---

**UNITED STATESSECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

FORM 10-KSB/A

x Annual report
  pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934
  For the fiscal year ended June 30, 2003

 ̈ Transition report
  pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 
  For the transition period from ______ to ______

000-30442
  (Commission File No.)

ZOOLINK CORP.
  (Name of small business issuer in its charter)

NEVADA
  (State or other jurisdiction of incorporation or organization)

91 -1997473
  (I.R.S. Employer I.D. No.)

510  601 West Hastings Street, Vancouver, British
  Columbia, Canada, V6B 5A6, Tel: (604) 638-5465
  (Address, including zip code, and telephone number of registrant's principal
  executive offices)

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

Securities registered pursuant to Section 12(g) of the Act:
  Common Stock $0.001 par value

Indicate by check mark whether the registrant (1) 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 (2) has been subject
  to such filing requirements for the past 90 days. Yes x
  No  ̈

Indicate by check mark if disclosure of delinquent filers pursuant
  to Item 405 of Regulation S-B 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-KSB or any
  amendment to this Form 10-KSB. x

The registrant's consolidated revenues for its most recent
  fiscal year were $764,742.

The aggregate market value of the voting common equity held
  by non-affiliates of the registrant was $4,660,036, based on the closing trade
  on August 29,2003 as reported on the NASD Over-the-Counter Bulletin Board quotation
  system. Shares of Common Stock held by each officer and director and by each

---

person who is known by the registrant to owns 5% or more of
  the outstanding Common Stock have been excluded from this calculation as such
  persons may be considered to be affiliated with the Company.

As of June 30, 2003, the registrant's outstanding common stock
  consisted of 19,309,951 shares. DOCUMENTS INCORPORATED BY REFERENCE: None Transitional
  Small Business Disclosure Format (Check one): Yes ̈
  No x

---

Form 10-KSBTable of Contents

|Part | Item No. |                                 
|---- | -------- | --------------------------------
|     |          |                                 
|II   | 7        | Financial Statements            
|     | 13       | Exhibits and Reports on Form 8-K



---

Item 7.     FINANCIAL STATEMENTS

The financial statements are attached to this report following the signature page.





2

---

Item 13.     EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

|31 | Rule 13a-14(a)/15d-14(a) Certification | Filed herewith
|-- | -------------------------------------- | --------------
|   |                                        |               
|32 | Section 1350 Certification             | Filed herewith

(b) Reports on Form 8-K

A Form 8-K was filed on January 21, 2003 notifying the change in principal
  accountants from Deloitte & Touche LLP to Morgan & Company LLP.





3

---

Signatures

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on December 1, 2003.

| | ZOOLINK CORP.                        
| | -------------------------------------
| |                                      
| | By: /s/ West McDonald                
| |                                      
| | West McDonald                        
| | President and Chief Executive Officer

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

|Signature         | Title                        | Date             
|----------------- | ---------------------------- | -----------------
|                  |                              |                  
|/s/ West McDonald | Director and President       | December 15, 2003
|West McDonald     | Chief Executive Officer      |                  
|                  | Principal Accounting Officer |                  

4

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003

---




REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Directors and Stockholders of 
  ZooLink Corporation 
  (Formerly NetJ.Com, Corp.)

We have audited the consolidated balance sheet of ZooLink
  Corporation (formerly NetJ.Com, Corp.) as at June 30, 2003 and the consolidated
  statements of operations, stockholders equity, and cash flows for the
  year 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 auditing standards
  generally accepted in the United States of America. Those standards require
  that we plan and perform an audit to obtain reasonable assurance whether the
  financial statements are free of material misstatement. An audit includes examining,
  on a test basis, evidence supporting the amounts and disclosures in the financial
  statements. An audit also includes assessing the accounting principles used
  and significant estimates made by management, as well as evaluating the overall
  financial statement presentation. We believe that our audit provides a reasonable
  basis for our opinion.

In our opinion, these consolidated financial statements present
  fairly, in all material respects, the financial position of the Company as at
  June 30, 2003 and the results of its operations and cash flows for the year
  then ended in accordance with accounting principles generally accepted in the
  United States of America.

The accompanying consolidated financial statements have been
  prepared assuming that the Company will continue as a going concern. As discussed
  in Note 2 to the consolidated financial statements, the Company has suffered
  losses from operations and has a working capital deficiency that raises substantial
  doubt about its ability to continue as a going concern. Managements plans
  in regard to these matters are also described in Note 2. The consolidated financial
  statements do not include any adjustments that might result from the outcome
  of this uncertainty.

|Vancouver, Canada | Morgan & Company   
|----------------- | ---------------------
|                  |                      
|September 2, 2003 | Chartered Accountants

|Tel: (604) 687-5841 |                                     | P.O. Box 10007 Pacific Centre
|------------------- | ----------------------------------- | -----------------------------
|fax: (604) 687-0075 | Sute 1488 - 700 West Georgia Street
|www.morgan-cas.com  | Vancouver, B.C. V7Y 1A1            

---

Independent Auditors’ Report

To the Directors and Shareholders of ZooLink Communications Ltd.

