continue to be an insignificant  participant in the business
of seeking mergers with,  joint ventures with and  acquisitions of small private
and public entities.  A large number of established and well- financed entities,
including  venture  capital  firms,  are active in mergers and  acquisitions  of
companies,  which may be desirable target candidates for the Company. Nearly all
such  entities  have  significantly   greater  financial  resources,   technical
expertise and managerial  capabilities than the Company and,  consequently,  the
Company will be at a competitive  disadvantage in identifying  possible business
opportunities and successfully completing a business combination.  Moreover, the
Company  will also  compete in seeking  merger or  acquisition  candidates  with
numerous other small public companies.

No Agreement for Business  Combination  or Other  Transaction;  No Standards for
Business Combination. The Company has no arrangement, agreement or understanding
with respect to engaging in a merger with, joint venture with or acquisition of,
a private or public  entity.  There can be no assurance that the Company will be
successful in identifying and evaluating  suitable business  opportunities or in
concluding a business combination.  Management has not identified any particular
industry or specific  business within an industry for evaluation by the Company.
There is no  assurance  that the  Company  will be able to  negotiate a business
combination on terms favorable to the Company. The Company has not established a
specific length of operating  history or a specified level of earnings,  assets,
net worth or other criteria which it will require a target business  opportunity
to have  achieved,  and without  which the Company would not consider a business
combination in any form with such business opportunity. Accordingly, the Company
may enter into a business  combination  with a  business  opportunity  having no
significant  operating  history,  losses,  limited or no potential for earnings,
limited assets, negative net worth or other negative characteristics.

Continued  Management  Control;  Limited  Time  Availability.  While  seeking  a
business combination,  management  anticipates devoting up to 20 hours per month
to the business of the Company.  None of the Company's officers has entered into
a written employment agreement with the Company and none is expected to do so in
the foreseeable  future.  The Company has not obtained key man life insurance on
any  of  its  officers  or  directors.   Notwithstanding  the  combined  limited
experience  and time  commitment of  management,  loss of the services of any of
these individuals would adversely affect  development of the Company's  business
and its likelihood of continuing operations. See Item

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

Conflicts of Interest - General.  Certain of the  officers and  directors of the
Company  are  directors  and/or  principal  shareholders  of other  blank  check
companies  and,  therefore,  could face  conflicts  of interest  with respect to
potential acquisitions.  In addition,  officers and directors of the Company may
in the future participate in business ventures, which could be deemed to compete
directly with the Company.  Additional conflicts of interest and non-arms length
transactions may also arise in the future in the event the Company's officers or
directors  are  involved  in the  management  of any firm with which the Company
transacts  business.  The Company's Board of Directors has adopted a policy that
the Company will not seek a merger with, or acquisition  of, any entity in which
management  serve as officers  or  directors,  or in which they or their  family
members own or hold a  controlling  ownership  interest.  Although  the Board of
Directors  could  elect to change this  policy,  the Board of  Directors  has no
present  intention to do so. In  addition,  if the Company and other blank check
companies with which the Company's  officers and directors are  affiliated  both
desire to take advantage of a potential business opportunity,  then the Board of
Directors  has agreed that said  opportunity  should be  available  to each such
company in the order in which such companies registered or became current in the
filing of annual  reports under the Exchange Act  subsequent to January 1, 1997.
See Item 9,  "Directors,  Executive  Officers,  Promoters  and Control  Persons;
Compliance with Section 16(a) of the Exchange Act - Conflicts of Interest."

Reporting Requirements May Delay or Preclude Acquisition.  Sections 13 and 15(d)
of the  Exchange  Act  require  companies  subject  thereto to  provide  certain
information  about  significant  acquisitions,   including  certified  financial
statements for the company acquired, covering one, two or three years, depending
on the relative size of the acquisition.  The time and additional costs that may
be incurred by some target entities to prepare such statements may significantly
delay or essentially preclude consummation of an otherwise desirable acquisition
by the Company.  Acquisition  prospects that do not have or are unable to obtain
the required  audited  statements may not be appropriate for acquisition so long
as the reporting requirements of the Exchange Act are applicable.

Lack of Market  Research  or  Marketing  Organization.  The  Company has neither
conducted,  nor have others made  available  to it,  results of market  research
indicating  that market demand exists for the  transactions  contemplated by the
Company.  Moreover, the Company does not have, and does not plan to establish, a
marketing  organization.  Even in the event demand is identified for a merger or
acquisition  contemplated by the Company, there is no assurance the Company will
be successful in completing any such business combination.

Lack of Diversification.  The Company's proposed operations, even if successful,
will in all likelihood result in the Company engaging in a business  combination
with a business  opportunity.  Consequently,  the  Company's  activities  may be
limited to those engaged in by the business  opportunity or opportunities  which
the Company  merges with or acquires.  The Company's  inability to diversify its
activities  into  a  number  of  areas  may  subject  the  Company  to  economic
fluctuations within a particular business or industry and therefore increase the
risks associated with the Company's operations.


                                       11

<PAGE>



Regulation.  Although  the  Company  will be  subject  to  regulation  under the
Exchange Act,  management believes the Company will not be subject to regulation
under the  Investment  Company Act of 1940,  insofar as the Company  will not be
engaged in the business of investing or trading in securities.  In the event the
Company  engages in business  combinations,  which result in the Company holding
passive  investment  interests  in a number of  entities,  the Company  could be
subject to regulation  under the Investment  Company Act of 1940. In such event,
the Company would be required to register as an investment  company and could be
expected to incur significant registration and compliance costs. The Company has
obtained no formal  determination from the Securities and Exchange Commission as
to the  status of the  Company  under the  Investment  Company  Act of 1940 and,
consequently,  any  violation of such Act would  subject the Company to material
adverse consequences.

