SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 10KSB

[ X ]       ANNUAL  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
            EXCHANGE  ACT  OF  1934
            For the fiscal year ended June  30,  2002


[   ]      TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
           SECURITIES  EXCHANGE  ACT  OF  1934
           For  the  transition  period  from  __________  to  _____________

           Commission  File  No.  000-30645


                             PARA MAS INTERNET, INC.
                             -----------------------
             (Exact name of Registrant as specified in its charter)

          NEVADA                                          59-3383240
----------------                                          ----------
(State or other jurisdiction of                        (I.R.S.  Employer
incorporation or organization)                      Identification  Number)

711 Poplar Street
Coquitlam, British Columbia, Canada                       V3J  3K9
--------------------------------------                    --------
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code:     (604)  936-1797
                                                        ---------------

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

Securities registered pursuant to Section 12 (g) of the Act: Common stock
authorized at $.001 par value.

Check  whether  the  issuer  (l)  has  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 requirements for the past 90 days. [ ]Yes [X]No

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  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.  [   ]

Revenues for the fiscal year ended June 30, 2002 were $0.00.

The  aggregate  market value of the voting stock held by non-affiliates computed
by  reference  to the last reported sale price of such stock as of July 22, 2003
is  $ 21,671. Our common stock is quoted at the present time.  At July 22, 2003,
our  stock's  closing  price  was  $0.001  per share. This price, however, is an
inter-dealer  price  without retail mark-up, mark-down or commission and may not
represent  an  actual  transaction.

The  number  of  shares of the issuer's Common Stock outstanding as of September
10,  2003  was  48,294,395.


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

                                      -1-
<PAGE>

PART  I

ITEM  1.  DESCRIPTION  OF  BUSINESS

CORPORATE  HISTORY

The  registrant,  Para  Mas  Internet,  Inc.,  ("Para Mas" or the "Company") was
incorporated  under  the  laws  of  the  State of Nevada on June 6, 1994 as U.S.
Medical  Management,  Inc.,  a  wholly owned subsidiary of Waterloo Wheels, Inc.
Waterloo Wheels, Inc. was incorporated on June 2, 1986 under the laws of British
Columbia.  In June 1995, the shareholders of Waterloo Wheels, Inc. exchanged all
their  outstanding  stock  for shares of the Company on a share for share basis.
In  June  1995,  the  Company  completed a merger with Ken Venturi Golf Training
Center, Inc.  Effective with the merger, all previously outstanding common stock
of  Ken  Venturi  Golf  Center,  Inc.  was exchanged for 4,000,000 shares of the
Company's  common  stock.  Immediately following the merger, the Company changed
its  name  to  Ken  Venturi  Golf,  Inc.

In  November  1997,  the  Company  changed  its  name to Transcontinental Waste,
Industries.  In  April  1999,  the  Company  changed its name to Financial Depot
Online,  Inc.  In August 1999 the Company changed its name to Para Mas Internet,
Inc.

On  April  17, 2000, Para Mas  completed a Stock Exchange Agreement with Lapitos
Acquisition  Corporation  ("Lapitos")  in  a transaction accounted for using the
purchase  method  of  accounting. The total purchase price and carrying value of
net  assets acquired of the Lapitos was $ 1. From Lapito's inception , until the
date  of  the  exchange, Lapitos was an inactive  corporation with no assets and
liabilities.

Effective  with the exchange, all previously outstanding common stock, preferred
stock,  options and warrants owned by Lapitos stockholders were exchanged for an
aggregate  of  1,000  shares  of Para Mas's common stock. The value of the stock
that  was issued was the historical cost of Lapitos's net tangible assets, which
did  not  differ  materially  from  their  fair  value.

CURRENT  BUSINESS  STRATEGY

The  Company  is inactive with no significant operations and is seeking to merge
or  acquire an interest in business opportunities.  The Company anticipates that
businesses  for  possible  acquisition  will  be  referred  by  various sources,
including  its  officers  and directors and professional advisors and others who
may  present unsolicited proposals.  The Company will not restrict its search to
any  particular  business,  industry,  or  geographical location, and management
reserves  the  right  to  evaluate  and  enter  into any type of business in any
location.  The  Company may participate in a newly organized business venture or
a  more  established  company  entering  a  new  phase  of  growth or in need of
additional  capital to overcome existing financial problems.  Participation in a
new business venture entails greater risks since in many instances management of
such  a  venture  will  not have proved its ability, the eventual market of such
venture's  product  or  services  will  likely  not  be  established,  and  the
profitability  of  the  venture  will  be

                                     -2-

<PAGE>

unproved  and  cannot  be  predicted
accurately.  If  the  Company  participates  in  a  more  established  firm with
existing  financial  problems, it may be subjected to risk because the financial
resources  of  the  Company  may  not  be  adequate  to eliminate or reverse the
circumstances  leading  to  such  financial  problems.

In seeking a business venture, the decision of management will not be controlled
by  an  attempt  to  take  advantage of any anticipated or perceived appeal of a
specific  industry, management group, product, or industry, but will be based on
the  business  objective  of  seeking long-term capital appreciation in the real
value  of the Company.  The Company will not acquire or merge with a business or
corporation  in  which the Company's officers, directors, or promoters, or their
affiliates  or  associates,  have  any  direct  or  indirect ownership interest.

The analysis of new businesses will be undertaken by or under the supervision of
the  officers and directors.  In analyzing prospective business, management will
consider,  to  the  extent  applicable,  the available technical, financial, and
managerial  resources;  working  capital and other prospects for the future; the
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; the potential for
profit; the perceived public recognition or acceptance of products, services, or
trade  or  service  marks;  name  identification;  and  other  relevant factors.

ACQUISITION  OF  A  BUSINESS

In  implementing  a structure for a particular business acquisition, the Company
may  become  a  party  to  a merger, consolidation, or other reorganization with
another  corporation  or  entity;  joint  venture; license; purchase and sale of
assets;  or  purchase and sale of stock, the exact nature of which cannot not be
predicted.  Notwithstanding  the  above,  the  Company  does  not  intend  to
participate  in  a  business  through  the purchase of minority stock positions.
Further,  the  Company  does  not  have  the assets necessary to make a business
acquisition  with cash.  Therefore, any acquisition would have to be in exchange
for  Company stock.  On the consummation of a transaction, it is likely that the
present management and shareholders of the Company will not be in control of the
Company.  In addition, a majority or all of 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.

It is anticipated that any securities issued in any such reorganization would be
issued  in reliance on exemptions from registration under applicable federal and
state  securities laws.  In some circumstances, however, as a negotiated element
of  the transaction, the Company may agree to register such securities either at
the  time  the  transaction  is  consummated,  under  certain  conditions, or at
specified  times thereafter.  Although the terms of such registration rights and
the  number  of securities, if any, which may be registered cannot be predicted,
it  may  be  expected

                                     -3-

<PAGE>

that  registration  of  securities  by  the Company in these circumstances would
entail  substantial  expense  to  the  Company.  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 such market.

