UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

X ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
--

For the Fiscal Year Ended: September 30, 1999
                          --------------------
Commission file number: 000-26969



                            Consolidated Data, Inc.
                            -----------------------
                 (Name of small business issuer in its charter)



                Colorado, USA                       84-1343219
          ----------------------------      ----------------------------
          (State or other Jurisdiction    (IRS Employer Identification No.)
       of Incorporation or Organization)

        6912 220th St SW, Suite 320, Mountlake Terrace, Washington 98043
        ----------------------------------------------------------------
                    (Address of principal executive offices)

                     Issuer's Telephone Number, 425-672-6735
                                               -------------

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

        Securities to be registered pursuant to Section 12(g) of the Act:
                     10,784,000 Common Shares, no 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 report(s), and (2) has been
subject to such filing requirements for the past 90 days. Yes X  No ___
                                                             ---

Check if 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 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. ____

State the issuer's revenues for its most recent fiscal year: $27,558

The aggregate  market value of the voting and  non-voting  common equity held by
non-affiliates  based upon the  average  bid and asked price at January 11, 2000
was $4,304,250.

As of January 11, 2000, issuer had 10,864,000 shares of common equity issued and
outstanding.

Transitional Small Business Disclosure Format: Yes ____  No  X
                                                            ---





<PAGE>



                             CONSOLIDATED DATA, INC.

                                   Form 10-KSB
                                TABLE OF CONTENTS
                                     PART I
                                                                      Page

Item 1. Description of Business                                          3

Item 2. Description of Property                                         19

Item 3. Legal Proceedings                                               19

Item 4. Submission of Matters to a Vote of Securities Holders           19

                                     PART II


Item 5. Market for Common Equity and Related Stockholder
Matters                                                                 20

Item 6. Management's Discussion and Analysis or
Plan of Operation                                                       25

Item 7. Financial Statements                                            31

Item 8. Changes In and Disagreements With Accountants on
Accounting and Financial Disclosure                                     31

                                    PART III


Item 9. Directors, Executive Officers, Promoters and Control
Persons, Compliance With Section 16(a) of the Exchange Act              32

Item 10. Executive Compensation                                         35

Item 11. Security Ownership of Certain Beneficial Owners and Management 35

Item 12. Certain Relationships and Related Transactions                 37

Item 13. Exhibits and Reports on Form 8-K                               38





                                       2
<PAGE>
                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS
--------------------------------

Historical Corporate Development

Consolidated Data Inc. (hereinafter also referred to as the "Company" and/or the
"Registrant")   is  a  Company  in  the  development   stage.  The  Company  was
incorporated  July 14,  1995  under  the laws of the State of  Colorado  and was
originally known as Attache Holdings, Ltd. In November of 1998, Attache Holdings
Ltd. became Consolidated Data, Inc.


The   Company  was   inactive   until  it   acquired   Contractor's   Directory,
Inc.("Contractors   Directory")  on  April  17,  1997  via  a  stock  for  stock
acquisition in exchange for 1,000,000 shares of the Company's  restricted common
stock.  From 1997 to the first  quarter of 1999,  the  Company  was  exclusively
involved in the development of an e-Commerce business designed to fill the needs
of    the    construction    industry.     This    included    development    of
"contractors-directory.com".   Use  of  Contractors   Directory   allows  public
information to be downloaded,  via the Internet, and reformatted for ease of use
by  contractors  and  suppliers.   This  includes  credit  and  building  permit
information.(See "Contractors Directory") Contractor Directory is a wholly-owned
subsidiary of the Company.

In March 1999 the Company purchased a software system,  "YourBankOnline",  which
is now the  primary  focus  of the  Company.  Currently,  the  Company  actively
markets,  sells and  supports  the  software to members of the banking  industry
while still maintaining "contractors-directory.com".

Banking Software

Historical Development of YourBankOnline Software
-------------------------------------------------

River City Bank ("River City"), of Sacramento,  California  originally developed
YourBankOnline  in 1996 and 1997, and began offering a range of online services,
resulting  from  YourBankOnline  in September of 1997.  The system was developed
internally in order to offer state-of-the-art services to River City customers.

Following the successful  implementation at River City,  management licensed and
installed the system to three  community  banks located in northern  California,
Citizens Bank, Tri-Counties Bank and Auburn National Bank. River City also acted
as a service  bureau for these  banks.  (i.e.:  provided  them  other  computing

                                       3
<PAGE>

capabilities.)  In 1998,  the  management  of River City decided to focus on the
traditional  banking  services and did not expand the online  banking  system to
additional banks.

DTEK  Corporation  ("DTEK"),  a privately held company located in Boise,  Idaho,
purchased   YourBankOnline   from  River  City  in  September   1998  for  total
consideration of $410,000.  Consideration  was a $60,000 down payment and a note
payable of $350,000 due to River City, September 1999.

Prior to the Registrant's  purchase of the YourBankOnline  software from DTEK in
February 1999,  DTEK granted a license to the software.  Global Payment  Systems
Inc.  ("Global"),  a subsidiary of National  Data Inc.,  was granted a perpetual
worldwide  non-exclusive  irrevocable  transferable  right  and  license  to the
YourBankOnline  software.  Global's  license  allows them to modify,  customize,
sublicense,  resell and  distribute  the system.  Global can also  transfer  its
rights to a third party.  Global  retains this right and  currently  markets and
sells a version of the  software to financial  institutions.  Global is and will
continue  to be a  competitor  of the  Company.  Global  does not have rights to
modifications,  revisions,  additions or any other  changes the Company makes to
the software.

Global agreed to pay DTEK 50% of the first  $1,300,000 of license fees received,
plus commissions, plus a final lump sum of $50,000. There is no certain date for
the   payment.   Global  also  agreed  to  operate  and  maintain  the  existing
YourBankOnline  server sites.  Global  currently  receives an aggregate  monthly
licensing  fee of $1,100 paid by  Citizens  Bank,  Tri-Counties  Bank and Auburn
Bank.

In February 1999 the Company purchased  YourBankOnline and all rights related to
it from DTEK. Consideration for the purchase was $640,000 payable as follows:

         a.   $400,000  through the issuance of 2,000,000  common  shares of the
              Company's restricted common stock valued at $0.20 per share.

         b.   $240,000  paid at the rate of a $10,000  payment for each  license
              sold or through the  issuance of  1,200,000  shares of  restricted
              common stock valued at $0.20 per share. The agreement required the
              Company pay the cash or the stock  twelve  months from the date of
              the contract or by March 10, 2000.

On April 12, 1999,  the Company  authorized and issued  1,200,000  shares of its
restricted common stock in full satisfaction of its agreements with DTEK.

                                       4
<PAGE>

As part of the  agreement,  DTEK assigned to the Company all rights and title to
the existing  software license between DTEK and Global.  This includes  payments
from River City,  subject to DTEK receiving the balance of the initial licensing
revenues as  compensation  for its consulting and support.  Any residual  income
will be paid to the Company which management  believes will be immaterial to the
on-going operations of the Company.

Description of YourBankOnline Software
--------------------------------------

YourBankOnline is a browser-based  solution designed and developed to help banks
provide a full range of online banking products and services to their commercial
and retail  customers.  The system allows the bank's  customers to view balances
and  transfer  money,  as well as giving  users  the  ability  to  manage  their
financial  activity  without leaving the bank's website,  thus creating a strong
financial relationship between the bank and its customers.

The modular  design and flexible  technology  of  YourBankOnline  can be changed
quickly  and easily to  accommodate  the needs of all types of  customers.  This
allows  the banks to tailor  online  services  to  different  segments  of their
customer bases.

Key features of YourBankOnline include the following:

    a.   Customizable  User  Interface:  The bank's  customer can choose  screen
         colors, page lengths, and simplified interface options;
    b.   Transaction  Editing:  Bank's  customers  can  modify  the  description
         reference of a transaction to better explain its purpose. They can also
         categorize the transaction for reporting purposes;
    c.   Payment  Scheduling  and Bill  Payment:  Bank's  customers can schedule
         payments to be performed at later dates. The system  incorporates a pay
         anyone approach, which doesn't limit the customer to specific payees;
    d.   User Defined Reports: Several detailed and summary reports provided can
         be configured in a variety of formats according to the bank's customers
         specific preferences;
    e.   Stop Payment  Requests:  Back office staff  processes  and  generates a
         confirmation   letter  to  the  customer  for  extended   stop  payment
         authorization.  (Limited  only to what is  available  through  the host
         system.);
    f.   Custom Information Reporting: AR cleared transaction detail,  including
         extended descriptions for ATM and Debit and Credit Card transactions;

                                       5
<PAGE>

    g.   Funds Transfer Between Linked Accounts;
    h.   24 Hour Access to  Statements:  Statements  can be generated at anytime
         throughout  the  month.   The  system  maintains  the  statement  cycle
         information  specified  within the host  system;
    i.   User Configurable Transaction History: The amount of history maintained
         is configurable on the user level.

The  software  allows  banks to  provide  a number  of  user-specific  financial
services and products to their  customers  through a dynamic  interface  between
traditional  backend systems of the bank and the bank's  customers.  The base of
the  software is a data  warehouse  that  collects and  distributes  information
between  the bank and the  customer.  The data  warehouse  can be  linked to the
customer via the Internet, intranet, or Web TV. The design of the data warehouse
allows  banks to provide  services  by user or by group of users and deliver the
information  via a medium that is  appropriate  for each user or group of users.
Banks can choose to link virtually any financial  product or service to the data
warehouse.  This includes standard balance and account  information to insurance
services,  loan information,  credit and debit card information,  and investment
services.

Additionally,  the technology can be used to seamlessly connect existing systems
for automating  collaborative and  administrative  processes to provide managers
and key personnel with valuable  information  for  decision-making  and targeted
marketing efforts.

Security
--------

YourBankOnline  uses U.S. grade encryption.  This encryption,  along with unique
Sign-On ID and  password  security  front-end,  provides  the  foundation  for a
secure, reliable interface. In addition, a customer-selected name rather than an
account number references customer accounts. This ensures the privacy of account
information should an unauthorized individual gain access.

Individual  security  control levels are maintained at the customer level by the
financial institution, providing the ability to isolate certain functions of the
system to different levels of security.  An example of this implementation would
be to set the security  requirement for bill-pay  higher than other  activities.
This would allow the ability to track  bill-pay  enabled  customers  for billing
purposes.  Another  level could be given to  categorization  capabilities,  thus
providing a way of controlling the customer  capabilities based on subscription.
YourBankOnline accommodates 99 user specific levels of security.

Encrypted  Messaging provides security for sensitive  communication  between the
customer  and  the  bank  and a  detailed  audit  Trail)  is  incorporated  into
YourBankOnline.  All  activity is logged by date

                                       6

<PAGE>

and time to a log file that can be analyzed to track individual activity by bank
personnel and end-users.

The  entire  system  is   maintained   through  a  single   interface   with  an
administrator-privileged  account.  The  system  can be locked  down for  crisis
management or unscheduled  modification  requirements.  This eliminates the need
for additional  applications and management tools and allows an administrator to
control  access when the system is available for use from anywhere in the world.
When locked,  customers  received a  customizable  screen  informing them of the
system availability.

The  software  utilizes  a  centralized  data  warehouse  concept  of  providing
functional interfaces between the bank and its customers.  Users use a front-end
interface to access a subset of information  collected and maintained separately
from the bank's core system,  eliminating  virtually all risk of tampering  with
vital data.

Database
--------

The software  architecture  utilizes current Microsoft established standards for
Client/Server  access.  The host system runs on an Intel platform  microcomputer
running a Microsoft NT Server 4.0 operating system.  The system runs as a subset
of Microsoft's  Internet  Information  Server 4.0 Web Server software,  which is
shipped with NT Server.  A collection of databases and Active Server scripts are
incorporated  on the server  providing  the  foundation  for the  YourBankOnline
system.  Five  application  modules  combine  to  maintain  and  update the ODBC
databases.  These modules are used to maintain  timed  executions,  to query the
host  system,  update and modify the local  databases  with the  account  detail
information,  update and modify the local database with the cleared  transaction
information, and collect, process, and monitor scheduled payments.

The User Interface is provided through several Active Server scripts and graphic
files maintained on the Microsoft NT server. These scripts are activated through
customer  requests and combine with database  information to produce the bulk of
the user  screens  and input  forms  within  YourBankOnline.  These  scripts and
graphic  files  provide  almost  unlimited  flexibility  and can be  modified to
accommodate  individual interests and presentation  specific to the environment.
They can also be modified to accommodate user  controllable  variations.  Screen
colors, information placement,  navigation control visuals and placements can be
modified to give the interface an entirely different and unique look and feel by
individual and by group.

                                       7
<PAGE>

Bank  administrative  personnel and customers gain access to the  YourBankOnline
system through a standard commercial browser over the Internet.  This allows the
user to gain access from  virtually any system that provides an Internet  access
point.  This can be a home PC, Office PC, laptop, or even other Internet capable
devices such as Internet Terminals,  Web enabled television sets, Internet ready
telephones, etc.

