U. S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-KSB
  [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
               ACT OF 1934 FOR FISCAL YEAR ENDED DECEMBER 31, 2002
   [ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934
                        Commission file number 000-27243

                       WORLDTEQ GROUP INTERNATIONAL, INC.

             -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

     Nevada                                            03-7392107
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(State or other                                     (I.R.S. Employer
 jurisdiction of                                     Identification
incorporation or                                          No.)
 organization)

30 West Gude Drive, Rockville, Maryland                   20850
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(Address of principal executive offices)                (Zip Code)

Issuer's telephone number, including area code:      (240) 403-2000

                                ----------------

         Securities registered under Section 12(b) of the Exchange Act:
          Title of each class Name of each exchange on which registered
                                     N/A N/A
         Securities registered under Section 12(g) of the Exchange Act:
                         COMMON STOCK, $0.001 PAR VALUE
                                (Title of Class)
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes X NO

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X]

WorldTeq Group International Inc.'s revenues for its most recent fiscal year
ended December 31, 2002 were $4,221,968.

On December 31, 2002, the aggregate market value of the voting stock of WorldTeq
Group International, Inc. (consisting of common stock, $0.001 par value) held by
non-affiliates of the Registrant (approximately 10,616,000 shares) was
approximately $849.280.00 based on the closing price for such common stock
($0.08) on said date as reported by the OTC Bulletin Board.

As of December 31, 2002, there were 21,630,000 outstanding common shares of
WorldTeq Group International, Inc. common stock.

Documents incorporated by reference: Portions of several 8K announcements during
the year are incorporated by reference in Part III hereof.


<PAGE>
TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE) YES NO X

The Index of Exhibits filed with this Report begins on page   .

                       WORLDTEQ GROUP INTERNATIONAL, INC.
                                   FORM 10-KSB

                                TABLE OF CONTENTS

                                                                     Page
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                                   PART I

Item 1.   Description of Business . . . . . . . . . . . . . .          3

Item 2.   Description of Property . . . . . . . . . . . . . .         15

Item 3.   Legal Proceedings . . . . . . . . . . . . . . . . .         16

Item 4.   Submission of Matters to a Vote of Security Holders         16

                                  PART II

Item 5.   Market for Common Equity and Related Stockholder Matters    16

Item 6.   Management's Discussion and Analysis or Plan of Operation   17

Item 7.   Financial Statements. . . . . . . . . . . . . . . .         19

Item 8.   Changes In and Disagreements with Accountants on
            Accounting and Financial Disclosure . . . . . . .         19

                                  PART III

Item 9.   Directors, Executive Officers, Promoters and Control
            Persons; Compliance with Section 16(a) of the
            Exchange Act. . . . . . . . . . . . . . . . . . .         19


Item 10.  Executive Compensation. . . . . . . . . . . . . . .         21

Item 11.  Security Ownership of Certain Beneficial Owners and
            Management. . . . . . . . . . . . . . . . . . . .         22

Item 12.  Certain Relationships and Related Transactions. . .         23

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

Signatures  . . . . . . . . . . . . . . . . . . . . . . . . .         24


                                   PART I


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FORWARD LOOKING STATEMENTS

This Annual Report on Form 10-K contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking
statements are statements other than historical information or statements of
current condition. Some forward-looking statements may be identified by use of
terms such as "believes", "anticipates", "intends", or "expects". These
forward-looking statements relate to our plans, objectives and expectations for
future operations and growth. Other forward-looking statements in this Form 10-K
include statements regarding synergies and growth expected as a result of future
acquisitions, expected growth in earnings, EBITDA, revenue and gross margin,
expected decreases in operating expenses, our expectation regarding our ability
to consummate future acquisitions. In light of the risks and uncertainties
inherent in all such projected operational matters, the inclusion of
forward-looking statements in this Form 10-K should not be regarded as a
representation by us or any other person that any of our objectives or plans
will be achieved or that any of our operating expectations will be realized. Our
revenues and results of operations are difficult to forecast and could differ
materially from those projected in the forward-looking statements contained in
this Form 10-K as a result of certain risks and uncertainties including, but not
limited to, our business reliance on third parties to provide us with
technology, infrastructure and content, our ability to integrate and manage
acquired technology, assets, companies and personnel, changes in market
conditions, the volatile and intensely competitive environment in the
telecommunications and Internet industries, the availability of transmission
facilities, dependence on call termination agreements, entry into new and
developing markets, risks associated with the international telecommunications
industry, customer concentration and attrition, dependence on a few significant
foreign and domestic customers and suppliers, international economic and
political instability, dependence on effective billing and information systems,
rapid technological change, the risk of litigation in connection with the
contents of our Web based systems, and our dependence on key employees in a
competitive market for skilled personnel. These factors should not be considered
complete; we undertake no obligation to release publicly the results of any
future revisions we may make to forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

The discussion in this report contains forward looking statements, including,
without limitation, statements relating to WorldTeq Group International, Inc.
and its wholly-owned subsidiaries, WorldTeq Corporation, NetWorld of Ohio Inc.,
or DigitalTeq Corporation ("WTEQ").  Although we believe that the expectations
reflected in the forward looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.  The forward looking
statements involve risks and uncertainties that affect our business, financial
condition and results of operations, including without limitation, our possible
inability to obtain additional financing, lack of agent growth, the possible
loss of key personnel, rate changes, fee policy or application changes,
technological changes and increased competition.  Many of these risks are beyond
our control.  We are not entitled to rely on the safe harbor provisions of
Section 27A of the Securities Act of 1933, as amended, or Section 21E of the
Securities Exchange Act of 1934, as amended, when making forward looking
statements.

ITEM 1. DESCRIPTION OF BUSINESS

CORPORATE HISTORY

WorldTeq Group International, Inc. was incorporated under the laws of Nevada on
October 13, 1997, and was originally named Halo Holdings of Nevada, Inc. On
October 15, 2001, we amended our articles of incorporation to adopt our current
name, which we believe more accurately reflects the business in which we are now
engaged.

From the date of our incorporation in 1997 until early 1999 our company was
engaged in skydiving and related business ventures. Between February and April
1999 we sold our skydiving business and acquired three companies which were
providers of Internet connectivity and related products and services.
Specifically, in February 1999 we acquired Virtual Information Express, Inc. a
Maryland corporation which provided outsourced Internet services such as
e-commerce applications and collaborative technologies. In March 1999, we
acquired Computer Ease LLC, a Maryland limited liability company which provided
Web design and development services to corporate clients and associations.
Computer Ease was merged into our subsidiary A1 Internet Services, Inc., a
Delaware corporation. In April 1999 we acquired Networld Ohio, Inc., an Ohio


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corporation, which is an Internet service provider ("ISP") based in Freemont,
Ohio. In November of 2000 we formed WorldTeq Corporation, a Delaware
Corporation, to focus on adding Long Distance services to our product line.  As
a result of these transactions, our principal business now is providing Internet
access, Long Distance Service and related products and services.

Our principal offices are located at 30 West Gude Drive, Rockville, MD 20850
(telephone # 240-403-2000).

OVERVIEW

We are a switch-less and facilities-based provider of Internet protocol and
traditional fiber based communications services, including voice, data and
Internet access, along with traditional Long Distance Calling Cards and related
services.  We market our services to groups specializing in specific ethnic
demographics, residential communities located in major metropolitan areas,
associations, network marketing organizations, and ISPs. Our goal is to become a
leading provider of Internet Protocol, ("IP"), and communication services,
including voice, data and Internet services to our targeted markets, comprised
of affinity communities.  We provide our services through a flexible network of
owned, contracted facilities and resale arrangements. We have an extensive
network available to us of IP gateways, international gateways, domestic
switches, and a North American local access network of over 6,500 Points of
Presence.

Through our subsidiaries we provide associations and businesses with
opportunities to generate revenues by supplying those associations, individuals,
and businesses with Internet technology and communications solutions and
services that they can re-sell under their own names and brands. Our products
and services enable the affinity group to offer their members, customers and
others a variety of revenue producing solutions and services without making
large investments in technology, infrastructure or staff. The principal products
and services which we offer are:

- Long Distance Service

- Toll Free Products

- Specialized Call Center Products

- Billing Services

- Wireless Products

- Web site creation and design;

- Web site hosting;

- Internet access and VoIP service (Voice over Internet Protocol)

- Complete electronic commerce services;

- E-mail and related services such as conference and bulletin board facilities
and mailing list management;

In addition, we own one regional ISP located in Fremont, Ohio which had a total
of 2,900 subscribers as of December, 2002 that are owned by the company.

RECENT DEVELOPMENTS

Beginning in the fourth quarter of 2002, we began to modify our business plan to
better focus on our core competencies. In December of 2002 the Board of
Directors and Management decided to change the focus of several companies not
focused on our core competencies, with specific emphasis on cash flow and
profits.

The revised plan called for a restructuring that included 1) a change in our
staff with more experience in our industry, 2) accelerated migration of direct
customer sales staff to that of a contracted agent network, 3) discontinuation
of unprofitable, low-margin business lines and 4) implementation of certain cost


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reduction procedures. Implementation of this plan commenced in the first quarter
of 2003 and 5) consolidation of selected offices and centralization of our
Network Operations Centers and 6) deployment of a new web based enterprise-wide
reporting system accessible by all our offices 7) investigation into the sale of
one of our subsidiaries 8) launching of our financial services products.

2002 KEY ACCOMPLISHMENTS

Our strategy is to facilitate our continued expansion into emerging economies by
expanding telecommunications and Internet services for our residential and small
business customers and adding financial services products. During 2002, we
continued to take advantage of our strong technical abilities to develop and
deploy our own billing and provisioning systems.  We expanded our strength in
affinity communities by enhancing the services we offer. During 2002 some of our
key accomplishments included:

1. Expansion of our available networks by contracting additional vendors which
incorporated the required infrastructure for the company to offer VoIP products.

2. Increased our success in the small and medium-sized business market through
the roll out of several new high demand products such as calling cards, Toll
Free services, 1 + dialing plans, and enhanced hosting services.

3. Enhancement of our Billing System, known as WEBBSsm, to take better control
over our provisioning and billing activities, thereby allowing us to provide
service to a greater number of people without increasing our overhead expense.

4. Creation of strategic agent relationships with several very successful
resellers already in the market place.

INDUSTRY BACKGROUND

The Internet is a global network of multiple private and public networks that
use standardized communication protocols to communicate with each other. The
Internet has become an important communication and commercial medium and
presents a significant opportunity for associations and businesses to interact
in new and different ways with a larger number of members, customers, employees,
suppliers and partners. As use of the Internet grows, associations, individuals
and businesses are increasing the breadth and depth of their Internet product
and service offerings. Pioneering Internet-based organizations have developed
Internet products and services in areas such as finance, insurance, media,
tourism, retail and advertising. Other organizations have begun to use the
Internet for an expanding variety of applications, ranging from corporate or
association publicity and advertising, to sales, distribution, customer service,
employee training and communication with partners. Increasingly, Internet
operations are becoming mission-critical for many of these enterprises. To
ensure the reliability of their Internet operations, enterprises are requiring
that these operations have high performance standards, scalability and expert
management 24 hours a day, 7 days a week.

Enterprises generally utilize two types of Internet services: connectivity and
valued-added services. Connectivity services provide access to the Internet,
while value-added services consist of products such as Web design and hosting,
electronic commerce services, and communication services that improve the
internal and external operations of an enterprise. Internet connectivity and
value-added services represent two of the fastest growing segments of the
telecommunications services market. The availability of Internet access
advancements in technologies required to navigating the Internet and the
proliferation of content and applications available over the Internet have
attracted a growing number of Internet users.

The Internet service provider market is segmented into large national or
multinational providers with large high speed networks and regional or local
ISPs who enlist subscribers under their own names but typically rely upon the
larger providers for Internet access. The largest providers, like AT&T, have
what are referred to as "tier one" networks, which exchange Internet traffic
cost-free, at multiple public peering points, as well as through private peering
arrangements. As the number of ISPs has grown, the requirements to become a tier
one network have also increased. It has therefore become more difficult to
achieve tier one provider status. Regional and local ISPs typically purchase
access to the Internet, and invest in the equipment and personnel necessary to
provide products and services, customized hands-on support, and bear the cost of
marketing. Since regional and local ISPs often have limited financial resources,
the range of products and services they can offer is often limited.


<PAGE>
As is typical in the case of a new and rapidly evolving industry, the Internet
is characterized by rapidly changing technology, evolving industry standards and
frequent new product and service introductions. Demand for recently introduced
products and services are subject to a level of uncertainty. Despite growing
interest in the many uses of the Internet some potential users could be deterred
from purchasing Internet access services because of a perceived inconsistent
quality of service, the need to deal with multiple and frequently incompatible
vendors, and perceived inadequate protection of the confidentiality of stored
data and information moving across the Internet. In particular, a perceived lack
of security of commercial data, such as credit card numbers, could impede
commercial exploitation of the Internet. There can be no assurance that
encryption or other technologies will satisfactorily address these security
concerns. The adoption of the Internet for commerce and communications,
particularly by those individuals and enterprises which have historically relied
upon alternative means of commerce and communication, generally requires the
understanding and acceptance of a new way of conducting business.