The  manner  in  which the Company participates in a business will depend on the
nature  of  the  business,  the  respective needs and desires of the Company and
other  parties,  the  management  of the  business,  and  the  relative
negotiating strength of the Company and such other  management.

The  Company  will  participate  in  a  business  only after the negotiation and
execution  of  appropriate  written  agreements.  Although  the  terms  of  such
agreements  cannot  be  predicted,
generally  such  agreements will require 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 such closing, will outline the manner of bearing costs
if  the  transaction is not closed, will set forth remedies on default, and will
include  miscellaneous  other  terms.

OPERATION  OF  BUSINESS  AFTER  ACQUISITION

The  Company's  operation  following  its  acquisition  of  a  business  will be
dependent  on  the  nature of the business and the interest acquired.  It may be
expected that the business will present various risks, which cannot be predicted
at  the  present  time.

PENDING  ACQUISITION

The Company has entered into an Agreement of Plan and Tender Offer ("Agreement")
which  provides  for a tender offer of 100% of the issued and outstanding shares
of  Amerigroup, Inc., a company formed under the laws of the state of Nevada, in
which  the  Company  will  issue one share of its common stock for each share of
Amerigroup,  Inc.  common  stock  tendered.  The  Company  will  also  issue
approximately 10,042,105 shares of its common stock in exchange for a release of
certain rights in which the Company has an interest.  The Agreement is subject
to certain conditions that must  be  met  before  the  tender offer can go
forward.  Amerigroup, Inc. is an issuer  of  retail  discount  cards to
entertainment venues and for other retail purposes.  Amerigroup  also  is
engaged  in other related business enterprises.

GOVERNMENT  REGULATION

It  is  impossible  to  predict  the government regulation, if any, to which the
Company  may  be subject until it has acquired an interest in business.  The use
of assets and/or conduct of business which the Company may acquire could subject
it  to  environmental,  public  health  and  safety,  land  use, trade, or other
governmental  regulations  and state or local taxation.  In selecting a business
in  which  to acquire an interest, management will

                                        -4-

<PAGE>

endeavor to ascertain, to the
extent  of  the limited resources of the Company, the effects of such government
regulation  on  the  prospective  business  of  the  Company.  In  certain
circumstances,  however,  such  as  the  acquisition  of  an
interest  in  a  new  or  start-up  business activity, it may not be possible to
predict  with  any  degree of accuracy the impact of government regulation.  The
inability  to  ascertain  the  effect  of  government regulation on  prospective
business  activity  will  make the acquisition of an interest in such business a
higher  risk.

COMPETITION

The  Company  will  be  involved  in  intense  competition  with  other business
entities,  many of which will have a competitive edge over the Company by virtue
of  their  stronger  financial resources  and  prior  experiences  in business.
There is no assurance that the Company  will  be  successful  in  obtaining
suitable  investments.

EMPLOYEES

The  Company  is  a  development  stage  company and currently has no employees.
Management of the Company expects to use consultants, attorneys, and accountants
as  necessary,  and does not anticipate a need to engage any full-time employees
so  long as it is seeking and evaluating businesses.  The need for employees and
their  availability  will  be addressed in connection with a decision whether or
not  to  acquire  or  participate  in  a  specific  business  industry.

ITEM  2.  DESCRIPTION  OF  PROPERTY

Our  offices  are  located  at the present time at 711 Poplar Street, Coquitlam,
British Columbia, Canada V3J 3K9.  The offices are being provided at the present
time  by our CEO as an accommodation to Para Mas until such time as Para Mas can
procure  operating  revenue  or
equity  funding.

ITEM  3.  LEGAL  PROCEEDINGS

We are not currently a party to any legal proceedings.  Our agent for service of
process  in  Nevada  is  Rodney  E. Sumpter, 139 Vassar Street, Reno, NV  89502.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

There  was  no  matter  submitted  during  the fourth quarter of the fiscal year
covered  by  this report to a vote of security holders, through the solicitation
of  proxies  or  otherwise.

                                     -5-

<PAGE>
                                   PART  II


ITEM  5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS

Our  common  shares  were  listed on the OTC Electronic Bulletin Board under the
symbol  PMII  until approximately November of 2001.  Since that time, our common
shares have been listed in the Pink Sheets under the same symbol.  The following
table  sets  forth the high and low bid information for Para Mas for the periods
indicated.
<TABLE>
<CAPTION>



                          High    Low
<S>                       <C>    <C>
April - June, 2002 . . .  0.100  0.001
January - March, 2002. .  0.060  0.001
October - December, 2001  0.030  0.001
July - September, 2001 .  0.180  0.017
April - June, 2001 . . .  0.440  0.040
January - March, 2001. .  1.240  0.060
October - December, 2000  4.120  0.000
July - September, 2000 .  2.000  0.000
</TABLE>

The  source  of the quotation information is Financialweb.com.

The quotations reflect inter-dealer prices, without retail mark-up, mark-down or
commission  and  may  not  represent  actual  transactions.

As  of  the  last day of the fiscal covered by this report, we had approximately
425  registered  shareholders.  We have not declared any dividends on our common
stock,  and  we  do not plan to declare any dividends in the foreseeable future.
However,  there  are  no restrictions in our articles of incorporation or bylaws
that  prevent  us  from  declaring  dividends.   The  Nevada  Revised  Statutes,
however,  do  prohibit us from declaring dividends where, after giving effect to
the  distribution  of  the  dividend:

1.   we  would  not  be  able  to  pay our debts as they become due in the usual
course  of  business;  or

2.  our  total  assets  would be less than the sum of our total liabilities plus
the  amount  that would be needed to satisfy the rights of shareholders who have
preferential  rights  superior  to  those  receiving  the  distribution.

                                    -6-

<PAGE>

TRANSFER  AGENT

We  have  retained  the services of Colonial Stock Transfer, 455 East 400 South,
#100,  Salt  Lake  City,  Utah  84111  as  our  transfer  agent.

RECENT  SALES  OF  UNREGISTERED  SECURITIES

There  were no sales of unregistered securities during the fourth quarter of the
fiscal  year  covered  by  this  report.

ITEM  6.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

Our  plan  of operations for the next twelve months is to continue to look for a
business or product that has potential for profit which the Company can acquire.
The  Company  has  no  cash  or  liquid  assets  and has been unable to meet its
expenses.  The  Company  has  been  unable to maintain its periodic filings with
Securities  and  Exchange  Commissions.  The  Company,  however,  has  now  made
arrangements  to  bring  its filings with the Securities and Exchange Commission
current.  It  believes  that  if  it  can  be  current  on  its filings with the
Securities  and  Exchange  Commission,  the Company will be more attractive as a
merger  candidate  for  an  operating  business.

The  Company  hopes  to  become  a  viable  business  through  the  process  of
acquisitions or an acquisition.  Unless it can accomplish this, the Company does
not  have  good  prospects of obtaining the resources necessary to continue as a
business  entity.  Absent  the acquisition of an operating business, the Company
will have to obtain cash through borrowing or through the sale of equity capital
if it is to continue.  At the present time the Company has limited possibilities
of  raising  funds through either of these methods.  The Company has no plans at
the  present  time  to  acquire  plant  or  equipment  or  to  hire  employees.

