--------------------------------------------------------------------------------
                                   Wendy Paige
                                    PRESIDENT
                                 NetJ.com, Corp
                           24843 Del Prado, Suite 318
                              Dana Point, CA 92629
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                             KARL E. RODRIGUEZ, ESQ
                     34700 Pacific Coast Highway, Suite 303
                           Capistrano Beach, CA 92624
                                 (949) 248-9561
                               fax (949) 248-1688
--------------------------------------------------------------------------------

                                   FORM 10-KSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                    [X]  ANNUAL REPORT PURSUANT TO SECTION 13
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                         Commission File Number: 0-27361

                      for the year ended December 31, 2000


                                  NETJ.COM CORP

                           (formerly NETBANX.COM CORP)
                 (formerly PROFESSIONAL RECOVERY SYSTEMS, LTD.)

  Nevada                                                              91-1007473
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)


24843  Del  Prado,  Suite  318,  Dana  Point,  CA                          92629
(Address  of  principal  executive  offices)                         (Zip  Code)

Registrant's  telephone  number,  including  area  code:         (949)  248-8933

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


Yes[x]   No[]  (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.)

[]  (Indicate  by  check  mark  whether  if  disclosure  of  delinquent filers (
229.405)  is not and will not to the best of Registrant's knowledge be contained
herein,  in  definitive  proxy  or information statements incorporated herein by
reference  or  any  amendment  hereto.)

As  of  12/31/00

     the  aggregate  market  value  of  shares  held  by  non-affiliates  was
approximately  $1,431,640  based  upon  the  closing price of $0.28 per share at
December  29,  2000.

     the  number  of  shares  outstanding  of  the Registrant's Common Stock was
12,008,000.

                        Exhibit Index is found on page 18

                                        1


PART  I                                                                        3

Item  1.  Description  of  Business                                            3
      (a)  Historical  Information                                             3
      (b)  Business  of  the  Registrant                                       4
      (c)  Search  Resumed                                                     5

Item  2.  Description  of  Property                                            6

Item  3.  Legal  Proceedings                                                   7

Item  4.  Submission  of  Matters  to  a  Vote  of  Security  Holders          7

PART  II                                                                       8

Item  5.  Market  for  Common  Equity  and  Stockholder  Matters               8
      (a)  Market  Information                                                 8
      (b)  Holders                                                             8
      (c)  Dividends                                                           8
      (d)  Sales  of  Unregistered  Common  Stock  1999-2000                   8
      (e)  Description  of  Securities                                         8

Item  6.  Management's  Discussion  and  Analysis  or Plan of Operation       10
      (a)  Plan  of  Operation  for  the  Next  Twelve  Months                10
      (b)  Cash  Requirements                                                 10
      (c)  Financial  Condition  and  Results  of  Operations                 11

Item  7.  Financial  Statements                                               14

Item  8.  Changes  In  and  Disagreements  With  Accountants
     on  Accounting  and  Financial  Disclosure                               14

PART  III                                                                     15

Item  9.  Directors  and  Executive  Officers,  Promoters  and  Control Persons;
     Compliance  with  Section  16(a)  of  the  Exchange  Act                 15

Item  10.  Executive  Compensation                                            16

Item  11.  Security  Ownership of Certain Beneficial Owners and Management    16
      (a)  Security  Ownership  of  Certain  Beneficial  Owners               16
      (b)  Security  Ownership  of  Management                                16
      (c)  Changes  in  Control                                               17

Item  12.  Certain  Relationships  and  Related  Transactions                 17

Item  13.  Exhibits,  Financial Statement Schedules, and Reports on Form 8-K  17
      (a)  Financial  Statements                                              17
      (b)  Form  8-K  Reports                                                 17
      (c)  Exhibits                                                           17

                                        2


                                     PART I

                                  INTRODUCTION

     Our  1934  Act  Registration  of  our  Common  Stock  was voluntarily filed
pursuant  to  Section  12(g) of the Securities Exchange Act of 1934, in order to
comply  with  the requirements of National Association of Securities Dealers for
submission for continuation of quotation on the Over the Counter Bulletin Board,
often  called  "OTCBB".  The  requirements  of  the OTCBB are that the financial
statements  and  information  about  the  Issuer be reported periodically to the
Commission and be and become information that the public can access easily. This
corporation  wishes  to  report  and  provide  disclosure  voluntarily, and will
continue to file periodic reports even if its obligation to file such reports is
excused  or  suspended  under  the  Exchange  Act.

     This  corporation  may be the subject of a "Reverse Acquisition". A reverse
acquisition  is  the  acquisition  of  a  private ("Target") company by a public
company,  by  which  the  private  company's shareholders acquire control of the
public  company.  The extent to which negotiations are in progress, or potential
targets have been identified, will be discussed in the body of this Registration
Statement.  At  present,  the business plan of this Registrant is to find such a
target  or  targets, and attempt to acquire them for stock. It would be expected
that  a  reverse acquisition of a target company or business would be associated
with  some  private  placements and/or limited offerings of common stock of this
Registrant  for  cash.  Such  placements,  or  offerings,  if  and  when made or
extended,  would  be  made  with  disclosure  and reliance on the businesses and
assets  to  be  acquired, and not upon the present condition of this Registrant.


                        ITEM 1.  DESCRIPTION OF BUSINESS.


 (A)  HISTORICAL  INFORMATION. This Corporation NetJ.com (more commonly referred
to  as "we", "us" or "our") was incorporated in the State of Texas on August 24,
1995,  and  was  reincorporated  in  the State of Nevada on January 23, 1998, as
Professional Recovery Systems, Ltd., with the intent of initiating an agency for
the  collection  of  past  due accounts, in the medical profession particularly.
Shortly following our incorporation, we issued 1,200,000 founders shares, at par
value,  for  organizational  costs, to a single Founder, J. Dan Sifford Jr. From
July  of 1997 through March of 1999, we made four successive private placements,
pursuant  to  Regulation  D,  Rule  504,  as then in force: 1,016,000 shares, at
$0.125,  to  11  sophisticated  investors on about July 7, 1997; 6,600 shares at
$0.10  to  a  single  sophisticated  investor  on  or about June 9, 1998; 90,000
shares,  for  services  valued  at $9,000.00 to a single financial and corporate
services  provider  on  or  about January 22, 1999; and 69,000 shares to another
financial  and  corporate  services  provider,  valued at $6,900.00, on or about
March  3,  1999.  On  or  about  August 1, 1999, we determined that our original
business  plan  was  not  viable  and  would  not  lead  to  profitability  for
shareholders.

     On  July 16, 1999, the Registrant changed its corporate name to NetBanx.com
Corp.,  and on November 2, 1999, we changed our corporate name again to NetJ.com
Corp.  No  change  of  control  or  management,  acquisition,  or  agreement for
acquisition,  merger  or combination accompanied either of these corporate situs
or  name  changes.  The  second name change was occasioned by the discovery of a
conflict  with  the name of another unrelated company. The transition from Texas
to  Nevada  was  occasioned  by  management's determination that Nevada does not
impose  a  corporate  income  tax,  but  only  an  annual  fixed  franchise fee.

     On  or about July 14, 1999, we directed a five for one forward split of our
shares  of common stock, issued and outstanding, resulting in a post-split total
of 11,908,00 shares issued and outstanding. These Issuances and all issuances to
date,  with  the  relevant  exemption  from Registration, under section 5 of the
Securities  Act  of  1933, are displayed in the following table. Please See Part
II,  Item  4,  for  additional  information.

                                        3


     On or about April 25, 2000, the Registrant sold 100,000 shares, pursuant to
Section  4(2)/Rule  506,  to  a  single  accredited  investor.  The  investor's
accreditation  was  determined  by  virtue  of  income,  net  worth and previous
investing  experience.


