FORM 10-KSB

                                  ANNUAL REPORT
             UNDER SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934

                            GOTHINK.COM, INCORPORATED

State of Incorporation:  Nevada          IRS Employer I.D. Number: 87-6121862
Authorized to do business in Texas

                                GoThink.Com, Inc.
                                Executive Offices
                          230 Lookout Place, Suite 200
                             Maitland, Florida 32751
                            Telephone: (407) 468-0599

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

         Common Stock                                         NASDAQ OTC:BB
                                                                    Symbol: TNKC

Yes [*] No [ ] The Company has filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during calendar year 1999 and was not subject to
such filing  requirements for the past ninety days (during 1999).  (Registration
became effective during 1st quarter 2000.)

[ * ] Check if there is no disclosure  of delinquent  filers in response to Item
405 of Regulation S- B, is not contained in this form, and no disclosure will be
contained,  to the  best of the  Company'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.

Company's revenues for its most recent fiscal year: (1999) $116,617.00.
                                                            ----------

The aggregate  market value of the voting and  non-voting  common equity held by
non-affiliates computed by reference to the price at which the common equity was
sold,  or the  average  bid and  asked  price  of such  common  equity,  as of a
specified  date  within  the past  sixty (60) days:  As of  December  31,  1999,
19,196,016  outstanding  shares of common stock at $0.15 per share  (average bid
and asked price), resulting in $2,879,402.40 aggregate market value.

Number of shares  outstanding of each of the Company's classes of common equity,
as of December 31, 1999: One class of common stock, 19,196,016.

Transitional Small Business Disclosure Format: Yes [ ] No [ * ]


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                                TABLE OF CONTENTS

         Part I

Item 1 Description of Business

Item 2 Description of Property

Item 3 Legal Proceedings

Item 4 Submission of Matters to a Vote of Security Holders

         Part II

Item 5 Market for Common Equity and Related Stockholder Matters

Item 6 Management's Discussion and Analysis or Plan of Operations

Item 7 Financial Statements

Item 8 Changes in and Disagreements with Accountants on Accounting and Financial
       Disclosure

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

Item 10 Executive Compensation

Item 11 Security Ownership of Certain Beneficial Owners and Management

Item 12 Certain Relationships and Related Transactions

Item 13 Exhibits and Reports on Form 8-K

         Part III

Index to Exhibits

Description of Exhibits




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Item 1            Description of Business

         This document contains forward-looking statements that relate to future
events  or  future  financial  performance.   In  some  cases,   forward-looking
statements  can be identified by terminology  such as "may,"  "will,"  "should,"
"expects,"  "plans,"   "anticipates,"   "believes,"   "estimates,"   "predicts,"
"intend,"  "potential,"  or  "continue"  or the  negative of such terms or other
comparable  terminology.  These  statements are only  predictions.  Although the
Company  believes  that  the  expectations   reflected  in  the  forward-looking
statements  are  reasonable,  it  cannot  guarantee  future  results,  levels of
activity,  performance, or achievements.  Actual results could differ materially
from  those  anticipated  in these  forward-looking  statements  as a result  of
various factors,  including the risks outlined  elsewhere in this document.  All
forward-looking  statements  included in this document are based on  information
available to the Company on the date hereof.

         The present  management  of the Company  has no personal  knowledge  of
operations of the Company prior to February, 1999.1 However, Company records and
other materials are relied on to disclose the general history of the Company for
the time period before February, 1999.

         There is a  substantial  doubt  concerning  the  Company's  ability  to
continue as a going concern,  as indicated by the losses incurred by the Company
revealed by the accompanying  financial  information in this disclosure document
and as noted  herein.  The Company  has  operated  at a loss  during  1999,  and
anticipates  continuing  to operate at a loss  through the  calendar  year 2000.
There is currently no prospect for profitability from current operations. Except
for the influx of working  capital in exchange  for common  stock,  as described
below (the "Blue  Ridge  Agreement"),  the  Company  would not have been able to
continue operations.

         The Company  experienced  accelerating  losses  from at least  mid-1998
through  third quarter  1999,  and there is no indication in current  operations
that those losses will not continue,  albeit at a slower rate.  There is a clear
trend in the Company's  financial  condition  which indicates  continued  losses
through the foreseeable future based on current operations.  Currently, there is
no prospect for profitability from current operations, although the Company does
anticipate being able to continue drastically scaled-down operations through the
end of  calendar  year  2000.  The  scope  of the  Company's  business  has been
drastically curtailed starting in mid- 1998, as more fully explained below.

         Currently,  the  Company has no  subsidiary  operations.  As  described
below, the Company sold its remaining subsidiary,  effective September 30, 1999,
by an agreement with its former owners and officers.


--------
         1"The Company" refers to GoThink.Com, Incorporated, the present name of
the Company;  prior to its' current name,  the Company's  name was EFO, Inc. The
name changes are explained in the text of this Item.

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         The Company was originally  organized on July 30, 1954, pursuant to the
laws of the State of Utah, with the original charter issued to Bapco Uranium and
Oil,  Inc.  The  Company was known as  Southwest  Border  Corporation  from 1988
through 1993 and, in 1993,  combined with EFO Technologies,  Inc. As a result of
the  combination,  the Company  changed its' name to EFO,  Inc. and changed its'
state of incorporation  from Utah to Nevada.  Present management has no personal
knowledge of the Company's operations prior to February, 1999.

         Formerly,   through  March,  1997,  EFO,  Inc.  developed   fiber-optic
technology systems for high-volume direct-to-plate image transfer for commercial
printing and publishing applications. The Company also developed application and
system  software which  transfers  images to film to be used in the graphic arts
industry. The Company is no longer in those businesses and hasn't been since the
February,  1999,  transaction  explained  below. No revenue is anticipated  from
these  discontinued  operations.  These  operations were  discontinued  prior to
present management joining the Company. Management has no reason to believe that
the Company  records on which it relies for its'  rendition  of the  "history of
operations" is incorrect.

         On February 16, 1999, EFO Inc. agreed to issue 2,650,000 shares of its'
common stock to acquire two corporations as subsidiaries:  Southern  Educational
Alliance, Inc. (SEA) and Internet Presentations,  Inc. (IPI). At the time of the
transaction,  Mr. and Mrs. Ron Daniels were the sole  shareholders and directors
of SEA and Mr. and Mrs. Frank Mulcahy were the sole  shareholders  and directors
of IPI. At the time of the  February,  1999,  transaction,  EFO, Inc. had ceased
revenue  producing  operations.  As  explained  below,  while IPI was  initially
included as a  subsidiary  of the  Company,  it has since been  severed from the
Company and no revenues have been recorded in the  Company's  financial  filings
with this Form 10SB nor are any  revenues  anticipated  from any prior or future
operations of IPI. Except for a loss resulting from unreimbursed expenditures on
IPI operations as noted, the Company's operations will have no contribution from
IPI in the future.

         The stock in the  Company  was  issued on April,  8,  1999,  along with
350,000  shares  for  fees  for  professionals  and  promoters  related  to  the
transaction.  Mr. and Mrs. Ron Daniels received  1,325,000 shares in the Company
and the Company  became the sole  shareholder of SEA. Mr. and Mrs. Frank Mulcahy
received  1,325,000  shares  in the  Company  and the  Company  became  the sole
shareholder of IPI.

         The professionals and promoters involved in the offering and the number
of shares they received in the offering are: James Skalko (100,000 shares); Blue
Ridge Finance Company, Inc. (100,000 shares);  Douglas Hackett (100,000 shares);
Phil Tannenbaum (30,000 shares);  Tom Edwards (20,000 shares);  Michelle K. Cain
[attorney  involved  in the  preparation  of  the  offering  materials]  (20,000
shares).  Additionally,  the Daniels and the Mulcahys,  as noted above, would be
considered "promoters" of the offering.

         SEA was incorporated on December 10, 1998, in Texas,  with Mr. and Mrs.
Ron Daniels as the sole shareholders and directors.  Prior to the acquisition by
the Company,  Southern  Education  Alliance,  Inc.  (SEA)  purchased  all of the
authority, licenses, equipment, inventory,

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and personnel of "Southwest  Medical Academy" (SMA) effective February 12, 1999.
"Southwest Medical Academy" was a sole proprietorship  owned by Mr. and Mrs. Ron
Daniels and they received their stock in SEA in exchange for the transfer.

