FORM 10-K-SB

                       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


                                  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


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

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

Securities  registered  pursuant  to  Section  12(g)  of the Act:     11,908,000


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  12/31/99

     the  aggregate  number  of  shares held by non-affiliates was approximately
5,113,000  shares.

     the  number  of  shares  outstanding  of  the Registrant's Common Stock was
11,908,000.


                                        1
<PAGE>

                                     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". Our registration has become effective by operation of law,
60  days  after  our first filing, and before all comments with the Staff of the
Commission  had  been  cleared.

     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.  If and when this 1934 Act Registration is
effectively  clear  of  comments  by  the  staff,  we  will  be  eligible  for
consideration  for  the  OTCBB  upon  submission of one or more NASD members for
permission  to  publish  quotes  for  the purchase and sale of the shares of the
common  stock  of  the  issuer.

     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.

     We  believe  we  have  identified  an  acquisition  target. Information and
disclosure  about  our  proposed  acquisition  is  provided  in  this  Form


                        ITEM 1.  DESCRIPTION OF BUSINESS.


 (A)  HISTORICAL  INFORMATION.  This  Corporation  (sometimes  called  "the
Registrant",  but  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 Net J.com
                                        2
<PAGE>

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 '5 of the Securities
Act  of  1933, are displayed in the following table. Please See Part II, Item 4,
for  additional  information.
<TABLE>
<CAPTION>
<S>                                                                                               <C>         <C>
Issuances/Exemptions from 1933 Act Registration Before 1 to 5 Forward Split                       post        pre-
                                                                                                  reverse     reverse
Founders shares, at par value, for organizational costs, to a single Founder, J. Dan Sifford Jr
[Section 4(2) of the 1933 Securities Act]
                                                                                                   6,000,000  1,200,000
11 sophisticated investors at $0.125
(Rule 504) 7/7/97                                                                                  5,080,000  1,016,000
1 sophisticated investor at $0.10
(Rule 504) 6/9/98                                                                                     33,000      6,600
For services valued at $9,000.00 (Rule 504) 1/22/99                                                  450,000     90,000
For services valued at $6,900.00 (Rule 504) 3/3/99                                                   345,000     69,000
Total Common Stock Issued and Outstanding (Before the forward Split of July 14, 1999)             11,908,000  2,381,600
================================================================================================  ==========  =========
</TABLE>



     We  were  not  a  "Blank Check Company", commonly called a "Blind Pool", as
referred  to  in either Rule 419 or Rule 504, at any time our founders or others
were  offered,  purchased  or  acquired  the  outstanding  securities  of  this
Registrant.  After  abandoning  our  business  plan,  we  became a company whose
business  plan  was  to  find  a profitable business combination. As a practical
matter,  we  are required to register its common stock pursuant to Section 12(g)
of  the  1934 Act, and to pursue continuation of quotation on the OTCBB if it is
to have any chance to compete in with other issuers or registrants, for business
combinations by reverse acquisition. 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.

     We  believe  we have identified an acquisition target. Disclosure about our
proposed  acquisition  is  provided  in  this  filing.

 (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, acquisitions which did not occur.
We  have recently identified a probable acquisition target and announced it in a
news  release  dated  March 9, 2000. There is no assurance that this acquisition
will close on schedule, and it may not close at all. We think it will close, but
no  guaranties  of  future  events  can  be  provided.
                                        3
<PAGE>

      (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.

     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 involve
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.

      (2)  PROBABLE  ACQUISITION. On March 9, 2000, we announced an agreement to
acquire  100%  of Global Tote Limited ("Global Tote"). Global Tote, based in the
United  Kingdom,  develops  interactive  horse  racing and auxiliary betting via
satellite  and  the Internet. The price is $8 million, in cash, stock and notes.
We  had  announced  that the parties expected closing within one week. That time
estimate  has  proved  unduly  optimistic.  As  of this filing, that acquisition
remains  probable  but  no closing has occurred. If and when the transaction may
close,  we  will  immediately  report all available disclosure by public filing,
most likely, in a current report on Form 8-K. We announced that Lord Sheppard of
Didgenrmere  (the  former  chairman  of Grand Metropolitan Plc, parent of Burger
King,  Jolly  Green  Giant  and  Pillsbury)  joins  the  Board of Directors upon
closing.  Closing  has not occurred. There has been no change in our expectation
that  Lord  Sheppard  will  join  the  Board  upon  closing  of  this  proposed
acquisition.

      (3)  IF  NO  ACQUISITION  OCCURS.  It  is  possible  that  the  proposed
acquisition  may not occur. Transactions of this nature do sometimes fail at the
last  minute  over  details  about  which  the parties cannot agree. Our history
illustrates  such  failure  of  expectation  in  the  past,  even  after  public
announcement. Changed circumstances, between the making of the agreement and the
time  set  for  closing,  may result in failure to consummate the agreement in a
final  acquisition. Should this eventuality materialize, we would be required to
begin  again  to seek an acquisition target. For that reason, further disclosure
is  provided  about  such  a  possible  eventuality.

