FORM 10-KSB

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

[X]  Annual Report Pursuant To Section 13 Or 15(D) Of The Securities Act Of 1934

                  For the fiscal year ended December 31, 2002.

[ ]  Transition Report Under Section 13 Or 15(D) Of The Securities Exchange
     Act Of 1934

              For the transition period from ________ to ________.

Commission file number 333-31238

                             Grand Prix Sports, Inc.
             (Exact name of registrant as specified in its charter)

         WASHINGTON                                             52-2219677
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification no.)

                        23332 Mill Creek Drive, Suite 230
                             Laguna Hills, CA 92653
                                 (949) 679-6221
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

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

      Title of Each Class             Name of each Exchange on Which Registered
Common Stock ($0.0001 Par Value)                        None
Preferred Stock ($0.0001 Par Value)                     None

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


     Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 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 not contained in this form, and no disclosure will be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB [X].

The issuer's total revenues for the year ended December 31, 2002, were zero.

On April 15, 2003, the number of shares outstanding of the registrant's Common
Stock, $0.0001 par value (the only class of voting stock), was 18,000,000.

<PAGE>

                                TABLE OF CONTENTS

                                     PART I


Item 1. Description of Business. . . . . . . . . . . . .  . . . . . . . . . 3

Item 2. Description of Property. . . . . . . . . . . .  . . . . . . . . . . 3

Item 3. Legal Proceedings. . . . . . . . . . . . . . .  . . . . . . . . . . 4

Item 4. Submission Of Matters To A Vote Of Security Holders. . .. . . . . . 4


                                     PART II

Item 5. Market For Common Equity And Related Stockholder Matters . .. . . . 4

Item 6. Management's Discussion and Analysis and Plan Of Operation) . . . . 5

Item 7. Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . 7

Item 8. Changes And Disagreements With Accountants On Accounting And
Financial Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . 19


                                    PART III

Item 9. Directors, Executive Officers, Promoters And Control Persons;
Compliance With Section 16(A) Of The Exchange Act. . . . . . . . . . . . . 19

Item 10. Executive Compensation  . . . . . . . . . . . . . . . . . . . . . 19

Item 11. Security Ownership Of Certain Beneficial Owners And Management. . 20

Item 12. Certain Relationships And Related Transactions. . . . . . . . . . 20

Item 13. Exhibits And Reports On Form 8K . . . . . . . . . . . . . . . . . 21

Item 14. Controls and Procedures . . . . . . . . . . . . . . . . . . . . . 21


                                       2
<PAGE>

                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS

Grand Prix Sports, Inc. (formerly known as DDR Systems, Inc.) was incorporated
under the laws of the State of Washington on June 3, 1999, and is in its early
developmental and promotional stages. To date, Grand Prix Sports, Inc.'s only
activities have been organizational, directed at raising its initial capital and
developing its business plan. Grand Prix Sports, Inc. has not commenced
commercial operations.

Grand Prix Sports, Inc. activities from October 2002 through December 31, 2002
were focused on cleaning up the balance sheet and identifying promising
acquisition opportunities. In December 2002, the company successfully negotiated
with Harrysen Mittler to forgive 100% of our debt to him. The Company's
liabilities now total only thirty-two thousand dollars or 36% of the total
liabilities one year earlier at December 31, 2001.

Grand Prix Sports, Inc. activities from March 9th, 2001 to September 2002 were
focused on the identification of promising acquisition candidates that would
benefit from a business relationship with its major asset, a 40% interest in
Nordic Racing Limited, a Formula 3000 racing team. However, for $70,000, the
Company sold its 40% share in Nordic Racing on October 29, 2002 due to
management differences. In a parallel process, capital sources were identified
that would provide cash for acquisitions and working capital.

Prior to March 9th, 2001 the Company was engaged in start up activities related
to the development and sale of its licensed product line consisting of high-tech
instruments that are used to record information transferred from distant sources
like aircraft and satellites. Simply put the recorders are high-speed tape
recorders that are capable of recording information relayed by several types of
satellites and aircraft. Some of the data that can be recorded include fuel
consumption, engine rotation per minute, time, pictures recorded by cameras,
load stresses recorded by sensors and the status of various equipment on the
craft such as batteries or radar. The recorder operates basically the same as a
VCR with all the same play, fast-forward, rewind, record, scheduled operation,
and other similar functions. The product line is unique in that it can record
information from satellites at speeds required by those satellites. The licensed
product line consists of recorders capable of recording at speeds up to 40
Megabits per second. The recorders are configured for both laboratory and onsite
use. Models consist of laboratory, rack mount and portable versions.

ITEM 2. DESCRIPTION OF PROPERTY

The Company used to be headquartered at 3650 West 30th Avenue, Vancouver B.C.
Canada where it used office space rent-free until December 31, 2000. The Company
then moved its headquarters to Suite 122 - 2055 York Avenue, Vancouver B.C.
Canada V6J 1E5 where it occupied office space rent-free. From reorganization on
March 9, 2001 to April 2002, the Company maintained its principal place of
business in the State of Washington at 1780 Barnes Boulevard S.W., Building G,
Tumwater, Washington. The company then moved its principle place of business to
California the location of Greg Martin, Secretary at Suite 230 23332 Mill Creek
Drive, Laguna Hills, California, rent-free. With no employees or commercial
business operations at this time, dedicated office space is considered an
unnecessary expense.

                                       3
<PAGE>

ITEM 3. LEGAL PROCEEDINGS

Grand Prix Sports, Inc. is currently not a party to any pending legal
proceedings.

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

During the year 2002, Grand Prix Sports, Inc. did not submit any matters to a
vote of security holders through the solicitation of proxies or otherwise.


                                     PART II


ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

a) Market Information

Grand Prix Sports, Inc. common stock is currently traded on the Over The Counter
Bulletin Board under the symbol "GPRX.OB". Grand Prix Sports, Inc. common stock
began trading on March 9, 2001.