We have audited the balance sheet of ZooLink Communications Ltd. as at June
  30, 2002 and the statements of operations, shareholders’ equity and cash
  flows for the ten-month period ended June 30, 2002. These financial statements
  are the responsibility of the Company's management. Our responsibility is to
  express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted
  in the United States of America. Those standards require that we plan and perform
  an audit to obtain reasonable assurance 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 provide a reasonable basis for our opinion.

In our opinion, these financial statements present fairly, in all material
  respects, the financial position of ZooLink Communications Ltd. as at June 30,
  2002 and the results of its operations and its cash flows for the ten-month
  period ended June 30, 2002 in accordance with accounting principles generally
  accepted in the United States of America.

The accompanying financial statements for the period ended June 30, 2002
  have been prepared assuming that the Company will continue as a going concern.
  As discussed in Note 2 to the financial statements, the Company’s recurring
  losses from operations raise substantial doubt about its ability to continue
  as a going concern. Management’s plans concerning these matters are also
  described in Note 2. The financial statements do not include any adjustments
  that might result from the outcome of this uncertainty.



/s/Deloitte & Touche LLP

Chartered Accountants
  Vancouver, British Columbia
  September 6, 2002

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

CONSOLIDATED BALANCE SHEET(Stated in Canadian Dollars)

|                                                    |   | JUNE
      30 |  
|--------------------------------------------------- | - | ------------- | -
|                                                    |   | 2003          |  
|ASSETS                                              |   |               |  
|Current                                             |   |               |  
|Cash and cash equivalents                           | $ | 77,639        |  
|Accounts receivable and other (Note 4)              |   | 91,692        |  
|Prepaid expenses and deposits                       |   | 64,631        |  
|                                                    |   | 233,962       |  
|Capital Assets(Note 5)                              |   | 513,113       |  
|Intangible Assets(Note 6)                           |   | 105,437       |  
|                                                    |   |               |  
|                                                    | $ | 852,512       |  
|                                                    |   |               |  
|LIABILITIES                                         |   |               |  
|Current                                             |   |               |  
|Bank loan (Note 7)                                  | $ | 59,762        |  
|Accounts payable and accrued liabilities            |   | 144,555       |  
|Advances and amounts payable (Note 8)               |   | 70,100        |  
|Deferred revenue                                    |   | 16,069        |  
|Current portion of obligations under capital lease  |   | 80,240        |  
|                                                    |   | 370,726       |  
|Obligations Under Capital Lease(Note 9)             |   | 19,835        |  
|                                                    |   | 390,561       |  
|                                                    |   |               |  
|SHAREHOLDERS EQUITY                                |   |               |  
|                                                    |   |               |  
|Share Capital(Note 10)                              |   |               |  
|Authorized:                                         |   |               |  
|100,000,000 common shares with a
      par value of |   |               |  
|US$ 0.001                                           |   |               |  
|                                                    |   |               |  
|Issued and outstanding:                             |   |               |  
|19,309,951 common shares at June
      30, 2003 and |   |               |  
|12,208,397 common shares at June
      30, 2002     |   | 16,803        |  
|                                                    |   |               |  
|Additional paid-in capital                          |   | 3,253,792     |  
|                                                    |   |               |  
|Special Warrants                                    |   | 1,313,994     |  
|Deferred Compensation                               |   | (162,908      | )
|Deficit                                             |   | (3,959,730    | )
|                                                    |   | 461,951       |  
|                                                    |   |               |  
|                                                    | $ | 852,512       |  

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

CONSOLIDATED STATEMENT OF OPERATIONS (Stated in Canadian Dollars)

