U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-KSB

[X] Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act
of 1934 for the fiscal year ended December 31, 2001, or

[ ] 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. 000-29123

                               EDLAM ACQUISITION CORPORATION
              (Exact name of small business issuer as specified in its charter)

                 Nevada                                87-0644409
    (State or other jurisdiction of          (IRS Employer Identification No.)
     incorporation or organization)

                       613 Chase Drive, Tyler, Texas 75771

Issuer's Telephone Number:  (903) 581-2040

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

Securities  registered  under Section 12(g) of the Act: common stock,  $.001 par
value.

Check whether the issuer (1) filed all reports  required to be filed by sections
13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such  shorter
period  that the issuer 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 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 ]

The Registrant's revenues for its most recent fiscal year:  $0

The aggregate market value of voting stock held by non-affiliates:  $0

As of April 16, 2002, the Registrant  had  outstanding  161,000 shares of common
stock, par value $0.001.

Documents incorporated by reference:  None.


<PAGE>


                                TABLE OF CONTENTS

ITEM NUMBER AND CAPTION                                                   Page

Part I

1.    Description of Business                                             3

2.    Description of Property                                             6

3.    Legal Proceedings                                                   6

4.    Submission of Matters to a Vote of Security Holders                 6

Part II

5.    Market for Common Equity and Related Stockholder Matters            6

6.    Management's Discussion and Analysis or Plan of Operation           7

7.    Financial Statements                                                8

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

Part III

9.    Directors, Executive Officers, Promoters and Control                8
      Persons; Compliance with Section 16(a) of the Exchange Act

10.   Executive Compensation                                              9

11.   Security Ownership of Certain Beneficial Owners and Management      10

12.   Certain Relationships and Related Transactions                      11

13.   Exhibits and Reports on Form 8-K                                    12

Signatures                                                                13


                                       2
<PAGE>


                                     PART I

                         ITEM 1. DESCRIPTION OF BUSINESS

History

     Edlam  Acquisition  Corporation was incorporated on December 23, 1999 under
the laws of the state of Nevada.  On January 18, 2001, we issued  110,000 shares
of common stock to Triden Telecom,  Inc., a Nevada  corporation  ("Triden"),  in
exchange for $55,151 cash.  Concurrently  with the stock sale, we entered into a
Stock  Exchange  Agreement  with  Digitec  Information  Systems,  Inc.,  a Texas
corporation  ("Digitec"),  whereby we issued  17,500  shares of common  stock to
James M. Roberts, Digitec's sole shareholder, in exchange for Mr. Roberts' 1,000
shares of Digitec  common  stock.  Consequently,  Digitec  became a wholly owned
subsidiary of Edlam, and Edlam is a majority owned subsidiary of Triden.

     In July  2001,  Edlam and James M.  Roberts  mutually  rescinded  the Stock
Exchange  Agreement  whereby Edlam acquired  Digitec.  Consequently,  the 17,500
shares issued in the acquisition  were returned to Edlam and cancelled,  and all
agreements  between  Edlam  and  Mr.  Roberts  were  terminated.  Prior  to  the
rescission  Edlam advanced to Digitec $9,527 for  operations.  Edlam has pursued
repayment of this amount, but has yet to be able to recover the advances.

     Edlam has not engaged in any active business  operations since it rescinded
the Digitec transaction. Our current operating plan is to engage in the business
of reselling of  telecommunications  systems and services,  including,  business
phone systems,  cellular service and equipment,  paging, and video conferencing,
but we have yet to implement this business. Edlam currently has no commitment or
arrangement  to  participate  in a  business  and may  pursue  participation  in
businesses  that have no  relation to  telecommunications.  The  following  is a
discussion  of how we intend to proceed with the search for,  and  participation
in, a business venture.

Selection of a Business

     Edlam anticipates that businesses for possible acquisition will be referred
by various sources, including its officers and directors, professional advisors,
securities  broker-dealers,   venture  capitalists,  members  of  the  financial
community,  and others who may present unsolicited proposals. We will not engage
in any general solicitation or advertising for a business opportunity,  and will
rely on personal contacts of our officers and directors and their affiliates, as
well as indirect  associations  between them and other business and professional
people.  By  relying  on "word of  mouth",  we may be  limited  in the number of
potential  acquisitions we can identify.  While it is not presently  anticipated
that Edlam will engage unaffiliated  professional firms specializing in business
acquisitions or reorganizations,  such firms may be retained if management deems
it in the best interest of Edlam.

     Compensation  to a finder or  business  acquisition  firm may take  various
forms,  including  one-time  cash  payments,  payments  based on a percentage of
revenues or product  sales  volume,  payments  involving  issuance of securities
(including  those of Edlam),  or any combination of these or other  compensation
arrangements.  Consequently,  we are  currently  unable to  predict  the cost of
utilizing such services.

     Edlam is seeking to  participate  in a business  in the  telecommunications
industry, but may expand its search to other industries, and management reserves
the right to evaluate and enter into any type of business in any location. Edlam
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

                                       3
<PAGE>

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 unproved and cannot be predicted accurately. If we participate in a more
established firm with existing financial  problems,  it may be subjected to risk
because our financial  resources 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 Edlam.

     The  analysis  of  new  businesses  will  be  undertaken  by or  under  the
supervision of the officers and directors.  In analyzing prospective businesses,
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 growth and  expansion;  the  potential  for profit;  the perceived
public  recognition  or  acceptance of products,  services,  or trade or service
marks; name identification; and other relevant factors.

     The  decision  to  participate  in a  specific  business  may be  based  on
management's  analysis  of  the  quality  of the  other  firm's  management  and
personnel, the anticipated  acceptability of new products or marketing concepts,
the merit of technological  changes,  and other factors which are difficult,  if
not  impossible,  to analyze through any objective  criteria.  It is anticipated
that the  results  of  operations  of a  specific  firm may not  necessarily  be
indicative  of the  potential  for the  future  because  of the  requirement  to
substantially shift marketing approaches,  expand significantly,  change product
emphasis, change or substantially augment management, and other factors.

     Edlam will analyze all available factors and make a determination  based on
a composite of  available  facts,  without  reliance on any single  factor.  The
period within which Edlam may  participate in a business cannot be predicted and
will depend on circumstances beyond Edlam's control,  including the availability
of  businesses,  the time required for Edlam to complete its  investigation  and
analysis of  prospective  businesses,  the time required to prepare  appropriate
documents  and  agreements  providing  for  Edlam's  participation,   and  other
circumstances.