 (C)  GLOBAL  TOTE  LIMITED.  There  are  numerous terms and conditions upon the
closing  of  this  acquisition  of a procedural and non-financial nature. Before
this  acquisition  can  close,  substantial  and  diligent clarification will be
required  so  that  we might then disclose the nature of Global Tote's business,
history, financial condition, its officers, any persons who will become officers
and  directors  of  our  corporation,  and the individuals and entities who will
receive  or  beneficially  own  acquisition  shares issued by us, and the actual
nature  of  control  of our corporation following such an acquisition. We do not
yet  possess  sufficient  information  to  make  such  disclosure  at this time.

     Global  Tote  Ltd.  is a United Kingdom company whose business model was to
acquire  interests in established gaming companies and to assist in their growth
through  the introduction of Internet efficiencies to increase demand and market
share.  Global  Tote had acquired debt from and rights to an interest in Premier
Telesports  Ltd.,  a  Cypriot-based  company with various rights and licenses to
provide tote and lottery services and business. "Tote" refers to betting or to a
betting  salon.  These services and businesses include an installed base of tote
equipment  in the Russian Republic, the broadcast of certain horse and greyhound
                                        4
<PAGE>

racing events originating in the US and the United Kingdom via satellite and the
Internet,  and  rights  in  connection  with  the  Moscow  City  lottery.

     We  have characterized this acquisition as probable, and we do believe that
it  is  in  fact probable; however, due the numerous contingencies, and on-going
due diligence, this view must be conditioned and qualified by disclosure that no
assurance  exists  that  the  acquisition  will in fact close. Our due diligence
examination  of  the  target  is not complete, nor is the target's due diligence
examination  of  us.

 (D)  IF  SEARCH  RESUMED. Since it is possible that the proposed acquisition of
Global Tote may not close, continued disclosure is provided about the process by
which  we would, in such a case, resume 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 shareholder. 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 the 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 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.

     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 or
principal  shareholder,  or  affiliates,  have  an  ownership  interest.
                                        5
<PAGE>

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

     FINDERS  FEES FOR PRINCIPAL CONTROL GROUP.  Depending on the quality of the
target  company,  the principal shareholders may sell all, some or none of their
control  block,  as  matters for arm's length deal-making, when it comes to that
stage.  Additionally,  the  Principal  Shareholders  are  associated  with  the
Principal  Consultant  and  provides,  has  provided  and  may provide corporate
services  to  us,  billable  hourly  in  an established and customary manner. No
finders  fees,  commissions  or  other  bonuses will be payable to our Principal
Shareholder  group,  for securing or in connection with any acquisition, will be
paid  or  payable, as a matter of both current economic conditions and corporate
policy.  Management  has  determined  that in its view of the current market for
such  transactions,  such  fees  or  bonuses  are  not  justifiable.

     LOAN  FINANCING  NOT  ANTICIPATED.  There  are no foreseeable circumstances
under  which  loan  financing  will  be  sought  or  needed  during  our present
development  stage.

(E)  FINANCING  PLANS.  For more information, please see Management's Discussion
and  Analysis.

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

(G)  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. It has no significant pool of
cash  it can offer and  no capital formation incentive for its selection. It has
a  limited  shareholder  base  insufficient  for  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, it 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, skill and that of
its  consultants  and principal shareholder, there can be no assurance that this
issuer  will  prove  competitively  attractive  to  the kinds of transactions it
seeks.

(H)  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
telephone  of  its  officers,  consultants  and  attorneys.  We  have no assets,
property  or  business;  its  principal  executive  office address and telephone
number  are  the  home address and telephone number of its Principal Shareholder
and  are  provided  at  no  cost.  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.  These  activities  have  consumed  an
insignificant  amount  of  time  or  other  burden, such that, the costs of such
non-exclusive  uses have been minimal and without significant negative impact on
our financial condition. These uses have had the positive impact of relieving us
from  the  burden  of  maintaining  non-productive  assets.
                                        6
<PAGE>


                           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
<PAGE>
                                     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:

<TABLE>
<CAPTION>
<S>       <C>       <C>      <C>       <C>       <C>
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
========  ========  =======  ========  ========  =======
</TABLE>


     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.

 (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.  On March 3, 1999, we issued 69,000
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.


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


 (A)  PLAN  OF  OPERATION  FOR  THE  NEXT  TWELVE  MONTHS.  We have identified a
probable  acquisition  target,  as  described  in  Item  of  this  Part. If this
acquisition  closes,  and  Global  Tote  is acquired, then our plan for the next
twelve  months  will  be the furtherance of the Business of Global Tote. If that
acquisition  does  not  close,  our  plan  for the next twelve months will be to
resume  and  continue  our  search  for  an  acquisition  target.