The table below sets forth the high and low sales prices for Grand Prix Sports,
Inc. Common Stock for the relevant quarter of 2002. The quotations below reflect
inter-dealer prices, without retail mark-up, markdown or commission and may not
represent actual transactions:


                Quarter       High      Low
                -------       ----      ---
 2002           First         $1.44     $.09
                Second        $.19      $.04
                Third         $.07      $.01
                Fourth        $.04      $.01

b) Shareholders

As of March 17 2003, there were approximately 43 shareholders of record holding
a total of 18,000,000 shares of Common Stock. The holders of the Common Stock
are entitled to one vote for each share held of record on all matters submitted
to a vote of stockholders. Holders of the Common Stock have no preemptive rights
and no right to convert their Common Stock into any other securities. There are
no redemption or sinking fund provisions applicable to the Common Stock.

c) Dividend

There have been no dividends declared since the inception of the company and
there are no restrictions on the ability to pay dividends on common equity or
that are likely to do so in the future. The payment of dividends is within the
discretion of the Board of Directors and will depend on Grand Prix Sports,
Inc.'s earnings, capital requirements, financial condition, and other relevant
factors. There are no restrictions that currently limit Grand Prix Sports,
Inc.'s ability to pay dividends on its Common Stock other than those generally
imposed by applicable state law.

                                       4
<PAGE>

d) Recent Sales of Unregistered Securities

Effective March 9, 2001, the Company entered into an Agreement and Plan of Share
Exchange (the "Exchange Agreement") with Damask International, Jonathan Iseson,
R. Todd Stabler, and Dr. and Mrs. Robert J. Harman. Damask International and
Jonathan Iseson constituted the record and beneficial owners of forty percent
(40%), or 67 ordinary shares, of the issued and outstanding shares of the
capital stock of Nordic Racing Limited, a British corporation ("Nordic").
Pursuant to the terms of the Exchange Agreement, the Registrant sold and issued
an aggregate of 1,000,000 shares of its common stock -- 700,000 shares to Damask
International, 150,000 shares to Jonathan Iseson, 100,000 shares to R. Todd
Stabler, and 50,000 shares to Dr. and Mrs. Robert J. Harman.

Subsequent to the closing of the Exchange Agreement, the Company effected a
5-for-1 forward stock split.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS AND Plan of Operation

CRITICAL ACCOUNTING POLICIES

Grand Prix Sports, Inc. financial statements and accompanying notes are prepared
in Accordance with generally accepted accounting principles in the United
States. Preparing financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue,
and expenses. These estimates and assumptions are affected by management's
application of accounting policies. Critical accounting policies for Grand Prix
Sports, Inc., include revenue recognition and accounting for operating expenses.

The Company expended significant effort and resources in the last quarter of
2001 and the first quarter of 2002 on due diligence related to a potential
acquisition of IFT International Inc. ("IFT"), a provider of international trade
finance, facilitation, and marketing services. Almost half of the expenses for
the quarter were related to professional services supporting that effort. On
January 15th, 2002, the Company announced that it has engaged the
investment-banking firm of NetCap Ventures Inc. ("NetCap") to act as its
exclusive financial adviser and placement agent with regard to raising equity or
debt financing. The impetus for the engagement was the Company's proposed
acquisition of IFT International Inc.

On February 8, 2002, the Company determined not to conclude its pending
acquisition of IFT International Inc. As of the date on which the decision was
made not to conclude the acquisition, the Company had not then completed its due
diligence investigation of IFT. In connection with the determination not to
conclude the pending IFT acquisition, the Company also announced that it
terminated its relationships with Agora Capital Partners Inc. ("Agora"), and
NetCap.

Subsequent to that effort, the search for acquisition candidates resumed. In the
second quarter approximately 10 merger/acquisition candidates were identified
and examined. Two were selected for further screening and discussions. In the
third quarter, one merger opportunity resulted in submission of due diligence
information by Grand Prix to a third party for assessment; however a transaction
could not be consummated under favorable terms. As the Company determines the
suitability of existing opportunities, it continues to consider others.

                                       5
<PAGE>

On April 29, 2002 Harrysen Mittler submitted his resignation as President, Chief
Executive Officer, Chief Financial Officer and as a director of the Company,
effective immediately. Mr. Mittler has elected to pursue other business
interests.

The Company's board of directors voted to appoint the Company's Secretary,
Gregory J. Martin, as interim President and interim Chief Financial Officer, and
to fill the board vacancy created by the resignation of Mr. Mittler. Mr. Martin
has agreed to perform these duties, subject to continued working capital
investment and the identification of a long-term replacement for the President
and Chief Financial Officer position. During this time period, Mr. Martin has
taken an active role in the evaluation of merger/acquisition opportunities, will
continue to direct activities to raise funds, and conduct the operations of the
Company.

In June of 2002, the Board of Directors engaged Corvus to provide administrative
and management services on behalf of the corporation. This action was taken to
replace the administrative services previously performed by Mr. Mittler and to
reduce the expenses incurred by the Company's outside legal and accounting
advisors. In an effort to reduce costs and increase services the Board also
determined that it was more cost-effective to outsource these services to Corvus
than to hire employees. Payroll costs and substantial uncertainty regarding
payment of wages would preclude finding and hiring adequate staffing. Corvus is
a consulting practice owned and operated by Gregory J. Martin. Mr. Martin
recused himself from the vote to approve the contract with Corvus.

The Company's plan of business is to generate revenues and earnings by acquiring
existing, profitable, well-managed, corporations compatible with or with
synergies to the Company's current business activities. However, to manage
existing corporate overhead, the Company will continue to rely on cash advances
from shareholders, as well as to seek additional debt or equity financing. Part
of this effort has been to reduce overhead. The Company has been successful in
reducing operating expenses. During the year the Company has reduced operating
expenses by approximately 34%.

In May of 2002, the Company commenced a limited private placement in an attempt
to raise up to $125,000 of equity capital. As of the end of the third quarter,
the Company had raised $60,000 for 3,000,000 restricted shares of common stock.
In September management issued 2,500,000 shares of those 3,000,000 shares during
the Company's third quarter, and the remaining 500,000 shares in the fourth
quarter. The Company will continue to complete the total placement of $125,000.
Despite these efforts, there can be no assurance that any such additional
financings, or shareholder and officer advances, will be available on terms, in
amounts, or at a time acceptable to the Company, if they are available at all,
and, if so available, whether such funds will be sufficient to satisfy the
Company's cash requirements over the next twelve months.

SUBSEQUENT EVENTS

In February of 2003 Todd M. Pitcher was appointed to the position of Chairman,
President, CEO and CFO. In addition, as of January 1, 2003 Gregg Martin is no
longer the Company's Secretary, a position for which a replacement is currently
underway.

