UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A

                  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                   For the Fiscal Year Ended December 31, 1999
                        Commission file number 001-15301

                              EQUITYALERT.COM, INC.
                              ---------------------
           (Name of small business issuer as specified in its charter)

         NEVADA                                                58-2377963
         ------                                                ----------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                             Identification No.)

1628 West 1ST Avenue, Suite 119,  Vancouver, B.C.              V6J 1G1
--------------------------------  ---------------              -------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:       (604) 659-5009

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

Securities registered under Section 12(g) of the Act:

        Common Stock, $.00001 par value, listed on the OTC Bulletin Board

Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required 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 (2) has been subject to such filing for the
past 90 days. Yes X No ____

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K ( X )

Revenues for last fiscal year were $ 0

Aggregate   market  value  of  Common  Stock,   $0.00001  par  value,   held  by
non-affiliates  of the registrant as of April 10, 2000:  $54,734,791.  Number of
shares of Common Stock,  $0.00001 par value,  outstanding  as of April 10, 2000:
41,398,186.

DOCUMENTS INCORPORATED BY REFERENCE:         None
------------------------------------         ----


<PAGE>

                          ANNUAL REPORT ON FORM 10-KSB
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 1999


                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                Page
<S>                                                                                             <C>
PART I
Item 1.   Business                                                                               3
Item 2.   Properties                                                                             4
Item 3.   Legal Proceedings                                                                      4
Item 4.   Submissions of Matters to a Vote of Security Holders                                   4

PART II
Item 5.   Market for the Registrants' Common Equity and Related
              Stockholder Matters                                                                5
Item 6.   Management's Discussion and Analysis of Financial Condition
              and Results of Operations                                                          5
Item 7.   Financial Statements                                                                   7
Item 8.   Changes in and Disagreements With Accountants on Accounting
              and Financial Disclosure                                                           24

PART III
Item 9.  Directors and Executive Officers of the Registrant                                      24
Item 10.  Executive Compensation                                                                 24
Item 11.  Security Ownership of Certain Beneficial Owners and Management                         25
Item 12.  Certain Relationships and Related Transactions                                         26

PART IV
Item 13.  Exhibits and Reports on Form 8-K                                                       26


</TABLE>

<PAGE>

                                     PART I

ITEM 1. BUSINESS

     Except for the historical  information  contained herein, the discussion in
this Annual Report on Form 10-KSB contains  certain  forward-looking  statements
that involve risk and uncertainties,  such as statements of the Company's plans,
objectives,  expectations and intentions. The cautionary statements made in this
document  should  be read as being  applicable  to all  related  forward-looking
statements  wherever they appear in this document.  The Company's actual results
could differ materially from those discussed herein.

                                   THE COMPANY

     EquityAlert.com, Inc. ("EquityAlert" or the "Company") operates a financial
news and information website (www.equityalert.com). The Company was incorporated
under the laws of the State of Florida on January  13,  1997,  under the name of
San Marino  Minerals,  Inc. On March 10,  1999,  the Company  filed  Articles of
Merger in the State of Nevada  and on June 3,  1999,  the  Company  amended  its
articles of incorporation to change its name to Equityalert.com, Inc.

                             DESCRIPTION OF BUSINESS

     With the proliferation of financial  information on the Internet,  more and
more  individuals  are taking greater  control of their  investments and trading
securities through an online broker versus the traditional securities broker.

     The online investor represents one of the most desirable of any demographic
on the web,  being better  educated,  having a higher  income and net worth than
most other online users.  Consequently,  since launching EquityAlert.com on June
7, 1999,  the  Company's  main focus has been to build its  subscribers  base of
online investors by offering individuals free subscriptions to its website.

     Subscribers to EquityAlert's  free website enjoy a broad suite of financial
news and  information,  including live chat,  message boards,  IPO  information,
stock splits, bonds, interest rates, analyst coverage,  and mutual fund news and
public company press releases via email.

     Composed  of a wide cross  section of  professionals  and  managers  (25%),
technologists  (15%),  business owners (12%) and retirees  (10%),  the Company's
subscriber base is active in the markets, with 83% completing up to 7 trades per
week and 9%  completing  between 8 and 10 trades per week.  Sixty  four  percent
(64%) of  EquityAlert's  subscribers  conduct  trades  through an online broker,
while 18% use a discount broker.  Almost a quarter of EquityAlert's  subscribers
have  portfolios  of over  $250,000,  with 16%  reporting  total  assets of over
$300,000, while 6% reported $1,000,000-plus in total investments.

     In October 1999, EquityAlert.com began to e-mail its subscriber base public
company press releases and news and information on mutual funds. Since launching
its e-mail alert service, EquityAlert's e-mail volume has steadily increased. In
October  1999,  the Company  forwarded  2.2 million  e-mails,  in November,  3.2
million,  in December,  5.5 million,  in January 2000, 5.9 million,  in February
2000, 6.9 million and in March 2000, 16.1 million emails.

     In December 1999, the Company  established a Sales and Marketing  division,
which began to sell  advertising on its e-mail alerts in early January 2000. The
Company expects to generate the majority of its future revenues from advertising
sales on its e-mail alerts.

     The  competition  for  online  investors  is  intense,   with  many  better
capitalized and well managed companies offering similar information  services as
EquityAlert. This competition comes from direct competitors, such as traditional
media  sources and  websites  like  SmartMoney.com,  Multex.com,  TheStreet.com,
Ragingbull.com, Siliconinvestor.com and hundreds of others, as well as from many
indirect competitors,  such as online brokerage firms and online portals such as
Yahoo and America Online.

     The  competition  for the online  investor  is  expected to increase in the
future as greater a number of vendors come online.  The Company  believes  there
are no substantial barriers to entry and expects competition to intensify. The

                                        3

<PAGE>

Company  believes  that the number of  companies  relying on fees from  Internet
based services or advertising has increased  substantially during the past year.
The  Company  believes  the main  competitive  factors in this  market are brand
recognition, user or subscribe base, ease of use of site, variety of value-added
services, features and quality of support.

     While  competition is expected to intensify in the future,  the high growth
of the  Internet  itself is  expected to expand the size of the  marketplace  in
order to allow for many  competitors.  With the number of Internet  users around
the world  constantly  growing,  the Computer  Industry  Almanac  projects  that
worldwide  users will reach 320 million by the end of year 2000, and surpass 720
million by 2005.

Employees
---------

     At December  31,  1999,  the  Company  employed 8 full time and 1 part-time
person. To the best of the Company's  knowledge,  none of the Company's officers
or directors is bound by restrictive covenants from prior employers. None of the
Company's  employees  are  represented  by  labor  unions  or  other  collective
bargaining  groups. The Company considers its relationship with its employees to
be excellent.

