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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


     FORM 10-KSB - ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934
      For the year ended December 31, 2000

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

      Commission File Number 0-22349

                              INTELLIREADY, INC.
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            (Exact Name of Registrant as specified in its Charter)

            Colorado                                          84-1502078
----------------------------------                     -------------------------
  State or other Jurisdiction of                            I.R.S. Employer
   Incorporation or Organization                           Identification No.

                  1390 S. Potomac St., Suite 136, Aurora, Colorado 80012
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(Address of Principal Executive Offices)                      (Zip Code)

                                 (303) 755-2400
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              (Registrant's Telephone Number, including Area Code)

      Indicate by check mark whether the  Registrant (i) has filed all reports
required to be filed by Section 13, or 15(d) of the  Securities  Exchange  Act
of 1934 during the  preceding 12 months (or for such  shorter  period that the
registrant  was  required to file such  reports)  and (ii) has been subject to
such filing requirements for the past 90 days.       [x] Yes    [ ]  No

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

      The issuers revenues for the year ended December 31, 2000 were $512,429.

      The aggregate market value of the voting stock held by non-affiliates is
$6,019,339.

Common Stock, no par value                                   10,488,916
------------------------------                      ----------------------------
Title of Class                                      Number of Shares outstanding
                                                         at March 26, 2001


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                               INTELLIREADY, INC.

                                      INDEX

<TABLE>
<CAPTION>
                                                                        PAGE NO.
                                                                        --------
<S>                                                                     <C>
PART I    Item 1.  Business                                                  2
          Item 2.  Properties                                               11
          Item 3.  Legal Proceedings                                        11

          Item 4.  Submission of Matters to a Vote of Security Holders      11

PART II   Item 5.  Market for Registrant's Common Equity and Related
                      Stockholder Matters                                   11
          Item 6.  Management's Discussion and Analysis of Financial
                   Condition and Results of Operations                      12

          Item 7.  Financial Statements and Supplementary Data              15
          Item 8.  Changes in and Disagreements with Accountants on
                      Accounting and Financial Disclosure                   16

PART III  Item 9.  Directors and Executive Officers of the Registrant       16
          Item 10. Executive Compensation                                   17

          Item 11. Security Ownership of Certain Beneficial Owners and
                      Management                                            20

          Item 12. Certain Relationships and Related Transactions           21

PART IV   Item 13. Exhibits, Financial Statement Schedules and Reports on
                      Form 8-K                                              21
</TABLE>

                                     PART I

      THIS ANNUAL REPORT ON FORM 10-KSB (THE "ANNUAL REPORT") CONTAINS CERTAIN
FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 21 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED, (THE "EXCHANGE ACT"), INCLUDING STATEMENTS
THAT INDICATE THE COMPANY "BELIEVES", "EXPECTS" AND "ANTICIPATES" OR SIMILAR
EXPRESSIONS. THESE STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND
OTHER FACTORS WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE
COMPANY TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH
FORWARD-LOOKING STATEMENTS. READERS ARE CAUTIONED.

ITEM 1.     BUSINESS

BACKGROUND AND FORMATION OF INTELLIREADY

         IntelliReady, Inc. (formerly known as Wiens Industries, Inc.) was
organized under the laws of the State of Colorado on April 21, 1998. Our
principal offices are located in Aurora, Colorado and our main telephone number
is (303) 755-2400. All references to "us", "we", and "our" mean IntelliReady,
Inc. and its wholly owned subsidiary, IntelliReady of Colorado, Inc. unless
otherwise stated.

         We were in the development stage as defined in Financial Accounting
Standards Board Statement No. 7 until the acquisition of IntelliReady of
Colorado, formerly known as Time Direct, LLC, a Colorado limited liability
company ("Time Direct"). Prior to the acquisition of Time Direct, we had not
commenced operations. We are a start-up provider of structured wiring, audio and
video systems and other peripherals to residential and commercial customers. Our
business model is to ultimately offer voice, data, video and security monitoring
services to our customers through an IntelliReady gateway. We expect the
IntelliReady gateway to be a device that facilitates communication among
multiple devices within the home and commercial buildings. The IntelliReady
Gateway should also facilitate voice, video, data and high-speed Internet
connections for the homeowner or business. By providing these services to our
customers we expect to create a recurring stream of revenue. It is our belief
that a recurring revenue stream will result in a higher valuation for our stock.
We further believe that telephone companies, cable companies, Internet service
providers, and satellite video providers routinely enter into reseller
agreements with third parties. Therefore, we believe it will be possible to
negotiate reseller agreements and strategic alliances that will allow us to
provide these additional services in the near future. We are well positioned to


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take advantage of the convergence of telephone, cable TV, satellite TV, Internet
and telecommunications technologies. Our efforts are designed to take advantage
of growth in home networking and the deregulation of the telecommunications
industry caused by the enactment of the Telecommunications Act of 1996.

         On May 18, 2000, we acquired all of the issued and outstanding limited
liability interests of Time Direct, LLC. Time Direct's principal business was
prewiring homes for integrated communication, audio and video services.
Subsequent to the acquisition, Time Direct was operating under the business name
IntelliReady of Colorado by filing an assumed name with the Colorado Secretary
of State. On September 18, 2000 IntelliReady of Colorado became a corporation by
filing articles of incorporation with the Colorado Secretary of State. All of
the membership interests in Time Direct were contributed as an initial capital
contribution to IntelliReady of Colorado, Inc. Time Direct was subsequently
dissolved.

         In July 2000, we entered into negotiations with Pan Western Energy
Corporation, an Oklahoma corporation ("PWEC"), concerning a possible reverse
triangular merger. At that time, PWEC was a public reporting company, which
operated in the oil and gas industry. PWEC was incorporated in 1981 under the
laws of the State of Oklahoma with the objective of exploring for, developing,
producing and managing oil and gas reserves.

         PWEC was not successful in that business and sold substantially all of
its assets related to the oil and gas business on September 28, 2000 to its
principal creditor. On August 30, 2000, PWEC created a wholly owned subsidiary,
Pan Western Acquisition Corporation ("PWAC"). On October 4, 2000, IntelliReady,
Inc. and its wholly owned subsidiary, IntelliReady of Colorado, Inc. ("IROC")
merged into PWAC. As a result of that merger, IntelliReady, Inc. ceased to
exist. On November 2, 2000, PWEC created a wholly owned subsidiary,
IntelliReady, Inc., a Colorado corporation. On November 11, 2000, PWEC merged
with its wholly owned subsidiary, IntelliReady, Inc. The surviving entities in
this transaction are IntelliReady, Inc., PWAC and IntelliReady of Colorado, Inc.
The purpose of this merger was to change our name back to IntelliReady, to
effectuate an 8.25780933 reverse stock split and to redomesticate the Company in
Colorado.

         Under the terms of the Merger Agreement and Plan of Reorganization
dated August 25, 2000, our shareholders received 81,201,789 shares of PWEC
common stock or approximately 95% of the outstanding common stock.

STRATEGY

         We are positioned to be a single-source provider of home technology and
communication services. By actively pursuing acquisition candidates in the
highly fragmented residential integration market, we plan to develop a national
footprint in the home technology integration space. Residential integrators
install and service whole house entertainment systems, security and surveillance
systems, telephone systems, computer networks and home theaters.

         Our strategy is to acquire and integrate into our organization
technology and technology-based companies that are focused on providing
structured wiring and home automation services to both new construction and
existing homes. The purpose of acquiring residential system integration
companies is to establish a relationship with home owners so that the Company
may provide high-speed data, long distance, video content and security systems
monitoring to the home owner on a recurring monthly bill. We are taking
advantage of the convergence of telephone, cable TV, satellite TV, Internet and
telecommunications technologies to accomplish our objectives.

         Our marketing strategy is based on our belief that there is increasing
demand by both builders and homeowners for homes capable of utilizing the high
speed, broadband infrastructure that is being developed by companies such as
Qwest, AT&T and Cox Communications. The majority of homes in the United States
are not wired to utilize the high-speed capabilities of broadband
infrastructure. Therefore, the existing wiring in homes slows data transmission.
We commonly refer to this opportunity as the "last foot" on the information
superhighway.





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Furthermore, the current manner in which homes are wired prohibits the use or
limits the benefits associated with 21st Century consumer electronics technology
and home networking. We distribute leading brands of consumer electronics,
install the equipment and provide on-going support services. In the future we
expect to provide bundled digital services to our customers on a monthly
recurring basis.

      We plan to expand our services within Denver, Colorado and additional
areas within the United States that have been identified as fast growing areas
for the construction of single family homes and multi-family dwelling units. To
that end, we have begun identifying specific opportunities for expansion on a
nationwide basis.

PRINCIPAL OPERATING COMPANIES

      We have one wholly owned, non-operational subsidiary: PWAC, a Colorado
corporation. PWAC recorded no transactions during the 2000 period and therefore,
has no financial operations. PWAC has one wholly owned subsidiary which
constitutes the Company's principal operating company: IntelliReady of Colorado,
Inc., a Colorado corporation ("IROC").

      IROC focuses primarily on developing residential accounts for deployment
of structured wiring solutions, security system installation and monitoring and
sale of audio and visual equipment to single family homes and multi-family
dwelling units.

      IROC generates revenue through labor and materials billings for structured
wiring services, audio and video installation and security service and support
contracts.

         IROC purchases audio and video components directly from the
manufacturer and resells these products at a higher price (retail) directly to
its customers. IROC's relationships with distributors of consumer electronics
hardware enable us to provide clients with broad selections, competitive product
pricing and ready product.

      REVENUES.

         For the twelve months ended December 31, 2000, we derived approximately
69% of our revenues from structured wiring services and approximately 30% of our
revenues from home electronics and less than 1% of our revenues from recurring
monthly revenues associated with services such as security monitoring. We
anticipate revenues from the sale of home electronics and delivery of recurring
Bundled Digital Services will increase as a percentage of our total revenue in
the future.

      MARKETS, MARKETING AND ADVERTISING.

         Although our initial market is the Denver, Colorado area, potential
markets include most suburban and urban areas in the United States. Most of our
marketing comes from direct efforts by employees. The remainder of our marketing
is in the form of referrals from our homeowner clients, together with a limited
amount of advertising. We supplement our in-house efforts with outsourced
providers on a limited basis.

      PRINCIPAL SUPPLIERS.

         IROC purchases its wire, connection boxes, plates, home electronics
and other peripherals from a variety of vendors that provide a broad
range of products and services.

      We have not experienced shortages or other difficulties in obtaining
components, supplies or other materials. We currently anticipate components,
supplies and other necessary materials will remain readily available.

      WEBSITE.

         We maintain an Internet website at http://www.IntelliReady.com where
information about our services and investor relations can be found. The website
provides customers with a mechanism to request additional information on
services and allows customers to obtain contact information for particular
services and


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support. However, we do not earn any revenues from the operation of the website,
which is informational only.

BUSINESS DEVELOPMENTS

      On September 15, 2000 we entered into a services agreement with Advanced
Custom Systems, Inc. ("ACS"), a high-end audio-video company, whereby we will
work with ACS to complete the contracts previously transferred by ACS in return
for 50% share of the net profit, after an overhead allocation, generated from
those contracts. Additionally, all contracts entered into by either ACS or us
between September 15, 2000 and April 30, 2001 will be performed by us and ACS
will earn 20% of the net profit as stated above. No payments were made or
accrued during the 2000 period since the amount of overhead allocation exceeded
the gross profit from the contracts completed under this agreement.

BUNDLED DIGITAL SERVICES

      We believe that there is substantial demand from customers for bundled
telecommunications services provided on a single monthly bill and with a single
point of contact for all sales and services. Currently, we provide security
monitoring services to some of our customers. We are actively pursuing video,
voice, data, ISP and other bundled digital services opportunities. We expect to
be a reseller of these services in the near term and evaluate the feasibility of
building our own infrastructure in the future. When those services are offered,
we will bill customers on a monthly recurring basis.