OUR BUSINESS STRATEGY

Our business strategy is to combine the global scale of tier one providers with
the local presence of regional and local resellers of Internet products and Long
Distance Voice services. We provide affordable connectivity on a global scale by
contracting with Qwest, UUNET, Broadwing and MegaPop, leading tier one
providers, for access to their Internet network at a fixed monthly fee per
end-user. We contract with several Long Distance carriers who have excess
capacity and we acquire wholesale rates based on the amount of traffic we are
purchasing.  We enable associations, membership sales organizations and other
affinity groups to create revenue and sales programs by offering their members
high quality communications products and services without the investment in
technology, equipment and personnel that would ordinarily be required to
establish this kind of service. We enable existing regional and local ISPs to
reduce and control their costs, focus their energies on sales and enhance their
marketing by providing a variety of products and services and high quality
support services at affordable rates which are resold to their customers. In
effect, we enable associations, membership sales organizations and ISPs to
become virtual communications resellers who market under their own name products
and services which they purchase from us.

We anticipate that a majority of the end-users of our services will be derived
from resellers of our products and services. Therefore, to a large extent, our
ability to grow depends upon the resources and dedication which resellers are
willing to commit to marketing our services. Our current business strategy also
depends upon being able to charge for services rendered to realize recurring
revenues. We believe that the practice of offering free Internet Access will not
become prevalent among the customers we are targeting. If our belief is
erroneous, we would be required to develop a different approach to marketing our
products and services. Much of our anticipated growth will be derived from the
sale of our electronic commerce related products. Our ability to grow also
depends upon the increasing acceptance of electronic commerce and the
reliability of the inventory, billing and delivery systems utilized by
electronic commerce vendors.

MARKETS

In late 2000 we recognized the cost effective marketing potential of the
Internet to assist us in our growth plans. We created an agent marketing
operation based exclusively on the Internet to reach the end users and
communicate with our authorized agent network. Our initial goal was to expand
our marketing reach by increasing the number of independent agents working with
us while we remained focused on expanding the number of products and services
that these agents could sell to the customer base. To aid in maintaining our
goal of controlled growth, we deployed a self replicating web management system.
This internally developed proprietary technology dynamically created a
personalized web based destination for each new agent immediately upon receipt
of their signed contract. We developed and launched our own proprietary billing
system known as WEBBS(sm) (Web Enabled Back-office Business Systems) which
assists us in achieving total control of all record keeping and reporting.
WEBBS(sm) maintains live up-to-date information regarding customer details,
their status, frequently asked questions and customer service issues. We
embraced a strategy of enabling each agent to sell internet and
telecommunications services as independent contractors and to recruit new
agents. The original agent receives an override on sales generated by them and
the agents they recruit as their down-line. Our commission structure enables our
agents to earn recurring revenues without requiring them to develop the
necessary infrastructure. Our direct agents are required to commit to
significant minimum levels of sales achievement to maintain their direct
relationship with our company. Each agent can view their records, sales activity
and account status on their accounts and those of their down-line relationships,
through WEBBS(sm).


<PAGE>
In addition to our agent network and direct sales efforts, we developed and
deployed a variety of affiliate programs.  Utilizing these programs, large
affiliate organizations such as religious groups, trade organizations, and a
variety of membership businesses can be utilized for commission sharing.

We focus on three market segments: Associations; membership marketing companies
with existing customer bases; and, regional and local ISPs.

ASSOCIATIONS: There are numerous non-profit Associations and a number of other
affinity groups in the United States. These organizations regularly communicate
with established membership groups composed of persons with common interests. We
offer these organizations a means to communicate with their members and to
provide membership services. In addition, our connectivity services generate
subscription income and our electronic commerce products provide organizations
that are dependent upon membership dues for their revenues with opportunities to
realize non-dues revenue without large up-front capital investments.

MEMBERSHIP MARKETING COMPANIES. There are many large membership-marketing
businesses in the United States with established customer bases. To these
businesses we offer sales programs with opportunities for recurring profits, low
barriers of entry and opportunities to build brand equity.

REGIONAL AND LOCAL ISPS: There are more than 8,100 ISPs in the United States,
according to Thelist.com. We offer these ISPs the opportunity to control their
costs by purchasing connectivity and other products and services under their own
name and brand at a fixed price for each end-user.  This allows the ISPs to
focus on marketing, and provides them with a broader range of products and
services they might otherwise not be able to offer.

SALES

Our direct sales force consists of two staff members dedicated to Association
and membership sales and additional employees dedicated to the sale of Web site
design, Web site hosting, electronic mail services and other value added
products. In addition, we utilize indirect sales channels, principally through
our vendor's network sales force, Trade Associations and other affinity groups
to supplement our direct sales force.

PRODUCTS AND SERVICES

We offer a variety of Internet services including connectivity, electronic mail
services, electronic commerce services, Web hosting and Web site design. We
intend to develop a broader range of value added solutions and services
independently, through acquisitions, and through strategic relationships with
providers. Following is a description of the products and services we currently
offer to our customers.

CONNECTIVITY

We offer a variety of Internet access solutions; providing basic connectivity to
the Internet, as well as value-added products and services, such as e-mail, that
enable our customers to expand their basic Internet connectivity capability. We
currently offer both analog and integrated services digital network dial-up
(ISDN) access at speeds up to 128 Kbps. We provide this access at local
telephone rates via a combined network utilizing services from UUNET, MegaPop,
Broadwing and Qwest which provides approximately 6,500 points of presence
throughout the United States and parts of Canada. We also offer frame relay,
dedicated connectivity, and Point-To-Point service.  Our Flex T-1(TM) Frame
Relay Account offers access to T-1 lines on an as needed basis with bandwidths
ranging from 256 Kbps to capacities in excess of 1024 Kbps. We offer a Digital
Subscriber Line (DSL) service that permits access to the Internet at up to 1.5
Mbps. These services accommodate connectivity requirements of Internet users
ranging from the single user with a computer in his or her home, to work groups
and businesses with multiple users.

Although the available services are identical, pricing for our connectivity
service is dependent on whether the customer is retail or wholesale based.
Retail customers are end-users that purchase and utilize our dial up
connectivity services directly. Wholesale customers are businesses and
associations that resell our services to end-users. We currently charge each
retail customer a monthly fee ranging between $17.95, for our basic analog
service, and $39.95, for our premium ISDN access. As of December 31, 2001, we
had approximately 2,900 retail customers which accounted for 65% of our overall
connectivity customers.


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Our wholesale customers are charged a monthly fee on a sliding scale based on
the number of users utilizing our connectivity services through a unique
wholesale customer. At current usage levels, wholesale customers with fewer than
50,000 users are charged $11 per user, per month. As the number of subscribers
brought to us by unique wholesale resellers increases beyond 50,000, the monthly
charge per user will decrease until it reaches the minimum of $5.95 per
customer, per month for 250,000 or more users. At December 31, 2002, we had 9
wholesale customers that resell our services to approximately 4,000 end-users
who represent 35% of our connectivity customers.

CUSTOM SITE DESIGN

Web site design is the development of the content that will be displayed on the
Web site when it is being viewed on the Internet. We design Web sites that
convey our customers' marketing messages. Our services range from the
development of a basic Web page to the development of a sophisticated e-commerce
Web site. In addition, we provide domain name registration, place Web site
information in search engines, issue electronic press releases and track the
detailed use of each site. We also offer co-linking of non-competing Web sites,
banner advertisements on Web sites and links to cyber malls, associations and
groups. Our pricing for Web site design is based upon the time required and the
materials used to design the site.  Currently, this is a value added service to
our customers and not a division promoted as a stand alone service.

WEB SITE HOSTING

We offer our customers several options for hosting their Web sites. A customer
can share space on a server which also hosts the Web sites of other customers.
If a customer chooses, we can provide a separate server dedicated to that
customer's Web site. A Web site provides a company with a tangible identity and
interactive presence on the Internet. The site allows a company to post
information about itself that is easily accessible to all Internet users. Web
sites are also the basis for providing electronic commerce, where a company can
advertise and sell its products and services. We offer a comprehensive range of
basic Web site hosting products, as well as a growing suite of enhanced Web site
hosting products including electronic commerce solutions. Generally, our
customers elect to rely upon us to provide the hardware and software that is
necessary to host a Web site. We provide these services from a reliable data
center environment. We offer 9 Web site hosting plans, the largest of which
provides up to 5,000 megabytes of data transfer per month and up to 50 megabytes
of disk storage on servers located at dedicated space in the Exodus network
operations center and our own network operations center (NOC) in Fremont Ohio.
The Exodus center is maintained and serviced by on-site technical personnel 24
hours a day, 7 days a week. Our monthly fees for our plans range from $9.95 to
$99.95 per site.

We also offer co-location services to customers who have the resources to manage
their own servers and Web sites and who prefer not to share a server with
others. Co-location customers receive the benefits of having their servers
housed in the (NOC), uninterrupted power supply, daily tape back-up and the
availability of a catastrophic recovery process. We charge each co-location
customer an initial set up fee of $150. Thereafter, our monthly rates range
between $495 (for our basic monthly service plan) and $645 (for our premium
monthly service plan).

ELECTRONIC COMMERCE

Electronic commerce is the execution of commercial transactions over the
Internet. Our electronic commerce services provide businesses the ability to
sell products and services on the Internet. We create links to our customers'
Web sites bringing purchasers into our customers' on-line stores. Our e-commerce
service displays products, takes purchase orders for specified quantities of
each product ordered, collects billing addresses, credit card information and
shipping information, chooses a shipping method, forwards this data to the
seller for completion of each order, and prepares a confirmation of each order
for the purchaser. Our servers deploy the latest encryption software and digital
signature solutions in order to protect the security of our customers'
electronic commerce transactions. Each secure Web Site has its own VeriSign
Digital ID or equivalent and dedicated payment system. We work directly with
each customer's bank to ensure secure, complete technology transfer while
maintaining secure data protection schemes. All customer information is housed
on dedicated machines and protected from unauthorized access by our internal
firewall. Our system is flexible and permits sellers to add, delete or modify
products, add pricing variations, change product descriptions, update prices,
and offer different pricing levels or volume discounts. Our platform also
enables clients to conduct electronic auctions and to merchandise products in
various other ways. Our prices for providing electronic commerce services range
from $99 to $249 per month, depending on the complexity of the services desired
by our customers.


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We have also begun to utilize our electronic commerce platform to sell products
ourselves. We are currently offering a series of educational courses delivered
over the Internet and are developing a range of Long Distance and Calling Card
products. We are negotiating arrangements to obtain other products for sale.

OTHER SERVICES

We offer a variety of other services, which enable communication over the
Internet. These include virtual hosting of electronic mail. This allows users to
maintain their own domains while housing their e-mail on our servers. We offer
the filtering of unsolicited e-mail. Our List Serve Management product enables
the broadcast of e-mail to an established user group. Our E-Share product
provides centralized controlled communication among a specified group of people.
It is used to conduct training sessions electronically, thereby eliminating the
travel and related costs associated with live sessions. Our Web board product is
used to post messages to members of a closed group and allows recipients of
messages to respond. We offer our customers various combinations of these
services which we call packages. We charge our customers a monthly fee per user
per package, which varies from $0.10 to $0.50 depending on the complexity of the
package.

CUSTOMERS

We provide value added services to Associations. Our association customers
include the, Fusion Productions, International Right of Way Association, The
Rutherford B. Hayes Presidential Center, and the National Association of
Enrolled Agents.

At December 31, 2002 we had approximately 11,000 users of our services.
Approximately 3,800 of these were retail customers, and approximately 7,100 were
users who came to us through wholesale customers. Retail customers are end-users
that purchase and utilize our services directly, while wholesale customers are
businesses and associations that resell our services to end-users. At present
65% of our revenues are derived from retail customers and 35% from users who
came to us though our wholesale customers.

CAPACITY

We define "capacity" to be the number of customers and the amount of usage which
our equipment and systems can service efficiently. As our business grows, we
attempt to assure that our servers and other equipment are adequate for a larger
customer base and for increased usage by each of those customers. Web site
hosing is the principal activity for which we must monitor the capacity of our
equipment. Our ability to provide hosting services is directly impacted by the
capacity and the number of servers available to us. At present, we have 20
servers, and estimate that at peak usage our facilities are 25% utilized. Based
on our customers' historical average usage, our current capacity is sufficient
to provide hosting services to more than 100,000 subscribers. Based on our
arrangements with Exodus and UUNET, both major providers of bandwidth, we have
access to sufficient bandwidth to meet our foreseeable needs.

 In the future, our ability to service increasing numbers of customers depends
in part upon our ability to issue bills to, and collect payments from, large
numbers of customers. To that end, the company has standardized its Internet
billing systems on Rodopi software and has purchased enough licenses to address
our current and expected near future requirements.  The license requires no
minimum annual payments of any kind. The software is database driven on our own
infrastructure and enables us to automatically bill end-users for Internet
related services that we provide. We expect Rodopi to significantly enhance our
efficiency as we build our customer base by reducing the amount of time and
manpower required to manage our customer billings.  Our Long Distance end users
are billed through our proprietary package WEBBS(sm).

COMPETITION

Though there are no substantial barriers to entry, the business of providing
Internet connectivity and Long Distance services and solutions is a highly
competitive one.   We believe that competition will intensify in the future, and
our ability to successfully compete depends on a number of factors, including
the:

- Capacity, reliability and security of the networks with which we interconnect;

- pricing structures of our services;


<PAGE>
- Expansion of the variety of products and services we offer;

- Ability to adapt our products and services to new technological developments;

- Ability to build and maintain a larger, knowledgeable and effective sales
force;

- Our ability to implement broad and effective distribution channels; and

- Principal market and economic trends.