Intellectual Property
---------------------

     The Company  relies on a combination  of trademark,  copyright  law,  trade
secret protection, confidentiality agreements and other contractual arrangements
with  employees,  vendors  and  others to  protect  its  rights to  intellectual
property. Theses measures,  however, may be inadequate to deter misappropriation
of proprietary  information.  The Company has begun the process to trademark its
name in the United States and certain European countries.  Effective  trademark,
copyright and trade secret  protection  may not be available in every country in
which EquityAlert offers or intend to offer its services.  Failure to adequately
protect its intellectual  property could harm the Company's  brand,  devalue its
proprietary content and affect the Company's ability to compete effectively.

Environmental Matters
---------------------

     The Company  believes  it conducts  its  business  in  compliance  with all
environmental laws presently  applicable to its facilities.  To date, there have
been no expenses incurred by the Company related to environmental issues.

Government Regulation
---------------------

     The Company is not subject to any direct governmental regulation other than
the securities laws and regulations  applicable to all publicly owned companies,
and laws and regulations applicable to businesses generally.

ITEM 2: PROPERTIES

     The Company's office is located at 1628 West 1st Ave, Suite 119, Vancouver,
B.C., V6J 1G1. This office is 393 square feet and is leased for $588.5  Canadian
per month,  until  December 31,  2000,  with an option to renew for a further 24
months.  The Company also subleases 143.4 square feet of office space located at
15 Wertheim Court, Suite 311, Richmond Hill, Ontario,  for $250 Canadian,  until
February 28, 2002.

ITEM 3: LEGAL PROCEEDINGS

     The Company is not involved in any pending legal proceedings.

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

     There were no matters  submitted to a vote of the  security  holders in the
fourth quarter of 1999.

                                        4

<PAGE>

                                     PART II

ITEM 5:  MARKET  FOR THE  REGISTRANT'S  COMMON  EQUITY AND  RELATED  STOCKHOLDER
         MATTERS.

(a)  Market Information

     The  Company's  Common Stock is listed on the OTC Bulletin  Board under the
symbol  "EINC".  The following  table sets forth the high and low closing prices
for the periods indicated:

<TABLE>
<CAPTION>
                                                                       High             Low
<S>                                                                    <C>              <C>
First Quarter 1998                                                     $  0.687         $ 0.218
Second Quarter 1998                                                    $  0.380         $ 0.015
Third Quarter 1998                                                     $  0.10          $ 0.01
Fourth Quarter 1998                                                    $  0.55          $ 0.15
First Quarter 1999                                                     $  0.55          $  0.45
Second Quarter 1999                                                    $  5.00          $  0. 562
Third Quarter 1999                                                     $  7.75          $  3.50
Fourth Quarter 1999                                                    $  6.25          $  2.187

</TABLE>

(b)  Holders

     As at March 16, 2000 there were approximately 57 registered stockholders of
record of the Company's Common Stock.

(c)  Dividend Policy

     The Company has never paid a dividend  and does not  anticipate  paying any
dividends in the  foreseeable  future.  It is the present policy of the Board of
Directors to retain the Company's  earnings,  if any, for the development of the
Company's business.

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

     The following  discussion  should be read in conjunction with the financial
statements and notes thereto included in Item 7 of this Form 10-KSB.  Except for
the  historical  information  contained  herein,  the  discussion in this Annual
Report on Form 10-KSB contains certain  forward-looking  statements that involve
risk and uncertainties,  such as statements of the Company's plans,  objectives,
expectations  and  intentions.  The cautionary  statements made in this document
should be read as being  applicable  to all related  forward-looking  statements
wherever they appear in this document. The Company's actual results could differ
materially from those discussed here.

                                    OVERVIEW

     The Company  operates a financial news and  information  website located at
www.equityalert.com.  Since  launching  EquityAlert.com  on  June 7,  1999,  the
Company's main focus has been to build its subscribers  base of online investors
by offering individuals free subscriptions to its website.

     Subscribers to EquityAlert's  free website enjoy a broad suite of financial
news and  information,  including live chat,  message boards,  IPO  information,
stock splits, bonds, interest rates, analyst coverage,  and mutual fund news and
public company press releases via email.

     In October 1999, EquityAlert.com began to e-mail its subscriber base public
company press releases and news and information on mutual funds. Since launching
its e-mail alert service, EquityAlert's e-mail volume has steadily increased. In
October  1999,  the Company  forwarded  2.2 million  e-mails,  in November,  3.2
million,  in December,  5.5 million,  in January 2000, 5.9 million,  in February
2000, 6.9 million and in March 2000, 16.1 million emails.

     In December 1999, the Company  established a Sales and Marketing  division,
which began to sell advertising

                                        5

<PAGE>

on its e-mail alerts in early January 2000. The Company  expects to generate the
majority of its future revenues from advertising sales on its e-mail alerts.

     To date, the Company has incurred  significant ongoing operating losses due
to costs related to business  development,  website development,  management and
staff  recruitment  and  other  costs  associated  with  establishing  corporate
infrastructure  necessary for expanding on a national  basis.  Although  planned
principal  operations  have  commenced,  substantial  revenues  have  yet  to be
realized.

                              RESULTS OF OPERATIONS

Revenues. The Company did not generate revenues for the years ended December 31,
1999  and  1998,  respectively.  In  January  2000,  the  Company  began to sell
advertising on its e-mail alerts,  from which the Company  expects to derive the
majority of its potential revenues in the future.

General and Administrative Expenses.  During 1999, the Company incurred $383,389
in general and administrative  expenses,  an increase of 196% over 1998 expenses
of $129,461.  The increase is primarily  attributable  to additional  salary and
operating    expenses   related   to   the   launch   the   Company's   website,
www.equityalert.com.

Interest Income. Interest income was $33,988 and $1 for the years ended December
31,  1999,  and  1998,  respectively.  Interest  earned  in the  future  will be
dependent on Company funding cycles and prevailing interest rates.

Provision for Income Taxes.  As of December 31, 1999, the Company's  accumulated
deficit was  $989,256 and as a result,  there has been no  provision  for income
taxes to date.

                         LIQUIDITY AND CAPITAL RESOURCES

     At December 31, 1999, the Company had a cash balance of $591,980,  compared
to a cash balance of $3,551 at December 31, 1998.

     During  1999,  the  Company  used  $347,798  of  net  cash  from  operating
activities as compared to $58,518 of net cash used in 1998.  The increase in the
net cash used in operating  activities was due mainly to the increase in the net
loss between  years.  As at December 31, 1999, the Company had $9,074 in prepaid
expenses, versus no prepaid expenses for the same period in 1998. As at December
31, 1999, the Company had $24,978 in accounts payable,  an increase of $3520, or
16%, over the amount of $21,458 as December 31, 1998.