      (1)  PROBABLE  ACQUISITION. On March 9, 2000, we announced an agreement to
acquire  100%  of Global Tote Limited ("Global Tote"). Global Tote, based in the
United  Kingdom,  develops  interactive  horse  racing and auxiliary betting via
satellite  and  the Internet. The price is $8 million, in cash, stock and notes.
We  had  announced  that the parties expected closing within one week. That time
estimate  has  proved  unduly  optimistic.  As  of this filing, that acquisition
remains  probable  but  no closing has occurred. If and when the transaction may
close,  we  will  immediately  report all available disclosure by public filing,
most likely, in a current report on Form 8-K. We announced that Lord Sheppard of
Didgenrmere  (the  former  chairman  of Grand Metropolitan Plc, parent of Burger
King,  Jolly  Green  Giant  and  Pillsbury)  joins  the  Board of Directors upon
closing.  Closing  has not occurred. There has been no change in our expectation
that  Lord  Sheppard  will  join  the  Board  upon  closing  of  this  proposed
acquisition,  if  it  does  close.
                                        8
<PAGE>

     There  are  numerous  terms  and  conditions  upon  the  closing  of  this
acquisition  of  a  procedural and non-financial nature. Before this acquisition
can  close,  substantial  and diligent clarification will be required so that we
might  then  disclose  the  nature of Global Tote's business, history, financial
condition,  its  officers, any persons who will become officers and directors of
our  corporation,  and  the  individuals  and  entities  who  will  receive  or
beneficially  own  acquisition  shares  issued  by  us, and the actual nature of
control  of our corporation following such an acquisition. We do not yet possess
sufficient  information  to  make  such  disclosure  at  this  time.

     We  have characterized this acquisition as probable, and we do believe that
it  is  in  fact probable; however, due the numerous contingencies, and on-going
due diligence, this view must be conditioned and qualified by disclosure that no
assurance  exists  that  the  acquisition  will  in  fact  close.

      (2)  CASH REQUIREMENTS IF GLOBAL TOTE NOT ACQUIRED. We have not engaged in
any material operations or had any revenues from operations since inception. Our
plan  of  operation  for  the  next  12  months would be 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.
During the next 12 months, our only foreseeable cash requirements will relate to
two  areas:  maintaining  the  Company  in  good standing with a valid corporate
franchise  in  the  State  of  Nevada,  and  such expenses as may arise from the
effectiveness  of  this 1934 Act Registration of its common stock. 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. These expenses may
be advanced by management or principal stockholders 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,  principals  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.

      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 dependant upon raising capital to continue operationsIt 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.

 (B)  RESULTS OF OPERATIONS. The Registrant has had no material operations since
inception, losses of $29,777, 92,374 and $240 respectively, for the fiscal years
ended  1998,  1997 and 1996, and $80,713 for 1999. We have accumulated a deficit
of  $203,184  giving  effect to the five for one forward split of July 14, 1999.
That  forward  split  had  the  technical  effect  of  increasing  the  deficit
slightly.The  reason  for the difference in the resulting calculations is due to
the  fact  that  we  did not change the par value in connection with the forward
split.  The  funding  of  the  payments that account for these deficits resulted
substantially  from  the  issuance  of shares of common stock of the Company for
services  rendered  and  advances,  in  lieu  of  cash. These services primarily
related  to  maintaining  the Company in good standing with the State of Nevada,
including  legal and professional fees for its name changes and reincorporation,
as  well  as  the  expenses of its current audit, and "due diligence" activities
with respect to its history and past operations. These activities have included,
for  example,  confirming  good  standing,  reviewing stock transfer records and
Articles  of  Incorporation,  as  amended, and arranging for the preparation and
                                        9
<PAGE>

auditing  of  financial  statements. These activities were undertaken to qualify
our  common  stock for quotation on the OTC Bulletin Board, and in contemplation
of  the  preparation  of  this  Registration  Statement.

     On  or  about  September  3,  1999,  this  Registrant made and announcement
indicating  that  Netbanx.com  (its  former  Name)  had entered into a letter of
intent for the acquisition of Western Connections Ltd. for $1.75 million and the
issuance  of  $400,000 of warrants at a strike price of $5 per share, as well as
the  licensing  of  X-PAY  to Automatic Communications Ltd. for an annual fee of
$175,000.  While  this  statement  was true, that letter of intent did not ripen
into  an  agreement,  and  no such transactions occurred. It was the decision of
this  Management  to place this Registrant in Custodianship for a period of time
to  cool-off,  to  allow  the  NASD to inquire and satisfy itself concerning the
circumstances  of  that  announcement,  and  generally  to  prevent  any
misunderstandings  by  the  public  as  to  the  actual state of affairs of this
registrant.  The  principal  purpose of the Custodianship was prevent any person
from  misunderstanding  the  affairs  of  this  Registrant  during  its 1934 Act
Registration  of  its  common  stock,  and  for  a reasonable time following the
effectiveness  of  such  registration.  Special Securities Counsel acted as such
Custodian  briefly,  before  appointing  our  present  board  of  directors.

 (C)  LIQUIDITY.  We  had  limited  and  diminishing liquidity during the fiscal
years ended 1998, 1997 and 1996, and virtually no liquidity following the end of
1999. 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 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 shareholder is
expected  to  advance  those  fees  which  are  not  appropriate for settlement,
compensation  or  reimbursement  in stock. The Principal Shareholder 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.


                         ITEM 7.  FINANCIAL STATEMENTS.