|                                                    |   |            |   |   | TEN        |  
|--------------------------------------------------- | - | ---------- | - | - | ---------- | -
|                                                    |   | YEAR       |   |   | MONTHS     |  
|                                                    |   | ENDED      |   |   | ENDED      |  
|                                                    |   | JUNE 30    |   |   | JUNE 30    |  
|                                                    |   | 2003       |   |   | 2002       |  
|                                                    |   |            |   |   |            |  
|Revenue                                             | $ | 776,742    |   | $ | 816,228    |  
|                                                    |   |            |   |   |            |  
|Operating Expenses                                  |   |            |   |   |            |  
|General and administrative expenses
      (Note 12) |   | 1,734,163  |   |   | 981,482    |  
|Sales and marketing (Note 13)                       |   | 272,995    |   |   | 304,482    |  
|Research and network development (Note
      14)    |   | 583,128    |   |   | 841,980    |  
|                                                    |   | 2,590,286  |   |   | 2,127,944  |  
|                                                    |   |            |   |   |            |  
|Loss From Operations Before Other Items             |   | (1,813,544 | ) |   | (1,311,716 | )
|                                                    |   |            |   |   |            |  
|Other Items                                         |   |            |   |   |            |  
|Interest income                                     |   | 1,739      |   |   | 24,315     |  
|Interest expense                                    |   | (32,765    | ) |   | (61,887    | )
|                                                    |   |            |   |   |            |  
|Loss For
      The Period                           | $ | (1,844,570 | ) | $ | (1,349,288 | )
|                                                    |   |            |   |   |            |  
|Basic And
      Diluted Loss Per Share              | $ | (0.08      | ) | $ | (0.07      | )
|                                                    |   |            |   |   |            |  
|Basic And Diluted Weighted Average Number Of        |   |            |   |   |            |  
|Common
      Shares                                 |   | 20,750,174 |   |   | 20,514,448 |  

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

CONSOLIDATED STATEMENT OF CASH FLOWS(Stated in Canadian Dollars)

|                                                                      |   |            |   |   | TEN        |  
|--------------------------------------------------------------------- | - | ---------- | - | - | ---------- | -
|                                                                      |   | YEAR       |   |   | MONTHS     |  
|                                                                      |   | ENDED      |   |   | ENDED      |  
|                                                                      |   | JUNE 30    |   |   | JUNE 30    |  
|                                                                      |   | 2003       |   |   | 2002       |  
|                                                                      |   |            |   |   |            |  
|Cash Flows From Operating Activities                                  |   |            |   |   |            |  
|Net loss                                                              | $ | (1,844,570 | ) | $ | (1,349,288 | )
|                                                                      |   |            |   |   |            |  
|Adjustments to reconcile net loss
      to net cash used in operating |   |            |   |   |            |  
|activities                                                            |   |            |   |   |            |  
|Amortization                                                          |   | 209,820    |   |   | 196,894    |  
|Loss
      on disposal of capital assets                              |   | -          |   |   | 4,524      |  
|Stock
      based compensation                                        |   | 553,341    |   |   | -          |  
|                                                                      |   |            |   |   |            |  
|Changes in operating assets and liabilities                           |   |            |   |   |            |  
|Accounts
      receivable                                             |   | 32,832     |   |   | 217,829    |  
|Work
      in progress                                                |   | -          |   |   | 12,000     |  
|Prepaid
      expenses and deposits                                   |   | (1,466     | ) |   | (13,269    | )
|Accounts
      payable and accrued liabilities                        |   | (138,135   | ) |   | (4,562     | )
|Deferred
      revenue                                                |   | (31,194    | ) |   | (12,176    | )
|                                                                      |   | (1,219,372 | ) |   | (948,048   | )
|                                                                      |   |            |   |   |            |  
|Cash Flows From Financing Activities                                  |   |            |   |   |            |  
|Repayment of obligations under capital
      lease                    |   | (149,136   | ) |   | (142,053   | )
|Issue of common shares                                                |   | 1,302,133  |   |   | -          |  
|Decrease in bank loan                                                 |   | (55,944    | ) |   | (46,620    | )
|Advances and amounts payable                                          |   | 70,100     |   |   | -          |  
|                                                                      |   | 1,167,153  |   |   | (188,673   | )
|                                                                      |   |            |   |   |            |  
|Cash Flows From Investing Activities                                  |   |            |   |   |            |  
|Purchase of capital assets                                            |   | (11,921    | ) |   | (68,402    | )
|Acquisition of subsidiary                                             |   | (29,900    | ) |   | -          |  
|Proceeds on disposal of capital assets                                |   | -          |   |   | 2,400      |  
|                                                                      |   | (41,821    | ) |   | (66,002    | )
|                                                                      |   |            |   |   |            |  
|Decrease In Cash And Cash Equivalents                                 |   | (94,040    | ) |   | (1,202,723 | )
|                                                                      |   |            |   |   |            |  
|Cash And Cash Equivalents, Beginning Of Period                        |   | 171,679    |   |   | 1,374,402  |  
|                                                                      |   |            |   |   |            |  
|Cash And
      Cash Equivalents, End Of Period                        | $ | 77,639     |   | $ | 171,679    |  
|                                                                      |   |            |   |   |            |  
|Supplemental Disclosure Of Non-Cash Investing And                     |   |            |   |   |            |  
|Financing Activities                                                  |   |            |   |   |            |  
|Shares issued for acquisition of subsidiary                           | $ | 49,659     |   | $ | -          |  
|Capital
      lease obligations incurred                              |   | 36,621     |   |   | 42,091     |  
|                                                                      |   |            |   |   |            |  
|Supplemental Disclosure Of Cash Flow Information                      |   |            |   |   |            |  
|Interest
      paid in cash                                           | $ | 43,127     |   | $ | 61,887     |  