     Net cash used in investing activities was $20,773 for 1999, compared to net
cash  used of $0 for  1998.  The  increase  in the net  cash  used in  investing
activities was due mainly to purchasing  equipment for the Company's  website in
1999, versus no purchases 1998.

     Net cash provided by financing activities was $957,000 for 1999 compared to
$5,000 for 1998.  The Company has  financed  its  operations  primarily  through
private placements of Common Shares and the exercise of stock options.

     The Company's future funding  requirements will depend on numerous factors.
These factors include the Company's ability to establish and profitably  operate
EquityAlert.com,  recruit and train  qualified  management,  technical and sales
personnel,   and  the  Company's  ability  to  compete  against  other,   better
capitalized corporations who offer similar web based services.

     Due to the "start  up"  nature of the  Company's  businesses,  the  Company
expects to incur losses as it expands.  The Company expects to raise  additional
funds through  private or public equity  investment in order to expand the range
and scope of its business operations. The Company will seek access to private or
public  equity  but there is no  assurance  that such  additional  funds will be
available for the Company to finance its operations on acceptable  terms,  if at
all. See "Risk Factors" for additional details.


                                        6
<PAGE>

ITEM 7: FINANCIAL STATEMENTS


                              EQUITYALERT.COM, INC.
                                 Vancouver, B.C.

                                  AUDIT REPORT

                           DECEMBER 31, 1999 AND 1998

                                       7

<PAGE>


<TABLE>
                                    CONTENTS
<CAPTION>

<S>                                                                         <C>
Independent Auditors' Report  . . . . . . . . . . . . . . . . . . . . . .      9

Balance Sheet at December 31, 1999 and 1998 . . . . . . . . . . . . . . .     10

Statement of Operations For the Years Ended December 31, 1999
    and 1998, and For the Period From Inception (January 13, 1997)
    To December 31, 1999 . . . . . . . . . . . . . . . . . . . . . .  . .     11

Statement of Stockholders' Equity For The Period From Inception
    (January 13, 1997) to December 31, 1999 . . . . . . . . . . . . . . .  12-13

Statement of Cash Flows For The Years Ended December 31, 1999
    and 1998,  and For the Period From Inception (January 13, 1997)
    To December 31, 1999 . . . . . . . . . . . . . . .. . . . . . . . . .     14

Notes to the Financial Statements . . . . . . . . . . .  . . . . . . . . . 15-23

</TABLE>

All  schedules  are omitted  because  they are not  applicable  or the  required
information is shown in the financial statements or notes thereto.

                                       8

<PAGE>


                          INDEPENDENT AUDITORS' REPORT


Board of Directors
EquityAlert.Com, Inc.
Vancouver, B.C. V6J 1G1

We have  audited the  accompanying  balance  sheet of  EquityAlert.Com,  Inc. (A
Development Stage Company), (the Company), as of December 31, 1999 and 1998, and
the related  statements of operations,  stockholders'  equity and cash flows for
the years then ended,  and for the period from  inception  (January 13, 1997) to
December 31, 1999.  These  financial  statements are the  responsibility  of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards  require that we plan and perform the audit to obtain reasonable
assurance   about  whether  the  financial   statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe  that our audit of the  financial  statements  provides a  reasonable
basis for our opinion.

In our  opinion,  the  financial  statements  present  fairly,  in all  material
respects,  the financial  position of the Company at December 31, 1999 and 1998,
and the results of its operations and its cash flows for the periods  indicated,
in conformity with generally accepted accounting principles.

As discussed in Note 1 to the financial statements,  the Company has been in the
development  stage  since its  inception  on January  13,  1997.  The Company is
devoting substantially all of its present efforts in establishing a new business
and although  planned  principal  operations have commenced,  there have been no
significant revenues therefrom.  These factors raise substantial doubt about its
ability to continue as a going concern.  The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.


/s/ Clancy and Co., P.L.L.C.
----------------------------
Clancy  and Co., P.L.L.C.
Phoenix, Arizona

February 29, 2000

                                       9

<PAGE>

                              EQUITYALERT.COM, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                           DECEMBER 31, 1999 AND 1998


<TABLE>
<CAPTION>
ASSETS
                                                                                   1999                 1998
                                                                                   ----                 ----
<S>                                                                                <C>                  <C>
Current Assets
   Cash                                                                            $   591,980          $    3,551
   Stock Subscription Receivable (Note 3)                                                    0             100,000
   Prepaid Expenses                                                                      9,074                   0
Total Current Assets                                                                   601,054             103,551

Property and Equipment, Net (Note 4)                                                    19,252                   0

Total  Assets                                                                      $   620,306         $   103,551

LIABILITIES AND  STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts Payable                                                                $    24,978           $  21,458
   Other Advances (Note 5)                                                              10,000              10,000
Total Current Liabilities                                                               34,978              31,458

Stockholders' Equity
   Preferred Stock: $0.001 Par Value; Authorized Shares,
   Common Stock: $0.00001 Par Value; Authorized Shares,
   Additional Paid In Capital                                                        1,568,534             711,684
   Loss Accumulated During the Development Stage                                      (989,256)           (639,855)
   Accumulated Other Comprehensive Income                                                5,636                   0
Total Stockholders' Equity                                                             585,328              72,093

Total Liabilities and Stockholders' Equity                                       $     620,306         $   103,551

</TABLE>

   The accompanying notes are an integral part of these financial statements.
                                       10

<PAGE>

                              EQUITYALERT.COM, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
               FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998, AND
                FOR THE PERIOD FROM INCEPTION (JANUARY 13, 1997)
                              TO DECEMBER 31, 1999


<TABLE>
<CAPTION>

                                                                                                                From Inception
                                                                                                                (January 13,
                                                                Year Ended              Year Ended              1997) to
                                                                December 31, 1999       December 31, 1998       December 31, 1999
                                                                -----------------       -----------------       -----------------
<S>                                                             <C>                     <C>                     <C>
Revenues                                                        $              0        $             0         $            0

Expenses
   General and Administrative                                            383,389                129,461              1,023,667

Other Income
   Interest Income                                                        33,988                      1                 34,411

Net Loss Available to Common Stockholders                       $       (349,401)       $      (129,460)        $     (989,256)

Basic Loss Per Common Share                                     $         (0.009)       $         (0.05)        $        (0.03)

Basic Weighted Average Common Shares Outstanding                      38,885,770              2,432,186             38,885,770

</TABLE>

   The accompanying notes are an integral part of these financial statements.
                                       11