Acquisition of a Business

     In implementing a structure for a particular  business  acquisition,  Edlam
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 now be
predicted.  Notwithstanding  the  above,  we do not intend to  participate  in a
business through the purchase of minority stock positions.

     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,  we 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 that registration of securities by Edlam in these
circumstances  would  entail  substantial  expense  to Edlam.  The  issuance  of

                                       4
<PAGE>

substantial  additional  securities  and their  potential  sale into any trading
market that may develop in our securities  may have a depressive  effect on such
market.

     While  the  actual  terms of a  transaction  to which  Edlam may be a party
cannot be  predicted,  under certain  circumstances  the parties to the business
transaction  may find it desirable to structure the  acquisition  as a so-called
"tax-free"  event under  sections 351 or 368(a) of the Internal  Revenue Code of
1986, (the "Code").  In order to obtain tax-free  treatment under section 351 of
the Code, it would be necessary  for the owners of the acquired  business to own
80 percent or more of the voting stock of the surviving  entity.  In such event,
the  shareholders  of Edlam would  retain less than 20 percent of the issued and
outstanding  shares  of the  surviving  entity.  Section  368(a)(1)  of the Code
provides for  tax-free  treatment of certain  business  reorganizations  between
corporate  entities  where  one  corporation  is  merged  with or  acquires  the
securities  or assets  of  another  corporation.  Generally,  Edlam  will be the
acquiring corporation in such a business reorganization, and the tax-free status
of the  transaction  will not depend on the issuance of any  specific  amount of
Edlam's voting securities.

     Notwithstanding  the fact that Edlam is technically the acquiring entity in
the  foregoing  circumstances,  generally  accepted  accounting  principles  may
require that such  transaction be accounted for as if Edlam had been acquired by
the other entity owning the business and, therefore,  will not permit a write-up
in the carrying value of the assets of the other company.

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

     Edlam  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

     Edlam's operation following its acquisition of a business will be dependent
on the  nature of the  business  and the  interest  acquired.  We are  unable to
predict  whether  Edlam will be in control of the  business  or whether  present
management  will be in control of Edlam  following  the  acquisition.  It may be
expected that the business will present various risks, which cannot be predicted
at the present time.

Governmental Regulation

     It is impossible  to predict the  government  regulation,  if any, to which
Edlam may be subject until it has acquired an interest in a business. The use of
assets  and/or  conduct of  businesses  that we may acquire  could subject us 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 endeavor to ascertain, to the extent of the
limited  resources of Edlam,  the effects of such  government  regulation on the
prospective business. 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 a  prospective
business  activity will make the  acquisition  of an interest in such business a
higher risk.

                                       5
<PAGE>

Competition

     Edlam will be involved in intense competition with other business entities,
many of which  will  have a  competitive  edge  over  Edlam by  virtue  of their
stronger financial resources and prior experience in business.

Employees

     Edlam is a development stage company and currently has no employees,  other
than its two executive officers. Management of Edlam expects to use consultants,
attorneys,  and  accountants  as  necessary,  and does not  anticipate a need to
engage  any  additional  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

     We have no corporate  office  space under lease at this time.  We currently
operate  out of space  provided by Robert S. Hardy,  an  officer,  director  and
principal  shareholder,  at 613  Chase  Drive,  Tyler,  Texas  75771.  The costs
associated with the use of the telephone and mailing address are deemed by us to
be immaterial,  as the telephone and mailing address are used almost entirely by
our officer for other business purposes.  Mr. Hardy is under no legal obligation
to provide rent-free office space to Edlam, and we do not pay rent to Mr. Hardy.

                           ITEM 3. LEGAL PROCEEDINGS

     Edlam is not currently a party to any material  pending legal  proceedings,
and to the best of its knowledge, no such proceedings have been threatened.

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

     In October 2001, the  stockholders  of Edlam  approved by written  majority
consent a 100-to-1 reverse stock split in the issued and outstanding shares.

                                     PART II

        ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     There has not been a public  trading  market for Edlam's common stock since
its  inception,  nor is there any assurance that a trading market for the common
stock will be established in the future.

     At April 16, 2001,  there were  approximately 11 holders of Edlam's 161,000
shares of issued and outstanding common stock, $0.001 par value. All outstanding
shares are restricted.

     Edlam has not paid,  nor declared,  any  dividends  since its inception and
does not intend to declare any such  dividends in the  foreseeable  future.  Our
ability to pay dividends is subject to limitations  imposed by Nevada law. Under
Nevada law,  dividends may be paid to the extent that the  corporation's  assets
exceed its liabilities and it is able to pay its debts as they become due in the
usual course of business.


                                       6
<PAGE>


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

Years Ended December 31, 2001 and 2000

     Edlam generated no revenue from operations for the last two years.  General
and  administrative  expenses  were  $243,196  in 2001 and  $1,605 in 2000.  The
substantial  increase in such expenses is attributable  primarily to accrued and
unpaid salary to executive officers in the amount of $133,610,  and the value of
compensation paid to executive  officers in the form of stock and options valued
at $67,000.

     Due to the  foregoing,  Edlam  realized  a net  loss of  $243,384  in 2001,
compared to $1,605 in 2000. Edlam does not expect to generate any revenue unless
and until it acquires an interest in an operating company.

Liquidity and Capital Resources

     At December 31, 2001, Edlam had no cash, a receivable from related party of
$5,357, and $146,745 in current  liabilities giving us a working capital deficit
of $141,388.  The receivable  from related party arose from advances of personal
expenses  made by Edlam for the  benefit  of Robert S.  Hardy,  an  officer  and
director,  which is  represented  by a note bearing  interest at six percent per
annum  payable in monthly  installments  of $461  commencing  in June 2002.  Our
current liabilities  include a note payable to Triden Telecom,  Inc., our parent
corporation,  in the amount of $5,000 bearing  interest at six percent per annum
due in  September  2002,  and  accrued  compensation  expense  to our  executive
officers in the amount of $133,610. In 2001 the board of directors also approved
a line of credit in the amount of $150,000 to officers  and  directors of Edlam,
but no funds have been advanced under this line of credit.

     Edlam does not have sufficient  cash to meet its operational  needs for the
next twelve months.  Management will attempt to raise additional capital through
advances from related parties, debt financing, equity financing or a combination
of financing options.  Currently,  there are no  understandings,  commitments or
agreements  for such an infusion of capital and there be no  assurances  to that
effect. Unless Edlam can obtain additional financing, its ability to continue as
a going concern is doubtful. Our need for capital may change dramatically if and
during that period, it acquires an interest in a business opportunity.