Probable Change in Control and Management.  A business combination involving the
issuance of the  Company's  Common  Stock  will,  in all  likelihood,  result in
shareholders  of a private  company  obtaining  a  controlling  interest  in the
Company.  Any such business combination may require management of the Company to
sell or transfer all or a portion of the Company's Common Stock held by them, or
resign as members of the Board of Directors of the Company. The resulting change
in  control  of the  Company  could  result in  removal  of one or more  present
officers  and  directors  of the Company  and a  corresponding  reduction  in or
elimination of their participation in the future affairs of the Company.

Reduction of Percentage  Share Ownership  Following  Business  Combination.  The
Company's primary plan of operation is based upon a business  combination with a
private concern which,  in all  likelihood,  would result in the Company issuing
securities  to  shareholders  of any  such  private  company.  The  issuance  of
previously  authorized and unissued  shares of Common Stock of the Company would
result  in a  reduction  in the  percentage  of  shares  owned  by  present  and
prospective shareholders of the Company and may result in a change in control or
management of the Company.

Disadvantages  of Blank  Check  Offering.  The Company may enter into a business
combination with an entity that desires to establish a public trading market for
its  shares.  A business  opportunity  may  attempt to avoid what it deems to be
adverse  consequences  of  undertaking  its own  public  offering  by  seeking a
business  combination with the Company.  Such consequences may include,  but are
not limited to, time delays of the registration process, significant expenses to
be incurred in such an offering,  loss of voting control to public  shareholders
and the inability or unwillingness to comply with various federal and state laws
enacted for the protection of investors.

Taxation.  Federal and state tax consequences will, in all likelihood,  be major
considerations in any business combination the Company may undertake. Currently,
such  transactions  may be structured  so as to result in tax-free  treatment to
both  companies,  pursuant  to various  federal  and state tax  provisions.  The
Company  intends to  structure  any business  combination  so as to minimize the
federal and state tax  consequences  to both the Company and the target  entity;
however,  there can be no assurance that such business combination will meet the
statutory  requirements  of a tax-free  reorganization  or that the parties will
obtain the intended  tax-free  treatment  upon a transfer of stock or assets.  A
non-qualifying reorganization could result in the imposition of both federal and
state  taxes,  which  may  have  an  adverse  effect  on  both  parties  to  the
transaction.

                                       12

<PAGE>




Requirement   of  Audited   Financial   Statements   May   Disqualify   Business
Opportunities.  Management of the Company  believes that any potential  business
opportunity  must  provide  audited  financial  statements  for review,  for the
protection of all parties to the business  combination.  One or more  attractive
business  opportunities  may  choose to forego  the  possibility  of a  business
combination  with the Company,  rather than incur the expenses  associated  with
preparing audited financial statements.

Item 2.        Description of Property

        The Company  maintains a corporate mail drop at P.O. Box 8029,  CasteJon
Drive, La Jolla,  California.  The company owns no real property. As of July 31,
2001, all  activities of the Company have been  conducted by corporate  officers
from either their homes or business offices. Currently, there are no outstanding
debts  owed by the  company  for the use of these  facilities  and  there are no
commitments for future use of the facilities.

Item 3.        Legal Proceedings.

        The Company is not engaged in any legal proceedings.

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

        No matters were subject to a vote of security  holders during the fiscal
year 2001, through the solicitation of proxies.

PART II

Item 5.        Market for Common Equity and Related Shareholder Matters.

        The  Company's  common  stock  trades  over-the-counter  on  the  NASDAQ
Bulletin  Board with the trading symbol "SVMD." The following high and low sales
prices for the Company  stock as reported  on the Nasal  Bulletin  Board for the
period indicated:


2001                       High            Low
----                       ----            ---
First Quarter           $      0.19    $      0.06
Second Quarter                 0.08           0.00
Third Quarter                  0.06           0.00
Fourth Quarter                 0.00           0.00

2000                    High               Low
----                    ----               ---
First Quarter           $      0.94    $      0.19


                                       13

<PAGE>




Second Quarter                 6.25           0.13
Third Quarter                  6.75           1.13
Fourth Quarter                 1.88           0.13


Shareholders

        The number of shareholders of record of the Company's common stock as of
July 31, 2001 was approximately 210.

Dividends

        The Company  has never  declared  or paid cash  dividends  on its common
stock.  The  Company  currently  intends to retain  future  earnings to fund the
development  and growth of its business and does not anticipate  paying any cash
dividends in the  foreseeable  future.  Future cash  dividends,  if any, will be
determined  by the  Board  of  Directors  and  will be  based  on the  Company's
earnings, capital, financial condition and other factors deemed relevant.

Recent Sales of Unregistered Securities.

        On June 13, 2001, the Company established a Convertible  Preferred Stock
Series J 2000  consisting of twenty shares (20)  (convertible  to 440,000 shares
common) par value $.001. The convertible  preferred stock series J was issued to
six  "accredited  investors"  as defined in Regulation D, Rule 501 of the United
Securities and Exchange Act of 1933.

        Also on June 13, 2001, the Company issued 3,220,495 shares to help cover
general and administrative costs incurred by the Company.

         On July 1, 2001, Mr. Marlen Johnson, the Company's President, converted
his 50 Convertable Preferred Stock series J-1999 into Common Stock.

        On July 5, 2001,  the  remaining  8.5 shares of Preferred  Series AA was
converted into Common Stock at the conversion rate of 10,000.

        On July 6, 2001,  the  Company  during the past year  issued  11,000,000
shares of Common Stock to Peter  Powderham and  Associates,  a  consultant,  who
plans to take counsel of further worldwide operations. The shares were issued at
par value.

        On October 19, 2001, the Board of Directors  voted to increase the total
authorized  shares of Common  Stock from  fifty  million  to two  billion  fifty
million common shares. The par value remained unchanged at $.001.


                                       14

<PAGE>



        Also on October 19, 2001,  the Board of Directors  authorized  Preferred
Convertible Stock Series Z-2001, with an authorized two million shares and a Par
Value of $.001.  This  Preferred  Stock can be converted  into Common Stock on a
ration of 1 Preferred to 1 million Common.

