EXHIBIT 10.11
                              EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT is made as of the 31st day of January 2001

BETWEEN:

     International  PBX  Ventures  Ltd.THE  FOREST  INDUSTRY  ONLINE INC., a bod
     corporate formed pursuant to the laws of the Province of British Columbia

     (the "Forest Industry")

AND:

     forestindustry.com,  Inc., a body corporate  formed pursuant to the laws of
     the State of Delaware and having its registered office located at Suite 11,
     2480 Kenworth Road, Nanaimo, British Columbia, V9T 3Y3

     (the "Company")

AND:

     JOE PERRATON,  Businessman,  of 7491  Elizabeth  Way,  Lantzville,  British
     Columbia, V0R 2H0

     (the "Employee")

WHEREAS:

A.   Forest  Industry  is a  subsidiary  of the  Company  and  entered  into  an
     employment  agreement  (the  "agreement")  with the Employee on January 31,
     2000;

B.   the Employee is  experienced  in and  knowledgeable  in the business of the
     Company, and the industry within which the Company operates;

C.   the Company requires the services of the Employee and wishes to replace the
     agreement with this employment agreement as permitted by section 5.3 of the
     agreement; and,

D.   the Company  wishes to employ the Employee on the terms and  conditions set
     forth herein;

NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the premises and
the mutual  covenants,  agreements,  representations  and  warranties  contained
herein, the parties hereto hereby agree as follows:


                                    ARTICLE 1
                                   EMPLOYMENT

Employment

1.1 The Company  hereby  agrees to employ the Employee as its  president and the
Employee  agrees to continue to act as President for the Forest Industry and the
Employee accepts such employment.  In such capacity, the Employee shall have the
duty and  responsibility  to operate the daily business of the Company and shall
report to and be directly  responsible to the boards of directors of the Company
(the "Board").

Term

1.2 The term of this Agreement shall be for a period of two years  commencing on
the  date  of  this  Agreement   (the  "Term")  and  this  Agreement   shall  be
automatically  extended  on a monthly  basis  thereafter  unless  terminated  in
accordance with the provisions of section 1.5 hereof.

Salary

1.3 The  Company  shall  pay to the  Employee,  in the  aggregate,  a salary  of
Cdn$70,000  annum,  payable  semi-monthly or at such other interval to be agreed
upon by the Board.  The parties hereto agree that the Board will review the said
salary when any other senior management employee is hired, and in addition on at
least an annual basis and will make any adjustments it determines are reasonable
in the sole opinion of the Board,  which  adjustments  may take into account but
not  limited to the  Employee's  performance  and the  financial  and  operating
success of the Company in the preceding period.

Benefits

1.4  The Employee shall be entitled to  participate in any benefits  package put
     in place by the  Company  from time to time for the  benefit  of  employees
     generally.

Termination

1.5  Either  party may  terminate  this  Agreement  without  cause  upon 90 days
     written  notice (or salary in lieu  thereof)  being  provided  to the other
     party.

Entire Agreement

1.6  This Agreement  constitutes  the entire  understanding  between the parties
     concerning  the subject  matter  hereof and  supersedes  in whole any other
     written agreements between the Company or Forest Industry and the Employee.

Amendment

1.7 This Agreement may be modified or amended and any  modification or amendment
shall be in writing and signed by both parties.

<PAGE> 3
Successors and Assigns

1.8  This  Agreement  shall  enure to the  benefit  of and be  binding  upon the
     parties hereto and their respective successors and permitted assigns.

IN WITNESS WHEREOF the parties have executed this Agreement  effective as of the
day and year first above written.

                                            THE FOREST INDUSTRY ONLINE INC.

                                            By:
-----------------------                        -----------------------
Witness                                        Authorized Signatory
-----------------------
Name
-----------------------
Address


                                            FORESTINDUSTRY.COM, INC.

                                            By:
-----------------------                        -----------------------
Witness                                        Authorized Signatory
-----------------------
Name
-----------------------
Address



                                            By:
-----------------------                        -----------------------
Witness                                        JOE PERRATON
-----------------------
Name
-----------------------
Address



This is Page 3 to the  Employment  Agreement  dated  January , 2001  between The
Forest Industry  Online Inc.,  --------------  forestindustry.com,  Inc. and Joe
Perraton.