Bill-pay requests are warehoused within the YourBankOnline system up to the date
of processing,  allowing the end-user full control of the scheduled transaction.
Following  processing,  bill-pay transactions are collected in a file and can be
sent to a third party bill  payment  processor,  i.e.  Global  Payment  Systems,
Checkfree, etc., or can be processed internally on Global's PayLink bill payment
module on behalf of the account  holder.  The  flexibility of the PayLink module
enables  the bank to not only  fulfill  in-house  bill pay  processing  but also
leverage the technology to create any type of payment including  cashiers checks
and accounts payables checks.

The following table summarizes the technical specifications of YourBankOnline:
<TABLE>

---------------------------- -------------------------------------- --------------------------------------
<S>                          <C>                                    <C>
Bank Features                Modular Design                         Yes
---------------------------- -------------------------------------- --------------------------------------
Overviews                    Automated Billing for Bank             Yes
---------------------------- -------------------------------------- --------------------------------------
                             Voice Response Module                  Can be accommodated
---------------------------- -------------------------------------- --------------------------------------
                             Credit Card Interface                  Yes (optional)
---------------------------- -------------------------------------- --------------------------------------
                             Administrative Options                 According to user rights,
                                                                    different administrators
                                                                    can maintain the   entire
                                                                    system  from the
                                                                    administrative area.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Set the interface by user.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Maintain automated billing for each
                                                                    customer including: grace periods,
                                                                    promotional pricing and per
                                                                    transaction pricing.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Send broadcast or user-specific
                                                                    e-mails.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Turn  on and off specific
                                                                    modules, features, and
                                                                    functionality by customer.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Setup, modify and delete customers.
---------------------------- -------------------------------------- --------------------------------------
                                                                    Audit Trail Reporting
---------------------------- -------------------------------------- --------------------------------------
Technical Information        Programming                            Microsoft Active Data Objects
---------------------------- -------------------------------------- --------------------------------------
                             Hardware Platform (bank)               Windows NT
---------------------------- -------------------------------------- --------------------------------------

                                       8

<PAGE>
---------------------------- -------------------------------------- --------------------------------------
                             Hardware Platform (user)               Platform Independent
---------------------------- -------------------------------------- --------------------------------------
                             Software (bank)                        Any Internet Browser
---------------------------- -------------------------------------- --------------------------------------
                             Software (user)                        Any Internet Browser
---------------------------- -------------------------------------- --------------------------------------
                             Communication Network                  Internet access, private dial-up
                                                                    access.
---------------------------- -------------------------------------- --------------------------------------
Security                     Security Type                          Secure Socket Layer
---------------------------- -------------------------------------- --------------------------------------
                             Encryption                             Independent encryption allows full
                                                                    range from 40 bit to 128 bit from
                                                                    any site certificate authority.
---------------------------- -------------------------------------- --------------------------------------
                             User Security                          Sign On ID and Pass Code
---------------------------- -------------------------------------- --------------------------------------
                             User Security Levels                   99 levels of security
---------------------------- -------------------------------------- --------------------------------------
End User Functionality       Account Access                         Checking, Savings, Loans, CD and
                                                                    Others
---------------------------- -------------------------------------- --------------------------------------
                             Real-time Access (bank specified       Yes
                             timing)
---------------------------- -------------------------------------- --------------------------------------
                             Transaction Categorization             Yes
---------------------------- -------------------------------------- --------------------------------------
                             Transaction History                    Unlimited
---------------------------- -------------------------------------- --------------------------------------
                             Research/Reporting Capabilities        Date Range, Deposits/Credits,
                                                                    Category of Transaction, Check, Stop
                                                                    Payments, Number of Withdrawals
---------------------------- -------------------------------------- --------------------------------------
                             Reports Available                      Category  List, Category Summary,
                                                                    Category Detail, Payee  List,
                                                                    Electronic Statement, Transaction
                                                                    Detail, Export Transaction and Custom
                                                                    (user definable) Reporting.
---------------------------- -------------------------------------- --------------------------------------
                             Export Options                         Quicken, MS Money and ASCII (custom)
---------------------------- -------------------------------------- --------------------------------------
                             Account Transfers                      DDA/TDA, Loans/LOC's and Credit card
---------------------------- -------------------------------------- --------------------------------------
                             E-mail                                 Yes
---------------------------- -------------------------------------- --------------------------------------
                             Event Notification                     E-mail notification
---------------------------- -------------------------------------- --------------------------------------
                                                                    Pager notification
---------------------------- -------------------------------------- --------------------------------------
                             Check Imaging                          Yes
---------------------------- -------------------------------------- --------------------------------------
                             Bill Payment                           Yes
---------------------------- -------------------------------------- --------------------------------------
Financial Institution        Minimum Hardware Requirements: Intel   Recommended: Intel Pentium II 266
                             Pentium 166 Mhz, 128 Mb RAM, 4 Gig     Mhz dual processor, 512 Mb RAM, 18
                             Hard Drive, 24 Gig Tap to Storage      Gig Hard Drive, 24 Gig Tap to
                             and Seagate Backup Exec                Storage and Seagate Backup Exec
---------------------------- -------------------------------------- --------------------------------------
                             Software Requirements: Microsoft NT
                             Server 4.0 w/Internet Information
                             Server 4.0 and Microsoft SQL Server
                             6.5
---------------------------- -------------------------------------- --------------------------------------
End-User                     Communication Requirements             Internet connection access
---------------------------- -------------------------------------- --------------------------------------
                             Platform Independent                   Browser depends on level
---------------------------- -------------------------------------- --------------------------------------

                                       9
<PAGE>
---------------------------- -------------------------------------- --------------------------------------
                                                                    of encryption required by financial
                                                                    institution
---------------------------- -------------------------------------- --------------------------------------
End-User Functionality       Online Applications                    YourBankOnline, Loans and Credit Card
---------------------------- -------------------------------------- --------------------------------------
                             Discount Brokerage                     Currently in Beta test
---------------------------- -------------------------------------- --------------------------------------
                             End-User Options                       Change Password, Change Session
                                                                    Timeout, Change Account Names,
                                                                    Change basic color scheme, Change
                                                                    level of interface from standard to
                                                                    enhanced, Change Amount of History,
                                                                    Change Lines per page and Bank
                                                                    customized user options.
---------------------------- -------------------------------------- --------------------------------------
Cash Management              ACH origination                        PPD/PPD+, CCD/CCD+, CTX, Importing
                                                                    capabilities, NACHA File Processing,
                                                                    Multiple Company Option, State &
                                                                    Federal Taxes, Customer controlled
                                                                    security, Multi-level approvals,
                                                                    Auto prenotes, On-Us processing,
                                                                    Warehousing, File limits,
                                                                    Transaction limits, Bank Controlled
                                                                    offset and NACHA Import
---------------------------- -------------------------------------- --------------------------------------
</TABLE>

The Company will offer a variety of service  levels  including  full hosting and
system  support  to its  customers  so that they do not have to hire  additional
personnel,  purchase additional equipment,  train personnel or devote additional
development time to the project.  Management believes this program is beneficial
for the financial institution that wants to obtain immediate Internet presence.

As an example,  the Company  could provide to its  customers  the  following:  a
Server, Customer Service, Technical Support, Monthly Reporting, Staff & Customer
Training, Upgrades, Web Page Development and Web Hosting Services.

The Market for YourBankOnline Software
--------------------------------------

The Internet has rapidly  become a marketplace  for buying and selling a variety
of goods and  services  such as travel,  securities  and consumer  products.  As
consumers and companies  become more familiar and comfortable  with  transacting
business online, management believes this will translate into a greater interest
for  online  banking  services.  Some  of the  recent  developments  related  to
financial services being provided on the Internet are:

                                       10
<PAGE>

o    Fifteen million  Internet users have checked mortgage and equity loan rates
     online.  A marketplace  has been created on the Net where  consumers  apply
     once to receive multiple offers on their loan application.  These companies
     are among the biggest  non-credit  card  advertisers  in search engine loan
     categories.

o    Internet-only  banks appear to be  flourishing.  This  includes,  Net.B@nk,
     TeleBank,   and  Security   First,   each  a  public  company  with  market
     capitalization  over $1 billion by  mid-1999.  As of April  1999,  Net.B@nk
     reported to have 29,000 customers and over $330.0 million in deposits.

o    Banking has come to the Internet portals. Yahoo!, AOL, MSN, and Excite have
     entered into  advertising  agreements with major banks offering  mortgages,
     credit cards, automobile loans, savings instruments,  home equity loans and
     checking services.

o    Bank One Corp.  Chief  Executive  Officer John McCoy has indicated that his
     corporation  isn't  planning any more major  acquisitions  but will instead
     rely on the Internet for the bank's  growth.  The nation's  fourth  largest
     bank already has arrangements with America Online Inc., Excite Inc., Yahoo!
     Inc., and Microsoft to market its credit cards.

Management believes that consumers have a preference for conducting all of their
financial  transactions at a single web site. River City is currently  running a
demonstration  version of this portfolio management feature using YourBankOnline
software.

Traditional banks have been slow to add Internet banking to their services until
they could be confident that demand was sufficient to offset the added expenses.
However,  the  technology  is changing  so rapidly and new forms of  competition
appearing so broadly,  that banks must carefully  reconsider  their  reluctance.
Specific factors affecting a bank's decision to offer online banking are:

o    Customer  Retention.  Near the end of 1998,  there were 73  million  adults
     using the Internet in the U.S.,  an increase of 30% in just twelve  months.
     This is 37% of the U.S. adult  population.  The nations'  largest banks are
     beginning  to offer  some  level of  online  banking,  and  there are large
     numbers of new  Internet  entrants  into the  financial  markets  trying to
     capture  traditional  bank  business.  For  banks to retain  customers  who
     respond  favorably  to  online  technologies,  they  will  have to  provide
     competing  products and services.  River City has achieved higher retention
     rates since YourBankOnline was installed.

                                       11
<PAGE>

o    Service Improvements.  Service levels can be enhanced significantly through
     the  available   technology,   which  should   improve   overall   customer
     satisfaction.

o    Cross Sales Generator.  The online connection gives the bank  opportunities
     to cross sell its other  products and services much more  effectively  than
     through the mail or in the branch.

o    New Fee-Based Revenue and other Revenue Sharing  Opportunities.  Banks will
     have the ability to add new services to their product offerings that can be
     sourced from outside  providers.  Examples are mortgage lending,  equipment
     leasing,  credit cards,  investment services,  financial planning services,
     advertisements, insurance and others to be developed.

o    Bill  Payment.  While bill  payment has become a  component  of many online
     banking  systems,  Internet  based bill  presentment  systems and  solution
     providers are emerging.  These systems should be available for consumer use
     in the year 2000.  Recent  research  indicated that consumers  would prefer
     banks as their  preferred  provider for bill  presentment  and payment,  as
     compared to other  options.  However,  given the huge  potential  volume of
     transactions in this category,  aggressive competition will come from large
     banks,  the web portals,  and new companies  being started to specialize in
     this area. Transpoint,  LLC, a joint venture between Microsoft,  First Data
     Corp. and Citibank, just announced that it would start up its national bill
     presentment and payment service later this year.

o    Cost Savings.  Over time,  the highly  efficient  electronic  equipment and
     systems used in online  banking  should allow  significant  cost savings as
     paper-based  transactions are eliminated.  Management  estimates that costs
     per transaction are as follows:

     o   $1.07 in a physical branch
     o   $0.54 over the phone
     o   $0.27 at an ATM
     o   $0.01 over the Internet





                                       12
<PAGE>

The table below sets out the number of FDIC insured banks and savings banks,  as
well as the deposits and number of accounts under $100,000.

                            FDIC INSURED INSTITUTIONS

Assets                  Number of       Client Accts     Under    $100 Thousand
                        Institutions        Number       Percent   Cum Percent

Under $25 million          1,509            2,961,743        1%          1%
$25 to 50 million          2,240            9,028,289        2%          3%
$50 to $100 million        2,624           18,854,073        5%          8%
$100 to 300 million        2,813            45,288432       12%         20%
$300 to 500 million          566           18,368,196        4%         24%
$500 to 1 billion            432           23,591,074        6%         30%
$1 to 3 billion              306           35,810,864        9%         39%
$3 to 10 billion             140           56,153,044       14%         54%
$10 billion or more           82          180,125,114       46%        100%

Total Institutions        10,712          390,180,829      100%


Assuming the  nation's 100 million  households  are  distributed  among banks in
proportion to the distribution of bank accounts,  54 million households use over
10,000 institutions for banking. These 10,000 institutions have over 200 million
deposit  accounts  under  $10,000.   Although  individual  banks  vary  greatly,
management  estimates  that a bank  represents  one  household  for  every  four
accounts.  The average household has two adults. Thus an institution with 20,000
accounts  represents  5,000  households  containing  10,000 adults or registered
users.  Actual  results for River City as shown below indicate one household for
every 2.3 accounts.