SALES FORCE

      Our sales professionals are trained to provide commercial and residential
customers with product information and customer service relating to all of our
available services. Once a customer contracts with us for services, we assign a
single account relations representative who has the responsibility of actively
contacting the customer to confirm satisfaction with existing products and to
promote new services and programs. Our sales staff works to gain a better
understanding of the customer's needs in order to develop innovative,
application-specific solutions to each customer's needs. Sales personnel locate
potential customers by several methods, including customer referral, market
research, cold calling and other networking alliances. Sales personnel are
compensated with a base salary plus commission as a percentage of revenue
generated from completed projects.

POSSIBLE FUTURE ACQUISITIONS

      We have examined the size and highly fragmented composition of this
industry and believe there is potential to complete a series of acquisitions
within the residential systems integration marketplace. Initially, we intend to
expand our business through selective, strategic acquisitions of other companies
with complementary businesses, which companies' revenues range from $1 million
to $20 million. It is believed that companies in this range of revenues may be
receptive to our acquisition program because they are often too small to be
identified by larger public companies as acquisition targets or to independently
attempt their own public offering. In particular, we intend to focus our
acquisition strategy on candidates which have a proven record of delivering
high-quality installation services and a customer base of mid-to-large sized
builders and which could benefit from our anticipated access to sources of
financing as well as our long-term growth strategy.

      Generally, we seek acquisition candidates; however, potential candidates
often present themselves to us. We anticipate using our capital stock as the
primary source of funding future acquisitions. We typically conduct our
acquisitions by entering into stock-for-stock transactions or stock for asset
transactions.

      We continue to seek out acquisition candidates that are identified in the
manner described above and are currently exploring acquisition possibilities, on
a preliminary basis, with a number of possible candidates.

EMPLOYEES

      We had a total of 27 employees at December 31, 2000 in addition to
independent contractors. We currently employ primarily full-time personnel for
the fulfillment of our


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day-to-day operations. None of our employees is represented by a labor union. We
have not experienced any organized work stoppages and believe that our
relationship with our employees is good.

RISK FACTORS

WE HAD OPERATING LOSSES IN THE PAST, OUR LIABILITIES EXCEEDED OUR ASSETS AND
THERE IS NO GUARANTEE THAT WE WILL BE PROFITABLE.

We had a net loss of $1,263,495 for the fiscal year ended December 31,
2000. Although we did have revenues of $512,429 for the fiscal year ended
December 31, 2000, our future operations may not be profitable. If we do not
become profitable in the future, the value of our common stock may fall and we
could have difficulty obtaining funds to continue our operations. We expect to
continue incurring operating losses during the foreseeable future while we
expand our operations, infrastructure, service offerings and customer base in
our target markets. Additionally, our liabilities exceeded our assets by
$425,171.

SUCCESS OF OUR BUNDLED SERVICES DEPENDS ON OUR ABILITY TO FORM AND MAINTAIN
ALLIANCES WITH BUILDERS AND REAL ESTATE DEVELOPERS.

      Our ability to form reseller relationships with digital service providers
to provide video, data, telephone and Internet communications service offerings
to residential customers is necessary for the success of our business plan. Our
ability to obtain and maintain a relationship with homebuilders and residential
community developers across the nation is a critical factor to securing bundled
digital service customers.

IF WE DO NOT SUCCESSFULLY MAINTAIN OUR KEY RELATIONSHIPS WITH THIRD PARTY
VENDORS, OUR BUSINESS COULD BE ADVERSELY AFFECTED.

      We rely on a variety of third party vendors to supply wire and wiring
components, home electronics components, other peripherals and security
monitoring. While we have not experienced delays or problems with these
components and services, we cannot assure that we will be able to obtain such
services on the scale and within the time frames required by us at an affordable
cost, or at all. Any failure to obtain such services on the scale and within the
time frames required by the Company at an affordable cost, or at all, would have
a material adverse effect on our business. Further, the loss of one or more of
our relationships with these organizations could have a material adverse effect
on our business, financial condition and results of operations.

WE MAY EXPERIENCE DIFFICULTIES DEVELOPING AND IMPLEMENTING OUR
MARKETING AND BUSINESS PLANS.

      We began operations in 2000. As a result, our operating, sales and
management and other strategies are still being developed, and we do not have a
history that may give us an indication of how we may respond to situations
presented to us. Our revenues were primarily derived from our component
integration and wiring services. We anticipate continued reliance on our wiring
services, and product sales as we prepare our bundled digital service offerings.
If we are not successful in implementing our marketing and business plans on a
timely basis or otherwise effectively managing our development, our business,
operating results and financial condition will be materially adversely affected.

THE SUCCESSFUL COMPLETION OF ANY STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS
MAY REQUIRE SUBSTANTIAL CAPITAL AND THE INTEGRATION OF THE ACQUIRED BUSINESS.

      We may pursue one or more acquisitions of companies engaged in businesses
similar to or related to our business. As consideration for such acquisitions,
we may be required to incur additional indebtedness or issue equity. We may not
be able to obtain such financing on favorable terms or at all. In addition, we
may from time to time engage in discussions with potential business partners
looking toward formation of business combinations or strategic alliances that
would expand the reach of our services. We also may look to potential strategic
investors who may have an interest in making an investment in us. Such
acquisitions, combinations or alliances, if consummated, could divert our
resources and our management's time,





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and would require integration with our existing services. We may not be
successful in completing any acquisitions, combinations or alliances or, if
consummated, these transactions may not be on terms favorable to us or
successfully integrated into our operations.

WE ARE GROWING RAPIDLY AND MAY NOT BE ABLE TO SUSTAIN OUR RAPID GROWTH.

      Because of our small size, we desire to continue to grow rapidly in order
to achieve economies of scale. Although there is no assurance that this rapid
growth will occur, to the extent that it does occur it will place a significant
strain on our financial, technical, operational and administrative resources. If
we fail to continue to upgrade our technical, administrative, operating and
financial control systems, or if unexpected difficulties occur, our business,
financial condition and results of operations could be negatively affected and
our growth rate could be slowed or eliminated. There can be no assurance that we
have made adequate allowances for the costs and risks associated with this
expansion, that our systems, procedures or controls will be adequate to support
our operations or that our management will be able to achieve the rapid
execution necessary to successfully offer our products and services and
implement our business plan simultaneously.

      Our rapid growth has placed, and in the future will continue to place, a
significant strain on our administrative, operational and financial resources.
Failure to retain and attract additional management personnel who can manage our
growth effectively would have a material adverse effect on our growth and us. To
manage our growth successfully, we will have to continue to improve and upgrade
operational, financial, accounting and information systems, controls and
infrastructure as well as expand, train and manage our employees. Any failure by
our management to effectively anticipate, implement and manage the changes
required to sustain our growth could have a material adverse effect on our
business, results of operations and financial condition. We may not be able to
effectively manage such change.

OUR SUCCESS DEPENDS ON MAINTAINING THE EMPLOYMENT OF KEY PERSONNEL.

      We are currently managed by a small number of key management and operating
personnel whose efforts will largely determine our success. Our success also
depends upon our ability to hire and retain qualified operating, marketing,
sales, financial, accounting and technical personnel. Competition for qualified
personnel in the residential systems integration industry is increasing.
Accordingly, we may not be able to continue to hire or retain necessary
personnel. The loss of key management personnel would likely have a material
adverse impact on our business, results of operations and financial condition.

WE DEPEND ON THE AVAILABILITY OF SKILLED LABOR WHICH IS DIFFICULT TO ATTRACT AND
RETAIN.

      We are growing rapidly, and our future success will depend to a
significant extent upon our ability to attract, train and retain skilled
technical, management, sales, marketing and consulting personnel. Competition
for skilled personnel is intense. We may not be successful in attracting and
retaining the personnel necessary to conduct our business successfully. If we
are unable to attract, hire, assimilate and retain such personnel, it could have
a material adverse effect on our business, financial condition and results of
operations.

THE INDUSTRY IN WHICH WE OPERATE IS SUBJECT TO RAPID TECHNOLOGICAL CHANGE WHICH
COULD RENDER OUR OPERATIONS OBSOLETE.

      The voice, data and video convergence is subject to rapid and significant
technological changes that materially affect the continued use of certain audio
and video components, high-speed wiring and other components installed for our
customers. Future technological changes, including changes related to the
emerging wire and wireless transmission, switching technologies and
Internet-related services and technologies, could have a material adverse effect
on our business, results of operations and financial condition, particularly as
it pertains to the continued resale of bundled digital services.






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      The market for our services is characterized by rapidly changing
technology, evolving industry standards, emerging competition and frequent new
product and service introductions. We may not be able to successfully identify
new service opportunities and develop and bring new services to market. Our
pursuit of necessary technological advances may require substantial time and
expense, and we may not succeed in adapting our services to meet these rapid
changes.

WE OPERATE IN A HIGHLY COMPETITIVE INDUSTRY AND MANY OF OUR COMPETITORS HAVE
MORE RESOURCES THAN THE COMPANY.

      We operate in a highly competitive environment and currently do not have a
significant market share in any of our markets.

         Our residential integration services business is in an increasingly
competitive industry. Our competition in the integration services industry
generally includes numerous custom installation shops in each market we plan to
enter. Additionally, we will compete with national home technology integrators
such as Home Director, Inc. and integrated communications carriers providing
broadband services such as Clearworks Net, Inc.

         Entering the bundled digital services business will increase the number
of companies with which we will have to compete. In the bundled digital services
industry, our competition includes Internet service providers such as AOL Time
Warner, Inc., telecommunications companies such as Incumbent Local Exchange
Carriers ("ILECs") and cable television companies that have longer operating
histories, longer customer relationships, and substantially greater financial,
management, technical development, sales, marketing, and other resources. Our
ability to compete depends upon many factors, some of which are beyond our
control, including the timing of introduction of new products and enhancements
to existing products that we and our competitors have developed, customer
service and support, sales and marketing efforts, and the performance, price and
reliability of our products. Most of our actual and potential competitors in the
bundled digital services space have substantially greater financial, technical,
marketing and other resources (including brand name recognition) than we do.
Also, the continuing trend toward business alliances in the telecommunications
industry and the absence of substantial barriers to entry in the Internet
services markets, could give rise to significant new competition.

WE MAY OPERATE IN A HIGHLY REGULATED INDUSTRY AND THERE CAN BE NO ASSURANCE THAT
WE WILL RECEIVE THE REGULATORY APPROVALS TO CONDUCT OUR OPERATIONS.

         Our current operations are not subject to significant regulatory
approvals. However, should we begin selling bundled digital services it could
become necessary to obtain certain regulatory approvals that may cause us to
incur significant expenditures in the approval process. The risks associated
with potential entry into this and related industries are discussed below.

         Under the Federal Telecommunications Act of 1996, commonly referred to
as the FTA, state and local legal requirements that prohibit or have the effect
of prohibiting any entity from providing any intrastate or interstate
telecommunications service are preempted. States and local authorities continue
to have the authority to regulate, however, and to require telecommunications
carriers to obtain certification, licenses, permits or similar approvals before
providing services. Thus, our ability to provide additional intrastate services
is dependent upon our receipt of requisite state regulatory approval. The
inability to obtain the necessary approvals could have a material adverse effect
on our business, results of operations and financial condition.

      The FTA imposes a duty upon all ILECs to negotiate in good faith with
potential competitive telecommunications providers, which we could become, to
provide interconnection to the ILEC's network, exchange local traffic, make
unbundled network elements available and permit resale of most local telephone
services. In the event that negotiations with the ILECs do not succeed, we have
a right to seek arbitration with the state regulatory authority of any
unresolved issues. Arbitration decisions involving interconnection arrangements
in several states have been challenged and appealed to federal courts.






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      Although passage of the FTA has resulted in increased opportunities for
companies that are competing with the ILECs or other CLECs, current or future
regulations adopted by the FCC or state regulators or other legislative or
judicial initiatives relating to the telecommunications industry could have a
material adverse effect on our business. In addition, although the FTA makes
entry into the in-region long distance market by Regional Bell Operating
Companies ("RBOC's") conditional upon their offering of local interconnection
arrangements to other telecommunications service providers, these RBOC's may
nonetheless delay the timely implementation of the required interconnection and
other legal requirements.