The independent auditors report on the Company's June 30, 2002 financial
statements included in this Form states that the Company's inability to generate
sufficient cash flows from operations  raise substantial doubts about the
Company's ability to continue as a going concern.

FORWARD-LOOKING  STATEMENTS

Many  statements made in this report are forward-looking statements that are not
based  on  historical  facts.  Because  these forward-looking statements involve
risks  and  uncertainties,  there  are important factors that could cause actual
results  to  differ  materially  from  those  expressed  or  implied  by  these
forward-looking  statements.  The forward-looking statements made in this report
relate  only  to  events  as  of  the  date  on  which  the statements are made.

ITEM  7.  FINANCIAL  STATEMENTS

The  information  requested by this item is set forth in Item 13 of this Report.

                                     -7-
<PAGE>

ITEM  8.  CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING AND
FINANCIAL  DISCLOSURE

There  have  been  no changes in or disagreements with Accountants on Accounting
and  Financial  Disclosure  during  the  fiscal  year  covered  by  this report.



                                  PART  III

ITEM  9.  DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  REGISTRANT

Our  executive  officers and directors and their respective ages as of September
10,  2003  are  as  follows:

Directors:

Name  of  Director               Age
------------------               ---


Don  McFadyen                    53
Mary  Wiens                      56

Executive  Officers:

Name  of  Officer                Age          Office
-----------------                ---          ------

Don  McFadyen                    53           CEO,  Secretary,  Treasurer

The  following  information  on  the  business  experience  of each director and
officer.

DON  McFADYEN,  CEO,  SECRETARY,  TREASURER,  and  DIRECTOR

From  June 30, 1998 to present, Mr. McFadyen served as President and Director of
International  Bible Games Inc., a private Canadian company with the head office
in  Vancouver,  Canada.  Mr.  McFadyen's  mandate  was to align the company with
strategic  business  partners  and  position  the  company  for  fast growth and
expansion  on  the international market.  McFadyen also researched and developed
business  propositions  and aided  the  company through a corporate restructure.

Prior  to  this  position,  from  1994  to  1998, Mr. McFadyen was licensed as a
Realtor  and  Sub-Mortgage  Broker  in  the  province  of  British Columbia, and
actively  marketed  real  estate development projects which included residential
and  commercial  properties.

Mr. McFadyen's management career started in 1974 with Dylex Diversified, a Large
Multi  National  retail  chain.  While  working  towards  a  Certified  General
Accounting

                                   -8-

<PAGE>

designation,  Mr.  McFayden  continued his career in retail and held
positions  as  Controller,  General  Manager,  and  Senior  Marketing Executive.

In  these  positions  Mr. McFadyen was responsible for corporate fiscal matters,
installation  of  accounting  systems,  staff  management,  corporate  strategic
planning  and  general  management.

McFadyen  holds a Realtor and Sub-Mortgage Broker's license and has successfully
written  examinations  for  the  915 Real Estate Agents license and The Canadian
Securities  course.  Mr.  McFadyen  has applied management skills and has taught
time  management  and  leadership  skills
in  seminar  settings.

MARY  WIENS,  DIRECTOR

Ms.  Wiens  worked  in  research and development for Destination TBG Marketing &
Development  Corp.,  an  Alberta  Corporation.  Also a Co-founder of Destination
Thee  Bible  Game.  Ms.  Wiens  worked in Office Administration managing general
office  staff.  She  has  a background in Christian Community in music and Bible
study  and  worked  as a Secretary and Director of IBG since April of 1997.  Ms.
Wiens  was  also  an  officer  and  director  of  DTG  from  January  of  1996
to  1997.

Term  of  Office

Our  Directors  are  appointed for a one-year term to hold office until the next
annual  general  meeting  of  our  shareholders  or until removed from office in
accordance  with  our  bylaws.  Our  officers  are  appointed  by  our  board of
directors  and  hold  office  until  removed  by  the  board.

SIGNIFICANT  EMPLOYEES

We have no significant employees other than the officers and directors described
above.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE

The  following  persons  have  failed to file, on a timely basis, the identified
reports  required  by  Section  16(a) of the Exchange Act during the most recent

fiscal  year:

                                Number     Transactions   Known Failures
                                Of  late    Not Timely     To  File  a
Name and principal position     Reports      Reported     Required Form
---------------------------     -------      --------     --------------

Don  McFadyen                     0             0               1

Mary  Wiens                       0             0               1

                                     -9-

<PAGE>

ITEM  10.  EXECUTIVE  COMPENSATION

During  the  fiscal year covered by this report, Mr. Montel Hill who was our CEO
during  part  of  that year was paid $90,000.00.  Some of the money paid to Mr.
Hill  was  for  reimbursement of business expenses sustained by him and some was
for remuneration for services provided to the Company.  Otherwise, the Company's
officers  and  directors  do  not  receive  any  compensation for their services
rendered  to  the Company, nor has any received any compensation during the past
three years other than as mentioned above.   Further, the officers and directors
are  not  accruing  any compensation pursuant to any agreement with the Company.
No  retirement,  pension,  profit sharing, stock option or insurance programs or
other  similar  programs  have  been  adopted  by the Company for the benefit of
officers  and  directors.

ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

The  following table provides the names and addresses of each person known to us
to  own more than 5% of our outstanding common stock as of August1, 2001, and by
the  officers  and  directors, individually and as a group.  Except as otherwise
indicated,  all  shares  are  owned  directly.
<TABLE>
<CAPTION>



                    Name and address          Amount of           Percent
Title of class     of beneficial owner    beneficial ownership    of class
--------------     -------------------    ---------------------   ---------
<S>                <C>                      <C>                     <C>
Common Stock       Don McFadyen             7,413,007 shares        15.3%
                   Director, CEO
                   Secretary/treasurer
                   711 Poplar Street
                   Coquitlam, B.C. V3J 3K9

Common Stock       Mary Wiens               5,434,006 shares(1)     11.3%
                   Director
                   #2003-10082-148th Street
                   Surrey, B.C.  V3R 0S3

Common Stock       Murray McFadyen          5,332,007 shares(1)     11.0%
                   #2003-10082-148th Street
                   Surrey, B.C.  V3R 0S3

Common Stock       Spear Leeds & Kellogg    4,166,700 shares         8.6%
                   120 Broadway
                   New York, NY  10271

Common Stock       Cede & Co                12,040,209 shares       24.9%
                   P.O. Box 20 Bowling
                   Green Station
                   New York, NY  10274

Common Stock       Montel R. Hill           6,944,940 shares        14.4%
                   6315 Nodding Night Court
                   Columbia, MD  21044


Common Stock       All Officers and        18,179,020 shares (2)    37.6%
                   Directors as a Group
                   that consists of two
                   people
</TABLE>

                                      -10-

<PAGE>

(1)  Mary Wiens and Murray McFadyen are husband and wife making each of them the
beneficial  owner of shares held by the other Accordingly, Mary Wiens and Murray
McFadyen  each  beneficially  hold  10,766,013  common  shares  or  22.3% of the
outstanding  shares  of  Para Mas.  Also, 3,944,007 of the shares represented as
being  held  by Murray McFadyen and 3,944,006 of the shares represented as being
held  by  Mary  Wiens  are  legally  held  by  Destination  T.B.G. Development &
Marketing  Corp  ("Destination  T.B.G."), a corporation in which Murray McFadyen
and  Mary  Wiens  each  have a 50% ownership interest.  Destination T.B.G. holds
16.3%  of  the  issued  and  outstanding  common  shares  of  Para  Mas.