     Edlam's  current  operating  plan  is  to  handle  the  administrative  and
reporting requirements of a public company, and search for potential businesses,
products,  technologies and companies for acquisition.  At present, Edlam has no
understandings, commitments or agreements with respect to the acquisition of any
business  venture,  and there can be no  assurance  that Edlam  will  identify a
business venture suitable for acquisition in the future.  Further,  there can be
no assurance that Edlam would be successful in  consummating  any acquisition on
favorable  terms  or that it will be  able to  profitably  manage  any  business
venture it acquires.

Forward-Looking Statements

     When used in this report, the words "may," "will," "expect,"  "anticipate,"
"continue,"   "estimate,"  "project,"  "intend,"  and  similar  expressions  are
intended to identify  forward-looking  statements regarding events,  conditions,
and  financial  trends  that may  affect  Edlam's  future  plans of  operations,
business strategy,  operating results, and financial position. Persons reviewing
this report are cautioned that any forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties and that actual
results may differ  materially  from those included  within the  forward-looking
statements as a result of various factors.  Such factors are discussed under the
headings "Item 1. Description of Business," and "Item 6. Management's Discussion

                                       7
<PAGE>

and Analysis or Plan of Operations,"  and also include general  economic factors
and conditions that may directly or indirectly impact our financial condition or
results of operations.

                          ITEM 7. FINANCIAL STATEMENTS

     The  financial  statements  of  Edlam  appear  at the  end of  this  report
beginning with the Index to Financial Statements on page 14.

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

      None.

                                    PART III

      ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
              AND COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

Directors and Officers

     The following table sets forth the name, age, position, and term of officer
for our officers and directors.

Name               Age   Positions                                Since

Robert S. Hardy    42    President, Chief Executive Office and    January 2001
                         Director

Holly V. Grant     28    Chief Financial Officer and Director     March 2001


     All directors hold office until the next annual meeting of  stockholders or
until their  successors  are duly elected and  qualified.  Officers serve at the
discretion of the Board of Directors.

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

     Robert S.  Hardy.  During the past five  years Mr.  Hardy has served as the
president,  chief executive  officer and a director of Triden  Telecom,  Inc., a
publicly held corporation seeking business ventures in which to participate.

     Holly V. Grant.  Ms. Grant  attended the University of Texas at Tyler where
she  majored  in  Finance.  From May of 1999 to  August of 2000,  Ms.  Grant was
employed  as a financial  advisor  for Morgan  Stanley  Dean  Witter.  From 1994
through 1999,  Ms. Grant was a full time student at Tyler Junior College and the
University of Texas at Tyler.

Section 16(a) Beneficial Ownership ReportingCompliance

     Section 16(a) of the Securities  Exchange Act of 1934 requires officers and
directors  of Edlam and persons  who own more than ten  percent of a  registered
class of Edlam's  equity  securities to file reports of ownership and changes in
their ownership with the Securities and Exchange Commission,  and forward copies
of such filings to Edlam.  Based on the copies of filings received by us, during
the most recent fiscal year, the directors,  officers,  and beneficial owners of
more than ten percent of our equity securities registered pursuant to Section 12

                                       8
<PAGE>

of the Exchange Act, have filed on a timely basis,  all required Forms 3, 4, and
5 and any amendments thereto.

                         ITEM 10. EXECUTIVE COMPENSATION

Employment Arrangements

     In January  2001,  we entered into a five-year  employment  agreement  with
Robert S. Hardy and Holly V. Grant,  both  officers.  The material  terms of the
employment agreements are as follows.

     Robert S. Hardy,  President,  Chief Executive Officer and Director.  Annual
compensation to Mr. Hardy is $100,000,  which increases annually by 10% over the
prior year compensation  level. Mr. Hardy received 17,500 shares of common stock
as bonus for entering into the agreement, is entitled to receive a $200,000 cash
bonus in January  2002,  and  received an option to purchase  10,000  additional
shares of common  stock at an exercise  price of $1.00 per share that expires in
January 2006.

     Holly V. Grant, Chief Financial Officer and Director.  Annual  compensation
to Ms. Grant will be $25,000. Ms. Grant received 8,500 shares of common stock as
bonus for entering into the agreement,  and received an option to purchase 5,000
additional  shares of Edlam common stock at an exercise price of $1.00 per share
that expires in January 2006.

Annual Compensation

     During  fiscal  years 2000 and 1999,  no officer or director  received  any
compensation  for services  rendered to Edlam.  The table on the following  page
sets forth certain information  regarding the annual and long-term  compensation
for services in all capacities to Edlam for the prior fiscal year ended December
31,  2001,  for  each  of  the  executive  officers  at  the  end  of  the  year
(collectively, the "Named Executive Officers").

                                                              Long Term
                                    Annual Compensation     Compensation
                                                             Securities
                                                             Underlying
Name and Principal Position  Year  Salary ($)   Bonus($)   Options/SARs (#)
---------------------------  ----  ----------   --------   ----------------

Robert S. Hardy, President   2001   100,000     35,000          10,000
 and Chief Executive Officer

Holly V. Grant, Chief        2001    25,000     17,000           5,000
 Financial Officer

Stock Options

     The following table sets forth certain  information  with respect to grants
of stock options during 2001 to the Named Executive Officers.

                                       9
<PAGE>




                            Number of    % of Total
                            Securities   Options/SARs
                            Underlying    Granted to     Exercise or
Name and Principal           Options     Employees in    Base Price  Expiration
    Position                 Granted     Fiscal Year       ($/Sh)       Date
------------------------    ----------   ------------    ----------- ----------

Robert S. Hardy,              10,000        66.7           $1.00      01/2006
 President and Chief
 Executive Officer

Holly V. Grant, Chief          5,000        33.3           $1.00      01/2006
 Financial Officer

     The  following  table  sets  forth  certain  information  with  respect  to
unexercised options held by the Named Executive Officers. No outstanding options
held by the Named Executive Officers were exercised in 2001.
<TABLE>
<S>                               <C>                         <C>
                                    Number of Securities
                                   Underlying Unexercised       Value of Unexercised
                                          Options               In-the-Money Options
                                  at Fiscal YearEnd (#) (1)    At Fiscal Year End ($)
Name and Principal Position       Exercisable/Unexercisable   Exercisable/Unexercisable
-----------------------------     -------------------------   -------------------------

Robert S. Hardy,  President            1,000,000 / -0-               -0- / -0-
 and Chief Executive Officer

Holly V. Grant, Chief                   500,000 / -0-                -0- / -0-
 Financial Officer
</TABLE>
-------------------------------------------

(1) This value is  determined  on the basis of the  difference  between the fair
market value of the securities  underlying the options and the exercise price at
December 31, 2001. There has not been a public trading market for Edlam's common
stock since its  inception,  so the fair market value at December  31, 2001,  is
$0.00.

            ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
                                 AND MANAGEMENT

     The  following  table sets forth as of February  15,  2002,  the number and
percentage of the 161,000 shares of outstanding common stock which, according to
the information  supplied to Edlam, were  beneficially  owned by (i) each person
who is currently a director and nominee director,  (ii) each executive  officer,
(iii) all  current  directors  and  nominee  directors  as a group and (iv) each
person who, to the knowledge of Edlam,  is the beneficial  owner of more than 5%
of the  outstanding  common stock.  Except as otherwise  indicated,  the persons
named in the table have sole voting and  dispositive  power with  respect to all
shares beneficially owned, subject to community property laws where applicable.

                                       10
<PAGE>



                                           Number of             Percent
Name and Address                             Shares            of Class (1)

Triden Telecom, Inc. (2)                    110,000                68.3
613 Chase Drive
Tyler, TX 75701

Robert S. Hardy (2)(3)(4)                    13,750                80.4
613 Chase Drive
Tyler, TX 75701

Holly V. Grant (3)(4)                        13,500                 8.1
613 Chase Drive
Tyler, TX 75701

All officers and directors
  as a Group (3 persons)                    151,000                85.8

(1) These figures represent the percentage of ownership of the named individuals
assuming  each of them alone has  exercised  any options  held,  and  percentage
ownership of all officers and directors as a group assuming all purchase  rights
held by such individuals are exercised.

(2) These figures  include  110,000  shares held of record by Triden.  Robert S.
Hardy is an officer  and  director  of Triden  and may be deemed to have  shared
voting and investment control over the shares.

(3) These persons are all of the officers or directors of Edlam.

(4) The figure for Mr.  Hardy  includes an option to purchase  10,000  shares of
common  stock at an  exercise  price of $1.00 per share that  expires in January
2006.  The figure for Ms. Grant  includes an option to purchase  5,000 shares of
common  stock at an  exercise  price of $1.00 per share that  expires in January
2006.

            ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     We currently  operate out of space provided by Robert S. Hardy, an officer,
director and principal shareholder,  at 613 Chase Drive, Tyler, Texas 75771. The
costs associated with the use of the telephone and mailing address are deemed by
us to be  immaterial,  as the  telephone  and  mailing  address  are used almost
entirely by our officer for other business purposes. Mr. Hardy is under no legal
obligation to provide rent-free office space to Edlam, and we do not pay rent to
Mr. Hardy.

     During 2001 Edlam made  advances  for payment of personal  expenses for the
benefit of Robert S. Hardy,  an officer and director,  which is represented by a
note bearing  interest at six percent per annum payable in monthly  installments
of $461 commencing in June 2002.

     During  September  2001,  Edlam  borrowed  $5,000 from its parent  company,
Triden Telecom,  Inc. The note accrues  interest at six percent per annum and is
due September 1, 2002.

     The Board of  Directors  of  Edlam,  Robert  S.  Hardy and Holly V.  Grant,
approved the extension of a line of credit to  themselves as  officers/directors

                                       11
<PAGE>

of  Edlam  in the  amount  of  $150,000.  This  line  of  credit  has  not  been
memorialized in any written agreement and Edlam advanced no funds under the line
of credit as of December 31, 2001.

                    ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

Reports on Form 8-K

     Edlam  filed no reports on Form 8-K  during  the last  calendar  quarter of
2001.

Exhibits

Exhibit No.                      Title of Document                     Location

3.1           Articles of Incorporation                                   (1)
3.2           Bylaws                                                      (1)
10.1          Employment Agreement with Robert S. Hardy dated             (2)
                January 18, 2001
10.2          Employment Agreement with Holly V. Grant dated              (2)
                January 18, 2001
10.3          Edlam's Stock Option Agreement with Robert S. Hardy         (3)
10.4          Edlam's Stock Option Agreement with Holly V. Grant          (3)

---------------------------------

(1) The Articles of  Incorporation  and Bylaws are included as Exhibits 2.01 and
2.02,  respectively,  to the registration statement on Form 10-SB filed by Edlam
with the SEC January 25, 2000, and are incorporated herein by this reference.

(2) The Employment  Agreement of Robert S. Hardy is included as Exhibit 10.1 and
the  Employment  Agreement  of Holly V. Grant is  included  as  Exhibit  10.2 to
Amendment  No. 1 to the  current  report on Form 8-K filed by Edlam with the SEC
April 3, 2001, and are incorporated herein by this reference.

(3) The Stock  Option  Agreement  of Robert S. Hardy is included as Exhibit 10.5
and the Stock Option  Agreement of Holly V. Grant is included as Exhibit 10.6 to
annual  report on Form 10-KSB for the year ended  December  31,  2000,  filed by
Edlam  with  the SEC  April  20,  2001,  and  are  incorporated  herein  by this
reference.

                                       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.

                                          EDLAM ACQUISITION CORPORATION


Date: April 17, 2002                      /s/ Robert S. Hardy
                                          President and Chief Executive Officer


Date: April 17, 2002                      /s/ Holly V. Grant
                                          Chief Financial Officer

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


Date: April 17, 2002                     /s/ Robert S. Hardy, Director


Date: April 17, 2002                     /s/ Holly V. Grant, Director



                                       13
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]




                                      INDEX

                                                                      PAGE

          --    Independent Auditors' Report


          --    Balance Sheet, December 31, 2001


          --    Statements of Operations, for the years ended December 31, 2001
                 and 2000 and for the period from inception on December 23, 1999
                 through December 31, 2001


          --    Statement of Stockholders' Equity, from inception on December
                 23, 1999 through December 31, 2001


          --    Statements of Cash Flows, for the years ended December 31, 2001
                 and 2000 and for the period from inception on December 23, 1999
                 through December 31, 2001

          --    Notes to Financial Statements


                                       14
<PAGE>









                          INDEPENDENT AUDITORS' REPORT



Board of Directors
EDLAM ACQUISITION CORPORATION
Salt Lake City, Utah

We have audited the accompanying balance sheet of Edlam Acquisition  Corporation
[a development stage company] at December 31, 2001 and the related statements of
operations,  stockholders'  equity  (deficit) and cash flows for the years ended
December  31, 2001 and 2000 and for the period from  inception  on December  23,
1999  through   December  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  audited by us present fairly, in all
material respects,  the financial  position of Edlam Acquisition  Corporation [a
development  stage  company]  as of  December  31,  2001 and the  results of its
operations and its cash flows for the years ended December 31, 2001 and 2000 and
for the period from inception on December 23, 1999 through  December 31, 2001 in
conformity with generally accepted accounting principles.