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITYJUNE 30, 2003(Stated in Canadian Dollars)

|                                                                                                                                         | NUMBER
        OF
        SHARES |   |   | PAR
        VALUE |   |   | ADDITIONAL
        PAID-IN
        CAPITAL |  | NUMBER
        OF
        SPECIAL
        WARRANTS |   |   | AMOUNT    |   |   | DEFERRED
        COMPENSATION |   |   | DEFICIT
        ACCUMULATED |   |   | TOTAL      |  
|---------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------- | - | - | ----------------- | - | - | ------------------------------------------ |  | -------------------------------------------------- | - | - | --------- | - | - | ----------------------------- | - | - | --------------------------- | - | - | ---------- | -
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Balance,
        August 31, 2001                                                                                                         | 12,208,397                       |   | $ | 397,393           |   | $ |                                           |  | 4,540,134                                          |   | $ | 2,119,155 |   | $ |                              |   | $ | (765,872                    | ) | $ | 1,750,676  |  
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Loss
        for the period                                                                                                              |                                 |   |   |                  |   |   |                                           |  |                                                   |   |   |          |   |   |                              |   |   | (1,349,288                  | ) |   | (1,349,288 | )
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Balance,
        June 30, 2002                                                                                                           | 12,208,397                       |   |   | 397,393           |   |   |                                           |  | 4,540,134                                          |   |   | 2,119,155 |   |   |                              |   |   | (2,115,160                  | ) |   | 401,388    |  
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Effect
        of 1 common share of NetJ.com, Corp. for 1.3957 common shares and special
        warrants of ZooLink Communications Ltd. | (3,461,316                       | ) |   | (383,573          | ) |   | 383,573                                    |  | (1,287,216                                         | ) |   |          |   |   |                              |   |   |                            |   |   |           |  
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Total
        relating to NetJ.Com, Corp. balance, November 21, 2002                                                                     | 8,747,081                        |   |   | 13,820            |   |   | 383,573                                    |  | 3,252,919                                          |   |   | 2,119,155 |   |   |                              |   |   | (2,115,160                  | ) |   | 401,388    |  
|NetJ.Com,
        Corp. shareholders as at November 21, 2002                                                                             | 8,514,448                        |   |   |                  |   |   |                                           |  |                                                   |   |   |          |   |   |                              |   |   |                            |   |   |           |  
|Issuance
        of common stock                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|For
        acquisition of Web Host Canada Ltd.                                                                                          | 250,000                          |   |   | 355               |   |   | 49,304                                     |  |                                                   |   |   |          |   |   |                              |   |   |                            |   |   | 49,659     |  
|For
        cash                                                                                                                         | 357,500                          |   |   | 484               |   |   | 1,263,485                                  |  |                                                   |   |   |          |   |   |                              |   |   |                            |   |   | 1,263,969  |  
|For
        options exercised                                                                                                            | 205,000                          |   |   | 278               |   |   | 37,886                                     |  |                                                   |   |   |          |   |   |                              |   |   |                            |   |   | 38,164     |  
|For
        special warrants exercised                                                                                                   | 1,235,928                        |   |   | 1,866             |   |   | 803,295                                    |  | (1,235,928                                         | ) |   | (805,161  | ) |   |                              |   |   |                            |   |   |           |  
|Stock
        based compensation                                                                                                         |                                 |   |   |                  |   |   | 716,249                                    |  |                                                   |   |   |          |   |   | (162,908                      | ) |   |                            |   |   | 553,341    |  
|Loss
        for the year                                                                                                                |                                 |   |   |                  |   |   |                                           |  |                                                   |   |   |          |   |   |                              |   |   | (1,844,570                  | ) |   | (1,844,570 | )
|                                                                                                                                         |                                  |   |   |                   |   |   |                                            |  |                                                    |   |   |           |   |   |                               |   |   |                             |   |   |            |  
|Balance,
        June 30, 2003                                                                                                           | 19,309,957                       |   | $ | 16,803            |   | $ | 3,253,792                                  |  | 2,016,991                                          |   | $ | 1,313,994 |   | $ | (162,908                      | ) | $ | (3,959,730                  | ) | $ | 461,951    |  