(2)  This  figure includes the shares held by Murray McFadyen, since Mary Wiens,
a  director  of  the  Para  Mas  is  the  beneficial  owner  of  those  shares.


ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

On  or  about  November  1,  2000,  International  Bible  Games Inc., a Canadian
corporation  ("IBG")  acquired  from  a  shareholder  of the Company, 30,000,000
shares  of  common  stock of the Company, making IBG the majority shareholder of
the  Company.  Our  officers and directors, Don McFadyen and Mary Wiens are also
officers  and  directors  of  IBG.

PART  IV

ITEM  13.  EXHIBITS,  FINANCIAL  STATEMENTS  SCHEDULES  AND  REPORTS ON FORM 8-K
EXHIBITS


Item  13(a)  Financial  Statements

The  Company's  audited  Financial  Statements, as described below, are attached
hereto.


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                       FINANCIAL STATEMENTS AND SCHEDULES

                                  JUNE 30, 2002


                         FORMING A PART OF ANNUAL REPORT
                 PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934



                             PARA MAS INTERNET, INC.


                                       F-1

<PAGE>

                             PARA MAS INTERNET, INC.
                          INDEX TO FINANCIAL STATEMENTS
                          -----------------------------


<TABLE>
<CAPTION>



                                                                                                  Page
                                                                                               -----------
<S>                                                                                            <C>
Report of Independent Certified Public Accountants. . . . . . . . . . . . . . . . . . . . . .  F-3
Balance Sheet at June 30, 2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  F-4
Statements of Losses  for the years ended  June 30, 2002 and June 30, 2001. . . . . . . . . .  F-5
 Statements of Deficiency in Stockholders' Equity for the two year period ended June 30, 2002  F-6

Statements of Cash Flows for the years ended June 30, 2002 and June 30, 2001. . . . . . . . .  F-7
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  F-8 to F-14
</TABLE>



                                       F-2
<PAGE>

               REPORT OF INDEPENDENT CEDRTIFIED PUBLIC ACCOUNTANTS



Board  of  Directors
Para  Mas  Internet,  Inc.
Coquitlane,  British  Columbia


We  have audited the accompanying  balance sheet of Para Mas Internet, Inc as of
June 30, 2002 and the related statements of losses , deficiency in stockholders'
equity,  and  cash  flows  for  the two years in the period ended June 30, 2002.
These  financial  statements are the responsibility of the company's management.
Our  responsibility is to express an opinion on these financial statements based
upon  our  audits.

We conducted our audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audit  to  obtain reasonable assurance about whether the financial
statements  are free of material misstatements.  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 our audits 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 Para Mas Internet, Inc. as of
June 30, 2002, and the  results of its operations and its cash flows for each of
the  two  years in the period ended June 30, 2002, in conformity with accounting
principles  generally  accepted  in  the  United  States  of  America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company will continue as a going concern.  As discussed in Note H the Company is
experiencing  difficulty  in  generating  sufficient  cash  flow  to  meet  its
obligations and sustain its operations, which raises substantial doubt about its
ability  to  continue as a going concern.  Management's plans in regard to these
matters  are  also  described in Note H. The financial statements do not include
any  adjustments  that  might  result  form  the  outcome  of  this uncertainty.


                                    /s/ RUSSELL BEDFORD STEFANOU MIRCHANDANI LLP
                                    --------------------------------------------
                                    Russell  Bedford  Stefanou  Mirchandani  LLP
                                    Certified  Public  Accountants

McLean,  Virginia
August  20,  2003


                                       F-3

<PAGE>

                             PARA MAS INTERNET, INC.
                                  BALANCE SHEET
                                  JUNE 30, 2002

<TABLE>
<CAPTION>

ASSETS
<S>                                                                                   <C>
Current Assets:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $         -

Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $         -
                                                                                      ============

LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current Liabilities:
       Accrued expenses (Notes D and I). . . . . . . . . . . . . . . . . . . . . . .  $     4,269
       Notes payable  (Notes D and I). . . . . . . . . . . . . . . . . . . . . . . .       15,000
       Preferred stock dividends payable  (Notes B and H). . . . . . . . . . . . . .       16,800
                                                                                      ------------
            Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . .       36,069

DEFICIENCY IN STOCKHOLDERS' EQUITY

Preferred Stock; authorized 10,000,000 shares; 60,000 shares issued  (Notes B and I)       60,000
Common stock, par value, $.001 per share, 100,000,000
Shares authorized; 48,294,395 shares issued. . . . . . . . . . . . . . . . . . . . .       48,295
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    1,822,132
Accumulated Deficit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   (1,966,496)
                                                                                      ------------
Total Deficiency in  Stockholders' Equity. . . . . . . . . . . . . . . . . . . . . .      (36,069)

                                                                                      $         -
                                                                                      ============

</TABLE>

                 See Accompanying Notes to  Financial Statements

                                       F-4

<PAGE>

                             PARA MAS INTERNET, INC.
                               STATEMENT OF LOSSES
                           FOR THE YEAR ENDED JUNE 30,

<TABLE>
<CAPTION>




                                                                2002          2001
                                                            ------------  ------------
<S>                                                         <C>           <C>
Costs and Expenses:
   Interest. . . . . . . . . . . . . . . . . . . . . . . .  $     1,050   $     1,050
   Equity based compensation (Note C). . . . . . . . . . .      293,750
   Consulting and professional  fees . . . . . . . . . . .      125,000             -
                                                            ------------  ------------
   Total operating costs and expenses. . . . . . . . . . .      419,800         1,050
Loss from operations before and Preferred Stock Dividends.     (419,800)       (1,050)
Provision for income (tax) benefit . . . . . . . . . . . .            -             -
                                                            ------------  ------------
Net Loss . . . . . . . . . . . . . . . . . . . . . . . . .     (419,800)       (1,050)
Preferred Stock Dividends (Notes B and I). . . . . . . . .        4,200         4,200
                                                            ------------  ------------
Net Loss Available to Common Shareholders. . . . . . . . .  $  (424,000)  $    (5,250)
                                                            ============  ============
Loss per Share Basic and Diluted . . . . . . . . . . . . .  $      (.00)  $      (.00)
                                                            ============  ============

Basic and diluted Weighted average Number of Shares
Outstanding. . . . . . . . . . . . . . . . . . . . . . . .   48,120,782    44,127,695
                                                            ============  ============