FDIC Insured Accounts Under $100 thousand                        47,000
Total Assets                                               $450,000,000

Personal Core Deposit Accounts                                   33,632
Households                                                       19,985
Online Households                                                 2,243
Registered Users                                                  4,956


The Company will initially market the  YourBankOnline to financial  institutions
with assets of $25 million to $300 million.  As the Company grows it will expand
its  marketing  to  financial  institutions  with  assets of $100  million to $5
billion.

                                       13
<PAGE>

The Marketing Strategy for YourBankOnline Software
--------------------------------------------------

The  Company  intends  to  rapidly  establish  a  national  market  presence  by
leveraging a customer base of community banks.

Marketing Strategy:

The Company  will  utilize its  YourBankOnline  system to build the user base as
rapidly  as  possible  and  leverage  its  position  to  permit  banks to become
"Financial  Portals",  defined  as central  sites  where  customers  can use the
Internet to manage all their financial  transactions,  information and planning.
YourBankOnline  will make it easy and  economical  for banks to  participate  in
online banking. It is intended that both the banks and the Company will share in
the fee income generated by the online banking sites.

Sales Strategy:

The range of prices for online banking  systems is currently very broad,  from a
low of about $30,000 to well over $1 million plus  recurring  monthly fees of $1
to  $3  per  user.   Management  believes  the  sales  strategy  for  the  basic
YourBankOnline  system  should be to minimize the initial  cost to the bank,  so
that only the Company's  hard system costs and  marketing  expenses are covered.
This should  encourage the banks to initiate  online banking and progress toward
becoming a portal that creates revenue  opportunities  for both the bank and the
Company. The Company anticipates its initial contracts with individual banks for
the use of the YourBankOnline  software will be a fixed fee ranging from $10,000
- $35,000 depending on services offered.  The Company will provide,  manage, and
facilitate  the offerings of a variety of products and services from  e-commerce
partners.  The Company  intends to share the revenue  generated from  e-commerce
sales with the banks and financial institutions.

Distribution Strategy:

The  Company  intends  to build a  network  of  relationships  with  established
companies  in order to achieve  national  market  coverage in a short  period of
time.  Management is currently in preliminary  talks with several companies that
already sell systems related products and services to target market banks. Their
customer  relationships  should permit fast access to bank decision makers,  and
system specialists from  YourBankOnline  will provide technical support to close
the sale. In addition, the Company plans on building an internal sales force.


                                       14
<PAGE>

Revenue Plan:

The  Company's  revenues are projected to come from several  sources.  Since the
Company's is in the development stages, management has used its best judgment to
identify these sources,  recognizing that  substantial  changes may occur as the
market continues to evolve:

1.   Sales of the basic online banking system,  including  licensing,  software,
     user fees, and installation support.
2.   Sales of system enhancements and newly developed financial service modules.
3.   Service bureau fees.
4.   Referral  revenue and  transaction  fees from  outside  product and service
     providers, such as mortgage lenders, stock trading, and equipment leasing.
5.   Advertising and sponsorship revenues.

The  Company   believes  that  by  aggregating  a  group  of  online   financial
institutions and their customer accounts, it will offer a compelling gateway for
a variety of online retailers. This aggregated customer base will be of value to
the  vendors.  In  addition,  the  aggregated  vendors  will be a value  to bank
customers  due to the central  location  at their bank site and pricing  options
that are possible given their combined  purchasing power. User acquisition costs
are lower  than pure  Internet  companies,  due to the  banks'  existing  client
relationship.  Revenues  from  advertising  will be higher due to the  desirable
demographics  of the user and the frequent  account  visits.  River City reports
that  registered  users  visit the site an  average  of 2.5 times per week.  The
financial  portal concept will give customers more reason to regularly visit the
bank's web site. When customers find relevant and useful services in addition to
the basic ones, they are  discouraged  from searching for and going to competing
sites  providing  more  opportunities  for revenue  generation  for the bank and
relationship building with its customers.

Factors in our sales and revenue plan are:

Target Market
-------------
The first  target  market  will be all banks and credit  unions  with a focus on
banks that have higher  demographics  in the retail  customer  base.  The target
market is the 1,444  institutions  with assets of $300  million to $10  billion,
which represent over 60 million users.


                                       15
<PAGE>

Turnkey Approach
----------------
The Company will provide a turnkey  Internet  banking system to create immediate
presence without a bank having to add staff,  extensive equipment,  and training
or  development  time.  The Company will establish a service bureau in a central
location  where  server  "farms" will be housed.  These  servers will act as the
Online  Financial  Warehouses  for the banks.  YourBankOnline  will also provide
technical assistance,  customer service,  staff training,  system upgrades,  web
page creative development, and monthly activity reporting. A bank will only need
to provide Internet  access, a database  transfer file and a staff member at the
bank to work with YourBankOnline  representatives.  The Company will provide the
systems and support to help the banks become portals.

Portal Development
------------------
Management  expects each bank's  portal to develop in stages.  The initial stage
will include basic services such as checking/savings  account  management,  loan
account  management  and bill payment.  In the second  stage,  banks build their
experience with their customer base, and introduce additional financial services
according to the  preferences  of its customers.  In the mature stage,  when the
banks become financial portals, more opportunities emerge. The range of services
will be  selected  according  to the  needs  and  opportunities  of each  bank's
customer  base. A stream of revenue from a diverse range of services,  including
bank-based and outsourced services should generate strong  profitability for the
banks and the Company.  Vast amounts of demographic  data and  transaction  data
collected  and analyzed  from  customer  experience  with the system will create
opportunities  for highly targeted  marketing.  Management  believes  customized
services  can be marketed to  individual  customers or  categories  of customers
identified  from  the  analysis.  The  potential  for  one-to-one  marketing  is
exceptional through the Financial Portal, and superior to opportunities of other
Internet- based businesses.

Competition for YourBankOnline Software
---------------------------------------

The market for Internet banking services and financial software  applications is
highly competitive, and we expect that competition will intensify in the future.
In addition we could experience  competition from our client banks and potential
client banks. From time to time, these potential client banks develop, implement
and maintain their own services and  applications.  We compete with a variety of
third parties,  including Digital Insight,  Edify, Netzee, nFront,  FundsXpress,
Q-UP, First Data Direct Banking and S1 Technologies,  that employ many different
approaches to providing Internet banking services.  We expect competition in our
markets to increase  significantly as new

                                       16
<PAGE>

companies  enter our market and current  competitors  expand their product lines
and services. These new competitors may include non-bank financial institutions,
such as brokerage firms and on-line service  providers such as E*Trade,  Intuit,
Charles Schwab,  Quicken.com and Yahoo!  Finance, all of which could be dominant
competitors  given  their  current  position  in the online  financial  services
industry, broad name recognition and substantial online customer bases.

The Company may experience  increased  competition  from Global Payment Systems,
which  has a  non-exclusive  irrevocable  right  and  license  to the  Company's
software.   See  "History  of  Banking   Software."  If  Global  were  to  begin
aggressively  marketing  YourBankOnline  and  were to put  efforts  into  adding
features to the  software it could have a  detrimental  impact on the  Company's
future to successfully market the software.

In regard to the wider market of specialized financial sites and general-purpose
portals,  each of these can be considered as much a potential  strategic partner
as a competitor.  The Company's  strategy of acquiring and leveraging  community
banks'  customer  base is based on the premise  that a large group of  customers
will ultimately  prefer doing business with a local financial  institution  that
they can readily access in physical form. The Company's competitive advantage is
simply to  provide a  superior  product  for far below  market  cost in order to
leverage a bank's customer base into a set of registered users.

Contractors Directory

Historical Development of Contractors Directory
-----------------------------------------------

In    1997,     the    Company     developed     and,     currently     operates
contractors-directory.com,   a   website.   This  site   provides   construction
contractors with information useful to their business.  Services include listing
of  notices  for liens  filed,  notices  of  building  permits,  directories  of
contractors, notices of upcoming bids, and other similar services of interest to
contractors.   Contractors  Directory  also  provides  website  development  for
individual contractors.

The Company,  through loans and contributed services from Pakie Plastino and his
related  companies,  has invested  approximately  $546,000 in the development of
Contractors  Directory.  This  has  resulted  in the  production  of  negligible
revenue.  The company has significantly  reduced the operations and expenditures
associated  with the business.  Management does not intend to continue to expand
the services and provide updates to Contractors Directory.  Current plans are to
sell,  "spin-off",  abandon or otherwise

                                       17
<PAGE>

dispose of the subsidiary and/or the operations of Contractors Directory, Inc.

During the periods covered by the Form 10-KSB,  the Company  generated  revenues
through host fees of  Contractors  Directory.  This income was offset by payment
made  to  obtain  server  space  from  an  unrelated  third  party,  maintenance
associated with the web site and, general and administrative expenditures. It is
unclear whether those companies under the yearly  contracts for hosting services
will renew those  contracts for the fiscal year ended 2000.  Management does not
intend  to  aggressively  seek  renewal  of those  contracts  or to  pursue  new
contracts. Conversely,  management does not intend to incur significant expenses
in the maintenance or updating of the web site. Consequently, management expects
the cash flow  related to  Contractors  Directory  to be nominal  during  future
periods.

Description of Contractors Directory
------------------------------------

Contractor's  Directory  provides an Internet  site that is available to general
contractors, subcontractors,  architects, property managers, insurance companies
and other  individuals  and  entities  involved  in the  construction  industry.
Subscribers in various  categories are able to provide  information  about their
companies  that  interested  parties can review in the  privacy of their  office
using DOS or Windows.  Each  subcontractor or supplier can provide a color photo
and up to eight pages of text describing their company. Additionally, bid lists,
building  permits,  and credit and lien information will be updated daily of the
website.  General  contractors  and other  interested  parties can receive  this
service for a fee.

Competition for Contractors Directory
-------------------------------------

Management  is not aware of other  companies  offering  services  similar to the
Contractor's  Directory.  Currently,  general  contractors,  property  managers,
engineers,  architects and others in the industry normally find  sub-contractors
and suppliers through the standard Yellow Pages or by referral.

General

Employees
---------

At January 7, 2000 the Company  operated with eight  employees and  consultants.
There is no collective bargaining agreement in place.


                                       18
<PAGE>

Development Costs
-----------------

The Company is currently a development stage company and no significant revenues
have  been  earned  from the  operation  of the  Company.  The  majority  of the
expenditures  and resources of the Company during the last two fiscal years have
been  spent on  development  of  Contractors  Directory  and most  recently  the
formation YourBankOnline.

ITEM 2. DESCRIPTION OF PROPERTY
-------------------------------

The Company rents  approximately 1,400 square feet of space at 6912 220th Street
SW,  Mountlake  Terrace,  Washington  98043,  on  a  month-to-month  basis,  for
administrative and sales efforts. As of January 1, 2000, the Company pays $1,850
per month for this  facility.  The Company  considers the facility  adequate for
current purposes.

ITEM 3.  LEGAL PROCEEDINGS
--------------------------

The Company does not know of any material,  active or pending legal  proceedings
against  them;  nor is the  Company  involved  as a  plaintiff  in any  material
proceeding or pending litigation.

The Company knows of no active or pending  proceedings against anyone that might
materially adversely affect an interest of the Company.

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

None.





                                       19
<PAGE>

                                     PART II


ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
-----------------------------------------------------------------

Through   October  21,  1999,   the   Company's   common  stock  traded  on  the
Over-the-Counter  Electronic  Bulletin  Board in the United  States,  having the
trading  symbol  "CSDD".  Subsequent to October 21, 1999,  the Company's  common
stock  was  quoted  and  traded  on  the  "pink  sheets".   Trading  volume  and
high/low/closing  prices for the past two years are  disclosed in the  following
table:


                          NASBD Stock Trading Activity

Quarter        High            Low            Close           Volume
 Ended
--------  --------------  --------------  --------------  --------------
12/31/99          $3.50           $.75           $2.25           6,732
09/30/99          $7.50          $2.25           $2.69           7,022
06/30/99         $31.50          $1.87           $4.50       2,171,000
03/31/99          $2.00          $0.12           $1.81         565,000
12/31/98          $0.69          $0.19           $0.25          78,101
09/30/98     No Trading     No Trading      No Trading      No Trading
06/30/98     No Trading     No Trading      No Trading      No Trading
03/31/98     No Trading     No Trading      No Trading      No Trading
12/31/97     No Trading     No Trading      No Trading      No Trading


On January 11, 2000,  the  shareholders'  list for the  Company's  common shares
showed 40 registered shareholders and 10,864,000 shares issued and outstanding.

The Company has not declared any dividends,  on its common or preferred  shares,
since  incorporation  and  does  not  anticipate  that  it  will  do so  in  the
foreseeable  future.  The  present  policy of the  Company  is to retain  future
earnings for use in its operations and expansion of its business.

The preferred  shares of the Company are not  registered  and do not trade on an
exchange.