      Internet-related information services are not currently subject to direct
regulation by the FCC or any other U.S. agency other than regulation applicable
to businesses generally. The FCC is considering whether additional regulations
should be applied to Internet services and whether Internet service providers,
or ISPs, should pay interexchange access charges and universal service fees.
Moreover, as discussed below, the FTA and similar state laws create civil and
criminal penalties for the knowing transmission of "indecent" material over the
Internet. Additionally, the FTA may permit telecommunications companies,
regional Bell operating companies or others to increase the scope or reduce the
cost of their Internet access services. These and other changes in the
regulatory environment relating to the telecommunications or Internet-related
services industry could have an adverse effect on our Internet-related services
business.

      We can make no assurances that appropriate regulatory approvals will
continue to be obtained, or that approvals required with respect to the
telephone and cable services for its bundled services will be obtained. The
enactment by Federal, state and local governments of new laws, regulations or a
change in the interpretation of existing regulations could cause a material
adverse affect for the market for our services if these laws or regulations
require significant capital outlays or restrictions on our businesses or if we
fail to maintain compliance with any newly enacted regulations.

THE POTENTIAL LIABILITY OF INTERNET ACCESS PROVIDERS IS UNCERTAIN.

      We do not currently offer Internet access to our customers. However, we
plan to resell such services on a monthly recurring revenue basis in the future.
The law governing the liability of on-line service providers and Internet access
providers for participating in the hosting or transmission of objectionable
materials or information currently is unsettled. Because we do not expect to
hold ourselves out as editing or otherwise controlling the content of
communications that traverse our systems, we are generally unaffected by
government content regulation.

      However, the ultimate imposition of potential liability on Internet access
providers for information, which they host, distribute, or transport, could
materially change the way they must conduct business. To avoid undue exposure to
such liability, Internet access providers could be compelled to engage in
burdensome investigation of subscriber materials or even discontinue offering
services altogether. Any such event could have a material adverse effect on our
business, results of operations and financial condition.

THE SUCCESS OF OUR BUNDLED DIGITAL SERVICES IS SUBJECT TO MANY FACTORS BEYOND
OUR CONTROL.

      The success of our bundled digital services is dependent on residential
and commercial development and construction. As such, we are subject to the same
national and regional economic and demographic factors that affect demand in the
housing industry generally. These factors include inflation, the costs of raw
materials, interest rates, the availability of financing, and consumer
confidence. Any of these factors could cause development of residential and
commercial properties to be limited or discontinued which could cause a material
adverse effect on the success of our bundled digital services.

THERE IS A LIMITED TRADING MARKET FOR OUR COMMON STOCK.

      From the period May 15, 2000 through March 1, 2001, PWEC's stock had been
delisted. We complied with the requirements to relist our stock and began
trading on March 2, 2001 under the name IntelliReady, Inc. (OTC:BB-IRDI). Our
common stock is listed on the Over the Counter Bulletin




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Board. We currently have no reliable way to estimate the average daily trading
volume for our common stock. We cannot assure that a more active trading market
will develop. Because there is a small public float in our common stock and it
is thinly traded, sales of small amounts of common stock in the public market
could materially adversely affect the market price for our common stock. If a
more active market does not develop, we may not be able to sell shares in the
future promptly, for prices that we deem appropriate, or perhaps at all.

OUR COMMON STOCK IS SUBJECT TO PENNY STOCK REGULATION.

    The Securities and Exchange Commission (the "SEC") has adopted rules that
regulate broker-dealer practices in connection with transactions in "penny
stocks". Generally, penny stocks are equity securities with a price of less than
$5.00 (other than securities registered on national securities exchanges or
quoted on the NASDAQ system). While our shares are trading for less than $5 per
share, the shares will be subject to the SEC's penny stock rules unless (1) our
net tangible assets exceed $5,000,000 during our first three years of continuous
operations or $2,000,000 after our first three years of continuous operations;
or (2) we have had average revenue of at least $6,000,000 for the last three
years. The penny stock rules require a broker-dealer, prior to a transaction in
a penny stock not otherwise exempt from the rules, to deliver a standardized
risk disclosure document prescribed by the SEC that provides information about
penny stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
salesperson in the transaction and monthly account statements showing the market
value of each penny stock held in the customer's account. In addition, the penny
stock rules require that prior to a transaction in a penny stock not otherwise
exempt from those rules, the broker-dealer must make a special written
determination that the penny stock is a suitable investment for the purchaser
and receive the purchaser's written agreement to the transaction. These
requirements may have the effect of reducing the level of trading activity in
the secondary market for a stock that becomes subject to the penny stock rules.
As long as the common stock is subject to the penny stock rules, shareholders
may find it difficult to sell their common stock.

A BLOCK OF OUR STOCK IS OWNED BY INSIDERS.

      As of March 26, 2001, our current officers and directors as a group,
together with their affiliates, beneficially owned approximately 71% of our
stock. Accordingly, these stockholders will have substantial influence over our
policies and management.

WE HAVE NOT PAID DIVIDENDS AND DO NOT EXPECT TO DO SO IN THE FORESEEABLE
FUTURE, SO OUR STOCKHOLDERS WILL NOT BE ABLE TO RECEIVE A RETURN ON THEIR
INVESTMENT WITHOUT SELLING THEIR SHARES.

      We have not paid dividends since our inception and do not expect to in the
foreseeable future, so our stockholders will not be able to receive a return on
their investments without selling their shares. We presently anticipate that all
earnings, if any, will be retained for development of our business. Any future
dividends will be subject to the discretion of the board of directors and will
depend on, among other things, future earnings, our operating and financial
condition, our capital requirements and general business conditions.

THE MARKET PRICE OF OUR COMMON STOCK COULD BE ADVERSELY AFFECTED BY SALES OF
SUBSTANTIAL AMOUNTS OF COMMON STOCK IN THE PUBLIC MARKET OR THE PERCEPTION THAT
SUCH SALES COULD OCCUR.

      As of March 26, 2001, we had 10,488,916 shares of common stock
outstanding. Approximately 1,224,666 additional shares of common stock were
issuable upon the exercise of outstanding options, warrants and convertible
securities. The market price of our common stock could be adversely affected by
sales of substantial amounts of common stock in the public market or the
perception that such sales could occur.



                                                                         Page 10
<PAGE>   11
ITEM 2.     DESCRIPTION OF PROPERTIES

      Our principal offices are located in the Denver, Colorado metropolitan
area, consisting of approximately 9,500 square feet of space. We lease this
space under an agreement that expires in July of 2004 at a current annual base
rental of approximately $95,000, net of amortization of deferred rent.

ITEM 3.     LEGAL PROCEEDINGS

     On February 8, 2001 we entered into an agreement with Michael D. Murdock
and Yolanda Hoff, the founders of Time Direct, to terminate their employment,
extinguish all obligations between the parties and resolve all past and present
disputes with a mutual, legal release. In the agreement we gave up all rights to
the name Time Direct and the Enhanced Living website. We were not using either
of those assets and had no intention of doing so in the foreseeable future. The
parties to the agreement are free to contact and solicit any of our customers;
however, Mr. Murdock and Ms. Hoff have agreed not to solicit for employment any
of our current employees except the two employees who previously worked for Mr.
Murdock and Ms. Hoff at Time Direct. We agreed to transfer two vans that were
previously owned by Time Direct and pay $60,000 in exchange for cancellation of
a $200,000 promissory note and two four-year employment contracts, with base
annual salaries of $100,000. These employment agreements had approximately three
and one-fourth (3.25) years remaining and required us to grant significant stock
options to Mr. Murdock and Ms. Hoff. We maintain rights and obligations to all
remaining assets and liabilities originally acquired in the acquisition of Time
Direct. Further, Mr. Murdock and Ms. Hoff agreed that they are not entitled to
any stock or stock options except for the aggregate 40,000 shares of our stock
that they currently own. We believe this was a very positive resolution of this
dispute.

         On December 14, 2000 we settled a dispute with Pyramid Equipment
Leasing Corporation ("Pyramid") for approximately $25,000 on behalf of our
predecessor company, PWEC. This dispute involved a deposit paid to Pyramid for
services to be performed. It was PWEC's position that Pyramid never performed
services and was required to refund the deposit. PWEC was awarded a default
judgment on May 28, 1998. The ultimate settlement was in excess of the deposit
but less than the judgment, which included attorney's fees and interest.

      Additionally, we may be subject to legal proceedings and claims that arise
in the ordinary course of business. We are not currently aware of any such
proceeding. We do not expect that the results in any potential legal proceedings
will have a material adverse effect on our financial condition or results of
operations.

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

      We held a special meeting of shareholders on November 8, 2000 to vote on
issues disclosed in the Company's Definitive Information Statement, Form 14C
filed with the SEC on October 19, 2000, incorporated herein by this reference.
There were no other matters submitted to a vote of the security holders in the
fourth quarter of the year ended December 31, 2000.

                                     PART II

ITEM 5. MARKET FOR OUR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

      Until May 15, 2000, shares of our predecessor company, PWEC, were traded
on the Over-the-Counter Bulletin Board ("OTC:BB") under the symbol "PWEC".
PWEC's stock was delisted from the OTC:BB on May 15, 2000 because of PWEC's
failure to comply with Rule 15c2-11 and the provisions of the Securities and
Exchange Act of 1934 generally. We have since complied with those reporting
requirements, changed our symbol to "IRDI" and are currently quoted on the
OTC:BB.

         High and low prices reported below are from the OTC:BB and reflect
inter-dealer prices, without retail mark-ups, markdowns or commissions and may
not necessarily represent actual transactions.


                                                                         Page 11
<PAGE>   12
<TABLE>
<CAPTION>
                           Quarter Ended                               HIGH             LOW
         ----------------------------------------                     ------          ------
<S>                                                                   <C>             <C>

         March 31, 2000                                                (1)              (1)
         June 30, 2000                                                 (1)              (1)
         September 30, 2000                                            (1)              (1)
         December 31, 2000                                             (1)              (1)
         March 31, 2001                                                (1)              (1)
</TABLE>

         (1)   Due to the fact we commenced operations on May 18, 2000 with the
               acquisition of Time Direct, the reverse merger with our
               predecessor company, PWEC, was not consummated until October 4,
               2000 and our common stock was delisted for periods including the
               second quarter through the end of 2000 and was not traded again
               until March 2, 2001, no trading information is presented for
               those periods. On March 21, 2001 the closing bid and ask price
               for our common stock was 1 5/8 and 2 1/8, respectively.

      We have not paid dividends since our inception and do not expect to in the
foreseeable future, so our stockholders will not be able to receive a return on
their investments without selling their shares. We presently anticipate that all
earnings, if any, will be retained for development of our business. Any future
dividends will be subject to the discretion of the board of directors and will
depend on, among other things, future earnings, our operating and financial
condition, our capital requirements and general business conditions.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

RESULTS OF OPERATIONS

         Due to the fact we commenced operations on May 18, 2000 with the
acquisition of Time Direct the following discussions and analysis by our
management is prepared for the period ended December 31, 2000.

         We currently provide structured wiring to new construction and on a
retrofit basis to existing homes. Additionally we sell and install consumer
electronics products, including without limitation, audio video components,
computers and related products, home technology products, and security systems.
We intend to provide bundled digital services to our customers and currently
offer security system monitoring and maintenance.

         It is our belief that by establishing a relationship with the homeowner
we will be in position to offer them a full range of bundled digital services.
This will likely be accomplished by directing these services through a central
control device located in the home. We refer to this device as an IntelliReady
gateway. By offering these services on a single recurring monthly bill, we
believe we can simplify homeowners' lives and enhance their quality of service.