Current and prospective competitors include:

- National, regional and local ISPs;

- Long distance and local telecommunications providers;

- Cable television companies; and

- Web site hosting providers.

Major long distance companies currently offer Internet access services and major
cable companies.  Companies using wireless terrestrial and satellite-based
technologies are expected to offer Internet connectivity and related services in
the near future. Such competitors have the ability to bundle Internet
connectivity with other services such as local and long distance
telecommunications. This bundling could adversely affect our ability to compete
and could result in a downward pressure on our prices that could adversely
affect our business, financial condition and results of operations.

More particularly as providers of connectivity, we compete with MSN, MegaPop,
UUNet, Earthlink, and AOL. We are also dependent upon Qwest, UUNET, Broadwing
and MegaPop for access to the Internet. Thus we are both a source of end-users
and a competitor for customers of these networks. Our current relationships with
these networks have allowed us to negotiate relationships that give us access at
a cost allowing us to price our products competitively. If these relationships
were to be terminated or substantially amended our ability to provide and
maintain competitive prices to our customers could be materially and adversely
affected. Please refer to Risk Factors - We are Dependent on Qwest, UUNET,
Broadwing, and MegaPop for Access to the Internet Network. In the area of Web
site design we compete with USWeb. Big Planet is a direct competitor in the
business of providing packaged Internet services to Associations. Each of these
competitors has significantly greater market presence, established brand
recognition, financial, technical and personnel resources than we have.

We do not have available information which would permit us to accurately measure
our market share. However, several major ISPs have reported that they have
millions of end-users each; compared to the approximately 11,000 end-users we
have at present. In the area of Web site design, and the business of providing
packaged Internet services to Associations, a number of our competitors report
significantly greater revenues, and we believe that we represent substantially
less than 1% of these market sectors. We strive to differentiate ourselves from
our competitors by:

- offering lower prices made possible by our lower overhead;

- focus on superior customer service;

- our ability to quickly adapt to new developments in our industry resulting
from the small size of our organization; and

- offering the high quality Qwest, UUNET, Broadwing, Global Crossing, Touch
America and MegaPop network backbones which many of our other competitors do not
offer.

EMPLOYEES


<PAGE>
As of December 31, 2002 we had 13 full time employees categorized as follows:

-  3 full time employees in sales and marketing;

-  4 full time technical personnel;

-  2 full time employees in product development; and

-  4 full time in administration staff.

There are no collective bargaining agreements in effect. We believe the
relations with our employees are good.

INTELLECTUAL PROPERTY

We have no patented technology that would preclude or inhibit competitors from
entering our market. We have entered into confidentiality and invention
assignment agreements with our employees to limit access to and disclosure of
our proprietary information. We intend to apply for copyrights as we develop new
products and solutions. There can be no assurance that these measures will prove
sufficient to prevent misappropriation of our intellectual property or to deter
independent third-party development of similar products.

REGULATION

Our operations are not currently subject to direct regulation by governmental
agencies other than regulations applicable to businesses generally. As use of
the Internet continues to grow, jurisdictions in which we operate may adopt
regulations relating to prices charged users, content, privacy, intellectual
property protection, libel or other matters. If adopted, such regulations could
significantly affect our results of operations

INVESTMENTS

Gravity Pilot Air, Inc., one of our wholly-owned subsidiaries whose operations
were discontinued and all assets liquidated at the end of 2000, originally owned
two airplanes that it leased to a skydiving company. In December 1999, the
aircraft's lessee was 5 months in arrears on its lease payments. We engaged
counsel to pursue all available remedies against the lessee, including retaking
possession of the aircraft. On March 18, 2000, a shareholder of the lessee
agreed to participate in a settlement agreement whereby he would pay $300,000 to
bring current the past due lease payments and to settle various other matters.
In addition, the lessee relinquished possession of the airplanes. Following the
execution of the settlement agreement we sold one of the airplanes for
approximately $710,000. Unfortunately, the shareholder breached the agreement.
We perfected a confessed judgment in the local jurisdiction in the amount of
$263,000 against any and all of his personal assets. A preliminary investigation
was conducted and assets sufficient to satisfy this judgment could not be
located. We are continuing to pursue every legal option available to recover the
debt owed.

RISK FACTORS

You should consider carefully the risks described below and other information in
this Form 10-KSB. If any of the events identified in the following risk factors
actually occur, they could materially adversely affect our business, financial
condition and results of operations.

We Have a History of Losses and Cannot Be Certain We will Achieve Positive Cash
Flow

Since inception, we have incurred significant operating losses and negative cash
flow from operations.  We are likely to continue to incur significant additional
losses in the intermediate term.

Even thereafter, we cannot be certain that we will achieve or sustain positive
cash flow or profitability from our operations. Our net losses and negative cash
flow from operating activities are likely to continue even longer than we
currently anticipate if:

- We can not establish and maintain a customer base that generates sufficient
revenue;

- Prices for our products or services decline faster than we have anticipated;


<PAGE>
- We can not remain competitive in the innovation and quality of our products;

- We can not attract and retain qualified personnel;

Our ability to achieve our objectives is subject to financial, competitive,
regulatory, legal, technical and other factors, many of which are beyond our
control.

PURCHASES AND SALES OF OUR STOCK ARE SUBJECT TO PENNY STOCK REGULATIONS

Our stock has had a market price of less than $5.00 per share. The SEC has
adopted regulations which generally define "penny stock" to be any equity
security that has a market price (as defined) less than $5.00 per share or an
exercise price less than $5.00 per share, subject to certain exceptions. During
periods when our common stock does not qualify for inclusion on the NASDAQ Small
Cap Market or is removed there from, the common stock may become subject to
rules that impose additional sales practice requirements on broker-dealers who
sell such securities to persons other than established customers and accredited
investors (generally those with assets in excess of $1,000,000 or annual income
exceeding $200,000, or $300,000 together with their spouse). For transactions
covered by these rules, the broker-dealer must make a special suitability
determination for the purchase of such securities and have received the
purchaser's written consent to the transaction prior to the purchase.
Additionally, for any transaction involving a penny stock, unless exempt, the
rules require the delivery, prior to the transaction, of a disclosure schedule
prepared by the SEC relating to the penny stock market. The broker-dealer also
must disclose the commissions payable to both the broker-dealer and the
registered representative, current quotations for the securities and, if the
broker-dealer is the sole market-maker, the broker-dealer must disclose this
fact and the broker-dealer's presumed control over the market. Finally, monthly
statements must be sent disclosing recent price information for the penny stock
held in the account and information on the limited market in penny stocks.
Consequently, the "penny stock" rules may restrict the ability of broker-dealers
to sell our common stock and may affect the ability of investors to sell our
common stock in the public market. Our Limited Operating History makes it
Difficult to Assess Our Past Performance and Future Prospects

You have limited historical operating and financial information on which to base
your evaluation of our performance and our prospects. We have acquired five
companies since the beginning of 1999 and disposed of substantially, all of the
businesses in which we were engaged in prior years. This limits the
comparability of our operating and financial information from period to period.

You should consider our prospects in light of the substantial risks, expenses,
uncertainties and difficulties frequently encountered by companies in the new
and rapidly evolving markets for Internet products and services. Such risks
include the possibility that:

- We may be unable to increase and sustain levels of interest in our products
and services by Associations, membership marketing companies and ISPs;

- We may fail to sell our products successfully through our direct sales force;

- Our competitors may develop services or products similar or superior to our
own;

- Market prices for our products and services may fall as a result of
competition or other factors;

- We may be unable to identify, attract, motivate and retain qualified
personnel; and

- We may fail to fully integrate our existing operations the technology and
operations with any of the businesses that we might acquire.

We cannot be sure that we will be successful in addressing such risks, and the
failure to do so could have a material adverse impact on our business, financial
condition and results of operation.

WE ARE DEPENDENT ON QWEST, UUNET AND MEGAPOP FOR ACCESS TO THE INTERNET NETWORK


<PAGE>
Our ability to offer end-user access to a tier one Voice and Internet network on
an affordable basis is dependent upon our relationship with Qwest, UUNET,
Broadwing, Global Crossing and MegaPop. This enables us to offer connectivity to
multiple tier one networks for which we pay only when end-users subscribe for
our services. If these relationships were to be terminated, or if the terms were
to be substantially amended, we might be required to enter into arrangements for
bandwidth with other providers on less favorable terms. There is no assurance
that we would be able to purchase connectivity on comparable terms and there is
no assurance that we would be able to pass on additional costs to our customers.
Our inability to obtain bandwidth on comparable terms could materially and
adversely affect our business, financial condition and results of operations.

WE RELY ON OTHERS TO MARKET OUR PRODUCTS AND SERVICES TO END-USERS

We believe that we will derive the majority of our recurring revenues from
subscription fees and fees for value added services paid by end-users of our
products and services. The amount of these revenues is dependent upon the level
of success achieved by Associations, membership marketing companies and ISPs in
marketing our products and services to their members and customers. Most of our
contractual relationships with Associations were formed recently and have not
yet generated substantial sales to end-users. Thus, we are not yet in a position
to assess whether our products and services will gain acceptance among the
members of these Associations or whether these Associations will invest the
resources necessary to market our products and services successfully. If sales
to end-users do not meet our expectations, our business would be adversely
affected and we would be required to develop alternate marketing and sales
strategies. We Are Subject to Risks As We Make Acquisitions and Engage in
Strategic Alliances

As part of our business strategy, we may acquire, make investments in, or enter
into strategic alliances with companies in complementary businesses, so as to
optimize our market presence in the regions we presently serve and expand into
other regions. In particular, we intend to acquire local and regional ISPs and
E-commerce companies. Any such future acquisitions, investments or strategic
alliances would involve risks, such as

- Incorrect assessment of the value, strengths and weaknesses of acquisition and
investment opportunities;

- Underestimating the difficulty of integrating the operations and personnel of
newly acquired companies;

- Potential disruption of our ongoing business, including possible diversions of
resources and management time;

- Potential inability to maintain uniform standards, control, procedures and
policies;

- And the threat of impairing relationships with employees and customers as a
result of changes in management or ownership.

We cannot assure that we will be successful in overcoming these risks. Moreover,
we cannot be certain that any desired acquisition, investment or strategic
alliance could be made in a timely manner or on terms and conditions acceptable
to us. Neither can we assure that we will be successful in identifying
attractive acquisition candidates. We expect that competition for such
acquisitions may be significant. Competition for Internet companies is based on
a number of factors including price, terms and conditions, size, access to
capital, and ability to offer cash, stock or other forms of consideration. We
may compete with others who have similar acquisition strategies, many of whom
may be larger and have access to greater financial and other resources than
those available to us at any given time.

An additional risk associated with acquisitions is that many attractive
acquisition candidates do not have audited financial statements and have varying
degrees of internal controls. Although we may believe that the available
financial information for a particular business is reliable, we cannot guarantee
that a subsequent audit would not reveal matters of significance, including but
not limited to those in connection with liabilities, contingent or otherwise. We
expect that, from time to time in the future, we will enter into acquisition
agreements, the pro forma effect of which are not known and cannot be predicted.

WE MAY HAVE DIFFICULTY MANAGING OUR RAPID GROWTH


<PAGE>
Our growth strategy has placed, and will continue to place, a significant strain
on our customer support, sales and marketing, administrative resources, network
and operations, and management and billing systems. Such a strain on our
administrative and operational capabilities could adversely affect the quality
of our services and our ability to collect revenues. To manage our growth
effectively, we will have to enhance the efficiency of our operational support,
all back office processes and financial systems and controls. We cannot assure
that we will be able to maintain adequate internal operating, administrative and
financial systems, and procedures and controls.

Managing our growth will become even more challenging as we expand our target
markets and our product and service offerings. Promotion and enhancement of our
products and services will depend largely on our success in continuing to
provide high quality Internet communications services, solution and product
support. We cannot guarantee that we will be able to maintain those levels of
quality. If we are unable to do so or otherwise fail to promote and maintain our
products or services, or if we incur excessive expenses in an attempt to improve
our services or promote and maintain our products, then our business, results of
operations and financial condition could be materially and adversely affected.

In addition, as we continue to grow we will have to expand and train our
employee base to handle the increased volume and complexities of our business.
We cannot assure that we will be able to attract, train and manage sufficient
personnel to keep pace with our growth.

SALES OF SHARES BY OUR SHAREHOLDERS COULD DEPRESS OUR STOCK PRICE

The market price of our common stock could drop as a result of sales of a large
number of our shares in the public market. The perception that such sales may
occur could have the same effect. As of January 31, 2003, our executive officers
and directors affiliates owned, directly or indirectly, approximately 34.6 % of
our common stock.