The  accompanying  financial  statements have been prepared  assuming that Edlam
Acquisition Corporation will continue as a going concern. As discussed in Note 9
to the financial statements,  Edlam Acquisition  Corporation has incurred losses
since its inception and has not yet been successful in  establishing  profitable
operations.  Further,  the Company has current  liabilities in excess of current
assets.  These factors raise  substantial doubt about the ability of the Company
to continue as a going concern.  Management's  plans in regards to these matters
are also  described  in Note 9. The  financial  statements  do not  include  any
adjustments that might result from the outcome of these uncertainties.




PRITCHETT, SILER & HARDY, P.C.

March 25, 2002
Salt Lake City, Utah

                                       15
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                                  BALANCE SHEET



                                     ASSETS


                                                                  December 31,
                                                                      2001
                                                                  ------------
CURRENT ASSETS:
   Receivable from related party, net                             $      5,357
                                                                  ------------
          Total Current Assets                                           5,357
                                                                  ------------
                                                                  $      5,357
                                                                  ------------


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
   Bank overdraft                                                 $        190
   Accounts payable                                                      7,195
   Advances - related party                                                750
   Accrued expenses                                                    133,610
   Note payable - related party                                          5,000
                                                                  ------------
          Total Current Liabilities                                    146,745
                                                                  ------------

STOCKHOLDERS' EQUITY (DEFICIT):
   Preferred stock, $.001 par value,
     10,000,000 shares authorized,
     no shares issued and outstanding                                        -
   Common stock, $.001 par value,
     50,000,000 shares authorized,
     161,000 shares issued and
     outstanding                                                           161
   Capital in excess of par value                                      103,990
   Deficit accumulated during the
     development stage                                                (245,539)
                                                                  ------------
          Total Stockholders' Equity (Deficit)                        (141,388)
                                                                  ------------
                                                                  $      5,357
                                                                  ------------




    The accompanying notes are an integral part of this financial statement.

                                       16
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                            STATEMENTS OF OPERATIONS



                                                   For the       From Inception
                                                 Year Ended      on December 23,
                                                December 31,      1999 through
                                             ___________________  December 31,
                                               2001       2000        2001
                                             --------   --------    --------

REVENUE                                     $       -  $       -   $       -

EXPENSES:
   General and administrative                 243,196      1,605     245,351
                                             --------   --------    --------

LOSS FROM OPERATIONS                         (243,196)    (1,605)   (245,351)
                                             --------   --------    --------
OTHER INCOME (EXPENSE)
   Interest expense                              (188)         -        (188)
                                             --------   --------    --------

       Total Other Income (Expense)              (188)         -        (188)
                                             --------   --------    --------
LOSS BEFORE INCOME TAXES                     (243,384)    (1,605)   (245,539)

CURRENT TAX EXPENSE                                 -          -           -

DEFERRED TAX EXPENSE                                -          -           -
                                             --------   --------    --------

NET LOSS  $                                  (243,384) $  (1,605)  $(245,539)
                                             --------   --------    --------

LOSS PER COMMON SHARE                       $   (1.60) $    (.32)  $   (3.16)
                                             --------   --------    --------





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

                                       17
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

                 FROM THE DATE OF INCEPTION ON DECEMBER 23, 1999

                            THROUGH DECEMBER 31, 2001

<TABLE>
<S>                             <C>        <C>       <C>       <C>       <C>        <C>
                                                                                      Deficit
                                                                                    Accumulated
                                    Preferred Stock      Common Stock    Capital in During the
                                -------------------- ------------------- Excess of  Development
                                   Shares    Amount    Shares   Amount   Par Value     Stage
                                ---------- --------- --------- --------- ---------- -----------
BALANCE, December 23,
  1999                                   - $       -         -  $      - $       -  $        -

Issuance of common stock
 for cash at  $.40 per share,
 December, 1999                          -         -     5,000         5     1,995           -

Net loss for the period ended
 December 31, 1999                       -         -         -         -         -        (550)
                                ---------------------------------------------------------------
BALANCE, December 31,
 1999                                    -         -     5,000         5     1,995        (550)

Net loss for the year ended
 December 31, 2000                       -         -         -         -         -      (1,605)
                                ---------------------------------------------------------------
BALANCE, December 31,
 2000                                    -         -     5,000         5     1,995      (2,155)

Issuance of common stock
 for cash at  $.50 per share,
 January 2001                            -         -   110,000       110    55,041           -

Issuance of common stock
 for non-cash expenses valued at
 $2.00 per share, January 2001           -         -    26,000        26    51,974           -

Repurchase and cancellation of
 common stock for cash at  $9.00
 per share, January, 2001                -         -    (5,000)       (5)  (44,995)          -

Issuance of common stock
 for cash at  $1.00 per share,
 January 2001                            -         -    25,000        25    24,975           -
</TABLE>

                                   [Continued]

                                       18
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                   STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

                        FROM THE DATE OF INCEPTION ON DECEMBER 23, 1999

                            THROUGH DECEMBER 31, 2001

                                   [Continued]

<TABLE>
<S>                             <C>        <C>       <C>       <C>       <C>        <C>
                                                                                      Deficit
                                                                                    Accumulated
                                    Preferred Stock      Common Stock    Capital in During the
                                -------------------- ------------------- Excess of  Development
                                   Shares    Amount    Shares   Amount   Par Value     Stage
                                ---------- --------- --------- --------- ---------- -----------
Granting of options to purchase
 common stock at  $1.00 per
 share, January 2001                     -         -         -         -    15,000           -

Net loss for the year ended
  December 31, 2001                      -         -         -         -         -    (243,384)
                                ---------------------------------------------------------------
BALANCE, December 31,
  2001                                   - $       -   161,000 $     161 $ 103,990  $ (245,539)
                                ---------------------------------------------------------------
</TABLE>













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

                                       19
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                            STATEMENTS OF CASH FLOWS

                         NET INCREASE (DECREASE) IN CASH

                                                    For the      From Inception
                                                  Year Ended     on December 23,
                                                 December 31,      1999 through
                                             --------------------  December 31,
                                                2001      2000        2001
                                             ---------- --------- --------------