FISCAL 2000

      The following table sets forth certain operating information regarding the
period ended December 31, 2000:

<TABLE>
<CAPTION>
                                                                                             2000
                                                                                         ------------
<S>                                                                                      <C>
          Revenues ...................................................................   $   512,429
          Costs and expenses .........................................................     1,805,682
          Loss from operations .......................................................    (1,293,253)
          Net loss ...................................................................   $(1,263,495)
          Basic loss per share .......................................................   $      (.13)
</TABLE>




                                                                         Page 12
<PAGE>   13
           The following summary table presents cash flows of the Company for
the period ended December 31, 2000:

<TABLE>
<CAPTION>
                                                                                             2000
                                                                                           -------
<S>                                                                                        <C>
          Net cash used by operating activities ......................................     $757,612
          Net cash provided by investing activities ..................................     $201,247
          Net cash provided by financing activities ..................................     $622,404
</TABLE>

      Cash used in operating activities for the period ended December 31, 2000
was $757,612. The primary components of cash used were a net loss of $1,263,495,
an increase in accounts receivable of $47,514 and an increase in inventories and
other assets of $97,161 and $38,150, respectively. These uses were partially
offset by an increase in accounts payable of $399,793, stock issued for services
of $180,652 and capital contributed for services of $52,848. Cash provided by
investing activities was $201,247. The primary components of cash provided were
the cash acquired in the reverse merger of $230,999 and the acquisition of Time
Direct of $23,275, partially offset by purchases of equipment in the amount of
$53,027. Cash provided by financing activities for the 2000 period was $622,404,
which was provided primarily by the sale of Company common stock of $1,203,175
partially offset by repayments of debt in the amount of $515,000.

      REVENUES. Total revenue for the period ended December 31, 2000 was
$512,429. We acquired one company during 2000 and entered into a subcontractor
relationship with another and expanded their operations.

      Revenues from consumer electronics component sales were $154,692 for the
2000 period. Component revenues are derived from the sale of consumer
electronics. This revenue is a direct result of the business operations
described above.

      Revenues from structured wiring and installation services solutions for
residential customers were $353,876 for the 2000 period. We deployed our
structured wiring solutions in approximately 200 homes in the Denver area during
the period ended December 31, 2000. A total of 30 homebuilders used our
structured wiring solutions during this period. We currently have a backlog of
new homes under contract.

         COSTS AND EXPENSES. Costs and expenses for the period ended December
31, 2000 were $1,805,682.

         Cost of sales was $418,890 for the 2000 period, consisting of $141,939
for labor, $270,081 for materials and $6,870 for fuel, freight and delivery. The
gross profit margin on total sales in 2000 was 18%. We expect this margin, as a
percentage of sales, to improve as our buying power improves and economies of
scale are realized.

         Selling, general and administrative expenses for the period ended
December 31, 2000 were $1,313,808. During 2000, we concentrated on building
sales, marketing and management infrastructure for implementation of our
business plan. We added key management and other personnel in all areas of our
organization to provide support for acquisition activity and the development of
our Bundled Digital Services offering.

         As a result of establishing our infrastructure, salaries and related
expenses for the 2000 period were substantially greater as a percentage of
sales, than we anticipate in the future. Salaries and related expenses for the
2000 period were $612,366. We had 27 management, sales, administrative and field
personnel at December 31, 2000.

      Legal fees for the 2000 period were $6,190. Legal fees were related to SEC
filings, litigation and general corporate matters. Accounting fees were $68,171
and were comprised of expenses associated with PWEC's audit for the year ended
December 31, 1999, SEC reporting and compliance and outside consultants. The
cost of investor relations was $49,297 for 2000. These expenses are comprised of
transfer agent expenses, investor relations firm fees, printing and postage and
outside consultants. Rents were $47,020 for fiscal 2000. The primary component
of this category was the cost associated with the Company's office lease. Other
selling, general and administrative expenses were $530,763 in fiscal 2000. This
category is primarily comprised of travel and entertainment expenses, outside
consultants, recruiting, advertising, insurance, office supplies and telephone
and communications expenses.




                                                                         Page 13
<PAGE>   14
      We have recorded goodwill equivalent to the excess of the cost of the
company acquired over the fair value of their net assets at the date of
acquisition. We are amortizing this cost over a ten-year period. Amortization of
goodwill was $11,778 for the 2000 period. Depreciation expense for the 2000
period was $8,268.

      OTHER INCOME/EXPENSE. Other income and expense is comprised of interest
income and expense and income from the settlement of litigation. We earned
$5,254 in interest during the period ended December 31, 2000. Interest expense
during 2000 was $52,938. Income from settlement of litigation and other
miscellaneous income was $24,504.

      CAPITAL EXPENDITURES

      The Company incurred capital expenditures for tenant finish, computer
equipment, tools and vehicles, and other office equipment. Capital expenditures
for the period ended December 31, 2000, totaled $53,027.

      CAPITAL RESOURCES

      During 2000, our capital resources have been provided primarily through
one private placement of common stock and a note payable to Compass Bancshares,
Inc. Our stock was placed to a total of 50 entities and realized $1,168,075, net
of offering costs of $83,850. In addition, we issued 126,935 shares of common
stock for services valued at $180,652 and issued 487,332 shares of common stock
for $230,999 in the reverse merger with PWEC. Furthermore, we issued 40,000
shares of common stock for the settlement of $60,000 of debt to the founders of
Time Direct.

         We borrowed $885,000 under a note payable on May 4, 2000. We paid
$500,000 of the principal balance during 2000, primarily from funds raised in
the private placement. The note matures on May 4, 2001 and carries an interest
rate of nine and eight tenths percent (9.8%) per annum. Substantially all of the
remaining resources were consumed in the ordinary course of business.

         Additionally, we issued a promissory note on February 14, 2001 to NWH,
a related party, due on demand, in the principal amount of $315,000 at an annual
interest rate of ten percent (10%).

         NWH has agreed to fund our operations under a line of credit ("LOC")
agreement dated February 14, 2001. The terms of this LOC state that the amounts
drawn under the line are payable on demand and carry an interest rate of ten
percent (10%); provided that the interest rate may be adjusted in the event the
prime rate increases. As of March 26, 2001, we had drawn $446,376 on this LOC.
NWH has agreed to fund our operations for the remainder of the 2001 period
subject to the terms of the LOC; however, we intend to replace this LOC with
bank debt.

      LIQUIDITY

      The ability to satisfy our obligations depends in part upon our ability to
reach a profitable level of operations and securing short and long-term
financing for development of our commercial and residential products and
services. We are currently in discussions with other financial institutions to
provide additional funding through a combination of debt and equity to fund our
business plan. There is no assurance that short and long-term financing can be
obtained to fulfill our capital needs. Without the short or long-term financing,
we will attempt to sell additional common stock to meet our current and future
capital needs. If we are not able to obtain either short or long-term funding or
funding through the sale of our common stock, we will be required to cut back
our expansion plans and operate and fund our operations with internally
generated funds from our components integration, and structured wiring business
units and additional draws on our LOC with NWH, discussed above.

      IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In 1999 the FASB issued Statement No. 133, Accounting for Derivative Instruments
and Hedging Activities. The adoption by the Company of Statement 133 did not
impact the Company's financial statements.




                                                                         Page 14
<PAGE>   15

The Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin
(SAB) 101, Revenue Recognition in Financial Statements, in December 1999. The
SAB summarizes certain of the SEC staff's views in applying generally accepted
accounting principles to revenue recognition in financial statements. In June
2000, the SEC issued SAB 101B, which delays the implementation date of SAB 101
until no later than the fourth fiscal quarter of fiscal years beginning after
December 15, 1999. The Company does not believe that adoption of this SAB will
have a material impact on its financial statements.

ITEM 7.     FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


                                                                         Page 15
<PAGE>   16





                          INDEX TO FINANCIAL STATEMENTS


<TABLE>
<CAPTION>

                                                                                                          PAGE
                                                                                                          ----
<S>                                                                                                      <C>
INTELLIREADY, INC. AND SUBSIDIARY
Independent Auditors' Report                                                                               F-2

Consolidated Financial Statements:
     Balance Sheet                                                                                         F-3

     Statement of Operations                                                                               F-4

     Statement of Changes in Stockholders' Equity (Deficit)                                                F-5

     Statement of Cash Flows                                                                               F-6

Notes to Consolidated Financial Statements                                                                 F-7
</TABLE>


                                      F-1

<PAGE>   17









                                AJ. ROBBINS, P.C.
                        3033 EAST FIRST AVENUE, SUITE 201
                             DENVER, COLORADO 80206


                          INDEPENDENT AUDITORS' REPORT



To the Board of Directors and Stockholders
of IntelliReady, Inc.
Aurora, Colorado


We have audited the accompanying consolidated balance sheet of IntelliReady,
Inc. and Subsidiary as of December 31, 2000, and the related consolidated
statements of operations, changes in stockholders' equity (deficit), and cash
flows for the period then ended. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these consolidated 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 consolidated 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 consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of
IntelliReady, Inc. and Subsidiary as of December 31, 2000, and the consolidated
results of its operations and their cash flows for the period then ended in
conformity with generally accepted accounting principles.



                                     AJ. ROBBINS, P.C.
                                              CERTIFIED PUBLIC ACCOUNTANTS
                                                       AND CONSULTANTS



DENVER, COLORADO
MARCH 2, 2001


                                      F-2
<PAGE>   18




                               INTELLIREADY, INC.
                           CONSOLIDATED BALANCE SHEET
                                DECEMBER 31, 2000

<TABLE>

<S>                                                                                   <C>
                                                      ASSETS


CURRENT ASSETS:
     Cash                                                                             $     66,039
     Trade accounts receivable                                                             115,139
     Inventory                                                                              97,161
     Other assets                                                                           38,150
                                                                                      ------------

                  Total Current Assets                                                     316,489

PROPERTY AND EQUIPMENT, net                                                                197,863

GOODWILL, net                                                                              176,669
                                                                                      ------------

                                                                                      $    691,021
                                                                                      ============

                                   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
     Payable, related parties                                                         $      6,000
     Accounts payable                                                                      220,849
     Accrued expenses                                                                      203,154
     Bank note payable                                                                     385,000
     Deferred income                                                                        13,202
     Capital lease obligations, current portion                                             52,242
     Current portion of long-term debt                                                       5,727
     Current portion of long-term debt, Time Direct , LLC acquisition                       82,267
                                                                                      ------------

                  Total Current Liabilities                                                968,441

DEFERRED RENT                                                                               23,667

CAPITAL LEASE OBLIGATIONS, net of current portion                                           29,086

LONG-TERM DEBT, net of current portion                                                       4,265

LONG TERM DEBT, Time Direct, LLC acquisition, net of current portion                        90,733
                                                                                      ------------

                  Total Liabilities                                                      1,116,192
                                                                                      ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock, no par value, 10,000,000 shares authorized - none
        issued                                                                                  --
     Common stock, no par value, 65,000,000 shares authorized -
        10,488,916 shares issued and outstanding                                         2,139,726
     Contributed capital                                                                    58,598
     Accumulated (deficit)                                                              (2,623,495)
                                                                                      ------------

                  Total Stockholders' Equity  (Deficit)                                   (425,171)
                                                                                      ------------

                                                                                      $    691,021
                                                                                      ============
</TABLE>


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                      F-3
<PAGE>   19







                               INTELLIREADY, INC.
                      CONSOLIDATED STATEMENT OF OPERATIONS
                        FOR THE PERIOD FROM MAY 18, 2000
                              TO DECEMBER 31, 2000






<TABLE>
<S>                                                      <C>
REVENUES                                                 $    512,429
                                                         ------------



COSTS AND EXPENSES:
     Cost of sales                                            418,890
     General and administrative                             1,313,808
     Depreciation and amortization                             20,046
     Interest expense                                           2,885
     Interest expense - related parties                        50,053
                                                         ------------

                  Total Expenses                            1,805,682
                                                         ------------

OTHER INCOME
     Interest income                                            5,254
     Other income                                              24,504
                                                         ------------

                  Total Other Income                           29,758
                                                         ------------

NET (LOSS)                                               $ (1,263,495)
                                                         ============


NET (LOSS) PER COMMON SHARE - BASIC                      $       (.13)
                                                         ============


WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        9,802,626
                                                         ============
</TABLE>

           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                      F-4
<PAGE>   20

                               INTELLIREADY, INC.
       CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
                FOR THE PERIOD MAY 18, 2000 TO DECEMBER 31, 2000