                                       6
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

Grand Prix Sports, Inc. has funded its cash needs over the periods covered by
this Form 10-KSB with sales of common stock and cash on hand. It is anticipated
that the cash on hand of $1,376 will be insufficient to satisfy cash
requirements over the next twelve months. In order to support existing
operations, the Company is seeking additional financing as well as acquiring
shareholder capital to fund Operations. There can be no assurance that the
Company will be able to obtain such financing on terms acceptable to it, or at
all.

PRODUCT RESEARCH AND DEVELOPMENT

Grand Prix Sports, Inc. plans no product research and development over the next
twelve months.

CAPITAL EXPENDITURES

Grand Prix Sports, Inc. made no capital expenditures over the period covered by
this report. There are no planned capital expenditures in the next twelve
months.

EMPLOYEES

The Company maintains no employees at this time other than the officers.

ITEM 7. Financial Statements and Supplementary Data


CONTENTS                                                                  PAGE
--------                                                                  ----

Independent Auditors' Report. . . . . . . . . . . . . . . . . . . . .  . .  8

FINANCIAL STATEMENTS

Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9

Statements of Operations . . . . . . . . . . . . . . . . . . . . . . . . . 10

Statements of Stockholders' Equity (deficit) . . . . . . . . . . . . . . . 11

Statements of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . 12

Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . 13-18


                                       7
<PAGE>

                          INDEPENDENT AUDITORS' REPORT
                          ----------------------------


                                                       March 20, 2003

Board of Directors
Grand Prix Sports, Inc.
(Formerly DDR Systems, Inc.)
(A Development Stage Company)
Tumwater, Washington

We have audited the accompanying balance sheets of Grand Prix Sports, Inc.
(formerly DDR Systems, Inc.) (A Development Stage Company) (the "Company"), as
of December 31, 2002 and 2001 and the related statements of operations,
stockholder's equity (deficit), and cash flows for the years then ended and for
the period from June 3, 1999 (Date of Inception) to December 31, 2002. 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 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 misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, based on our audit and the report of the other auditors, the
financial statements referred to above present fairly, in all material respects,
the financial position of Grand Prix Sports, Inc. (formerly DDR Systems, Inc.)
(A Development Stage Company) as of December 31, 2002 and 2001 and the results
of its operations and its cash flows for the years then ended and for the period
June 3, 1999 (Date of Inception) to December 31, 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. However, the Company has had no sales
and suffered recurring losses from operations that raises substantial doubt
about its ability to continue as a going concern. Management plans in regards to
these matters are also described in Note D. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

                                                  /s/ Bedinger & Company
                                                  ----------------------
                                                  Bedinger & Company
                                                  Certified Public Accountants
                                                  Walnut Creek, California

                                       8
<PAGE>
<TABLE>
<CAPTION>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Balance Sheets
December 31, 2000, 2001 and 2002
==================================================================================================

                                                                                  December 31
                                                                            ----------------------
                                                                               2002         2001
                                                                            ---------    ---------
ASSETS

CURRENT ASSETS
<S>                                                                         <C>          <C>
      Cash                                                                  $   1,376    $   3,212
                                                                            ---------    ---------
           TOTAL CURRENT ASSETS                                                 1,376        3,212
                                                                            ---------    ---------

License Agreement with Related Party (Note B)
      Cost                                                                        500          500
      Accumulated Amortization                                                   (500)        (358)
                                                                            ---------    ---------
      Net                                                                        --            142

Nordic Racing Limited Investment (Note G)                                        --           --
                                                                            ---------    ---------

           TOTAL ASSETS                                                     $   1,376    $   3,354
                                                                            =========    =========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
      Loan from related party (Note F)                                      $    --      $  30,780
      Accounts payable and accrued expenses :
           Accounts payable                                                    31,723       56,816
           Accrued interest payable to a related party (Note F)                  --            556
                                                                            ---------    ---------
           TOTAL CURRENT LIABILITIES                                           31,723       88,152
                                                                            ---------    ---------

COMMITMENT (Note B)

STOCKHOLDERS' DEFICIT (Note C)

           Preferred stock, par value $.0001; 20,000,000
           shares authorized; 0 issued and outstanding

           Common stock, par value $.0001, 100,000,000 shares authorized;
           issued and outstanding 18,000,000 and 1,500,000 at December
           31, 2002 and December 31, 2001, respectively                         1,800        1,500

           Additional paid-in capital                                         266,685      202,000
           Deficit accumulated during the development stage                  (298,832)    (288,298)
                                                                            ---------    ---------

           TOTAL STOCKHOLDERS' DEFICIT                                        (30,347)     (84,798)
                                                                            ---------    ---------

           TOTAL LIABILITIES AND
             STOCKHOLDERS' DEFICIT                                          $   1,376    $   3,354
                                                                            =========    =========

                                 See notes to financial statements

                                                 9
<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Operations
Years Ended December 31, 2000, 2001 and 2002
The Period June 3, 1999 (Date of Inception) to December 31, 2002
==============================================================================================

                                                                                  June 3, 1999
                                                   Year Ended      Year Ended    (Inception) to
                                                  December 31,    December 31,    December 31,
                                                      2002            2001            2002
                                                  ------------    ------------    ------------
Revenue
     Gain on sale of investment                   $     70,000    $       --      $     80,000
     Gain on forgiveness of debt                        38,864                          38,864
                                                  ------------    ------------    ------------
     Total Revenue                                     108,864            --           118,864

Expenses
     Loss on investment                                                 90,000          90,000
     Bank charges                                          180             109             556
     Communication                                                                       8,204
     Consulting fees                                                                    16,043
     Meals and entertainment                                            35,543          35,543
     Depreciation and amortization                         142             904           6,123
     Marketing and promotion                                                            31,029
     Office                                              1,471                           1,484
     Professional fees                                 110,521          16,308         167,376
     Investor relations                                  4,869          22,514          27,383
     Write down of loss due to
       license revisions                                                 4,639           4,639
     Write down of furniture and
       equipment                                                         1,315           1,315
     Travel                                             (2,029)          9,447          23,201
     Taxes                                                 800                             800
     Interest expense (related party)                    3,445             556           4,001
                                                  ------------    ------------    ------------