Issuances/Exemptions . . . . . . . . . . . . .  post        pre-
                                                FORWARD     FORWARD
                                                SPLIT       SPLIT
---------------------------------------------------------------------
Founders shares, at par value, for . . . . . .   6,000,000  1,200,000
organizational costs, to a single Founder, J.
Dan Sifford Jr
[Section 4(2) of the 1933 Securities Act]
---------------------------------------------------------------------
11 sophisticated investors at $0.125 . . . . .   5,080,000  1,016,000
(Rule 504) 7/7/97
---------------------------------------------------------------------
1 sophisticated investor at $0.10. . . . . . .      33,000      6,600
(Rule 504) 6/9/98
---------------------------------------------------------------------
For services valued at $9,000.00 (Rule 504). .     450,000     90,000
1/22/99
---------------------------------------------------------------------
For services valued at $6,900.00 (Rule 504). .     345,000     69,000
3/3/99
---------------------------------------------------------------------
Total Common Stock Issued and Outstanding. . .  11,908,000  2,381,600
---------------------------------------------------------------------
(Before the forward Split of July 14, 1999)
For cash Section 4(2)/Rule 506 (4/25/00) . . .     100,000
---------------------------------------------------------------------
Subtotal Post Reverse: . . . . . . . . . . . .     100,000
---------------------------------------------------------------------
Total Issued and Outstanding December 31,. . .  12,008,000
2000
---------------------------------------------------------------------



     There  are  no  lock-up  or shareholder pooling agreements between or among
shareholders  of  this  Registrant.  All  shares  are  owned  and  controlled
independently  by  the  persons  to  whom  they  are issued. We have no Internet
address.

     2000  STOCK  PLAN.  On September 14, 2000, we established an Employee Stock
Option Plan. The Plan covers both current and prospective employees, consultants
and  directors.  The  maximum  number of shares available for issuance under the
Plan  is  9,500,000.  As of December 31, 2000, there are 2,250,000 granted at an
exercise  price  of $1.15 per share. The plan expires on September 13, 2005. The
shares  underlying  the  options  granted  in  the  2000  Stock  Plan  have been
registered  pursuant  to  the  filing  of  a Registration Statement on Form S-8.
Pursuant  to  the  2000  Stock  Plan,  options  were granted to Directors of the
Company,  Wendy  Paige,  Simon  Blackman, and James Melillo. More information is
provided  in  Item  6  (Management's  Discussion)  and  Item  10  (Executive
Compensation).


 (B)  BUSINESS  OF  THE REGISTRANT. This Company has had no current business for
some  time.  Our  business plan has been to seek one or more profitable business
combinations  or  acquisitions  to secure profitability for shareholders. It has
had  no day to day operations up to the present time. Its officers and directors
have  devoted  only  insubstantial  time  and  attention to our affairs, for the
reason  that  only  such attention has been required. We had identified previous
possible  acquisition  targets  in  news  releases during year 2000. None of our
possible  acquisitions  materialized  and  none  are  currently  pending.

      (1)  PREVIOUS  ANNOUNCEMENTS.  On  September  3,  1999,  we announced that
Netbanx.com  (our  former name) had entered into an agreement to acquire Western
Connections  Ltd.  We also announced a "co-terminus deal" to license (Western's)
X-Pay billing system.  That acquisition and the "co-terminus deal" did not ripen
into  actual  transactions,  and  negotiations  were  discontinued.

                                        4


     On  February 17, 2000, we announced (1), that our search for an acquisition
continued,  and  that  unspecified  negotiations  were  proceeding,  and that no
current negotiations indicated a probable target; and (2), we announced a change
in  management.  This  change  of  management  was not connected with the failed
agreement  to  acquire  Western  Connections  Ltd.,  but  was  the result of the
decision  by  former  interim  management to retire in favor of the persons more
actively engaged in the search for profitable business opportunities for us. The
transition  was  occasioned  by a brief interim, in which our Special Securities
Counsel  was appointed Custodian to receive the resignation of former management
and  appoint  its  current  Board  of  Directors. No dispute or disagreement, no
hostility  or  misconduct  was  associated  with  these  changes.  These changes
involved  no  financial  issues  or  changes  and had no impact on our financial
statements or condition. The purpose of the change of officers was to appoint as
Management,  the persons actually conducting our search for opportunities in the
United  Kingdom,  and  the  persons  negotiating for our possible acquisition of
Global  Tote.  This  change  was  not  opposed  by  previous  management.

     On  March 9, 2000, we announced an agreement to acquire 100% of Global Tote
Limited  ("Global  Tote"). We disclosed in the form 10-QSB filed for the quarter
ending March 31, 2000, that the completion of the acquisition of Global Tote was
doubtful.  This  attempted  acquisition  has  failed to materialize and has been
abandoned.  The  decision  not to proceed to completion was made when management
received  a  registered  letter from a creditor of Premier Telesports noticing a
claim  that  may  precipitate  the  bankruptcy  of  Premier  Telesports.  It  is
management's opinion that Premier Telesports represents a vital component of the
Global  Tote acquisition, without which, such an acquisition would not be in the
best  interest  of  the  Netj.com  shareholders.

 (C)  SEARCH  RESUMED.  We have resumed our search for a profitable acquisition.
Management  has  adopted  a  conservative  and  patient  policy  of  seeking
opportunities  of  exceptional quality, in management's view, and to accept that
it may have to wait longer, as a result, before consummating any transactions to
create profitability for its shareholders. Management recognizes that the higher
the  standards  it  imposes  upon  itself,  the  greater  may  be it competitive
disadvantages  with  other  more attractive acquiring interests or entities. One
would  expect  more  competition to acquire higher quality businesses and assets
that  less  desirable  opportunities.

     LIMITED  SCOPE  AND  NUMBER  OF  POSSIBLE ACQUISITIONS: We do not intend to
restrict  its  consideration to any particular business or industry segment, and
we  may  consider,  among others, finance, brokerage, insurance, transportation,
communications,  research  and  development,  service,  natural  resources,
manufacturing  or  high-technology. Of course, because of our limited resources,
the  scope  and number of suitable candidate business ventures available will be
limited  accordingly, and most likely we will not be able to participate in more
than  a single business venture. Accordingly, it is anticipated that we will not
be able to diversify, but may be limited to one merger or acquisition because of
limited  financing.  This  lack  of diversification will not permit us to offset
potential  losses from one business opportunity against profits from another. To
a large extent, a decision to participate in a specific business opportunity may
be made upon management's analysis of the quality of the other firm's management
and  personnel,  the  anticipated  acceptability  of  new  products or marketing
concepts,  the  merit  of technological changes and numerous other factors which
are  difficult,  if  not  impossible,  to analyze through the application of any
objective  criteria.  In  many  instances, it is anticipated that the historical
operations of a specific firm may not necessarily be indicative of the potential
for  the  future  because  of  the  necessity to substantially shift a marketing
approach,  expand  operations,  change product emphasis, change or substantially
augment  management,  or  make  other  changes.  We  will  be dependent upon the
management of a business opportunity to identify such problems and to implement,
or be primarily responsible for the implementation of, required changes. Because
the  Company  may  participate  in a business opportunity with a newly organized
firm  or  with  a  firm  which  is  entering a new phase of growth, it should be
emphasized  that  the  Company  may incur further risk due to the failure of the
target's  management  to  have  proven  its  abilities  or effectiveness, or the
failure  to  establish  a  market  for the target's products or services, or the
failure  to  prove  or  predict  profitability.

                                        5


     PROBABLE  INDUSTRY  SEGMENTS  FOR  ACQUISITION.  While the Company does not
intend  to  rule  out  its  consideration to any particular business or industry
segment, Management has determined to focus its principal interest in evaluating
development  stage  companies  in  the  electronic  commerce,  high-technology,
communication technologies, information services and internet industry segments.
It is nevertheless possible that an outstanding opportunity may develop in other
industry  segments,  such  as  finance,  brokerage,  insurance,  transportation,
communications,  research  and  development,  service,  natural  resources,
manufacturing  or  other  high-technology  areas.

     TRANSACTIONS  WITH  MANAGEMENT.  It  is  possible  our  new management will
acquire  a  target  business  or  company  in  which  our  present  management
shareholders,  or  affiliates,  have  an  ownership  interest.

     FINDERS  FEES  FOR  MANAGEMENT.  It  is possible that finder's fees will be
payable  to  Management  in  connection with any forseeable reverse acquisition.

(D)  FINANCING  PLANS.  For more information, please see Management's Discussion
and  Analysis,  Item  6,  of  Part  II.

(E)  GOVERNMENT  REGULATION. There are no issues of government regulation unique
to  this  Registrant  or  its  business.