The  following is a  discussion  of is a discussion  of  securities  sold by the
Company during the period covered by this report which were not registered under
the Securities Act:

                                       20
<PAGE>

In March 1997,  the Company  issued  1,500,000  shares of Common  Stock to Pakie
Plastino  in  exchange  for  marketing  rights in three  states for  Contractors
Directory.  The shares of common stock  issued were  pursuant to an exemption to
registration provided under Section 4(2), of the Securities Act of 1933. No cash
was  received,  but  Management  assumed a non-cash  equity  value for the stock
issuance of $75,000  (e.g.$0.05  per share).  At the same time Mr.  Plastino was
subsequently  appointed  to the  Board  of  Directors  and as  President  of the
Company.  At the time of the transaction Mr. Plastino was provided with full and
complete  information as to the Company. All stock certificates were issued with
appropriate  legend  indicating that the securities were acquired for investment
purposes.

On April 17,  1997,  the  Company  issued  1,000,000  shares of Common  Stock in
exchange for common stock of Contractor's Directory.  The shares of common stock
were issued  pursuant to an exemption to  registration  provided  under  Section
4(2), of the Securities Act of 1933. No cash was received, but a non-cash equity
value for the stock issuance of $100  (e.g.$0.0001 per share) was utilized.  The
acquisition  was accounted for as a "pooling of interest" and,  consistent  with
generally accepted accounting  principles,  the value of the contributed capital
of the  acquired  company  was  carry-forwarded  to the books and records of the
surviving company.  Contractor's Directory,  Inc. had a contributed capital book
value of $100.00 prior to the acquisition  and therefore,  was the value carried
forward  by  Contractor's  Directory  in  exchange  for  the  1,000,000  shares.
Representatives   of  Contractor's   Directory  were  provided  full  access  to
information about the Company as part of it's due diligence  process.  All stock
certificates were issued with appropriate  legend indicating that the securities
were acquired for investment purposes.

In May 1997 and  September  30, 1997, a total of 100,000  shares of Common Stock
were issued for attorney's  fees (e.g.  Dean Kalivas) and  secretarial  services
(e.g.  Connie  Pinter).  The shares of common stock  issued were  pursuant to an
exemption to registration  provided under Section 4(2), of the Securities Act of
1933. Mr.  Kalivas acted as legal counsel for the Company and performed  various
legal  services on behalf of the  Corporation  for the period March 1997 through
June 1997. Mr. Plastino and Mr. Kalivas have been business associates in various
real estate  transactions over the past several years. In addition,  Mr. Kalivas
purchased a business known as Construction  Lien and Credit  Services  ("CLCSI")
from Mr.  Plastino.  Mr. Kalivas is not affiliated with  Consolidated  Data, its
subsidiaries,  or Officers or Directors,  in any way other than as a shareholder
of the  Company.  Ms.  Pinter acted as  executive  assistant to Pakie  Plastino,
President of the Company,  and has been employed by affiliated  Companies of Mr.

                                       21

<PAGE>

Plastino  since 1984.  Ms. Pinter has known Mr.  Plastino for  approximately  20
years.  She has been employed by CLCSI and LGA, Inc,  companies  controlled,  or
previously  controlled by Mr. Plastino,  in the capacity of Executive  Assistant
and  Bookkeeper  for  those  companies.   Ms.  Pinter  is  not  affiliated  with
Consolidated Data or its subsidiaries,  Officers or Directors,  in any way other
than as a  shareholder  of the company.  No cash was  received,  but  Management
assumed a non-cash equity value for the stock issuance of $5,000  (e.g.$0.05 per
share).  The Company  believes  that Ms.  Pinter's  status as an employee of the
Company provided her access to information  concerning the Company.  The Company
believes  that Mr.  Kalivas'  position  as counsel to the Company  provided  him
access to information concerning the Company. All stock certificates provided to
Ms. Pinter and Mr. Kalivas were issued with appropriate  legend  indicating that
the securities were acquired for investment purposes.

Pursuant to an  offering in October  1997,  the  Company  sold 80,000  shares of
common stock for an  aggregate  purchase  price of $12,000.  The  purchaser  was
Clayten Vance, a Canadian  citizen.  He is not affiliated with the Company,  its
subsidiaries,  Officers or Directors in any way other than as a  shareholder  of
the Company. The shares of common stock in the foregoing offering,  were offered
pursuant to an exemption to registration provided under Section 3(b), Regulation
D, Rule 504 of the Securities Act of 1933, as amended and under the exemption to
registration under Section 11-51-308(1)(p) of the Colorado Securities Act.

In August 1998 and March 1999,  a total of 175,000  shares of Common  Stock were
issued for consulting  services (e.g. Arthur Stevens,  150,000 shares;  and Gary
Bylund,  25,000  shares).  The shares of common stock issued were pursuant to an
exemption to registration  provided under Section 4(2), of the Securities Act of
1933.  At the time Mr.  Stevens was an  employee,  and his  services  related to
computer networking and related support. He continues to provide services to the
Company as a consultant through his own business.  The Company believes that Mr.
Stevens status as an employee of the Company  provided him access to information
concerning  the  Company.   Mr.  Stevens  worked  for   Consolidated   Data  for
approximately 1 1/2 years. He is not affiliated  with  Consolidated  Data or its
subsidiaries, Officers or Directors, in any way other than as a former employee,
current  vendor,  and as a shareholder of the company.  Neither Mr. Plastino nor
the Company had any  association or  relationship  with Mr. Stevens prior to his
employment with the Company. At the time the services were performed, Mr. Bylund
was a member of the advisory  committee to the Company  providing  advice to the
Company in the area of insurance and financial products. Mr. Bylund is the owner
of an insurance brokerage firm and a registered  representative of the NASD. Mr.
Bylund has known Mr. Plastino for

                                       22

<PAGE>

20 years and has provided  insurance products to Mr. Plastino in the past. He is
affiliated with  Consolidated  Data and its  subsidiaries as an advisor and as a
shareholder  of the  company.  He is not  affiliated  in any way with any  other
Officers or Directors.  No cash was received,  but Management assumed a non-cash
equity value for the stock  issuance to Mr.  Stevens was $7,500  (e.g.$0.05  per
share),  and Mr. Bylund was $5,000  (e.g.$0.20 per share).  The Company believes
that Mr.  Bylund's  was  sophisticated  and had complete  access to  information
concerning the Company. All stock certificates  provided to Messrs.  Stevens and
Bylund were issued with appropriate  legend  indicating that the securities were
acquired for investment purposes.

In March 1999,  the Company  issued 300,000 shares of Common Stock to InterCorp,
Inc.,  in  compensation  for  services.  The shares of common  stock issued were
pursuant to an exemption to  registration  provided  under  Section 4(2), of the
Securities Act of 1933. No cash was received,  but Management assumed a non-cash
equity value for the stock issuance of $60,000 (e.g.$0.20 per share). InterCorp,
Inc. has made  representations  to the Company that all of the equity  owners of
such company are  "accredited  investors" as well as recognizing the high degree
of risk of the investment, the ability to bear the risk, that InterCorp, Inc. is
a sophisticated investor, the investment is suitable as an investment, InterCorp
has been given access to full and complete  financial  and business  information
regarding the Company, the securities are restricted  securities,  and InterCorp
acquired the securities for its own account.  All stock certificates were issued
with  appropriate  legend  indicating  that the  securities  were  acquired  for
investment purposes.  Additionally,  the President of InterCorp,  Beau Jeffries,
has  known  Mr.  Plastino  for 6 years.  InterCorp  has not  provided  any other
services other than those for which it was compensated  300,000 shares, nor does
InterCorp  have  any  other   relationship   with   Consolidated   Data  or  its
subsidiaries. In prior years, InterCorp has provided services to other companies
controlled by Mr.  Plastino.  InterCorp is not affiliated with any Directors and
Officers of Consolidated  Data other than as a past vendor to companies  managed
by Mr. Plastino.

In April 1999,  the Company  issued 75,000 shares of Common Stock to Wall Street
Marketing Group,  Inc.,  pursuant to an exercise of options  previously  granted
under the terms of a consulting  agreement  entered into between the Company and
Wall Street  Marketing  Group,  Inc. on March 1, 1999.  The  exercise  price was
$25,000 for 25,000 shares (e.g. $1.00 per share, $50,000 for 25,000 shares (e.g.
$2.00 per share),  and $125,000 for 25,000 (e.g.  $5.00 per share).  The options
originally granted were for a total of 250,000 shares of common stock at varying
prices and  amounts,  to be  exercised  no later than May 1, 2000.  Wall  Street
Marketing Group still retains the option for: 25,000 shares at

                                       23

<PAGE>

$10.00 per share; 25,000 shares at $15.00 per share; 25,000 shares at $20.00 per
share;  25,000  shares at $25.00 per share;  25,000  shares at $30.00 per share;
25,000 shares at $40.00 per share;  and 25,000  shares at $50.00 per share.  The
shares of common  stock issued were  pursuant to an  exemption  to  registration
provided under Section 4(2), of the  Securities Act of 1933.  Under the terms of
the Consulting  Agreement,  Wall Street  Marketing Group was retained to provide
representation and advice in public relations,  public appearances and marketing
of the Company, as well as to disseminate  information concerning the Company to
licensed  members of the securities  industry.  Wall Street  Marketing Group was
provided  with full access to  information  concerning  the  Company.  All stock
certificates were issued with appropriate  legend indicating that the securities
were acquired for investment  purposes.  The President of Wall Street  Marketing
("WSM")  has  known Mr.  Plastino  for one year.  The  Company  did not have any
affiliation  with WSM prior to  services  provided  by WSM in 1999.  WSM has not
provided any other  services  other than those for which it was  compensated  in
cash and options.  WSM has not had any other relationship with the Company,  its
subsidiaries, Officers or Directors.

In May 1999,  the Company  issued 28,000 shares of Common Stock to Robert Odell,
in compensation  for services from January 1998 through June 1999, as a graphics
designer for web site design. The shares of common stock issued were pursuant to
an exemption to registration  provided under Section 4(2), of the Securities Act
of 1933. Mr. Odell has been employed by CLCSI and Contractor's Directory,  Inc.,
companies controlled by Mr. Plastino,  in the capacity of advertising and design
specialist for those  companies.  Mr. Odell is not affiliated  with the Company,
its  subsidiaries,  Officers  or  Directors,  in any other way,  other than as a
shareholder  of the company.  No cash was  received,  but  Management  assumed a
non-cash  equity value for the stock  issuance of $5,600  (e.g.$0.20 per share).
The Company  believes that Mr. Odell's  relationship to the Company provided him
access to information concerning the Company. All stock certificates were issued
with  appropriate  legend  indicating  that the  securities  were  acquired  for
investment purposes.

On September 30, 1998  (1,200,000),  and June  1999 (700,000), collectively  the
Company issued  1,900,000  shares to Pakie Plastino as compensation for services
as an officer and  director.  No cash was  received,  but  Management  assumed a
non-cash equity value for the stock issuance of $120,000  (e.g.$0.05 per share).
The Company  believes that Mr.  Plastino's  status as an officer and director of
the Company provided him access to information concerning the Company. All stock
certificates were issued with appropriate  legend indicating that the securities
were acquired for  investment  purposes.  The shares of common stock issued were

                                       24

<PAGE>

pursuant to an exemption to  registration  provided  under  Section 4(2), of the
Securities Act of 1933.

In March 1999 (2,000,000 shares of Common Stock),  and April 12, 1999 (1,200,000
shares of Common Stock), the Company collectively issued 3,200,000 shares of its
restricted   common  stock  in  full   satisfaction   of  agreements  with  DTEK
Corporation. The shares of common stock issued to DTEK, were offered pursuant to
an exemption to registration  provided under Section 4(2), of the Securities Act
of 1933. No cash was received,  but Management  assumed a non-cash  equity value
for the stock issuance of $640,000 (e.g.$0.20 per share). DTEK was provided with
full  and  complete  access  to  information   about  the  Company.   All  stock
certificates were issued with appropriate  legend indicating that the securities
were acquired for investment purposes.

In December 1999, the Company sold 80,000  restricted common shares to unrelated
third parties in a private placement. The purchasers of the shares also received
a warrant to purchase an additional  40,000 common shares with an exercise price
of $3.00 per share. The warrant expires September 22, 2000. The shares of common
stock and  warrants  were  offered  pursuant  to an  exemption  to  registration
provided under Section 4(2), of the Securities Act of 1933. The Company received
cash proceeds of $120,000 from the sale of stock and warrants.

ITEM 6 - MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATION
----------------------------------------------------------------------

The  following  discussion  should  be read in  conjunction  with the  financial
statements and related notes included elsewhere in this report.  This discussion
contains  forward-looking  statements that involve risks and uncertainties.  Our
actual  results could differ  materially  from the results  anticipated in these
forward-looking statements as a result of factors including, but not limited to,
those under  "Factors That May Affect Future  Results of  Operations"  below and
elsewhere in this Report.