         SEA  also  accepted  all  of the  liabilities  of  SMA  and  thereafter
conducted the business of the corporation under the trade name "GoThink Tech."

         EFO changed its' name to Think!.Com, Inc. and, thereafter, changed its'
name to GoThink.Com  Incorporated on June 15, 1999,  according to the records of
the  Secretary  of State of the State of Nevada.  SEA  remained  a  wholly-owned
subsidiary of GoThink.Com, Inc. and did business as "GoThink Tech."

         Think!.Com  Incorporated  obtained a  Certificate  of  Authority  to do
business  as a  foreign  corporation  in the  State  of  Texas  (Charter  Number
00125622)  on March 15,  1999,  and,  thereafter,  the Texas  Secretary of State
issued an Amended Certificate of Authority for GoThink.Com,  Incorporated,  (the
new name of the  corporation)  on June 23, 1999.  SEA d/b/a "GoThink Tech" was a
wholly-owned  subsidiary of GoThink.Com,  Inc. after the amended  certificate of
authority,  until the  transaction  between  Blue  Ridge  Financial,  Inc.,  the
Company, and Mr. Ron Daniels, more fully explained below.

         On or about  October  29,  1999,  the  Company,  along  with its  Chief
Executive  Officer,  Ron  Daniels,  entered  into an  Agreement  with Blue Ridge
Finance  Company,  Inc.  (hereinafter  referred to as the  "Agreement.") In that
Agreement,  Blue Ridge agreed to make an  additional  capital  investment in the
Company of  $200,000.00,  in two  installments  of $100,000.00  each, the second
installment to be made on or before  December 31, 2000.  The additional  capital
contribution was necessary for the Company's  continued  operations.  Blue Ridge
made an initial payment of $39,400.00 to support the Company's operations.

         In the Agreement with Blue Ridge, agreed by the parties to be effective
as of September 30, 1999, the Company agreed to issue  additional  stock to Blue
Ridge in such amount so that Blue Ridge  would have fifty one  percent  (51%) of
all outstanding  common stock of the Company.  Additionally,  the Company agreed
that Blue Ridge  would have the  ability  and the right to appoint a majority of
the Board of  Directors.  Mr.  Daniels was  guaranteed a salary of $5,000.00 per
month, as was Mr. Edwards,  the Chief  Operating  Officer.  Mr. Daniels was also
assigned the right to recover his  business-related  expenses and thirty percent
(30%) of the net profits of the subsidiary,  payable quarterly in stock or cash,
at the discretion of the Company.  The Agreement provided that Mr. Daniels would
be the Chief Operating  Officer of the Company and that Mr.  Edwards,  by future
Board action,  would be elected Chief  Executive  Officer.  Mr. Daniels was also
awarded a ten year  employment  contract with the Company,  on the terms set out
above,  with a provision that he would not be terminated from employment  except
for  "cause."  ("Cause"  was  defined  to  mean  "criminal  acts,  fraud,  gross
negligence, or breach of fiduciary duty.)

         Additionally,  the Agreement  with Blue Ridge provided that Mr. Daniels
would receive

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"restricted  stock" in such  amount so that Mr.  Daniels  would  own,  after the
Agreement, a total of 2,500,000 shares in the Company.

         Further,  Mr.  Daniels  obtained an option in the Agreement to purchase
all of the outstanding  stock in the subsidiary and obtain sole ownership of the
subsidiary by returning to the Company ninety percent (90%) of the shares of the
Company owned by him. The Agreement with Blue Ridge provided that the additional
capital  funds  provided  by it  would be used by the  Company  for  payment  of
corporate  expenses and future  operations  and that the  subsidiary  operations
would be separate  from the  Company's.  The Company  agreed to pay Blue Ridge a
monthly consulting fee of $5,000.00 for a period of three years from the date of
the  Agreement.  The Agreement  also provided that the executive  offices of the
Company  would be moved to Florida,  at the pleasure of the Board of  Directors.
The Agreement with Blue Ridge was made under Florida law.

         On October  29,  1999,  the  Company's  Board of  Directors  approved a
resolution  approving  the  Agreement  with Blue  Ridge,  and  issuing  stock as
follows:

                  Ron Daniels                                 1,175,000
                  Tom Edwards                                 875,000
                  Jennifer Brenner                            500,000
                  Blue Ridge Finance Co., Inc.                10,000,000

         Also on October 29, 1999, the Board approved a resolution  electing Ms.
Jennifer Brenner to the Board of Directors of the Company,  where she joined Mr.
Edwards and Mr. Daniels as directors.

         The Board of the  Company  also  approved a  resolution  on October 29,
1999,  approving the transfer of the shares of stock  previously  owned by Frank
Mulcahy  represented by treasury  certificate number 10157 (1,125,000 shares) to
Tom Edwards.  Mr. Edwards, as a result of that Board action, would own 2,000,000
shares of the Company.

         Finally,  on October 29, 1999,  the Board also approved the issuance of
150,000 shares of common stock to Mr. Ernest Zepeda.

         Mr. Zepeda, Mr. Daniels,  Mr. Edwards,  and Ms. Brenner were all issued
stock  to  compensate  them  in lieu of cash  for  services  rendered  and to be
rendered to the  Company  and to ensure  their  continued  association  with and
employment  by the Company.  Mr.  Daniels'  additional  stock was also issued to
ensure his tenure as an officer  of the  Company  and as part of his  employment
agreement with the Company, described above.

         Go  Think.  Com is  authorized  to  issue  up to  5,000,000  shares  of
preferred stock to be issued with such rights,  preferences and designations and
in such series as determined by the Board of Directors.


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         GoThink.Com,  Inc. is authorized  to issue up to  50,000,000  shares of
common stock. The holders of common stock are entitled to one vote per share for
the election of directors and with respect to all other  matters  submitted to a
vote of  stockholders.  Shares of  common  stock do not have  cumulative  voting
rights,  which means that the holders of more than 50% of such shares voting for
the election of directors  can elect 100% of the  directors if they choose to do
so and, in such event, the holders of the remaining shares so voting will not be
able to elect any  directors.  At present,  by agreement with the Company and in
exchange for the payment of additional  capital as described herein,  Blue Ridge
Finance  Company,  Inc.  controls a  majority  of the  outstanding  stock of the
Company and is  entitled  to control the  election of a majority of the Board of
Directors.

         Holders of GoThink.Com,  Inc. common stock are entitled to receive such
dividends as the Board of Directors  may from time to time declare to be paid in
accordance  with  Nevada law and if the company  has  sufficient  surplus or net
earnings.  GoThink.Com,  Inc. has never paid cash dividends and seeks growth and
expansion of its business through the reinvestment of profits,  if any, and does
not anticipate that it will pay dividends in the foreseeable future.

         Mr. Daniels, effective September 30, 1999, in accordance with the terms
of the Agreement  between  himself,  the Company,  and Blue Ridge,  tendered the
required stock to the Company and received all of the  outstanding  stock in the
subsidiary,   Southern  Educational  Alliance,  Inc.  Daniels  and  the  Company
negotiated  the final  settlement of the purchase of the  subsidiary and Daniels
retained  800,000 shares of stock,  tendering the balance of his holding for the
purchase  of the  subsidiary.  The  parties  agreed to  apportion  the debts and
obligations  of the  subsidiary,  thus  making the  transfer  of the  subsidiary
effective  September  30,  1999.  The  Company  was  relieved  of all  financial
obligations  in the name of the  subsidiary  as of September  30, 1999,  Daniels
agreeing to make that arrangement retroactive.

         In its agreement with Mr. Daniels,  the Company also received a release
from Mr.  Daniels as to his  employment  contract,  and Mr. Daniels and Southern
Educational Alliance, Inc. severed all connections with the Company. Mr. Daniels
resigned as Chief  Executive  Officer and Director as part of the agreement with
the Company, though he remains a shareholder.

         Tom Edwards resigned his directorship with the Company May 1, 2000, and
no longer has any connection with the Company.  Mr. Edwards also surrendered all
of his shares to the Company as part of the  cancellation and termination of his
employment agreement and resignation.

         Ms.  Brenner is the only full-time  employee of the Company,  acting as
President and Director.