WE ARE SUBJECT TO SECURITY AND FRAUD RISKS

Despite our efforts to implement network security measures, such as limiting
physical and network access to our computers, our Internet infrastructure is
vulnerable to computer viruses, break-ins and similar disruptive problems caused
by customers, employees or other Internet users. Computer viruses, break-ins or
other disruptive or security problems could lead to interruptions, delays or
cessation in service to our Internet customers. Further, such inappropriate or
unauthorized use of the Internet could also potentially jeopardize the security
of confidential information stored in the computer systems of our customers and
other parties connected to the Internet, which may deter potential customers and
give rise to liability to users whose security or privacy has been violated. The
security and privacy concerns of existing and potential customers may inhibit
the growth of the Internet service industry in general and our customer base and
revenues in particular. A significant security breach could result in a loss of
customers, damage to our reputation, direct damages, costs of repair and
detection and other expenses. In addition, our revenues for any given period may
be adversely affected by fraud or debt collection problems that we experience.
The occurrence of any of these events could have a material adverse effect our
business, results of operations and financial condition.

WE MAY BE HURT BY SYSTEM FAILURES

Our success is largely dependent upon our ability to deliver high speed,
uninterrupted access to the Internet. Any system failure that causes
interruptions in our operations could have a material adverse effect on us. We
currently rely upon our vendor's Internet Network. Failures in this or any other
telecommunications network on which we rely would result in customers' receiving
no or diminished access to the Internet.

WE COULD BE HELD LIABLE FOR INFORMATION DISSEMINATED OVER OUR NETWORK

The law relating to the liability of ISPs for information and materials carried
on or disseminated through their networks has not been completely clarified. The
possibility that courts could impose liability for information or material
carried on or disseminated through our network could require us to take measures
to reduce our exposure to such liability. Such measures may require us to spend
substantial resources or to discontinue certain product or service offerings.
Any of these actions could have a material adverse effect on our business,
operating results and financial condition.


<PAGE>
Due to the increasing use of the Internet, it is possible that additional laws
and regulations may be adopted with respect to the Internet covering issues such
as user privacy, pricing, taxes, defamation, obscenity, intellectual property
protection, consumer protection, technology export and other controls. Changes
in the regulatory environment relating to the Internet services industry could
have a material adverse effect on our business, results of operation and
financial condition.

WE ARE SUBJECT TO INTELLECTUAL PROPERTY RISKS

Legal standards relating to the validity, enforceability and scope of protection
of intellectual property rights in Internet-related industries are uncertain and
still evolving and we cannot be certain as to the future viability or value of
any of our intellectual property rights or those of other companies within the
IT industry. We cannot assure that the steps we have taken to protect our
intellectual property rights will be adequate or that third parties will not
infringe or misappropriate our proprietary rights. Any such infringement or
misappropriation, should it occur, could have a material adverse effect on our
business, results of operations and financial condition. Furthermore, we cannot
be certain that our business activities will not infringe the proprietary rights
of others or that such other parties will not assert infringement claims against
us. We anticipate that we may be subject to claims in the ordinary course of our
business, including claims of alleged infringement of the trademarks and other
intellectual property rights of third parties due to the dissemination of our
content or the provision of access by our online services to content made
available by third parties. Such claims and any resultant litigation, should it
occur, could subject us to significant liability for damages and could result in
invalidation of our property rights and, even if not meritorious, could be
time-consuming and expensive to defend, and could result in the diversion of
management time and attention, any of which could have a material adverse effect
on our business, results of operations and financial condition.

We regard substantial elements of our products and services as proprietary and
we attempt to protect them by relying on trademark, service mark, trade dress,
copyright and trade secret laws and restrictions on disclosure and transfer of
title. We also enter into confidentiality agreements with our employees,
suppliers, distributors, consultants, vendors and customer and license
agreements with third parties and generally seek to control access to and
distribution of our technology, documentation and other proprietary information.
We are pursuing the registration of our service marks, but we currently have no
patents or applications for patents pending for our products or services.
Effective service mark, copyright and trade secret protection may not be
available.

WE ARE SUBJECT TO THE RISKS ASSOCIATED WITH RAPID INDUSTRY CHANGES

The Internet services industry in which we operate is characterized by rapidly
changing technology, evolving industry standards, emerging competition and
frequent new service, software and other product innovations. We cannot
guarantee that we will be able to identify new service opportunities
successfully and develop and bring new products and services to market in a
timely and cost-effective manner, or that product, software and services or
technologies developed by others will not render our products and services
non-competitive or obsolete. In addition, we cannot provide any assurance that
our product or service developments or enhancements will achieve or sustain
market acceptance or be able to address effectively the compatibility and
interoperability issues raised by technological changes or new industry
standards.

WE DO NOT EXPECT TO PAY DIVIDENDS

The Company does not anticipate paying cash dividends in the foreseeable future.

ITEM 2. DESCRIPTION OF PROPERTY

Our headquarters is located at 30 West Gude Drive, Suite 470, Rockville,
Maryland 20850, where we share approximately 13,000 square feet of office space.
The month-to-month term of the lease commenced on August 1, 2002 and the monthly
rent is $3000.00.

We leased 450 square feet of office space in Sandusky, Ohio at an annual rental
of $3,750, and approximately 2,800 square feet in Fremont, Ohio at an annual
rental of $16,800. The properties were subject to one-year leases that expired
on July 31, 2002 however they continued on a month to month basis until December
31, 2003 and are no longer being utilized.


<FILE>
We sub-lease approximately 300 square feet at Exodus Center for use as our data
warehousing facility. The lease has a one-year renewable term and we pay rent at
the rate of $21,000 per year. The facility has more than one gigabyte of
Internet bandwidth available to us, allowing us to provide hosting services on a
"pay as you go" basis.

ITEM 3. LEGAL PROCEEDINGS

From time to time we are involved in litigation incidental to the conduct of our
business. We are not currently a party to any lawsuit or proceeding which, in
the opinion of management, is likely to have a material adverse effect on our
business, financial condition or results of operations.  We are pursuing through
legal channels the collection of several cases, one in the amount of $3,400,000
where we have a default judgment against St. Andrews Telecommunications and are
investigating the possibility of pursuing the management and shareholders to
collect.  We have filed in District Court in Montgomery County MD a suit to
collect $337,000 by Zenex Telecommunications; this debt has a signed promissory
note and guarantee from the public company parent Zenex International.

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

The annual shareholder meeting has been postponed to date in the near future.


                                     PART II


ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Shares of our common stock, par value $.001, were initially available to the
public October 10, 1998 trading on the OTC Bulletin Board under the symbol
"HALO".  On May 24, 1999 the board of directors and shareholders approved a name
change to A1 Internet.com Inc. and the symbol was changed to "AWON".

On January 4, 1999, the SEC approved amendments to Rules of the National
Association of Securities Dealers that limit quotations on the OTC Bulletin
Board to the stock of companies that are registered with the SEC under the
Securities Exchange Act of 1934. The letter "E" is affixed to ticker symbols of
those companies that have not completed the registration process with the SEC as
of a certain date and indicates that the affected company will be removed from
the OTC Bulletin board within 30 days. On November 19, 1999, an "E" was affixed
to our OTC Bulletin Board trading symbol and our common stock began trading
under the symbol "AWONE." Our common stock was removed from the OTC Bulletin
Board on December 16, 1999, because we had not then completed the registration
process, and began trading on the "Pink Sheets" of the National Quotation
Bureau, LLC. The closing price of our common stock on the OTC Bulletin Board was
6-3/4 as of December 15, 1999.

In March 2000, we completed our registration under the Securities Exchange Act
of 1934, as amended. On March 20, 2000, our common stock was once again listed
on the OTC Bulletin Board and began trading under the symbol "AWON." In late
2000 an "E" was affixed to our OTC Bulletin Board trading symbol and our common
stock began trading under the symbol "AWONE.  The closing price of our common
stock on the "Pink Sheets" of the National Quotation Bureau, LLC was $.26 as of
December 31, 2001.  On March 22, 2002 our common stock was again listed on the
OTC Bulletin Board and began trading under the symbol "WTEQ" to reflect our name
change, the closing price of our common stock on the OTC was $.08 as of December
31, 2002.

We have not declared any cash dividends on the common stock. We intend to retain
future earnings, if any, for use in our business and do not anticipate paying
regular cash dividends on the common stock. The following table sets forth, on a
per share basis, the high and low sale prices for our common stock as reported
by the OTC Bulletin Board Market, for the periods indicated. Such prices reflect
inter-dealer prices, without retail mark-up, mark-down or commission, and do not
necessarily represent actual transactions.


<PAGE>
<TABLE>
<CAPTION>
                                                           HIGH          LOW
                                                         --------     --------
<S>                                                      <C>          <C>
1998
  1st Quarter                                             $5.00        $ 3.750
1999
  1st Quarter                                            $7.500        $ 1.000
  2nd Quarter                                             8.000          5.130
  3rd Quarter                                             7.750          5.000
  4th Quarter                                             6.750          3.375
2000
  1st Quarter                                             5.000          2.750
  2nd Quarter                                             4.250          2.000
  3rd Quarter                                             3.750          2.250
  4th Quarter                                             2.375           .125
2001
  1st Quarter                                             0.531          0.125
  2nd Quarter                                             0.270          0.030
  3rd Quarter                                             0.050          0.010
  4th Quarter                                             0.350          0.030
2002
  1st Quarter                                             0.110          0.300
  2nd Quarter                                             0.170          0.430
  3rd Quarter                                             0.040          0.330
  4th Quarter                                             0.050          0.130
</TABLE>


We made the following sales of unregistered common stock during the year ended
December 31, 2002. All sales since that date were made by WorldTeq Group
International.

    DATE
  OF ISSUE   TITLE     PURCHASER        SHARES SOLD  CONSIDERATION    EXEMPTION
  --------- --------- ---------------   -----------  -------------   -----------

                           NO SALES WERE MADE DURING 2002


In connection with a private placement offering in July 1999 we are obligated to
issue warrants to the investors and the placement agents if gross sales of
$13,000,000 are not achieved as of specified dates.  During the time frame we
were $422,359 short of our goal and therefore the investors will receive 100,000
warrants and each placement agent will receive 50,000 warrants. These warrants
will have an exercise price of $2.75 and a term of five years from the date of
issuance.  As part of this private place warrants in the amount of 386,650
shares of common stock exercisable at $5.50 per share with 5 year expiration
were also issued.

During the year we exchanged 3,420,000 shares of our common stock to an officer
of our corporation in exchange for debt in the amount of $260,000.  These
securities were received by an accredited investor exempt from registration
under Section 4(2) of the Securities Act of 1933, as amended (the "Securities
Act") and are subject to registration restriction for a period of 2 years.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS

The following discussion and analysis of the financial condition and results of
operations should be read in conjunction with the financial statements, related
notes, and other detailed information included elsewhere in this Form 10-K.
Certain information contained below and elsewhere in this Form 10-KSB, including
information regarding our plans and strategy for our business, are
forward-looking statements. See "Note Regarding Forward-Looking Statements."

RECENT DEVELOPMENTS

Beginning in the fourth quarter of 2002, we began to modify our business plan to
better focus on our core competencies. In November of 2002 the Board of
Directors and Management decided to change the focus of several companies not
focused on our core competencies, with specific emphasis on cash flow and
profits.

The revised plan called for a restructuring that included 1) a change in our
staff with more experience in our industry, 2) accelerated migration of direct
customer sales staff to that of a contracted agent network, 3) discontinuation


<PAGE>
of unprofitable, low-margin business lines and 4) implementation of certain cost
reduction procedures. Implementation of this plan commenced in the first quarter
of 2003 and 5) consolidation of selected offices and centralization of our
Network Operations Centers and 6) deployment of a new web based enterprise-wide
reporting system accessible by all our offices 7) investigation into the sale of
one of our subsidiaries 8) launching of our financial services products.

2002 KEY ACCOMPLISHMENTS

Our strategy is to facilitate our continued expansion into emerging economies by
expanding telecommunications, wireless products, and local services for our
residential and small business customers and adding financial services products.
During 2002, we continued to take advantage of our strong technical abilities to
develop and deploy our own billing and provisioning systems.  We expanded our
strength in affinity communities by enhancing the services we offer. During 2002
some of our key accomplishments included:

1. Expansion of our available networks by contracting additional vendors which
incorporated the required infrastructure to offer VoIP, new local flat rate
programs, and wireless products.

2. Increased our success in the small and medium-sized business market through
the roll out of several new high demand products such as calling cards, Toll
Free services, 1 + dialing plans, and enhanced cost containment and management
services.

3. Enhancement of our Billing System, to take better control over our
provisioning and billing activities, thereby allowing us to provide service to a
greater number of people without increasing our overhead expense.

4. Creation of strategic agent relationships with several very successful
resellers already in the market place.

5. Acquisition of a selected asset customer base located in Kansas.

We believe these actions, combined with our commitment to cost containment and
focused sales, position us to be EBITDA and net income positive during 2003.

During the fourth quarter of 2002, we eliminated approximately four positions
within our various companies. This represented approximately 20% of our total
workforce at that time. The consolidation of Operations reflected our increased
focus on businesses that perform.  A portion of this reduction was related to
our decision to shift our customer service operations to an out-sourced based
arrangement.  This allowed us to achieve a fixed cost per subscriber to support
end-users.  During 2002 we made the decision to centralize our Internet
Operations and Management to Ohio.  This resulted in an 8% cost savings while
improving our ability to react quickly to network issues.  This shift also
allowed us to take advantage of a geographically based reduction in personnel
costs and overhead.  We have received several offers that the company is
considering for its NetWorld of Ohio operation.  The sale of this company would
reduce debt considerably and still allow the company to offer the same services;
management is considering 1 offer in particular that it feels will be accepted
in the very near future.