Overview
--------

YourBankOnline  enables  small to medium  sized banks to offer their  retail and
commercial  customers  banking and financial  services  over the Internet.  This
product  enables banks to offer their  customers an array of products,  services
and transactions over the Internet in a secure environment. The Company acquired
the YourBankOnline  software in March 1999, and from April 1999 to December 1999
our principal  activities  consisted of  recruiting  employees,  developing  our
business strategy, and raising capital for the growth of YourBankOnline.  All of
our revenue  during the fiscal year ending  September  30,  1999,  approximately
$27,600, was

                                       25

<PAGE>

generated  through  licensing  fees  and  other  revenues  associated  with  our
Contractors  Directory  operations.  We have  not yet  generated  revenues  from
YourBankOnline.

To date,  the majority of our resources  have been  directed to  developing  our
business plan, forming exclusive strategic marketing alliances, and building our
sales and marketing,  management,  and technology  personnel.  We anticipate our
operating expenses will increase  substantially in future periods as we increase
our sales force,  significantly  increase our  marketing  and branding  efforts,
continue to develop new  distribution  channels,  fund greater levels of product
development  and expand our  support  staff and  facilities  to  facilitate  our
growth. Accordingly, we may incur additional losses in future periods.

During the periods covered by the Form 10-KSB,  the Company  generated  revenues
through host fees of Contractors  Directory.  This income was offset by payments
made  to  obtain  server  space  from  an  unrelated  third  party,  maintenance
associated with the web site and, general and administrative expenditures. It is
unclear whether those companies under the yearly  contracts for hosting services
will renew those  contract for the fiscal year ended 2000.  Management  does not
intend  to  aggressively  seek  renewal  of those  contracts  or to  pursue  new
contracts. Conversely,  management does not intend to incur significant expenses
in the maintenance or updating of the web site. Consequently, management expects
the cash flow related to  Contractors  Directory to be nominal during the fiscal
year ended September 30, 2000. In future periods,  management  expects to derive
substantially  all of its revenues from products and services provided to banks,
the banks' customers and other participants in the financial services industry.

FISCAL YEAR ENDED SEPTEMBER 30, 1999 COMPARED TO FISCAL YEAR
ENDED SEPTEMBER 30, 1998

Revenues
--------

All revenues  during  fiscal 1999 and all  revenues  since  inception  have been
generated  from  Contractors  Directory.  The  YourBankOnline  banking  software
business has not yet generated any revenues.


                                       26
<PAGE>

Service   revenue   represents   fees   generated   from  general   contractors,
sub-contractors,  and various  suppliers.  These fees were for Web site listing,
hosting and other Web related services.  Service revenue increased  $10,043,  or
57%,  from  $17,515  during  fiscal  1998 to  $27,558 in fiscal  1999.  This was
attributable   to  an   increase   in  the   number  of   general   contractors,
sub-contractors,  and building  supply  companies who  subscribed to Contractors
Directory  services.  Service revenue from Contractors  Directory is expected to
significantly  decrease  in  future  periods  as we shift our  resources  to the
development and marketing of the  YourBankOnline  banking software product.  See
"Contractors  Directory"  for a  discussion  of the  plans  for the  Contractors
Directory business.

Expenses
--------

Total expenses increased  $206,196,  or 93%, from $221,217 during fiscal 1998 to
$427,413 in fiscal  1999.  This  increase  is  primarily  attributable  to costs
incurred  to acquire  and begin the initial  development  of the online  banking
business.

Amortization expense increased $66,045, or 283%, from $23,333 during fiscal 1998
to $89,378 in fiscal 1999 as a result of  amortization  of the Internet  banking
software that was acquired in March 1999. The banking software was acquired at a
cost of $640,000 and is being  amortized  over its expected  useful life of five
years.

Advertising,  marketing,  and travel expense  increased  $60,934 in fiscal 1999,
which is  primarily  attributed  to  costs  incurred  to  purchase  the  banking
software,  recruit  future  management  and  employees,  and begin to market the
company.

Legal,  accounting,  and professional  fees increased $53,085 which is primarily
attributed to costs associated with preparing the Company's  initial filing with
the Securities and Exchange Commission, on Form 10SB.

Facilities,  telephone,  and related office expense increased $33,194,  or 545%,
from $6,093  during  fiscal  1998 to $39,287 in fiscal  1999.  This  increase is
primarily  attributed to general and administrative  activities  associated with
entering   into  the   banking   software   business  as  well  as  general  and
administrative costs associated with becoming a public reporting company.

Investor  relation expense  increased  $25,000 and is attributable to consulting
costs  incurred  to assist  the  company  in public  relations,  drafting  press
releases, public appearances, and the general marketing of the Company.

                                       27
<PAGE>

Directors'  fees decreased  $27,500,  or 41%, from $67,500 during fiscal 1998 to
$40,000 in fiscal 1999.  This is due to the  reduction  in shares  granted to P.
Plastino,  during  fiscal  1999 as  compared  to fiscal  1998,  for  services as
Director and Chairman.

Interest Expense
----------------

Interest expense  increased  $9,361,  or 22%, from $42,071 during fiscal 1998 to
$51,432 in fiscal 1999.  The increase is  attributable  to a rise in the average
balance of loans payable during fiscal 1999 as compared to fiscal 1998.

Liquidity and Capital Resources
-------------------------------

Through  January 7, 2000 we have  raised a total of  approximately  $343,000  of
capital to fund the operations of the Company.  As of September 30, 1999, we had
bank indebtedness of $1,165 in addition to notes payable to companies affiliated
with our Chairman of $546,219.

During fiscal 1999 cash provided by financing  activities  was $914,683.  During
fiscal 1998 cash provided by financing activities was $125,052.  The increase is
attributed to additional shares issued for cash and services in fiscal 1999.

Our existing  capital  resources will not be adequate to fund our operations for
more than two to six months.  We have not  sustained  positive  earnings or cash
flow  and we are  required  to incur  significant  expenses  to be  competitive.
Consequently, we will require additional funds during the next two to six months
to successfully execute our strategy.  Additional financing may not be available
on favorable  terms or at all. If we cannot raise  adequate funds to satisfy our
capital  requirements,  we may have to limit our operations  significantly.  Our
future capital requirements depend upon many factors, including, but not limited
to:

o  rate at which we expand our sales and marketing operations;

o  extent to which we expand our products and services;

o  extent to which we develop and upgrade our technology and data network
   infrastructure;

o  occurrence, timing, size and success of acquisitions; and

o  response of competitors to our service offerings.

We cannot predict the extent to which investor interest in the Company will lead
to future sales of equity  securities to fund

                                       28
<PAGE>

our current business plan. It is unlikely that we will raise significant amounts
of capital through  borrowing or through the issuance of other debt instruments.
Therefore,  in early 2000 we plan on seeking new capital through the issuance of
additional  shares the  Company,  either  through a public  offering  or private
placement,  at prices  that have yet to be  determined.  Sales of a  substantial
number of shares of our common stock in the public market could adversely affect
the market price of our common stock. We may also seek the advice and assistance
of investment bankers and other financial  professionals to assist us in raising
additional capital and we expect to pay fee for these services.

Personnel
---------

Our future success depends to a significant extent on the ability to attract and
retain qualified personnel. The market for experienced personnel is competitive,
particularly in the areas of Internet  technology and banking  related  Internet
technology.

Impact of Year 2000 Computer Issues
-----------------------------------

All computer  systems  utilized by the  Company,  including  the  YourBankOnline
system,  were fully Y2K  compliant ad did not  experience  Year 2000  transition
issues.  Management does not expect  on-going Year 2000  transition  issues will
have a material  impact on  operations  as all  aspects of the system  have been
designed to accurately handle any Y2K issue.

Factors That May Affect Future Results Of Operations
----------------------------------------------------

In addition to the other  information  included in this  Report,  the  following
factors should be considered in evaluating our business and future prospects:

Because we are a Development Stage Company and have a limited operating history,
an  investor  in our  common  stock  must  consider  the risks and  difficulties
frequently  encountered  by early stage  companies  in new and rapidly  evolving
markets,  including the Internet banking and electronic commerce markets.  These
risks include our ability to:

   o   successfully expand our sales and marketing efforts;

   o   develop and maintain strategic marketing relationships;

   o   promote acceptance of our Internet banking services by customers of our
       client banks;

   o   respond effectively to competitive pressures;

                                       29

<PAGE>

   o   continue to develop and upgrade our technology; and

   o   attract, retain and motivate qualified personnel.

We cannot guarantee that we will succeed in achieving these goals, and there can
be no assurance we will ever achieve or sustain profitability. See "Management's
Discussion and Analysis of Financial  Condition and Results of  Operations"  for
detailed information on our limited operating history.

We  incurred  net losses of  approximately  $451,000  for fiscal the year ending
September 30, 1999 and approximately $1,108,000 from inception through September
30, 1999. At September 30, 1999, we had an accumulated  deficit of approximately
$1,108,000. We expect to incur significant operating losses on a quarterly basis
in the future.

We  will  need  to  generate   significant  revenues  to  achieve  and  maintain
profitability,  and we cannot  assure you that we will be able to do so. Even if
we do  achieve  profitability,  we  cannot  assure  you that we can  sustain  or
increase  profitability on a quarterly or an annual basis in the future.  If our
revenues grow more slowly than we anticipate or if our operating expenses exceed
our expectations,  our financial  performance will likely be adversely affected.
See "Liquidity and Capital Resources" for further information on our anticipated
capital funding plans.

GOVERNMENT REGULATION

There  are  currently  few  laws  or  regulations  that  specifically   regulate
communications or commerce on the Internet. However, laws and regulations may be
adopted in the future that address issues including user privacy,  pricing,  and
the  characteristics  and  quality of  products  and  services.  Any new laws or
regulations  relating to the Internet or the manner in which  existing  laws are
applied to the  Internet  could  adversely  affect  our  business.  Our  primary
customers are banks. The banking  industry,  including  electronic  banking,  is
regulated  heavily,  and we expect that this regulation will affect the relative
demand for our products and  services.  In addition,  through  their  ability to
regulate  our  bank  customers'   system   requirements,   bank  regulators  can
effectively regulate the required security systems,  communication  technologies
and other features of our products and services.  There can be no assurance that
federal,   state  or  foreign  governmental   authorities  will  not  adopt  new
regulations  addressing  electronic banking or banking operations generally that
could require us to modify our current or future products and services.

                                       30

<PAGE>

FORWARD-LOOKING STATEMENTS
--------------------------

From time-to-time,  the Company or its representatives may have made or may make
forward-looking   statements,   orally  or  in  writing.   Such  forward-looking
statements  may be  included  in,  but not  limited  to,  press  releases,  oral
statements  made with the  approval  of an  authorized  executive  officer or in
various filings made by the Company with the Securities and Exchange  Commission
or other  regulatory  agencies.  Words or phrases  "will  likely  result",  "are
expected  to",  "will  continue",  " is  anticipated",  "estimate",  "project or
projected",  or similar  expressions  are intended to identify  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of  1995  (the  "Reform  Act").  The  Reform  Act  does  not  apply  to  initial
registration  statements,  including  this  filing by the  Company.  The Company
wishes  to  ensure  that  meaningful   cautionary   statements   accompany  such
statements,  so as to maximize to the fullest extent possible the protections of
the safe harbor established in the Reform Act. Accordingly,  such statements are
qualified in their entirety by reference to and are accompanied by the following
discussion  of certain  important  factors  that could cause  actual  results to
differ materially from such forward-looking statements.


ITEM 7 -          FINANCIAL STATEMENTS
--------------------------------------

Reference is made to the financial statements and related notes and supplemental
data under Item 13 filed with this report.

ITEM 8 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
------------------------------------------------------

Not Applicable








                                       31
<PAGE>



                                    PART III


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

The table below lists,  as of January 7, 2000,  the names of the  Directors  and
Executive Officers of the Company. The Directors have served in their respective
capacities since their election and/or appointment and will serve until the next
Annual  Shareholders'  Meeting or until a successor is duly elected,  unless the
office is vacated in accordance with the  Articles/By-Laws  of the Company.  The
Executive  Officers  serve  at the  pleasure  of the  Board  of  Directors.  All
Directors  and  Executive  Officers  are  residents  and  citizens of the United
States.


                        Directors and Executive Officers

                                                                  Date First
                                                                     Elected
Name                                    Age                     or Appointed
----------------------------------------------------------------------------

Pakie Plastino, Chairman                50                         July 1997
William D. Doehne, COO                  46                         July 1997

Pakie  Plastino.  Mr.  Plastino is Chairman  and a Director of the  Company.  He
spends 90% of his time on the affairs of the  Company.  The Company has employed
him since March 1997.  His  responsibilities  include  recruiting,  coordinating
strategy,  planning,  and marketing.  Mr. Plastino is an officer of Construction
Lien and Credit Services, a Seattle-based  company that provides lien filing and
collection services for contractors,  and ChekProtekt,  a Seattle-based  company
that provides check  collection  services for merchants.  Mr.  Plastino has been
involved with Construction Lien and Credit Services since 1993.