(F)  COMPETITION.  Other  better capitalized firms are engaged in the search for
acquisitions  or business combinations which firms may be able to offer more and
may  be  more  attractive  to  acquisition candidates. Management, in evaluating
market  conditions  and  unsolicited proposals, has formed the estimate that the
selection  of  a business combination is probable within the next twelve months.
There  is  no  compelling  reason  why  this  we  should be preferred over other
reverse-acquisition  public  corporation candidates. We have no significant pool
of  cash  we can offer and  no capital formation incentive for our selection. We
have  limited shareholder base insufficient for an acquisition target wishing to
proceed  for  application  to  NASDAQ.  In  comparison  to  other  "public shell
companies"  we  are  unimpressive,  in  the judgement of management, and totally
lacking  in  unique  features which would make it more attractive or competitive
that  other  "public  shell  companies".  While  management  believes  that  the
competition  of other "public shell companies" is intense and growing, we has no
basis  on  which  to quantify its impression. Our management is not impatient or
overly  eager  to find a business partner and has resolved to allow such time as
may  be  required  to  find  an  opportunity  of  superior  value and potential.
Notwithstanding  the  confidence of management in its knowledge and skill, there
can  be no assurance that this issuer will prove competitively attractive to the
kinds  of  transactions  it  seeks.

(G)  EMPLOYEES.  We  have  no  employees, other than our Officers and Directors.


                        ITEM 2.  DESCRIPTION OF PROPERTY.

     We  have  no  property  and  enjoy  the  non-exclusive  use  of offices and
telephones  of  our  officers,  consultants  and  attorneys.  We have no assets,
property  or  business.  Because the Company has no current business operations,
its activities have been limited to keeping itself in good standing in the State
of  Nevada,  and with preparing this Registration Statement and the accompanying
financial  statements,  and reviewing possible acquisitions. These uses have had
the  positive  impact  of  relieving  us  from  the  burden  of  maintaining
non-productive  assets.  Please see Item 12 (Relationships and Transactions) for
more  information.

                                        6


                           ITEM 3.  LEGAL PROCEEDINGS.

     There  are  no  legal  proceedings  pending  against the Company, as of the
preparation  of  this  Report.


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

     None.


             The Remainder of this Page is Intentionally left Blank

                                        7


                                     PART II


           ITEM 5.  MARKET FOR COMMON EQUITY AND STOCKHOLDER MATTERS.


 (A)  MARKET INFORMATION. The Common Stock of this Registrant is quoted Over the
Counter  on  the  Bulletin  Board  ("OTCBB").  There  was  no substantial market
activity  before  December  1998.  Based  upon  standard  reporting sources, the
following  information  is  provided:

period .        high bid     low bid      period    high bid  low bid
-----------------------------------------------------------------------
3rd 1998  N/A       N/A      2nd 1999     5.375      2.00
4th 1998           3.25      3.00        3rd 1999   3.88     0.84
-----------------------------------------------------------------------
1st 1999           4.25      2.00        4th 1999   8.00     3.60
-----------------------------------------------------------------------
period .        high bid    low bid       period    high bid  low bid
-----------------------------------------------------------------------
1st 2000           8.90      1.20        3rd 2000   3.00     0.90
-----------------------------------------------------------------------
2nd 2000           5.70      1.50        4th 2000  1.375     0.25
-----------------------------------------------------------------------



     The  foregoing  price information is based upon inter-dealer prices without
retail  mark-up,  mark-down  or  commissions  and  may  not  reflect  actual
transactions.  The  source  of this information is commercial internet reporting
services:  BigCharts.com.
           -------------

 (B)  HOLDERS.  There  are  about  47  holders  of  the  common  stock  of  this
Registrant.

 (C)  DIVIDENDS.  No  cash  dividends  have  been  paid by the Registrant on its
common  stock  or  other  Stock  and  no  such  payment  is  anticipated  in the
foreseeable  future.

 (D)  SALES OF UNREGISTERED COMMON STOCK 1999-2000.  On March 3, 1999, we issued
69,000  pre-split  (345,000 post-split) shares, pursuant to Rule 504, for Legal,
Accounting  and  Professional  services  and  advances to or for the Registrant,
provided by a single financial and corporate service provider. This provider was
Intrepid  International S.A./ Intrepid International Ltd. The shares were valued
at  $0.10  per  share.  On  or about April 25, 2000, the Registrant sold 100,000
(post-split)  shares,  pursuant to Section 4(2)/Rule 506, to a single accredited
investor.  The  investor's accreditation was determined by virtue of income, net
worth  and  previous  investing  experience.

 (E)  DESCRIPTION  OF  SECURITIES.

CAPITAL  AUTHORIZED AND ISSUED. We are authorized to issue 100,000,000 shares of
a  single class of Common Voting Stock, of par value $0.001, of which 12,008,000
are  issued  and  outstanding.

COMMON  STOCK.  All  shares  of Common Stock when issued were fully paid for and
nonassessable.  Each holder of Common Stock is entitled to one vote per share on
all matters submitted for action by the stockholders. All shares of Common Stock
are equal to each other with respect to the election of directors and cumulative
voting  is  not  permitted;  therefore,  the  holders  of  more  than 50% of the
outstanding  Common  Stock  can,  if  they  choose  to  do  so, elect all of the
directors.  The  terms of the directors are not staggered. Directors are elected
annually  to serve until the next annual meeting of shareholders and until their
successor  is  elected and qualified. There are no preemptive rights to purchase
any additional Common Stock or other securities. The owners of a majority of the
common  stock  may  also take any action without prior notice or meeting which a
majority  of  shareholders  could  have taken at a regularly called shareholders
meeting,  giving  notice  to all shareholders thereafter of the action taken. In

                                        8


the event of liquidation or dissolution, holders of Common Stock are entitled to
receive,  pro  rata,  the  assets remaining, after creditors, and holders of any
class  of  stock having liquidation rights senior to holders of shares of Common
Stock,  have  been paid in full. All shares of Common Stock enjoy equal dividend
rights.  There  are  no  provisions  in the Articles of Incorporation or By-Laws
which  would  delay,  defer  or  prevent  a  change  of  control.

SECONDARY  TRADING  refers  to  the  marketability  to  resell the securities in
brokerage  transactions,  and  that  marketability is generally governed by Rule
144, promulgated by the Securities and Exchange Commission pursuant to section 3
of  the  Securities  Act  of  1933.  Securities  which  have not been registered
pursuant  to  the Securities Act of 1933, but were exempt from such registration
when  issued,  are  generally "Restricted Securities" as defined by Rule 144(a).
The  impact  of  the  restrictions  of Rule 144 are (a) a basic one year holding
period  from  purchase;  and  (b) a limitation of the amount any shareholder may
sell  during  the second year, as to non-affiliates; however, as to shares owned
by  affiliates,  the  second-year  limitation  of amounts attaches and continues
indefinitely,  at  least  until such person has ceased to be an affiliate for 90
days  or more. The limitation of amounts is generally 1% of the total issued and
outstanding  in  any  90  day  period.


UNRESTRICTED  SHARES  OF  COMMON  STOCK.  12,008,000  shares  are  issued  and
outstanding. 7,035,000 shares are held by affiliates, and these affiliate shares
remain  restricted  from  resale  in brokerage transaction. 4,973,000 shares are
owned  by  non-affiliates.  Of  these  4,973,000, 100,000 shares were sold about
April  24,  2000  and  are  restricted  securities.  The remaining 4,873,000 are
believed  to be held continuously by non-affiliates for more than two years, and
are  believed  to  be  unrestricted  securities which could be sold in brokerage
transaction  in  compliance  with  Rule  144.

OPTIONS  AND  DERIVATIVE  SECURITIES.  We have outstanding options or derivative
securities.  We  have  shares issued or reserved which are subject to options or
warrants  to  purchase,  or  securities  convertible
into  common  stock,  as  disclosed  herein.

RISKS  OF  "PENNY  STOCK." The Company's common stock may be deemed to be "penny
stock"  as  that term is defined in Reg.Section 240.3a51-1 of the Securities and
Exchange  Commission. Penny stocks are stocks (i) with a price of less than five
dollars per share; (ii) that are not traded on a "recognized" national exchange;
(iii)  whose  prices  are  not  quoted  on the NASDAQ automated quotation system
(NASDAQ)  listed  stocks  must  still  meet  requirement  (i) above); or (iv) in
issuers with net tangible assets less than $2,000,000 (if the issuer has been in
continuous  operation  for at least three years) or $5,000,000 (if in continuous
operation  for  less  than  three  years), or with average revenues of less than
$6,000,000  for  the  last  three  years.