         The loss from  operations  for the six months ended June 30, 1999,  was
approximately $93,000.00 as operating expenses exceeded revenue for that period.
At mid-year,  1999, the main components of operating  expenses were salaries and
payroll  taxes  and  benefits  of  $67,000.00,   contract   instructor  fees  of
$19,000.00, bad debts of $8,500.00, legal fees of $11,000.00, rent

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expense of  $39,000.00,  depreciation  of  $8,000.00,  and  supplies  expense of
$10,000.00.

         At year end, as of December 31, 1999, the loss from  operations for the
year was approximately  $358,362.00,  as operating  expenses continued to exceed
revenue for the entire year.

         The trend of losses has  accelerated  from 1997 through  year-end 1999.
The loss from  operations  for the twelve month period ended  December 31, 1998,
was approximately $11,858.00.

         The trend of losses also affects the Company's assets. After bargaining
away the subsidiary, Southern Educational Alliance, the assets of the Company at
year-end 1999 total  $319.00.  The total assets of the Company at June 30, 1999,
were $443,683.00,  with the primary assets situated in the subsidiary being cash
of $202,000.00, accounts receivable of $96,000.00, and net value of property and
equipment of $98,000.00.

         The Company has a plan to increase revenues and stem losses,  but there
is no  indication  that the Company can maintain  present  levels of  operations
beyond the end of calendar year 2000.

         Currently,  the  Company  intends to  continue  in an  Internet-related
business,  mainly  consisting of consulting  with  potential  clients  regarding
Internet business  applications and assisting companies in doing business on the
Internet.

         The Company  currently  has no  marketing  program,  no  products,  one
customer,  (a related  party,  Blue  Ridge  Finance  Company),  no  clients,  no
advertising  program,  and only one employee,  the CEO, Jennifer L. Brenner. Ms.
Brenner does not devote all of her time to the  Company,  and receives no salary
or benefits.  Ms. Brenner is also the sole director of the Company,  Mr. Daniels
and Mr. Edwards having resigned.

         The Company does not  presently  engage in any business  operations  in
connection  with its'  former  subsidiaries,  Internet  Presentations,  Inc.  or
Southern Education Alliance,  Inc., f/d/b/a GoThink Tech, and has no plans to do
so in the future.

         The  Company  is not  required  by its'  by-laws  to prepare or deliver
regular  annual  reports or annual  audited  financial  statements  to  security
holders or  shareholders  of any type and the Company has no plans to send those
reports  in  the  future  unless  required  by  law  or  regulation.   Financial
information is available to shareholders from the Company at its' offices.

         The Company will continue to file required  reports with the Securities
and Exchange Commission, as required, and those reports will be available to the
public and to shareholders at the SEC offices and from the Company.

         The public may read and copy any  materials  the Company files with the
SEC at the

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SEC's Public Reference Room at 450 Fifth Street, N.W.,  Washington,  D.C. 20549.
The public may obtain  information on the operation of the Public Reference Room
by calling the SEC at 1-  800-SEC-0330.  The Company is an electronic  filer and
the SEC maintains an Internet site that contains reports,  proxy and information
statements,  and other information  regarding  issuers that file  electronically
with the SEC at http://www.sec.gov.  Currently,  the Company does not maintain a
website on the Internet.


Item 2            Description of Property

         Property Location

                  The Company  maintains an office at 230 Lookout  Place,  Suite
200 Maitland, Florida 32751, with its mailing address of Post Office Box 953754,
Lake Mary,  Florida  32795-3754.  The  Company's  property  consists  of minimal
general office equipment,  telephone and computer systems, and office furniture.
The property is periodically updated, replaced, or repaired.

         Investment Policies

                  The  Company  has no  "investment  policy" and does not invest
available funds, instead using all available funds for operations.  Further, the
Company does not invest in real estate or securities of any type.  The Company's
business  plan does not provide for any  investments  in any  securities or real
property for investment purposes.  For the foreseeable future, all Company funds
will be used for operations and expansion.

Item 3            Legal Proceedings

         The company currently has no ongoing legal proceedings

Item 4            Submission of Matters to a Vote of Security Holders

         During  calender  year  1999,  no  matter  was  submitted  to a vote of
security holders, through the solicitation of proxies or otherwise.

Item 5            Market for Common Equity and Related Stockholder Matters

         The principal market for the Company's securities is the general public
market  maintained  by the  NASDAQ  "Over the  Counter  Bulletin  Board"  system
("OTC:BB").  The symbol for the Company's  stock is "TNKC." The Company's  stock
was "de-listed"  during June, 2000, for failure to timely file required reports,
including this Form 10-KSB, with the Securities and Exchange  Commission.  As of
the date the Company  stock was  "de-listed,"  there is no public market for the
stock.


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         The high bid and low bid range since March 22, 1999,  through September
27, 1999, was as follows:

                  High bid:         5.00000
                  Low bid:          0.01200

         Historical high bid and low bid range (last two years):

                                     High             Low

         1st quarter 1997          $.1875            $.00
         2nd quarter 1997           .03120            .03120
         3rd quarter 1997           .03120            .02
         4th quarter 1997           .02               .01

         1st quarter 1998           .02               .01
         2nd quarter 1998           .02               .00781
         3rd quarter 1998           .01               .01
         4th quarter 1998           .01               .006

         The   source   of  high   bid  and  low  bid   information   are   from
over-the-counter   market   quotations  and  those  quotations   likely  reflect
inter-dealer prices,  without retail mark-up,  mark- down, or commission and may
not reflect actual transactions. The actual figures represented herein are taken
from INVESTools as of September 27, 1999.

         As of December 31, 1999, the stock had a high-low bid/ask range of $.12
to $.15 per share, per J. Alexander Securities, a market maker in the stock.

         There are  approximately  1120  holders of common stock in the Company.
There are no holders of preferred stock.

         There are  19,196,016  shares of common  stock  outstanding.  There are
1,462,487 free- trading shares of common stock.

         There are two (2) shareholders  which hold five percent (5%) or more of
the outstanding common stock of the Company:

                  Blue Ridge Finance Company, Inc.    10,310,000     53.7%
                  John S. Schoene                      5,000,000       26%

         No cash  dividends  have  been  declared  by the  Company  and none are
anticipated.  The  Company's  policy  for the  foreseeable  future is to use any
available funds for expansion and operations.


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Item 6            Management's Discussion and Analysis for Plan of Operations

         The Company is a "small  business  issuer" that has had  revenues  from
operations  in the  last  fiscal  (calendar)  year and has  furnished  financial
statements  in  conjunction  with this  filing.  In its Form 10-SB  filing,  the
Company elected to provide all  information  regarding its plan of operation for
the next  twelve  (12)  months  in  narrative  form and  included  "Management's
Discussion and Analysis or Plan of Operation" pursuant to Regulation ss.228.303.

         Pursuant to alternative 3, Part I, "General Instructions" regarding the
use of Form 10SB,  the Company chose the  "disclosure  model" which includes the
information  required by Items 101, 102, 202, 303, 401, 402, 403, and 404 in the
Form 10SB.  That  information  is  incorporated  in this document for historical
reference and contrast only.

         The  Company  has  operated  at a loss  during  1999,  and  anticipates
continuing to operate at a loss through  2000.  Except for the influx of working
capital in  exchange  for common  stock,  as  described  above (the "Blue  Ridge
Agreement"  detailed  above),  the Company  would not have been able to continue
operations.

         All of the information from Item 1 above is incorporated herein.

         The Company's  operations and plan of business have altered drastically
after the sale of the  subsidiary,  Southern  Educational  Alliance,  Inc.  That
subsidiary was the Company's only source of revenue from operations or any other
source.

         Currently,  the  Company  intends to  continue  in an  Internet-related
business,  mainly  consisting of consulting  with  potential  clients  regarding
Internet business  applications and assisting companies in doing business on the
Internet.  No specific plan of business has yet been adopted by the Company, and
no potential markets or customers have been identified.

         The  Company  has no  revenues  and no  prospects  for  revenues at the
present.

         The  Company  currently  has no  marketing  program,  no  products,  no
customers,  no clients, no advertising program, and only one employee,  the CEO,
Jennifer L. Brenner. Ms. Brenner does not devote all of her time to the Company,
and receives no salary or benefits. Ms. Brenner is also the sole director of the
Company,  Mr.  Daniels  and Mr.  Edwards  having  resigned.  Ms.  Brenner has no
relevant  experience in the Company's intended Internet  consulting  operations.
The  Company  does not plan to add  staff or  contract  labor to  implement  its
intended plan of operations.