William D. Doehne.  Mr. Doehne is the Chief Operating  Officer and a Director of
the Company. He spends 90% of his time on the affairs of the Company. Mr. Doehne
is also the  President  of  Contractors  Directory,  Inc..  Mr.  Doehne has been
associated  with  Contractors  Directory  since  1995.  From 1991 to 1995 he was
employed ChekProtekt.

The Company has no formal plan for  compensating its Directors for their service
in their  capacity as  Directors.  Directors are entitled to  reimbursement  for
reasonable travel and other  out-of-pocket  expenses incurred in connection with
attendance  at

                                       32
<PAGE>

meetings of the Board of  Directors.  The Board of Directors  may
award special  remuneration to any Director  undertaking any special services on
behalf of the Company  other than  services  ordinarily  required of a Director.
During Fiscal 1997, no Director received and/or accrued any compensation for his
services  as  a  Director,  including  committee  participation  and/or  special
assignments.

In 1999 an  advisory  group was  formed to advise  the  Company  on a variety of
business and technology  issues.  This advisory group currently consists of five
individuals,  each with over fifteen years of experience in business  leadership
and/or  technology  capacities.  These  individuals were referred to the Company
through  investors and business  relationships and were selected by the board of
directors.

Jonathan J. Goody.  Mr. Goody is a member of the Advisory  Board of the Company.
He is a former Vice President and sales  executive for Private  Business Inc. of
Brentwood,  Tennessee. Private Business is a software company that provides cash
management  software to small business through community bank partners.  Private
Business   became  a  public  company  in  June  1999.   Mr.   Goody's   primary
responsibility with Private Business included sales to banks located on the West
Coast.  Mr.  Goody  is  also a  founding  partner  of  Bay  Equity  Real  Estate
Acquisitions,  a private real estate  holding  company.  Mr. Goody  attended the
University of Southern California where he received a Bachelor of Science Degree
in Business Administration.

Curt Dean Blake. Mr. Blake was formerly the Chief Operating  Officer of Starwave
Corporation,  a company  involved  in the  collection  of  content  sites on the
Internet.  Mr. Blake graduated from the University of Washington in 1980 when he
received his Bachelor of Arts degree in Business Administration. In June 1983 he
received his Juris  Doctorate  from the  University of Washington and in 1984 he
received his MBA from the University of Washington.

Gary L. Bylund.  Mr. Bylund currently the President and Chief Executive  Officer
of Corporate  Planning  Systems,  L.L.C., a company involved in employee benefit
brokerage and consulting.

Jim David. Mr. David is the President of Trilogy Software,  a mainframe software
publisher.  From 1996 through 1998 he was employed by Data I/O Corporation first
as Vice President  Worldwide Sales & Marketing and then as President.  From 1992
through 1995 he was a Vice  President of Aldus USA. Mr. David  received both his
MBA  and  B.S  (Business  Administration/Mathematics)  from  the  University  of
Washington.

                                       33
<PAGE>

During Fiscal 1999,  the Company  awarded  25,000 shares of common stock to each
member of the Advisory Board.

Involvement in Certain Legal Proceedings
----------------------------------------

         Steven Everett Coryell

         On December  20, 1995, a civil  injunctive  complaint  was filed in the
         Fourth Judicial District Court in Boise,  Idaho (Cause  #CV0C95-06373D)
         charging  that  Steven  Everett  Coryell,  the former  Chief  Executive
         Officer of Consolidated Data, and his company,  National  Investigative
         Consultants,  Inc. violated the anti-fraud and registrations provisions
         of the Idaho Securities Act. The defendants admitted the allegations in
         the complaint,  which included that they sold securities in the form of
         stock,  distressed loans packages and limited partnership  interests to
         13 residents of the state of Idaho. A judgment was entered  against the
         defendants  on  March  27,  1996.  The  court's  order  found  that the
         defendants  violated the securities laws and permanently  enjoined them
         from engaging in such  practices in the future.  The court ordered full
         restitution  to  the  investors  in  the  amount  of  nearly  $345,000.
         Stipulation  for judgment and permanent  injunction  was entered on May
         13, 1996. Mr. Coryell is the sole owner of DTEK Corporation,  the owner
         of 2,685,000 common shares of the Company.

         Pakie Plastino

         On or around June 11, 1994,  Pakie Plastino was debarred from acting in
         any  capacity as a  contractor  in any  federally  funded  construction
         project by the U.S. Department of Education.  The term of the exclusion
         expired on or about August 28, 1995.

Family Relationships
--------------------

There are no family relationships between any of the officers and/or directors.


                                       34
<PAGE>

ITEM 10 - EXECUTIVE COMPENSATION
--------------------------------

Between April 1997 and March 1999,  Pakie Plastino  received  100,000 shares per
month as compensation for his services.

The Company has no material bonus or profit sharing plans pursuant to which cash
or  non-cash  compensation  is or may be  paid  to the  Company's  Directors  or
Executive  Officers.  The  Company  has  no  stock  option  or  other  long-term
compensation program.

During  1998,  no funds  were set aside or  accrued  by the  Company  to provide
pension, retirement or similar benefits for Directors or Executive Officers.

The Company has no plans or arrangements in respect of remuneration  received or
that may be  received  by  Executive  Officers  of the Company in Fiscal 1998 to
compensate  such officers in the event of termination of employment (as a result
of resignation,  retirement,  change of control) or a change of responsibilities
following  a change of  control,  where the value of such  compensation  exceeds
$60,000 per Executive Officer.

The Company has no written employment agreements.

Other than that disclosed  above, no compensation was paid during Fiscal 1998 to
any of the  officers  or  directors  of the Company to the extent that they were
compensated in excess of $60,000.

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

The Registrant is a publicly owned corporation, the shares of which are owned by
United States residents. The Registrant is not controlled directly or indirectly
by another corporation or any foreign government.







                                       35
<PAGE>



The table  below  lists,  as of January  11,  2000,  all  persons/companies  the
Registrant is aware of as being the  beneficial  owner of more than five percent
(5%) of the common stock of the Registrant.

                                5% Shareholders

Title                              Amount and Nature Percent
  of                               of Beneficial     of
Class   Name of Beneficial Owner   Ownership         Class #
------  ------------------------   -----------------  -------

Common  Pakie Plastino (1)         4,875,000          44.9%
Common  DTEK           (2)         2,685,000          24.7%

  TOTAL                            7,560,000          69.6% (3)(4)

#  Based on 10,864,000 shares outstanding as of January 11, 2000.

1.    4,650,000  of these  shares  are  restricted  pursuant  to Rule  144.  Mr.
      Plastino's   address  is  6912  220th  Street  S.W.,   Mountlake  Terrace,
      Washington 98043.
2.    All of these  shares are  restricted  pursuant  to Rule 144.  Patricia  J.
      Fishback votes these shares.  Ms. Fishback's address is 2309 Mountain view
      Drive, #195, Boise, Idaho.
3.    Does not reflect share purchase options for 250,000 shares of common stock
      issued to Wall Street  Marketing  Group Inc. for  consulting  services and
      does not include the conversion of preferred stock to common shares.
4.    All 100,000  shares of Preferred  Stock  currently  outstanding  are owned
      beneficially   and  of  record  by  HEP  Trust  Company,   located  at  22
      Grapetree/Cocoplum  West Bay  Road,  Grand  Cayman  Island,  British  West
      Indies.





                                       36
<PAGE>

The table below lists all Directors and Executive  Officers who beneficially own
the Registrant's  voting  securities and the amount of the  Registrant's  voting
securities  owned by the  Directors  and  Executive  Officers as a group,  as of
January 11, 2000.


                Shareholdings of Directors and Executive Officers


Title                                       Amount and Nature        Percent
 of                                             of Beneficial             of
Class   Name of Beneficial Owner                    Ownership        Class #
-----   ----------------------------        -----------------  -------------

Common  Pakie Plastino, Chairman & Director      4,875,000[1]        44.9%
Common  William D. Doehne                          250,000            2.3%
        Total                                    5,125,000           47.2%[2]


#  Based on 10,864,000 shares outstanding as of January 7, 2000.

[1] Mr. Plastino acquired 225,000 in March 1997; 1,500,000 shares in March 1997;
750,000 in April 1997; 500,000 on May 1, 1997;  1,200,000 on September 30, 1998;
and  700,000 in June 1999.
[2] Does not reflect share  purchase  options for 250,000 shares of common stock
issued to Wall Street Marketing Group Inc. for consulting  services and does not
include the conversion of preferred stock to common shares.


ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
--------------------------------------------------------

There have been no  transactions  since July 14,  1995 (Date of  Inception),  or
proposed transactions,  which have materially affected or will materially affect
the Company in which any Director,  Executive  Officer,  or beneficial holder of
more  that 10% of the  outstanding  common  stock,  or any of  their  respective
relatives,  spouses, associates or affiliates has had or will have any direct or
material indirect interest.

On March 3, 1999, the Company engaged InterCorp., Inc. of Seattle, Washington to
procure  accounting  and legal  services  necessary to produce  current  audited
financial statements and to complete and file Form 10-SB with the Securities and
Exchange  Commission.  InterCorp.,  Inc. also was to develop a business plan for
the online banking system. InterCorp agreed to provide such services in exchange
for 300,000 shares of restricted common shares. The services were deemed to have
a value of $60,000.  The Company  issued 300,000 shares of common stock in March
1999 in consideration  for services and $100.  Through October 1999, the Company
incurred   costs   associated   with  services  to  be  provided  by  InterCorp,
specifically accounting and legal costs associated

                                       37
<PAGE>

with  preparation of financial  statements and the Form 10-SB.  The Company paid
these bills directly and InterCorp has reimbursed the Company  $45,000 for these
costs.

Through October 1999, the Company incurred $45,000 in accounting and legal costs
associated  with the  preparation  of financial  statements  and the Form 10-SB.
These costs  related to services  that were to be  provided  by  InterCorp.  The
Company  paid these  bills  directly  and,  as of October  1999,  InterCorp  has
reimbursed the Company in full for these costs.

The Company's independent auditor is unrelated to Inter Corp., Inc.

The Company has awarded 250,000 share purchase  options to Wall Street Marketing
Group,  Inc., a firm that was hired to assist the Company in investor  relations
matter.  To date Wall Street  Marketing Group Inc. has exercised 75,000 of these
share purchase options.

In December 1999, the Company sold 80,000  restricted common shares to unrelated
third parties in a private placement. The purchasers of the shares also received
a warrant to purchase an additional  40,000 common shares with an exercise price
of $3.00 per share.  The warrants  expires  September  22,  2000.  The shares of
common stock and warrants were offered  pursuant to an exemption to registration
provided under Section 4(2), of the Securities Act of 1933. The Company received
cash proceeds of $120,000 from the sale of stock and warrants.


Item 13 - EXHIBITS AND REPORTS ON FORM 8-K
------------------------------------------

(a) The following documents are filed as part of this report:

1.       Index to Financial Statements

Independent Auditors' Reports

Consolidated Balance Sheets at September 30, 1999, 1998 and 1997

Consolidated  Statement  of Loss and  Accumulated  Deficit  for the years  ended
September 30, 1999, 1998 and 1997

Consolidated  Statement  of Cash Flows for the years ended  September  30, 1999,
1998 and 1997

Statement of Statement  of Changes in  Stockholders'  Equity for the years ended
September 30, 1999, 1998 and 1997

                                       38

<PAGE>

Notes to Financial Statements


2. Financial  statement  schedules  required to be filed by Item 8 and paragraph
(d) of this Item 13:

All  schedules  are omitted  because  they are not  applicable  or the  required
information is shown in the financial statements or notes thereto.

3. The exhibits are listed in the index of exhibits


(b) No reports on Form 8-K were  required to be filed during the last quarter of
the period covered by this
report.

(c) The index of exhibits



SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                                             Consolidated Data, Inc.
                                              a Colorado corporation

Date: January 13, 2000                       By: /s/ Pakie Plastino
                                                 ---------------------
Pakie  Plastino,  Chairman of the Board and President  (Principal  Financial and
Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the  following  persons on behalf of the Company and in
the capacities and on the dates indicated.