<TABLE>
<CAPTION>

                                                                      STOCK
                                          COMMON STOCK             SUBSCRIPTION     CONTRIBUTED      ACCUMULATED
                                      SHARES          AMOUNT        RECEIVABLE       CAPITAL          (DEFICIT)          TOTAL
                                   -----------     -----------     ------------     -----------      -----------      -----------
<S>                                  <C>           <C>              <C>             <C>              <C>              <C>
BALANCES,
   MAY 18, 2000                      9,000,000     $   500,000      $  (500,000)    $        --      $  (574,261)     $  (574,261)

   Payment for stock
     subscription                           --              --          500,000              --               --          500,000

   Payments to related
     parties                                --              --               --              --         (785,739)        (785,739)

   Contributed capital,
     services                               --              --               --          52,848               --           52,848

   Contributed capital, cash                --              --               --           5,750               --            5,750

   Stock issued for debt to
     Time Direct, LLC                   40,000          60,000               --              --               --           60,000

   Stock issued for services           126,935         180,652               --              --               --          180,652

   Stock issued in private
     placements, net of
     offering costs of $83,850         834,649       1,168,075               --              --               --        1,168,075

   Stock issued in reverse
     merger with PanWestern
     Energy Corp.                      487,332         230,999               --              --               --          230,999

   Net (loss)                               --              --               --              --       (1,263,495)      (1,263,495)
                                   -----------     -----------      -----------     -----------      -----------      -----------

BALANCES, DECEMBER 31, 2000         10,488,916     $ 2,139,726      $        --     $    58,598      $(2,623,495)     $  (425,171)
                                   ===========     ===========      ===========     ===========      ===========      ===========
</TABLE>


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                      F-5



<PAGE>   21




                               INTELLIREADY, INC.
                      CONSOLIDATED STATEMENT OF CASH FLOWS
              FOR THE PERIOD FROM MAY 18, 2000 TO DECEMBER 31, 2000

<TABLE>
<S>                                                                     <C>
CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
     Net (loss)                                                         $ (1,263,495)
     Adjustments to reconcile net (loss) to net cash from operating
     activities:
              Depreciation and amortization                                   20,046
              Stock issued for services                                      180,652
              Contributed capital for services                                52,848
              Changes in assets and liabilities:
                  Accounts receivable                                        (47,514)
                  Other assets                                               (38,150)
                  Inventory                                                  (97,161)
                  Payables, related parties                                   (1,500)
                  Accounts payable and accrued expenses                      399,793
                  Deferred revenue                                            13,202
                  Deferred rent                                               23,667
                                                                        ------------

                        Net Cash (Used) by Operating Activities             (757,612)
                                                                        ------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
     Cash acquired-acquisition of subsidiary                                  23,275
     Cash acquired in reverse merger                                         230,999
     Purchase of equipment                                                   (53,027)
                                                                        ------------

                       Net Cash Provided by Investing Activities             201,247
                                                                        ------------

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
     Payment of long-term debt                                                (4,433)
     Payment of bank note payable                                           (500,000)
     Payment of long-term debt, Time Direct, LLC                             (15,000)
     Payment of capital lease obligations                                    (39,488)
     Sale of common stock                                                  1,203,175
     Payment of offering costs                                               (27,600)
     Cash contributed by stockholder                                           5,750
                                                                        ------------

                       Net Cash Provided by Financing Activities             622,404
                                                                        ------------

INCREASE IN CASH                                                              66,039

CASH, beginning of period                                                         --
                                                                        ------------

CASH, end of period                                                     $     66,039
                                                                        ============

See Note 11
</TABLE>


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


                                       F-6
<PAGE>   22




                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

HISTORY

Wiens Industries, Inc. was organized under the laws of the State of Colorado on
April 21, 1998. It was in the development stage as defined in Financial
Accounting Standards Board Statement No. 7 until the acquisition of IntelliReady
of Colorado (IROC) formerly known as Time Direct, LLC (Time Direct) (see Note
2). Prior to the acquisition of Time Direct, Wiens Industries, Inc. had not
commenced operations.

In October 2000 Wiens Industries, Inc. was acquired by Pan Western Energy Corp.
(Pan Western), a public entity in exchange for 81,201,789 shares of Pan Western.
Prior to the merger, Pan Western previously had operated in the oil and gas
industry and transferred all of its oil and gas properties in exchange for
settlement of its then outstanding liabilities. Pan Western then changed its
name to IntelliReady, Inc., re-incorporated in Colorado and implemented a one
for 8.25780933 reverse split. Prior to the merger, Pan Western had granted
warrants to purchase its common stock to one of its lenders. Concurrent with the
merger, the Company granted the lender warrants to purchase 70,000 shares of the
Company's common stock for $7.00 per share and cancelled all outstanding Pan
Western warrants. For financial reporting purposes, the acquisition is treated
as a reverse merger, whereby Wiens Industries is treated as the accounting
acquirer reporting under the name of IntelliReady, Inc. (the Company).

ACTIVITY

The Company is a residential system integrator that installs and services entire
home entertainment systems, security and surveillance systems, telephone
systems, computer networks and home theaters. The Company's strategy is to
increase revenues through strategic acquisitions. The Company has not completed
any acquisitions other than Time Direct and does not have any letters of intent
for acquisitions.

PRINCIPLES OF CONSOLIDATION

The accompanying consolidated financial statements include the accounts of the
Company and its wholly owned subsidiary IROC. All significant intercompany
accounts and transactions have been eliminated in consolidation.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents consist primarily of cash in banks and highly liquid
investments with original maturities of 90 days or less.

                                      F-7
<PAGE>   23
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value of financial instruments approximate carrying value due to the short
maturity of the instruments. Fair value of notes payable was based upon current
borrowing rates available for financing with similar maturities.

MANAGEMENT'S PLAN

The majority stockholder of the Company has agreed that he will continue to use
his best efforts to financially support the Company with any cash flow
deficiencies it may have in their calendar year end 2001 through a revolving
line of credit bearing interest at 10%.

INCOME TAXES

The Company uses the liability method of accounting for income taxes pursuant to
Statement of Financial Accounting Standards No. 109. Under this method, deferred
income taxes are recorded to reflect the tax consequences in future years of
temporary differences between the tax basis of the assets and liabilities and
their financial amounts at year end.

For federal income tax purposes, substantially all expenses must be deferred
until the Company commences business and then they may be written off over a
60-month period. Therefore, $1,360,000 of net losses incurred in the period from
April 21, 1998 (inception) to May 18, 2000 have not been deducted for tax
purposes and represent a deferred tax asset. The Company commenced operations on
May 18, 2000. The Company has a net operating loss of approximately $2,600,000,
which expires in 2020. The Company is providing a valuation allowance in the
full amount of the deferred tax asset since there is no assurance of future
taxable income. Tax deductible losses can be carried forward for 20 years until
utilized.

GOODWILL

Goodwill represents the excess of cost over the fair value of assets acquired
and is amortized using the straight-line method over 10 years. The Company
assesses the recoverability of its goodwill whenever adverse events or changes
in circumstances or business climate indicate that expected future cash flows
(undiscounted and without interest charges) for individual business units may
not be sufficient to support recorded goodwill. If undiscounted cash flows are
not sufficient to support the recorded asset, impairment is recognized to reduce
the carrying value of the goodwill based on the expected discounted cash flows
of the business unit. Expected cash flows are discounted at a rate commensurate
with the risk involved. Amortization expense for the period ended December 31,
2000 was $11,778.



                                      F-8
<PAGE>   24
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

IMPAIRMENT OF LONG LIVED ASSETS

The Company evaluates its long lived assets by measuring the carrying amount of
the assets against the estimated undiscounted future cash flows associated with
them. At the time such evaluations indicate the future undiscounted cash flows
of certain long lived assets are not sufficient to cover the carrying value of
such assets, the assets are adjusted to their fair values. No adjustment to the
carrying value of the assets has been made.

STOCK-BASED COMPENSATION

The Company accounts for stock based compensation in accordance with the
Financial Accounting Standards Board Statement of Financial Accounting Standards
No. 123 "Accounting for Stock-Based Compensation" (SFAS No. 123). Under the
provisions of SFAS No. 123, companies can either measure the compensation cost
of equity instruments issued under employee compensation plans using a fair
value based method, or can continue to recognize compensation cost using the
intrinsic value method under the provisions of APB No. 25. However, if the
provisions of APB No. 25 are continued, proforma disclosures of net income or
loss and earnings or loss per share must be presented in the financial
statements as if the fair value method had been applied. The Company recognizes
compensation costs under the provisions of APB No. 25 and provides the expanded
disclosure required by SFAS No. 123.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In 1999 the FASB issued Statement No. 133, Accounting for Derivative Instruments
and Hedging Activities. The adoption by the Company of Statement 133 did not
impact the Company's financial statements.

The Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin
(SAB) 101, Revenue Recognition in Financial Statements, in December 1999. The
SAB summarizes certain of the SEC staff's views in applying generally accepted
accounting principles to revenue recognition in financial statements. In June
2000, the SEC issued SAB 101B, which delays the implementation date of SAB 101
until no later than the fourth fiscal quarter of fiscal years beginning after
December 15, 1999. The Company does not believe that adoption of this SAB will
have a material impact on its financial statements.

EARNINGS (LOSS) PER COMMON SHARE

During 1997 the Financial Accounting Standard Board (FASB) issued Statement of
Financial Accounting Standards No. 128, "Earnings per Share" (SFAS 128). SFAS
128 replaced the calculation of primary and fully diluted earnings per share
with basic and diluted earnings per share. Basic earnings (loss) per common
share is computed based upon the weighted average number of common shares
outstanding during the period. Diluted earnings per share consists of the
weighted average number of common shares outstanding plus the dilutive effects
of options and warrants calculated using the treasury stock method. In loss
periods, dilutive common equivalent shares are excluded as the effect would be
anti-dilutive.


                                      F-9
<PAGE>   25
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS

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

WARRANTY POLICY

The Company warrants all materials and workmanship for a period of one year from
the date of completion. Any warranties and/or manufacturers' guarantees on
consumer products are supplied to the customer. The Company has not experienced
any warranty costs to date and has not recorded an allowance as of December 31,
2000.

GEOGRAPHIC CONCENTRATION

The Company currently operates in the Denver, Colorado metropolitan area and is
subject to the construction and home improvement market conditions in that area.

CONCENTRATIONS OF CREDIT RISK

Financial instruments which potentially expose the Company to concentrations of
credit risk consist primarily of trade accounts receivable. The Company's
customer base includes three significant home builders. Although the Company is
directly affected by the financial well-being of the home building industry,
management does not believe significant credit risk existed at December 31,
2000.

At December 31, 2000 the accounts receivable balance for two major customers
totaled $32,424 or 26% of the total accounts receivable balance.

Revenues for services provided to one customer accounted for approximately 13%
of revenues in 2000.

The Company maintains all cash in bank deposit accounts which at times may
exceed federally insured limits. The Company has not experienced a loss in such
accounts.

INVENTORIES

Inventories consisting of products purchased for resale and parts and supplies
for installation are valued at the lower of cost (first-in, first-out) or
market.

PROPERTY AND EQUIPMENT

Furniture and equipment is recorded at cost. Depreciation expense is provided on
a straight-line basis using the estimated useful lives of 5-7 years.
Depreciation expense for the period ended December 31, 2000 was $8,268.

                                      F-10

<PAGE>   26
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

REVENUE RECOGNITION

Revenues are recognized as work is completed.

YEAR 2000 ISSUES

To date the Company has not experienced any interruptions with respect to the
Year 2000 issue, but cannot reasonably predict with certainty that they will not
experience any interruptions.

NOTE 2 - ACQUISITION OF TIME DIRECT, LLC

On May 18, 2000, the Company acquired all of the issued and outstanding limited
liability interests of Time Direct, LLC, a Colorado limited liability company.
Time Direct's principal business is pre-wiring homes for integrated
communication, audio and video services. Subsequent to the acquisition, Time
Direct had been operating under the business name IntelliReady Homes and is now
known as IntelliReady of Colorado (IROC). The purchase price has been allocated
as follows:

<TABLE>

<S>                                       <C>
Cash                                      $     23,275
Accounts receivable                             67,625
Property and equipment                          32,288
Accounts payable and accrued expenses          (24,210)
Notes payable                                  (14,425)
Goodwill                                       188,447
                                          ------------

         Total purchase price                  273,000
Notes payable                                 (248,000)
                                          ------------

Cash paid at closing                      $     25,000
                                          ============
</TABLE>

The $248,000 notes payable consist of a $75,000 non-interest bearing promissory
note paid in July 2000 when the Company issued 40,000 shares of common stock in
exchange for $60,000 of the above debt and repaid $15,000 in cash and a $200,000
non-interest bearing promissory note due in equal $100,000 installments on May
18, 2001 and 2002, respectively. The Company imputed interest at 9.8% on the
note in the amount of $27,000 and reduced the note by this amount. The Company
recognizes interest expense over the life of the loan. The Company was relieved
of the $200,000 note payable subsequent to year end. (See Note 6)

IROC was recently established. Proforma results are not presented due to
immaterial operations.