     Please see the Exhibit Index found on page 18 of this Report. The financial
statements  listed  therein, attached hereto and filed herewith are incorporated
herein  by  this  reference  as  though  fully  set  forth  herein.


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

     None.


                                       10
<PAGE>
     The  Remainder  of  this  Page  is  Intentionally  left  Blank

                                       11
<PAGE>
                                    PART III


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

     The  following  persons  are the former Directors, having taken office from
the  inception  of  the  issuer,  and  having  retired  about  the  end of 1999.

     J.  Dan  Sifford,  Jr.,  age 61, grew up in Coral Gables, Florida, where he
attended Coral Gables High School and the University of Miami. After leaving the
University  of Miami, Mr. Sifford formed a wholesale consumer goods distribution
company  which  operated  throughout  the  southeastern United States and all of
Latin  America.  In  1965,  as  an  extension of the operations of that original
company,  he  founded  Indiasa Corporation (Indiasa), a Panamanian company which
was  involved  in  supply  and  financing  arrangements  with  many of the Latin
American  Governments,  in  particular,  their  air  forces  and  their national
airlines.  As  customer  requirements  dictated,  separate  subsidiaries  were
established  to  handle  specific  activities,  among  them:  Indiasa Securities
Corporation,  to  structure  the  financing  necessary  to  facilitate  the
transactions;  Indiasa  Aviation  Corporation,  to serve as an all cargo airline
operating  large  cargo aircraft throughout Latin America; and Overseas Aviation
Corporation, to buy, sell, lease and broker aircraft, and to provide services to
Indiasa Aviation Corporation and to other airlines. Indiasa, which is the parent
company of all the Panamanian companies formed by Mr. Sifford, operates, through
its partially owned subsidiary, Robmar International, S. A., plants in Argentina
and  Brazil  which  produce  high  temperature,  high  pressure  lubricants  and
sealants.  For  twelve  years ending in 1982, it operated, through its partially
owned  subsidiaries  Indiasa  Aviation  Corporation  and  Overseas  Aviation
Corporation,  an  all  cargo  airline  based  at Miami International Airport and
serving  points  throughout Central and South America and Africa. In addition to
his  general aviation experience, Mr. Sifford, an Airline Transport rated pilot,
has  twenty  two  years experience in the airline business, and was recently the
President  of  Airline  of the Virgin Islands, Ltd. a commuter passenger airline
operating  in  the  Caribbean.  For the past two years, Mr. Sifford has been the
United  States  Managing  Director for Intrepid International, S.A. (Panam ), an
international  financial  and  corporate  service  provider. He is fluent in the
Spanish  Language.

     Laurencio  Jaen  O., age 70, resides in Panama City, Republic of Panama. He
is,  and  has  been  for  the  past twenty five years, Vice President of Indiasa
Corporation  ("Indiasa"),  a  Panamanian  corporation, which, through one of its
subsidiaries,  Robmar  International,  is  involved  in  the  manufacture  and
distribution of chemical products in Argentina and Brazil and which, through its
former  subsidiary  Indiasa Aviation Corporation, was, for eight years ending in
1981,  engaged  in  aviation  consulting,  the  leasing,  purchase  and  sale of
aircraft,  and the operation of a cargo airline, primarily in Latin America. Mr.
Ja n was a founder of PAISA, Panama's international airline, served as president
of the Colon Free Zone (the world=s largest free trade zone), and as Director of
Panama's  Social Security Administration. He has also served as the President of
the Panamanian Chamber of Commerce, and as a member of the Board of Presidential
Advisors  of  the  Republic  of  Panama.

     William  Stocker,  attorney  at law, was appointed Custodian on October 14,
1999,  by the two former Officer/Directors J. Dan Sifford and Laurencio Jaen O.,
who  retired  from office without comment. The Custodianship existed briefly for
the  purpose of appointing new directors to conduct this Corporation's search in
Europe  and  the  United Kingdom for profitable business opportunities. In fact,
Mr.  Stocker acted entirely in a fiduciary capacity, and appointed new Directors
as  the nominees of the existing principal shareholder group. The new directors,
now identified, are not otherwise affiliated with Intrepid International, or any
affiliate  of  Intrepid.
                                       12
<PAGE>

     The  following  persons have been appointed 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. They were nominated at the close of
the  1999,  but  did  not  take  office  until  the  beginning  of  2000.

     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  1994B1997,  Ms.  Paige  was  of  Counsel with Masons
Solicitors,  a  London law firm where she advised technology clients and Silicon
Valley  law  firms  on commercial and technology issues in Europe and the Middle
East.  She  has  had  extensive  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  (1993B1996)  with  responsibility  for  computer  and  communications
security.  Mr.  Blackman  is  also  a  Director  of Eurogard Security Group (UK)
Limited  (since  1997).

                        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.

     No  Officer  or  Director  or  Executive  of  this  Corporation  has  been
compensated  for  services  to us. No plan of compensation has been formed or is
presently  under  consideration.