Date: January 13, 2000                       By: /s/ Pakie Plastino
                                                 --------------------
Pakie Plastino, Chairman of the Board and President

Date: January 13, 2000                       By: /s/ William D. Doehne
                                                 -------------------------
William D. Doehne, Director and Chief Operating Officer








<PAGE>













                             CONSOLIDATED DATA, INC.
                                 AND SUBSIDIARY
                          (A Development Stage Company)



                    AUDITED CONSOLIDATED FINANCIAL STATEMENTS
              FOR THE YEARS ENDED SEPTEMBER 30, 1999, 1998 AND 1997












<PAGE>








                                TABLE OF CONTENTS


                                                                       Page

Accountant's Report                                                      1

Financial Statements
    Consolidated Balance Sheet                                         2-3
    Consolidated Statements of Loss
         and Accumulated Deficit                                         4
    Consolidated Statements of Cash Flows                                5
    Consolidated Statements of Changes in
         Stockholders' Equity                                          6-8

Notes to Financial Statements                                          9-12


<PAGE>


                          Independent Auditor's Report




To the Board of Directors and Stockholders of
Consolidated Data, Inc.
Mountlake Terrace, Washington

I have audited the accompanying Consolidated Balance Sheet of Consolidated Data,
Inc. and  subsidiary for the years ended  September 30, 1999,  1998 and 1997 and
the  related   Consolidated   Statements  of  Loss  and   Accumulated   Deficit,
Consolidated  Statement  of Cash  Flows  for the  periods  then  ended,  and the
Consolidated  Statement of Changes in Shareholders' Equity. My responsibility is
to express an opinion on these restated financial statements based on my audit.

I conducted my audit in accordance with generally  accepted auditing  standards.
Those standards  require that I 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.
I believe that my audit provides a reasonable basis for my opinion.

In my opinion,  the  restated  financial  statements  referred to above  present
fairly, in all material  respects,  the financial position of Consolidated Data,
Inc. and subsidiary for the years ended  September 30, 1999,  1998 and 1997, and
the results of its  operations  and its cash flows for the periods then ended in
conformity with generally accepted accounting principles.

The  accompanying   financial   statements  have  been  prepared  assuming  that
Consolidated Data, Inc. will continue as a going concern. As discussed in Note 4
to  the  financial  statements,  Consolidated  Data,  Inc.  is  engaged  in  new
operations,  and the ability to continue to exist as a going  concern  relies on
the company's  ability to retain adequate  financing and to generate  sufficient
sales.  Management  plans in this regard are  described in Note 4. The financial
statements do not include any  adjustment  that might result from the outcome of
the uncertainty of future agreements, financings or sales.



/s/ W.L. Butcher, CPA PS
----------------------------

William L. Butcher, CPA P.S.
Everett, Washington
January 7, 2000


<PAGE>

                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                        SEPTEMBER 30, 1999, 1998 and 1997
-------------------------------------------------------------------------------

                                     ASSETS
                                     ------


                                  9/30/99          9/30/98          9/30/97
                                ----------       ----------       ----------
CURRENT ASSETS

 Cash                           $(  1,165)       $     492        $     598
                                ----------       ----------       ----------
   Total Current Assets          (  1,165)             492              598

FIXED ASSETS

 Office Equipment                   6,891            3,348              -0-
 Less: Accumulated Depreciation  (  2,213)        (    670)             -0-
 Software                          25,000           25,000           25,000
 Less: Accumulated Amortization  ( 24,306)        ( 15,972)        (  7,639)
                                ----------       ----------       ----------
   Total Fixed Assets               5,372           11,706           17,631

OTHER ASSETS

 Directory Marketing Rights        75,000           75,000           75,000
 Online Banking Software          640,000              -0-              -0-
 Less: Accumulated Amortization  (104,189)        ( 23,145)        (  8,145)
                                ----------       ----------       ----------
   Total Other Assets             610,811           51,855           66,855
                                ----------       ----------       ----------
TOTAL ASSETS                    $ 615,018        $  64,053        $  84,814
                                ==========       ==========       ==========




















            See accompanying notes and independent auditor's report.

                                      -2-

<PAGE>
                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                        SEPTEMBER 30, 1999, 1998 and 1997
-------------------------------------------------------------------------------




                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                  9/30/99          9/30/98          9/30/97
                                ----------       ----------       ----------

LIABILITIES

 Payroll Taxes Payable          $     -0-        $     -0-        $   2,111
 Loans Payable-Construct. Lien    105,582          121,220          120,145
 Loans Payable-CheKproteKt        262,344          277,683          173,206
 Loans Payable-HEP Trust           64,000           64,000           64,000
 Accounts Payable                  36,134              -0-              -0-
 Advance From Shareholder       (     415)       (    475)         (   475)
 Accrued Interest Payable         114,293           62,859           20,788
                                ----------       ----------       ----------
   Total Liabilities              581,938          525,287          379,775

STOCKHOLDERS' EQUITY

 Common Stock, No Par Value,
  50,000,000  shares  authorized;
  5,026,000 shares issued and
  outstanding at September 30,
  1997;  6,456,000  shares issued
  and outstanding  at  September
  30,  1998;  and  10,784,000
  shares  issued  and outstanding
  at September 30, 1999         1,131,163          185,563          106,063
 Preferred Stock, 5,000,000
    shares authorized; 100,000
    issued and outstanding at
    September 30, 1997, 1998 and
    at September 30, 1999          10,050           10,050           10,050
  Accumulated Deficit          (1,108,133)       ( 656,847)       ( 411,074)
                                ----------       ----------       ----------
   Total Stockholders' Equity      33,080        ( 461,234)       ( 294,961)
                                ----------       ----------       ----------
TOTAL LIABILITIES &
STOCKHOLDERS' EQUITY            $ 615,018        $  64,053        $  84,814
                                ==========       ==========       ==========


           See accompanying notes and independent auditor's report.

                                      -3-
<PAGE>
                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
             CONSOLIDATED STATEMENT OF LOSS AND ACCUMULATED DEFICIT
                        SEPTEMBER 30, 1999, 1998 and 1997
--------------------------------------------------------------------------------
                                                     Inception to  Inception to
                          Year Ended    Year Ended    Year Ended    Year Ended
                           9/30/99       9/30/98       9/30/97       9/30/99
                         -----------   -----------   -----------   -----------
Revenues
  Service revenue        $    27,558    $   17,515    $   29,518   $    74,591
                         -----------   -----------   -----------   -----------
    Gross Profit         $    27,558    $   17,515    $   29,518   $    74,591

Expenses
  Advertising                 15,776           -0-        36,589        52,365
  Accounting                   1,200           -0-           -0-         1,200
  Administration               2,000           -0-           -0-         2,000
  Amortization                89,378        23,333        15,784       128,495
  Audit fees                  10,000           -0-           -0-        10,000
  Bank charges                   415           321           423         1,159
  Consulting                  90,940         2,009        31,247       124,196
  Contract labor              15,532       102,201       197,217       314,950
  Depreciation                 1,544           670           -0-         2,214
  Directors fees              40,000        67,500        25,000       132,500
  Freight, delivery               62           -0-           -0-            62
  Insurance expense              -0-           -0-           105           105
  Internet expense             3,724           802           -0-         4,526
  Investor relations          25,000           -0-           -0-        25,000
  Legal, professional         39,746           -0-        17,092        56,838
  Licenses                       766         1,730           -0-         2,496
  Marketing                   11,349           -0-         9,260        20,609
  Meals, entertainment           691           -0-           189           880
  Miscellaneous expense          225         1,226         1,076         2,527
  Office expense              17,430           419        16,484        34,333
  Printing                     4,368           -0-           -0-         4,368
  Programming                  2,520           -0-           -0-         2,520
  Rent - equipment               -0-        12,974        12,443        25,417
  Rent - office                2,800         3,600        10,350        16,750
  Supplies                       -0-           110         1,599         1,709
  Taxes - payroll                -0-         1,649           -0-         1,649
  Telephone                   12,627         1,964         2,258        16,849
  Transfer agent fees          2,139           -0-           -0-         2,139
  Travel                      33,809           -0-         4,400        38,209
  Wages and salaries             -0-           -0-        10,754        10,754
  Website fees                 3,372           709        27,545        31,626
                         -----------   -----------   -----------   -----------
     Total Expenses      $   427,413   $   221,217   $   419,815   $ 1,068,445
                         -----------   -----------   -----------   -----------

Loss From Operations     $(  399,855)  $ ( 203,702)  $(  390,297)  $(  9938549)

Other Income & Expense
  Other income                   -0-           -0-            10            10
  Interest income                  1           -0-             1             2
  Other expense                  -0-           -0-           -0-           -0-
  Interest expense        (   51,432)   (   42,071)   (   20,788)   (  114,291)
                         -----------   -----------   -----------   -----------
     Total Other
     Income & Expense    $(   51,431)  $(   42,071)  $(   20,777)  $(  114,279)
                         -----------   -----------   -----------   -----------
Net Loss                  (  451,286)   (  245,773)   (  411,074)   (1,108,133)

Accumulated Deficit,
beginning of period       (  656,847)   (  411,074)          -0-           -0-

Accumulated Deficit,
end of period            $(1,108,133)  $(  656,847)  $(  411,074)  $(1,108,133)
                         ===========   ===========   ===========   ===========

           See accompanying notes and independent auditor's report.

                                      -4-
<PAGE>

                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
            CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEARS ENDING
                        SEPTEMBER 30, 1999, 1998 and 1997
<TABLE>
--------------------------------------------------------------------------------------------

                                                                   Inception to  Inception to
                                       Year Ended    Year Ended    Year Ended    Year Ended
                                        9/30/99       9/30/98       9/30/97       9/30/99
                                       -----------   -----------   -----------   -----------
<S>                                    <C>           <C>           <C>           <C>
Cash Flows From
Operating Activities:

Net Loss                               $(  451,286)  $(  245,773)  $(  411,074)  $(1,108,133)
                                       -----------   -----------   -----------   -----------
Adjustments to Reconcile
Net Loss to Net Cash
Provided by Operating Activities
   Net Cash Provided by
   Operating Expenses:
      Depreciation & Amortization           90,921        24,003        15,784       130,708
      (Increase) Decrease In:
         Office Equipment               (    3,543)    (   3,348)          -0-    (    6,891)
         Software                              -0-           -0-     (  25,000)   (   25,000)
         Directory Marketing Rights            -0-           -0-     (  75,000)   (   75,000)
         Online Banking Software        (  640,000)          -0-           -0-    (  640,000)
      Increase (Decrease) In:
         Payroll Taxes                         -0-     (   2,111)        2,111           -0-
         Accounts Payable                   36,134           -0-           -0-        36,134
         Accrued Interest Payable           51,434        42,071        20,788       114,293
                                       -----------   -----------   -----------   -----------

Total Adjustments                       (  465,054)       60,615     (  61,317)   (  465,756)

Net Cash Provided by
Operating Activities:                   (  916,340)    ( 185,158)    ( 472,391)   (1,573,889)

Cash Flows From
Financing Activities:
   Loans Payable                        (   30,977)      105,552       357,351       431,926
   Advances-Shareholder                         60           -0-     (     475)   (      415)
   Common Stock                            945,600        79,500       106,063     1,131,163
   Preferred Stock                             -0-           -0-        10,050        10,050
                                       -----------   -----------   -----------   -----------
Net Cash Received From
Financing Activities:                      914,683       125,052       472,989     1,572,604

Cash Beginning of Periods                      492           598           -0-           -0-

Cash End of Periods                     (    1,165)          492           598    (    1,165)
                                       ===========   ===========   ===========  ============
</TABLE>

           See accompanying notes and independent auditor's report.

                                      -5-


<PAGE>
<TABLE>
                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                        SEPTEMBER 30, 1999, 1998 and 1997
-----------------------------------------------------------------------------------------------------
                                  Number of Shares           Amount
                                --------------------   --------------------   Accumulated
                                 Common    Preferred    Common    Preferred     Deficit       Total
                                ---------  ---------   ---------  ---------   -----------   ---------
<S>                             <C>        <C>         <C>        <C>         <C>           <C>
BALANCE AT INCEPTION,
JULY 14, 1995                         -0-        -0-         -0-        -0-           -0-         -0-

May 1996 issuance of
100,000 shares
preferred stock                       -0-    100,000         -0-     10,050           -0-      10,050

June 1996 issuance of
1,701,000 shares
common stock pursuant
to 504 Reg D at
$0.0005 per share               1,701,000        -0-         851        -0-           -0-         851

Net Loss - Year Ended
September 30, 1996                    -0-        -0-         -0-        -0-      ( 38,561)   ( 38,561)
                                ---------  ---------   ---------  ---------   -----------   ---------
BALANCE,
SEPTEMBER 30, 1996              1,701,000    100,000         851     10,050      ( 38,561)   ( 27,660)


March 1997 issuance
of shares of common
stock pursuant to
504 Reg D at $0.0005
per share                         225,000        -0-         112        -0-           -0-         112

March 1997 issuance
of 1,500,000 shares
of common stock for
directory marketing
rights at $0.05 per
share                           1,500,000        -0-      75,000        -0-           -0-      75,000

April 1997 issuance
of 1,000,000 shares
of common stock for
acquisition of Con-
tractors Directory,
Inc.                            1,000,000        -0-         100        -0-           -0-         100

Issuance of shares
for directors fees
pursuant to direc-
tors' resolution
dated May 1, 1997
at $0.05 per share                500,000        -0-      25,000        -0-           -0-      25,000

Issuance of shares
for attorney and
secretarial services
at $0.05 per share                100,000        -0-       5,000        -0-           -0-       5,000

</TABLE>

           See accompanying notes and independent auditor's report.