     Total Expenses                                    119,398         181,335         417,696
                                                  ------------    ------------    ------------

      Net Earnings (Loss)                         $    (10,534)   $   (181,335)   $   (298,832)
                                                  ============    ============    ============




     Basic Loss per Share                         $     (0.001)   $     (0.012)
                                                  ============    ============

     Weighted average common shares outstanding     16,375,000      15,000,000


                               See notes to financial statements

                                              10
<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Stockholder's Defcit
Years Ended December 31, 2000, 2001 and 2002
The Period June 3, 1999 (Date of Inception) to December 31, 2002
================================================================================================================================

                                                                                                       Deficit
                                                                Common Stock                         Accumulated
                                                         --------------------------    Additional    during the        Total
                                                          Number of                      Paid-in    Developmental   Stockholder's
                                                            Shares        Amount         Capital        Stage         Equity
                                                         -----------    -----------    -----------   -----------    -----------
BALANCES
    June 3, 1999                                                --      $      --      $      --     $      --      $      --

    Shares issued during the period
         Shares issued to acquire license (Note B)        50,000,000          5,000          5,000                       10,000
         Shares issued for cash                           11,500,000          1,150        102,350                      103,500

    Net loss for the period from June 3, 1999
    (inception) through December 31, 1999                                                                (18,936)       (18,936)

BALANCES
                                                         -----------    -----------    -----------   -----------    -----------
    December 31, 1999                                     61,500,000          6,150        107,350       (18,936)        94,564

    Net loss for 2000                                                                                    (88,027)       (88,027)

BALANCES
                                                         -----------    -----------    -----------   -----------    -----------
    December 31, 2000                                     61,500,000          6,150        107,350      (106,963)         6,537

    Shares issued during the period
         Shares Issued for Nordic acquisition (Note G)     1,000,000            100         89,900                       90,000

    Shares cancelled during the period
         Shares cancelled for license
         agreement revisions                             (47,500,000)        (4,750)         4,750                         --

    5:1 forward stock split                                      5:1

    Net Loss through December 31, 2001                                                                  (181,335)      (181,335)

BALANCES
                                                         -----------    -----------    -----------   -----------    -----------
    December 31, 2001                                     15,000,000          1,500        202,000      (288,298)       (84,798)

    Issuance of common stock                               3,000,000            300         64,685                       64,985

    Net Loss through December 30, 2002                                                                   (10,534)       (10,534)

BALANCES
                                                         -----------    -----------    -----------   -----------    -----------
    December 31, 2002                                     18,000,000          1,800        266,685      (298,832)       (30,347)
                                                         ===========    ===========    ===========   ===========    ===========


                                               See notes to financial statements

                                                              11
<PAGE>

GRAND PRIX SPORTS, INC
(Formerly DDR Systems, Inc..)
(A Development Stage Company)
Statements of Cash Flows
Years Ended December 31, 2000, 2001 and 2002
The Period June 3, 1999 (Date of Inception) to December 31, 2002
====================================================================================================

                                                                                        June 3, 1999
                                                             Year Ended    Year Ended  (Inception) to
                                                             December 31,  December 31,  December 31,
                                                                 2002         2001          2002
                                                               ---------    ---------    ---------

CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                                                 $ (10,534)   $(181,335)   $(298,832)
      Adjustments to reconcile net loss
      to net cash used by operating activities:
        Depreciation                                                              104          762
        Amortization                                                 142          800        5,361
        License impairment agreement                                            4,639        4,639
        Abondonment of furniture
        and equipment                                                           1,315        1,315
        Loss on investment                                                     90,000       90,000
CHANGES IN CURRENT ASSETS AND CURRENT
      LIABILITIES:
      Increase (decrease) in current liabilities:

        Accounts payable and accrued expenses                    (25,649)      50,736       31,723
                                                               ---------    ---------    ---------

        NET CASH USED FOR OPERATING ACTIVITIES                   (36,041)     (33,741)    (165,032)
                                                               ---------    ---------    ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
      Acquisition of furniture and equipment                        --           --         (2,077)

                                                               ---------    ---------    ---------
        NET CASH USED FOR INVESTING ACTIVITIES                      --           --         (2,077)
                                                               ---------    ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
      Sale of common stock                                        64,985         --        168,485
        Related party loan                                       (30,780)      30,780         --
                                                               ---------    ---------    ---------

        NET CASH PROVIDED  BY FINANCING ACTIVITIES                34,205       30,780      168,485
                                                               ---------    ---------    ---------

NET INCREASE (DECREASE) IN CASH                                   (1,836)      (2,961)       1,376

CASH, beginning of period                                          3,212        6,173         --
                                                               ---------    ---------    ---------

CASH, end of period                                            $   1,376    $   3,212    $   1,376
                                                               =========    =========    =========


SUPPLEMENTAL DISCLOSURE:

Noncash investing and financing activities
     License agreement acquired by issue of common stock       $    --      $    --      $  10,000
     Nordic Racing Limited acquired by issue of common stock   $    --      $  90,000    $  90,000
     Forgiveness of related party loan                         $  38,864    $    --      $  38,864


                                See notes to financial statements

                                               12
</TABLE>
<PAGE>

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------

Organization
------------

The Company has been in the development stage since its incorporation under the
laws of the state of Washington on June 3, 1999.

On March 9, 2001, the Company amended its articles of incorporation by changing
the name of the Company to Grand Prix Sports, Inc.

Effective March 9, 2001, the Company entered into an Agreement and Plan of Share
Exchange (the "Exchange Agreement") with Damask International, Jonathan Iseson,
T. Todd Stabler, and Dr. and Mrs. Robert J. Harman. Damask International and
Jonathan Iseson constituted the record and beneficial owners of forty percent
(40%), or 67 ordinary shares, of the issued and outstanding shares of the
capital stock of Nordic Racing Limited, a British corporation ("Nordic").
Pursuant to the terms of the Exchange Agreement, the Registrant sold and issued
an aggregate of 1,000,000 shares of its common stock, 700,000 shares to Damask
International, 150,000 shares to Jonathan Iseson, 100,000 shares to R. Todd
Stabler, and 50,000 shares to Dr. and Mrs. Robert J. Harman.