<PAGE>


                              EQUITYALERT.COM, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
      FOR THE PERIOD FROM INCEPTION (JANUARY 13, 1997) TO DECEMBER 31, 1999

<TABLE>
<CAPTION>
                                                                                                Loss
                                                                                                Accumulated  Accumulated
                                                                                     Additional During the   Other
                                            Preferred Stock       Common Stock       Paid In    Development  Comprehensive
                                           Shares      Amount   Shares     Amount    Capital    Stage        Income        Total
                                           ------      ------   ------     ------    -------    -----        ------        -----
<S>                                        <C>         <C>      <C>        <C>       <C>        <C>          <C>           <C>
Issuance of Common Stock
  For Services Rendered,
  January 13, 1997                                                 60,000  $   1        2,999                              $  3,000
Issuance of Common Stock For Cash,
  February 28, 1997                                                 6,000      0       75,000                                75,000
Conversion of Debt to Equity,
  June 17, 1997                                                    33,876      0       84,691                                84,691
Issuance of Common Stock For Cash,
  June 17, 1997                                                     5,834      0       14,586                                14,586
Issuance of Common Stock For
  Services, June 17, 1997                                          82,290      1      205,722                               205,723
Issuance of Common Stock For Cash,
  August 12, 1997                                                   2,000      0       25,000                                25,000
Issuance of Common Stock For Services
  Rendered, August 12, 1997                                         6,000      0       75,000                                75,000
Conversion of Debt to Equity,
  December 31, 1997                                                 2,186      0       63,948                                63,948
Loss, From Inception (January 13, 1997)
  to December 31, 1997                                                                            (510,395)                (510,395)
Balance, December 31, 1997                   0           0        198,186      2      546,946     (510,395)        0         36,553
Issuance of Common Stock For Cash,
  August 15, 1998                                                 200,000      2        4,998                                 5,000

</TABLE>

    The accompanying noes are an integral part of these financial statements.
                                       12

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       STATEMENT OF STOCKHOLDERS' EQUITY
     FOR THE PERIOD FROM INCEPTION (JANUARY 13, 1997) TO DECEMBER 31, 1999

<TABLE>
<CAPTION>

                                                                                                  Loss
                                                                                                  Accumulated  Accumulated
                                                                                     Additional   During the   Other
                                               Preferred Stock      Common Stock     Paid In      Development  Comprehensive
                                               Shares    Amount   Shares     Amount  Capital      Stage        Income      Total
                                               ------    ------   ------     ------  -------      -----        ------      -----
<S>                                            <C>      <C>      <C>        <C>     <C>          <C>          <C>         <C>
Cancellation of Common Stock Issued,
  August 17, 1998                                                    (16,000)     0           0                                   0
Issuance of Common Stock For Cash,
  December 11, 1998                                                4,000,000     40      99,960                             100,000
Issuance of Common Stock For
  Services, December 11, 1998                                      2,000,000     20      49,980                              50,000
Issuance of Common Stock for Services
  Rendered, December 31, 1998                                     20,000,000    200       9,800                              10,000
Loss, Year Ended December 31, 1998                                                                (129,460)                (129,460)
Balance, December 31, 1998                          0         0   26,382,186    264     711,684   (639,855)        0         72,093
Common Stock Issued For Cash,
  March 31, 1999                                                  15,000,000    150     824,850                             825,000
Exercise of Stock Options at $2.00
  Per Share, September 1999                                            9,000             18,000                              18,000
Exercise of Stock Options at $2.00
  Per Share, December 1999                                             7,000             14,000                              14,000
Loss, Year Ended December 31, 1999                                                                (349,401)                (349,401)
Other Comprehensive Income
  Translation Adjustments                                                                                      5,636          5,636
Balance, December 31, 1999                          0   $     0   41,398,186 $  414 $ 1,568,534   (989,256)    5,636       $585,328


</TABLE>

                                       13

<PAGE>

                              EQUITYALERT.COM, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
               FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998, AND
                FOR THE PERIOD FROM INCEPTION (JANUARY 13, 1997)
                              TO DECEMBER 31, 1999
]<TABLE>
<CAPTION>

                                                                                                                From Inception
                                                                           Year Ended        Year Ended         (January 13, 1997)
                                                                           December 31,      December 31        to December 31,
                                                                           1999              1998               1999
                                                                           ----              ----               ----
<S>                                                                        <C>               <C>                <C>
Cash Flows From Operating Activities
   Net Loss                                                                $  (349,401)      $      (129,460)   $         (989,256)
   Adjustments to Reconcile Net Loss to Net Cash Used       By
   Depreciation                                                                   1,521                    0               1,521
   Common Stock Issued For Services                                                   0               60,000             343,723
   Translation Adjustments                                                        5,636                    0               5,636
   Changes in Assets and Liabilities
      (Increase) Decrease in Other Receivables                                        0                6,744                   0
      (Increase) Decrease in Prepaid Expenses                                   (9,074)                    0             (9,074)
      (Increase) Decrease in Deposits                                                 0                1,855                   0
       Increase (Decrease) in Accounts Payable                                    3,520                2,343              24,978
   Total Adjustments                                                              1,603               70,942             366,784
Net Cash Used By Operating Activities                                          (347,798)             (58,518)           (622,472)

Cash Flows From Investing Activities
   Purchase of Property and Equipment                                           (20,773)                   0             (20,773)
Net Cash Flows From Investing Activities                                        (20,773)                   0             (20,773)

Cash Flows From Financing Activities
   Proceeds From Sale of Common Stock                                           957,000                5,000           1,076,586
   Advances From Related Parties                                                      0               10,000             158,639
Net Cash Provided By Financing Activities                                       957,000               15,000           1,235,225

Increase (Decrease) in Cash and Cash Equivalents                                588,429              (43,518)            591,980
Cash and Cash Equivalents, Beginning of Year                                      3,551               47,069                   0
Cash and Cash Equivalents, End of Year                                      $   591,980      $         3,551    $        591,980

Supplemental Information
   Cash Paid For:
      Interest                                                              $         0      $             0    $              0
      Income Taxes                                                          $         0      $             0    $              0

   Noncash Investing and Financing Activities:
      Common Stock Issued For Services                                      $         0      $        60,000    $        343,723
      Conversion of Debt to Equity                                          $         0      $             0    $        148,639

</TABLE>

   The accompanying notes are an integral part of these financial statements.
                                       14

<PAGE>

                              EQUITYALERT.COM, INC.
                          (A Development Stage Company)
                        NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998