Item 6.  Management's  Discussion  and Analysis of Financial  Condition  and
         Results of Operations

Results of Operations - Since April 1, 2000,  the Company is in the  development
stage, and has not commenced  planned principal  operations.  No operations were
conducted  and no revenues  were  generated in the fiscal  year.  The Company at
year-end had no capital and no cash, and no other assets whatsoever.  During the
fiscal year ended July 31, 2001, the Company incurred general and administrative
expenses and consulting fees.

Liquidity  and  Capital   Resources  -  The  Company  requires  working  capital
principally  to fund its current  operating  expenses  for which the Company has
relied on short-term  borrowings and/or the issuance of restricted common stock.
There are no formal commitments from banks or other lending sources for lines of
credit or similar short-term borrowings, but the Company has been able to borrow
any additional working capital that has been required.  From time to time in the
past,  required  short-term  borrowings  have  been  obtained  from a  principal
shareholder or other related entities.

        In order to  complete  any  acquisition,  the Company may be required to
supplement  its  available  cash and other  liquid  assets  with  proceeds  from
borrowings,  the sale of additional securities,  including the private placement
of restricted stock and/or a public offering, or other sources.  There can be no
assurance  that  any such  required  additional  funding  will be  available  or
favorable to the Company.

        There  are no  arrangements  or  understandings  between  non-management
shareholders and management under which non-management shareholders may directly
or  indirectly  participate  in or influence  the  management  of the  Company's
affairs.

        The  management  of the Company does not believe that  inflation has had
any material effect on the Company during the year ended July 31, 2001.

Item 7. Financial Statements and Supplementary Data

        The Financial  Statements and Supplementary Data of the Company required
by this Item is set  forth  immediately  following  the  signature  page to this
report.  See  Item  13 for a list  of the  financial  statements  and  financial
statements schedules included.

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

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

                                       15

<PAGE>



                                    PART III

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

        The term of office of each  director and  executive  officer ends at, or
immediately  after, the next annual meeting of shareholders of the Company.  The
executive officers of Voyager and subsidiaries are as follows:

Name                         Position                            Term of Office

Marlen Johnson      President, Secretary,            October 19, 2001 to present
                    Director

Michael Johnson     Vice President, Director         October 19, 2001 to present

Ray Rothschild      Director                         October 19, 2001 to present


May 31, 2001        Mr. Michael Johnson resigned as President, Vice President,
                    Secretary and Director

                    Mrs. Erma Johnson resigned as Director

                    Mr. Jay Goldstein resigned as Director

                    Mr. Marvin Higbee appointed as President and Director

                    Mr. Richard Higbee appointed Vice President and Director

                    Ms. Metz Chen appointed Director


October 19, 2001  Mr.Marvin Higbee, Mr Jay Goldstein and Ms. Metz resigned from
                  their positions

                 Mr. Marlen Johnson appointed President, Secretary, and Director

                 Mr. Michael Johnson appointed as Vice President and Director

                 Mr. Ray Rothschild appointed as Director


Mr. Marlen Johnson, President, Secretary and Director.


                                       16

<PAGE>



         Mr. Marlen  Johnson was appointed as President,  Secretary and Director
on October  19,  2001.  Mr.  Johnson's  background  includes  working in private
investments  in  subordinated  debentures  and working  capital  financing.  His
experience  includes  Christian  Dalloz SA,  Francois  Faiveley  Participations,
Financiere Faiveley C.V.V.B.,  S.B.E.V., Faiveley Freres and Cosodec. Currently,
Mr.  Johnson is involved  with  private  investments,  in which he is engaged in
various trading strategies involving equities, debt instruments and derivatives.
Mr. Johnson  maintains an interest in private  investment funds where he invests
in private non public companies.

Mr. Michael Johnson Vice President and Director.

        Mr.  Michael  Johnson was appointed  Vice  President and Director of the
Company.  He has been a Director since July 17,1996 and Vice President from June
14, 1999 until May 31, 2001 and Secretary from June 14, 1999 to May 31, 2001. On
July 31, 2000, Mr. Johnson was appointed President of the Company,  but resigned
on May 31, 2001.

         Mr. Johnson  received a certificate of graduation from Berkshire School
and attended Lake Forest College, Lake Forest, Chicago, University of Utah, Salt
Lake  City,  Utah,  New York  Institute  of  Finance,  N.Y.,  N.Y.  and New York
University,  N.Y., N.Y. From 1987 to 1989 Mr. Johnson was employed by Mel Schnel
and Company, N.Y., N.Y. as a clerk, New York-Comex  Commodities.  During 1989 to
1990 Mr.  Johnson  was  employed by New  Mercantile  Exchange,  N.Y.,  N.Y. as a
commodity futures trader,  arbitrage futures contracts and energy markets:  oil,
gas, etc. For the past five years Mr. Johnson has been self-employed  buying and
selling contracts.

Mr. Ray Rothschild, Director

Mr.  Rothschild  was  appointed  Director on October 19,  2001.  He received his
Bachelor of Arts Degree in Business  Administration  from UCLA.  Mr.  Rothschild
also  received a Doctorate  of Law degree from the  University  of New York.  Up
until 1980, Mr. Rothschild was a private investment banker in Paris, France, and
was also Chairman of the Investment  Policy. His resignation was granted in 1980
to act as a private investor

Item 10.       Executive Compensation.


        There has been no executive compensation.

        The Company  accrued a total of $0.00 in  compensation  to the executive
officers  as a group for  services  rendered  to the  Company in all  capacities
during the 2000 fiscal year. No one executive officer  received,  or has accrued
for his benefit,  in excess of $0.00.  No cash bonuses were or are to be paid to
such persons. No compensation was deferred.

        The Company does not have any employee incentive stock option plans.

