SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-KSB

                            Annual Report Pursuant to
                       the Securities Exchange Act of 1934

                       Fiscal Year Ended December 31, 2000

                         Commission file number 0-26317

                             TRIAD INNOVATIONS, INC.
                             -----------------------
             (Exact name of registrant as specified in its charter)

               Nevada                           93-0863198
              --------                         ------------
      (State of incorporation)        (I.R.S. Employer Identification No.)

          800 North Rainbow Boulevard, Suite #208, Las Vegas, NV 89107
          ------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                (702) 948-5007 Securities registered pursuant to
                            Section 12(g) of the Act:

                                  Common Stock
                                  ------------
                               Title of each class

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days. Yes X No

Check if disclosure of delinquent  filers pursuant 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. X

State issuer's revenues for its most recent fiscal year.  $0

There were 16,234,958 shares of the Registrant's  common stock outstanding as of
December 31, 2000.

The aggregate market value of the 11,727,540  shares of voting common stock held
by nonaffiliates  of the Registrant is approximately  $1,055,478 on December 31,
2000.


<PAGE>




                                TABLE OF CONTENTS

PART I

         Item 1.   Description of Business
         Item 2.   Description of Property
         Item 3.   Legal Proceedings
         Item 4.   Submission of Matters to a Vote of Security Holders

PART II

         Item 5.   Market for Common Equity and Related Stockholder Matters
         Item 6.   Management's Discussion and Analysis or Plan of Operation
         Item 7.   Financial Statements
         Item 8.   Changes in and Disagreements With Accountants on Accounting
                          and Financial Disclosure

PART III

         Item 9.   Directors, Executive Officers, Promoters and Control Persons;
                          Compliance with Section 16(a) of the Exchange Act
         Item 10. Executive Compensation
         Item 11. Security Ownership of Certain Beneficial Owners and Management
         Item 12. Certain Relationships and Related Transactions
         Item 13. Exhibits and Reports on Form 8-K

SIGNATURES




<PAGE>




                                     PART I

Item 1.  BUSINESS
         --------

         History
         -------

         Triad Innovations,  Inc.  (formerly Saker One Corporation)  (Triad) was
created on  December  23, 1981 in the State of Utah.  Over the years,  Triad has
engaged in various  enterprises,  none of which have been  successful.  In 1998,
Triad acquired all of the outstanding  stock of Triad  Compressor,  Inc. a Texas
corporation,  which owned 100% of the outstanding stock of Fuge Systems,  Inc, a
Texas  corporation.  In 1998,  Triad  created,  and later  merged with, a Nevada
subsidiary.

         Triad  Compressor  (Compressor) was organized on February 20, 1996 as a
wholly owned subsidiary of Intelligent  Design Systems,  Inc. (IDS).  Compressor
became a separately  owned company when IDS declared a dividend and  distributed
Compressor  stock to IDS  stockholders.  Triad then acquired all the outstanding
stock from IDS  stockholders at a special  stockholders  meeting on December 21,
1998.

     Fuge  Systems,  Inc.  was  created  on  October  4, 1995 as a wholly  owned
subsidiary  of IDS,  which was then  spun off as a wholly  owned  subsidiary  of
Compressor in November 1998.

         Together,   all  three  corporations,   Triad,   Compressor  and  Fuge,
constitute  a  consolidated  group of  corporations  known as the  Company.  All
intercompany accounts and financial transactions have been eliminated.

         The  primary  asset of  Compressor  is a  compressor  that is an engine
device  that is  intended  to be  operated  using a mix of gaseous  fuel such as
natural  gas that can be used in the gas  industry  and other  applications.  In
1999,  the Company  abandoned  all research on the  compressor  and all costs of
acquiring a patent on the process has been written off.

         The primary asset of Fuge is a gas centrifuge  for multiple  separation
applications in the oil and gas industry,  waste water clean-up,  and acids, and
ethanol dehydration.

         Both  products  are still in the  development  stage  and all  expenses
related to the  research  and  development  are  expensed as  incurred.  Neither
product has reached the  commercially  viable state and while all activities are
directed  to that end,  the  Company is  considered  to be a  development  stage
company and all financial  activity of that stage is reported since inception as
defined by SFAS #7.

         Financial Information About Industry Segments
         ---------------------------------------------
         See "Financial Statements and supplementary Data," Item below.

         Narrative Description of Business
         ---------------------------------

         Triad Innovations,  Inc.  (formerly Saker One Corporation)  ("Triad" or
"Company")  was  created on  December  23, 1981 in the State of Utah as Cavalier
Resources  Corporation.  The name was later  changed  to Saker One  Corporation.
Saker One and Triad entered into a Plan and Agreement of  Reorganization in 1998
whereby Triad merged into a wholly owned


<PAGE>



subsidiary  of  Saker  and   subsequently   Saker  changed  its  name  to  Triad
Innovations,  Inc. after redomiciling to Nevada. Over the years, the Company has
engaged in various enterprises,  none of which have been successful. The Company
owns all of the  outstanding  stock of Triad  Compressor,  a Texas  corporation,
which  owns  100% of the  outstanding  stock  of  Fuge  Systems,  Inc.,  a Texas
corporation.  In 1998, Michael Bloom,  James LaPorte,  Natural Resources Limited
Company, and the Kaden Gordon Group I, Ltd. entered into Contribution Agreements
under which they contributed technology and licenses to Saker One. Michael Bloom
received 2,500,000 shares, James LaPorte received 1,350,000 shares, Kaden Gordon
Group I, Ltd.  received  800,000 shares and Natural  Resources  Limited  Company
received 1,200,000 shares.