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|1. | HISTORY AND ORGANIZATION OF THE COMPANY
      The accompanying consolidated financial statements include
        the accounts of Zoolink Corporation (Zoolink) (formerly NetJ.Com,
        Corp. (NetJ)), its wholly owned subsidiary Zoolink Communications
        (subsidiary) from November 21, 2002 (date of acquisition),
        its wholly owned subsidiary i3Datacenters Limited (i3D) and
        its wholly owned subsidiary, Web Host Canada Ltd. (WHC) from
        May 1, 2003 (date on acquisition), collectively the Company.
      The Company is a provider of internet access, networking
        services, wireless connectivity within a wide area network, web hosting,
        server co-location and managed hosting services.
      On October 1, 2002, the susidiary entered into a share
        exchange agreement with NetJ, which is a company incorporated in Nevada.
        At the time of the share exchange agreement, NetJ was a non-operating
        company.
      In connection with the agreement, NetJ acquired 100%
        of the issued and outstanding share capital of the subsidiary consisting
        of 12,208,397 common shares and 4,540,134 special warrants for consideration
        of the issuance of 12,000,000 common shares of NetJ. The transaction closed
        on November 21, 2002 and, as a result, the former shareholders of the
        subsidiary obtained a majority interest in NetJ. On closing, NetJ issued
        8,747,081 common shares and reserved for issue a total of 3,252,919 common
        shares to be issued upon conversion of the 4,540,134 special warrants.
        Prior to the closing of the acquisition agreement, NetJ issued 14,000,000
        common shares for the settlement of debt totalling US$70,000, rolled back
        its issued common shares (1 new share for each 100 old shares outstanding),
        issued 19,508,920 new shares for debt of US$687,123, issued 10,000,000
        new shares for subscriptions received of US$110,000, settled debts aggregating
        US$421,012 for US$110,000, amounts due to related parties aggregating
        US$116,048 were forgiven, and cancelled 21,265,359 new shares.
      As NetJ. was a non-operating public company, the share
        exchange has been accounted for as a recapitalization of the subsidiary
        and an issuance of shares by the subsidiary to the shareholders of NetJ.
        On November 21, 2002, NetJ had no assets or liabilities.
      In accounting for this transaction, the subsidiary is
        deemed to be the purchaser and surviving company for accounting purposes.
        Accordingly, its net assets are included in the balance sheet and their
        historical book values on the results of operations of the subsidiary
        have been presented for the comparative prior period.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|2. | GOING CONCERN
      The Company's financial statements are prepared using
        the generally accepted accounting principles applicable to a going concern,
        which contemplates the realization of assets and liquidation of liabilities
        in the normal course of business. As at June 30, 2003, the Company has
        a working capital deficit of $136,764, and an accumulated deficit of $3,959,730,
        and its operating expenses exceed its revenues. Without realization of
        additional capital or the attainment of profitable operations, it would
        be unlikely for the Company to continue as a going concern. It is management's
        plan to seek additional capital through equity financing.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|3. | SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | d)                                        
|   |                                           
|   | e)                                        
|   |                                           
|   | f)                                        

| | Computer hardware              | 30% declining balance                             
| | ------------------------------ | --------------------------------------------------
| | Computer software              | 100% declining balance                            
| | Office furniture and equipment | 20% declining balance                             
| | Leasehold improvements and     | Over the shorter of the useful life or term of the
| | computer software under lease  | lease                                             

| | g) | Intangible Assets
      Intangible assets are amortized on a straight-line basis
        over three years, representing the estimated life of the assets. SFAS
        No. 142 requires that indefinite-lived intangible assets be tested for
        impairment by comparing the intangible assets fair value to its
        carrying value. Intangible assets are deemed to be impaired if the net
        book value exceeds the estimated fair value. None of the Companys
        intangible assets are considered to be indefinite-lived and, accordingly,
        are evaluated for impairment in accordance with SFAS No. 144.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | h)                                        
|   |                                           
|   | i)                                        
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   |                                           
|   | j)                                        

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | k)                                        
|   |                                           
|   | l)                                        
|   |                                           
|   | m)                                        
|   |                                           
|   | n)                                        

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | o)                                        
|   |                                           
|   | p)                                        
|   |                                           
|   | q)                                        
|   |                                           
|   | r)                                        

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | s)                                        