                                      F-11
<PAGE>   27
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 3 - PAYMENTS TO RELATED PARTIES

During the periods ended December 31, 1999 and December 31, 2000, the Company
accrued for and subsequently paid to certain related party entities controlled
by the Company's then sole stockholder payments for efforts made on behalf of
the Company prior to the commencement of operations of the Company. The payments
were made in cash and equity and were recorded as expense through a reduction to
retained earnings.

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

<TABLE>
<CAPTION>

                                                        DECEMBER 31,
                                                            2000
                                                        ------------

<S>                                                     <C>
Furniture and fixtures                                  $    127,629
Equipment                                                     29,788
Leasehold improvements                                        48,714
                                                        ------------
                                                             206,131
     Less accumulated depreciation and amortization           (8,268)
                                                        ------------

                                                        $    197,863
                                                        ============
</TABLE>


NOTE 5 - LONG-TERM DEBT

Long-term debt consisted of the following:

<TABLE>
<CAPTION>

                                                             DECEMBER 31,
                                                                 2000
                                                             ------------
<S>                                                          <C>
Two notes payable to a financing company; each note has
    monthly payments of $268, interest at 8.49%, secured
    by equipment and due October 2002                        $      9,992

         Less current portion                                       5,727
                                                             ------------

                                                             $      4,265
                                                             ============
</TABLE>


                                      F-12
<PAGE>   28
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 6 - COMMITMENTS AND CONTINGENCIES

CONSULTING AGREEMENTS

During April 2000 the Company entered into a consulting agreement for executive
recruiting. The Company issued common stock valued at $226,000.

During June 2000 the Company entered into a consulting agreement for financial
advisory and investment banking services for a term of one year. The fee for the
financial advisory services will not exceed $15,000. Additionally, the Company
has agreed to pay a fee of 4% of all funds raised by the Company from investors
located by the consultant. The Company has not incurred any fees as of December
31, 2000.

In September 2000 the Company entered into a financial consulting agreement with
Equity Investor Communications, Inc. (Consultant) for financial consulting
advice. The Company will pay a monthly retainer of $5,000. The Company also
issued warrants expiring in September 2010 for the Consultant to purchase up to
50,000 shares of common stock at $2.50 and 50,000 shares of common stock at
$4.50 valued at $63,000. The agreement expires in September 2001.

OPERATING LEASE

In August 2000 the Company entered into a forty-eight month lease for office
space occupied by its subsidiary. The lease commenced in December 2000 after
leasehold improvements were completed.

Future minimum operating lease commitments as of December 31, 2000 are as
follows:

<TABLE>
<CAPTION>

Year Ended December 31,                        Amount
-----------------------               ---------------
<S>                                   <C>
2001                                  $      95,000
2002                                  $     100,000
2003                                  $     106,000
2004                                  $     109,000
</TABLE>

Rent expense was $47,020 for the period ended December 31, 2000.


                                      F-13
<PAGE>   29
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 6 - COMMITMENTS AND CONTINGENCIES (CONTINUED)

EMPLOYMENT AGREEMENTS

The Company had entered into employment agreements with the former interest
owners of Time Direct. The agreements were for terms of four years each and
called for annual base salaries of $100,000 and performance based cash bonuses.
The employees were to receive annual stock options (Annual Options), based upon
the employees' current salaries and prior year bonuses divided by the average
bid and ask price for the 10 consecutive days immediately after the date of
grant. The employees were also to receive additional options (Original Options),
based upon the employees' current salaries and current year bonuses divided by
the average bid and ask price for the 10 trading days immediately following the
conversion of the Company to a public reporting company or the price per share
for which the Company's shares are sold in an initial public offering prior to
December 31, 2000. The agreements were terminated in February 2001. In
consideration of their resignations they received $60,000, were allowed to
contact and solicit customers, and released the Company of the note payable
obligation of $200,000.

During 2000 the Company entered into employment agreements with certain
executives that provide for annual salaries ranging from $60,000 to $180,000,
bonuses of 20% to 30% of base pay, and granted 1,000,000 stock options to
purchase the Company's common stock which vest over a three year period and are
exercisable at prices ranging from $2.00 to $4.00 per share.

LITIGATION

The Company is a party to various claims, complaints, and other legal actions
that have arisen in the ordinary course of business. The Company believes that
the outcome of all pending legal proceedings, in the aggregate, will not have a
material adverse effect on the Company's financial condition or the results of
its operation or cash flows.

WIRING SERVICES AGREEMENT

In September 2000 IROC entered into a Wiring Services Agreement with Advanced
Custom Systems, Inc. (ACS) whereby ACS assigned all of its rights and
obligations under certain contracts to IROC and IROC also employed former ACS
employees to fulfill these contracts. IROC shall pay ACS 50% of the net profit
earned on these contracts. The agreement terminates the later of April 30, 2001
or upon completion of all assigned contracts. As of December 31, 2000 no amounts
were paid to ACS or accrued on these contracts since there were no net profits
recognized pursuant to the terms of the agreement.


                                      F-14
<PAGE>   30
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 7 - CAPITALIZED LEASE OBLIGATIONS

The Company leases various equipment under capitalized leases expiring through
2003. The assets have been recorded at the lower of the present value of the
minimum lease payments or their fair value and are depreciated over the assets'
estimated useful lives.

Minimum future lease payments under the capital leases as of December 31, 2000
are as follows:

<TABLE>
<S>                                             <C>
Year Ended December 31,
2001                                            $   64,808
2002                                                28,851
2003                                                 4,176
                                                ----------
Total minimum lease payments                        97,835
Less amount representing interest                   16,507
                                                ----------
Present value of net minimum lease payments
  with interest at approximately 17% - 24%          81,328
Less current portion                                52,242
                                                ----------

                                                $   29,086
                                                ==========
</TABLE>


As of December 31, 2000 equipment includes $120,816 acquired through capital
leases. Accumulated depreciation related to these assets was $3,471.

NOTE 8 - DEFERRED RENT

Upon execution of a forty-eight month lease for its office space for its
subsidiary commencing August 1, 2000, the Company was granted 4 months "free"
rent. As required by generally accepted accounting principles, rent expense is
being recognized by amortizing the total minimum rentals payable under the lease
over the term of the lease on a straight-line basis. The deferred rent shown on
the balance sheet as of December 31, 2000 represents the excess of the total
amount charged to rent expense over the amounts actually due and payable under
the lease as of such date, of which $7,864 has been classified as current and
$23,667 as long term, respectively.

NOTE 9 - EQUITY INCENTIVE PLAN

EQUITY INCENTIVE PLAN

On May 18, 2000 the Company adopted the Equity Incentive Plan (the Plan) which
provides for the granting of options to officers, directors, employees and
consultants. 900,000 shares of common stock are reserved under the plan for the
granting of options. The Plan is in effect until May 18, 2007, unless extended
by the Company's stockholders. The options are exercisable to purchase stock for
a period of seven years from the date of grant.


                                      F-15
<PAGE>   31
                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



NOTE 9 - EQUITY INCENTIVE PLAN (CONTINUED)

At the next annual stockholders meeting, the Company intends to ask its
stockholders to increase the number of shares available for issuance under the
Plan. In the event that the stockholders do not approve the increased shares,
the Company will set aside its obligations pursuant to the stock options with
non-qualified stock options.

Incentive Stock Options granted pursuant to this Plan may not have an option
price that is less than the fair market value of the stock on the date the
option is granted. Incentive stock options granted to significant stockholders
shall have an option price of not less than 110% of the fair market value of the
stock on the date of the grant.


<TABLE>
<CAPTION>

                                                                   OUTSTANDING OPTIONS           WEIGHTED
                                                               ---------------------------       AVERAGE
                                                OPTIONS                        PRICE PER         EXERCISE         EXERCISE
                                               AVAILABLE         NUMBER          SHARE             PRICE           AMOUNT
                                              -----------      -----------     -----------      -----------      -----------
<S>                                           <C>              <C>             <C>              <C>              <C>
Initial reserve, May 18,
   2000                                           900,000               --     $        --      $        --      $        --
Granted during 2000                            (1,045,000)       1,045,000       2.00-4.00             2.50        2,587,500
Cancelled during 2000                              45,000          (45,000)    $     (4.00)     $      4.00         (180,000)
                                              -----------      -----------     -----------      -----------      -----------

Balance, December 31,
   2000                                          (100,000)       1,000,000     $ 2.00-3.50      $      2.50      $ 2,407,500
                                              ===========      ===========     ===========      ===========      ===========
</TABLE>

NOTE 10 - BANK NOTE PAYABLE

In May 2000, the Company entered into an $885,000 note payable to a bank
controlled by a relative of the then sole stockholder. The note bears interest
at 9.8% per annum, which is due monthly and principal is due in May 2001. The
Company has repaid $500,000 as of December 31, 2000.

NOTE 11 - SUPPLEMENTAL CASH FLOW INFORMATION

In connection with the acquisition of the Time Direct, the Company executed
notes payable to the former owners for $248,000 and assumed liabilities of
$38,635 in exchange for the following assets during the period ended December
31, 2000:

<TABLE>

<S>                        <C>
Accounts receivable        $     67,625
Property and equipment           32,288
Goodwill                        186,722
                           ------------
                           $    286,635
                           ============
</TABLE>

Cash paid for interest during the period ended December 31, 2000 was $42,105.


                                      F-16
<PAGE>   32

                               INTELLIREADY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 12 - COMMON STOCK

During the period ended December 31, 2000, the Company issued 834,649 shares of
common stock for $1,168,075 net of offering costs of $83,850.

During 2000 the Company's Chairman of the Board transferred common stock from
his own holdings for cash and services benefiting the Company, valued at
$58,598.

During 2000 the Company issued 126,935 shares of common stock for services
valued at $180,652.

During July 2000 the Company exchanged 40,000 shares of common stock for $60,000
of debt payable to the former owners of Time Direct, LLC.

NOTE 13 - STOCK-BASED COMPENSATION

The Company accounts for stock based compensation in accordance with Statement
of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation". The standard requires the Company to adopt the "fair value"
method with respect to stock-based compensation of consultants and other
non-employees, which resulted in charges to operations of $-0- during the year
ended December 31, 2000.

The Company did not adopt the fair value method with respect to employee stock
options; the Company continues to account for these under the "intrinsic value"
method. Had the Company adopted the fair value method with respect to options
issued to employees as well, there would have been no charge to income in 2000
because none of the stock options were vested at December 31, 2000.

NOTE 14 - SUBSEQUENT EVENTS

In February 2001 the Company entered into a $315,000 promissory note payable to
an entity controlled by the Company's Chairman. The note bears interest at 10%,
which is due annually beginning February 1, 2002. The principal and accrued
unpaid interest are due on demand.


                                      F-17





<PAGE>   33

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

         We have not changed accountants since our inception. However, PWEC had
previously retained Deloitte & Touche, LLP. Following the closing of the merger,
we filed an 8K, incorporated by this reference, indicating that A.J. Robbins, PC
would act as our accountants.

                                    PART III

ITEM 9.    DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT




                                   MANAGEMENT

         The following table lists the names of our directors and each of our
executive officers, their respective positions and ages, and the year in which
each director was first elected. Each director has been elected to hold office
until the next annual meeting of shareholders and thereafter until his successor
is elected and has qualified. Additional information concerning each of these
individuals follows the table.