        There are no plans pursuant to which cash or non-cash  compensation  was
paid or  distributed  during the last fiscal year,  or is proposed to be paid or
distributed in the future, to the executive

                                       17

<PAGE>



officers of the Company.  No other  compensation not described above was paid or
distributed  during  the  last  fiscal  year to the  executive  officers  of the
Company.  There are no compensatory  plans or arrangements,  with respect to any
executive  office  of  the  Company,  which  result  or  will  result  from  the
resignation, retirement or any other termination of such individual's employment
with the  Company or from a change in control of the  Company or a change in the
individual's responsibilities following a change in control.

Item 11.       Security Ownership of Certain Beneficial Owners and Management

Voting Securities and Principal Holders Thereof

        The following table sets forth, as of July 31, 2001 the number of shares
of the Company's voting securities owned by (1) each person known to the Company
to be  the  beneficial  owner  of  more  than  five  percent  of  the  Company's
outstanding voting  securities,  (2) the executive officers and directors of the
Company  individually,  and (3) the  executive  officers  and  directors  of the
Company as a group.  Except as indicated  in the  footnotes  below,  each of the
persons listed exercises sole voting and investment power over the shares of the
Company's voting securities listed for such person in the table.

Class
Name/Address                          Number of Shares          Percent of Class

Common Stock

        Powderham & Associates              11,000,000                       43%
        6354Corte Del Aberto
        Carlsbad, CA 92009

Preferred Stock

        Aspen Taylor Trust                  7.5                              38%
        P.O. Box 8029
        La Jolla, CA 92038

Directors and Executive Officers

        Mr. Marlen Johnson                  11,000,000                       43%
        Box 8029                            Common
        La Jolla, CA 92038

        Officers and Directors as a
        Group                               11,000,000                       43%




                                       18

<PAGE>



Item 12.       Certain Relationships and Related Transactions.

        On July 1, 2001, Mr. Marlen Johnson, the Company's President,  converted
50 Convertible  Preferred Stock series J-1999 into  11,000,000  shares of Common
Stock.

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

    (a) The following documents are filed as part of this report:
     o      Certificate Amending Articles of Incorporation of Voyager Group, Inc
     o      Convertible Preferred Series Z - Designation of Rights

Financial Statements
                                                                           PAGE


Independent Auditor's Report..............................................F - 1

Balance Sheet
  July 31, 2001 and 2000..................................................F - 2

Statements of Income for the
  For the Years Ended July 31, 2001 and 2000..............................F - 3

Statement of Cash Flows for the
  For the Years Ended July 31, 2001 and 2000..............................F - 4

Statements of Stockholders Equity
  Since June 13, 1990 (Inception) to July 31, 2001 .......................F - 5

Notes to Financial Statements............................................F - 10

2.  Financial Statement Schedules

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

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


                                       19

<PAGE>



3.  Exhibits

        The following exhibits are included as part of this report:

Exhibit
Number         Exhibit
------         -----------------------------------------------------------------

3.1      Articles of Incorporation and By-Laws of EEE-Energy  Consultants,  Inc.
         (Formerly EEE-Hunter Associates, Inc.)(1)
3.2      Certificate  of Amending  Articles of  Incorporation  of Voyager Group,
         Inc.
4.1      Purchase Agreement --Convertible Preferred Stock Series J (2)
4.2      Convertible Preferred Series J - Designation of Rights (2)
4.3      Investor Rights Agreement (2)
4.4      Convertible Preferred Series Z - Designation of Rights
23.1     Consent of Robison, Hill & Co.(1)


(1)      Incorporated by reference to the Registrant's registration statement on
         Form 10-SB/A Amendment #2 filed on November 20, 1997.

(2)      Incorporated by reference to the Registrant's registration statement on
         Form filed on December 26, 2000.

         (b)      No reports on Form 8-K were filed.
         (c)      The  exhibits  listed in Item  14(a)(3)  are  incorporated  by
                  reference.
         (d)      No financial  statement  schedules  required by this paragraph
                  are required to be filed as a part of this form.










                                       20

<PAGE>




                                   SIGNATURES

        In accordance  with Section 12 of the  Securities  Exchange Act of 1934,
the registrant caused this registration  statement to be signed on its behalf by
the undersigned, thereunto duly authorized.

VOYAGER GROUP, INC.

DATE:   November 14, 2001

By:         /S/ Marlen Johnson
        -----------------------------
        Marlen Johnson, President, Secretary
        and Director

By:        /S/ Michael Johnson
        ----------------------------------
        Michael Johnson, Vice President
        and Director

By:       /S/ Ray Rothschild
        ------------------------------
        Ray Rothschild, Director














                                       21

<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                      - : -

                             JULY 31, 2001 AND 2000


<PAGE>






                                    CONTENTS


                                                                           Page

Independent Auditor's Report..............................................F - 1

Balance Sheet
  July 31, 2001 and 2000..................................................F - 2

Statements of Income
  For the Years Ended July 31, 2001 and 2000..............................F - 3

Statement of Cash Flows
  For the Years Ended July 31, 2001 and 2000..............................F - 4

Statements of Stockholders' Equity
  Since June 13, 1990 (Inception) to July 31, 2001 .......................F - 5

Notes to Financial Statements............................................F - 10














<PAGE>




                          Independent Auditor's Report


To the Stockholders
of Voyager Group, Inc.
(A Nevada Corporation)
(A Development Stage Company)


        We have  audited  the  balance  sheet of Voyager  Group,  Inc.(A  Nevada
Corporation),  (a  development  stage company) as of July 31, 2001 and 2000, and
the related statements of income and cash flows for the two years then ended and
the statement of  stockholders'  equity since June 13, 1990  (inception) to July
31, 2001.  These financial  statements are the  responsibility  of the Company's
management.  Our  responsibility  is to express  an  opinion on these  financial
statements based on our audit.

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

        In our  opinion,  the  financial  statements  referred to above  present
fairly, in all material respects the financial position of Voyager Group, Inc.(A
Nevada Corporation),  (a development stage company) as of July 31, 2001 and 2000
and the results of its operations and its cash flows for the years then ended in
conformity with generally accepted accounting principles.