                                      -6-

<PAGE>

                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                        SEPTEMBER 30, 1999, 1998 and 1997
<TABLE>
-----------------------------------------------------------------------------------------------------
                                  Number of Shares           Amount
                                --------------------   --------------------   Accumulated
                                 Common    Preferred    Common    Preferred     Deficit       Total
                                ---------  ---------   ---------  ---------   -----------   ---------
<S>                             <C>        <C>         <C>        <C>         <C>           <C>
Net Loss - Year Ended
September 30, 1997                    -0-        -0-         -0-        -0-      (372,513)   (372,513)

BALANCE,
SEPTEMBER 30, 1997              5,026,000    100,000     106,063     10,050      (411,074)   (294,961)


October-December
1997 issuance of
shares pursuant to
504 Reg D private
placement at $0.15
per share                          80,000        -0-      12,000        -0-           -0-      12,000

August 1998
issuance of shares
for consulting
services at
$0.05 per share                   150,000        -0-       7,500        -0-           -0-       7,500

September  1998
issuance of shares
for directors fees
pursuant to direc-
tors' resolution
dated May 1, 1997
at $0.05 per share              1,200,000        -0-      60,000        -0-           -0-      60,000

Net Loss - Year Ended
September 30, 1998                    -0-        -0-         -0-        -0-      (245,773)   (245,773)

BALANCE,
SEPTEMBER 30, 1998              6,456,000    100,000     185,563     10,050      (656,847)   (461,234)


March 1999
issuance of shares
for consulting
services at
$0.20 per share                    25,000        -0-       5,000        -0-           -0-       5,000

March 1999
issuance of shares
for legal, account-
ing and consulting
services at
$0.20 per share                   300,000        -0-      60,000        -0-           -0-      60,000

March 1999
issuance of shares
for online banking
software rights at
$0.20 per share                 2,000,000        -0-     400,000        -0-           -0-     400,000

</TABLE>

           See accompanying notes and independent auditor's report.

                                      -7-

<PAGE>

                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                        SEPTEMBER 30, 1999, 1998 and 1997
<TABLE>
-----------------------------------------------------------------------------------------------------
                                  Number of Shares           Amount
                                --------------------   --------------------   Accumulated
                                 Common    Preferred    Common    Preferred     Deficit       Total
                                ---------  ---------   ---------  ---------   -----------   ---------
<S>                             <C>        <C>         <C>        <C>         <C>           <C>
April 1999 issuance
of shares pursuant
to exercise of
private placement
stock option;
25,000 shares at
$1.00; 25,000
shares at $2.00;
and 25,000 shares
at $5.00                           75,000        -0-     200,000        -0-           -0-     200,000

April 1999 addi-
tional issuance
of shares for
online banking
software at $0.20
per share                       1,200,000        -0-     240,000        -0-           -0-     240,000

May 1999 issuance
of shares for con-
sulting services
at $0.20 per share                 28,000        -0-       5,600        -0-           -0-      5,600

June 1999 issuance
of balance of shares
for directors fees at
$0.05 per share pur-
suant to directors
resolution dated
May 1, 1997                       700,000        -0-      35,000         -0-           -0-     35,000

Net Loss - Year Ended
September 30, 1999                    -0-         -0-        -0-        -0-      (451,286)  ( 451,286)
                                ---------  ---------   ---------  ---------   -----------   ---------
BALANCE,
SEPTEMBER 30, 1999             10,784,000    100,000   1,131,163     10,050    (1,108,133)     33,080
                               ==========  =========   =========  =========   ===========   =========

</TABLE>

           See accompanying notes and independent auditor's report.

                                      -8-

<PAGE>

                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                        SEPTEMBER 30, 1999, 1998 and 1997
--------------------------------------------------------------------------------


Note 1.  The Company
--------------------

Consolidated  Data,  Inc.   (formerly   Attache'  Holdings,   Ltd),  a  Colorado
corporation,  (the  "Company")  initially was capitalized in May 1996 through an
issuance of 100,000 shares of its preferred stock in consideration  for $10,050.
Shortly  thereafter  in June 1996,  the Company  commenced  an offering of up to
20,000,000  shares of its  common  stock in units of 5,000  shares for $2.50 per
unit pursuant to Rule 504 of  Regulation D of the  Securities  Act of 1933.  The
Company sold a total of 1,926,000 common shares in this Regulation D offering.

In  early  1997,  the  company  acquired  all of  the  marketing  rights  to its
electronic  directory  system  for  Colorado,  California  and  New  Mexico  for
1,500,000  common shares of the Company's  restricted  stock.  These  electronic
directories,  through  extensive use of  state-of-the-art  computer and Internet
telecommunications  technology, will provide comprehensive listings of available
sub-contractors and materials suppliers as well as daily up-dated information on
other  key items  such as  building  permits,  bid  lists  and  credit  and lien
information.  Each of the companies electronic directories will cover a specific
region of the country which can be readily  accessed by anyone  involved in real
estate activities.  Essentially,  they will constitute geographic  "Contractor's
Electronic  Yellow Pages" which will be much superior to and  considerably  less
expensive than the traditional telephone directory yellow pages.

The Company soon  realized the large  potential of this  business and  effective
April 20, 1997 the Company  assumed all  worldwide  rights and  ownership to the
electronic  directory  system by  acquiring  100% of the issued and  outstanding
common  stock of  Contractors  Directory,  Inc., a  Washington  corporation,  in
exchange for 1,000,000 common shares of the Company's restricted stock.

Funding  for  development  by the  Company's  electronic  directory  system  was
obtained by the  Company's  wholly-owned  subsidiary  through  short-term  loans
arranged by the Company's management.

As an  expansion  of the  Company's  Internet  business on March 10,  1999,  the
Company  acquired from DTEK  Corporation all worldwide  rights,  exclusively and
irrevocably,  to DTEK's proprietary online Internet  technology and software for
$640,000 payable as follows:

     1.  $400,000  paid  by the  issuance  of  2,000,000  common  shares  of the
Company's restricted stock at $0.20 per share.

     2.  $240,000  paid at the rate of  $10,000  per  license  use or the  stock
equivalent  at the rate of $0.20 per share of the  Company's  restricted  common
stock or  1,200,000  shares.  The cash or the stock must be paid by the  Company
twelve months from the date of the contract or by March 10, 2000.

On April 12, 1999 the Company  authorized and did issue 1,200,000  shares of its
restricted  common  stock  in full  satisfaction  of its  agreements  with  DTEK
Corporation above.

As a part of the Company's online banking software acquisition, DTEK Corporation
has assigned to the Company all rights and title to an existing software license
between DTEK and Global Payment  Systems,  LLC which shall include payments from
River City Bank of  Sacramento,  subject to DTEK  receiving  the  balance of the
initial licensing  revenues as compensation for its consulting and support.  All
residual income will go to Consolidated Data, Inc.

                                      -9-

<PAGE>
                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                        SEPTEMBER 30, 1999, 1998 and 1997
--------------------------------------------------------------------------------


Note 2.  Consulting Agreements
------------------------------

On March 3, 1999 in  response  to newly  instituted  public  company  regulatory
requirements,  the Company  engaged  InterCorp,  Inc. to procure  accounting and
legal services necessary to produce current audited financial  statements and to
complete and file form 10SB with the SEC. InterCorp,  Inc. also was to develop a
business  plan  for the  online  banking  system.  The  Company  issued  300,000
restricted  common  shares as payment for the $60,000 fee charged by  InterCorp,
Inc. at $0.20 per share.

On March 1, 1999 the Company  engaged  Wall Street  Marketing  Group,  Inc. as a
consultant for twelve (12) months to represent,  advise,  counsel and assist the
Company  in  public  relations,  public  appearances  and the  marketing  of the
Company.  Wall Street  Marketing  Group,  Inc. was also  engaged to  disseminate
information  from the Company to licensed  members of the  securities  industry.
Services to be  performed  do not relate to NASD  activities  or  financing.  In
addition to a  consulting  fee of $5,000 per month for twelve (12)  months,  the
Company also granted stock options on the Company's stock to be exercised by May
1, 2000 as follows:

          1)  25,000 shares priced at $1.00 per share;
          2)  25,000 shares priced at $2.00 per share;
          3)  25,000 shares priced at $5.00 per share;
          4)  25,000 shares priced at $10.00 per share;
          5)  25,000 shares priced at $15.00 per share;
          6)  25,000 shares priced at $20.00 per share;
          7)  25,000 shares priced at $25.00 per share;
          8)  25,000 shares priced at $30.00 per share;
          9)  25,000 shares priced at $40.00 per share;
         10)  25,000 shares priced at $50.00 per share.

As of June 30,  1999,  Wall  Street  Marketing  Group had  exercised  options to
purchase the Company's common stock as follows:  25,000 shares at $1.00,  25,000
shares at $2.00,  and  25,000  shares at $5.00 for a total of 75,000  shares for
$200,000.


Note 3.  Summary of Significant Accounting Policies
---------------------------------------------------

These Financial Statements include all of the assets, liabilities and results of
operation of the Company.  The Company operates on a fiscal year basis beginning
October 1 and ending  September  30.  Property and  equipment  are stated at the
lower  of  cost  or  fair  market  value  less   accumulated   depreciation  and
amortization.  Depreciation is computed for financial statement purposes as well
as for federal income tax purposes using the MACRS  (Modified  Accelerated  Cost
Recovery  System) method of  depreciation.  Equipment is  depreciated  over five
years.  Software is amortized over three years.  Electronic  directory marketing
rights and online  banking  license  rights are amortized  over five years.  All
depreciation and amortization methods used are in accordance with GAAP.

Cost of start-up  activities  including  organization  costs,  were  expensed as
incurred for both  Consolidated  Data, Inc. and Contractors  Directory,  Inc. in
accordance with SOP 98-5. These  consolidated  financial  statements include the
accounts of Contractors Directory, Inc., a wholly owned subsidiary. Intercompany
transactions have been eliminated.





                                       10
<PAGE>
                     CONSOLIDATED DATA, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                        SEPTEMBER 30, 1999, 1998 and 1997
--------------------------------------------------------------------------------

Note 3.  Summary of Significant Accounting Policies - continued
---------------------------------------------------

Effective April 20, 1997, Attache Holdings, Inc. acquired 100% of the issued and
outstanding   common  stock  of  Contractors   Directory,   Inc.,  a  Washington
corporation,  in a stock for stock  acquisition  (accounted  for as a pooling of
interest) in exchange for 1,000,000  shares of the Company's  restricted  common
stock.  The  two  shareholders  who  held  100%  of the  stock  of  Contractor's
Directory,  Inc.  exchanged their stock for the 1,000,000 shares of common stock
of Attache as follows:

   Pakie Plastino             traded all of his holdings for 750,000 shares
   William D. Doehne          traded all of his holdings for 250,000 shares


Note 4.  Going Concern
----------------------

Because of a deficiency in working  capital and  significant  operating  losses,
there is doubt about the ability of the Company to continue in existence  unless
additional working capital is obtained. The Company currently has plans to raise
sufficient  working capital through equity financing and through the acquisition
of companies having  sufficient assets and cash flow to enable the Company to be
self-sufficient and profitable.


Note 5.  Company Facilities
---------------------------

The Company  currently rents shared office space on a month-to-month  basis from
Construction  Lien and Credit Service,  Inc.,  6912-220th  Street SW, Suite 320,
Mountlake Terrace, Washington 98043, for which it is charged $300 per month.


Note 6.  Income Tax
-------------------

Consolidated  Data,  Inc. and  Contractors  Directory,  Inc.  each file separate
federal income tax returns.  The net operating loss for Consolidated  Data, Inc.
is $(117,502)  and will begin  expiring in the year 2010. The net operating loss
for  Contractors  Directory,  Inc. is $(524,130)  and will begin expiring in the
year 2010.


Note 7.  Certain Relationships
------------------------------

Pakie V. Plastino, President of the company, has periodically funded the Company
over the past  three  years  through  loans  from  Construction  Lien and Credit
Services, Inc. and CheKproteKt,  Inc., companies under the ownership and control
of Mr.  Plastino.  Such loans will be paid back  consistent  with the  Company's
capital requirements.


Note 8. Subsequent Event (Unaudited)
------------------------------------

In December 1999, the Company sold 80,000  restricted common shares to unrelated
third parties in a private placement. The purchasers of the shares also received
a warrant to purchase an additional  40,000 common shares with an exercise price
of $3.00 per share. The warrant expires September 22, 2000. The shares of common
stock and  warrants  were  offered  pursuant  to an  exemption  to  registration
provided under Section 4(2), of the Securities Act of 1933. The Company received
cash proceeds of $120,000 from the sale of stock and warrants.




                                       11
<PAGE>



Exhibit index

3.1 *Articles of Incorporation

3.2 *BYLAWS

4 *Amendment to Form D

21 *Subsidiaries of the Registrant

23 *Consent of Accountants

27 Financial Data Schedule


* These  documents have been  previously  filed with the Securities and Exchange
Commission and are incorporated by reference herein