     The  former  Officers  and  Directors  of  this  Registrant are Officers or
Directors  of  a  Principal  Shareholder, Intrepid International S.A. ("Intrepid
Panama")  and/or  its  United  States  Subsidiary,  Intrepid  International Ltd.
("Intrepid  US"). They are or may be indirectly benefited by the relationship by
which  Intrepid bills this Corporation, on a time/fee basis, with varying hourly
rates  for various personnel levels. This billings when and if paid will address
general  operating  expenses  of  Intrepid  and  are  not  directly  payable  or
translatable  to  direct  compensation  of  the  Former Officers or any specific
person.  Mr.  Sifford's attention to the affairs of this Corporation were billed
at  $150.00  per hour. Mr. Jaen O. did not submit any time billings for Intrepid
or  otherwise.  Intrepid's Counsel, William Stocker, served briefly as Custodian
of  this  corporation,  for  the limited purpose of accepting the resignation of
directors  and  appointing  new and current directors. The Custodian and Special
Counsel  accrued  compensation  at  $250.00 per hour. These fees are included in
Intrepid's  billings,  and  are not direct compensation to Mr. Stocker. Intrepid
has  billed this corporation a total of $29,317.70 for services incurred through
1999.  These  billings  have  not been paid and are carried on the books of this
Corporation  as  liabilities.  These  amounts will be compensated, when paid, in
cash,  and  not  in  the  issuance  of  stock  for  services.
                                       13
<PAGE>

     The  fees  payable  to Intrepid, if and when paid are creditable as general
revenues  of  Intrepid, and are not payable to its personnel. These billings are
accrued  and  accruing,  are  unpaid,  and  payment has been deferred generally.

     Wendy  Paige  (Director,  Acting  President)  and  Simon  Blackman  (Acting
Secretary  and Treasurer) have been appointed as our new management to deal with
our  probable or future acquisitions in the United Kingdom. While no arrangement
for compensation of our new officers has been made or anticipated by or with us,
this  change  requires  the  following  disclosure.

     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.


    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

                                       14
<PAGE>
                                    TABLE A/B
                                  COMMON STOCK
                 OFFICERS AND DIRECTORS AND OWNERS OF 5% OR MORE

<TABLE>
<CAPTION>
<S>                                              <C>         <C>      <C>         <C>
  Name and Address of Beneficial Owner           Actual               Attributed
                                                 Ownership         %  Ownership        %
Wendy Paige  Acting President                           -0-     0.00   7,035,000   59.08
5 Eghams Court
Boston Drive
Bourne End Bucks SL8 5YS
Simon Blackman  Acting Secretary and Treasurer          -0-     0.00   7,035,000   59.08
5 Eghams Court
Boston Drive
Bourne End Bucks SL8 5YS
All Officers and Directors as a Group                     0     0.00   7,035,000   59.08
J. Dan Sifford, Jr., Former Officer (1)
3131 Southwest Freeway                            5,000,000    41.99   7,035,000   59.08
Suite 46
Houston, Texas 77098
Laurencio Ja n O., Former Officer (1)                   -0-     0.00
P. O. Box 8807                                                         7,035,000   59.08
Panama City 5
Republic of Panama
Intrepid International, S.A. (1)                                                   59.08
P. O. Box 8807                                      345,000     2.90   7,035,000
Panama City 5
Republic of Panama
HJS Financial Services, Inc. (1)                                                   59.08
24843 Del Prado #318                              1,450,000    12.18   7,035,000
Dana Point CA 92629
Total Other 5% Owners                             6,795,000    57.06
TOTAL ALL AFFILIATES                              6,795,000    57.06
Total Shares Issued and Outstanding              11,908,000   100.00
===============================================  ==========  ========
</TABLE>



(1)  In  the  foregoing  table,  the  share  ownership  of  each  of  the listed
shareholders are attributed to and each other and to all of them. The reason for
this attribution is that there is sufficient commonality between and among them,
and  one  or more officers of the other entities, such that all are deemed to be
affiliates  of  the  issuer and Counsel to Intrepid and HJS. The former officers
are officers of Intrepid. Please see Item 7, Relationships and Transactions, for
more  disclosure  about  Intrepid  and  its  owners,  officers  and  persons.

 (C)  CHANGES  IN  CONTROL.  We  have  previously disclosed the probability of a
change  of  control.
                                       15
<PAGE>


            ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     There  are  certain  relationships  and  transactions among and between the
Registrant  and  its  present  and  former  officers,  and  certain  affiliated
shareholders  which  are  deemed  material  and  which  are  the  subject of the
following  disclosure.  Specific  disclosure is directed to two of the affiliate
shareholders,  Intrepid  International,  S. A., and HJS Financial Services, Inc.
The  Custodian  of  this  Registrant  is  Counsel  to  both of these shareholder
entities.

     HJS Financial Services, Inc. ("HJS") was incorporated in Nevada in April of
1991.  It  is  wholly-owned  and  managed  by  its  President Kirt W. James. The
Custodian  of  this  Registrant,  William  Stocker,  is  Counsel  to HJS. HJS is
substantially  inactive.  Its  activities  consist in winding up its affairs and
managing its remaining assets, and providing occasional management services of a
limited nature. This disclosure is deemed material for the reason that Mr. James
is  also  an  affiliate  of  Intrepid  International,  S.A.  His  biographical
information  is  found  below  in  this  Item.