Subsequent to the closing of the Exchange Agreement, the Company effected a
5-for-1 forward stock split. Thus, all references to shares outstanding prior to
the March 9, 2001 closing of the Exchange Agreement, including those in the
Shareholders' Equity section of the Balance Sheet and in the Statements of
Shareholders' Equity, are pre-split references.

Nordic was incorporated in the United Kingdom on January 11, 1990, to operate a
motor racing team. Since inception, Nordic has specialized in the FIA Formula
3000 International Championship racing series ("Formula 3000"). Formula 3000 is
the training ground for the more widely known Formula 1 race series. Recently,
the authorized number of teams participating in Formula 3000 was reduced from 18
to 14 with Nordic remaining one of the authorized teams. If a new team wishes to
enter the Formula 3000 arena, it must purchase an already existing team.

On October 11, 2002, the Company entered into a stock sale agreement to sell its
share in Nordic Racing Ltd. The agreement called for the Company to sell its 40%
interest in Nordic for $70,000. The sale was completed on October 29, 2002.

The Company's plan of business is to generate revenues and earnings by acquiring
existing, profitable, well-managed, corporations compatible with or with
synergies to the Company's current business activities. However, to manage
existing corporate overhead, the Company will continue to rely on cash advances
from shareholders, as well as to seek additional debt or equity financing. The
Company will also attempt to reduce its operating expenses. There can be no
assurance that any such additional financing will be available on terms, in
amounts, or at timing acceptable to the Company, if available at all.

                                       13
<PAGE>

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

Summary of Significant Accounting Principles
--------------------------------------------

a.   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 and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

b.   Basic earnings per share

Basic earnings (loss) per share have been calculated in conformity with
Financial Accounting Standards Board Statement No. 128 "Earnings Per Share". The
Company has a simple capital structure with no significant potential common
shares. Basic earnings (loss) per share are calculated weighted on the average
number of common shares outstanding each period.

c.   Office furniture and equipment

Office furniture and equipment purchases were capitalized and the cost
depreciated over the estimated useful lives of the related assets, generally
five to seven years. Office furniture and equipments abandoned is written off at
the time of the abandonment. During the first quarter of 2001, the Company
relocated its offices and as a result, the office furniture and equipment were
abandoned. The company wrote off $1,315 of net book value. No office furniture
and equipment were acquired or in existence through December 31, 2002.

d.   License agreement

The license agreement with Reach Technologies, Inc. was previously capitalized
and amortized over the estimate useful life of the asset-three years and seven
months, commencing June 3, 1999. The license agreement was renegotiated in 2001.
However, under the renegotiated Non-Exclusive License Agreement, 47,500,000
shares of the 50,000,000 shares of the Company's common stock issued to Glenn
Jones in exchange for the original Exclusive License Agreement were returned to
the Company and canceled. Thus, the un-depreciated value of the now
non-exclusive license agreement was reduced from $10,000 to $500. Amortization
expense for the year ended December 31, 2002 was $142.

e.   Issuance of common stock

The issuance of common stock for other than cash is recorded by the Company at
management's estimate of the fair value of the assets acquired or services
rendered.

f.   Revenue

Revenue is recognized when product is shipped to the customer.

                                       14
<PAGE>

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

Summary of Significant Accounting Principles (Continued)
--------------------------------------------------------

g.   Income taxes

No taxes are payable for the year ended December 31, 2002.

h.   Intangible Assets

A summary of the treatment of intangible assets of the corporation is summarized
as follows:

                                          December 31, 2002
                     ----------------------------------------------------------
                     Gross Intangible     Accumulated                Net
                          Assets          Amortization        Intangible Assets
                          ------          ------------        -----------------
Goodwill                    $0                  $0                    $0
Other intangibles          500                 500                     0
Total                     $500                $500                    $0

The Company currently does not have goodwill as a component of its intangible
assets.

i.   Impact of Accounting Standards

In August 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement
Obligations." SFAS 143 establishes accounting standards for recognition and
measurement of a liability for the costs of asset retirement obligations. Under
SFAS 143, the costs of retiring an asset will be recorded as a liability when
the retirement obligation arises, and will be amortized to expense over the life
of the asset. The Company does not expect any effect on its financial position
or results of operations from the adoption of this statement. In October 2001,
the FASB issued SFAS No. 144, "Accounting for the Impairment or Disposal of
Long-Lived Assets." SFAS 144 addresses financial accounting and reporting for
the impairment or disposal of long-lived assets and discontinued operations. The
Company does not expect any effect on its financial position or results of
operations from the adoption of this statement.

On April 30, 2002 the FASB issued Statement No. 145, Rescission of FASB
Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
Corrections. The Statement updates, clarifies and simplifies existing accounting
pronouncements. Statement 145 rescinds Statement 4, which required all gains and
losses from extinguishment of debt to be aggregated and, if material, classified
as an extraordinary item, net of related income tax effect. As a result, the
criteria in Opinion 30 will now be used to classify those gains and losses.
Statement 64 amended Statement 4, and is no longer necessary because Statement 4
has been rescinded. The Company does not expect any effect on its financial
position or results of operations from the adoption of this statement.

In June of 2002, the FASB issued SFAS 146, "Accounting for Costs Associated with
Exit or Disposal Activities," which nullifies EITF Issue 94-3. SFAS 146 is
effective for exit and disposal activities that are initiated after

                                       15
<PAGE>

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

Summary of Significant Accounting Principles (Continued)
--------------------------------------------------------

December 31, 2002 and requires that a liability for a cost associated with an
exit or disposal activity be recognized when the liability is incurred, in
contrast to the date of an entity's commitment to an exit plan, as required by
EITF Issue 94-3. The Company will adopt the provisions of SFAS 146 effective
January 1, 2003. The Company does not expect any effect on its financial
position or results of operations from the adoption of this statement.

In December 2002, the FASB issued Statement of Financial Accounting Standards
("SFAS") No. 148, "Accounting for Stock-Based Compensation, Transition and
Disclosure." SFAS No. 148 provides alternative methods of transition for a
voluntary change to the fair value based method of accounting for stock-based
employee compensation. SFAS No. 148 also requires that disclosures of the pro
forma effect of using the fair value method of accounting for stock-based
employee compensation be displayed more prominently and in a tabular format.
Additionally, SFAS No. 148 requires disclosure of the pro forma effect in
interim financial statements. The transition and annual disclosure requirements
of SFAS No. 148 are effective for fiscal years ending after December 15, 2002.
The interim disclosure requirements are effective for interim periods beginning
after December 15, 2002. The Company does not expect that the adoption of SFAS
148 will have a material effect on its financial position or results of
operations.