</TABLE>

                 See Accompanying Notes to  Financial Statements

                                       F-5

<PAGE>



                             PARA MAS INTERNET, INC.
                 STATEMENTS OF DEFICIENCY IN STOCKHOLDERS' EQUITY
                 FOR THE TWO YEARS ENDED JUNE 30, 2002 AND 2001
<TABLE>
<CAPTION>
                          Preferred   Common    Preferred   Common     Paid-in     Accumulated   Total
                            Stock     Stock       Stock      Stock     Capital       Deficit
                           Shares     Shares      Amount    Amount
<S                          <C>     <C>         <C>         <C>      <C>          <C>            <C>
BALANCE AT JUNE 30, 2000    60,000  44,127,695  $   60,000  $44,128  $1,415,949   $ (1,545,646)  $ (25,569)
Preferred stock dividend
  Payable                        -           -           -        -      (4,200)             -      (4,200)
Loss for the year ended
  June 30, 2001                  -           -           -        -           -         (1,050)     (1,050)
                         ---------  ----------  ----------  -------  -----------  -------------  ----------

BALANCE JUNE 30, 2001       60,000  44,127,570      60,000   44,128   1,411,749     (1,546,696)    (30,819)
Preferred stock dividend
  payable                        -           -           -        -      (4,200)             -      (4,200)
4,166,667 stock options
  issued in July 2001, valued
  at $0.0705 per stock option,
  in exchange for services       -           -           -        -     293,750              -     293,750
Shares issued  in exchange
 for cash  in July 2001 at
  $.03 per share                 -   4,166,667           -    4,167     120,833              -     125,000
Rounding                         -         158           -        -           -              -           -
Loss for the year ended
 June 30, 2002                   -           -           -        -           -       (419,800)   (419,800)
                         ---------  ----------  ----------  -------  -----------  -------------  ----------
BALANCE AT JUNE 30, 2002    60,000  48,294,395  $   60,000  $48,295  $1,822,132   $ (1,966,496)  $ (36,069)
                         =========  ==========  ==========  =======  ===========  =============  ==========

</TABLE>

                                       F-6

                 See Accompanying Notes to  Financial Statements


<PAGE>


                             PARA MAS INTERNET, INC.
                            STATEMENTS OF CASH FLOWS
                          FOR THE YEAR ENDED  JUNE 30,
<TABLE>
<CAPTION>





                                                                     2002       2001
                                                                  ----------  --------
<S>                                                               <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net  (loss). . . . . . . . . . . . . . . . . . . . . . . . . . .  $(419,800)  $(1,050)
Adjustments to reconcile net profit to net cash:
Common stock options issued in exchange for services . . . . . .    293,750         -
Changes in assets and liabilities:
Increase (decrease) in accounts payable and accrued liabilities.      1,050     1,050
                                                                  ----------  --------
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES. . . . . . .   (125,000)        -
CASH FLOWS FROM INVESTING ACTIVITIES . . . . . . . . . . . . . .          -         -
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock, net. . . . . . . . . . . . .    125,000         -
                                                                  ----------  --------
NET CASH PROVIDED BY FINANCING ACTIVITIES. . . . . . . . . . . .    125,000         -
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS . . . . . .          -         -
Cash and Cash Equivalents
   Beginning of Period . . . . . . . . . . . . . . . . . . . . .          -         -
                                                                  ----------  --------
   End of the Period . . . . . . . . . . . . . . . . . . . . . .  $       -   $     -
                                                                  ==========  ========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid during the year for interest . . . . . . . . . . . .  $       -   $     -
  Cash paid during the year for taxes. . . . . . . . . . . . . .          -         -
  Preferred stock dividends  payable . . . . . . . . . . . . . .      4,200     4,200
  Stock options issued in exchange for services. . . . . . . . .    293,750




</TABLE>





                                       F-7
                 See Accompanying Notes to Financial Statements


<PAGE>

                            PARA MAS, INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001

NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES

A  summary  of the significant accounting policies applied in the preparation of
the  accompanying  consolidated  financial  statements  as  follows.

BUSINESS  AND  BASIS  OF  PRESENTATION


Para  Mas  Internet,  Inc.  ("Company" or "Para Mas") was incorporated under the
laws  of the State of Nevada on June 6, 1994 as U.S. Medical Management, Inc., a
wholly  owned  subsidiary of Waterloo Wheels, Inc.  The Company is inactive with
no  significant  operations  and  is  seeking to merge or acquire in interest in
business  opportunities.  Waterloo Wheels, Inc. was incorporated on June 2, 1986
under  the laws of British Columbia.  In June 1995, the shareholders of Waterloo
Wheels,  Inc. exchanged all their outstanding stock for shares of the Company on
a  share for share basis.  In June 1995, the Company completed a merger with Ken
Venturi  Golf  Training  Center, Inc.  Effective with the merger, all previously
outstanding  common  stock  of  Ken  Venturi Golf Center, Inc. was exchanged for
4,000,000  shares  of  the  Company's  common  stock.  Immediately following the
merger,  the  Company  changed  its  name  to  Ken  Venturi  Golf,  Inc.

In  November  1997,  the  Company  changed  its  name to Transcontinental Waste,
Industries.  In  April  1999,  the  Company  changed its name to Financial Depot
Online,  Inc.  In August 1999 the Company changed its name to Para Mas Internet,
Inc.

The  Company  has  generated  no  sales  revenues, has incurred expenses and has
sustained  losses.  Consequently,  its  operations  are subject to all the risks
inherent in the establishment of a new business enterprise.  For the period from
inception  through  June  30,  2002  the Company has an accumulated deficit of $
1,966,496.

LIQUIDITY

 The  Company is inactive with no significant operations and is seeking to merge
or  acquire  in  interest  in  business opportunities.  To date, the Company has
incurred  expenses  and  has  sustained  losses.  As  shown  in the accompanying
financial  statements,  the Company incurred a net loss of  $ 419,800 during the
year ended June 30, 2002. The Company's current liabilities exceeded its current
assets  by  $  36,069.

ADVERTISING

The  Company  will  recognize  advertising  expenses in accordance with SOP 93-7
"Reporting  on  Advertising  Costs." The Company did not incur advertising costs
during  the  years  ended  June  30,  2002  and  2001.

INCOME  TAXES

Income  taxes are provided based on the liability method for financial reporting
purposes  in accordance with the provisions of Statements of Financial Standards
No.  109,  "Accounting for Income Taxes".  Under this method deferred tax assets
and  liabilities  are recognized for the future tax consequences attributable to
differences  between the financial statement carrying amounts of existing assets
and  liabilities  are  measured  using  enacted  tax  rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be  removed  or settled.  The effect on deferred tax assets and liabilities of a
change  in  tax rates is recognized in the statement of operations in the period
that  includes  the  enactment  date.


                                       F-8

<PAGE>

                            PARA MAS, INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001


NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

CASH  EQUIVALENTS

For  purposes  of the Statements of Cash Flows, the Company considers all highly
liquid  debt  instruments purchased with a maturity date of three months or less
to  be  cash  equivalents.