     Section  15(g) of the Securities Exchange Act of 1934, as amended, and Reg.
Section  240.15g-2  of  the  Securities  and  Exchange Commission require broker
dealers  dealing  in penny stocks to provide potential investors with a document
disclosing  the  risks of penny stocks and to obtain a manually signed and dated
written  receipt  of  the  document  before effecting any transaction in a penny
stock  for  the  investor's account. Potential investors in the Company's common
stock  are  urged to obtain and read such disclosure carefully before purchasing
any  shares  that  are  deemed  to  be  "penny  stock."

     Moreover,  Reg. Section 240.15g-9 of the Securities and Exchange Commission
requires  broker  dealers in penny stocks to approve the account of any investor
for transactions in such stocks before selling any penny stock to that investor.
This  procedure  requires  the  broker  dealer  to  (i) obtain from the investor
information concerning his or her financial situation, investment experience and
investment  objectives;  (ii)  reasonably  determine, based on that information,
that  transactions  in  penny  stocks are suitable for the investor and that the
investor  has sufficient knowledge and experience as to be reasonably capable of

                                        9


evaluating  the  risks  of  penny stock transactions; (iii) provide the investor
with  a  written  statement  setting forth the basis on which the broker -dealer
made  the  determination in (ii) above; and (iv) receive a signed and dated copy
of  such statement from the investor, confirming that it accurately reflects the
investor's financial situation, investment experience and investment objectives.
Compliance  with  these requirements may make it more difficult for investors in
the  Company's  common  stock  to  resell  their  shares  to third parties or to
otherwise  dispose  of  them.

     RISKS  OF STATE BLUE SKY LAWS. In addition to other risks, restrictions and
limitations  which  may  affect  the resale of the existing shares of our common
stock,  consideration  must  be  given to the  Blue Sky  laws and regulations of
each State or jurisdiction in which a shareholder wishing to re-sell may reside.
Some  States  may  distinguish  between  companies  with  active  businesses and
companies  whose  only business is to seek to secure business opportunities, and
may  restrict  or  limit  resales  of  otherwise  free-trading  and unrestricted
securities.  We have taken no action to register or qualify its common stock for
resale  pursuant  to  the  Blue  Sky  laws  or  regulations  of  any  State  or
jurisdiction.  Accordingly  offers to buy or sell our existing securities may be
unlawful  in  certain  States


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


 (A)  PLAN OF OPERATION FOR THE NEXT TWELVE MONTHS. We had identified a probable
acquisition  target,  but that acquisition did not materialize. Our plan for the
next  twelve months will be to resume and continue our search for an acquisition
target, to continue to seek the acquisition of assets, property or business that
may  benefit  the  Company  and  its  stockholders. Because we have virtually no
resources,  management  anticipates  that  to  achieve any such acquisition, the
Company  would  be  required  to  issue  shares  of its common stock as the sole
consideration  for  any  such  venture.

 (B)  CASH  REQUIREMENTS.  During  the next 12 months, our only foreseeable cash
requirements  will  relate  to  three  areas:  maintaining  the  Company in good
standing  with a valid corporate franchise in the State of Nevada, such expenses
as  may arise from the effectiveness of this 1934 Act Registration of its common
stock,  and  such  expenses  as  may  arise  in  connection  with  review  and
consideration  of  potential  acquisition target. Such expenses would consist of
legal  and  professional  fees for preparation and filing reports required under
the  Securities Exchange Act of 1934, including, at a minimum an annual audit of
the  financial  statements  of  this Registrant and legal and financial reviews.
These  expenses  may  be  advanced by management or shareholders as loans to the
Company,  and  may  or  may  not  be  settled,  reimbursed or compensated by the
issuance  of  common  stock.  Because  the  Company  has not identified any such
venture  as  of  the  date  of  this Registration Statement, it is impossible to
predict  the  amount  of  any such loans, if any, or the amounts of common stock
which  may  be  issued,  for  such  services  or advances. However, there are no
preliminary  agreements  or  understandings  with  respect to loan agreements or
issuances by officers, directors, shareholders or affiliates of the Company, and
any  such  loan  or settlement will be on terms no less favorable to the Company
than would be available from a commercial lender in an arm's length transaction.
If  such  continued support is not obtained, we would not be able to continue to
meet  our  auditing  and  reporting  requirements  and may be forced to withdraw
ourselves  as  a  Reporting  Company,  and  would  not  be entitled to continued
quotability  on  the OTCBB, and we may be unable to continue as a going concern.
Our Independent Auditors Report, for the Company's most recent audited financial
statements,  mentions: "The accompanying financial statements have been prepared
assuming  that  the  Company  will  continue  as a going concern. The Company is
dependent  upon  raising capital to continue operations. It is management's plan
to raise additional funds to begin its intended operations, or find an operating
company  to  merge with." We cannot engage in fund-raising activity as a company
with  no  business or substantial assets. Our business plan is indeed to find an
acquisition  target.


             The Remainder of this Page is Intentionally left Blank

                                       10


 (C)  FINANCIAL  CONDITION  AND  RESULTS  OF OPERATIONS. We have had no material
operations  since  inception,  and  losses  for  the  fiscal  years  ended 2000,
1999,1998,  1997,  1996  and  our  partial  year  of 1995. We have accumulated a
deficit  of  $1,160,922 as of the date of this annual report, December 31, 2000.

Year      Loss
----------------
1995         $80
1996        $240
1997     $92,374
1998     $29,777
1999     $80,713
2000     957,738
----------------
       1,160,922
================


      (1)  FINANCIAL  CONDITION:  BALANCE  SHEET.

Balance Sheet  December 31 . . .        2000       1999       1998
--------------------------------  -----------  ---------  ---------
Cash . . . . . . . . . . . . . .       2,789        329      5,329
Organization costs (net) . . . .           0          0        400
   Total Current Assets. . . . .       2,789        329      5,729
                                  -----------  ---------  ---------
   Total Assets. . . . . . . . .       2,789        329      5,729
                                  -----------  ---------  ---------
Accounts Payable (Related Party)     697,871     29,317          0
                                  ===========  =========  =========
Accounts Payable . . . . . . . .     121,504     30,096          0
   Total Liabilities . . . . . .     819,375     59,413          0
                                  -----------  ---------  ---------
Common Stock . . . . . . . . . .      12,008     11,908     11,080
                                  -----------  ---------  ---------
Paid-in Capital. . . . . . . . .     332,988    132,852    117,120
Less: Subscription Receivable. .        (660)      (660)         0
Deficit Accumulated. . . . . . .  (1,160,922)  (203,184)  (122,471)
   Total Equity. . . . . . . . .    (816,586)   (59,084)     5,729
                                  -----------  ---------  ---------
   Total Liabilities & Equity. .       2,789        329      5,729
                                  -----------  ---------  ---------





      (2)  LIQUIDITY. We had limited and diminishing liquidity during the fiscal
years  ended  1999,  1998,  1997 and 1996, (virtually no liquidity following the
end  of  1999)  with  some modest improvement in 2000, resulting from our single
private  placement.  Except  as  stated  under  the heading "Plan of Operation,"
above,  the  Company  does  not contemplate raising capital over the next twelve
months by issuance of debt or equity securities. We have no loan agreements with
any  officer  or  director. Foreseeably, in the absence of cash to maintain this

                                       11


company  current in required filings, legal, professional expenses, the practice
of  providing  compensation  by  issuing stock is probable, with the significant
exception  of  our  independent  auditor, who may not properly be compensated in
such a manner. Accordingly, in the absence of corporate liquidity, the principal
shareholders  are  expected  to advance those fees which are not appropriate for
settlement,  compensation  or reimbursement in stock. The principal shareholders
may  advance  amounts  to  defer  minimal expenses as indicated, but no decision
whether  or  not to settle such advances in stock will be made during the period
of  uncertainty  as  to  our  probable  business  plan.

     Our  independent  auditor has indicated the following material notes to our
financial  statements:

     (Note  1-Organization  costs)  In  1995,  Organization  costs  were paid be
shareholders  and exchanged for 6,000,000 shares of common stock at par value of
$1,200. These costs were amortized originally, but have been expensed completely
in  1999,  due  to  a  change  in  accounting  policy.