NOTE B - LICENSE AGREEMENT
--------------------------

On June 3, 1999, the Company acquired from Reach Technologies, Inc. ("Reach")
the rights to distribute the Reach Technologies, Inc. Digital Data Recorder
product line for the purpose of selling the product in the telemetry and remote
sensing marketplace. This license was valued based on the estimate of fair
market value of the license received. The licensed product line consists of 0 to
40 Megabit per second Digital Data Recorders that are configured for laboratory
and onsite use. Models consist of laboratory, rack mount and portable versions.
The Company paid for the license by issuing 50,000,000 shares of its common
stock to Glenn Jones, the President of Reach. Under the license with Reach, the
Company had the exclusive right to distribute and market Reach's product line to
the northeastern United States for a period of time beginning June 3, 1999 and
ending January 31, 2003. To retain the license, the Company was required to
purchase a minimum amount of product based on pricing established in the license
agreement during each of the two years of its license, beginning February 1,
2000. The Company was required to purchase $50,000 of the product line by
January 31, 2001, an additional $100,000 of the product line by January 31, 2002
and as additional $100,000 of the product line by January 31, 2003. The license
agreement contained a provision that it could be renewed for additional three
year periods, so long as the Company was not in default. Any renewal agreement
will be subject to the same minimum purchase requirements, except that the
minimum purchase amount in each subsequent year would be calculated as the
greater of $120,000 and 65% of the Company's prior year's audited revenue. The
agreement may be terminated by the Company at any time upon notice to Reach, and
by Reach for any cause, which includes breach of the agreement, the bankruptcy
or insolvency of the Company; or the conviction of the Company; its officers or
directors, of any crime involving moral turpitude.

                                       16
<PAGE>

NOTE B - LICENSE AGREEMENT (Continued)
--------------------------------------

On January 14, 2001, the Company amended the license agreement as it pertained
to minimum purchase requirements. The parties agreed that, in exchange for a
$5,000 promissory note, Reach will not terminate the license agreement for the
Company's failure to purchase $50,000 of the product line by January 31, 2001.
All other terms of the license agreement remained the same, including the
additional minimum purchase requirements.

On March 9, 2001, the parties again amended the license agreement to provide
that it would no longer be exclusive and would no longer be obligated to the
product purchase requirements. In connection with this amendment, Glenn Jones
returned 47,500,000 shares of the Company's common stock to the Company's
treasury for cancellation.

NOTE C - NET OPERATING LOSS CARRY FORWARD
-----------------------------------------

The Company's net operating loss for the year ended December 31, 2002 of $10,534
may be utilized through the year ended December 31, 2022. The Company's net
operating loss of $181,335 for the year ended December 31, 2001 may be utilized
through the year ended December 31, 2021. The Company's net operating loss for
the year ended December 31, 2000 of $88,027 may be utilized through the year
ended December 31, 2020. The Company's net operating loss for the seven months
ended December 31, 1999 of $18,936 may be utilized through the year ended
December 31, 2019. SFAS No. 109 requires a valuation allowance to be recorded
when it is more likely than not that some or all of the deferred tax assets will
not be realized. At December 31, 2002 a valuation allowance for the full amount
of the net deferred tax asset was recorded because of uncertainties as to the
amount of taxable income that would be generated in future years. The valuation
allowance increased by $4,000 for the year ended December 31, 2002.

NOTE D - MANAGEMENT'S PLANS
---------------------------

The Company's plan of business is to generate revenues and earnings by acquiring
existing, profitable, well-managed, corporations compatible with or with
synergies to the Company's current business activities. However, to manage
existing corporate overhead, the Company will continue to rely on cash advances
from shareholders, as well as to seek additional debt or equity financing. The
Company will also attempt to reduce its operating expenses and renegotiate its
current liabilities. There can be no assurance that any such additional
financing will be available on terms, in amounts, or at timing acceptable to the
Company, if available at all. The ability to achieve these objectives raises
substantial doubt about the Company's ability to continue as a going concern.

NOTE E - CORRECTION OF ERROR
----------------------------

During 2002, a 1999 error was discovered in which the par value of common stock
was erroneously listed as $.001. This error was corrected in 2001 by
retroactively restating the amounts of common stock and additional
paid-in-capital. The reclassification resulted in a reduction to common stock in
the amount of $11,070 and an increase in the same amount to additional
paid-in-capital, prior to the 5:1 stock split of 2001.

                                       17
<PAGE>

NOTE F - RELATED PARTY TRANSACTION
----------------------------------

During the year ended December 31, 2001, the Company borrowed $30,780 from
Harrysen Mittler, Chief Executive Officer of the Company to fund current
operating activities. The note bears interest at 10 percent per annum, payable
upon demand. Accrued interest in the amount $556 is payable at December 31,
2001.

During the year ended December 31, 2002, the Company borrowed an additional
$4,083 from Harrysen Mittler, ex-Chief Executive Officer of the Company to fund
current operating activities. The note bears interest at 10 percent per annum,
payable upon demand. Accrued interest in the amount of $0 was payable at
December 31, 2002. In December 2002, the loan was forgiven and a gain was
recognized for $38,864, including the loan of $34,863 and accrued interest of
$4,001.

In April 2002, the company entered into an agreement with Andrada inc., dba
Corvus Business Development Services ("Corvus"), a private consulting
corporation owned by Gregory J. Martin, interim Chief Executive Officer and
Corporate Secretary, to provide management functions. The Company incurred
certain legal and professional fees in connection with the Corvus agreement.
These related expenses paid to Corvus amounted to $46,367 of which $14,600 was
payable at December 31, 2002.

NOTE G -  NORDIC RACING LIMITED INVESTMENT
--------  --------------------------------

On March 9, 2001, the Company issued 1,000,000 shares of common stock in
exchange for the purchase of forty percent (40%) of Nordic Racing Limited. At
the time of the acquisition, there was no independent appraisal or valuation of
Nordic Racing Limited. The purchase price was based on valuing the Company's
stock at $.09 per share which represented the lower range of stock trades for
Grand Prix Sports, Inc. stock during the twelve months after the acquisition.