NOTE 1 - ORGANIZATION
---------------------

     Equityalert.com,  Inc. (the Company) was incorporated under the laws of the
     State of  Florida  on  January  13,  1997,  under  the  name of San  Marino
     Minerals,  Inc., with an authorized capital of 100,000,000 shares of common
     stock with a par value of $0.001  per  share.  On  December  5,  1997,  the
     Company  amended its articles of  incorporation  to increase the authorized
     capital  stock of the Company by  1,000,000  shares of  preferred  stock at
     $0.10 par value  per  share.  On April  15,  1998,  the board of  directors
     authorized a reverse split of 100:1 of the Company's common stock, with the
     par value and authorized  capital  remaining the same. On May 14, 1998, the
     Company amended its Articles of  Incorporation to change its name to Molina
     Corp,  with no change in  authorized  capital or par  value.  On August 10,
     1998,  the  Company  reincorporated  under  the laws of the State of Nevada
     under the name Centaur Technologies,  Inc. with no change in the authorized
     capital of the  Company,  but changes to its par value of common stock from
     $0.001 to $0.00001 and the par value of its  preferred  stock from $0.10 to
     $0.001.  On August 11, 1998,  the Company filed  Articles of Dissolution in
     the State of Florida  dissolving  Molina Corp.  On February  17, 1999,  the
     Company  reincorporated  in the State of  Florida  under the name of Molina
     Corp. On March 10, 1999,  the Company filed Articles of Merger in the State
     of Nevada between Molina Corp. and Centaur Technologies, Inc., with Centaur
     Technologies,  Inc. being the surviving corporation. On May 14, 1999, these
     same  Articles  of  Merger  were  filed in the State of  Florida,  with the
     surviving  Nevada  corporation  not  authorized  to  transact  business  in
     Florida. On May 6, 1999, the board of directors  authorized a forward split
     of 2:1 of the  Company's  common  stock,  with the par value  remaining the
     same,  effective  May 14, 1999.  On May 18, 1999,  the Company  amended its
     articles of  incorporation to change its name to  Traderalert.com,  Inc. On
     June 3, 1999, the Company amended its articles of  incorporation  to change
     its name to  Equityalert.com,  Inc., due to a trademark  conflict.  All per
     share and per share information have been adjusted retroactively to reflect
     changes in par value and stock splits.

     The  Company  offers  online  investors  a broad  suite of  trading  tools,
     including  news,  mutual fund  information,  stock  quotes,  stock  splits,
     upgrades and downgrades,  and customizable  interactive  intra-day  trading
     charts.

     On  January  13,  1997,  the  Company  issued  3,000,000   (60,000  current
     equivalent)  restricted  shares  of common  stock at  $0.001  par value for
     services rendered, or $3,000.

                                       15

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     During  January  and  February,  1997,  the Company  completed  an Offering
     Memorandum for 300,000 (6,000  current  equivalent)  shares of common stock
     for cash at $0.25 per share,  or $75,000.  The shares  were  issued  during
     February, 1997.

     On June  17,  1997,  the  Company  completed  an  Offering  Memorandum  for
     6,100,000 (122,000 current  equivalent) shares of common stock at $0.05 per
     share and issued the

NOTE 1 - ORGANIZATION (CONTINUED)
---------------------------------

     following  shares:  1,693,820  (33,876 current  equivalent)  shares for the
     conversion of debt to equity at $0.05 per share, or $84,691; 291,720 (5,834
     current  equivalent)  shares for cash at $0.05 per share,  or $14,586;  and
     4,114,460 (82,290 current equivalent) shares for services rendered at $0.05
     per share, or $205,723.

     On August 12,  1997,  the  Company  completed  an Offering  Memorandum  for
     400,000  (8,000  current  equivalent)  shares of common  stock at $0.25 per
     share and issued the following shares:  100,000 (2,000 current  equivalent)
     shares for cash at $0.25 per share, or $25,000;  and 300,000 (6,000 current
     equivalent) shares for services rendered at $0.25 per share, or $75,000.

     On December 31, 1997, the Company issued 109,205 (2,186 current equivalent)
     shares of common  stock for the  conversion  of debt to equity at $0.59 per
     share, or $63,948.

     On August 15, 1998, the Company issued 100,000 (200,000 current equivalent)
     shares  of  common  stock at $0.05  per  share,  or  $5,000,  as part of an
     Offering Memorandum.

     On  August  17,  1998,  the  Company   canceled   800,000  (16,000  current
     equivalent)  shares of common stock  formerly  issued on June 16, 1997, for
     services rendered.

     On December 11, 1998,  the Company  completed  an Offering  Memorandum  for
     3,000,000  (6,000,000  current  equivalent) shares of common stock at $0.05
     per share and issued the following  shares:  2,000,000  (4,000,000  current
     equivalent) shares for cash at $0.05 per share, or $100,000;  and 1,000,000
     (2,000,000  current  equivalent)  shares for services rendered at $0.05 per
     share, or $50,000.

     On December 31, 1998, the Company  issued  10,000,000  (20,000,000  current
     equivalent)  shares of common stock for the services rendered at $0.001 per
     share, or $10,000.

                                       16

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     On March 31,  1999,  the  Company  completed  an  Offering  Memorandum  for
     7,500,000  (15,000,000  current equivalent) shares of common stock at $0.11
     per share, or $825,000.

     During  September 1999, the Company issued 9,000 shares of common stock for
     the exercise of stock options at $2.00 per share, or $18,000.

     During  December  1999, the Company issued 7,000 shares of common stock for
     the exercise of stock options at $2.00 per share, or $14,000.

     The  Company is a  development  stage  company,  as  defined  in  Financial
     Accounting Standards Board No. 7. The Company is devoting substantially all
     of its present efforts

NOTE 1 - ORGANIZATION (CONTINUED)
---------------------------------

     in securing  and  establishing  a new  business,  and  although its planned
     principal operations have commenced there have been no significant revenues
     derived therefrom.  The Company's  operations  involve selling  advertising
     through an online opt-in email list. Working capital funds will be obtained
     by seeking additional funding from private and public equity investments to
     meet such  needs.  The  accompanying  financial  statements  should  not be
     regarded as typical for normal operating periods.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
----------------------------------------

     A. Cash and Cash Equivalents
     ----------------------------

     The Company  considers  all highly  liquid  instruments  with a maturity of
     three months or less when acquired to be cash and cash equivalents.

     B. Basis of Financial Statement Presentation
     --------------------------------------------

     The Company's financial statements are prepared using the accrual method of
     accounting.

     C. Concentration of Credit Risk
     -------------------------------

                                       17

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     The Company  maintains U.S. dollar cash balances in Canadian banks that are
     not insured.

     D. Advertising Costs
     --------------------

     Advertising costs are expensed as incurred.