                                                   Respectfully submitted



                                                   /S/ ROBISON, HILL & CO.
                                                   Certified Public Accountants
Salt Lake City, Utah
October 31, 2001

                                            F - 1

<PAGE>



                                     VOYAGER GROUP, INC.
                                   (A Nevada Corporation )
                                (A Development Stage Company)
                                         BALANCE SHEET
<TABLE>
<CAPTION>
                                                                          July 31,
                                                               -------------------------------
                                                                    2001             2000
                                                               ---------------  --------------
ASSETS

<S>                                                            <C>              <C>
Total Assets                                                   $             -  $            -
                                                               ===============  ==============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
    Accounts Payable                                           $         7,064  $            -
    Accrued Liabilities                                                      -               -
                                                               ---------------  --------------

Total Current Liabilities                                                7,064               -
                                                               ---------------  --------------

Stockholders' Equity:

  Preferred Stock, $.001 par value;
    Series J-1999; 50 shares authorized,
      0 and 50 shares issued and outstanding                                 -               -
    Series J-2000; 1,000 shares authorized,
      20 and 0 shares issued and outstanding                                 -               -
    Series AA 1996; 1,000 shares
      authorized, 0 and 8.5 shares
      issued and outstanding                                                 -               -
  Premium on Preferred Stock                                                 -           1,320
  Common Stock; $.001 par value;
    50,000,000 shares authorized;
    25,404,195 and 9,869,555 shares
    issued and outstanding July 31, 2001
    and 2000, respectively                                              25,404           9,869
  Additional Paid-in Capital                                            93,155          93,149
  Retained Earnings (Deficit)                                         (104,338)       (104,338)
  Deficit Accumulated During Development Stage                         (21,285)              -
                                                               ---------------  --------------

     Total Stockholders' Equity                                         (7,064)              -
                                                               ---------------  --------------

Total Liabilities and Stockholders' Equity                     $             -  $            -
                                                               ===============  ==============
</TABLE>

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

                                            F - 2

<PAGE>

                                     VOYAGER GROUP, INC.
                                   (A Nevada Corporation )
                                (A Development Stage Company)
                                     STATEMENT OF INCOME
<TABLE>
<CAPTION>
                                                                                  Cumulative
                                                                                    Since
                                                                                April 1, 2000
                                                    For the Year Ended          Inception of
                                                          July 31,               Development
                                               -------------------------------
                                                    2001            2000            Stage
                                               --------------- ---------------  --------------

<S>                                            <C>             <C>              <C>
Sales                                          $             - $             -  $            -
Cost of Sales                                                -               -               -
                                               --------------- ---------------  --------------
     Gross Margin                                            -               -               -

Selling & Marketing                                          -               -               -
Research & Development                                       -               -               -
General & Administrative                                21,285               -          21,285
                                               --------------- ---------------  --------------

Net Income (Loss) from
    Operations                                         (21,285)              -         (21,285)
Other Income (Expense)
  Interest                                                   -               -               -
                                               --------------- ---------------  --------------
Income (Loss) Before Income
  Taxes                                                 21,285               -          21,285
Income Tax Benefit (Expense)                                 -               -               -
                                               --------------- ---------------  --------------

Net Income (Loss)                              $       (21,285)$             -  $      (21,285)
                                               =============== ===============  ==============

Earnings (Loss) Per Common Share:

  Basic & Diluted                              $             - $             -
                                               =============== ===============
</TABLE>












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

                                            F - 3

<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS

                Increase (Decrease) in Cash and Cash Equivalents
<TABLE>
<CAPTION>
                                                                                                Cumulative
                                                                                                  Since
                                                                                              April 1, 2000
                                                                    For the Year Ended         Inception of
                                                                         July 31,              Development
                                                              ------------------------------
                                                                   2001            2000           Stage
                                                              --------------  --------------  --------------

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                           <C>             <C>             <C>
  Net Income (Loss)                                           $      (21,285) $            -  $      (21,285)
         Common Stock Issued for Expenses                             14,221                          14,221
         Increase (Decrease) in Accounts Payable                       7,064               -           7,064
         Increase (Decrease) in Accrued Liabilities                        -               -               -
                                                              --------------  --------------  --------------
         Net cash used in operating activities                             -               -               -

Cash Flows from Investing Activities:
        Net cash provided by investing activities                          -               -               -
                                                              --------------  --------------  --------------

Cash Flows from Financing Activities:
    Capital contributed by shareholder                                     -               -               -
                                                              --------------  --------------  --------------
         Net cash provided by financing activities
                                                                           -               -               -
                                                              --------------  --------------  --------------
Net change in cash and cash equivalents                                    -               -               -
Cash and cash equivalents at beginning of year                             -               -               -
                                                              --------------  --------------  --------------

Cash and cash equivalents at end of year                      $            -  $            -  $            -
                                                              ==============  ==============  ==============

Supplemental Disclosure of Cash Flow Information:
    Cash paid during the year for:
        Interest                                              $            -  $            -  $            -
        Franchise and income taxes                            $            -  $            -  $            -

Supplemental Disclosure of Non-Cash Investing and Financing
Activities:
NONE
</TABLE>

During  June  1999,  $35,868 in  shareholder  loans  were  converted  to paid in
capital.