The investment with Nordic Racing Limited had been reported using the Equity
Method of Accounting. The summarized assets and liabilities and profit and loss
statement of Nordic Racing Limited at December 31, 2001, in U.S. dollars are as
follows:

ASSETS                            2001     PROFIT & LOSS STATEMENT         2001
                                  ----                                     ----
Cash                            $6,703     Revenue                   $1,455,544
Property & equipment, net      295,021     Cost of sales              1,489,710
Notes receivable                71,154     Operating expenses           543,194
                             ---------                               ----------
Total                          372,878     Loss from operations       (577,350)
                             =========
LIABILITIES                                Other income (expense)      (77,781)
Current liabilities           $872,206     Provision for taxes                0
                                                                     ----------
Other liabilities              490,653     Net loss                   (655,141)
                                                                     ==========
Net worth                    (989,981)
                             ---------
Total                          372,878
                             =========

On October 11, 2002, the Company entered into a stock sale agreement to sell its
share in Nordic Racing Ltd. The agreement called for the Company to sell its 40%
interest in Nordic for $70,000. The sale was completed on October 29, 2002.

                                       18
<PAGE>

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

Not applicable.

                                    PART III

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

The Company directors hold office until the annual meeting of Shareholders next
held after their election. In April 2002 the Company's former Chairman,
President, CEO and CFO, Harrysen Mittler resigned leaving a vacancy until
February of 2003 when Todd M. Pitcher was appointed to the position of Chairman,
President, CEO and CFO. Todd M. Pitcher was also appointed to serve as a member
of this corporation's Board of Directors on December 6, 2002. As of December 20,
2002 Randolf W. Katz is no longer serving on the Company's Board of Directors.
He was replaced by Hugh L. Renfro who will serve in Mr. Katz's place. The
Officers and Directors of The Company as of December 31, 2002 are as follows:

Name                  Age       Title
----                  ---       -----
None                           Chairman of the Board, President, Chief Executive
                               Officer, and Chief Financial Officer
Hugh L. Renfro        47       Secretary
Hugh L. Renfro        47       Director
Todd M. Pitcher       34       Director


     Hugh L. Renfro recently joined our board as of December 20, 2002. Mr.
Renfro brings considerable international business experience, with more than 30
years in foreign operations serving in key management positions with leading
multi-national oil companies including Aramco and Chevron.

     Todd M. Pitcher recently joined our board as of December 6, 2002. Mr.
Pitcher has an extensive track record in business development and financial
related ventures. Currently, Mr. Pitcher is President of 4Dcard, Inc. a private
company operating the software marketing solutions marketplace. Mr. Pitcher
holds a Bachelor of Arts from UC Berkeley and has attended graduate studies at
UC Santa Barbara and Claremont Graduate School as a PhD candidate.

ITEM 10. EXECUTIVE COMPENSATION

There is no compensation in place for officers and directors. A preliminary plan
was disclosed in an 8K dated April 5, 2001 for issuance of stock options.
However, the plan was never formalized or executed.

Compensation of Directors

There is no plan in place at this time for The Company's directors to be
compensated.

                                       19
<PAGE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information known to the Registrant as of
March 17, 2003, by (a) each beneficial owner of more than five percent of the
Registrant's common stock, (b) each of the Registrant's directors, and (c) all
of the Registrant's directors and executive officers as a group. Except as
otherwise indicated, each person has sole voting and investment power with
respect to all shares shown as beneficially owned, subject to community property
laws where applicable.

                                     Amount and Nature Of
                                     Beneficial Ownership            Percent
Beneficial Owner(1)                    of Common Stock               Of Class
-------------------                  --------------------            --------
Cede & Co                                  8,826,200                   49.03
Damask International                       1,400,000                    7.78
Harvester Emerging Markets Fund            1,350,000                    7.50
Blue Mark Asset Management                 1,250,000                    6.94

DIRECTORS AND OFFICERS
Greg Martin, Secretary                       -0-                        -0-
Hugh L. Renfro, Director                     -0-                        -0-
Todd M. Pitcher, Director                    -0-                        -0-
All officers and directors
as a group (3 persons)                       -0- shares                 -0-
--------------

(1) The Registrant believes that all persons have full voting and investment
power with respect to the shares. Under the rules of the Securities and Exchange
Commission, a person (or group of persons) is deemed to be a "beneficial owner"
of a security if he or she, directly or indirectly, has or shares the power to
vote or to direct the voting of such security. Accordingly, more than one person
may be deemed to be a beneficial owner of the same security. A person is also
deemed to be a beneficial owner of any security, which that person has the right
to acquire within 60 days, such as warrants or options to purchase shares of the
Registrant's common stock.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

On June 3, 1999 the Company acquired from Reach Technologies, Inc. ("Reach"),
the rights to distribute the Reach Digital Data Recorder product line for the
purpose of selling the product in the telemetry and remote sensing marketplace.
The Company paid for the license by issuing 50,000,000 shares of its common
stock to Glenn Jones, the President of Reach. Under the license with Reach, the
Company had the exclusive right to distribute and market Reach's product line to
the northeastern United States for a period of time beginning June 3, 1999 and
ending January 31, 2003. To retain the license, the Company was required to
purchase a minimum amount of product based on pricing established in the license
agreement during each of the two years of its license, beginning February 1,
2000. The Company was required to purchase $50,000 of the product line by
January 31, 2001, an additional $100,000 of the product line by January 31,
2002, and an additional $100,000 of the product line by January 31, 2003.

                                       20
<PAGE>

The license agreement contained a provision that it could be renewed for
additional three-year periods, so long as the Company was not in default. Any
renewal agreement will be subject to the same minimum purchase requirements,
except that the minimum purchase amount in each subsequent year would be
calculated as the greater of $120,000 and 65% of the Company's prior year's
audited revenue.

On January 14, 2001, the Company and Reach amended the license agreement as it
pertained to minimum purchase requirements, the parties agreed that, in exchange
for a $5,000 promissory note in favor of Reach, Reach would not terminate the
license agreement if the Company failed to purchase $50,000 of the product line
by January 31, 2001. All other terms of the license agreement remained the same,
including the additional minimum purchase requirements.