In the fourth quarter 2002, we began eliminating low margin wholesale business
in our product mix and focused on retail oriented projects.  This not only
improved margins, but created a longer term relationship with clients for
recurring revenue in our other departments.  This also freed up our resources to
focus on our internal needs to help control growth costs.  While we expect this
to reduce revenues it will allow us to maintain a higher return on investment
for our shareholders.  During the year we developed our own financial services
products such as a branded Debit card that we launched during the first quarter
of 2003, we expect this product to contribute significantly to our bottom line
profit during the upcoming year.

LIQUIDITY AND CAPITAL RESOURCES

FINANCIAL CONDITION

We have limited financial resources after our restructuring.  We have eliminated
non-productive assets and pared down our workforce to reduce overhead, we are
entertaining an offer to sell one of our subsidiaries which will reduce our debt
by nearly $400,000.  We have little long-term debt although our operating cash


<PAGE>
flow was negative in the fourth quarter of 2002; we believe it will be positive
for 2003.   We have not raised any capital through sales of stock in 2001 or
2002.  In 2001, we financed $400,521 negative operating cash flow with $529,359
in key shareholder loans and contributions to capital.  During 2002 we financed
negative operating cash flows of $154,887 with$150,524 in contributions to
capital and majority shareholder loans.

We believe 2003 will be a cash flow positive year, as our customer base has now
reached a greater than break-even point in monthly cash inflows.  Our base
continues to grow each month, and is diverse enough to avoid sudden
interruptions from cancellation by any single customer.  Our billing system
takes advance credit card payments and we are not dependent on any specific
future events to achieve a profitable 2003 year.

RESULTS OF OPERATIONS

Total sales for the year ending 2002 increased from 2001 by 34% to $4,221,968.
This was due to our successful sales efforts, the acquisition of St. Andrews
Telecommunications' selected customers, our focused efforts on growth and our
stable vendor relationships, as contrasted with the chaos and cut-throat
competition generally prevalent in the Internet and telecommunications
industries.  In addition, we added several sales agents in fiscal 2002 and new
affiliate and affinity programs.  As a result of the change of focus,
telecommunications revenue accounted for 79% of our total revenue for 2002.
The addition of new product offerings including wholesale services from a St.
Andrews reseller, and an increase in active telecommunications customers
accounted for majority of the increase.  Our net loss for the year ending 2002
was $536,797 or .03 per share which is an improvement of 48% over the period
ending December 31, 2001.  Our operating loss for the period ending December 31,
2002 was $493,749.

Cost of sales for 2002 increased from 2001 by 17%.  This is due to the increase
in revenue of our wholesale Telecommunications business. We believe our cost of
sales as a percentage of total sales will drop in 2003 as this is not an area we
intend to focus on.

Selling, General and Administrative expenses for the period ending December 31,
2002 decreased by $47,165 or 2% compared to the same period ending 2001.  Our
rapid growth rate produced some overhead costs that we do not believe will
repeat, including salaries, legal and accounting expenses.  We anticipate a drop
in total general and administrative costs in 2003 even with our change in sales
focus.  During the year we experienced $62,000 in one time charges associated
with the change in personnel in our Internet subsidiary in Ohio.

Our bad debt expense for 2002 totaled $667,981 the majority of which stems from
an account we acquired from the St. Andrews transaction.  The customer in
question has a corporate guarantee in place from the parent of the company owing
the debt and we are pursuing legal action, however we unsure if we will be able
to collect on it.  If we are successful this will also decrease payables by
$199,000.

Presently we have registered disputes with several of our vendors totaling,
$368,000 that management feels fairly confident these will be settled positively
for the company within the next 90 days which will impact our debt totals moving
forward.

Interest expense dropped by 28% to $44,194, depreciation expense dropped 43% and
totaled $47,532 for the period ending December 31, 2002.

Should we successfully conclude the sale of our subsidiary we will realize a one
time gain in 2003 plus a reduction in our overall debt total by approximately
$400,000.  This will make a significant impact on our operating margins and cash
flow for 2003, while still allowing the company to offer the same services but
as an agent with no costs associated with the service.

In May of 2002 we acquired a customer base from a company in Kansas, as part of
the transaction we placed 1,500,000 shares of our common stock in Escrow to
protect the company.  In August we filed suit charging fraudulent inducement
which resulted in a default judgment in the amount of $3,400,000.  The company
then filed chapter 7 liquidation, while we do not feel confident about
collecting on this judgment; we are pursuing our legal remedies against the
shareholders of the company and are confident that the 1,500,000 shares being
held in Escrow will be retired back to treasury in the upcoming year.


<PAGE>
To meet our growth expectations, we anticipate that we will need to add up to 5
additional employees in the areas of computer programming, marketing, and sales
over the next twelve months. We do not see a need to invest further in our
infrastructure to sustain our growth projections for the next 2 years.

ITEM 7. FINANCIAL STATEMENTS

Information with respect to this item is contained in the Consolidated Financial
Statements beginning on page F-1 of this Report. Such information is
incorporated herein by reference.

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

For the fiscal year ended December 31, 2002, we have retained Malone and Bailey
PLLC as our principal independent accountant who replaced Michael Johnson and
Co. LLC, our principal accountant for the fiscal year ended December 31, 2000.
Michael Johnson and Co. LLC's report on our financial statements for the prior
fiscal year did not contain an adverse opinion or disclaimer of opinion and was
not modified as to uncertainty, audit scope, or accounting principals. The
decision to change accountants was approved by our Board of Directors. There
were no disagreements with our former accountant, whether or not resolved, on
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which if not resolved would have caused our
former accountant to make reference to the subject matter of the disagreement(s)
in connection with its report.


                                    PART III

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

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

The following table sets forth information regarding the executive officers and
directors of the Company.

       Name                 Age     Position                 Since

----------------------      ---  -------------------       -----------
Jeff Lieberman               35  President, Treasurer      March 1999
                                 and Chairman of the
                                 Board of Directors

Donald Dea                   47  Secretary and Director    October 1999

Jeff Lieberman - Mr. Lieberman serves as our President, Treasurer and Chairman
of the Board of Directors. Mr. Lieberman has more than 10 years of experience in
the high technology industry. He has been with the company since its inception
as a private company through its acquisition by HALO Holdings in 1999 until
today.  He graduated from the University of Maryland in 1991 with a Bachelor of
Science Degree in Personnel Management and Labor Relations.  After completion of
his degree he studied for and passed his Series 6, 63, and series 7 tests to
become a fully licensed stockbroker and financial planner.  After a short
internship with a small firm he accepted a position in 1991 with Robinson &
Lukens, a conservative brokerage house located in Washington D.C.  There he
worked very closely with man retired clients with a structured focus on income
and money preservation investment strategies.

Donald Dea - Mr. Dea serves as our Secretary and Director. Mr. Dea has also been
a co-founder and partner of Fusion Productions, a meeting planning company,
since 1995. Mr. Dea was Vice President and co-founder of Alaris Inc., a
developer of high performance systems, motherboards and peripheral products for
personal computers, from 1992 to 1995. From 1984 to 1992, he worked for Xerox
Corporation, servings as: General Manager of U.S. Customer Operations, in charge
of developing strategic partnerships; General Manager of OEM/VAR Channel
Operations; Manager of Marketing and Quality.


<PAGE>
(b) There are no other officers or significant employees.

(c) No family relationships exist between the directors and the officers.

(d) No legal proceedings have been instituted in the previous five years against
any of our current directors or officers

OUTSTANDING ISSUES INVOLVING PRIOR DIRECTORS AND/OR BOARD MEMBERS:

On March 30, 1999, our wholly-owned subsidiary, Skydive USA, was sold to Larry
Kerschenbaum and Thomas Keese, two of our founding shareholders, officers and
directors. In consideration for Skydive USA, Messrs. Kerschenbaum and Keese
returned to us a total of 400,000 shares of our outstanding common stock.

The company has a confessed judgment on file from Mr. Kerschenbaum in the amount
of $262,213.21 and has perfected its position in the state of Florida.  The
company feels there is little chance of collection and has written this amount
off.

COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES EXCHANGE ACT OF 1934

Section 16(a) of the Securities Exchange Act of 1934 requires that our officers
and directors, and persons who own more than ten percent (10%) of a registered
class of our equity securities file reports of ownership and changes in
ownership with the Securities and Exchange Commission ("SEC") and with the
exchange on which our securities are traded. Such reporting persons are required
by SEC regulation to furnish us with copies of all Section 16(a) forms so filed.

Based solely on a review of Forms 3, 4 and 5 and amendments thereto furnished to
us pursuant to Rule 16a-3(e) promulgated under the Securities Exchange Act of
1934, or upon written representations received by us, we are not aware of any
failure by an officer, director or beneficial owner of more than 10% of the our
common stock to file timely with the Securities and Exchange Commission any
Forms 3, 4 or 5 relating to the fiscal year ended December 31, 2002.

ITEM 10. EXECUTIVE COMPENSATION

(a) GENERAL. No salary or regular compensation is paid to our directors.
Pursuant to our By-laws, directors are eligible to be reimbursed for their
actual out of pocket expenses incurred in attending Board of Directors meetings
and other director functions, as well as fixed fees and other compensation to be
determined by the Board of Directors. No such compensation or expense
reimbursements have been requested by the directors or paid to date. Salary
amounts paid and stock options granted to our executive officers are detailed in
subsection (b) below.

(b) SUMMARY COMPENSATION TABLE. The following table sets forth certain summary
information concerning the compensation paid to the Chief Executive Officer and
certain executive officers for the fiscal years ended December 31, 2001 and
2002.

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
                                                                           Annual              Long-Term Compensation
                                                                        Compensation
----------------------------------------------------------------------------------------------------------------------------
Name and Principal Position                               Fiscal         Salary ($)        Securities            All Other
                                                           Year                            Underlying          Compensation
                                                                                            Options                 ($)
                                                                                            SARS (#)
----------------------------------------------------------------------------------------------------------------------------
<S>                                                        <C>            <C>               <C>                   <C>
Jeff Lieberman                                              2002 (4)       96,000            50,000                N/A (3)
----------------------------------------------------------------------------------------------------------------------------
President, Treasurer and Chairman of the Board              2001           96,000            50,000                N/A
----------------------------------------------------------------------------------------------------------------------------
Donald Dea(1)                                               2002             N/A             100,000               N/A
----------------------------------------------------------------------------------------------------------------------------
Secretary and Director                                      2001             N/A             100,000               N/A
----------------------------------------------------------------------------------------------------------------------------
Lori Samuelson (2)                                          2002           48,000            50,000                N/A (3)
----------------------------------------------------------------------------------------------------------------------------
Assistant Secretary                                         2001           57,000            20,000                N/A
----------------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>
(1) Mr. Dea joined us in October 1999. Mr. Dea does not receive any salary or
bonus.

(2) Mrs. Samuelson has been a full time employee of the company since 1999.

(3) The amount listed reflects total bonuses paid.

(4) Mr. Lieberman has been a full time employee of the company since 1999.

(c) OPTION/SAR GRANTS. The Company has established the 2000 Incentive and
Non-statutory Stock Option Plan, which authorizes the issuance of up to
5,000,000 shares of the Company's common stock.  The Plan will remain in effect
until 2010 unless terminated earlier by an action of the Board. All employees,
board members and consultants of the Company are eligible to receive options
under the Plan at the discretion of the Board.  Options issued under the Plan
vest according to the individual option agreement for each grantee.  During
fiscal year 2001 the company issued 700,000 options with a strike price of $.29
(29 cents) per share. During 2002 no options were issued

(d) AGGREGATE OPTION/SAR EXERCISES. No stock options or stock appreciation
rights have been exercised in the last fiscal year.

(e) LONG TERM INCENTIVE PLAN AWARDS. No long-term incentive plans have been
awarded.

(f) COMPENSATION OF DIRECTORS. No salary or regular compensation is paid to our
directors. Our directors are entitled to reimbursement of out of pocket expenses
incurred in connection with their duties as directors. To date, no such expenses
have been requested or paid.

(g) EMPLOYMENT CONTRACTS AND TERMINATION OF EMPLOYMENT. - None

(h) REPORT ON REPRICING OF OPTIONS/SARs. None.

The Company intends to maintain insurance against all liability incurred by its
officers and directors in defense of any actions to which they may be made
parties by reason of their positions as officers and directors and is in the
process of obtaining this insurance.

Nevada law authorizes a Nevada corporation to indemnify its officers and
directors against claims or liabilities arising out of such person's conduct as
officers or directors if they acted in good faith and in a manner they
reasonably believed to be in or not opposed to the best interests of the
Company. The Articles of Incorporation provide for indemnification of the
directors and officers of the Company. In addition, the Bylaws of the Company
provide for indemnification of the directors, officers, employees, or agents of
the Company. In general, these provisions provide for indemnification in
instances when such persons acted in good faith and in a manner they reasonably
believed to be in or not opposed to the best interests of the Company.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding the ownership of
WorldTeq Group International's common stock and Series A preferred stock as of
January 31, 2002, by each shareholder known by us to be the beneficial owner of
more than 5% of WorldTeq Group International's common stock, each director and
all executive officers and directors as a group. Unless otherwise indicated by
footnote, each of the shareholders named in the table has sole voting and
investment power with respect to the shares of common stock beneficially owned.