         The Company has a minimum of available  funds as shown in the financial
statements,  and  intends  to use Ms.  Brenner,  in her  capacity  as an  unpaid
officer,  as its contact with potential  clients and customers.  It is uncertain
whether the Company can generate  revenue with an  uncertain  business  plan and
only one  part-time  employee.  The Company has no lines of credit or ability to
obtain credit, and no property for collateralizing any loan.

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         The  Company's  prior  revenue  history  is  not an  indication  of the
Company's  future  revenues,  as the subsidiary that provided those revenues has
been sold and the Company has no present operations beyond the intent to consult
and contract with, on a fee basis, clients and customers in an attempt to assist
them in utilizing the Internet in their businesses.

         The Company does not  presently  engage in any business  operations  in
connection  with its'  former  subsidiaries,  Internet  Presentations,  Inc.  or
Southern Education Alliance,  Inc., f/d/b/a GoThink Tech, and has no plans to do
so in the future.

Item 7            Financial Statements

                  See attached.

         The  Company had working  capital of $202,448 at June 30,  1999.  As of
December 31, 1999,  the Company had no working  capital,  a negative  balance of
$40,008.00, in that category. For the six months ended June 30, 1999 the Company
recorded a  consolidated  net loss of $246,182.  At year end, as of December 31,
1999, the Company recorded a net loss of $358,362.00.

         At June 30,  1999,  included  in the  subsidiary's  loss was a one-time
acquisition  cost of  $619,121  related to the reverse  acquisition  between the
Company and SEA. Assets of the Company at June 30, 1999 (excluding  intercompany
items)  are  $293,146  and  the  subsidiary's  assets  are  $150,537  for  total
consolidated  assets of $443,683.  As of December 31, 1999,  the  subsidiary had
been  sold  as  described  above  and  the  Company's  assets  totaled  $319.00.
Liabilities  of the Company at June 30, 1999 were  $82,208 and the  subsidiary's
liabilities  (excluding  intercompany items) were $60,703 for total consolidated
liabilities of $142,911. As of December 31, 1999, the Company's liabilities were
$40,327.00.

         Net revenue for 1998 was $200,357  compared with $205,888 for 1997. Net
revenue  for  1999  was  $116,617.00.  The  sale  of  the  subsidiary,  Southern
Educational  Alliance,  Inc.,  will mean that the Company  will have no revenues
from operations or any other sources for the foreseeable future.

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

         The Company's  accountants  have been Smith & Company  since  February,
1999,  with that firm being asked to withdraw as of May 23, 2000.  The Company's
accountants have, therefore,  changed as reported in the Company Form 8-K filing
dated May 23,  2000.  Current  management  is unaware of the  identity of former
accountants of the Company prior to February, 1999.

         The Company appointed the firm of Parks, Tschopp,  Whitcomb & Orr, 2600
Maitland

                                     - 12 -

<PAGE>



Center Pkwy,  Maitland,  Florida  32751-7221,  as its  Independent  Accountants,
effective as of May 23, 2000. Smith & Company,  the Company's prior  Independent
Accountants,  who are located in Salt Lake City, Utah, were dismissed  effective
as of May 23, 2000. There were no disagreements  between the Company and Smith &
Company. The change was made by the Board of Directors who felt it made sense to
have their  auditor  located in Florida,  which is the location of the corporate
headquarters.

         The  report  of Smith &  Company  on the  financial  statements  of the
Company for each of the two calendar years in the period ended December 31, 1998
and for the six months ended June 30, 1999, did not contain any adverse  opinion
or disclaimer of opinion and were not qualified or modified as to audit scope or
accounting principles. The report did contain a going concern paragraph.

         During the Company's  most two recent  fiscal years and all  subsequent
interim periods preceding the change in auditors, there was no disagreement with
Smith & Company on any matter of accounting  principles or practices,  financial
statement disclosure,  or auditing scope or procedure,  which if not resolved to
the satisfaction of Smith & Company,  would have caused them to make a reference
to the subject matter of the disagreements in connection with their report;  nor
has Smith & Company ever presented a written report,  or otherwise  communicated
in writing to the  Registrant  or its Board of  Directors  the  existence of any
"disagreement"  or  "reportable  event"  within  the  meaning  of  Item  304  of
Regulation S-K.

         Likewise,  there has been and is no disagreement  with Parks,  Tschopp,
Whitcomb & Orr on any matter of accounting  principles  or practices,  financial
statement disclosure,  or auditing scope or procedure,  which if not resolved to
the satisfaction of that firm, would have caused them to make a reference to the
subject matter of the  disagreements  in connection  with their report;  nor has
that firm ever presented a written report, or otherwise  communicated in writing
to the Company or its Board of Directors the existence of any  "disagreement" or
"reportable event" within the meaning of Item 304 of Regulation S-K.

         The Company has  authorized  Smith and Company to respond  fully to the
inquiries of the successor  firm  concerning the subject matter of the financial
affairs  of  the  Company,   including  any  possible   disagreements,   without
limitation.

         The Company has no proposed changes to the audited financial statements
prepared by its' accountants and has no  disagreements  with its' accountants or
with any former accountants  employed or engaged by the Company.  Other than the
change  from  Smith and  Company  as  reported  above,  no  accountant  has been
dismissed or has resigned  from  employment  or  engagement by the Company since
current management assumed control of operations in February, 1999.

         The current  accountants  have expressed their opinion in the financial
statements that the Company may be unable to continue as a going concern.


                                     - 13 -

<PAGE>



Item 9            Directors, Executive Officers, Promoters and Control Persons

         GoThink.Com, Inc.  (Currently)

         Directors:      Jennifer L. Brenner, (Date of Birth 06/20/75), age 25.

         Executive Officers:        C.E.O. and President    Jennifer L. Brenner

         GoThink.Com, Inc.  (Through December 31, 1999)

         Directors:        Ron Daniels, age 38
                             Thomas Edwards, age 31
                            Jennifer Brenner, age 25

         Executive Officers:        C.E.O. and President         Ron Daniels
                                    Chief Operations Officer     Thomas Edwards

         Southern Educational Alliance, Inc. (subsidiary) d/b/a "GoThink Tech"
         (Effective through September 30, 1999)

         Directors:        Ron Daniels
                           Thomas Edwards

         Executive Officers:        C.E.O. and President          Ron Daniels
                                    Chief Operations Officer      Thomas Edwards

         Frank  Mulcahy was formerly an officer of  GoThink.Com,  Inc. and was a
director of that  entity  through  August,  1999.  When IPI was  divested by the
Company,  Mr. Mulcahy  ceased serving as an officer or director of  GoThink.Com,
Inc. Mr. Mulcahy was never an officer or director of the other subsidiary, SEA.

         There were no other  "significant  employees" whom the Company expected
to make a  significant  contribution  to the  business  and  there are no family
relationships between Mr. Edwards and Mr. Daniels.

         Mr. Daniels has been involved as senior  executive  officer of Southern
Educational Alliance, Inc. and its predecessor, Southwest Medical Academy, since
their inception.  He has experience in the vocational training environment as an
executive,  owner, and manager. Mr. Edwards is an independent businessman with a
variety of experience in small public and private companies. Mr. Daniels severed
his relationship with the Company, as set out in Item 1, effective September 30,
1999.

         Neither Mr. Edwards nor Mr.  Daniels have filed for  bankruptcy  relief
within the last five years.  Neither Mr.  Edwards nor Mr. Daniels have been sued
in the last five years, and have not

                                     - 14 -

<PAGE>



been the subject of any  enforcement  or  regulatory  enforcement  action by any
state or federal agency within the last five years,  and are not now involved in
any such  proceedings.  Neither  Mr.  Daniels  or Mr.  Edwards  have  ever  been
convicted  of a felony  or a crime  involving  moral  turpitude  and are not now
involved in any such  proceeding.  Neither Mr. Edwards nor Mr. Daniels have ever
been  subject  to any  order,  judgment,  or decree  of any  court of  competent
jurisdiction  permanently  or  temporarily  enjoining,  barring,  suspending  or
otherwise  limiting  their  involvement  in any type of business,  securities or
banking  activities.  Neither Mr. Daniels nor Mr. Edwards have ever been accused
or found by a court of competent jurisdiction, the SEC, or the Commodity Futures
Trading Commission to have violated a federal or state securities or commodities
law.