PROPERTY  AND  EQUIPMENT

For  financial  statement  purposes,  property and equipment will be depreciated
using  straight-line  method  over  their estimated useful lives (five years for
furniture, fixtures and equipment).  The straight-line method of depreciation is
also  used  for  tax  purposes.

CONCENTRATIONS  OF  CREDIT  RISK

Financial  instruments  and related items, which potentially subject the Company
to  concentrations  of  credit risk, consist primarily of cash, cash equivalents
and  trade  receivables.  The  Company  places  its  cash  and  temporary  cash
investments  with  high credit quality institutions.  At times, such investments
may  be  in  excess  of  the  FDIC  insurance  limit.


USE  OF  ESTIMATES

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  certain  reported  amounts  and disclosures.  Accordingly actual results
could  differ  from  those  estimates.


LONG-LIVED  ASSETS

The  Company  has  adopted  Statement  of Financial Accounting Standards No. 144
(SFAS  144).  The  Statement  requires  that  long-lived  assets  and  certain
identifiable intangibles held and used by the Company be reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of
an  asset  may not be recoverable. Events relating to recoverability may include
significant  unfavorable  changes in business conditions, recurring losses, or a
forecasted  inability  to  achieve break-even operating results over an extended
period.  The  Company  evaluates  the  recoverability of long-lived assets based
upon  forecasted  undercounted  cash  flows.  Should  an  impairment in value be
indicated,  the  carrying  value of intangible assets will be adjusted, based on
estimates  of  future  discounted cash flows resulting from the use and ultimate
disposition  of  the asset.  SFAS No. 144 also requires assets to be disposed of
be  reported at the lower of the carrying amount or the fair value less costs to
sell.

                                       F-9


<PAGE>


                            PARA MAS, INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001


NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)


COMPREHENSIVE  INCOME

The  Company  does  not  have  any  items  of comprehensive income in any of the
periods  presented.

NET  LOSS  PER  SHARE

The  Company  has  adopted  Statement of Financial Accounting Standards No. 128,
"Earnings  Per  Share,"  specifying the computation, presentation and disclosure
requirements of earnings per share information.  Basic earnings (loss) per share
has  been  calculated  based  upon  the weighted average number of common shares
outstanding.  Stock  options  and  warrants  will  be  excluded  as common stock
equivalents  in  the  diluted  earnings  per  share  because  they  are  either
antidilutive,  or  their  effect  is  not  material.

FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS

The  carrying values of cash and cash equivalents, accounts receivable, accounts
payable  and accrued expenses approximate fair value due to the relatively short
maturity  of  these  instruments

SEGMENT  INFORMATION

The  Company  adopted  Statement  of  Financial  Accounting  Standards  No. 131,
Disclosures about Segments of an Enterprise and Related Information ("SFAS 131")
in  the  year ended December 31, 1998. SAFAS establishes standards for reporting
information  regarding  operating  segments  in  annual financial statements and
requires  selected  information  for  those  segments to be presented in interim
financial  reports  issued  to stockholders. SFAS 131 also establishes standards
for  related  disclosures  about  products  and  services  and geographic areas.
Operating  segments  are  identified  as components of an enterprise about which
separate discrete financial information is available for evaluation by the chief
operating  decision  maker, or decision making group, in making decisions how to
allocate  resources  and  assess  performance. The information disclosed herein,
materially  represents all of the financial information related to the Company's
principal  operating  segment.



RECLASSIFICATIONS

Certain reclassifications have been made in prior years' financial statements to
conform  to  classifications  in  the  current  year.

                                      F-10


<PAGE>
                             PARA MAS, INTERNET, INC.
                         NOTES TO  FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001


NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)


STOCK  BASED  COMPENSATION

In  December  2002,  the FASB issued Statement of Financial Accounting Standards
No.  148  ("SFAS  No. 148"), "Accounting for Stock-Based Compensation-Transition
and  Disclosure-an  amendment  of SFAS 123." This statement amends SFAS No. 123,
"Accounting  for  Stock-Based  Compensation,"  to provide alternative methods of
transition  for  a voluntary charge to the fair value based method of accounting
for  stock-based  employee  compensation. In addition, this statement amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual  and  interim  financial  statements  about  the method of accounting for
stock-based  employee compensation and the effect of the method used on reported
results.  The  Company  has  chosen  to  continue  to  account  for  stock-based
compensation  using  the intrinsic value method prescribed in APB Opinion No. 25
and related interpretations. Accordingly, compensation expense for stock options
is  measured  as  the  excess, if any, of the fair market value of the Company's
stock  at  the  date of the grant over the exercise price of the related option.
The  Company has adopted the annual disclosure provisions of SFAS No. 148 in its
financial  reports  for  the year ended June 30, 2003 and will adopt the interim
disclosure  provisions for its financial reports for the quarter ended September
30,  2003.


FOREIGN  CURRENCY  TRANSLATION

The Company translates the foreign currency financial statements of its Canadian
subsidiary  in  accordance  with  the  requirements  of  Statement  of Financial
Accounting  Standards  No.  52,  "Foreign  Currency  Translation."  Assets  and
liabilities  are  translated  at current exchange rates, and related revenue and
expenses  are  translated at average exchange rates in effect during the period.
Resulting  translation  adjustments  are  recorded  as  a  separate component in
stockholders'  equity.  Foreign  currency  transaction  gains  and  losses  are
included  in  the  statement  of  income.

NEW  ACCOUNTING  PRONOUNCEMENTS

In  July  2001, the Financial Accounting Standards Board (FASB) issued Statement
of  Financial  Accounting  Standards  No. 141, "Business Combinations" (SFAS No.
141),  and  Statement  of  Financial Accounting Standards No. 142, "Goodwill and
Other  Intangible  Assets"  (SFAS  No.  142).  The FASB also issued Statement of
Financial  Accounting  Standards No. 143, "Accounting for Obligations Associated
with  the  Retirement  of  Long-Lived  Assets"  (SFAS No. 143), and Statement of
Financial  Accounting  Standards  No.  144,  "Accounting  for  the Impairment or
Disposal  of  Long-Lived  Assets"  (SFAS  No.  144)  in August and October 2001,
respectively.

                                      F-11



<PAGE>

                            PARA MAS, INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001


NOTE  A  -  SUMMARY  OF  ACCOUNTING  POLICIES  (CONTINUED)

SFAS  No.  141  requires  the  purchase  method  of  accounting  for  business
combinations  initiated  after  June  30,  2001  and  eliminates  the
pooling-of-interest  method. The adoption of SFAS No. 141 had no material impact
on  the  Company's  consolidated  financial  statements.

Effective  January  1,  2002,  the  Company  adopted SFAS No. 142. Under the new
rules,  the Company will no longer amortize goodwill and other intangible assets
with  indefinite  lives, but such assets will be subject to periodic testing for
impairment.  On  an annual basis, and when there is reason to suspect that their
values  have  been  diminished  or  impaired,  these  assets  must be tested for
impairment,  and  write-downs  to  be included in results from operations may be
necessary.  SFAS  No.  142  also requires the Company to complete a transitional
goodwill  impairment  test  six  months  from  the  date  of  adoption.