     Intrepid  International,  S. A. ("Intrepid Panama") was incorporated in the
Republic  of  Panam  in  1984  to  offer  financial services to natural resource
companies,  primarily  those engaged in the production of oil and gas. Following
the  world  wide collapse of oil prices in the mid-eighties, the Intrepid Panama
broadened the focus of its universe of support services to include a wider range
of  companies,  with  an  emphasis  on  public  companies and private companies,
companies  engaged  in  the transition from privately held to publicly held, and
development  stage  companies, whether public or private, requiring professional
business  and corporate guidance. In August of 1997 the Intrepid Panama sought a
United  States  Representative  and  entered into a relationship with a group of
corporate  and  business  specialists  who,  after contracting with the Intrepid
Panama,  incorporated as Intrepid International, Ltd. ("Intrepid US") to provide
the  required  representation and agency for the Panama company in North America
and  Europe. Intrepid US is incorporated in the State of Nevada. Intrepid is not
an  investment  banker,  nor  a  broker  or  dealer in securities. Intrepid is a
provider  of  technical  support services to client companies, generally, and an
occasional  investor  for  its  own  account.

     This disclosure is deemed material for the reasons that the former Officers
of this Registrant are affiliates of Intrepid Panama, that the Custodian of this
Registrant  is  also  Counsel  to  Intrepid  Panama and Intrepid US, and for the
further  reason  that  the  Intrepid  entities  are related to the Registrant as
consultants  and  service  providers. Services are provided on a time-fee basis,
with  particular rates for appropriate levels of personnel. All parties to these
agreements and related transactions believe that they were and are on terms that
are  no  more  detrimental  to  the  Registrant, nor more favorable to the other
parties,  than  those  that  would  have been agreed upon by third parties on an
arm's  length  basis.  The  services  consist of normal and necessary management
consultation  and  support  services.

     Laurencio Ja n O., an original incorporator who has served as President and
Director of Intrepid Panama since its inception in 1984, resides in Panama City,
Republic  of  Panama.  He  is, and has been for the past twenty five years, Vice
President  of  Indiasa Corporation ("Indiasa"), a Panamanian corporation, which,
through  one  of  its  subsidiaries,  Robmar  International,  is involved in the
manufacture  and  distribution  of chemical products in Argentina and Brazil and
which,  through  its  former  subsidiary  Indiasa Aviation Corporation, was, for
eight  years  ending  in  1981,  engaged  in  aviation  consulting, the leasing,
purchase  and  sale of aircraft, and the operation of a cargo airline, primarily
in  Latin  America.  Mr.  Ja  n  was  a founder of PAISA, Panama's international
airline,  served  as  president of the Colon Free Zone (the world=s largest free
trade  zone), and as Director of Panama's Social Security Administration. He has
also  served  as  the  President of the Panamanian Chamber of Commerce, and as a
member  of  the  Board  of  Presidential  Advisors  of  the  Republic of Panama.

     Teodoro  F. Franco L., Secretary and a Director of the Panama company, has,
for  thirty years, been a specialist in maritime and aviation law. Mr. Franco is
                                       16
<PAGE>

a  partner  in Franco and Franco, one of the most prestigious law firms in Panam
with  offices around the world. In addition to his law practice he has served as
Panamanian  Consul  to  Liverpool,  England  and  for  the  past  five  years as
Ambassador  to Great Britain. The firm of Franco and Franco is regarded with the
highest  degree  of  integrity and professionalism in the business and political
community  in  Panam  with its partners and several of its associates holding or
having  held public office. Teodoro Franco=s brother and partner, Dr. Juaquin F.
Franco,  Jr.,  has  held  many  public  offices over the past four decades, most
recently  as  the  Governor of Colon Province, the state containing the Atlantic
entrance  to  the Panama Canal and the Colon Free Zone. His nephew and associate
in  the firm, Juaquin F. Franco, III, has served as the Minister of Commerce and
is  currently  a  member  of  the  House  of Representatives and a candidate for
President  of the Republic. The firm practices maritime, aviation and commercial
law  and currently is the legal firm for: IBERIA (the Spanish national airline),
KLM  (the  Dutch  national  airline),  VIASA  (the Venezuelan national airline),
Aeroflot  (the  Russian  national  airline)  and  various smaller Latin American
national  airlines as well as being the registered agents for thousands of ocean
going  ships  around  the world flying the Panamanian flag. Mr. Franco brings to
the  Intrepid  Panama a wealth of international legal, commercial and diplomatic
experience.

     Leopoldo  Kennion  G.,  Treasurer and a Director of the Panama company, is,
and  has  for  twenty  years, been a Certified Public Accountant specializing in
international  accounting  and  is  an  associate  in the law firm of Franco and
Franco.  Mr.  Kennion  practices  maritime,  aviation  and commercial accounting
serving  the specialized needs of the transnational clients of Franco and Franco
by  providing  an  interface  between  them  and  their  auditors.