     E. Foreign Currency Translation
     -------------------------------

     Assets and liabilities recorded in foreign currencies are translated at the
     exchange rate on the balance sheet date, except for fixed assets, which are
     remeasured at historical exchange rates.  Translation adjustments resulting
     from this  process are charged or credited to other  comprehensive  income.
     Revenues and expenses are  translated at average  exchange  rates in effect
     during each period.  Gains and losses on foreign currency  transactions are
     included in net earnings.

     F. Per Share of Common Stock
     ----------------------------

     Basic  earnings or loss per share has been  computed  based on the weighted
     average number of common shares outstanding. All earnings or loss per share
     amounts in the

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
----------------------------------------------------

     financial  statements are basic  earnings or loss per share,  as defined by
     Statement of Financial Accounting Standards ("SFAS") No. 128, "Earnings Per
     Share." Diluted weighted average shares  outstanding  exclude the potential
     common  shares  from  stock  options  because  to do  so  would  have  been
     antidilutive.  All per share and per share  information  have been adjusted
     retroactively to reflect stock splits and changes in par value.

     G. Income Taxes
     ---------------

     The Company accounts for income taxes under the provisions of SFAS No. 109,
     "Accounting for Income Taxes," by which deferred tax liabilities and assets
     are determined based on the difference between the financial  statement and
     tax bases of assets and liabilities,  using enacted tax rates in effect for
     the year in which the differences are expected to reverse. See Note 6.

                                       18

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     H. Stock-Based Compensation

     The Company accounts for stock-based compensation using the intrinsic value
     method   prescribed  in  Accounting   Principles   Board  Opinion  No.  25,
     "Accounting  for Stock Issued to  Employees."  Compensation  cost for stock
     options,  if any, is measured as the excess of the quoted  market  price of
     the  Company's  stock at the date of grant over the amount an employee must
     pay to acquire the stock.

     SFAS  No.  123,  "Accounting  for  Stock-Based  Compensation,"  established
     accounting and disclosure  requirements using a fair-value-based  method of
     accounting for stock-based  employee  compensation  plans.  The Company has
     elected to continue its current  method of accounting  as described  above,
     and has adopted the disclosure-only requirements of SFAS No. 123, effective
     January 13, 1997. See Note 7.

     I. Capital Structure
     --------------------

     The Company has implemented SFAS No. 129,  "Disclosure of Information about
     Capital Structure,"  effective January 1, 1998, which established standards
     for  disclosing  information  about  an  entity's  capital  structure.  The
     implementation  of SFAS No.  129 had no effect on the  Company's  financial
     statements

     J. Comprehensive Income
     -----------------------

     The Company has implemented SFAS No. 130, "Reporting Comprehensive Income,"
     effective  January 1, 1998,  which requires  companies to classify items of
     other  comprehensive  income by their nature in a financial  statement  and
     display the

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
----------------------------------------------------

     accumulated balance of other comprehensive  income separately from retained
     earnings  and  additional  paid  in  capital  in the  equity  section  of a
     statement of financial position. Accumulated other comprehensive income for
     the period ended December 31, 1999, represents foreign currency translation
     items associated with the Company's Canadian operations. The implementation
     had no effect for the period ended December 31, 1998.

     K. Start-up Costs
     -----------------

                                       19

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     Cost of start-up activities  represent  organization costs and are expensed
     as incurred.  For income tax purposes, the Company has elected to treat its
     organizational  expenditures as deferred  expenses and amortize them over a
     period of sixty  months,  beginning  in the  first  month  the  Company  is
     actively in business. See Note 6.

     L. Use of Estimates
     -------------------

     The  preparation  of financial  statements  in  accordance  with  generally
     accepted  accounting  principles  requires management to make estimates and
     assumptions  that affect the amounts  reported in the financial  statements
     and accompanying notes. Actual results could differ from those estimates.

     M. Pending Accounting Pronouncements
     ------------------------------------

     It is anticipated that current pending accounting  pronouncements  will not
     have an adverse impact on the financial statements of the Company.

NOTE 3 - STOCK SUBSCRIPTION RECEIVABLE
--------------------------------------

     On December 11, 1998,  the Company  completed  an Offering  Memorandum  for
     3,000,000 (6,000,000 current equivalent) shares of common stock at $.05 per
     share, of which 1,000,000 (2,000,000 current equivalent) shares were issued
     for services,  and 2,000,000  (4,000,000  current  equivalent)  shares were
     issued for cash. A stock  subscription  receivable was recorded at December
     31, 1998, for the shares issued for cash,  which was received on January 8,
     1999. All of the shares were issued on January 13, 1999.

NOTE 4 - PROPERTY AND EQUIPMENT
-------------------------------

     Property and Equipment consists of the following at December 31, 1999:


                                       20

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

NOTE 4 - PROPERTY AND EQUIPMENT (CONTINUED)
-------------------------------------------
<TABLE>
<CAPTION>

<S>                                                  <C>
Computer Hardware                                    $   10,012
Computer Software                                         6,995
Furniture and Fixtures                                    3,766
Total                                                    20,773
Less Accumulated Depreciation                             1,521
Net Book Value                                       $   19,252

</TABLE>

     Depreciation expense charged to operations during 1999 was $1,521.

NOTE 5 - OTHER ADVANCES
-----------------------

     Other advances at December 31, 1999 and 1998, of $10,000 represent advances
     from a director. The amount bears no interest, is unsecured,  and is due on
     demand.

NOTE 6 - INCOME TAXES
---------------------

     There is no current or  deferred  tax  expense  for the any of the  periods
     indicated,  due to the  Company's  loss  position.  The  benefits of timing
     differences   have  not  been   previously   recorded.   The  deferred  tax
     consequences  of temporary  differences  in reporting  items for  financial
     statement  and  income  tax  purposes  are   recognized,   as  appropriate.
     Realization  of the future tax benefits  related to the deferred tax assets
     is dependent on many factors,  including the Company's  ability to generate
     taxable  income  within  the  net  operating  loss   carryforward   period.
     Management  has  considered  these factors in reaching its conclusion as to
     the valuation allowance for financial  reporting  purposes.  The income tax
     effect of  temporary  differences  comprising  the  deferred tax assets and
     deferred tax liabilities is a result of the following at December 31:

<TABLE>
<CAPTION>

Deferred Taxes                            1999                        1998
--------------                            ----                        ----
<S>                                       <C>                         <C>
Start-up Costs                            $   330,222                 $   217,550
Valuation Allowance                          (330,222)                   (217,550)
Net Deferred Tax Assets                   $         0                 $         0

</TABLE>


NOTE 7 - STOCK OPTIONS
----------------------

     The Company has three stock  option  plans that provide for the granting of
     stock options to officers and key  employees as follows:  1997 Stock Option
     Plan (SOP), 500,000 (10,000 current equivalent) shares of authorized common
     stock;  1998  SOP,  2,000,000  (4,000,000  current  equivalent)  shares  of
     authorized  common  stock;  and  1999  SOP  5,000,000  (10,000,000  current
     equivalent)  shares of  authorized  common  stock,  all of which expire ten
     years  from the date of  grant.  The  objectives  of  these  plans  include
     attracting  and retaining  the best  personnel,  providing  for  additional
     performance

                                       21

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

NOTE 7 - STOCK OPTIONS (CONTINUED)
----------------------------------

     incentives, and promoting the success of the Company by providing employees
     the opportunity to acquire common stock.