Cash Flows Provided by Operating Activities:
  Net loss                                   $(243,384) $ (1,605) $    (245,539)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
    Allowance for uncollectible receivable       9,527         -          9,527
    Non-cash expense                            67,000         -         67,000
    Changes is assets and liabilities:
      (Increase) in related party receivable    (5,357)        -         (5,357)
      Increase in accounts payable               7,195      (550)         7,195
      Increase in accrued liabilities          133,610         -        133,610
      Increase in accounts payable -
       related party                               515       235            750
                                             ---------- --------- --------------
    Net Cash (Used) by Operating Activities    (30,894)   (1,920)       (32,814)
                                             ---------- --------- --------------
Cash Flows Provided by Investing Activities          -         -              -
                                             ---------- --------- --------------
  Advances to former subsidiary                 (9,527)        -         (9,527)
                                             ---------- --------- --------------
   Net Cash Provided by Investing Activities    (9,527)        -         (9,527)
                                             ---------- --------- --------------
Cash Flows Provided by Financing Activities:

  Increase in bank overdraft                       190         -            190
  Proceeds from note payable - related party     5,000         -          5,000
  Proceeds from issuance of common stock        80,151     2,000         82,151
  Repurchase of common stock                   (45,000)        -        (45,000)
                                             ---------- --------- --------------
   Net Cash Provided by Financing Activities    40,341     2,000         42,341
                                             ---------- --------- --------------
Net Increase (Decrease) in Cash                    (80)       80              -

Cash at Beginning of Period                         80         -              -
                                             ---------- --------- --------------
Cash at End of Period                        $       -  $     80  $           -
                                             ---------- --------- --------------






                                   [Continued]

                                       20
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                            STATEMENTS OF CASH FLOWS

                                   [Continued]

Supplemental Disclosures of Cash Flow Information:

  Cash paid during the period for:
    Interest                                $       -    $       -   $       -
    Income taxes                            $       -    $       -   $       -

Supplemental Schedule of Noncash Investing and Financing Activities:

   For the year ended December 31, 2001:
     In October 2001, the Company effected a 1-for-100 reverse stock split.

     In January  2001,  the Company  issued  26,000  shares of common  stock for
     non-cash services valued at $52,000, or $2.00 per share.

     In January 2001, the Company  granted  options to purchase 15,000 shares of
     common  stock at $1.00 per share.  The  beneficial  feature of $15,000  was
     expensed and an increase to additional paid in capital recorded.

   For the year ended December 31, 2000:
     None











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

                                       21
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Organization - Edlam Acquisition  Corporation ("the Company") was organized
     under the laws of the State of Nevada on December 23, 1999. The Company has
     not commenced planned principal  operations and is considered a development
     stage  company as defined in SFAS No. 7. The  Company is seeking  potential
     business  ventures.  The Company  has, at the  present  time,  not paid any
     dividends and any dividends that may be paid in the future will depend upon
     the financial requirements of the Company and other relevant factors.

     During January 2001,  Triden Telecom,  Inc.,  acquired an approximately 68%
     interest in the Company wherein the Company effectively became a subsidiary
     of Triden through the acquisition of 110,000 shares of the Company's common
     stock.

     On January 18, 2001, the Company acquired all of the issued and outstanding
     shares  of  Digitec  Information  Systems,  Inc.  ("Subsidiary")  which was
     organized  under the laws of the State of Texas on March 26, 1990.  On July
     13,  2001 and  reflected  in the  accompanying  financial  statements,  the
     Company and Subsidiary rescinded the merger. [See Note 2]

     Loss Per Share - The computation of loss per share is based on the weighted
     average  number  of shares  outstanding  during  the  period  presented  in
     accordance  with  Statement  of  Financial  Accounting  Standards  No. 128,
     "Earnings Per Share". [See Note 10]

     Income Taxes - The Company  accounts for income  taxes in  accordance  with
     FASB Statement No. 109, "Accounting for Income Taxes [See Note 7]

     Cash and Cash Equivalents - For purposes of the financial  statements,  the
     Company  considers  all highly  liquid debt  investments  purchased  with a
     maturity of three months or less to be cash equivalents.

     Accounting   Estimates  -  The  preparation  of  financial   statements  in
     conformity  with  generally   accepted   accounting   principles   requires
     management  to make  estimates  and  assumptions  that affect the  reported
     amounts of assets and liabilities, the disclosures of contingent assets and
     liabilities  at the  date of the  financial  statements,  and the  reported
     amount of revenues and expenses during the reported period.  Actual results
     could differ from those estimated.

     Recently Enacted Accounting  Standards - Statement of Financial  Accounting
     Standards  ("SFAS")  No.  141,  "Business  Combinations",   SFAS  No.  142,
     "Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset
     Retirement  Obligations",  and SFAS No. 144, "Accounting for the Impairment
     or Disposal of Long-Lived Assets", were recently issued. SFAS No. 141, 142,
     143 and 144 have no current applicability to the Company or their effect on
     the financial statements would not have been significant.

     Restated  financial  statements - In October 2001,  the Company  effected a
     1-for-100  reverse  stock  split.  These  financial  statements  have  been
     restated to reflect this stock split for all periods presented.

     Change in control - In January 2001,  the Company  issued 110,000 shares of
     common stock for cash. This represented a change in control of the Company.
     The former  officers/directors  resigned  and new  officers/directors  were
     elected.

                                       22
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

     Stock  Based  Compensation  - The  Company  accounts  for its  stock  based
     compensation in accordance with Statement of Financial  Accounting Standard
     No.  123  "Accounting  for   Stock-Based   Compensation."   This  statement
     establishes  an  accounting  method  based  on the  fair  value  of  equity
     instruments  awarded to employees as compensation.  However,  companies are
     permitted  to  continue  applying  previous  accounting  standards  in  the
     determination  of net income with  disclosure in the notes to the financial
     statements of the differences between previous accounting  measurements and
     those  formulated by the new accounting  standard.  The Company has adopted
     the  disclosure  only  provisions  of SFAS No. 123,  and  accordingly,  the
     Company has  elected to  determine  net income  using  previous  accounting
     standards.  Equity  instruments issued to non-employees are valued based on
     the fair  value of the  services  received  or the fair value of the equity
     instruments given up which ever is more reliably measurable.