NOTE  B-CAPITAL  STOCK

In  November,  1997,  the Company approved, by unanimous consent of its Board of
Directors,  to  amend  the  Company's  articles of incorporation to increase the
number  of  shares  of  common  stock, par value $.001 per share from 25,000,000
shares to 100,000,000 shares and to create 10,000,000 shares of preferred stock,
par  value  $.001  per  share.

In  May  1998,  the  Company  issued  60,000  shares  of  Series B 7% Cumulative
Redeemable  Convertible  Preferred  Stock  ("Preferred  Shares") in exchange for
legal  services  rendered  to  the Company . Holders of the Preferred Shares are
entitled  to  receive  cumulative  cash  dividends  at the annual rate of 7% per
annum,  or  $.07  per  share, payable quarterly. The dividends may be payable in
cash or through a dividend of additional shares of Preferred Shares. The Company
has  accrued  the  unpaid   $  4,200  Series  B Preferred Stock dividend to  the
holders  of  the Preferred Shares during the years ended June 30, 2002 and 2001,
respectively.  The  aggregate unpaid Series B Preferred Stock dividends  at June
30,  2002  is  $16,800  (see  Note  I)

The  Preferred Shares rank senior to the common stock. The Preferred Shares have
a  liquidation  preference  of  $  1.00  per share plus any and all declared and
unpaid  dividends.

The Preferred Shares are convertible, in whole or in part , at the option of the
holders  thereof, into shares of common stock at  amount equal to the  Company's
average  closing  bid  price  of  the  common  stock for thirty days immediately
preceding  the  conversion  divided  by  the liquidation preference of $1.00 per
share.

The Company may, at its option, convert the Preferred Shares  into the Company's
common  stock  by  dividing  the  average  closing price of the Company's common
stock  over  a twenty (20) day period by the liquidation preference of $1.00 per
share.  In  order  to  exercise  this option, the average price of the Company's
common  stock  must  be  at  least  $1.50  per  share.

In  July  2001,  the  Company issued a total of 4,166,667 shares of common stock
in  exchange for exercised options with an exercise price of $.03 per share (see
Note  C).

                                      F-12

<PAGE>


                            PARA MAS, INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE YEARS ENDED JUNE 30, 2002 AND JUNE 30, 2001


NOTE  C-  STOCK  OPTIONS

The  following  table  summarizes  the  changes  in  options outstanding and the
related  prices  for  the  shares  of  the  Company's common stock issued to the
Company consultants. These options were granted in lieu of cash compensation for
services  performed.
<TABLE>
<CAPTION>

                   Options Outstanding     Options Exercisable
                   -------------------     -------------------

                                                 Weighed                Weighted
                           Weighted Average      Average                 Average
Exercise     Number     Remaining Contractual   Exercise     Number     Exercise
---------                                       ---------               ---------
Prices     Outstanding       Life (Years)         Price    Exercisable    Price
---------  -----------  ----------------------  ---------  -----------  ---------
<S>        <C>          <C>                     <C>        <C>          <C>
$       -            -                       -  $       -            -  $       -

</TABLE>




Transactions  involving  options  issued  to  non-employees  are  summarized  as
follows:
<TABLE>
<CAPTION>

                              Number of Shares   Weighted Average Price Per Share
                              -----------------  ---------------------------------
<S>                           <C>                <C>
Outstanding at July 1, 2000.                 -   $                               -
   Granted . . . . . . . . .                 -                                   -
   Exercised . . . . . . . .                 -                                   -
   Canceled or expired . . .                 -                                   -
                              -----------------  ---------------------------------
Outstanding at June 30, 2001                 -                                   -
   Granted . . . . . . . . .         4,166,667                                0.03
   Exercised . . . . . . . .        (4,166,667)                               0.03
   Canceled or expired . . .                 -                                   -
                              -----------------  ---------------------------------
Outstanding at June 30, 2002                 -   $                               -
                              =================  =================================
</TABLE>



The  estimated  value of the options granted to consultants was determined using
the  Black-Scholes  option  pricing  model  and  the  following  assumptions:
contractual  term  of 3.3 months, a risk free interest rate of 4.0 %, a dividend
yield  of  0%  and  volatility  of  50%.  The  amount  of the expense charged to
operations  in  connection  with granting the options was $ 293,750 during 2002.




NOTE  D-NOTES  PAYABLE

Notes  payable  consist  of  the  following  as  of  June  30,  2002


7%  Note  payable;  unsecured  and  in  default               $  15,000
                                                    ===================

Accrued  and  unpaid  interest in connection with the note payable is $ 4,269 at
June  30,  2002  (see  Note  I).

                                      F-13


<PAGE>


                             PARA MAS INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2002 AND 2001


NOTE  E-INCOME  TAXES

The Company has adopted Financial Accounting Standard number 109, which requires
the  recognition  of deferred tax liabilities and assets for the expected future
tax consequences of events that have been included in the financial statement or
tax  returns.  Under  this  method,  deferred  tax  liabilities  and  assets are
determined based on the difference between financial statements and tax basis of
assets  and  liabilities using enacted tax rates in effect for the year in which
the  differences are expected to reverse.  Temporary differences between taxable
income  reported  for  financial  reporting purposes and income tax purposes are
insignificant.

For  income tax reporting purposes, the Company's aggregate unused net operating
losses  approximate             $  1,900,000, expiring in the year 2021 that may
be  used  to offset future taxable income.  The Company has provided a valuation
reserve  against the full amount of the net operating loss benefit, since in the
opinion of management based upon the earnings history of the Company, it is more
likely  than  not  that  the  benefits will not be realized.  Due to significant
changes in the Company's ownership, the Company's future use of its existing net
operating  losses  may  be  limited.

Components  of  deferred  tax  assets  as  of  June  30,  2002  are  as follows:

Non-Current:
     Net  operating  loss  carry  forward     $  660,000
     Valuation  allowance                       (660,000)
                                             -----------
     Net  deferred  tax  asset            $            0
                                          ==============



NOTE  F-LOSSES  PER  COMMON  SHARE

The  following  table  presents  the  computation  of basic and diluted loss per
<TABLE>
<CAPTION>



                                                2002          2001
                                            ------------  ------------
<S>                                         <C>           <C>
Net loss available for common shareholders  $  (424,000)  $    (5,250)
Basic and fully diluted loss per share . .  $     ( .00)  $     ( .00)
                                            ============  ============
Weighted average common shares outstanding   48,120,782    44,127,695
                                            ============  ============

</TABLE>
share:


Net  loss per share is based upon the weighted average of shares of common stock
outstanding.

NOTE  G-RELATED  PARTY  TRANSACTIONS

The Company's majority shareholder is International Bible Games, Inc. ("IBG"), a
company  formed under the laws of British Columbia, Canada. IBG has paid certain
nominal  costs  of maintaining the Company's corporate status. The amount of the
costs  incurred are not material to the  Company's financial statements taken as
a  whole.