     In accordance with the stock option plan agreements,  adjustments have been
     made to the common  stock for the  reverse  split on a  100-for-one  basis,
     effective  April 15, 1998,  and the forward split on a  two-for-one  basis,
     effective May 14, 1999. The option price payable per share was not changed.

     On June 14, 1999,  2,000,000  (4,000,000 current  equivalent)  options were
     granted  under the 1998 SOP at $2.00 per  share and are  exercisable  until
     June 14, 2009.

     On August 22, 1999,  8,000,000 options were under the 1999 SOP at $2.00 per
     share and are exercisable until August 22, 2009.

     The status of the Company's  stock option plans are summarized  below as of
     December 31:

<TABLE>
<CAPTION>

                                                                Number of Option        Shares Price
                                                                ----------------        ------------
<S>                <C>                                           <C>                    <C>
Granted  Under the 1998 Stock Option Plan                        4,000,000              $  2.00
Exercised  Under the 1998 Stock  Option Plan                       (11,000)                2.00
Granted  Under the 1999 Stock  Option Plan                       8,000,000                 2.00
Exercised Under the 1999 Stock Option Plan                          (5,000)                2.00
Options Outstanding at December 31, 1999                        11,984,000              $  2.00

</TABLE>


     The Company accounts for stock-based compensation using the intrinsic value
     method   prescribed  by  Accounting   Principles   Board  Opinion  No.  25,
     "Accounting  for Stock Issued to  Employees,"  under which no  compensation
     cost for stock options is recognized for stock options awards granted at or
     above  fair  market  value.  Had  compensation  expense  for the  Company's
     stock-based compensation plans been determined under SFAS No. 123, based on
     the fair market value at the grant dates, the Company's pro forma net

                                       22

<PAGE>

                             EQUITYALERT.COM, INC.
                         (A Development Stage Company)
                       NOTES TO THE FINANCIAL STATEMENTS
                           DECEMBER 31, 1999 AND 1998

     loss and pro forma net loss per share would have been  reflected as follows
     at December 31, 1999:

<TABLE>
<CAPTION>
<S>                                      <C>
Net Loss
  As reported                            $     (337,826)
  Pro forma                              $   (4,352,528)
Net Loss Per Share
  As reported                            $        (0.01)
  Pro forma                              $        (0.11)

</TABLE>

NOTE 7 - STOCK OPTIONS (CONTINUED)
----------------------------------

     The fair value of each option grant is estimated on the date of grant using
     the Black-Scholes option pricing model with the following  weighted-average
     assumption used for those options  granted:  dividend yield of 0%, expected
     volatility of 273%,  risk-free interest rate of 5%, and an expected life of
     10 years.

NOTE 8 - SUBSEQUENT EVENTS
--------------------------

     During  March  2000,  the  Company's  planned  principal  operations  began
     generating significant revenues.

                                       23

<PAGE>


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

     Clancy and Co., P.L.L.C.  are the Company's  independent public accountants
since inception. There have no disagreements with Clancy and Co., P.L.L.C.

ITEM 9: DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     The  following  narrative  describes  the  positions  held by the Company's
current  officers and directors.  During 2000, the Board met once and each board
member attended at least 75% of the board and committee  meetings that were held
while they were in office.

     BHUPINDER  MANN(Age 45) President and Chief  Executive  Officer,  Director.
Between 1986 and 1989,  Mr. Mann became engaged in the  commodities  and futures
markets as a registered broker for Evergreen Futures.  During the period between
1989 and 1995, Mr. Mann served as the President of First College of Commodities,
which  provided  training  and  educational  services.  In  1995,  Mr.  Mann was
responsible  for sales at Radd  Multimedia  and  later in the year for  investor
relation at Aqua One  Beverage.  Between  1996 and 1999,  Mr. Mann served as the
Manager of  investor  relation  for MedCare  Technologies,  Inc.,  a  healthcare
technology  service  company.   Mr.  Mann  graduated  in  1978  from  Nottingham
University  with a B.A. Hons. In Political  Science.  Mr. Mann has served as the
Company's  President,  Chief  Executive  Officer and Director  since January 21,
2000.

     HARMEL S.  RAYAT(Age  38)  Chairman,  Director.  Mr.  Rayat has been in the
venture  capital  industry  since  1981  and  since  January  1993  has been the
president of Hartford  Capital  Corporation,  a company that provides  financial
consulting  services  to  emerging  growth  corporations.  Mr.  Rayat  is also a
Director of WhatsOnline.com and Zeta Corporation. Mr. Rayat served as a Director
and the  Company's  President  from April 19,  1999 to August 2,  1999,  and the
Company's Chairman since August 2, 1999.

     GURMUKH S. KUNDAN(Age 26) Secretary,  Treasurer,  Director.  Mr. Kundan has
held positions with several communications organizations. From 1997 to 1998, Mr.
Kundan was Vice  President of Marketing  for a start up Web site design  company
where he was responsible for developing and initiating marketing strategies that
grew the company's market share. From May 1997 to September 1997, Mr. Kundan was
Information  Officer  for one of the world's top  sub-atomic  particle  research
institutes where he was responsible for public  relations.  From January 1997 to
March  1997,  Mr.  Kundan  was a  co-owner  of a public  relations  firm,  which
specialized in contracts with the federal  government,  where he was responsible
for the  daily  operations  of the  firm and for  public  relations  work.  From
September  1996 to December 1997, Mr. Kundan was a journalist for the Department
of Indian Affairs and Northern  Development,  where he wrote newspaper  articles
about First Nations  economic  development.  Mr. Kundan holds a Bachelor of Arts
Degree  from  Simon  Fraser  University,  with a major in  Communication  and an
extended  minor in  Archaeology.  From the Fall of 1992 to June 1999, Mr. Kundan
was a student  at Simon  Fraser  University.  Mr.  Kundan  has been a  Director,
Secretary and Treasurer of the Company since July 28, 1999.