<PAGE>
<TABLE>
<CAPTION>
TITLE OF CLASS        NAME AND ADDRESS             Number of Shares Owned          % OF CLASS
--------------        ----------------                                              ----------
<S>               <C>                             <C>                             <C>
    Common           Jeff Lieberman                         266,000(1)               1.23
                     30 West Gude Drive
                     Rockville, MD 20850

  Common           Donald Dea                                40,000(2)               0.0018
                   12 Saint Ebbas Drive
                   Penfield, NY 14526

  Common           Bruce Bertman                          7,172,000(3)              33.15
                   30 West Gude Drive
                   Rockville, MD 20850

  Common           All Executive officers and
                   Directors and affiliates as a group    7,478,000(4)              34.57
</TABLE>

Notes:
(1)  Mr. Lieberman is our CEO and Chairman, and has sole voting authority for
     all of these shares.
(2)  Mr. Dea is a current member of the Board of Directors.
(3)  Mr. Bertman is a shareholder of the company, and has sole voting authority
     for all of these shares.
(4)  Total includes, Mr. Donald Dea, Mr. Jeff Lieberman, Mrs. Lori Samuelson and
     Mr. Bruce Bertman.
(5)  Included in the total outstanding are 1,500,000 held in Escrow which the
     company believes will be returned sometime in the middle of 2003, these
     shares were utilized for the transaction with St. Andrews
     Telecommunications.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

(a) The following transactions have been undertaken within the last three years
with related parties.

LARRY KERSCHENBAUM AND THOMAS KEESE

On March 30, 1999, our wholly-owned subsidiary, Skydive USA, was sold to Larry
Kerschenbaum and Thomas Keese, two of our founding shareholders, officers and
directors. In consideration for Skydive USA, Messrs. Kerschenbaum and Keese
returned to us a total of 400,000 shares of our outstanding common stock.

On March 31, 1999, our wholly-owned subsidiary, Gravity Pilot Air, Inc., agreed
to lease its two airplanes to Skydive USA, a former subsidiary, for a term of
twelve months. The lease provides that Gravity Pilot Air, Inc. is to receive
base rent of $21,176 per month for the use of the airplanes, and an additional
$35 for each hour of flight of the leased aircraft.

In connection with the resignation of Larry Kerschenbaum, we paid him a total of
$35,000 as severance pay. This amount was paid in seven monthly payments of
$5,000 each.

During the first six months of 1999, we challenged claims for reimbursement of
alleged business expenses made by our former President Larry Kerschenbaum and
our former CEO Thomas Keese. These claims had previously been carried on our
books as liabilities totaling $177,331. Messrs. Kerschenbaum and Keese did not
provide documentation or other evidence substantiating these claimed expenses
and agreed to forgive the alleged indebtedness.

BRUCE BERTMAN

On February 1, 1999, we entered into an Exchange Agreement with Bruce Bertman,
our present Chief Executive Officer, President, Treasurer and Chairman of the
Board, pursuant to which we purchased 100% of the outstanding common stock of
Virtual Information Express from Mr. Bertman in exchange for 300,000 shares of
our restricted common stock, valued at $2 per share. Our Board of Directors
valued our common stock at $2 per share based upon its determination that the
market would not support a higher valuation. Our common stock was quoted on the
OTC Bulletin Board at approximately $5.50 per share from January to March, 1999.
However, there was minimal trading volume during this period. In addition, in
December 1998 we undertook a private offering of our common stock at $2 per
share which was completed in April 1999. The Board determined that the price of
$2 per share used in the offering was an accurate indicator of what investors
were willing to pay for our common stock at the time.

On March 24, 1999, we entered into an Exchange Agreement with the members of
Computer Ease, pursuant to which we purchased 100% of the membership units of
Computer Ease, in exchange for 4,000,000 shares of our restricted common stock
and our agreement to provide Computer Ease with $500,000 in working capital. At
the time of the transaction, Mr. Bertman was the majority owner of Computer
Ease. Computer Ease has since merged with our wholly-owned subsidiary, Al
Internet Services, Inc.(SM). Computer Ease's purchase price was determined by


<PAGE>
using a multiple of 1 times Computer Ease's gross revenues. In connection with
this transaction, we valued our stock at $2 per share on the basis of an
analysis similar to that used in the Virtual Information Express transaction.

On April 20, 1999, we issued 120,000 shares of our common stock to Bruce Bertman
in full payment for the $372,692 owed to Mr. Bertman by Computer Ease and
Virtual Information Express.

During 1997 and 1998, Computer Ease borrowed various amounts from Bruce Bertman
and Mr. Bertman incurred $62,292 in reimbursable business expenses on behalf of
that company. Some of these amounts were repaid. Upon our acquisition of
Computer Ease, we became responsible for the balance owed to Mr. Bertman. As of
September 30, 1999, the outstanding balance was $370,649.

When we acquired Computer Ease, we assumed the rights and obligations of
Computer Ease, LLC with regard to the accounts receivable and accounts payable.

On September 30, 1999, we purchased from Bruce Bertman computer hardware and
equipment valued at $558,020. In consideration for Mr. Bertman's contribution of
this hardware and equipment, we paid the purchase price by offsetting accounts
payable to Stockmaker.com, Inc. and Cyber Realm Inc., in the amounts of $304,875
and $248,623, respectively.

LEONARD J. TAMBASCO

On March 9, 1999, we issued 250,000 shares of our common stock to Leonard J.
Tambasco, Jr. in exchange for his agreement to serve as our President.

On February 2, 1999, we issued to EBI Securities Corporation a warrant to
purchase 500,000 shares of our common stock with an exercise price of $.10 per
share as payment for professional services performed in the first quarter of
1999.

There have been no other related party transactions, or any other transactions
or relationships required to be disclosed pursuant to Item 404 of Regulation
S-B. There are no transactions between WorldTeq Group International and other
companies for which our directors serve as directors or employees other than in
the normal course of business. With the exception of Fusion Productions, we
charge companies that share directors or officers with us at the same rate at
which we charge other, unrelated companies. Our director, Donald Dea, is a
co-founder of Fusion Productions. A part of the business of Fusion Productions
involves the sale of Web site design and other value added services to its
customers. We provide those services to Fusion Productions at wholesale rates,
so they may be resold at competitive prices. Fusion Productions was a client of
Computer Ease for almost 6 years prior to the time we purchased Computer Ease in
March, 1999. We continue to charge Fusion Productions the same or higher rate
than those rates charged prior to Mr. Dea becoming one of our directors.


                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                       WORLDTEQ GROUP INTERNATIONAL, INC.

Date: May 6, 2003                     By:  /s/ Jeffrey Lieberman
                                           JEFFREY LIEBERMAN, CEO

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


<PAGE>
     Signature                         Title                       Date
-------------------      ----------------------------------  ----------------
/s/ Jeff Lieberman       President, Treasurer and             May 6, 2003
    Jeff Lieberman       Chairman of the Board of Directors

/s/ Donald Dea           Secretary and Director               May 6, 2003
    Donald Dea


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 8-KA
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
      Date of report (Date of earliest event reported): MARCH 4, 2002.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)

      Nevada                        000-27243                  98158A1016
  (State or Other            (Commission File Number)       (I.R.S. Employee
  Jurisdiction of                                         Identification Number)
   Incorporation)



                15200 Shady Grove Road, Rockville, Maryland 20850
                                 (301) 296-4234

--------------------------------------------------------------------------------

ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
------------------------------------------------------

As of March 4, 2002 a change in the auditing firm for the corporation was
finalized.  Malone & Bailey, PLLC of Houston, Texas now represents the
corporation for financial review and reporting.
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                                  (Registrant)

Date: March 4, 2002



                              By: /s/ Bruce Bertman

                      -------------------------------------
                                   (Signature)
                              Name:  Bruce Bertman
                                Title: President,
                             Chief Executive Officer


<PAGE>
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-KA

                                  CURENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                         Date of Report:  MARCH 11, 2002.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED

  Nevada                      000-27243                       98158A1016
 (State or Other             (Commission File number)         (I.R.S. EIN)
 Jurisdiction of
 Incorporation)

   Registrant Address: 15200 Shady Grove Road, Suite 350, Rockville, MD 20850
                        Registrant Phone: (301) 296-4234

--------------------------------------------------------------------------------
ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
-------------------------------------------------------

On March 3, 2002, Michael Johnson & Company, LLC resigned as the firm providing
the accounting and financial services to WorldTeq Group International, Inc.  The
decision was approved by the Audit Committee, and mutually agreed to by both
companies.  A letter of confirmation from Michael Johnson & Company is included
as Exhibit 16.

For the year ending December 31, 2000 Michael Johnson & Company included
qualified opinions, but did not list any other modifications as to the scope of
the audit/review or accounting principles, or any adverse opinions.  Except for
the going concern comment listed in the 2000 year end statement and quarterly
report for the period ending January 31, 2001, subsequent quarters up to and
including the period ending September 30, 2001 included no such concerns.  There
were no disagreements on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope of procedure up to and
including the date of March 11, 2002.

On March 4, 2002 the accounting firm of Malone & Bailey, PLLC of Houston, Texas
was retained by WorldTeq Group International, Inc. to provide financial review
and auditing services beginning with the period ending December 31, 2001 moving
forward.  Their experience in acquisition transactions supports the future focus
of WorldTeq Group International, Inc.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                                  (Registrant)

Date:  March 11, 2002

                              By: /s/ Bruce Bertman

                      -----------------------------------
                                  (Signature)
                              Name: Bruce Bertman
                                Title: President,
                            Chief Executive Officer
                       WorldTeq Group International, Inc.


<PAGE>
                           Michael Johnson & Co., LLC
                          Certified Public Accountants
                        9175 East Kenyon Ave., Suite 100
                             Denver, Colorado  80237

Michael B. Johnson C.P.A.                                Telephone:(303)796-0099
Member: A.I.C.P.A.                                       Fax:(303) 796-0137
Colorado Society of C.P.A.s



Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549


Re: WorldTeq Group International, Inc
    Commission File #000-27243



Gentleman:

     We have read and agree with the comments in Item 4 of the Form 8-K of
WorldTeq Group International, Inc. dated March 11, 2002.





                      -----------------------------------
                      /s/  Michael Johnson & Company LLC



Denver, Colorado
March 11, 2002


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
         Date of report (Date of earliest event reported): MAY 21, 2002.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)


     Nevada                        000-27243                       98158A1016
(State or Other             (Commission File Number)          (I.R.S. Employee
Jurisdiction of                                           Identification Number)
 Incorporation)


                15200 Shady Grove Road, Rockville, Maryland 20850
                                  (301) 296-4234


                -----------------------------------------------

ITEM 5. COMPLETION OF SELECTED ASSET ACQUISITION.
-------------------------------------------------

As of May 9, 2002 WorldTeq Group International completed the acquisition of the
selected assets of St. Andrews Telecommunications Inc. of Lawrence Kansas. St.
Andrews will continue as a going concern and the selected assets, which consist
of some customers, contracts, and fixtures will be integrated into WorldTeq
Corporation, a wholly owned subsidiary of WorldTeq Group International.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                                  (Registrant)

Date: May 21, 2002

                              By: /S/ Bruce Bertman

                          ----------------------------
                                   (Signature)
                              Name:  Bruce Bertman
                                Title: President,
                             Chief Executive Officer
                       WorldTeq Group International, Inc.


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
         Date of report (Date of earliest event reported): AUGUST 14, 2002.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)


     Nevada                        000-27243                       98158A1016
(State or Other             (Commission File Number)          (I.R.S. Employee
Jurisdiction of                                           Identification Number)
 Incorporation)




30 W. Gude Drive
Suite 420
Rockville, Maryland  20850
Telephone: 240.403.2000

ITEM 5. OTHER INFORMATION.
-------------------------------------------------

Worldteq Group International, Inc. was advised on August 13, 2002 by its
President and Chief Executive Officer, Mr. Bruce Bertman, that Mr. Bertman and
others had been indicted in the Southern District of Florida for wire, mail and
securities fraud and conspiracy in connection with the sale of Worldteq Group
International common stock.

Mr. Bertman has been ordered to appear in Miami, Florida on August 21, 2002. Mr.
Bertman has advised the company that he intends to vigorously contest the
allegations of the indictment.

Worldteq Group International common stock is qualified for quotation on the over
the counter bulletin board under the symbol "WTEQ."

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                                  (Registrant)

Date: August 14, 2002

                              By: /S/ Donald Dea

                          ----------------------------
                                   (Signature)
                              Name:  Donald Dea
                                Title: Director
                       WorldTeq Group International, Inc.


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
         Date of report (Date of earliest event reported): AUGUST 15, 2002.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
             (Exact Name of Registrant as Specified in Its Charter)

     Nevada                        000-27243                       98158A1016
(State or Other             (Commission File Number)          (I.R.S. Employee
Jurisdiction of                                           Identification Number)
 Incorporation)

30 W. Gude Drive
Suite 420
Rockville, Maryland  20850
Telephone: 240.403.2000

ITEM 5. OTHER INFORMATION.


WorldTeq Group International (OTC BB: WTEQ) addresses the recent action taken
against the President of the company, Bruce Bertman.

-     The indictment does not name Worldteq or any other Worldteq employee.
-     Although alleging a broader conspiracy, the indictment refers to only one
actual sale of stock by Mr. Bertman in March 2001 for only 40,000 shares.
-  At the time of this sale, the company did business as A1 Internet, not
WorldTeq.
-     The other persons named currently have no involvement in the business of
the company.
-     There are no allegations of financial statement impropriety, unlike recent
actions taken against companies such as WorldCom.  We have no reason to believe
our financial statements as filed with the SEC are in any way inaccurate or will
in any way require restatement.