     (Note  2-Going  Concern)  The  accompanying  financial statements have been
prepared assuming that the Company will continue as a going concern. The Company
is  dependent  upon  raising  capital  to  continue  operations.  The  financial
statements  do not include any adjustments that might result from the outcome of
this  uncertainty.  It  is management's plan to raise capital in order to define
their  business  operations,  thus  creating  necessary  operating  revenues.

     (Note  3-Development  Stage  Company)  The  Company  is a development stage
company  as  defined  in Financial Accounting Standards Board Statement 7. It is
concentrating substantially all of its efforts in raising capital and developing
its  business  operations  in  order  to  generate  significant  revenues.

     (Note  4-Related  Party Transactions) During 1999, we issued 345,000 shares
of  common stock to Intrepid International Ltd. for legal services rendered, and
450,000  shares  to  HJS  Financial  Services, Inc. for accounting and financial
consulting  services  and  reimbursements.  Both consultants are related to each
other by a common director. During 2000 and 1999, we incurred consulting fees of
$177,023  and  $34,318, respectively, to Intrepid International. During 2000 and
1999,  $76,000 and $5,000, respectively, was paid in consulting fees to Intrepid
International. An officer of Intrepid International also serves as an officer of
our  corporation in 1999. During 2000, we incurred professional fees of $637,434
payable  to  Paige  &  Co.  During 2000, $100,000 was paid to Paige & Co. During
2000,  an  officer  of  Paige  and  Co. served as an officer of our corporation.

      (3)  RESULTS  OF  OPERATIONS.  We  have  had  no material operations since
inception, and losses for the fiscal years ended 2000, 1999,1998, 1997, 1996 and
from  inception.

<TABLE>
<CAPTION>
<S>                          <C>                 <C>           <C>           <C>
 Operations:  December 31 .                           One Year Audited            From
                                                                               Inception
                                                                              August 24,
                                                                                 1995
                                          2000          1999          1998    Cumulative
-----------------------------------------------------------------------------------------
Revenues. . . . . . . . . .                  0             0             0             0
 Total Revenues:. . . . . .  $               0   $         0   $         0   $      0.00
                             ------------------  ------------  ------------  ------------

General & Administrative. .           (957,738)      (80,713)      (29,777)   (1,160,922)
   Total Expenses . . . . .           (957,738)      (80,713)      (29,777)   (1,160,922)
                             ------------------  ------------  ------------  ------------
      Net Operating Loss. .           (957,738)      (80,713)      (29,777)   (1,160,922)
                             ------------------  ------------  ------------
Net Income (Loss) per share               (.08)         (.01)         (.00)         (.12)
                             ==================  ============  ============  ============
Weighted Average shares . .         11.966,333    11,701,000    11,080,000    10,143,438
</TABLE>

                                       12


     (Note 7-General and Administrative) These expenses are detailed as follows:


general and . . .              December 31
Administrative

                          2000    1999    1998
                   -----------  ------  ------
Amortization. . .            0     400     280
Professional Fees      957,738  80,313  28,395
Miscellaneous . .            0       0   1,102
   Total. . . . .      957,738  80,713  29,777
                   -----------  ------  ------


     Our  Professional  Fees for 2000 include substantial non-recurring matters,
including  the  clearance  of  our  1934  Act  Registration, and with respect to
investigation  and  document  preparation of possible acquisitions which did not
ripen  into  actual  transactions.

     (Note  8-Employee Stock Option Plan). On September 14, 2000, we established
an  Employee  Stock  Option  Plan.  The Plan covers both current and prospective
employees,  consultants  and directors. The exercise price for each option shall
be established by the Board of Directors. The maximum number of shares available
for  issuance  under  the  Plan is 9,500,000. As of December 31, 2000, there are
2,250,000 granted at an exercise price of $1.15 per share. The options expire on
September  13, 2005. Per FAST 123, we are not required to recognize compensation
upon vesting of options since the exercise price for all options granted were at
fair  market  value  on  the  date  of  the  grant.


                    Options Available  Options      Weighted Average
                    for Grant          Outstanding  Exercise Price
---------------------------------------------------------------------
Options. . . . . .          9,500,000    2,250,000  $            1.15
Exercised. . . . .                  0            0                  0
Canceled/Forfeited                  0            0                  0
---------------------------------------------------------------------
Balances 12/31/00.          9,500,000    2,250,000  $            1.15
                    -----------------  -----------  -----------------


Pro forma information regarding net income and earnings per share is required by
SAF  123.  This  information  is required to be determined as if the company had
accounted  for its employee stock options granted during the year under the fair
value  method  of  that statement. The fair value of the options granted in 2000
has  been  estimated  as of the date of the grant using the Black-Scholes option
pricing  model  with  the  following  weighted  average  assumptions:

Expected life (in years)      5

Risk-free interest rate     6.0%

Volatility                   50%

Dividend yield                0%

For purposes of pro forma disclosure, the estimated fair value of the options is
amortized  to expense over the option's vesting periods: for 2000, Pro Forma Net
Income ($957,738); Pro Forma basic earnings per share (0.08). Please see Item 10
(Executive  Compensation)  for  more  information.

                                       13


                         ITEM 7.  FINANCIAL STATEMENTS.

     Our  audited  financial  statements, in complete form, are found as Exhibit
FK-00, attached hereto, filed herewith and incorporated herein by this reference
as  though fully set forth herein. Our Balance Sheet and Statement of Operations
are  reproduced  substantially  in  the preceding Item 6, and discussed therein.


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

     None.


             The Remainder of this Page is Intentionally left Blank

                                       14


                                    PART III


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

     The  following  persons were appointed at the close of 1999, to take office
in year 2000, and to serve until their successors might be elected or appointed.
The  time of the next meeting of shareholders has not been determined and is not
likely to take place before a targeted acquisition or combination is identified.

     Wendy  Paige  (Director,  Acting President) is the principal of Paige & Co.
founded  by  her in 1997 to provide legal consulting services to Silicon Valley,
United Kingdom and European technology companies in the e-Commerce, Internet and
New  Media  markets.  From  1994-1997,  Ms.  Paige  was  of  Counsel with Masons
Solicitors,  a  London law firm where she advised technology clients and Silicon
Valley  law clients on commercial and technology issues in Europe and the Middle
East.  She  has  had in-house international legal and commercial experience with
leading  technology  companies,  including United Technologies Corporation, MIPS
Computer Systems (later Silicon Graphics, Inc) and VMX, Inc., having specialized
in  technology  licensing  and  strategic  relationships.

     Simon  Blackman  (Acting  Secretary and Treasurer), for the past two years,
has  been  involved  in  building  vertical  electronic  markets  for  the civil
aerospace and the defense industry sectors. Mr. Blackman also currently operates
an  independent  consultancy  advising  on  security  issues  relating  to
communications,  computer networks and e-commerce. Prior to being an independent
consultant,  Mr.  Blackman  was  a  Director  of  Grosvenor Security Consultants
Limited  (1993  1996)  with  responsibility  for  computer  and  communications
security.  Mr.  Blackman  is  also  a  Director  of Eurogard Security Group (UK)
Limited  (since  1997).

     James  J. Melillo, age 51, serves as a director. He has been the CEO of The
Executive  Conversation, Inc. ("TEC"), a high technology training and consulting
firm  since  1996. He is the author of The Executive Conversation, TEC2, and the
Channel  MBA.  He  consults and presents to major technology firms approximately
100  days a year before all size audiences. TEC's current clients include Intel,
Cisco,  Seibel,  Oracle,  Nortel, Hewlett Packard and Lucent Worldwide. Prior to
TEC, he was president of RCL Northwest a regional investment bank and registered
broker  dealer  specializing  in  mid  cap stocks and debt instruments. Projects
include  assisting  with  the  merger  of  a third market UK company with a NASD
listed firm, raising debt and equity for multiple firms on the West Coast of the
United  States  as well as multiple IPO's. As CFO and a Board Member of National
Pizza  Company  he  did one of the first "roll ups" taking this franchise public
while negotiating a Reverse Ruling with IRS and creating a tax-free dividend for
the  founders. He brought the company public and was instrumental in building it
into the largest Pizza Hut franchises in the world. He worked for Marion Merrell
Dow ($1+billion) as Director for Strategic Planning and Technology Acquisitions.
He  structured  and  or  negotiated licenses or joint ventures with Dow Meridian
Diagnostics  (Ohio);  Mitsubishi  Biologicals  (Japan)  and  Analytic  Systems
(California).  He also worked with the Kansas City Royals (Missouri) and managed
a $400,000,000 portfolio for the founder of Marion Laboratories and the owner of
the  Kansas  City  Royals  Baseball Team. Prior to that he worked for the Boston
Consulting  Group. His major clients included Smith Kline, OMC/Evinrude, Corning
Fiber  Optics  and  Alpha-Philco.  Mr. Melillo has a BA in Philosophy from Sarah
Lawrence,  an  MA-Economics  from  the University of Pittsburgh, and an MBA from
Columbia  University.  He  has  lectured  on  Strategy, Boston Consulting Group,
Finance  and  other  topics  at Columbia University, Kansas University School of
Business,  Avila  and  Rockhurst  College.