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)



|3. | SIGNIFICANT ACCOUNTING POLICIES(Continued)
|-- | ------------------------------------------
|   |                                           
|   | s)                                        
|   |                                           
|4. | ACCOUNTS RECEIVABLE AND OTHER             

| |                                 |   | 2003     |   |   | 2002    |  
| | ------------------------------- | - | -------- | - | - | ------- | -
| |                                 |   |          |   |   |         |  
| | Trade accounts                  | $ | 130,653  |   | $ | 185,242 |  
| | Other amounts receivable        |   | 74,115   |   |   | 22,113  |  
| | Allowance for doubtful accounts |   | (113,076 | ) |   | (82,831 | )
| |                                 |   |          |   |   |         |  
| |                                 | $ | 91,692   |   | $ | 124,524 |  

|5. | CAPITAL ASSETS
|-- | --------------

| |                        | 2003 |           |  | 2002 |             
| | ---------------------- | ---- | --------- |  | ---- | ------------
| |                        |      |           |  |      | ACCUMULATED 
| |                        |      | COST      |  |      | DEPRECIATION
| |                        |      |           |  |      |             
| | Computer hardware      | $    | 1,051,773 |  | $    | 597,529     
| | Computer software      |      | 67,012    |  |      | 62,473      
| | Office furniture and   |      |           |  |      |             
| | equipment              |      | 79,334    |  |      | 30,040      
| | Leasehold improvements |      | 7,255     |  |      | 2,219       
| |                        |      |           |  |      |             
| |                        | $    | 1,205,374 |  | $    | 692,261     

| | Included in computer hardware is hardware under capital
        lease with an original cost of $561,287 (2002 - $524,700), included in
        computer software is software under capital lease of $25,782 (2002 - $25,782)
        and included in office furniture and equipment is equipment under capital
        lease with an original cost of $4,572 (2002 - $4,572). Accumulated amortization
        provided on the hardware under capital lease amounted to $341,802 (2002
        - $256,020), on computer software under capital lease of $21,845 (2002
        - $12,890) and on the equipment amounted to $2,378 (2002 - $1,829).
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|6. | INTANGIBLE ASSETS
      Acquired intangible assets resulted from the Companys
        acquisition of WHC (Note 11) and consist of a list of customers with an
        estimated life of three years.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Customer list                  | $ | 111,639 |  
| | ------------------------------ | - | ------- | -
| | Less: Accumulated amortization |   | (6,202  | )
| |                                | $ | 105,437 |  

|7. | BANK LOAN
      The bank loan is a demand instalment loan bearing interest
        at bank prime plus 3% per annum, secured by all the assets of the Company,
        repayable in monthly principal instalments of $4,662 plus interest, and
        is due on July 1, 2004.                                                                                                           
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                         
|8. | ADVANCES AND AMOUNTS PAYABLE
      Amounts payable of $70,100 representing remaining amounts
        payable to the former shareholders of WHC (Note 11) were paid in full
        subsequent to June 30, 2003 by cash payment of $21,600 and the granting
        of options to purchase 100,000 common shares of the Company at a price
        of $0.20 per share up to July 1, 2008.
|   |                                                                                                                                                                                                                                                                                                                                                                                         
|9. | OBLIGATIONS UNDER CAPITAL LEASE
      The Company is obligated under certain capital leases
        to future minimum annual lease payments for years ended June 30 due as
        follows:                                                                                                                                                                                             

| | 2003                                                                 | $ | 80,240  |  
| | -------------------------------------------------------------------- | - | ------- | -
| | 2004                                                                 |   | 20,983  |  
| | 2005                                                                 |   | 9,564   |  
| | 2006                                                                 |   | 2,271   |  
| |                                                                      |   | 113,058 |  
| | Less: Amount representing interest at rates varying between 8.9% and |   |         |  
| | 20.15%                                                               |   | (12,983 | )
| | Present value of future minimum lease obligations                    |   | 100,075 |  
| | Less: Current portion                                                |   | (80,240 | )
| |                                                                      |   |         |  
| |                                                                      | $ | 19,835  |  

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|10. | SHARE CAPITAL
|--- | -------------
|    |              
|    | a)           
|    |              
|    | b)           
|    |              
|    | c)           

| |                                                        |            |   |   | WEIGHTED | 
| | ------------------------------------------------------ | ---------- | - | - | -------- | 
| |                                                        |            |   |   | AVERAGE  | 
| |                                                        | NUMBER OF  |   |   | EXERCISE | 
| |                                                        | OPTIONS    |   |   | PRICE    | 
| |                                                        |            |   |   |          | 
| | Balance outstanding, August 31, 2001 and June 30, 2002 | 2,250,000  |   | $ | 1.84     | 
| |                                                        |            |   |   |          | 
| | Options granted                                        | 537,475    |   |   | 0.38     | 
| | Options exercised                                      | (205,000   | ) |   | 0.21     | 
| | Options cancelled                                      | (2,250,000 | ) |   | 1.84     | 
| |                                                        |            |   |   |          | 
| | Balance outstanding, June 30, 2003                     | 332,475    |   | $ | 0.48     | 