ITEM 10: EXECUTIVE COMPENSATION

     The following  table shows,  for the  three-year  period ended December 31,
1999,  the cash  compensation  paid by the  Company,  as well as  certain  otehr
compensation  paid or accrued for such year,  to the Company's  Chief  Executive
Officer and the  Company's  other most highly  compensated  executive  officers.
Except as set forth on the following table, no executive  officer of the Company
has a total annual salary and bonus for 1999 that exceeded $100,000.


                                       24

<PAGE>

                           Summary Compensation Table
                           --------------------------

<TABLE>
<CAPTION>
                                                                                          Securities
                                                                                          Underlying
                                                                                          Options             All Other
Name and Principal Position       Year        Salary       Bonus       Other              Granted             Compensation
---------------------------       ----        ------       -----       -----              -------             ------------
<S>                               <C>         <C>          <C>         <C>                <C>                 <C>
Bhupinder Mann                    1999        $0           $0          $19,799            0                   $19,799
CEO, President, Director
                                  1998        $0           $0          $0                 0                   $0
                                  1997        $0           $0          $0                 0                   $0
Harmel S. Rayat                   1999        $0           $0          $0                 8,000,000           $0
Chairman, Director
                                  1998        $0           $0          $0                 0                   $0
                                  1997        $0           $0          $0                 0                   $0
Gurmukh S. Kundan                 1999        $10,273      $0          $0                 0                   $10,273
Secretary, Treasurer,
Director
                                  1998        $0           $0          $0                 0                   $0
                                  1997        $0           $0          $0                 0                   $0

</TABLE>

                           Stock Option Grants in 1999
                           ---------------------------

     Shown below is further information regarding employee stock options awarded
during 1999 to the named officers and directors:

<TABLE>
<CAPTION>
                         Number of
                         Securities              % of Total
                         Underlying              Options Granted
Name                     Options                 to Employees            Exercise Price           Expiration Date
----                     -------                 ------------            --------------           ---------------
<S>                      <C>                     <C>                     <C>                      <C>
Harmel S. Rayat          2,000,000               50%                     $2.00                    2008
                         6,000,000               75%                     $2.00                    2009

</TABLE>

       Aggregated Option Exercises During 1999 and Year-End Option Values
       ------------------------------------------------------------------

     The following table shows certain  information about unexercised options at
year-end with respect to the named officers and directors:


<TABLE>
<CAPTION>
                         Common Shares           Common Shares           Value of                 Value of
                         Underlying              Underlying              Unexercised In-          Unexercised In-
                         Unexercised             Unexercised             The-Money                The-Money
                         Options on              Options on              Options on               Options on
                         12/31/99                12/31/99                12/31/99                 12/31/99
Name                     Exercisable             Unexercisable           Exercisable              Unexercisable
----                     -----------             -------------           -----------              -------------
<S>                      <C>                     <C>                     <C>                      <C>
Harmel S. Rayat          8,000,000               0                       $24,000,000              $0

</TABLE>

     The value of the options is  calculated  using the fair market value of the
Company's  Common Stock on December 31,  1999($5.00 per share minus the exercise
price per share, of the in-the-money options, multiplied by the number of shares
subject to each option.


ITEM 11: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

                                       25

<PAGE>

     The  following  table sets  forth,  as of April 25,  2000,  the  beneficial
ownership of the Company's Common Stock by each nominee,  director and executive
officer of the  Company,  each person known by the Company to  beneficially  own
more than 5% of the Company's  Common Stock  outstanding as of such date and the
executive officer and directors of the Company as a group.

<TABLE>
<CAPTION>
                                            Number of Shares
Person or Group                             Of Common Stock                    Percent
---------------                             ---------------                    -------
<S>                                         <C>                                <C>
Harmel S. Rayat (1)                         31,181,850                         75.3%
216-1628 West First Avenue
Vancouver, B.C.  V6J 1G1 Canada

Bhupinder Mann                                 202,000                         0.49%
216-1628 West First Avenue
Vancouver, B.C.  V6J 1G1 Canada

Gurmukh S. Kundan                                    0                         0.00%
216-1628 West First Avenue
Vancouver, B.C.  V6J 1G1 Canada

Directors and Executive Officer             31,383,850                         75.79%
as a group (3 persons)

</TABLE>

     Includes 8,000,000 shares which may be acquired pursuant to options granted
and  exercisable  under  the  Company's  1998 and 1999  stock  option  plans and
1,177,850 shares held by Tajinder Chohan, Mr. Rayat's wife. Additionally,  other
members of Mr.  Rayat's  family  hold  2,612,570  shares.  Mr.  Rayat  disclaims
beneficial  ownership  of the  shares  beneficially  owned by his wife and other
family members.

ITEM 12: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     The   Company   subleases   143.4   square   feet  of  office   space  from
WhatsOnline.com.  This office space is located at 15 Wertheim Court,  Suite 311,
Richmond  Hill,  Ontario,  L4B 3H7 and is  subleased  by the  Company  for  $250
Canadian per month until  February 28, 2002. Mr. Harmel S. Rayat, a director and
majority  shareholder  of  EquityAlert.com,  is  also a  director  and  majority
shareholder of WhatsOnline.com.  During 1999,  EquityAlert.com has the temporary
use of office space located at Suite 214 and 216, 1628 First Avenue,  Vancouver,
B.C.,  V6J 1G1.  This office space was provided to  EquityAlert.com  free of any
charges by  certain  family  members  of Mr.  Harmel S.  Rayat,  a director  and
majority shareholder of the Company.

                                     PART IV

ITEM 13: EXHIBITS AND REPORTS ON FORM 8-K

     There are no  exhibits  to be filed as part of this  Annual  Report on Form
10KSB.

     No reports  on Form 8-K were  filed  during  the  Company's  fourth  fiscal
quarter.

                                   SIGNATURES

Pursuant to the  requirements  of Sections  13 or 15 (d) of the  Securities  and
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the  undersigned,  thereunto  duly  authorized on this 11th day of
Mayl, 2000.

                                                           EQUITYALERT.COM, INC.


                                                              /s/ Bhupinder Mann
                                                              ------------------
                                           By Bhupinder Mann,  CEO and President

                                       26

<PAGE>

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
registrant and in capacities and on the dates indicated.

Signature                           Title                         Date

/s/ Harmel S. Rayat                 Director and Chairman         May 11, 2000
-------------------                 ---------------------         ------------
Harmel S. Rayat

/s/ Gurmukh S. Kundan               Director, Secretary,          May 11, 2000
---------------------               --------------------          ------------
Gurmukh S. Kundan                   Treasurer




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