NOTE 2 - ACQUISITION / RESCISSION

     On January 18, 2001 the Company entered into a Stock Exchange agreement and
     acquired all of the outstanding shares of Digitec Information Systems, Inc.
     (Digitec),  in a business combination accounted for as a purchase,  through
     the issuance of 17,500 common shares of the Company.  During July 2001, and
     reflected  in  these  financial  statements,  the  Company  entered  into a
     rescission  agreement  wherein the Company  received back and cancelled the
     17,500  common  shares  issued in the  acquisition.  During  May 2001,  the
     Company advanced  Digitec $9,527 for operations.  At December 31, 2001, the
     Company  had not  received  repayment  of the advance  and  established  an
     allowance of $9,527 for uncollectible receivables. [See Note 3]

NOTE 3 - NOTES RECEIVABLE - RELATED PARTY

     The Company had made  advances  related to an  acquisition  which was later
     rescinded  [See Note 2]. At December 31, 2001, a balance of $9,527 was due.
     The Company has established an allowance for  uncollectible  receivables of
     $9,527 at December 31, 2001.

     During the year ended  December 31,  2001,  the Company had paid $5,357 for
     the personal  expenses of an officer of the Company.  The officer  signed a
     note and agreed to repay the Company. The terms of the note include monthly
     payments of $461 beginning in June 2002 with interest of six percent on the
     outstanding balance.

NOTE 4 - ACCRUED LIABILITIES

     Accrued liabilities consist of the following at:

                                                            December 31,
                                                                2001
                                                          ---------------
                    Accrued payroll and payroll taxes     $      133,422
                    Accrued interest                                 188
                                                          ---------------
                                                          $      133,610
                                                          ---------------

     In January 2001, the Company entered into employment agreements with two of
     its officers.  One  agreement  stated that the officer is to receive a base
     salary of $100,000 per annum. The second agreement stated the officer is to
     receive a base salary of $25,000 per annum. The accrued payroll and payroll
     taxes  relate  to the  unpaid  compensation  according  to  the  employment
     agreements.

                                       23
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 5 - STOCKHOLDERS EQUITY

     Preferred Stock - The Company has authorized  10,000,000 share of preferred
     stock, $.001 par value, with such rights,  preferences and designations and
     to be issued in such series as  determined  by the Board of  Directors.  No
     shares are issued and outstanding at December 31, 2001.

     Common  Stock - The  Company  has  authorized  50,000,000  shares of common
     stock,  $.001 par value.  At December  31, 2001,  161,000  shares of common
     stock were issued and outstanding.

     During  December  1999, in connection  with its  organization,  the Company
     issued  5,000 shares of its  previously  authorized,  but  unissued  common
     stock. The shares were issued for cash of $2,000, or $.40 per share.

     During January 2001, Triden Telecom,  Inc., purchased 110,000 shares of the
     Company's  common  stock for  $55,151,  or $.50 per share.  As a negotiated
     element  of  the  stock  sale  the  Company   agreed  to  redeem  from  its
     pre-existing  stockholders,  on a pro  rata  basis,  5,000  shares  of  the
     Company's common stock at a total redemption price of $45,000, or $9.00 per
     share.  The sale resulted in a change in control of the Company wherein the
     Company  became a majority  owned  subsidiary of Triden  Telecom,  Inc. The
     former officers of the Company resigned and new officers were appointed.

     On January 18, 2001 the Company entered into a Stock Exchange agreement and
     acquired all of the outstanding shares of Digitec Information Systems, Inc.
     (Digitec),  in a business  combination  accounted for as a purchase through
     the issuance of 17,500 common shares of the Company.  During July 2001, and
     reflected  in these  financial  statements,  the  Companies  entered into a
     rescission  agreement  wherein the Company  received back and cancelled the
     17,500 common shares issued in the acquisition. [See Note 2].

     During  January  2001,  the Company  sold 25,000  shares of common stock to
     investors for $25,000, or $1.00 per share.

     During  January  2001,  the Company  issued  26,000  shares of common stock
     valued at  $52,000,  or $2.00 per  share,  in  connection  with  employment
     agreements [See Note 8].

     Stock  Options  -  During  January  2001,  in  accordance  with  Accounting
     Principles   Board  Opinion  No.  25,  the  Company   recorded  $15,000  in
     compensation  expense for options to purchase 15,000 (post-split) shares of
     common  stock at $1.00 per  share,  issued in  connection  with  employment
     agreements [See Note 8]. The options vested immediately and are exercisable
     through January 5, 2006. The options may only be exercised in lots of 1,000
     or more.

                                       24
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 5 - STOCKHOLDERS EQUITY [Continued]

     A summary of the status of the options  granted under the stock option plan
     and other agreements at December 31, 2001, and changes during the year then
     ended are presented in the table below:
                                                                Weighted Average
                                                        Shares   Exercise Price
                                                    ------------ ------------
            Outstanding at beginning of period                 -  $         -
            Granted                                       15,000         1.00
            Exercised                                          -            -
            Forfeited                                          -            -
            Expired                                            -            -
                                                    ------------ ------------
            Outstanding at end of period                  15,000  $      1.00
                                                    ------------ ------------
            Exercisable at end of period                  15,000  $      1.00
                                                    ------------ ------------
            Weighted average fair value
             of options granted                           15,000  $      1.21
                                                    ------------ ------------

     The fair value of each  option  granted is  estimated  on the date  granted
     using  the   Black-Scholes   option  pricing  model,   with  the  following
     weighted-average assumptions used for grants during the year ended December
     31, 2001: risk-free interest rate of 4.8%, expected dividend yield of zero,
     expected life of five years, and expected volatility of zero%.
<TABLE>
<S>             <C>         <C>              <C>              <C>         <C>
                           Options Outstanding                    Options Exercisable
                --------------------------------------------- ----------------------------
                            Weighted-Average Weighted-Average             Weighted-Average
   Range of       Number       Remaining        Exercise        Number       Exercise
Exercise Prices Outstanding Contractual Life      Price       Exercisable      Price
--------------- ----------- ---------------- ---------------- ----------- ----------------
$          1.00      15,000       4.00 years $           1.00      15,000 $           1.00
</TABLE>

                                       25
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 5 - STOCKHOLDERS EQUITY [Continued]

     Stock Options - During the period presented in the  accompanying  financial
     statements,  the Company has granted options under  employment  agreements.
     The Company has adopted the  disclosure-only  provisions  of  Statement  of
     Financial   Accounting  Standards  No.  123.  "Accounting  for  Stock-Based
     Compensation."  Accordingly,  only the  beneficial  price of the option has
     been expensed.