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

                                                   F - 4
<PAGE>
                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                    STATEMENTS OF STOCKHOLDERS' EQUITY Since
                   June 13, 1990 (Inception) to July 31, 2001
<TABLE>
<CAPTION>
                                                                                                                         Deficit
                                                                                                                       Accumulated
                                 Preferred Stock             Common                          Additional                   During
                         -----------------------------------
                         Series  Series  Series              Stock To       Common Stock      Paid-in       Retained    Development
                                    J       J                           ----------------------
                           AA     1999    2000    Premium    Be Issued   Shares      Amount    Capital      Earnings       Stage
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------
<S>                      <C>     <C>     <C>     <C>          <C>     <C>           <C>       <C>          <C>           <C>
Issuance of Stock to
  Officers, Directors
  and Others for
  Organization Costs
  on April 10, 1991 ...    --      --      --    $      --      --         900,000  $    900  $     8,100  $      --     $     --
Net Loss from Inception    --      --      --           --      --            --        --           --           --           --
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1991 .    --      --      --           --      --         900,000       900        8,100         --           --

Net Loss For Year
  Ended July 31, 1992 .    --      --      --           --      --            --        --           --           --           --
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1992 .    --      --      --           --      --         900,000       900        8,100         --           --

Net Loss For Year
  Ended July 31, 1993 .    --      --      --           --      --            --        --           --           --           --
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1993 .    --      --      --           --      --         900,000       900        8,100         --           --

Net Loss For Year
  Ended July 31, 1994 .    --      --      --           --      --            --        --           --         (9,000)        --
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1994 .    --      --      --           --      --         900,000       900        8,100       (9,000)        --
</TABLE>

                                                   F - 5

<PAGE>
                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                    STATEMENTS OF STOCKHOLDERS' EQUITY Since
                   June 13, 1990 (Inception) to July 31, 2001
                                   (Continued)
<TABLE>
<CAPTION>
                                                                                                                         Deficit
                                                                                                                       Accumulated
                                 Preferred Stock             Common                          Additional                   During
                         -----------------------------------
                         Series  Series  Series              Stock To       Common Stock      Paid-in       Retained    Development
                                    J       J                           ----------------------
                           AA     1999    2000    Premium    Be Issued   Shares      Amount    Capital      Earnings       Stage
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------
<S>                      <C>     <C>     <C>     <C>          <C>     <C>           <C>       <C>          <C>           <C>
Acquisition of Voyager
  Group, Inc. .........     360    --      --          5,321    --            --        --           --           --           --
Net Income for Year
  Ended July 31, 1995 .    --      --      --           --      --            --        --           --           --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1995 .     360    --      --          5,321    --         900,000       900        8,100       (9,000)        --

Issued Stock For:
  Cash ................    --      --      --           --      --      17,078,010    17,078       14,876         --           --
  Cash Connected with
  Reverse Acquisition .     640    --      --        150,010    --            --        --           --           --           --

Shares Returned to
  Treasury ............    --      --      --           --      --     (15,000,000)  (15,000)      15,000         --           --

Net Income for Year
  Ended July 31, 1996 .    --      --      --           --      --            --        --           --        (31,954)        --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance August 1, 1996    1,000    --      --        155,331    --       2,978,010     2,978       37,976      (40,954)        --
</TABLE>



                                                   F - 6
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                    STATEMENTS OF STOCKHOLDERS' EQUITY Since
                   June 13, 1990 (Inception) to July 31, 2001
                                   (Continued)
<TABLE>
<CAPTION>
                                                                                                                         Deficit
                                                                                                                       Accumulated
                                 Preferred Stock             Common                          Additional                   During
                         -----------------------------------
                         Series  Series  Series              Stock To       Common Stock      Paid-in       Retained    Development
                                    J       J                           ----------------------
                           AA     1999    2000    Premium    Be Issued   Shares      Amount    Capital      Earnings       Stage
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------
<S>                      <C>     <C>     <C>     <C>          <C>     <C>           <C>       <C>          <C>           <C>
Shares Issued For:
  Services
    October 27, 1996 ..    --      --      --           --      --         150,000       150      149,850         --           --
  Reg D Offering
    November 11, 1996 .    --      --      --           --      --         250,000       250      244,750         --           --
  Services April 11, 1997  --      --      --           --      --         200,000       200      424,800         --           --
  Settlement Effective
    August 1, 1996 ....    --      --      --           --       300          --        --         63,085         --           --
Net Loss Year Ended
   July 31, 1997 ......    --      --      --           --      --            --        --           --        (63,384)        --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1997 .   1,000    --      --        155,331     300     3,578,010     3,578      920,461     (104,338)        --
Shares Issued For:
  Conversion Preferred      (10)   --      --           --      --         100,000       100         (100)        --           --
  Employees ...........    --      --      --           --      --         434,000       434       42,966         --           --
  Legal Settlement ....    --      --      --           --      (300)      300,000       300         --           --           --
  Top-up agreement ....    --      --      --           --      --         425,000       425         (425)        --           --
  Warrant Exercises ...    --      --      --           --      --       1,000,000     1,000        9,000         --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1998 .     990    --      --        155,331    --       5,837,010     5,837      971,902     (104,338)        --

</TABLE>


                                                   F - 7
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                    STATEMENTS OF STOCKHOLDERS' EQUITY Since
                   June 13, 1990 (Inception) to July 31, 2001
                                   (Continued)
<TABLE>
<CAPTION>
                                                                                                                         Deficit
                                                                                                                       Accumulated
                                 Preferred Stock             Common                          Additional                   During
                         -----------------------------------
                         Series  Series  Series              Stock To       Common Stock      Paid-in       Retained    Development
                                    J       J                           ----------------------
                           AA     1999    2000    Premium    Be Issued   Shares      Amount    Capital      Earnings       Stage
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------
<S>                      <C>     <C>     <C>     <C>          <C>     <C>           <C>       <C>          <C>           <C>
Retroactive Adjustment
  For Reverse Stock Split
  6 to 1 effective
  January 31, 2000 ....    --      --      --           --      --      (4,864,175)   (4,864)       4,864         --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Restated Balance
  July 31, 1998 .......     990    --      --        155,331    --         972,835       973      976,766     (104,338)        --