On March 9, 2001, the parties again amended the license agreement to provide
that it would no longer be exclusive. In connection with this amendment, Glenn
Jones returned 47,500,000 shares of the Company's common stock to the Company's
treasury for cancellation. The company has no further obligations to Reach
Technologies.

In the third and fourth quarters of 2001, the Board of Directors passed a
resolution authorizing a promissory note between The Company and one its
officers, Harrysen Mittler. In the course of normal business operations Mr.
Mittler personally paid for certain Company expenses necessary to the continued
reporting status of the Company. These expenses included, but were not limited
to: accounting, auditing, legal review of securities filings, stock transfer
agent, etc. In December 2002, the loan was forgiven and a gain was recognized
for $38,864.

ITEM 13. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

1. Exhibits: Exhibits required to be attached by Item 601 of Regulation S-B are
listed in the Index to Exhibits beginning on page 18 of this Form 10-KSB, which
is incorporated herein by reference.

2. Reports on Form 8-K: During the year 2001, The Company filed a Form 8-K on
April 5th, 2001, describing the acquisition of the Company's position in Nordic
Racing Limited.

ITEM 14. CONTROLS AND PROCEDURES

     (a) Under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, we
conducted an evaluation of the design and operation of our disclosure controls
and procedures, as such term is defined under Rules 13a-14(c) and 15d-14(c)
promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), within 90 days of the filing date of this report. Based on that
evaluation, our principal executive officer and our principal financial officer
concluded that the design and operation of our disclosure controls and
procedures were effective to ensure that information required to be included in
our Securities and Exchange Commission reports is recorded, processed,
summarized and reported within the time periods specified in the Commission's
rules and forms.

                                       21
<PAGE>

     (b) In addition, there were no significant changes in our internal controls
or in other factors that could significantly affect these controls subsequent to
the Evaluation Date, including any corrective actions with regard to significant
deficiencies and material weaknesses.





                 [This Space Has Been Intentionally Left Blank]













                                       22
<PAGE>



SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the
registrant caused this Amendment to Form 10-KSB to be signed on its behalf by
the undersigned, thereunto duly authorized, this 15th day of April 2003.

                     Grand Prix Sports, Inc.

                     /s/ Todd M. Pitcher
                     ---------------------------
                     Name: Todd M. Pitcher
                     Title: CEO

In accordance with the 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.

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

/s/ Todd M. Pitcher            CEO                    April 15, 2003
-----------------
Todd M. Pitcher


/s/ Hugh L. Renfro             Director               April 15, 2003
-----------------
Hugh L. Renfro







                 [This Space Has Been Intentionally Left Blank]










                                       23
<PAGE>

ITEM 2. DESCRIPTION OF EXHIBITS

INDEX TO EXHIBITS

Exhibit No.    Description
-----------    -----------

3(a)(i)        Articles of Incorporation of DDR Systems, Inc. (Incorporated by
               reference filed with the Company's Form S-1 on February 28,
               2000).

3(a)(ii)       By-laws of DDR Systems, Inc. (Incorporated by reference filed
               with the Company's Form S-1 on February 28, 2000).

3.3            Certificate of Amendment to the Articles of Incorporation of DDR
               Systems, Inc., as filed with the Secretary of State of the State
               of Washington on March 16, 2001. (Incorporated by reference filed
               with the Company's Form 8-K on April 5, 2001).

10.1           Agreement between DDR Systems, Inc. and Reach Technologies Inc.
               dated June 3, 1999 for the right to distribute the Reach
               Technologies Inc. licensed product line. (Incorporated by
               reference filed with the Company's Form S-1 on February 28,
               2000).

10.2           Subscription Agreement and Investment Letter re: Gauntlett
               Limited(Incorporated by reference filed with the Company's Form
               S-1/A on April 27, 2000).

10.3           Subscription Agreement and Investment Letter re: World Wise
               Traders Limited (Incorporated by reference filed with the
               Company's Form S-1/A on April 22, 2000).

10.4           Subscription Agreement and Investment Letter re: Green Grove
               Trading Limited (Incorporated by reference filed with the
               Company's Form S-1/A on April 22, 2000).

10.5           Subscription Agreement and Investment Letter re: Valonia Limited
               (Incorporated by reference filed with the Company's Form S-1/A on
               April 22, 2000).

10.6           Agreement between DDR Systems, Inc. and Reach Technologies Inc.
               Dated January 14, 2001 amending the Licensing Agreement with
               Reach Technologies, Inc. dated June 3, 1999 as it pertains to
               minimum purchase requirements. (Incorporated by reference filed
               with the Company's Form 10-KSB on March 15, 2001).

10.7           Agreement between DDR Systems, Inc. and Reach Technologies, Inc.,
               dated March 9, 2001, amending the Licensing Agreement with Reach
               Technologies, Inc. dated June 3, 1999, to amend the Registrant's
               commitment to purchase equipment and to transform the status of
               the license from exclusive to non-exclusive. (Incorporated by
               reference filed with the Company's Form 8-K on April 5, 2001).

10.8           Agreement and Plan of Share Exchange by and between the
               Stockholders of Nordic Racing Limited and DDR Systems, Inc.,
               dated March 9, 2001. (Incorporated by reference filed with the
               Company's Form 8-K on April 5, 2001).

10.9           Letter of Intent Grand Prix Sports, Inc. and IFT International,
               Inc. dated November 5, 2001 (Incorporated by reference filed with
               the Company's Form 10-QSB on November 19, 2001).

<PAGE>

10.10          Corvus Agreement dated May 23, 2002 (Incorporated by reference
               filed with the Company's Form 10-QSB on August 15, 2002 as
               Exhibit 10.1).

10.11          Stock Purchase Agreement dated October 11, 2002 by and between
               Grand Prix Sports, Inc. and Bertram Schafer Racing GmbH
               (Incorporated by reference filed with the Company's Form 10-QSB
               on December 17, 2002 as Exhibit 10.1).

10.12          Interim CEO and CFO Certification Pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002 for the Quarter ended September 30,
               2002 (Incorporated by reference filed with the Company's Form
               10-QSB on December 17, 2002 as Exhibit 99.1).

10.13          Letter of Debt Forgiveness to Grand Prix Sports

23.1           Consent of Independent Public Accountant, dated March 20, 2003

99.1           Sarbanes-Oxley Act of 2002 Certification