         The terms of office for the  officer  and  director  of the Company are
annually  for  directors  and at the  pleasure  of the  Board of  Directors  for
officers.  Blue Ridge Finance Company, Inc. controls a majority of voting common
shares in the Company  and will  control  the  composition  of the Board and the
election of its' members by virtue of the agreement between the Company and Blue
Ridge, as detailed, above.

         Ms. Brenner is currently the only employee of the Company. There are no
other  "significant  employees"  whom the Company  expects to make a significant
contribution to the business.

         Ms.  Brenner's  has been  employed  as a Vice  President  of Blue Ridge
Finance Company,  Inc., from 1997 to present.  She holds no other  directorships
with publicly-traded or reporting companies.

         Ms.  Brenner has not filed for  bankruptcy  relief within the last five
years.  Ms.  Brenner has not been sued in the last five years,  and has not been
the subject of any enforcement or regulatory  enforcement action by any state or
federal  agency within the last five years,  and is not now involved in any such
proceedings.  Ms.  Brenner  has  never  been  convicted  of a felony  or a crime
involving  moral turpitude and is not now involved in any such  proceeding.  Ms.
Brenner has never been subject to any order, judgment, or decree of any court of
competent jurisdiction permanently or temporarily enjoining, barring, suspending
or otherwise  limiting her  involvement  in any type of business,  securities or
banking  activities.  Ms.  Brenner has never been accused or found by a court of
competent jurisdiction,  the SEC, or the Commodity Futures Trading Commission to
have violated a federal or state securities or commodities law.

         Compliance with Section 16(a) of the Exchange Act.

         Based  solely  upon a review of Forms 3 and 4, (17 C.F.R.  249.103  and
249.104),  and Form 5, during the year-ended December 31, 1999, furnished to the
Company (of which there were none), and any written  representations  pertaining
thereto (of which  there were none),  the Company is not aware of any person who
was a director,  officer,  or  beneficial  owner of more than ten percent of any
class of equity securities of the Company ("reporting person") that failed

                                     - 15 -

<PAGE>



to file,  on a timely basis,  reports  required by Section 16(a) of the Exchange
Act  during  that or prior  applicable  fiscal  (calendar)  years.  The  Company
believes  that Section 16(a) of the Exchange Act did not apply to the Company or
to any "reporting person" associated with the Company during 1999.

Item 10           Executive Compensation

         The Company had two executive officers during 1999: Ron Daniels and Tom
Edwards. Mr. Daniels was the CEO through December 31, 1999, with his resignation
retroactive to September 30, 1999. These two comprised the Company's most highly
compensated  executives.  There  were no other  individuals  who were  executive
officers during 1999. Jennifer L. Brenner did not become an executive officer in
calendar year 1999.

         There  is no stock  appreciation  plan  (SAR) in place in the  Company.
There is no long term compensation  plan in place in the Company.  The executive
officers do not hold and are not compensated by warrants or options in the stock
of the Company,  except by contractual agreement as set out in Item 1 (the "Blue
Ridge Agreement").

         The executive officers receive  compensation only in the form of annual
monetary  compensation and reimbursement of expenses,  however, both Mr. Daniels
and Mr.  Edwards had been awarded  additional  shares of stock in the Company to
ensure their  continued  employment  and  affiliation  with the  Company.  Those
transactions are detailed above.  The executive  officers receive no bonuses and
no bonus plan is in place in the Company.

         Since February,  1999, the executive  officers of the Company  received
the following compensation:

                                  Salary       Reimbursement for Expenses

                  Ron Daniels     $10,000      --
                  Tom Edwards     $13,500      -

         Further,  Mr. Daniels and Mr. Edwards were awarded additional shares of
stock in the Company to ensure their continued  employment and affiliation  with
the Company.  Those  transactions  are detailed above in Item 1 (the "Blue Ridge
Agreement").  Mr. Daniels' shares have been reduced,  as set out above,  and Mr.
Edwards has surrendered his shares to the Company, as set out above.

         The   directors  of  the  Company  are  not   compensated   except  for
reimbursement of expenses for attending meetings.

         Mr. Edwards does not have an employment  contract or agreement with the
Company,  except for certain terms  contained in the  Agreement  with Blue Ridge
Finance  Company,  Inc.,  as explained  in Item 1. Mr.  Edwards has resigned his
positions with the Company, surrendered his

                                     - 16 -

<PAGE>



shares to the Company,  and is no longer associated with the Company, as set out
above.

         Mr.  Daniels  had  an  employment  agreement  with  the  Company.  That
employment agreement was reached as part of the October 29, 1999, Agreement with
Blue  Ridge  Finance  Company,  Inc.  Mr.  Daniels  was  guaranteed  a salary of
$5,000.00  per month,  as was Mr.  Edwards,  the Chief  Operating  Officer.  Mr.
Daniels was also assigned the right to recover his business-related expenses and
thirty percent (30%) of the net profits of the subsidiary,  payable quarterly in
stock or cash, at the discretion of the Company. The Agreement provided that Mr.
Daniels  would  be the  Chief  Operating  Officer  of the  Company  and that Mr.
Edwards, by future Board action,  would be elected Chief Executive Officer.  Mr.
Daniels was also awarded a ten year employment contract with the Company, on the
terms set out  above,  with a  provision  that he would not be  terminated  from
employment  except for  "cause."  ("Cause" was defined to mean  "criminal  acts,
fraud,  gross  negligence,  or  breach of  fiduciary  duty.)  Additionally,  the
Agreement with Blue Ridge  provided that Mr.  Daniels would receive  "restricted
stock" in such amount so that Mr.  Daniels  would own,  after the  Agreement,  a
total of  2,500,000  shares in the Company.  Further,  Mr.  Daniels  obtained an
option  in  the  Agreement  to  purchase  all of the  outstanding  stock  in the
subsidiary  and obtain sole  ownership  of the  subsidiary  by  returning to the
Company  ninety  percent  (90%) of the shares of the Company  owned by him.  The
Company  agreed to pay Blue Ridge a monthly  consulting  fee of $5,000.00  for a
period of three years from the date of the Agreement.

         As noted in Item 1, Mr.  Daniels  tendered  the  required  stock to the
Company for the purchase of the subsidiary, Southern Educational Alliance, Inc.,
and severed his relationship with the Company.

         Mr.  Edwards  continued  to serve  in his  capacities  as noted  herein
through December 31, 1999. Mr. Edwards  resigned his positions  effective May 1,
2000, and his services were canceled.  As noted above,  Mr. Edwards  surrendered
his shares to the Company.

         There is no "buy-sell"  agreement in place with respect to any officers
or any other shareholders and the Company, except to the extent that Mr. Daniels
had the option outlined above regarding the ownership of the subsidiary.

         The  Company  has no policy  regarding  severance  pay or  benefits  or
compensation for retirement or longevity of service.

Item 11           Security Ownership of Certain Beneficial Owners and Management

                  Blue Ridge Finance Company, Inc.            10,310,000
                  John Schoene                                 5,000,000
                  Ronnie Daniels and Sheila Daniels              800,000

         There are no  agreements or  arrangements  that may lead to a change in
control of the Company. The Company is controlled by its' majority  stockholder,
Blue Ridge Finance

                                     - 17 -

<PAGE>



Company,  Inc. No holder  listed  above has been  granted or owns any  warrants,
options, or conversion  privileges to purchase additional shares or convert its'
shares to any other class or for additional stock in the Company.  Frank Mulcahy
does own options to purchase  shares of common stock in the  Company,  but those
total less than one  percent of the  outstanding  stock of the  Company and were
described in the Company's Form 10-SB filing.

         The Company is  effectively  controlled by Blue Ridge Finance  Company,
Inc.,  the holder of a majority of  outstanding  common stock.  That control was
granted in exchange for the infusion of capital for  operations  in an Agreement
dated on or about October 29, 1999, as detailed in Item 1.

Item 12           Certain Relationships and Related Transactions

         The only covered transactions  involving the Company and its' officers,
directors, nominees, or beneficial interest holders or stockholders are as noted
above and as detailed in the Company's Form 10-SB filing, involving the transfer
of SEA stock to the Company and the issuance of shares to StockPlayer.Com,  Inc.
for its' services.