     Neither  Mr.  Teodoro  F.  Franco  L. nor Mr. Leopoldo Kennion G. have been
involved  in  the  management  or specific affairs of this Corporation, NetJ.com
Corp.

     J.  Dan  Sifford,  Jr., is the United States Managing Director for Intrepid
International,  S.A.  (Panam  ).  He  is  fluent  in  the  Spanish Language. His
biography  has  been  provided  in  Item  5 above. The officers and directors of
Intrepid  International, Ltd. (Nevada) ("Intrepid US") are two individuals; Kirt
W.  James, and J. Dan Sifford, Jr. Mr. Sifford's biography is found in Item 5 of
this  part  and also follows: He is, Secretary-Treasurer of Intrepid US, grew up
in  Coral  Gables,  Florida,  where he attended Coral Gables High School and the
University of Miami. After leaving the University of Miami, Mr. Sifford formed a
wholesale  consumer  goods  distribution  company  which operated throughout the
southeastern United States and all of Latin America. In 1965, as an extension of
the  operations  of  that  original  company,  he  founded  Indiasa  Corporation
(Indiasa),  a  Panamanian  company  which  was  involved in supply and financing
arrangements  with  many of the Latin American Governments, in particular, their
air  forces  and  their  national  airlines.  As customer requirements dictated,
separate  subsidiaries  were  established  to  handle specific activities, among
them:  Indiasa  Securities  Corporation, to structure the financing necessary to
facilitate  the  transactions;  Indiasa Aviation Corporation, to serve as an all
cargo  airline  operating  large  cargo  aircraft  throughout Latin America; and
Overseas  Aviation  Corporation, to buy, sell, lease and broker aircraft, and to
provide services to Indiasa Aviation Corporation and to other airlines. Indiasa,
which  is  the  parent  company  of  all  the Panamanian companies formed by Mr.
Sifford, operates, through its partially owned subsidiary, Robmar International,
S.  A.,  plants  in  Argentina  and  Brazil which produce high temperature, high
pressure  lubricants and sealants. For twelve years ending in 1982, it operated,
through  its  partially  owned  subsidiaries  Indiasa  Aviation  Corporation and
Overseas Aviation Corporation, an all cargo airline based at Miami International
Airport  and  serving points throughout Central and South America and Africa. In
addition  to  his general aviation experience, Mr. Sifford, an Airline Transport
rated  pilot,  has  twenty  two years experience in the airline business, and is
currently  the  President  of  Airline  of  the  Virgin Islands, Ltd. a commuter
passenger  airline  operating  in  the  Caribbean.

     Kirt  W.  James, the President of Intrepid US, has a lifelong background in
marketing  and sales. From 1972 to 1987, Mr. James was responsible for sales and
business administrative matters for Glade N. James Sales Co., Inc. and from 1987
                                       17
<PAGE>

to 1990 Mr. James built retail markets for American International Medical Supply
Co.,  a  publicly  traded company. In 1990 he formed and became President of HJS
Financial  Services,  Inc.,  and  was  responsible  for  the day to day business
operations  of  the  firm  as well as consultation with Clients concerning their
business  and Product Development. During the past five years Mr. James has been
involved  in  the valuation, sale and acquisition of numerous private businesses
and planning for the entry of private corporations into the public market place.


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


 (A)  FINANCIAL  STATEMENTS.  Audited  Financial  Statements for the years ended
December  31,  1999,  1998.

 (B)  FORM  8-K  REPORTS.  None.

 (C)  EXHIBITS.  None  other.

             The Remainder of this Page is Intentionally left Blank

                                       18
<PAGE>
                                   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.


                                  NETJ.COM CORP

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

                 by

       /s/                /s/
Wendy Paige         Simon Blackman
president/director  secretary/director
------------------  ------------------


                                       19
<PAGE>


--------------------------------------------------------------------------------
                                  EXHIBIT F-99

                          AUDITED FINANCIAL STATEMENTS
                               FOR THE YEARS ENDED
                             DECEMBER 31, 1999, 1998
--------------------------------------------------------------------------------

                                       20
<PAGE>


                          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
Professional  Recovery  Systems,  Ltd.)  (a  Development  Stage  Company)  as of
December  31,  1999  and  1998  and  the  related  statements  of  operations,
stockholders'  equity and cash flows for the years ended December 31, 1999, 1998
and 1997 and from inception on August 24, 1995 through December 31, 1999.  These
financial  statements  are  the responsibility of the Company's management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  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
Professional  Recovery  Systems,  Ltd.)  (a  Development  Stage  Company)  as of
December  31, 1999 and 1998 and the results of its operations and cash flows for
the  years  ended  December 31, 1999, 1998 and 1997 and from inception on August
24,  1995  through  December  31,  1999  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/___________
Crouch, Bierwolf & Chisholm
Salt  Lake  City,  Utah
February  17,  2000