                                      F-14

<PAGE>


                             PARA MAS INTERNET, INC.
                          NOTES TO FINANCIAL STATEMENTS
                             JUNE 30, 2002 AND 2001


NOTE  H  -  GOING  CONCERN  MATTERS

The  accompanying  statements have been prepared on a going concern basis, which
contemplates  the  realization  of assets and the satisfaction of liabilities in
the  normal  course  of business. As shown in the financial statements, from its
inception  the  Company  has  incurred  loses  of $ 1,966,496. This factor among
others  may  indicate  that  the  Company  will be unable to continue as a going
concern  for  a  reasonable period of time. The Company's existence is dependent
upon  management's  ability  to  develop  profitable operations and resolve it's
liquidity  problems.  The  accompanying  financial statements do not include any
adjustments  that  might  result  should  the Company be unable to continue as a
going  concern.

 In  order  to  improve the Company's liquidity, the Company is actively pursing
additional  equity  financing  through  discussions  with investment bankers and
private  investors.  There can be no assurance the Company will be successful in
its  effort  to  secure  additional  equity financing. If cash flows continue to
improve through these efforts, management believes that the Company can continue
to  operate.  However,  no assurance can be given that management's actions will
result  in  the  resolution  of  its  liquidity  problems.

NOTE  I  -  SUBSEQUENT  EVENT

Subsequent  to the date of the financial statements, the Company entered into an
Agreement  of  Plan  and  Tender Offer ("Agreement") which provides for a tender
offer  of  100%  of  the  issued  and  outstanding shares of Amerigroup, Inc., a
company  formed under the laws of the state of Nevada, in which the Company will
issue  one  share  of its common stock for each share of Amerigroup, Inc. common
stock  tendered. The Company  will also issue approximately 10,042,105 shares of
its  common stock to IBG shareholders and IBG creditors (see Note F) in exchange
for  releases  of  claims  against  IBG.

Subsequent  to the date of the financial statements, the Company entered into an
Agreement  and Release ("Release") with the holder of the Company's $15,000 note
payable,  together with accrued and unpaid interest (see Note D) in exchange for
60,000  shares  of  the  Company's  restricted  common  stock.

Subsequent  to  the date of the financial statements, the Company entered into a
Share  Exchange Agreement  ("Exchange") with the holder of  60,000 shares of the
Company's  preferred  stock  (see  Note B) in exchange for 240,000 shares of the
Company's  restricted  common  stock.

                                      F-15

<PAGE>
------
ITEM  13(B)  EXHIBITS
---------------------

       2.1     Agreement  and  Plan  of  Tender  Offer (1)
      99.1     Certification  by  CEO  and  CFO pursuant to 18 U.S.C. Section
               1350, as adopted  pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act  of  2002.

(1)  Filed on October 16, 2003, as an exhibit to the Companys annual report on
     Form 10-KSB for the fiscal year ended June 30, 2001.

ITEM  13(C)  REPORTS  ON  FORM  8-K
-----------------------------------

There  were  no  reports on Form 8-K filed during the last quarter of the fiscal
year  covered  by  this  report.

ITEM  14.  CONTROLS  AND  PROCEDURES.

As  required  by  Rule  13a-14  under  the  Securities Exchange Act of 1934 (the
"Exchange Act"), we carried out an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures within the 90 days prior
to  the  filing  date of this report.  This evaluation was carried out under the
supervision  and with the participation of our Chief Executive Officer and Chief
Financial  Officer,  Don  McFadyen.  Based  upon  that  evaluation,  our  Chief
Executive  Officer  and  Chief  Financial  Officer concluded that our disclosure
controls  and procedures are effective in timely alerting management to material
information  relating to us which is required to be included in our periodic SEC
filings.  There  have been no significant changes in our internal controls or in
other  factors  that  could significantly affect internal controls subsequent to
the  date  we  carried  out  our  evaluation.

Disclosure  controls  and  procedures are controls and other procedures that are
designed  to  ensure that information required to be disclosed our reports filed
or  submitted  under  the  Exchange  Act  is recorded, processed, summarized and
reported,  within  the  time  periods  specified  in the Securities and Exchange
Commission's  rules  and  forms.  Disclosure  controls  and  procedures include,
without  limitation, controls and procedures designed to ensure that information
required  to  be  disclosed  in  our  reports  filed  under  the Exchange Act is
accumulated  and  communicated  to  management,  including  our  Chief Executive
Officer  and  Chief  Financial  Officer,  to  allow  timely  decisions regarding
required  disclosure.

                                      -12-
<PAGE>

                                    SIGNATURES


In  accordance  with  Section  13  or  15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Para  Mas  Internet  Inc.

        /s/ Don McFadyen
By:  _______________________________________
       Don  McFadyen,  CEO

Date:  October 15,  2003

In  accordance  with  the  Securities  Exchange Act, this report has been signed
below by the following persons on behalf of the registrant and in the capacities
and  on  the  dates  indicated.


/s/  Don McFadyen
____________________________________________
Don  McFadyen
Director
Principal  Executive  Officer
Principal  Financial  Officer
Principal  Accounting  Officer
Date:  October 15,  2003


/s/ Mary Wiens
_____________________________________________
Mary  Wiens
Director
Date:  October 15, 2003

                                    -13-

<PAGE>

        CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES
         EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE
                           SARBANES-OXLEY ACT OF 2002


I, Don McFadyen, the principal executive officer and principal financial officer
of  Para  Mas  Internet,  Inc.  (the  "Registrant")  certify  that;

(1)     I  have  reviewed this annual report on Form10-KSB of Para Mas Internet,
Inc.;

(2)     Based  on  my  knowledge, this annual report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not  misleading  with  respect to the period covered by this annual
report;

(3)     Based  on  my  knowledge,  the financial statements, and other financial
information  included  in  this  annual  report,  fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Registrant  as  of,  and  for,  the  periods  presented  in  this annual report;

(4)     The  Registrant's  other  certifying  officers and I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  Registrant  and  have:

a)     designed  such disclosure controls and procedures to ensure that material
information relating to the Registrant, including its consolidated subsidiaries,
is  made  known  to  us by others within those entities, particularly during the
period  in  which  this  annual  report  is  being  prepared;

b)     evaluated  the  effectiveness of the Registrant's disclosure controls and
procedures  as  of a date within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and

c)     presented  in  this annual report our conclusions about the effectiveness
of  the  disclosure  controls  and  procedures based on our evaluation as of the
Evaluation  Date;

(5)     The  Registrant's  other certifying officers and I have disclosed, based
on  our  most  recent  evaluation,  to  the  Registrant's auditors and the audit
committee  of  Registrant's  board  of  directors  (or  persons  performing  the
equivalent  functions):

a)     all  significant  deficiencies  in  the  design  or operation of internal
controls  which  could  adversely  affect  the  Registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
Registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

b)     any  fraud,  whether  or  not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

                                    -14-

<PAGE>

(6)     The  Registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or  in  other facts that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard  to  significant  deficiencies  and  material  weaknesses.


Date:   October 15, 2003

/s/ Don McFadyen
_______________________________
Don  McFadyen
Principal  Executive  Officer
Principal  Financial  Officer