                                       15


                        ITEM 10.  EXECUTIVE COMPENSATION.

     Since  the  inception of this corporation, we have not paid our officers or
directors.  Officers  and directors may be reimbursed for out-of-pocket expenses
and  may  be  compensated  for  the  time  they devote to us at some time in the
future, pursuant to some arrangement to be determined on the basis of the nature
and  extent  of  the  services which may be required and will be, if adopted, no
less  favorable  to  us than the charges for similar services made or offered by
independent  third  parties  similarly  qualified.  No  officer  or  director is
required  to  make any specific amount or percentage of his or her business time
available to us. No options, plans or arrangements for deferred compensation, or
future  compensation  have  been adopted and none are contemplated at this time.

     2000  STOCK  PLAN.  On September 14, 2000, we established an Employee Stock
Option Plan. The Plan covers both current and prospective employees, consultants
and  directors.  The  maximum  number of shares available for issuance under the
Plan  is  9,500,000.  As of December 31, 2000, there are 2,250,000 granted at an
exercise price of $1.15 per share. The options expire on September 13, 2005. The
shares  underlying  the  options  granted  in  the  2000  Stock  Plan  have been
registered  pursuant  to  the  filing  of  a Registration Statement on Form S-8.
Pursuant  to  the  2000  Stock  Plan,  options  were granted to Directors of the
Company,  Wendy Paige (1,000,000), Simon Blackman (1,000,000), and James Melillo
(250,000)  shares.

SUMMARY  COMPENSATION  TABLE

<TABLE>
<CAPTION>

<S>               <C>                     <C>        <C>          <C>         <C>       <C>         <C>      <C>
                                                                                            Long Term Compensation
                        Annual Compensation                                              Awards               Payouts
------------------------------------------------------------------------------------------------------------------------------
a                                    b          c              d            e         f          g           h        i
                                                                                            Securities
Name                                                                             Restric-ted   Under-
and                                                                       Other     Stock      lying       LTIP     All  Other
Principal                                    Salary         Bonus        Annual     Awards     Options    Payouts Compen-sation
Position                          Year         ($)           ($)     Compen-sation   ($)       SARs  (#)   ($)         ($)
---------------------------------------------------------------------------------------------------------------------------
Wendy Paige. . .                    2000          0            0           0         0   1,000,000           0           0
CEO in 2000. . .                    1999          0            0           0         0           0           0           0
President/Direct                    1998          0            0           0         0           0           0           0
or in 1998-2000
----------------------------------------------------------------------------------------------------------------
Simon. . . . . .                    2000          0            0           0         0   1,000,000        0    0
Blackman
Secretary/
Director
----------------------------------------------------------------------------------------------------------------
James Melillo. .                    2000          0            0           0         0     250,000        0    0
Director
</TABLE>


     We  have  previously  stated  that our United Kingdom management is free to
negotiate  with any target acquisition for themselves, in their own interest, as
well  as  for us. While any transaction so negotiated would require the approval
of our shareholders, it is intended that our new management be free to negotiate
with  a  target  to  remain  on the Board of any reorganized company, or for any
compensation payable by the reorganized company that is fair and reasonable, and
which may be approved by shareholders, following submission to shareholders with
full  disclosure.

                                       16


    ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.


 (A)  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS.  To  the best of Our
knowledge  and  belief  the  following  disclosure  presents  the total security
ownership  of  all persons, entities and groups, known to or discoverable by us,
to  be  the  beneficial  owner or owners of more than five percent of any voting
class  of Our stock. More than one person, entity or group could be beneficially
interested  in  the  same  securities,  so that the total of all percentages may
accordingly  exceed  one hundred percent of some or any classes. Please refer to
explanatory  notes  if  any,  for  clarification  or  additional  information.

 (B)  SECURITY  OWNERSHIP OF MANAGEMENT. To the best of Our knowledge and belief
the following disclosure presents the total beneficial security ownership of all
Directors  and  Nominees,  naming  them,  and by all Officers and Directors as a
group,  without  naming  them,  known  to  or  discoverable by us. More than one
person, entity or group could be beneficially interested in the same securities,
so  that the total of all percentages may accordingly exceed one hundred percent
of  some  or  any  classes.  Please  refer  to  explanatory  notes  if  any, for
clarification  or  additional  information.

             The Remainder of this Page is Intentionally left Blank

                                       17


                                    TABLE A/B
                                  COMMON STOCK
                 OFFICERS AND DIRECTORS AND OWNERS OF 5% OR MORE


 Name and Address of Beneficial Owner . . . . . . .  Actual            %
                                                     Ownership
------------------------------------------------------------------------
Wendy Paige  Acting President/Director. . . . . . .         -0-     0.00
6358 Greengate Drive
Orlando FL 32822
------------------------------------------------------------------------
Simon Blackman  Acting Secretary/Treasurer/Director         -0-     0.00
37 Jermyn Street
London W1 England
------------------------------------------------------------------------
James J. Melillo. . . . . . . . . . . . . . . . . .         -0-      -0-
1421 34th ave
Madrona Plaza
Seattle WA 98122 Director
------------------------------------------------------------------------
All Officers and Directors as a Group . . . . . . .           0     0.00
------------------------------------------------------------------------
Total Shares Issued and Outstanding . . . . . . . .  12,008,000   100.00
------------------------------------------------------------------------



 (C)  CHANGES  IN  CONTROL.  We  have  previously disclosed the probability of a
change  of control in connection with our plan to find an acquisition. No target
is  presently  identified.


            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     We  have  executed  a financial services consulting agreement with Intrepid
International,  Ltd.,  a  Nevada  corporation, dated April 3, 2000, to provide a
wide  range  of  financial  consulting services including coordination of public
relations,  shareholder  relations, audit coordination, certificate and transfer
coordination,  coordination  of  relationships  with  market-makers  and
broker-dealers  and to provide the services of its counsel as Special Securities
Counsel  with  limited  authority. Intrepid is a shareholder of our corporation,
having  received  shares  for  services  (in  lieu  of  cash)  in  prior  years.

     We  have  executed  a legal services agreement with Paige & Co., a law firm
located  at  5  Eghams  Court,  Boston Drive, Borne End, Bucks SL8 5YS, England.
Wendy Paige of the firm is acting President and Director of our corporation. She
is  the founder and principal of Paige & Co., which firm was retained to provide
legal  services  in  connection with the day-to-day operation of NetJ, including
preparation  of  legal  documents  and  work  associated  with investigating and
performing  due  diligence of acquisition targets. Paige & Co. has not performed
any  legal  services  under  this  agreement  since  September  30,  2000.


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


 (A)  FINANCIAL  STATEMENTS.  FK-00  Audited  Financial Statements for the years
ended  December  31,  2000,  1999,  1998  and  from  inception.

 (B)  FORM  8-K  REPORTS.  None.

 (C)  EXHIBITS.  None  other.

                                       18


                                   SIGNATURES

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

                               Dated: May 1, 2001


                                  NETJ.COM CORP

                           (formerly NETBANX.COM CORP)
                 (formerly PROFESSIONAL RECOVERY SYSTEMS, LTD.)