We intend to continue our normal day-to-day business operations while Mr.
Bertman vigorously contests the allegations.

Worldteq Group International common stock is qualified for quotation on the over
the counter bulletin board under the symbol "WTEQ."

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                                  (Registrant)

Date: August 15, 2002
                              By: /S/ Donald Dea

                          ----------------------------
                                   (Signature)
                              Name:  Donald Dea
                                Title: Director
                       WorldTeq Group International, Inc.


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
      Date of report (Date of earliest event reported): September 26, 2002.

                    WorldTeq Group International Incorporated
             (Exact Name of Registrant as Specified in Its Charter)

Nevada                        000-27243                       98158A1016
(State or Other            (Commission File Number)      (I.R.S. Employee
Jurisdiction of                                          Identification Number)
Incorporation)

30 West Gude Drive,
Rockville, Maryland 20850
(240) 403-2000

ITEM 5. Other Events.
On September 26, 2002 WorldTeq Group International ("the company") better
defined and implemented and enhanced "Insider Trading Policy". The updated
policy contained the following information:

TRADING PROHIBITION

You are prohibited from purchasing or selling Worldteq securities beginning on
the first day of a calendar quarter until the third business day after
WorldTeq's release of its quarterly earnings results. This prohibition includes
exercising stock appreciation rights, but it does not include exercising with
cash, an option on Worldteq securities issued pursuant to a Worldteq
compensation plan and holding the underlying securities. In addition, all
standing purchase and sale orders regarding Worldteq securities must be canceled
prior to the first day of the calendar quarter.

You are prohibited from purchasing options on: margin trading (the securities to
otherwise secure a loan); day trading (buying and selling the same securities
during one calendar day); and short selling (selling the securities at a
specified price on a specified date without owning the securities on the trade
date) Worldteq securities. The receipt of an option grant pursuant to a Worldteq
compensation plan does not constitute the purchase of an option on Worldteq
securities.

Members of Worldteq Corp.'s management must obtain the approval of the Outside
Counsel or designate prior to buying or selling Worldteq securities.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                        (FORMERLY A1 INTERNET.COM, INC.)
                        (Registrant)

Date: September 26, 2002

                              By:/S/ Bruce Bertman

                      -------------------------------------
                                   (Signature)
                              Name:  Bruce Bertman
                    Title: President, Chief Executive Officer
                       WorldTeq Group International, Inc.


<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported): February 6, 2003

                    WorldTeq Group International Incorporated
             (Exact Name of Registrant as Specified in Its Charter)

Nevada                        000-27243                         98158A1016
(State or Other               (Commission File Number)          (I.R.S. Employee
Jurisdiction of                                           Identification Number)
Incorporation)

                  30 West Gude Drive, Rockville, Maryland 20850
                                 (240) 403-2000

ITEM  5.  Other  Events.

CEO Bruce Bertman will be taking a leave of absence after having been convicted
in the United Stated District Court In Miami.

Mr. Bertman announced that his attorneys will be filing a Motion for Judgment of
Acquittal Not Withstanding The Verdict. Mr. Bertman's attorney Martin K. Leppo
of Boston Massachusetts stated that there are several grounds that he will
present to the court. Bruce Bertman said, "In the interest of the company I feel
it is better that I step aside while I exercise my appellate rights. My
resignation is in the capacity as CEO only and I will continue to assist the
company in anyway I can. It should further be noted that I was convicted of a
victimless crime through a 'sting' which I will further explain at another time
on the advice of counsel."

The Company has selected Mr. Jeff Lieberman to be Acting CEO in the interim.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

WorldTeq Group International Incorporated
(Registrant)

Date:  February  7,  2003

By:/S/  Jeff  Lieberman
-------------------------------------
(Signature)
Name:  Jeff Lieberman
Title:  Acting - Chief Executive Officer
WorldTeq Group International, Inc.


<PAGE>
                          INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Stockholders
  WorldTeq Group International, Inc.
  (formerly A1 Internet.com, Inc.)
  Rockville, Maryland

We have audited the accompanying consolidated balance sheet of WorldTeq Group
International, Inc. and subsidiaries as of December 31, 2002, and the related
consolidated statements of operations, stockholders' deficit, and cash flows for
the two years then ended.  These financial statements are the responsibility of
WorldTeq's management.  Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States.  Those standards require that we plan and perform the
audits to obtain reasonable assurance about whether the financial statements are
free from 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 consolidated financial statements referred to above present
fairly, in all material respects, the financial position of WorldTeq Group
International, Inc. as of December 31, 2002, and the results of its operations
and its cash flows for the two years then ended, in conformity with accounting
principles generally accepted in the United States.

The accompanying financial statements have been prepared assuming that WorldTeq
will continue as a going concern.  As discussed in Note 2 to the financial
statements, WorldTeq's significant operating losses raise substantial doubt
about its ability to continue as a going concern.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.


MALONE & BAILEY, PLLC
www.malone-bailey.com
Houston, Texas

April 14, 2003


<PAGE>
<TABLE>
<CAPTION>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                           CONSOLIDATED BALANCE SHEET
                                DECEMBER 31, 2002


                                     ASSETS


<S>                                                              <C>
CURRENT ASSETS:
  Restricted cash                                                $     85,000
  Trade accounts receivable, net of allowance for
    doubtful accounts of $425,000                                      78,974
  Other current assets                                                 12,574
                                                                 -------------
          Total current assets                                        176,548

EQUIPMENT, net of $330,711 accumulated depreciation                    74,573
                                                                 -------------
          Total assets                                           $    251,121
                                                                 =============

                      LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
  Notes payable                                                  $     98,703
  Current portion, note payable stockholder                            48,000
  Accounts payable                                                    646,263
  Accrued expenses                                                     15,717
  Deferred revenue                                                     51,616
                                                                 -------------
          Total current liabilities                                   860,299

NOTE PAYABLE SHAREHOLDER, net of current portion                       96,208

COMMITMENTS AND CONTINGENCIES (note 9)

STOCKHOLDERS' DEFICIT:
  Series A convertible preferred stock, $.001 par;
    4,749,989 liquidation value 5,000,000 shares
    authorized;1,055,553 shares issued and outstanding                  1,055
  Common stock, $.001 par; 100,000,000 shares authorized;
    20,380,000 shares issued and outstanding                           21,630
  Additional paid-in capital                                       20,089,016
  Accumulated deficit                                             (20,817,087)
                                                                 -------------
          Total stockholders' deficit                                (705,386)
                                                                 -------------
          Total liabilities and stockholders' deficit            $    251,121
                                                                 =============
</TABLE>


              See accompanying summary of accounting policies and
                          notes to financial statements


<PAGE>
<TABLE>
<CAPTION>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                     YEARS ENDED DECEMBER 31, 2002 and 2001


                                                      2002          2001
                                                  -----------  -------------
<S>                                               <C>           <C>
Sales                                             $ 4,221,968  $  3,156,591


Cost of sales                                       2,156,704     1,846,947
Selling, general and administrative                 1,843,500     1,890,665
Bad debts                                             667,981        14,002
Depreciation                                           47,532        82,866
Amortization                                                -        71,800
Impairment of goodwill                                      -       161,984
                                                  ------------  ------------
     Operating expenses                             4,715,717     4,127,887
                                                  ------------  ------------

     Loss from operations                            (493,749)     (911,673)

OTHER INCOME (EXPENSE)
  Other income                                          1,146           660
  Interest expense                                    (44,194)      (60,283)
                                                  ------------  ------------
                                                      (43,048)      (59,623)
                                                  ------------  ------------

NET LOSS                                           $ (536,797)  $  (971,296)
                                                   ===========  ============


BASIC AND DILUTED LOSS PER COMMON SHARE:           $    (0.03)  $     (0.08)
                                                   ===========  ============


     Weighted Average Common Shares Outstanding    19,105,000    12,543,333
                                                  ============  ============
</TABLE>


               See accompanying summary of accounting policies and
                         notes to financial statements.


<PAGE>
<TABLE>
<CAPTION>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                     YEARS ENDED DECEMBER 31, 2002 and 2001


                                Preferred Stock        Common Stock
                             --------------------  ---------------------
                               Shares     Amount     Shares      Amount
                             ----------  --------   ---------  ---------
<S>                          <C>         <C>       <C>          <C>
Balances,
  December 31, 2000          1,115,553   $ 1,115   11,100,000   $11,100

Rescission of CTNA
  acquisition                        -         -   (1,200,000)   (1,200)

Shares issued for debt               -         -    7,930,000     7,930

Shareholder capital
  contribution                       -         -            -         -

Net loss                             -         -            -         -
                             ----------  --------  -----------  --------

Balances,
  December 31, 2001          1,115,553   $ 1,115   17,830,000   $17,830

Shares issued for debt               -         -    3,420,000     3,420

Shares issued for services           -         -      420,000       420

Shares returned and retired          -         -     (100,000)     (100)

Shareholder capital
  contribution                       -         -            -         -

Conversion of preferred
  stock into common            (60,000)      (60)      60,000        60

Net loss                             -         -            -         -
                             ----------  --------  -----------  --------

Balances,
  December 31, 2002          1,055,553   $ 1,055   21,630,000   $21,630
                             ==========  ========  ===========  ========
</TABLE>


              See accompanying summary of accounting policies and
                         notes to financial statements.


<PAGE>
<TABLE>
<CAPTION>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                     YEARS ENDED DECEMBER 31, 2002 and 2001


                               Paid In     Accumulated
                               Capital       Deficit       Total
                             -----------  -------------  ----------
<S>                          <C>          <C>            <C>

Balances,
  December 31, 2000          $19,273,119  $(19,308,994)  $ (23,660)
Rescission of CTNA
  Acquisition                      1,200             -           -

Shares issued for debt           229,970             -     237,900

Shareholder capital
  contribution                    52,500             -      52,500

Net loss                               -      (971,296)   (971,296)
                             -----------  -------------  ----------

Balances,
  December 31, 2001           19,556,789   (20,280,290)   (704,556)

Shares issued for debt           256,580             -     260,000

Shares issued for services       103,880             -     104,300

Shares returned and retired          100             -           -

Shareholder capital
  contribution                   171,667             -     171,667

Conversion of preferred
  stock into common                    -             -           -

Net loss                               -      (536,797)   (536,797)
                             -----------  -------------  ----------

Balances,
  December 31, 2002          $20,089,016  $(20,817,087)  $ 705,386
                             ===========  =============  ==========
</TABLE>


     See accompanying summary of accounting policies and notes to financial
                                   statements


<PAGE>
<TABLE>
<CAPTION>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 2002 AND 2001


                                                                                 2002        2001
                                                                              ----------  ----------
<S>                                                                           <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                    $(536,797)  $(971,296)
  Adjustments to reconcile net loss to net cash used in operating activities:
    Depreciation and amortization                                                47,532     154,666
    Bad debt                                                                    667,981      14,002
    Non-cash stock compensation                                                 104,300           -
    Impairment loss                                                                   -     161,984
    Change in assets and liabilities:
      Trade accounts receivable                                                (554,505)   (197,579)
      Other current assets                                                         (528)     75,426
      Accounts payable                                                          168,115     215,816
      Accrued expenses                                                           (4,550)     48,409
      Deferred revenue                                                          (46,435)     98,051
                                                                              ----------  ----------
Net cash used in operating activities                                          (154,887)   (400,521)
                                                                              ----------  ----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of equipment                                                        (13,448)    (48,551)
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from shareholder note payable, net                                    28,951     343,109
  Capital contribution                                                          171,667           -
  Purchase of treasury stock                                                          -      52,500
  Proceeds from notes payable                                                         -     133,750
  Payments on notes payable                                                     (50,094)          -
                                                                              ----------  ----------
Net cash provided by financing activities                                       150,524     529,359
                                                                              ----------  ----------

CHANGE IN CASH                                                                  (18,045)     80,287

CASH AND CASH EQUIVALENTS, beginning of year                                    103,045      22,758
                                                                                          ----------

CASH AND CASH EQUIVALENTS, end of year                                        $  85,000   $ 103,045

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Payment of interest                                                         $  14,953   $   3,750
                                                                              ==========  ==========

NON-CASH FINANCING ACTIVITIES:
  Stock issued for shareholder note payable                                   $ 260,000   $ 237,900
                                                                              ==========  ==========
</TABLE>


     See accompanying summary of accounting policies and notes to financial
                                   statements


<PAGE>
                       WORLDTEQ GROUP INTERNATIONAL, INC.
                          NOTES TO FINANCIAL STATEMENTS


NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

Nature of business. WorldTeq Group International, Inc. ("WorldTeq") is a Nevada
corporation formed October 13, 1997 and originally named Halo Holdings of
Nevada, Inc.  The name was changed to A1 Internet.com, Inc. in 1999 and again on
October 15, 2001 to the current name.  In 1999, WorldTeq acquired Virtual
Information Express, Inc., Computer Ease LLC, and Networld Ohio, Inc.  Virtual
Information Express and Computer Ease were discontinued in 2000.  WorldTeq sells
long-distance telephone service and various Internet-related services, including
website creation and hosting and internet connectivity services.