         As  noted  above,  on  February  16,  1999,  EFO Inc.  agreed  to issue
2,650,000   shares  of  its'  common  stock  to  acquire  two   corporations  as
subsidiaries:   Southern   Educational   Alliance,   Inc.   (SEA)  and  Internet
Presentations,  Inc.  (IPI).  At the time of the  transaction,  Mr. and Mrs. Ron
Daniels were the sole  shareholders  and directors of SEA and Mr. and Mrs. Frank
Mulcahy were the sole shareholders and directors of IPI.

         The stock in the  Company  was  issued on April,  8,  1999,  along with
350,000  shares  for  fees  for  professionals  and  promoters  related  to  the
transaction.  Mr. and Mrs. Ron Daniels received  1,325,000 shares in the Company
and the Company  became the sole  shareholder of SEA. Mr. and Mrs. Frank Mulcahy
received  1,325,000  shares  in the  Company  and the  Company  became  the sole
shareholder of IPI.

         The professionals and promoters involved in the offering and the number
of shares they received in the offering are: James Skalko (100,000 shares); Blue
Ridge Finance Company, Inc. (100,000 shares);  Douglas Hackett (100,000 shares);
Phil Tannenbaum (30,000 shares);  Tom Edwards (20,000 shares);  Michelle K. Cain
[attorney  involved  in the  preparation  of  the  offering  materials]  (20,000
shares).  Additionally,  the Daniels and the Mulcahys,  as noted above, would be
considered "promoters" of the offering.

         The professionals  involved were Ms. Cain, who provided legal services.
Shares were issued to her based on the fair market value of those services.

         Blue Ridge Finance  Company,  Inc., Mr.  Hackett,  and Mr. Edwards were
issued  shares for  commercial  services  relating  to the  organization  of the
offering and the shares issued to them  initially  were based on the fair market
value of those services.


                                     - 18 -

<PAGE>



         The  holdings of  StockPlayer.Com,  Inc.  were issued by the Company in
exchange for anticipated  services pursuant to a written contract and the shares
issued to  initially  were  based on the fair  market  value of those  services.
However,  that contract has been  terminated by the Company and the shares to be
transferred to StockPlayer.Com, Inc. have been put on hold pending a decision by
the board of directors regarding the disposition of that stock and further legal
action by the Company.

         In the case of shares issued to officers, promoters, and professionals,
the liability for  compensation  expense was recorded based on fair market value
of the services  rendered.  The stock  issued at the time of the  reorganization
transaction (February, 1999) was issued to retire the liability in the amount of
approximately $215,000.00. The Company considered SFAS 123, Accounting for Stock
Based Compensation,  when it compensated certain owners of EFO, Inc. to finalize
the  reorganization  of the  Company  as well as the  officers,  promoters,  and
professionals.  The shares issued to Mr. Daniels and Mr.  Mulcahy,  as described
above, was for the exchange of stock in their companies.

         There are no other transactions, or proposed transactions, to which the
Company was or is to be a party in which any officer,  director,  or nominee for
officer or director,  or any security holder,  or any immediate family member of
any of those classes of persons, was to be involved, except as noted.

         Certain owners of EFO, Inc. stock at the time of the acquisition of SEA
were given  stock in the Company to reflect  the  reorganization  of the Company
under its current  business  plan.  Those  persons were given stock by virtue of
their position as directors,  officer,  creditors,  or shareholders of EFO, Inc.
The Company  issued  215,731  shares of common  stock to those  persons for this
purpose.

Item 13           Exhibits and Reports on Form 8-K

         The following  Exhibits have been previously  filed with the Commission
with the Company's  Form 10-SB,  and those Exhibits are  incorporated  herein by
reference:

                  Plan of Reorganization
                  Articles of Incorporation
                  By-Laws
                  Agreement with Blue Ridge Finance Company, Inc.

         The Statement re:  Computation of Per Share Earnings  Accompanies  this
filing.

         The  letter on  change  by  certifying  accountant  was filed  with the
Company's Form 8-K dated May 23, 2000, and is incorporated herein by reference.

         The Power of Attorney executed by the Company accompanies this filing.


                                     - 19 -

<PAGE>




Index of Exhibits

         Plan of  Reorganization  (incorporated  by  reference;  filed with Form
         10-SB) Articles of Incorporation (incorporated by reference; filed with
         Form 10-SB) By-Laws (incorporated by reference;  filed with Form 10-SB)
         Agreement  with Blue  Ridge  Finance  Company,  Inc.  (incorporated  by
         reference; filed with
                  Form 10-SB)
         The Statement re: Computation of Per Share Earnings
         The      letter on change by  certifying  accountant  (incorporated  by
                  reference,  filed  with the  Company's  Form 8-K dated May 23,
                  2000)

         Power of Attorney


                                    SIGNATURE

         In  accordance  with  Section 13 of the  Exchange  Act, the Company has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                            GO THINK.COM, INCORPORATED



                                                Jennifer L. Brenner
                                              Chief Executive Officer


                                     - 20 -

<PAGE>


                            GOTHINK.COM, INCORPORATED
                                 AND SUBSIDIARY

                        Consolidated Financial Statements


                           December 31, 1999 and 1998



<PAGE>




                            GOTHINK.COM, INCORPORATED
                                 AND SUBSIDIARY

                        Consolidated Financial Statements

                           December 31, 1999 and 1998

                  (With Independent Auditors' Report Thereon)





<PAGE>




                            GOTHINK.COM, INCORPORATED
                                 AND SUBSIDIARY

                                Table of Contents



Independent Auditors' Report                                  1

Financial Statements:
         Consolidated Balance Sheet                           2
 Consolidated Statements of Operations                        3
         Consolidated Statements of Stockholders' Deficit     4
         Consolidated Statements of Cash Flows                5

Notes to Financial Statements                                 6


<PAGE>



Independent Auditors' Report



The Board of Directors
GoThink.Com, Incorporated and Subsidiary

We have audited the  accompanying  consolidated  balance  sheet of  GoThink.Com,
Incorporated and Subsidiary as of December 31, 1999 and the related consolidated
statements of operations, stockholders' equity, and cash flows for the year then
ended.  These  consolidated  financial  statements are the responsibility of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
consolidated financial statements based on our audit.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audit provides 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  GoThink.Com,
Incorporated  and  Subsidiary as of December 31, 1999,  and the results of their
operations  and their  cash  flows for the year then  ended in  conformity  with
generally accepted accounting principles.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in note 3 to the
consolidated  financial  statements,  the Company has  experienced net losses of
$358,362  and  $11,858  for the two years  ending  December  31,  1999 and 1998,
respectively. Sales have declined significantly in 1999, are minimal through May
31, 2000 and there is a  stockholders'  deficit of $40,008 at December 31, 1999.
Additionally,  the Company sold its operating  subsidiary  in  September,  1999.
These matters raise substantial doubt about the Company's ability to continue as
a going  concern.  The  accompanying  consolidated  financial  statements do not
include any adjustments  relating to the  recoverability  and  classification of
asset carrying  amounts or the amount and  classification  of  liabilities  that
might result should the Company be unable to continue as a going concern.


Parks, Tschopp, Whitcomb & Orr P.A.
Certified Public Accountants


June 22, 2000

<PAGE>

                                 Smith & Company
           A Professional Corporation of Certified Public Accountants

                          INDEPENDENT AUDITOR'S REPORT

Board of Directors
GoThink.Com Incorporated
(formerly Think!.Com Incorporated)

We have audited the accompanying consolidated statements of operations,  changes
in  stockholders'  (deficit),  and cash flows of  GoThink.Com  Incorporated  and
subsidiary for the year ended December 31, 1998. These financial  statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audit.

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

In our opinion, the consolidated  financial statements referred to above present
fairly,  in all  material  respects,  the  results  of  operations,  changes  in
stockholders'   (deficit),  and  cash  flows  of  GoThink.Com  Incorporated  and
subsidiary  for the year ended  December 31, 1998, in conformity  with generally
accepted accounting principles.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company  will  continue as a going  concern.  The Company has  suffered
losses from  operations  and has a substantial  need for working  capital.  This
raises  substantial doubt about its ability to continue as a going concern.  The
accompanying  consolidated  financial  statements do not include any  adjustment
that may result from the outcome of this uncertainty.