                                       21
<PAGE>

                                 NetJ.com Corp.
                          (a development Stage Company)
                                 Balance Sheets
<TABLE>
<CAPTION>
<S>                                         <C>             <C>
                                                       December 31,
                                                     1999        1998
----------------------------------------------------------------------
ASSETS
Current Assets
Cash                                        $         329   $   5,329
Total Current Assets                                  329       5,329
Other Assets
Organization costs (Net of Amortization)                0         400
Total Other Assets                                      0         400
Total Assets                                $         329   $   5,729
LIAILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable                                   59,413           0
Total Current Liabilites                           59,413           0
Stockholders' Equity
Common Stock, authorized 100,000,000
shares of $.001 par value, issued and
outstanding 11,908,000 and 11,080,000
shares respectively                                11,908      11,080
Additional Paid in Capital                        132,852     117,120
Less: Subscriptions receivable                       (660)          0
Deficit Accumulated During the
Development  Stage                               (203,184)   (122,471)
Total Stockholders' Equity                        (59,084)      5,729
Total Liabilites and Stockholders' Equity   $         329   $   5,729
</TABLE>
    The accompanying notes are an integral part of these financial statements
                                       22
<PAGE>
                                 NetJ.com Corp.
                          (a development Stage Company)
                            Statements of Operations
<TABLE>
<CAPTION>
<S>                                   <C>           <C>                    <C>          <C>
                                                                                        August 24,
                                                                                         1995 (inception
                                                                                        of the
                                                                                        development
                                                    For the Years Ended                 stage) to
                                                    December 31,                        December 31,
                                             1999                   1998         1997               1999
---------------------------------------------------------------------------------------------------------
Revenues:                             $         0   $                  0   $        0   $              0
Expenses:
General & Administrative                  (80,713)               (29,777)     (92,374)          (203,184)
Total Expenses                            (80,713)               (29,777)     (92,374)          (203,184)
Net (loss)                                (80,713)               (29,777)     (92,374)          (203,184)
Net Loss per share                         ($0.01)  $               0.00       ($0.01)            ($0.02)
Weighted average shares outstanding    11,701,000             11,080,000    7,905,000          8,537,200
</TABLE>
    The accompanying notes are an integral part of these financial statements
                                       23
<PAGE>
                                 NetJ.com Corp.
                          (a development Stage Company)
                       Statements 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)
</TABLE>
    The accompanying notes are an integral part of these financial statements
                                       24
<PAGE>
                                 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
                                                For the Years Ended                stage) to
                                                December 31,                       December 31,
                                         1999                   1998        1997               1999
----------------------------------------------------------------------------------------------------
Cash Flows from Operating
Activities:
Net Loss                             ($80,713)              ($29,777)   ($92,374)         ($203,184)
Adjustments to reconcile
net loss to net cash
provided by operations
Shares issued for services             15,900                      0           0             15,900
Amortization                              400                    240         240              1,200
Increase in payables                   59,413                      0           0             59,413
Net Cash Flows used in
Operating Activities                   (5,000)               (29,537)    (92,134)          (129,971)
Cash Flows from investment
Activities:                                 0                      0           0                  0
Cash Flows from Financing
Activities
Issuance of stock                           0                      0     127,000            127,000
Net Increase(decrease) in cash         (5,000)               (29,537)     34,866                329
Cash, beginning of year                 5,329                 34,866           0                  0
Cash, end of year                   $     329   $              5,329   $  34,866   $            329
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           $  15,900   $                  0   $       0   $         15,900
</TABLE>
    The accompanying notes are an integral part of these financial statements
                                       25
<PAGE>

NETJ.COM  CORP
                          (a Development Stage Company)
                       Notes to The  Financial Statements
                           December 31, 1999 and 1998

NOTE  1  -  Summary  of  Significant  Accounting  Policies

     a.  Organization

     NetJ.Com  Corp  ("the  Company")(formerly  Professional  Recovery  Systems,
Ltd.),  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.

     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 $203,184 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,
1999  and  1998.
                                                           December  31,
                                                     1999                  1998
                                                     ----                   ----
     Deferred  tax  asset:
        NOL  carrryforward                    $     69,080         $     41,640
     Valuation  allowance                          (69,080)             (41,640)
     Total                                             -0-                   -0-

     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.

                                       26
<PAGE>

     The  accompanying  notes are an integral part of these financial statements

                                 NETJ.COM  CORP
                      (a  Development  Stage  Company)
                   Notes  to  the  Financial  Statements
                        December  31,  1999  and  1998

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 additional funds to begin its intended operations, or
find  an  operating  company  to  merge  with.

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, 1998 and 1997, $5,000, $10,000 and $22,000, respectively, was paid
in  consulting fees to Intrepid International, who are shareholders and officers
of  the  Company.

During  1999,  the  Company  issued  795,000  shares of common stock to Intrepid
International, for services rendered.

NOTE  5  -  Stockholders'  Equity

In  August  1995,  the Company issued 6,000,000 shares of stock for organization
costs  valued  at  $1,200.

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

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

During  1999,  the  Company issued 795,000 shares of common stock for a services
valued  at  $15,900.

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,
                                        1999      1998     1997
              ------------------------------------------------
              Amortization             400       280       280
              Professional Fees     80,313    28,435    79,801
              Travel                     0         0    12,333
              Miscellaneous              0     1,102         0
              ================================================
                                    80,713    27,777    92,374