<TABLE>
<CAPTION>
Name                              Age   Position with the Company        Director Since
----                              ---   -------------------------        --------------
<S>                               <C>   <C>                              <C>

Thomas J. Wiens                   48    Chairman of the Board            March 14, 2000
Scott B. Campbell                 53    Chief Executive Officer,         February 27, 2001
                                        President and Director

Gerald Raskin                     59    Director                         October 4, 2000
Lawrence Smith                    41    Executive VP of Sales &
                                        Marketing

David I. Rosenthal                46    Chief Financial Officer &
                                        Executive VP
Richard A. Forti                  47    Executive VP of Operations
</TABLE>


SCOTT B. CAMPBELL. Mr. Campbell served as a Vice President of WorldGate
Communications, Inc. from 1997 through August 2000. From 1992 to 1997 he was the
founder of Genesis International Group, LLC, a cable industry and e-commerce
consulting firm. From 1986 to 1990 he was a Senior Vice President of the Home
Shopping Network ("HSN") and was the Executive Vice President of a subsidiary of
HSN from 1990 to 1992. He has a Bachelor of Science degree from the University
of Delaware and has done graduate studies in marketing at Temple University. Mr.
Campbell is not a director of any other entity that has securities registered
under the Securities Exchange Act of 1934.



                                                                         Page 16
<PAGE>   34

THOMAS J. WIENS. Mr. Thomas J. Wiens has served as the Chairman of IntelliReady,
Inc. since its inception in April of 1998. Mr. Wiens is CEO of New West Capital,
LLC. and New West Holdings, LLC., privately held venture capital and venture
catalyst firms. Mr. Wiens is also chairman of Dencor Energy Cost Controls, Inc.
d/b/a/ Reliable Power Systems, Inc. (OTC:BB symbol "DENC"). Mr. Wiens has been
involved in various entrepreneurial pursuits including banking, communications,
insurance and recycling. Mr. Wiens was the founder and Chairman of the Board of
Directors of Recycling Industries from 1987 through May 1999 and was the 1998
recipient of the Ernst & Young, LLP Entrepreneur of the Year award for his
entrepreneurial activities as Chairman and CEO of Recycling Industries, Inc. Due
to the precipitous decline in the price of metals due to the dumping of foreign
steel in the U.S. marketplace Recycling Industries, Inc. filed for
reorganization under Chapter 11 of the Federal Bankruptcy Code on February 22,
1999. The case was dismissed by the Federal Bankruptcy Court in December 2000.
Mr. Wiens received his BA from the School of Government and Public
Administration at The American University in Washington D.C. and received a MDIV
from Yale University. Mr. Wiens serves on the Board of Advisors of Yale Divinity
School, the Board of Directors of the National Cutting Horse Association and
various charitable organizations.


GERALD RASKIN. Mr. Raskin is an attorney with more than 35 years of practice
experience in securities law, corporate law and mergers and acquisitions. He was
a member of Friedlob Sanderson Raskin Paulson & Tourtillott, LLC and its
predecessor firms from 1977 through March 31, 2000. He currently is a business
consultant. Mr. Raskin graduated from the Columbia University School of Law in
1965 and from the City College of the City of New York in 1962. Mr. Raskin is
not a director of any other entity that has securities registered under the
Securities Exchange Act of 1934.


LAWRENCE SMITH. Mr. Smith has spent over 18 years in key sales and marketing
roles in the cable and satellite content, application service provider and
e-commerce industries. Mr. Smith was the co-founder of Internet Gift Registries
(e-commerce) and Sun Valley Resources (application service provider). Mr. Smith
helped raise over $18 million in private equity for these entities. Prior to
founding these companies Mr. Smith was the VP of Programming, Sales,
Distribution and Operations of Echostar, VP of Affiliate Relations at Request
Television, a TCI/Fox Partnership, and VP of National Accounts at CNBC and Home
Shopping Network.

RICK FORTI. As Lucent Technologies/Avaya, Inc., former Director of Denver Global
Provisioning Center, Enterprise Networks, Mr. Forti was responsible for flagship
manufacturing facility and domestic logistics for this $7 billion division. He
served as Director of Global Logistics/Business Communications Systems. Mr.
Forti was responsible for customer service, warehousing, distribution and
logistics infrastructure development. He was a former Manager of International
Technical Services at General Electric Company's, Appliances Division. Mr. Forti
is a graduate of the University of New Hampshire and received his Master of
Business Administration ("MBA") from Babson College.

DAVID ROSENTHAL. Mr. Rosenthal has over twenty years of financial and accounting
experience in public and private high growth companies. He has been responsible
for public offerings, mergers and acquisitions, investor and analyst relations.
He was acting CFO of Celestial Seasonings Inc., CFO of Hauser Inc. and
controller at Ampro Computers Inc and Aurora Systems Inc. Mr. Rosenthal
graduated from the University of California at Berkley and received his MBA from
California State University. Mr. Rosenthal resigned on March 6, 2001. He will
remain with us until April 6, 2001 but is no longer serving in the capacity of
Chief Financial Officer. Thomas J. Wiens is serving as interim Chief Financial
Officer until a replacement for Mr. Wiens is located.

ITEM 10.    EXECUTIVE COMPENSATION

         The following table sets forth in summary form the compensation
received during the last fiscal year by Scott B. Campbell, our Chief Executive
Officer and President who was earning an annual salary of $180,000 for 2000.
David Rosenthal, our Chief Financial Officer and Executive VP, was earning an
annual salary of $150,000 for 2000. Lawrence Smith and Rick Forti, our Executive
Vice President of Operations and Executive Vice President of Sales and
Marketing, respectively, were earning an annual salary of $150,000 for 2000.
Michael D. Murdock and Yolanda Hoff,




                                                                         Page 17
<PAGE>   35

Senior Vice President of Operations and Senior Vice President of Finance,
respectively, were each earning an annual salary of $100,000 for the 2000
period. None of our current executive officers received total salary and bonus
exceeding $100,000 during the 2000 period.

SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>

                                                                    LONG TERM COMPENSATION
                                                                  --------------------------------
                                 ANNUAL COMPENSATION                   AWARDS             PAYOUTS
                       -----------------------------------------  ----------------------- --------
                                                    OTHER ANNUAL   RESTRICTED              EIP     ALL OTHER
     NAME AND          FISCAL   SALARY      BONUS   COMPENSATION  STOCK AWARDS  OPTIONS   PAYOUTS  COMPENSATION
PRINCIPAL POSITION      YEAR    ($)(1)     ($)(2)      ($)            ($)       (#) (6)   ($)(4)     ($)(5)
------------------     ------ ----------  -------- -------------  ------------ ---------- -------- -----------
<S>                    <C>    <C>         <C>      <C>            <C>          <C>        <C>      <C>


Scott B. Campbell       2000  $  $37,500    -0-        -0-          -0-         200,000    -0-       -0-
Chief Executive
Officer and President

Lawrence Smith          2000  $  $37,500    -0-        (3)          -0-         300,000    -0-       -0-
Executive Vice
President of Sales
and Marketing

David I. Rosenthal,     2000  $  $11,938    -0-        -0-          -0-         300,000    -0-       -0-
Chief Financial
Officer and Executive
VP (7)

Richard Forti,          2000  $   $9,375    -0-        -0-          -0-         200,000    -0-       -0-
Executive Vice
President Operations

Michael D. Murdock      2000  $  $54,167    -0-        -0-          -0-             -0-    -0-       -0-
Senior VP of
Operations

Yolanda Hoff            2000  $  $56,167    -0-        -0-          -0-             -0-    -0-       -0-
Senior VP of Finance
</TABLE>

(1)      The dollar value of base salary (cash and non-cash) received during
         the year indicated.

(2)      The maximum dollar value of discretionary bonus (cash and non-cash)
         that could be received during the year indicated.

(3)      Lawrence Smith receives commissions equal to 1% of the incremental
         increase in gross revenues.

(4)      Except for our Equity Incentive Plan, we do not have in effect any plan
         that is intended to serve as incentive for performance to occur over a
         period longer than one fiscal year.

(5)      All other compensation received that we could not properly report in
         any other column of the Summary Compensation Table including annual
         contributions or other allocations to vested and unvested defined
         contribution plans, and the dollar value of any insurance premiums paid
         by us on our behalf with respect to term life insurance for the benefit
         of the named executive officer, and the full dollar value of the
         remainder of the premiums paid by us on our behalf.

(6)      These options were granted in accordance with our Equity Incentive
         Plan. For additional information regarding this plan, please see the
         section of the Information Statement form 14C filed on October 19,
         2000, entitled "Equity Incentive Plan".

(7)      David I. Rosenthal resigned on March 6, 2001. He will remain with us
         until April 6, 2001 but is no longer serving in the capacity of Chief
         Financial Officer. Thomas J. Wiens is serving as interim Chief
         Financial Officer until a replacement for Mr. Wiens is located.

OPTION GRANTS TABLE.

         The following table sets forth information concerning individual grants
of stock options made during the fiscal year ended December 31, 2000 to each
person named above in the Summary Compensation Table and to all other employees
as a group. The Company has no existing options granted prior to May 18, 2000.

<TABLE>
<CAPTION>

                                  % OF TOTAL
                                   OPTIONS
                                  GRANTED TO                          EXERCISE OR
                                  EMPLOYEES                              BASE
                      OPTIONS     IN FISCAL                             PRICE        EXPIRATION
      NAME           GRANTED (#)    YEAR        VESTING DATE           ($/SHARE)        DATE
-----------------    -----------  ---------  ------------------       -----------  --------------
<S>                  <C>          <C>        <C>                      <C>          <C>
 Scott B.               68,000      19.14%    September 1, 2001            $2.00   Sept 1, 2007
 Campbell               66,000                September 1, 2002            $2.50   Sept 1, 2007
                        66,000                September 1, 2003            $3.00   Sept 1, 2007
 Lawrence Smith        100,000      28.71%    October 1, 2001              $2.00   Oct 1, 2007
                       100,000                October 1, 2002              $2.50   Oct 1, 2007
                       100,000                October 1, 2003              $3.00   Oct 1, 2007
</TABLE>



                                                                         Page 18
<PAGE>   36
<TABLE>
<CAPTION>

                                  % OF TOTAL
                                   OPTIONS
                                  GRANTED TO                          EXERCISE OR
                                  EMPLOYEES                              BASE
                      OPTIONS     IN FISCAL                             PRICE        EXPIRATION
      NAME           GRANTED (#)    YEAR        VESTING DATE           ($/SHARE)        DATE
-----------------    -----------  ---------  ------------------       -----------  --------------
<S>                  <C>          <C>        <C>                      <C>          <C>
 David I.              100,000      28.71%           (2)                   $2.00  December 4, 2007
 Rosenthal             100,000                       (2)                   $2.50  December 4, 2007
                       100,000                       (2)                   $3.00  December 4, 2007
 Richard Forti          68,000      19.14%     December 11, 2001           $2.00  December 11, 2007
                        66,000                 December 11, 2002           $2.50  December 11, 2007
                        66,000                 December 11, 2003           $3.00  December 11, 2007
 Michael D.             15,000       1.44%           (1)
 Murdock
 Yolanda Hoff           15,000       1.44%           (1)
 All Other              15,000       1.44%     Various                     Various 7 years from the
 Employees                                                                        date of grant
</TABLE>

(1)      Michael D. Murdock and Yolanda Hoff were granted signing options as a
         term of their employment agreements on May 18, 2000 at the close of the
         acquisition of their membership interests in Time Direct by us.
         Subsequently, these employment agreements were terminated and their
         options were rescinded. (See Item 3 for further discussion.)

(2)      David I. Rosenthal resigned on March 6, 2001. As a result his options
         never vested.

         Cambrian Capital, the principal creditor to our predecessor company,
PWEC, was issued a Warrant to purchase 70,000 shares at $7.00 per share.
Additionally, one of our investor relations service providers was issued a
warrant to purchase 50,000 shares at $2.50 and 50,000 shares at $4.00 per share.