CERTIFIED PUBLIC ACCOUNTANTS

Salt Lake City, Utah
September 17, 1999



         10 West 100 South, Sutie 700, Salt Lake City, Utah 84101-1554
             Telephone: (801) 575-8297 - Facsimile: (801) 575-8306
                       E-mail: smith&co@smithandcocpa.com
          Members: American Institute of Certified Public Accountants
                Utah Association of Certified Public Accountants


<PAGE>



                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                           Consolidated Balance Sheet

                                December 31, 1999



                                     Assets
<TABLE>
<CAPTION>

Current assets:
<S>                                                                                             <C>
                      Cash                                                                      $                319
                                                                                                ====================


                                        Liabilities and Stockholder's Equity

Current
liabilities:
                      Accounts payable and accrued expenses                                     $             35,327
                      Advances from related party (note 5)                                                      5000
                                                                                                --------------------

                                                                              Total
                                                                              current liablities               40327
                                                                                                --------------------

Stockholders'
deficit:
                      Common stock, $.01 par value authorized
                      50,000,000 shares,
                         issued and oustanding 19,196,016                                                     191960
                      Treasury stock, 1,700,000 shares, at cost
                      (note 4)                                                                              (319000)
                      Additional paid-in capital                                                              617852
                      Stock subscription receivable (note 5)                                                (160600)
                      Accumulated deficit                                                                   (370220)
                                                                                                --------------------

                                                                              Total                          (40008)
                                                                              stockholders' deficit
                                                                                                --------------------

                                                                                                $                319
                                                                                                ====================
</TABLE>

          See accompanying notes to consolidated financial statements.

                                       2




<PAGE>

                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                      Consolidated Statements of Operations

                     Years Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>
                                                                                               1999                    1998
                                                                                       --------------------    --------------------

<S>                                                                                    <C>                                   <C>
Net sales                                                                              $            116,617                  200357

Operating expenses                                                                                   571866                  205415
                                                                                       --------------------    --------------------

                    Operating loss                                                                 (455249)                  (5058)

Other expense
        Bad
        debt - related party (note 5)                                                              (201109)                       0
        Gain from sale of subsidiary (note 4)                                                        250140                       0
        Interest expense                                                                                  0                  (6800)
        Acquisition costs (note 9)                                                                 (619121)                       0
                                                                                       --------------------    --------------------

              Loss before income taxes and extraordinary item                                     (1025339)                 (11858)

              Income tax expense (note 6)                                                                 0                       0
                                                                                       --------------------    --------------------

                    Loss before extraordinary item                                                (1025339)                 (11858)

              Extraordinary item:  Gain from debt restructuring (note 5)                             666977                       0
                                                                                       --------------------    --------------------

                    Net
                    loss                                                               $          (358,362)                 (11858)
                                                                                       ====================    ====================

Loss
per share of common stock                                                              $           (0.04)                         0
                                                                                       ====================    ====================

Weighted average number of shares outstanding                                                       9787360                 3285385
                                                                                       ====================    ====================
</TABLE>




          See accompanying notes to consolidated financial statements.



                                       3


<PAGE>



                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                Consolidated Statements of Stockholders' Equity

                     Years Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>
                            Common
                             Stock                  Treasury Stock
                                                                        Additional                    Stock
                       Number of                 Number of               Paid-in     Accumulated   Subscription   Stockholders'
                        Shares       Par Value    Shares       Cost      Capital       Deficit       Receivable     Deficit
                       ----------    ---------   ---------   --------   ----------   -----------   ------------   -------------
<S>                    <C>           <C>         <C>         <C>        <C>          <C>           <C>            <C>
Balance at
December
31, 1997                  3285385        32854           0          0       (28677)            0              0            4177

Net loss for
the year ended
December
31, 1998                        0            0           0          0            0        (11858)             0          (11858)
                       ----------    ---------   ---------   --------   ----------   -----------   ------------   -------------
Balance at
December
31, 1998                  3285385        32854           0          0       (28677)       (11858)             0           (7681)

Net loss for
the year ended
December
31, 1999                        0            0           0          0            0       (358362)             0         (358362)

Shares
issued for cash          12968000       129680           0          0       744676             0        (160600)         713756

Shares issued for
assets, services
and debt retirement       2942631        29426           0          0       177238             0              0          206664

Acquisition
of subsidiary                   0            0           0          0      (275385)            0              0         (275385)

Sale of
subsidiary                      0            0     1700000    (319000)           0             0              0         (319000)
                       ----------    ---------   ---------   --------   ----------   -----------   ------------   -------------
Balances at
December
31, 1999                 19196016    $ 191,960     1700000*   (319000)      617852       (370220)       (160600)         (40008)
                       ==========    =========   ========= ==========   ==========   ===========   ============   =============
</TABLE>




          See accompanying notes to consolidated financial statements.

                                       4

<PAGE>


                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                      Consolidated Statements of Cash Flows

                     Years Ended December 31, 1999 and 1998




<TABLE>
<CAPTION>
                                                                                      1999                    1998
                                                                               -------------------     -------------------
Cash
flows
from operating activities:

<S>                                                                            <C>                     <C>
        Net                                                                              (358,362)
        loss                                                                   $                                   (11858)
        Adjustme
        nts to reconcile net loss to net cash

        used
        by operating activities:
              Depreci
              ation and amortization                                                          7643                   12064
              Issuanc
              e of common stock for services                                                206664                       0
              Acquisi
              tion of subsidiary                                                          (275385)                       0
              Sale of
              subsidiary                                                                  (319000)                       0
              Cash
              provided by (used for) changes in:
                    Accounts
                    receivable                                                               22400                  (5481)
                    Account
                    payables                                                                 77017                   12801
                    Deferre
                    revenued                                                               (10000)                    2500
                           Net cash
                           used in
                           operating activities                                           (649023)                   10026
                                                                               -------------------     -------------------

Cash
flows
from investing activities:
        Purchase
        of equipment                                                                       (23542)                 (13940)
                           Net cash
                           used in
                           investing activities                                            (23542)                 (13940)
                                                                               -------------------     -------------------

Cash
flows
for financing activities:
        Loan
        repayments                                                                         (40000)                       0
        Proceeds
        from issuance of common stock                                                       713756                       0
                                                                               -------------------     -------------------
                           Net cash
                           provided by financing activities                                 673756                       0
                                                                               -------------------     -------------------

                           Net increase
                           (decrease)
                           in cash                                                            1191                  (3914)

Cash
at beginning of year                                                                         (872)                    3042
                                                                               -------------------     -------------------
Cash                                                                                           319                   (872)
at end of year                                                                 $                       $
                                                                               ===================     ===================

Supplemen
tal disclosures:
        Cash
        paid
        during the year for:
                                                                                                 0
        Inter
        est                                                                    $                                      4000
                                                                               ===================     ===================

                                                                                                 0
        Income taxes                                                           $                                         0
                                                                               ===================     ===================

Supplemental schedule of non-cash investing activities:
                                                                                            47,500
Common stock issued for fixed assets                                           $                                         0
                                                                               ===================     ===================

</TABLE>

          See accompanying notes to consolidated financial statements.

                                       5



<PAGE>


                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                   Notes to Consolidated Financial Statements

                           December 31, 1999 and 1998

(1) Summary of Significant Accounting Policies

(a) Principles of Consolidation and Basis of Presentation

         The  accompanying   consolidated   financial   statements  include  the
financial  statements of GoThink.Com,  Incorporated (the Company) and its wholly
owned subsidiary, Southern Educational Alliance, Inc. ("SEA") d/b/a GoThink Tech
(GTT).  All  significant   intercompany  balances  and  transactions  have  been
eliminated in consolidation.

         Effective   February  16,  1999,  the  Company  acquired  100%  of  the
outstanding  common stock of SEA for 1,325,000 newly issued common shares of the
Company.  Effective September,  1999, the Company sold its interest in SEA. (See
note 4.)

         The  acquisition  of SEA was  treated as a reverse  acquisition  of the
Company  by SEA.  In a  reverse  acquisition,  the  shareholders'  equity of the
acquirer prior to the merger is retroactively restated for the equivalent number
of shares  received in the merger after giving  effect to any  difference in par
value of the issuer's and  acquirer's  stock  recognized as  additional  paid-in
capital.  All  share  and  per  share  information  has  been  presented  in the
accompanying consolidated financial statements as if the reverse acquisition and
recapitalization  has occurred on September 1, 1996,  the inception  date of SEA
and its predecessor entities.

(b) Dividend Policy

         The  Company  has not yet  adopted  any  policy  regarding  payment  of
dividends.

(c) Revenue Recognition

         Revenue is recognized as services are rendered.