                                       by


/S/Wendy  Paige              /s/Simon  Blackman          /s/James  Melillo
   Wendy  Paige                 Simon  Blackman             James  Melillo
acting  president/director  acting  secretary/Treasurer     Director
                            Director

                                       19


--------------------------------------------------------------------------------
                                  EXHIBIT FK-00

                          AUDITED FINANCIAL STATEMENTS
                               FOR THE YEARS ENDED

                        DECEMBER 31, 2000, 1999, AND 1998
                               AND FROM INCEPTION
--------------------------------------------------------------------------------

                                       20


                                  NETJ.COM CORP
                           (formerly NetBanx.com Corp)
                          (a Development Stage Company)
                              FINANCIAL STATEMENTS
                           December 31, 2000 and 1999

                                       21


                                 C O N T E N T S



Independent  Auditors'  Report                                   23

Balance  Sheets                                                  24

Statements  of  Operations                                       25

Statements  of  Stockholders'  Equity                            26

Statements  of  Cash  Flows                                      27

Notes  to  the  Financial  Statements                            28

                                       22


                          INDEPENDENT AUDITOR'S REPORT


To  the  Board  of  Directors  and  Stockholders  of
NetJ.Com  Corp

We  have  audited  the  accompanying  balance  sheets of NetJ.Com Corp (formerly
NetBanx.com  Corp)  (a  Development  Stage Company) as of  December 31, 2000 and
1999  and  the  related  statements of operations, stockholders' equity and cash
flows for the years ended December 31, 2000, 1999 and 1998 and from inception on
August  24,  1995 through December 31, 2000.  These financial statements are the
responsibility of the Company's management.  Our responsibility is to express an
opinion  on  these  financial  statements  based  on  our  audits.

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

In  our  opinion, the  financial statements referred to above present fairly, in
all  material  respects,  the  financial  position  of  NetJ.Com  Corp (formerly
NetBanx.com  Corp)  (a  Development  Stage Company) as of  December 31, 2000 and
1999  and  the  results  of  its  operations and cash flows for the years  ended
December  31,  2000, 1999 and 1998 and from inception on August 24, 1995 through
December  31,  2000 in conformity with generally accepted accounting principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 2 to the
financial  statements,  the  Company has minimal assets and no operations and is
dependent  upon  financing  to  continue  operations.  These  factors  raise
substantial  doubt  about  its  ability  to  continue  as  a  going  concern.
Management's  plans in regard to these matters are also described in the Note 2.
The  financial  statements do not include any adjustments that might result from
the  outcome  of  this  uncertainty.



/s/Chisholm  &  Associates
Chisholm  &  Associates
North  Salt  Lake,  Utah
April  4,  2001

                                       23


                                  NETJ.COM CORP
                          (a Development Stage Company)
                                  Balance Sheets

                                     ASSETS

                                                       December 31,
                                                 2000               1999
--------------------------------------------------------------------------------

Current  assets
   Cash                                        $     2,789          $     329
                                               -------------------------------
Total  Current  Assets                               2,789                329
                                               -------------------------------
      Total  Assets                            $     2,789          $     329
                                               -------------------------------
                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current  Liabilities
   Accounts Payable-Related Party              $   697,871         $   29,317
   Accounts  Payable                               121,504             30,096
                                               -------------------------------
Total  Current  Liabilities                        819,375             59,413
                                               -------------------------------
Stockholders'  Equity
   Common  Stock,  authorized  100,000,000
     shares  of  $.001  par  value,  issued  and
     outstanding  12,008,000  and  11,908,000
     shares  respectively                           12,008             11,908
   Additional  Paid  in  Capital                   332,988            132,852
   Less:  Subscriptions  receivable                   (660)              (660)
   Deficit  Accumulated  During  the
     Development  Stage                         (1,160,922)          (203,184)
                                               -------------------------------
Total  Stockholders'  Equity                      (816,586)           (59,084)
                                               -------------------------------
Total Liabilities and Stockholders' Equity     $     2,789          $     329
                                               ===============================

    The accompanying notes are an integral part of these financial statements

                                       24


                                  NETJ.COM CORP
                          (a Development Stage Company)
                            Statements of Operations

<TABLE>
<CAPTION>
<S>                       <C>                <C>             <C>            <C>
                                                                              August  24,
                                                                           1995  (inception
                                                                                of  the
                                                                              development
                                                                              stage)  to
                                  For the years ended December 31,           December 31,
                               2000              1999           1998             2000
-------------------------------------------------------------------------------------------

Revenues:                  $          0      $         0     $          0   $           0

Expenses:
General & Administrative       (957,738)         (80,713)         (29,777)     (1,160,922)
                           ---------------------------------------------------------------
   Total  Expenses             (957,738)         (80,713)         (29,777)     (1,160,922)
                           ---------------------------------------------------------------
Net  (Loss)               $    (957,738)     $   (80,713)    $    (29,777)  $  (1,160,922)
                           ===============================================================
Net  Loss Per Share       $       (0.08)     $     (0.01)    $      (0.00)  $       (0.12)
                           ===============================================================
Weighted average
shares outstanding           11,966,333       11,701,000       11,080,000      10,143,438
                           ===============================================================
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       25


                                  NETJ.COM CORP
                          (a Development Stage Company)
                        Statement of Stockholders' Equity

<TABLE>
<CAPTION>
<S>                                 <C>              <C>         <C>          <C>
                                                                 Additional         Deficit
                                                                   Paid-in       Accumulated
                                                                   Capital       During  the
                                          Common  Stock         (Discount on     Development
                                     Shares          Amount         Stock)         Stage
----------------------------------------------------------------------------------------------

Balance at beginning of development
 stage-August 24, 1995                    0     $          0     $         0    $          0

Shares issued for
organizational costs              6,000,000            6,000          (4,800)              0

Net  loss  December  31,  1995            0                0               0             (80)
                                -------------------------------------------------------------
Balance,  December  31,  1995     6,000,000            6,000          (4,800)            (80)

Net  loss December 31, 1996               0                0               0            (240)
                                -------------------------------------------------------------
Balance,  December  31,  1996     6,000,000            6,000          (4,800)           (320)

July  15, 1997-issued
at $.025 per share                5,080,000            5,080         121,920               0

Net  loss  December  31,  1997            0                0               0         (92,374)
                                -------------------------------------------------------------
Balance,  December  31,  1997    11,080,000           11,080         117,120         (92,694)

Net loss December 31, 1998                0                0               0         (29,777)
                                -------------------------------------------------------------
Balance, December 31, 1998       11,080,000           11,080         117,120        (122,471)

Shares issued for cash
at $.02 per share                    33,000               33             627               0

Shares issued for services
at $.02 per share                   795,000              795          15,105               0

Net loss December 31, 1999                0                0               0         (80,713)
                                -------------------------------------------------------------
Balance, December 31, 1999       11,908,000           11,908         132,852        (203,184)

Shares issued for cash
at $2.00 per share                  100,000              100         200,136               0

Net loss December 31, 2000                0                0               0        (957,738)
                                -------------------------------------------------------------
Balance, December 31, 2000       12,008,000     $     12,008   $     332,988   $  (1,160,922)
                                =============================================================
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       26


                                  NETJ.COM CORP
                          (a Development Stage Company)
                             Statement of Cash Flows

<TABLE>
<CAPTION>
<S>                              <C>               <C>             <C>          <C>
                                                                                 August  24,
                                                                              1995  (inception
                                                                                  of  the
                                                                                 development
                                                                                 stage)  to
                                        For the years ended December 31,        December 31,
                                      2000           1999            1998           2000
----------------------------------------------------------------------------------------------

Cash  Flows  form  Operating
 Activities

     Net  loss               $    (957,738)  $    (80,713)   $    (29,777)    $    (1,160,922)
Adjustments  to  reconcile
net  loss  to  net  cash
provided  by  operations
Shares  issued  for  services            0         15,900               0              15,900
     Amortization                        0            400             240               1,200
     Increase  in payables         759,962         59,413               0             819,375
                            ------------------------------------------------------------------
Net  Cash  Flows  used  in
 Operating Activities            (197,776)         (5,000)        (29,537)           (324,447)
                            ------------------------------------------------------------------
Cash  Flows  from  Investment
 Activities:                            0               0               0                   0

Cash  Flows  from  Financing
 Activities:
      Issuance  of  stock         200,236               0               0             327,236
                            ------------------------------------------------------------------
Net increase (decrease) in cash     2,460          (5,000)        (29,537)              2,789

Cash,  beginning  of  year            329           5,329          34,866                   0
                            ------------------------------------------------------------------
Cash,  end  of year          $      2,789     $       329     $     5,329     $         2,789
                            ==================================================================
Supplemental  Cash  Flow  Information
   Cash  Paid  for:
     Interest                $          0     $         0     $         0     $             0
     Taxes                   $          0     $         0     $         0     $             0

Non-Cash Financing Transaction:
Stock issued for services    $          0     $    15,900     $         0     $        15,900
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       27


                                  NETJ.COM CORP
                          (a Development Stage Company)
                       Notes to The  Financial Statements
                            December 31, 2000 and 1999

NOTE  1  -  Summary  of  Significant  Accounting  Policies

     a.  Organization

NetJ.Com  Corp  ("the  Company")(formerly  NetBanx.com  Corp),  was  originally
incorporated  in  Texas  on  August  24, 1995.  On January 23, 1998, the Company
reincorporated  in  the State of  Nevada.  On July 16, 1999, the Company changed
it's  name  to  NetBanx.com  Corp  and  on November 2, 1999 changed it's name to
NetJ.com  Corp.  The Company is currently inactive and is searching for a viable
business  combination  or  operations.

     b.  Accounting  Method

The  Company  recognizes income and expenses on the accrual basis of accounting.

     c.  Earnings  (Loss)  Per  Share

The  computation  of  earnings  (loss) per share of common stock is based on the
weighted  average  number  of  shares  outstanding  at the date of the financial
statements.