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|10. | SHARE CAPITAL(Continued)
|--- | ------------------------
|    |                         
|    | c)                      

| |                           |         |                    |  | OPTIONS | 
| | ------------------------- | ------- | ------------------ |  | ------- | 
| | OPTIONS
      OUTSTANDING |         | EXERCISABLE        | 
| |                           | NUMBER  | REMAINING          |  | NUMBER  | 
| | EXERCISE                  | OF      | CONTRACTUAL        |  | OF      | 
| | PRICE                     | SHARES  | LIFE
      (YEARS) |  | SHARES  | 
| |                           |         |                    |  |         | 
| | $0.16                     | 100,000 | 4.64               |  | 100,000 | 
| | 0.62                      | 232,475 | 4.64               |  | 78,738  | 
| |                           |         |                    |  |         | 
| |                           | 332,475 | 4.64               |  | 178,738 | 

| | Had the stock based compensation been determined under the method prescribed
      by SFAS No. 123, the Companys loss for the period would have been
      as follows:
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| |                                            |   | 2003       |   |   | 2002       |  
| | ------------------------------------------ | - | ---------- | - | - | ---------- | -
| |                                            |   |            |   |   |            |  
| | Net loss for the year                      | $ | (1,502,415 | ) | $ | (1,349,288 | )
| | Add: Stock-based compensation expense      |   | 553,341    |   |   | -          |  
| | included in net loss  as reported         |   |            |   |   |            |  
| | Deduct: Stock-based compensation expense   |   | (778,947   | ) |   | -          |  
| | determined under fair value method         |   |            |   |   |            |  
| |                                            |   |            |   |   |            |  
| | Pro-forma loss for the year                | $ | (1,728,021 | ) | $ | (1,349,288 | )
| |                                            |   |            |   |   |            |  
| | Pro-forma basic and diluted loss per share | $ | (0.08      | ) | $ | (0.07      | )

| | The fair value of each option granted is estimated on the grant date using
      the Black-Scholes option-pricing model assuming no dividend yield and the
      following weighted average assumptions for options granted:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Risk free interest rate  | 5%      | Nil
| | ------------------------ | ------- | ---
| | Expected life (in years) | 1       | Nil
| | Expected volatility      | 140.80% | Nil

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|11. | BUSINESS COMBINATION
      On May 1, 2003, the Company acquired WHC for $100,000
        ($29,900 paid at June 30, 2003) in cash and the issuance of 250,000 common
        shares (issued April 30, 2003). WHC provides advanced hosting solutions
        and co-location services. WHC has a complete portfolio of hosting services
        targeting small, medium and large enterprise businesses. WHCs business
        complements the products and services that the Company provides through
        its data centers in Calgary and Vancouver.
      Advances and amounts payable includes $70,100 due to
        the former shareholders of WHC. The Company was required to pay an aggregate
        $90,000 by June 30, 2003 with the balance due July 30, 2003 (Note 8).
      The following summarizes the fair values of the WHC
        assets acquired as of the acquisition date:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Acquisition price         |   |         | 
| | ------------------------- | - | ------- | 
| | Cash consideration        | $ | 100,000 | 
| | Shares issued             |   | 49,659  | 
| |                           |   |         | 
| |                           | $ | 149,659 | 
| |                           |   |         | 
| | Purchase price allocation |   |         | 
| | Capital assets            | $ | 38,020  | 
| | Customer list             |   | 111,639 | 
| |                           |   |         | 
| |                           | $ | 149,659 | 

|12. | GENERAL AND ADMINISTRATIVE EXPENSES
|--- | -----------------------------------

| |                                |   | 2003      |  |   | 2002    | 
| | ------------------------------ | - | --------- |  | - | ------- | 
| |                                |   |           |  |   |         | 
| | Legal and accounting           | $ | 192,357   |  | $ | 284,620 | 
| | Rent                           |   | 252,091   |  |   | 95,439  | 
| | Bad debts                      |   | 73,250    |  |   | 75,387  | 
| | Amortization                   |   | 209,820   |  |   | 196,894 | 
| | Salaries and benefits          |   | 150,677   |  |   | 274,897 | 
| | Office and sundry              |   | 128,714   |  |   | 54,245  | 
| | Investor relations             |   | 108,121   |  |   | -       | 
| | Stock based compensation       |   | 553,341   |  |   | -       | 
| | Realized foreign exchange loss |   | 65,792    |  |   | -       | 
| |                                |   |           |  |   |         | 
| |                                | $ | 1,734,163 |  | $ | 981,482 | 