(d) Allowance for Uncollectible Accounts

         The Company provides an allowance for uncollectible accounts based upon
prior experience and management's  assessment of the  collectability of existing
accounts.

(e) Cash and Cash Equivalents

         For financial  statements  purposes,  the Company  considers all highly
liquid  investments  with an  original  maturity  of three  months  or less when
purchased to be cash equivalents. (Continued)

                                        6
<PAGE>


                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                   Notes to Consolidated Financial Statements



(1)       Summary of Significant Accounting Policies

(f) Income Taxes

         Deferred tax assets and  liabilities  are recognized for the future tax
consequences   attributable  to  temporary  differences  between  the  financial
statements  carrying  amounts  of  existing  assets  and  liabilities  and their
respective tax bases and operating loss and tax credit  carryforwards.  Deferred
tax assets and  liabilities  are measured  using  enacted tax rates  expected to
apply to taxable income in the years in which those  temporary  differences  are
expected to be recovered or settled.  Changes in tax rates are recognized in the
period that includes the enactment date.

(g) Property and Equipment

         Property and equipment are stated at cost.  Furniture and equipment are
depreciated  using the  straight-line  method over the estimated  lives (five to
seven  years)  of  the  assets.   Leasehold  improvements  are  amortized  on  a
straight-line basis over the shorter of the lease term or the useful life of the
asset. Such  depreciation and amortization is included in operating  expenses on
the consolidated statements of operations.

(h) Use of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements.  Estimates also affect the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.

(i) Credit Risks

         Financial   instruments  which  potentially   subject  the  Company  to
concentrations  of credit risk consist  principally  of trade accounts and notes
receivable.  The Company  sells its products to  customers,  at times  extending
credit  for such  sales.  Exposure  to  losses  on  receivables  is  principally
dependent on each customer's  financial  condition and their ability to generate
revenue  from the  Company's  products.  The Company  monitors  its exposure for
credit losses and maintains allowances for anticipated losses.


(Continued)
                                        7
<PAGE>

                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                   Notes to Consolidated Financial Statements



(2) Organization and History

         The Company was originally organized on July 30, 1954 under the laws of
the State of Utah as Bapco  Uranium  and Oil,  Inc.  and was known as  Southwest
Border  Corporation  from 1988  through  1993.  In 1993,  in  connection  with a
business  combination with EFO Technologies,  Inc., Southwest Border Corporation
changed its name to EFO, Inc. and changed its state of  incorporation  from Utah
to Nevada.

         On February 18, 1999,  the Company  sold EFO  Technologies,  Inc. for a
nominal  amount.  The buyer also received an option to purchase 20,000 shares of
the Company's  restricted  stock within thirty days of the agreement for $10.00.
The  Company  also  agreed to  indemnify  the buyer  from any and all  claims or
liabilities in connection with the buyer's purchase of the stock of EFO.

         On  February  16,  1999,  the  Company  agreed  in  principal  to issue
2,650,000  shares of its common  stock to  acquire  two  subsidiaries,  Internet
Presentations,  Inc.  ("IPI") and SEA.  The stock was issued on April 8, 1999 in
addition  to  350,000  shares  for  fees  related  to the  transaction.  SEA was
incorporated  on December  10,  1998 to continue  the  activities  of  Southwest
Medical Academy which had operated as a sole  proprietorship.  SEA  subsequently
changed its name to GoThink Tech, Inc.

         Subsequent  to issuing the stock to acquire IPI, the company  rescinded
the  acquisition of IPI. The Company  cancelled  1,325,000  shares issued in the
transaction  and issued 200,000 shares of its stock to the principal of IPI. The
principal of IPI also received options to purchase the Company's common stock as
follows:

                                                      Option Price
          Exercise Date            Shares              per Share
        August 1, 2000             50,000              $  1.00
        February 1, 2000           50,000                 1.50
        August 1, 2001             50,000                 2.00
        February 1, 2002           50,000                 2.50

         All options  expire  within one hundred  eighty  (180) days of the last
listed exercise date.

         On  March  3,  1999  the  Company   changed  its  name  to   Think!.Com
Incorporated  and on  June  10,  1999  the  name  was  changed  to  GoThink.Com,
Incorporated.




(Continued)

                                        8

<PAGE>


                    GOTHINK.COM, INCORPORATED AND SUBSIDIARY

                   Notes to Consolidated Financial Statements

(3)      Going Concern

         The Company's  consolidated financial statements have been presented on
a going concern basis which contemplates the realization and the satisfaction of
liabilities in the normal course of business. As more fully described below, the
liquidity of the Company has been adversely  affected by significant losses from
operations.  The Company  reported  net losses of  $358,362  and $11,858 for the
years ended  December 31, 1999 and 1998,  respectively.  Additionally,  revenues
have decreased  approximately 25 percent in 1999 compared to 1998, sales through
May,  2000 are  minimal  and there is a  stockholders'  deficit  of  $40,008  at
December 31, 1999.

         These  conditions,  in  addition  to the sale of SEA (See note 4),  the
Company's  operating  subsidiary,  raise  substantial  doubt about the Company's
ability to continue as a going concern without additional capital  contributions
and/or achieving  profitable  operations.  Management's plans are to develop new
products  or to  acquire  new  products  through  acquisitions.  There can be no
assurance that the Company will be successful in accomplishing its objectives.

 (4)     Sale of Subsidiary

         Effective  September  30,  1999,  the Company  sold all of its stock in
GoThink Tech to a former shareholder and officer.  In exchange for its stock and
$10,000 cash, the Company received  1,700,000 shares of its common stock,  which
has been recorded as treasury stock in the accompanying financial statements. On
the date of sale,  GTT had little or no equity and the stock returned had a fair
value of approximately $319,000. The results of operations through September 30,
1999 of GTT have been included in the accompanying financial statements.

 (5)     Related Party Transactions

         In  1999,   the  Company   recorded   bad  debt  expense  of  $201,109,
representing  an  uncollectible  receivable  from  IPI,  which  represents  cash
advances and expenses paid on its behalf by the Company prior to rescinding  the
acquisition of IPI. (See note 2)

         The Company recorded  $666,977 as an  extraordinary  income item in the
accompanying  financial  statements.   This  was  primarily  as  result  of  the
forgiveness  of debt owed to former  officers of EFO.  Subsequent to the reverse
acquisition,  they sold all of their stock in the Company to an unrelated  party
and stated in separate  agreements that they had no future claims or interest in
the  Company.  They had not been  officers  for at least two years  prior to the
reverse acquisition.

         At December 31, 1999, the Company recorded a subscription receivable of
$160,600  from the  majority  shareholder,  resulting  from the  purchase by the
shareholder of an additional  10,000,000 shares of common stock in October, 1999
for $200,000. In 1999, the Company received $39,400, and the remainder is due on
or before December 31, 2000.

         At December  31, 1999,  the Company  recorded  advances  from a related
party of  $5,000,  which  represents  fees  due the  majority  shareholder.  The
advances are non-interest bearing and due on demand.
(Continued)


                                        9
<PAGE>


                                  GOTHINK.COM,
                           INCORPORATED AND SUBSIDIARY

                   Notes to Consolidated Financial Statements

 (6)     Income Taxes

         At December 31, 1999, the Company had  approximately  $2,000,000 of net
operating  losses for  financial  statement  and income tax purposes  which will
expire in varying amounts commencing in 2007 through 2019. A valuation allowance
equal to the tax benefit of the net operating losses has been established  since
it is  uncertain  that  future  taxable  income  will  be  realized  during  the
carryforward period. Accordingly, no income tax provision has been recognized in
the accompanying financial statements.

(7)      Lease Obligation

         At December 31, 1999, the Company had no lease obligations.

(8)      Earnings (loss) per Share

         Earnings  (loss) per share of common  stock in 1999 and 1998 were based
on the weighted average number of shares outstanding during those periods, after
giving  effect to a 1:100  reverse  stock  split  effective  March 24,  1999 and
retroactively applied and assumed conversion of any stock options.

(9)      Goodwill

         The Company recorded  goodwill in the amount of $619,121 as a result of
the reverse  acquisition of SEA.  Goodwill would  ordinarily be capitalized  and
amortized as expense over its  estimated  useful life.  During 1999,  management
determined  that  this  asset had been  impaired  and  ascribed  no value to the
goodwill. Accordingly, the $619,121 was expensed entirely in 1999.

                                       10