                                 Income  (loss)        Shares         Per-Share
                                   (Numerator)      (Denominator)       Amount
                               -------------------------------------------------
For the year ended December 31, 2000
Basic EPS
Income (loss) to
common stockholders            $      (957,738)      11,966,333         $(0.08)
                               =================================================

For the year ended December 31, 1999
Basic EPS
Income (loss) to
common stockholders            $       (80,713)      11,701,000         $(0.12)
                               ================================================


     d.  Cash  and  Cash  Equivalents

The  Company  considers  all  highly liquid investments with maturities of three
months  or  less  to  be  cash  equivalents.

     e.  Provision  for  Income  Taxes

No  provision  for  income  taxes  has  been  recorded due to net operating loss
carryforwards  totaling  approximately  $1,160,922  that  will be offset against
future  taxable  income.  Since  the  Company  is  in  the development stage, no
provision  for  income  taxes  has  been  made.

     Deferred tax assets and the valuation account is as follows at December 31,
2000  and  1999.
                                     December 31,
                              2000               1999
                         --------------------------------
Deferred  tax  asset:
NOL carrryforward        $     395,000       $     69,080
Valuation  allowance          (395,000)           (69,080)
                         ---------------------------------
     Total               $           0       $          0
                         =================================

                                       28


                                  NETJ.COM CORP
                          (a Development Stage Company)
                       Notes to the  Financial Statements
                           December 31, 2000 and 1999

NOTE  1  -  Summary  of  Significant  Accounting  Policies  (Continued)

     f.   Organization  Costs

In  1995,  Organization  costs  were  paid  by  shareholders  and  exchanged for
6,000,000 shares of common stock having a par value of $1,200.  These costs were
being amortized over a period of 60 months, but have been expensed completely in
1999,  due  to  a  change  is  accounting  policy.

NOTE  2  -  Going  Concern

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  The  Company  is dependent upon
financing  to  continue operations.  The financial statements do not include any
adjustments  that  might  result  from  the  outcome of this uncertainty.  It is
management's  plan  to  continue  searching for a viable business combination to
enter  into.  Funds  will  be  provided by shareholders to cover the expenses of
registering  the Company with the SEC and other administrative expenses, until a
merger  candidate  is  located.

NOTE  3  -  Development  Stage  Company

The  Company  is  a development stage company as defined in Financial Accounting
Standards  Board  Statement No. 7.  It is concentrating substantially all of its
efforts  in  raising  capital and developing its business operations in order to
generate  significant  revenues.

NOTE  4  -  Related  Party  Transactions

During  1999,  the  Company  issued  345,000  shares of common stock to Intrepid
International  Ltd  for  legal  services  rendered,  and  450,000  shares to HJS
Financial  Services, Inc. for accounting and financial consulting services. Both
companies  are affiliates and employers of J. Dan Sifford Jr., an officer of the
Company.

     During  2000 and 1999, the Company incurred consulting fees of $177,023 and
$34,318, respectively, payable to Intrepid International.  During 2000 and 1999,
$76,000  and  $5,000,  respectively,  was  paid  in  consulting fees to Intrepid
International.  An  officer  of Intrepid International also serves as an officer
of  the  Company.

     During  2000, the Company incurred professional fees of $637,434 payable to
Paige & Company.  During 2000, $100,000 was paid to Paige & Company.  An officer
of  Paige  &  Company  also  serves  as  an  officer  of  the  Company.

NOTE  5  -  Stockholders'  Equity

In August 1995, the Company issued 6,000,000 shares of stock at $.0002 per share
to  the  Company's  founder  an  President J. Dan Sifford, Jr., for organization
costs  valued  at  $1,200.

In  July 1997, the Company issued 5,080,000 shares at $.025 per share to private
investors  for  cash  of  $127,000.

During  1999,  the Company also issued 33,000 shares of common stock at $.02 per
share  for  a  subscription  receivable  of  $660.

During 1999, the Company issued 795,000 shares of common stock at $.02 per share
to  companies

                                       29


                                  NETJ.COM CORP
                          (a Development Stage Company)
                       Notes to the  Financial Statements
                           December 31, 2000 and 1999

NOTE  5  -  Stockholders'  Equity  (Continued)

     affiliated  with  J.  Dan  Sifford  Jr.  the  President of the Company, for
services  valued  and  invoiced  in  the  amount  of  $15,900  (see  Note  4).

     In  May  2000,  the  Company  issued  100,000  shares at $2.00 per share to
private  investors  for  cash  of  $200,236.

All  stock  issuances  to  date  have  been  valued  at  the market value of the
consideration  received.  The
     value  of the Company's common stock is less determinable due to its thinly
traded  nature.

NOTE  6  -  Stock  Split

During  1999,  the  board  of  directors  authorized a five for one stock split.
These  financial  statements  have  retroactively restated to reflect the split.

NOTE  7  -  General  and  Administrative  Expenses

General  and  administrative  expenses  are  as  follows:
                                                       December  31,
                                             2000        1999          1998
            -------------------------------------------------------------------
     Amortization                               0           400           280
     Professional  Fees                   957,738        80,313        28,395
     Miscellaneous                              0             0         1,102
                                       ---------------------------------------
                                          957,738        80,713        29,777
                                       =======================================

NOTE  8  -  Employee  Stock  Option  Plan

          On September 14, 2000 the Company established an Employee Stock Option
Plan.  The  Plan  covers both current and prospective employees, consultants and
directors.  The  exercise  price  for  each  option  shall be established by the
Company's  Board  of  Directors.

     The  maximum  number of shares of common stock available for issuance under
the  plan  is  9,500,000.  As  of  December  31, 2000, there are 2,250,000 stock
options granted and vested at an exercise price of $1.15 per share.  The options
expire  on  September  13,  2005.  Per  FASB 123, the Company is not required to
recognize  compensation  when  the options vest since exercise price for all the
options  granted  were  at  fair  market  value  on  the  date  of  the  grant.

     A  summary  of  the  option  activity  follows:

                      Options Available        Options         Weighted Average
                          For  Grant         Outstanding         Exercise Price
--------------------------------------------------------------------------------
     Granted                9,500,000           2,250,000            $    1.15
     Exercised                      0                   0                    0
     Canceled/Forfeited             0                   0                    0
     Balances  12/31/00     9,500,000           2,250,000            $    1.15

                                       30


                                  NETJ.COM CORP
                          (a Development Stage Company)
                       Notes to the  Financial Statements
                            December 31, 2000 and 1999

NOTE  8  -  Employee  Stock  Option  Plan  (Continued)

     Pro  forma  information  regarding  net  income  and  earnings per share is
required  by  SFAS 123.  This information is required to be determined as if the
company  had  accounted  for  its employee stock options granted during the year
under  the  fair  value  method  of  that  statement.  The fair value of options
granted in 2000 reported below has been estimated at the date of grant using the
Black-Scholes  option  pricing  model  with  the  following  weighted  average
assumptions:

          Expected  life  (in  years)               5
          Risk-free  interest  rate               6.0%
          Volatility                               50%
          Dividend  yield                           0%

     For  purposes  of  pro  forma  disclosures, the estimated fair value of the
options  is  amortized  to  expense  over  the  options'  vesting  periods.  The
Company's  pro  forma  information  follows:

                                             2000
                                    -------------------
     Pro  forma  net  income              $   (957,738)
     Pro forma basic earnings per share   $       (.08)

                                       31