Shares Issued For:
  Cash ................    --       100    --         50,000    --         133,333       133       49,867         --           --
  Consulting ..........    --      --      --           --      --         361,667       362      825,388         --           --
  Conversion Preferred     (135)   --      --           --      --         225,000       225         (225)        --           --
  Shareholder Loans ...    --      --      --           --      --            --        --         35,868         --           --
  Directors Fees ......    --      --      --           --      --         183,333       183      109,817         --           --
  Investor Relations ..    --      --      --           --      --           4,000         4       22,496         --           --
  Med Advisory Board ..    --      --      --           --      --           4,167         4       21,090         --           --
  Promotion ...........    --      --      --           --      --           4,745         5        8,907         --           --
  Research & Developmt     --      --      --           --      --          33,333        33       49,967         --           --
  Top-up agreement ....    --      --      --           --      --         166,667       167         (167)        --           --
Net Loss Year Ended
  July 31, 1999 .......    --      --      --           --      --            --        --           --           --           --
  Patent ..............    --      --      --           --      --            --        --         25,000         --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 1999 .     855     100    --        205,331    --       2,089,080     2,089    2,124,774     (104,338)        --
</TABLE>
                                     F - 8
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                    STATEMENTS OF STOCKHOLDERS' EQUITY Since
                   June 13, 1990 (Inception) to July 31, 2001
                                   (Continued)
<TABLE>
<CAPTION>
                                                                                                                         Deficit
                                                                                                                       Accumulated
                                 Preferred Stock             Common                          Additional                   During
                         -----------------------------------
                         Series  Series  Series              Stock To       Common Stock      Paid-in       Retained    Development
                                    J       J                           ----------------------
                           AA     1999    2000    Premium    Be Issued   Shares      Amount    Capital      Earnings       Stage
                         ------  ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------
<S>                      <C>     <C>     <C>     <C>          <C>     <C>           <C>       <C>          <C>           <C>
Shares Issued For:                                                          -
  Conversion Preferred     (847)   --      --       (154,011)   --       5,040,000     5,040      148,972         --           --
  Spin Off of Subsidiary-
    Voyager Group, Inc.    --      --      --           --      --       2,740,475     2,740   (2,225,538)        --           --
  Canceled Series J ...    --       (50)   --        (50,000)   --            --        --         44,940         --           --
Net Loss Year Ended
  July 31, 2000 .......    --      --      --           --      --            --        --           --           --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 2000 .       8      50    --          1,320    --       9,869,555     9,869       93,148     (104,338)        --
  May 8, 2001, 100 to 1
  Reverse Stock Split .    --      --      --           --      --      (9,770,859)   (9,771)       9,771         --           --
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Restated Balance
  July 31,2000 ........       8      50    --          1,320    --          98,696        98      102,919     (104,338)        --

Shares Issued For:
  Expenses ............    --      --        20         --      --       3,220,499     3,221         --           --           --
  Consulting ..........    --      --      --           --      --      11,000,000    11,000         --           --           --
  Conversion Preferred     --       (50)   --           --      --      11,000,000    11,000      (11,000)        --           --
  Conversion Preferred       (8)   --      --         (1,320)   --          85,000        85        1,236         --           --
Net Loss for the Year
  Ended July 31, 2001 .    --      --      --           --      --            --        --           --           --        (21,285)
                                 ------  ------  -----------  ------  ------------  --------  -----------  -----------   ----------

Balance July 31, 2001 .    --      --        20  $      --      --      25,404,195  $ 25,404  $    93,155  $  (104,338)  $  (21,285)
                         ======  ======  ======  ===========  ======  ============  ========  ===========  ===========   ==========
</TABLE>
         The  accompanying  notes  are  an  integral  part  of  these  financial
statements.

                                                   F - 9


<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             JULY 31, 2001 AND 2000


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

        The  Company was first  incorporated  in the State of Nevada on June 12,
1990 as  EEE-Hunter  Associates,  Inc. On July 27, 1995 the Company  changed its
domicile  to the State of Texas and merged into a Texas  Corporation  EEE-Energy
Consultants,  Inc. Neither company had any operating  activity.  On July 2, 1996
the Company changed  domicile to Nevada and on July 17, 1996 changed the name of
the  Company to Voyager  Group  USA-Brazil,  Ltd.  On July 21,  1999 the Company
changed  its name to The Voyager  Group,  Ltd.  On March 31,  2000,  the Company
changed its name to Voyager  Internet Group.  Com. On July 14, 2000, the Company
changed its name to Save on Meds. Net.

        On March 31, 2000,  Save on Meds.  Net spun off its  subsidiary  Voyager
Group,  Inc. On June 13, 2001, the Company acquired 181.61 shares of Convertible
Preferred  Series J  (convertible  to common at 220,000 per share or  39,954,200
shares) of Voyager Group, Inc., a Delaware  corporation,  in exchange for 181.61
shares of the Company.  Because of this acquisition the Company changed its name
from Save on Meds.Net to Voyager Group, Inc. On October 19, 2001, both companies
mutually  agreed to terminate  the merger and the 181.61 shares were returned to
treasury and Voyager  Group,  Inc, (A Nevada  Corporation)  returned to the same
position  it was in before the merger,  except the  Company  decided to keep the
name Voyager Group, Inc.

        Since April 1, 2000, the Company is in the  development  stage,  and has
not commenced planned principal operations.

Nature of Business

        The  Company has no products or services as of July 31, 2001 The Company
was organized as a vehicle to seek merger or acquisition candidates. The Company
intends to acquire  interests in various  business  opportunities,  which in the
opinion of management will provide a profit to the Company.

Cash and Cash Equivalents

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


                                     F - 10
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             JULY 31, 2001 AND 2000
                                   (Continued)


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Pervasiveness of Estimates

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

Loss per Share

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

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

                                            For the year ended July 31, 2001
Basic Loss per Share
Loss to common shareholders               $   (21,285)  12,456,802  $         -
                                          ===========  ===========  ===========


                                            For the year ended July 31, 2000
Basic Loss per Share
Loss to common shareholders               $         -   19,569,457  $         -
                                          ===========  ===========  ===========

        The  effect  of   outstanding   common   stock   equivalents   would  be
anti-dilutive for July 31, 2001 and 2000 and are thus not considered.