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|13. | SALES AND MARKETING EXPENSES
|--- | ----------------------------

|                          | 2003 |         | 2002 |  
|------------------------- | ---- | ------- | ---- | -
|                          |      |         |      |  
|Advertising and promotion | $    | 26,708  |      | $
|Consulting fees           |      | 84,608  |      |  
|Salaries and benefits     |      | 134,214 |      |  
|Travel                    |      | 27,465  |      |  
|                          |      |         |      |  
|                          | $    | 272,995 |      | $

|14. | RESEARCH AND NETWORK DEVELOPMENT EXPENSES
|--- | -----------------------------------------

|                      | 2003 |         | 2002 |  
|--------------------- | ---- | ------- | ---- | -
|                      |      |         |      |  
|Line lease            | $    | 224,740 |      | $
|Network development   |      | 177,849 |      |  
|Salaries and benefits |      | 180,539 |      |  
|                      |      |         |      |  
|                      | $    | 583,128 |      | $

|15. | COMMITMENTS AND CONTINGENCIES
|--- | -----------------------------
|    | i)                           

| | 2004       | $ | 171,924 |  | 
| | ---------- | - | ------- |  | 
| | 2005       |   | 170,171 |  | 
| | 2006       |   | 137,662 |  | 
| | 2007       |   | 65,720  |  | 
| | Thereafter |   | 361,672 |  | 
| |            |   |         |  | 
| |            | $ | 907,149 |  | 

| | ii)  | The Company is party to a number of claims totaling
        approximately $6,800 with respect to unsolicited faxes. The Company disputes
        the claims and has not accrued for the amounts claimed.                                                                                        
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | iii) | The Company is the defendant in an action for damages
        in Ontario, Canada for an amount of $1,240,385 in respect of breaches
        of agreements. Subsequent to June 30, 2003, the claim was settled for
        $14,400. This amount is included in accounts payable at June 30, 2003.

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|15. | COMMITMENTS AND CONTINGENCIES(Continued)                                                                                                                                                                                                              
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | iv)                                                                                                                                                                                                                                                   
|16. | INCOME TAXES
        The reported income tax recovery differs from the amount computed by
          applying the Canadian basic statutory rates to the net loss. The reasons
          for this difference and the related tax effects are as follows:

|                                              | 2003 |          | 2002 |  
|--------------------------------------------- | ---- | -------- | ---- | -
|                                              |      |          |      |  
|Canadian basic statutory tax rate             |      | 38%      |      |  
|                                              |      |          |      |  
|Expected income tax recovery                  | $    | (700,937 | )    | $
|Other                                         |      | 79,732   |      |  
|Non-deductible items                          |      | 146,684  |      |  
|Foreign losses subject to different tax rates |      | 76,036   |      |  
|Effect on change in tax rate                  |      | (431,283 | )    |  
|Unrecognized benefits of non-capital losses   |      | 829,768  |      |  
|                                              |      |          |      |  
|                                              | $    | -        |      | $

Deferred income taxes result principally from temporary differences in the
  recognition of certain revenue and expense items for financial and income tax
  reporting purposes. Significant components of the Companys deferred tax
  assets and liabilities are as follows:

|                         | 2003 |            | 2002 |  
|------------------------ | ---- | ---------- | ---- | -
|                         |      |            |      |  
|Future income tax assets |      |            |      |  
|Tax loss carryforwards   | $    | 1,236,924  |      | $
|Capital assets           |      | 43,248     |      |  
|Valuation allowance      |      | (1,280,172 | )    |  
|                         |      |            |      |  
|Future income tax assets | $    | -          |      | $

Realization of deferred tax assets is dependent on future earnings, if any,
  the timing and amount of which are uncertain. Accordingly, the net deferred
  tax assets have been fully offset by a valuation allowance.

---

ZOOLINK CORPORATION(Formerly NetJ.Com, Corp.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2003(Stated in Canadian Dollars)

|16. | INCOME TAXES(Continued)
      The Company has non-capital losses for income tax purposes of $3,255,063
        which may be available to reduce taxable income in future years. These
        losses expire as follows:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2006 | $ | 44,904    |  | 
| | ---- | - | --------- |  | 
| | 2008 |   | 763,600   |  | 
| | 2009 |   | 1,347,913 |  | 
| | 2010 |   | 1,098,646 |  | 
| |      |   |           |  | 
| |      | $ | 3,255,063 |  | 
| |      |   |           |  | 

|17. | FINANCIAL INSTRUMENTS                                                                                                                                                         
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | a)                                                                                                                                                                            
|    | b)                                                                                                                                                                            
|    | c)                                                                                                                                                                            
|18. | SUBSEQUENT EVENT
      In July 2003, an additional 108,750 stock options were
        exercised for common shares of the Company for a total consideration of
        $15,019.

---