     Had compensation cost for the Company's stock option plan and other options
     issued to  employees  been  determined  on the fair value at the grant date
     during the period ended December 31, 2001 consistent with the provisions of
     SFAS No. 123, the  Company's net earnings and earnings per share would have
     been reduced as reflected in the proforma amounts below:

                                                   For the       From Inception
                                                 Year Ended      on December 23,
                                                December 31,      1999 through
                                             -------------------  December 31,
                                               2001       2000        2001
                                             --------   --------    --------

       Net loss
            As reported                     $(243,384) $  (1,605)  $(245,539)
            Proforma                         (246,586)    (1,605)   (248,741)

       Loss per common share
            As reported                     $   (1.60) $    (.32)  $   (3.16)
            Proforma                        $   (1.62) $    (.32)  $   (3.20)


NOTE 6 - RELATED PARTY TRANSACTIONS

     Notes  receivable - During the year ended  December  31, 2001,  the Company
     paid $5,357 of personal expenses of an officer. The officer agreed to repay
     the Company with interest beginning in June 2002. [See Note 3]

     Note Payable - During  September  2001,  the Company  borrowed  $5,000 from
     their Parent company,  Triden Telecom, Inc. The note accrues interest at 6%
     per annum and is due  September 1, 2002.  As of December 31, 2001,  accrued
     interest amounted to $188.

     Line of Credit - The Board of Directors  of the Company  have  approved the
     extension   of  a  line  of  credit  in  the  amount  up  to   $150,000  to
     officers/directors  of the Company.  As of December 31, 2001, no borrowings
     have been extended.


                                       26
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 7 - INCOME TAXES

     The Company  accounts  for income  taxes in  accordance  with  Statement of
     Financial Accounting Standards No. 109, "Accounting for Income Taxes". SFAS
     No.  109  requires  the  Company  to  provide a net  deferred  tax asset or
     liability  equal to the expected future tax benefit or expense of temporary
     reporting  differences  between book and tax  accounting  and any available
     operating loss or tax credit carryforwards.  At December 31, 2001 and 2000,
     the total of all  deferred  tax assets were  approximately  $46,000 and $0,
     respectively  and the total of the deferred tax liabilities were $0 and $0,
     respectively.  The amount of and ultimate  realization of the benefits from
     the deferred tax assets for income tax purposes is dependent, in part, upon
     the tax laws then in  effect,  the  Company's  future  earnings,  and other
     future events, the effects of which cannot presently be determined. Because
     of the uncertainty  surrounding the realization of the deferred tax assets,
     the Company has  established a valuation  allowance of $46,000 and $0 as of
     December 31, 2001 and 2000,  which has been offset against the deferred tax
     assets.  The net increase in the valuation  allowance during the year ended
     December 31, 2001 amounted to approximately $46,000.

     As of  December  31,  2001,  the  Company  has  net  operating  loss  [NOL]
     carryforwards available to offset its future income tax liability.  The NOL
     carryforwards  have  been  used to  offset  deferred  taxes  for  financial
     reporting   purposes.   The  Company  has  federal  NOL   carryforwards  of
     approximately $230,000 that expire in 2021.

NOTE 8 - COMMITMENTS AND CONTINGENCIES

     Employment  agreement - During  January,  2001, the Company  entered into a
     five year  employment  agreement with its newly  appointed  President.  The
     agreement  provides for salaries  totaling $100,000 per year increasing 10%
     per year on the amount  received in salary the  previous  year,  a one time
     payment of $200,000 on the first anniversary of the date of this agreement,
     the  issuance of 17,500  shares of common  stock valued at $2.00 per share,
     the granting of options to purchase  10,000 shares of common stock at $1.00
     per share (restated for stock split - the original  pre-split  amounts were
     1,000,000  shares at $.01) and a 3% stock bonus as may be  determined  from
     time to time by the Board of Directors of the Company,  taking into account
     the performance of the Company in relation to the annual business plan. The
     agreement  also  contains a  termination  with cause  provision  that would
     entitle the President to receive one half of the remaining  salaries  under
     the agreement if terminated with cause.  The President cannot be terminated
     without cause during the term of the agreement.  The  employment  agreement
     also provides for disability and death benefits.

     During  January  2001,  the Company  entered  into a  five-year  employment
     agreement with its newly appointed Chief Financial  Officer.  The agreement
     provides  for  salaries  totaling  $25,000 per year,  the issuance of 8,500
     shares of common stock  valued at $2.00 per share,  the granting of options
     to purchase  5,000 shares of common stock at $1.00 per share  (restated for
     stock split - the original  pre-split amounts were 500,000 shares at $.01).
     The  agreement  also contains a termination  without cause  provision  that
     would  entitle  the Chief  Financial  Officer  to  receive  one half of the
     remaining  salaries under the agreement if terminated  without  cause.  The
     employment agreement also provides for disability and death benefits


                                       27
<PAGE>


                          EDLAM ACQUISITION CORPORATION
                          [A Development Stage Company]

                          NOTES TO FINANCIAL STATEMENTS

NOTE 9 - GOING CONCERN

     The accompanying financial statements have been prepared in conformity with
     generally accepted accounting principles, which contemplate continuation of
     the Company as a going concern.  However,  the Company has incurred  losses
     since its  inception,  has current  liabilities in excess of current assets
     and has not yet been  successful  in  establishing  profitable  operations.
     These factors raise  substantial  doubt about the ability of the Company to
     continue as a going  concern.  In this regard,  management  is proposing to
     raise any necessary  additional  funds not provided by  operations  through
     additional  sales  of its  common  stock.  There is no  assurance  that the
     Company will be successful in raising this additional  capital or achieving
     profitable  operations.   The  financial  statements  do  not  include  any
     adjustments that might result from the outcome of these uncertainties.

NOTE 10 - LOSS PER SHARE

     The  following  data show the amounts used in computing  loss per share for
     the periods presented:
                                                   For the       From Inception
                                                 Year Ended      on December 23,
                                                December 31,      1999 through
                                            ---------------------   December 31,
                                               2001       2000         2001
                                            ---------- ----------  ------------

      Loss from continuing operations
      available to common shareholders
      (numerator)                           $(243,384) $  (1,605)  $   (245,539)
                                            ---------- ----------  ------------
      Weighted average number of
      common shares outstanding used
      in loss per share for the period
      (denominator)                           152,279      5,000         77,743
                                            ---------- ----------  ------------

     Dilutive  earnings  (loss)  per share was not  presented,  as its effect is
     anti-dilutive.

     At December  31,  2001,  the Company  had options  outstanding  to purchase
     15,000  shares of common  stock at $1.00 per share [See Note 5], which were
     not included in the loss per share  computation  because their effect would
     be anti-dilutive. There were no options outstanding at December 31, 2000.


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