Basis of presentation.  The consolidated financial statements include the
accounts of WorldTeq and its wholly-owned subsidiaries, WorldTeq Corporation and
NetWorld of Ohio, Inc.  Significant inter-company accounts and transactions have
been eliminated.

Estimates and assumptions.  Preparing financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets, liabilities, revenue
and expenses at the balance sheet date and for the period then ended.  Actual
results could differ from these estimates.

Cash and cash equivalents include all highly liquid investments purchased with
original maturities of three months or less.  Restricted cash is a credit card
merchant cash deposit to secure customer credit card long distance payments.

Revenue recognition.  Revenue from internet and long-distance services is
recognized when services are rendered.  Deferred revenue represents collected
prepaid long-distance services.

An allowance for doubtful accounts is provided based on credit experience.

Property and Equipment. The Company calculates depreciation for financial
reporting for its computers and other equipment using the straight-line method
over the useful lives of the assets, estimated at 3 - 5 years.

In 2001 the remaining unamortized balance of the NetWorld of Ohio, Inc. goodwill
was written off in accordance with Statement of Financial Accounting Standards
No. 121, Impairment of Long-Lived Assets. Amortization of the goodwill from the
NetWorld of Ohio, Inc. acquisition had been calculated using the straight-line
method over 5 years.

Income taxes are computed using the tax liability method of accounting, whereby
deferred income taxes are determined based on differences between financial
reporting and tax bases of assets and liabilities and are measured using the
enacted tax rates that will be in effect when the differences reverse.

Advertising costs are expensed as incurred.


<PAGE>
Loss per Share.  Basic loss per share equals net loss divided by weighted
average shares outstanding during the year.  Diluted earnings per share include
the impact of common stock equivalents using the treasury stock method when the
effect is dilutive.  There were no common stock equivalents during 2002 or 2001.

Stock options are accounted for by following Accounting Principles Board Opinion
No. 25, Accounting for Stock Issued to Employees, and related interpretations,
and by following Statement of Financial Accounting Standards No. 123, Accounting
for Stock Based Compensation, which established a fair-value-based method of
accounting for stock-based compensation plans.

Had compensation cost for the WorldTeq's stock-based compensation plan for
employees been determined based on the fair value at the grant dates for awards
under those plans consistent with the Black-Scholes option-pricing model
suggested by FASB Statement 123, the Company's net losses and loss per share
would have been increased to the pro forma amount indicated below:

                                                   2002           2001
                                              ------------     -----------
     Net loss available for common
      shareholders           -As reported      $(  350,122)     $(971,296)
                               -Pro forma       (  350,122)    (1,051,673)
     Net loss per share      -As reported            $(.02)         $(.08)
                               -Pro forma             (.02)          (.08)

The weighted average fair value of the stock options and warrants granted to
employees during 2002 and 2001 was $.07.  Variables used in the Black-Scholes
option-pricing model include (1) 5.0% risk-free interest rate, (2) expected
option life is the actual remaining life of the options as of each year end, (3)
expected volatility is the actual historical stock price fluctuation volatility
and (4) zero expected dividends.


New Accounting Principles.  WorldTeq does not expect the adoption of recently
issued accounting pronouncements to have a significant impact on its financial
position, results of operations or cash flow.

Reclassifications.  Certain prior years' amounts have been reclassified to
conform with the current year presentation.


NOTE 2 - GOING CONCERN

The financial statements have been prepared assuming that WorldTeq will continue
as a going concern. WorldTeq has a significant accumulated deficit and working
capital deficiency at December 31, 2002 and is unable to meet its obligations as
they come due; all of which raise substantial doubt about WorldTeq's ability to
continue as a going concern. The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts or to the amounts and classification of liabilities that might be
necessary should WorldTeq be unable to continue as a going concern.

The continued support of WorldTeq's creditors, lenders and shareholders is
required in order for WorldTeq to continue as a going concern. Management's
plans to support WorldTeq's operations include cutting overhead costs, borrowing
additional funds and raising additional capital. WorldTeq's inability to obtain


<PAGE>
additional capital or obtain such capital on favorable terms could have a
material adverse effect on its financial position, results of operations and its
ability to continue operations.


NOTE 3 - NOTE PAYABLE TO STOCKHOLDER

In February 2003, WorldTeq signed a note with the majority stockholder. This
note is secured by all asset of WorldTeq, bears interest at 8% and is due in
monthly installments of $4,000, with the balance due February 2004. The note is
convertible into common stock at $.10 per share.


NOTE 4 - NOTE PAYABLE

This note is past due and incurs interest at 15%.


NOTE 5 - INCOME TAXES

WorldTeq has had losses since inception and therefore has no income tax
liability. The net deferred tax asset generated by the loss carry-forward has
been fully reserved.  The cumulative net operating loss carry-forward is
approximately $20,350,000 at December 31, 2002, and will expire in various years
through 2022.

Deferred income taxes consist of the following at December 31, 2002:


     Long-term:
        Deferred tax assets                  $ 6,900,000
        Valuation allowance                  (6,900,000)
                                             -----------
                                             $         -
                                             ===========


NOTE 6 - PREFERRED STOCK

Series A Convertible Preferred Stock was issued in 1999 for net proceeds of
$3,602,560.  It is convertible into the Company's common stock at any time at
the option of the holder on a one-for-one basis. This series is non-voting and
pays no dividends.  The liquidation value is $4.50 per share.

Preferred stockholders have converted 60,000 shares of preferred stock into
60,000 shares of common stock.


Note 7 - COMMON STOCK

In 2001, WorldTeq's board of directors approved the issuance of 7,930,000 shares
of common stock to the President and Chairman of the Board of WorldTeq for
$237,900 of debt owed to the President.

In 2001, WorldTeq retired 1,200,000 shares of stock related to recession of an
acquisition attempted by WorldTeq.

In 2002, WorldTeq recorded expense totaling $104,300 related to stock issued for
services. The stock was valued at the trading price on the date of issuance.
100,000 shares were issued to a consultant for investor relations services,


<PAGE>
200,000 shares were issued to the President and majority shareholder as a bonus
and the remaining 120,000 shares were issued to various employees as a bonus.

In 2002, WorldTeq recorded a $110,000 reduction in note payable to the majority
shareholder in exchange for 920,000 shares of common stock. The transaction was
approved by the board of directors.

In 2002, WorldTeq recorded 60,000 shares of common stock issued in exchange for
60,000 shares of preferred stock.

In 2002, 100,000 shares of common stock was returned to WorldTeq by a
stockholder. These shares were retired in 2002.


NOTE 8 - STOCK OPTIONS AND WARRANTS

WorldTeq's Stock Option Plan provides for the grant of both qualified and
non-qualified options to directors, employees and consultants of WorldTeq, and
opportunities for directors, officers, employees and consultants of WorldTeq to
make purchases of stock in WorldTeq.  In addition, WorldTeq issues stock
warrants from time to time to employees, consultants, stockholders and creditors
as additional financial incentives.  The plan and warrants issuance are
administered by the Board of Directors of WorldTeq, who have substantial
discretion to determine which persons, amounts, time, price, exercise terms, and
restrictions, if any.

WorldTeq uses the intrinsic value method of calculating compensation expense for
employees, as described and recommended by APB Opinion 25, and allowed by FASB
Statement 123. During the years ended December 31, 2002 and 2001, no
compensation expense was recognized for the issuance of options and warrants to
employees, because no option prices were below market prices at the date of
grant.  During the year ended December 31, 2001, no compensation expense was
recognized for the issuance of warrants to non-employees because the fair market
value as calculated using the Black-Scholes method was below the exercise prices
of $2.75 and $5.50 per share.

Options and warrants to purchase 3,545,000 shares of common stock that had no
intrinsic value were issued to employees during the year ended December 31,
2001. No options were issued in 2002.

During the year ended December 31, 2001, WorldTeq issued 150,000 options to
consultants whose stock-based compensation must be recorded at fair value
pursuant to FASB Interpretation Number 44.  The compensation cost record for
these options and warrants was $0 based on the Black-Scholes option pricing
model as suggested by FASB Statement 123.


<PAGE>
<TABLE>
<CAPTION>
Summary information regarding options and warrants is as follows:

                                          Weighted                     Weighted
                                           average                      average
                              Options    Share Price    Warrants      Share Price
                            ---------    ---------      --------      -----------
<S>                         <C>          <C>          <C>             <C>
Year ended December 31, 2001:
----------------------------
  Outstanding, 2000           687,000        .29         886,650            $2.45
  Granted                     545,000        .29       3,150,000              .16
                             --------      -----      ----------            -----
Outstanding at
  December 31, 2001         1,232,000        .29       4,036,650              .66

Year ended December 31, 2002:
----------------------------
  Granted                           -          -               -                -
                             --------      -----       ---------            -----
Outstanding at
  December 31, 2002         1,232,000      $ .29       4,036,650            $ .66
                            =========      =====       =========            =====
</TABLE>

<TABLE>
<CAPTION>
     Options outstanding and exercisable as of December 31, 2002:

                           - - Outstanding - -          Exercisable
                             Number   Remaining              Number
     Exercise Price     of Shares          life           of Shares
                        ---------     ---------         -----------
<S>                    <C>           <C>               <C>
          $.29             87,000       3 years              44,000
          $.29            145,000       4 years              73,000
          $.29            600,000       5 years             300,000
          $.29            400,000       6 years             134,000
                        ---------                       -----------
                        1,232,000                           551,000
                        =========                       ===========
</TABLE>

<TABLE>
<CAPTION>
     Warrants outstanding and exercisable as of December 31, 2002:

                           - - Outstanding - -          Exercisable
                             Number   Remaining              Number
     Exercise Price     of Shares          life           of Shares
                        ---------     ---------         -----------
<S>                    <C>           <C>               <C>
          $5.50           386,650       2 years             386,650
          $2.75           150,000       4 years             150,000
          $ .10           500,000       2 years             500,000
          $ .03         3,000,000       4 years           3,000,000
                        ---------                       -----------
                        4,036,650                         4,036,650
                        =========                       ===========
</TABLE>


NOTE 9 - COMMITMENTS AND CONTINGENCIES

WorldTeq's office lease is month-to-month.  Total rent expense for 2002 and 2001
was $101,789 and $98,303, respectively.

WorldTeq has a dispute with its former long-distance carrier, Qwest
Communications, relating to the balance due to Qwest as of December 31, 2002
when the relationship had been terminated. WorldTeq has a liability recorded of
approximately $222,000 at December 31, 2002 to this Qwest, however, Qwest has
invoiced WorldTeq approximately $710,000 or a disputed difference of
approximately $488,000. The difference relates mainly to charges incurred at
various payphones. WorldTeq obtained a waiver from liability from the payphones


<PAGE>
owner and from Qwest for any of these charges. Management is currently in
contact with Qwest and the differences are being reviewed by the Qwest.
Management believes WorldTeq is not liable for the charges since waivers were
obtained and has not recorded any liability as of December 31, 2002 related to
these payphone fees. If WorldTeq is ultimately responsible for the charges they
would be required to record an additional liability of approximately $488,000.


NOTE 10 - MAJOR CUSTOMERS AND VENDORS

WorldTeq incurred approximately $990,000 with two long-distance carries in 2002
and $714,000 in charges with one long-distance carrier during 2001 which are
included in cost of sales.  No customer and no other vendor accounted for 10% or
more of total sales or costs during 2002 or 2001.


<PAGE>
      STATEMENT UNDER OATH OF PRINCIPAL EXECUTIVE OFFICER REGARDING FACTS AND
                 CIRCUMSTANCES RELATING TO EXCHANGE ACT FILINGS.

I Jeffrey Lieberman state and attest that;

     1)   To the best of my knowledge, based upon review of the covered reports
          of WorldTeq Group International Inc., and except as corrected or
          supplemented in a subsequent covered report:

          No covered report contained an untrue statement of material fact as of
          the end of the period covered by such report (or in the case of a
          report on Form 8-K or definitive proxy materials, as of the date on
          which it was filed); and

          No covered report omitted to state a material fact necessary to make
          the statements in the covered report, in light of the circumstances
          under which they were made, not misleading as of the end of the period
          covered by such report (or in the case of a report on Form 8-K or
          definitive proxy materials, as of the date on which it was filed).

     2)   I have reviewed the contents of this statement with the Company's
          audit committee.

     3)   In this statement under oath, each of the following, if filed on or
          before the date of this statement, is a "covered report":

          Annual Report 10-KSB of WorldTeq Group International, Inc. for the
          fiscal year ended December 31, 2002 filed with the Securities and
          Exchange Commission.

          All reports on Form 10-QSB, all reports on Form 8-K and all definitive
          proxy materials of WorldTeq Group International, Inc. filed with the
          Commission subsequent to the filing of the Form 10-KSB identified
          above; and

          Any amendments to any of the foregoing.

--------------------------------------------------------------------------------
                                   SIGNATURES

PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED HEREUNTO DULY AUTHORIZED.

                    WORLDTEQ GROUP INTERNATIONAL INCORPORATED
                                  (REGISTRANT)

DATE: MAY 6, 2003


                              BY:/S/ BRUCE BERTMAN



                      -------------------------------------
                                   (SIGNATURE)
                              NAME:  JEFFREY LIEBERMAN
                                TITLE: PRESIDENT,
                             CHIEF EXECUTIVE OFFICER