Long-Term Incentive Plan

         On May 18, 2000, we adopted an Equity Incentive Plan. This Plan was
adopted by the Board of Directors and approved by the shareholders. On October
4, 2000, IntelliReady, Inc. merged into a wholly owned subsidiary of Pan Western
Energy Corporation. On October 19, 2000, we filed a definitive Form 14-C
Information Statement with the SEC, incorporated herein by this reference. In
that Information Statement we advised the shareholders of the details of the
Equity Incentive Plan and informed our shareholders that the Equity Incentive
Plan would be submitted for shareholder approval at the November 8, 2000
Shareholders Meeting. In short, the Equity Incentive Plan authorizes us to grant
Incentive Stock Options, Non-Qualified Stock Options and Stock Appreciation
Rights to our employees, directors and contractors. We are only required to seek
shareholder approval for Incentive Stock Options, as defined by the Internal
Revenue Code. This approval must be obtained either 12 months prior to the grant
or 12 months following the grant. We intend to seek shareholder approval to
issue additional Incentive Stock Options and to adopt a stock option plan, which
will issue registered shares pursuant to an appropriate filing with the SEC.

         On September 1, 2000, options to purchase 200,000 shares of our common
stock were granted to Scott B. Campbell. On October 1, 2000 options to purchase
300,000 shares of our common stock were granted to Larry Smith. On December 4,
2000, options to purchase 300,000 shares of our common stock were granted to
David I. Rosenthal. On December 11, 2000, options to purchase 200,000 shares of
our common stock were granted to Richard Forti. All of these options are
included above in the Summary Compensation Table and the Option Grants Table.
These options were granted to induce the executives to take a position with a
start-up company.

Compensation Of Outside Directors

         Members of our Board Of Directors, regardless of whether employed by
us, are currently not compensated for meeting attendance or otherwise for their
services as directors, but are entitled to reimbursement for travel expenses. We
do not pay additional amounts for committee participation or special assignments
of the Board Of Directors. The Equity Incentive Plan does authorize the award of
stock options or other forms of equity compensation to the directors. We have
not granted options to outside directors.

Employment Contracts and Termination of Employment and Change-in-Control
Arrangements

         We entered into employment agreements with the former interest owners
of Time Direct. The agreements had a four year term and called for annual base
salaries of $100,000 and performance based cash bonuses. The employees received
15,000 signing





                                                                         Page 19
<PAGE>   37

options each and were to receive annual stock options (Annual Options), which
quantities were to be based upon the employees' current salaries and prior year
bonuses divided by the average bid and ask price for the 10 consecutive days
immediately after the date of grant. The employees were also to receive
additional options (Original Options), which quantities were to be based upon
the employees' current salaries and current year bonuses divided by the average
bid and ask price for the 10 trading days immediately following the conversion
of the company to a public reporting company or the price per share for which
the Company's shares are sold in an initial public offering prior to December
31, 2000. If the Company's common stock was not publicly traded by December 31,
2000, then the price per share was to be $.01. The Original Options were to vest
one third each year over the next three years. Subsequent to period end these
employment agreements were dissolved and the former interest owners of Time
Direct resigned from the Company (See Item 3).

ITEM 11.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


      As of December 31, 2000, we had 10,488,916 issued and outstanding shares
of Common Stock. The following table sets forth, as of December 31, 2000, the
number and percentage of shares of Common Stock owned beneficially by (i) each
director of the Company, (ii) each officer named in the Summary Compensation
Table, (iii) all directors and executive officers as a group, and (iv) each
person known to us to own of record or beneficially more than five percent of
the Company's Common Stock. Except as otherwise indicated, the persons named in
the table have sole voting and investment power with respect to the shares
indicated. As of December 31, 2000, we had approximately 300 holders of Common
Stock of record.

<TABLE>
<CAPTION>
                                       Number of Shares
Name of Beneficial Owner              Beneficially Owned (1)         Percent of Class
------------------------              ----------------------         ----------------
<S>                                   <C>                            <C>
New West Holdings, LLC (2)                  5,500,000                       52.44%
Gerald Raskin (3)                              75,000                         .71%
Scott B. Campbell (4)                         300,000                        2.86%
Robert Kaminski (5)                         1,077,000                       10.27%
Thomas J. Wiens (6)                         6,978,602                       66.53%


New West Capital Partners, LLC (7)            729,667                        6.96%


 All Executive Officers and                 7,353,602                       70.11%
Directors as a group (3 persons)
</TABLE>


(1)      All calculations are on a fully diluted basis.

(2)      The address of New West Holdings, LLC. is 5567 South Perry Park Road,
         Sedalia, Colorado 80135. New West Holdings, LLC. is controlled by
         Thomas J. Wiens and his immediate family.

(3)      The address for Gerald Raskin is 830 Good Hope Drive, Castle Rock,
         Colorado 80104.

(4)      The address for Scott B. Campbell is 1390 South Potomac, Suite 136,
         Aurora, Colorado 80012.

(5)      The address for Robert Kaminski is 24000 Southwestern Avenue, Park
         Forest, Illinois, 60466. These shares are actually held by the Robert
         S. Kaminski Revocable Trust.

(6)      The address for Thomas J. Wiens is 5567 South Perry Park Road, Sedalia,
         Colorado 80135. Mr. Wiens' interest includes his beneficial ownership
         of New West Holdings, LLC's 5,500,000 shares, New West Capital
         Partners, LLC. of 729,667 and his beneficial ownership of 748,935
         shares.

(7)      The address for New West Capital Partners, LLC is 5567 South Perry Park
         Road, Sedalia, Colorado 80135.




                                                                         Page 20
<PAGE>   38



ITEM 12.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

         Thomas J. Wiens, our Chairman, and related entities ("Related
Entities") loaned us $885,000 over the course of the first five months of 2000.
On May 4, 2000 we repaid Mr. Wiens and these Related Entities by borrowing
$885,000 from FirstTier Bank. We repaid $500,000 to FirstTier Bank during the
2000 period. On January 4, 2001 FirstTier Bank merged with Compass Bancshares,
Inc. (Nasdaq:CBSS). The outstanding principal and accrued interest balance on
the FirstTier loan was $388,137 on December 31, 2000.

         Additionally, we issued a promissory note on February 14, 2001 to, New
West Holdings, LLC ("NWH") a related party, due on demand, in the principal
amount of $315,000 at an annual interest rate of ten percent (10%).

         NWH has agreed to fund our operations under a line of credit ("LOC")
agreement dated February 14, 2001. The terms of this LOC state that the amounts
drawn under the line are payable on demand and carry an interest rate of ten
percent (10%); provided that the interest rate may be adjusted in the event the
prime interest rate increases. As of March 26, 2001, we had drawn $446,376 on
this LOC. NWH has agreed to fund our operations during 2001 pursuant to the
terms agreed upon in the LOC.

                                     PART IV

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


(A) EXHIBITS

2(i) Reverse Merger Agreement and Plan of Acquisition dated August 25, 2000
among Registrant and Pan Western Energy Corporation.***

2(ii) Merger Agreement and Plan of Acquisition dated May 18, 2000 among
Registrant and Time Direct, LLC.

2(iii) Agreement and Plan of Business Arrangement dated September 13, 2000
between Registrant and Advanced Custom Systems, Inc.

2(iv) Extension Agreement for Plan of Business Arrangement between Registrant
and Advanced Custom Systems, Inc. dated February 13, 2001.

3(i) Articles of Incorporation of the Registrant.

3(ii) By-Laws of the Registrant.

10(i) Equity Incentive Plan.*

10(ii) Promissory Note effective February 14, 2001 between Registrant and New
West Holdings, LLC.

10(iii) Letter of Credit effective February 14, 2001 between Registrant and New
West Holdings, LLC.

10(iv) Lease Agreement on Registrant's primary property.

16 Letter on Change in Certifying Accountant.**

20(i) Reports on Form 8-K

We filed the following reports on Form 8-K during the quarter ended December 31,
2000:

  (1) Current Report on Form 8-K, filed on November 20, 2000, to report
      changes in registrant's certifying accountant.



                                                                         Page 21
<PAGE>   39

  (2) Current Report on Form 8-K, filed on October 19, 2000, to report, among
      other things, changes in control of registrant and disposition of
      assets.

20(ii) Schedule 14C

We filed the following schedule 14C information statement during the quarter
ended December 31, 2000:

  (1) Schedule 14C, filed October 19, 2000, to report a special meeting of the
      shareholders, to vote on, among other things, change in control of
      registrant, the merger with Pan Western Energy Corp and the Equity
      Incentive Plan.

20(iii) Schedule 14F

We filed the following schedule 14F information statement during the quarter
ended December 31, 2000:

    (1) Schedule 14F, filed October 4, 2000, to report a change in directors.

21 A description of the subsidiaries of the Registrant.

27 Financial Data Schedule

* Incorporated by reference from Registrant's Schedule 14C, which was previously
filed on October 19, 2000.

** Incorporated by reference from Registrant's Form 8-K, which was previously
filed on November 20, 2000.

*** Incorporated by reference from Registrant's Form 8-K, which was previously
filed on October 19, 2000.


                                     SIGNATURES

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

<TABLE>
<CAPTION>
SIGNATURE                           TITLE                            DATE
---------                           -----                            ----
<S>                             <C>                            <C>

INTELLIREADY, INC.

/S/ SCOTT B. CAMPBELL           Chief Executive Officer        March 26, 2001
----------------------
Scott B. Campbell
</TABLE>


         In accordance with the Securities Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the Registrant and in
the capacities and on the date indicated:

<TABLE>
<CAPTION>
SIGNATURE                           TITLE                            DATE
---------                           -----                            ----
<S>                              <C>                           <C>

/S/ SCOTT B. CAMPBELL            Chief Executive Officer       March 26, 2001
-----------------------------    (Principal Executive
Scott B. Campbell                Officer)/Director



/S/ THOMAS J. WIENS              Chief Financial Officer       March 26, 2001
-----------------------------    (Principal Accounting
Thomas J. Wiens                  Officer)/Director

/S/ GERALD RASKIN                Director                      March 26, 2001
-----------------------------
Gerald Raskin
</TABLE>


                                                                         Page 22

<PAGE>   40
                                 EXHIBIT INDEX


2(i) Reverse Merger Agreement and Plan of Acquisition dated August 25, 2000
among Registrant and Pan Western Energy Corporation.***

2(ii) Limited Liability Interest Purchase Agreement dated May 18, 2000 among
Registrant and Time Direct, LLC.

2(iii) Wiring Services Agreement dated September 13, 2000 between Registrant and
Advanced Custom Systems, Inc.

2(iv) Extension of Wiring Services Agreement between Registrant and Advanced
Custom Systems, Inc. dated February 13, 2001.

3(i) Articles of Incorporation of the Registrant.

3(ii) By-Laws of the Registrant.

10(i) Equity Incentive Plan.*

10(ii) Promissory Note effective February 14, 2001 between Registrant and New
West Holdings, LLC.

10(iii) Line of Credit effective February 14, 2001 between Registrant and New
West Holdings, LLC.

10(iv) Lease Agreement on Registrant's primary property.

16 Letter on Change in Certifying Accountant.**

20(i) Reports on Form 8-K

We filed the following reports on Form 8-K during the quarter ended December 31,
2000:

  (1) Current Report on Form 8-K, filed on November 20, 2000, to report
      changes in registrant's certifying accountant.


<PAGE>   41

    (2) Current Report on Form 8-K, filed on October 19, 2000, to report, among
        other things, changes in control of registrant and disposition of
        assets.

20(ii) Schedule 14C

We filed the following schedule 14C information statement during the quarter
ended December 31, 2000:

    (1) Schedule 14C, filed October 19, 2000, to report a special meeting of the
        shareholders, to vote on, among other things, change in control of
        registrant, the merger with Pan Western Energy Corp and the Equity
        Incentive Plan.

20(iii) Schedule 14F

We filed the following schedule 14F information statement during the quarter
ended December 31, 2000:

    (1) Schedule 14F, filed October 4, 2000, to report a change in directors.

21 A description of the subsidiaries of the Registrant.

* Incorporated by reference from Registrant's Schedule 14C, which was previously
filed on October 19, 2000.

** Incorporated by reference from Registrant's Form 8-K, which was previously
filed on November 20, 2000.

*** Incorporated by reference from Registrant's Form 8-K, which was previously
filed on October 19, 2000.