Concentration of Credit Risk

        The  Company  has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

                                     F - 11
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             JULY 31, 2001 AND 2000
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Reclassifications

        Certain   reclassifications   have  been  made  in  the  2000  financial
statements to conform with the 2001 presentation.

Income Taxes

        The Company  accounts for income taxes under the  provisions of SFAS No.
109,  "Accounting  for Income  Taxes."  SFAS No.  109  requires  recognition  of
deferred  income tax assets and  liabilities  for the expected future income tax
consequences,  based on enacted tax laws, of temporary  differences  between the
financial reporting and tax bases of assets and liabilities.

NOTE 2 - PREFERRED STOCK

        On July 17, 1996 the Company created convertible  Preferred Stock Series
AA 1996, authorizing the issuance of 1,000 shares of convertible preferred stock
to be sold, with a par value of $.001.  The preferred stock are convertible at a
ratio of 10,000 shares of common stock per preferred share converted.

        On July 21, 1999 the Company created convertible  Preferred Stock Series
J-1999, authorizing the issuance of 100 shares of convertible preferred stock to
be sold,  with a par value of $.001.  The preferred  stock are  convertible at a
ratio of 220,000 shares of common stock per preferred  share  converted.  In the
event of any  voluntary  or  involuntary  liquidation,  the  holders of Series J
preferred  stock are  entitled  to an amount  equal to the net book value of the
corporation plus all unpaid  dividends,  before any  distributions to holders of
Common Stock,  Convertible Preferred Stock Series AA 1996 or any other series of
preferred  stock of the  corporation  by reason of any voluntary or  involuntary
liquidation,  dissolution or winding up of the corporation unless each holder of
series J shall have  received  all  amounts to which such  series J holders  are
entitled.  The  preferred  stock is entitled to vote 220,000 votes per preferred
share.

        Convertible Preferred Stock Series J also includes a royalty certificate
for each "Major Investor"  (meaning  investors owning over 10 shares of Series J
preferred  stock or common stock  issued upon  conversion  thereof.  The royalty
certificates  represent a perpetual royalty payment of four percent on or before
the 15th of each month  following  the  starting  month when gross  sales of the
Company exceeds $120,000 per month.  During the year, the Company canceled 50 of
its Preferred Stock Series J.

                                     F - 12
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             JULY 31, 2001 AND 2000
                                   (Continued)

NOTE 2 - PREFERRED STOCK (Continued)

        On June 13, 2001, the Company created convertible  Preferred Convertible
Stock Series J- 2000,  authorizing  the issuance of 1,000 shares of  convertible
preferred stock to be sold,  with a par value of $.001.  The preferred stock are
convertible  at a ratio of 220,000  shares of common stock per  preferred  share
converted.

        On  October  19,  2001,  the  Company  created   convertible   Preferred
Convertible Stock Series Z-2001,  authorizing the issuance of two million shares
of  convertible  preferred  stock to be sold,  with a par  value of  $.001.  The
preferred stock are  convertible at a ratio of 1,000,000  shares of common stock
per preferred share converted.

NOTE 3 - COMMITMENTS

        As of July 31, 2001 all activities of the Company have been conducted by
corporate officers from either their homes or business offices. Currently, there
are no outstanding debts owed by the company for the use of these facilities and
there are no commitments for future use of the facilities.

NOTE 4 - INCOME TAXES

        As of July 31, 2001, the Company had a net operating  loss  carryforward
for income tax reporting  purposes of approximately  $125,000 that may be offset
against future taxable income through 2021. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carryforwards will expire unused. Accordingly, the potential tax benefits of the
loss carryforwards are offset by a valuation allowance of the same amount.

NOTE 5 - DEVELOPMENT STAGE COMPANY

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

                                     F - 13
<PAGE>

                               VOYAGER GROUP, INC.
                             (A Nevada Corporation )
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                             JULY 31, 2001 AND 2000
                                   (Continued)


NOTE 6 - STOCK SPLIT

        On January 31,  2000 the Board of  Directors  authorized  6 to 1 reverse
stock split on common stock. As a result of the split,  4,864,175  common shares
were canceled.  Also during the year the Board of Directors  authorized a 3 to 1
stock split for Series AA preferred  stock.  All references in the  accompanying
financial  statements to the number of common  shares and per-share  amounts for
2000 and 1999 have been restated to reflect the stock split.

        On May 8, 2001, the Board of Directors authorized 100 to 1 reverse stock
split on common stock.  As a result of the split,  9,770,859  common shares were
canceled.  All references in the accompanying financial statements to the number
of common  shares and  per-share  amounts for 2001 have been restated to reflect
the stock split.

NOTE 7 - SUBSEQUENT EVENTS

        On June 13, 2001,  the Company  acquired  181.61  shares of  Convertible
Preferred   Series  J   (convertible   to  common  at   220,000   per  share  or
39,954,200shares)  of Voyager Group, Inc., a Delaware  corporation,  in exchange
for 181.61  shares of the  Company.  Because  of this  acquisition  the  Company
changed  its name from Save on Meds.Net  to Voyager  Group,  Inc. On October 19,
2001,  both  companies  mutually  agreed to terminate  the merger and the 181.61
shares were returned to treasury and Voyager Group, Inc, (A Nevada  Corporation)
returned to the same position it was in before the merger.

        On October 19, 2001, the Board of Directors  voted to increase the total
authorized  shares of Common  Stock from  fifty  million  to two  billion  fifty
million common shares. The par value remained unchanged at $.001.

        Also on October 19,  2001,  the Company  created  convertible  Preferred
Convertible Stock Series Z-2001,  authorizing the issuance of two million shares
of  convertible  preferred  stock to be sold,  with a par  value of  $.001.  The
preferred stock are  convertible at a ratio of 1,000,000  shares of common stock
per preferred share converted.


                                     F - 14