     The Company has two wholly owned subsidiaries,  Triad Compressor,  Inc. and
Fuge Systems, Inc.

         The primary asset of Compressor is for  compressing  industrial  gases,
natural gases or air. The size and  simplicity of Triad's  prototype  compressor
provides  opportunities  involving compact service  requirements.  While compact
size and low fabrication  costs offer  marketing  advantages for Triad's design,
the  compressor  industry is very  competitive  and design  advantages  are less
valuable without name recognition and strong marketing infrastructure.

         Triad views the economic potential for the compressor  technology to be
of value, but less significant than Triad's centrifuge technology.

         The  primary  asset  of  Fuge  is  fluid  centrifuge  technology  under
development  for  multiple  applications  in  industry.  Some of the  industrial
applications under investigation include industrial gas production of oxygen and
nitrogen, natural gas processing, and ethanol (solvent) de-hydration.  Fuge owns
several  prototype  centrifuge  models along with  miscellaneous  tools and test
equipment all located in rented shop facilities in Mankato, Minnesota.

         Both  products  are still in the  development  stage  and all  expenses
related to the  research  and  development  are  expensed as  incurred.  Neither
product has reached the  commercially  viable state and while all activities are
directed  to that end,  the  Company is  considered  to be a  development  stage
company and all financial  activity of that stage is reported since inception as
defined by SFAS #7.

         Fuge is the owner of the  assignment of U.S.  Patent  5,902,224  titled
Mass-Mass Cell Gas  Centrifuge  issued May 11, 1999 in the name of the inventor,
Michael Bloom. Fuge intends to seek additional patents as warranted from further
research and development activities.

         The intellectual  property assets are encumbered by certain royalty and
security  agreements retained upon the transfer of license rights held by others
including  certain  Officers  and  Directors  of  the  Company.   (See  "Royalty
Agreements").

         Triad  has  retained  Stancil  & Co.  ("Stancil")  to  assist  with the
marketing and  development of Triad's  technologies  and to provide  independent
verification  of performance  tests.  Stancil is a professional  consulting firm
specializing  in the  technical  and economic  issues of the energy and chemical
industries.   Following  these  verification  tests,  Triad  will  pursue  joint
development   agreements  or  other  funding   arrangements   for  the  specific
applications  presented  in  this  report.  Plans  are to  develop  four to five
projects concurrently in the next year with commercial  applications in place by
2001.  Development work in 2001 would focus on broadening the testing to include
projects with more diverse applications.



<PAGE>



         A distribution  method of products or services has not been established
as the Company is still in  development  stage for its products.  The Company is
considering  nonexclusive  license  arrangements  to  industry  as  a  means  of
marketing.  The Company may acquire,  own, and/or operate  properties  where the
technology  can be deployed.  The Company has issued press  releases  announcing
plans  to focus on  development  of the  centrifuge  for  ethanol  de-hydration.
Research and development  activities are being directed to this end. Funding for
these activities is being derived from certain shareholder loans.

     Mr. Bloom's  resignation of March 5, 2001 included an offer to consult with
Triad  Innovations  management  and  development  team to  complete  testing  of
existing procedures. Mr. Bloom's resignation was based upon his desire to pursue
other endeavors.

     The  Board  of  Directors  has  accepted  Mr.  Bloom's  resignation  and is
developing  new  plans  for the  continuation  of the  testing  of the  existing
technologies.


Item 2.  PROPERTIES
         ----------

         Facilities
         ----------

            The Company has no  property.  The Company  currently  maintains  an
office at 800 North Rainbow Boulevard, Suite 208, Las Vegas, NV 89107.

         Real Property
         -------------

         None

         Mineral Properties
         ------------------

         None

Item 3.  LEGAL PROCEEDINGS
         -----------------

         As of December 31,  2000,  the Company was neither a party nor were any
of its properties subject to any legal proceedings.

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         ---------------------------------------------------

     No matters  were  submitted  during the period  covered by this report to a
vote of security holders of the Company,  through the solicitation of proxies or
otherwise.


<PAGE>




                                     PART II

Item 5.   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
          ---------------------------------------------------------------------

         As of the date of this  report,  there has been no trading or quotation
of the Company's  common stock.  The range of high and low trade  quotations for
each fiscal quarter since the last report, as reported by the National Quotation
Bureau Incorporated, was as follows:


                                 2000        High          Low
                           First quarter    $2-1/8       $1-1/16
                           Second quarter   $1.25        $.1.25
                           Third quarter    $.90         $.375
                           Fourth quarter   $.50         $.09


                                 1999        High          Low
                           First quarter    $3.50        $.50
                           Second quarter   $.92         $.40
                           Third quarter    $2.00        $.75
                           Fourth quarter   $1.75        $.26

         The  above  quotations  reflect  inter-dealer  prices,  without  retail
mark-up,  mark-down,  or commission  and may not  necessarily  represent  actual
transactions.

         As of December 31, 2000, there were 988 record holders of the Company's
common Stock.

         The Company has not  declared or paid any cash  dividends on its common
stock and does not anticipate paying dividends for the foreseeable future.

Item 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        -----------------------------------------------------------------------
        OF OPERATIONS
        -------------

Results of Operations
---------------------

Year Ended December 31, 2000 Compared to Year Ended December 31, 1999
---------------------------------------------------------------------

         The Company had no revenues for the year ended December 31, 2000,  just
as it had for the year ended December 31, 1999.

         The Company had an operating loss of ($403,214) for year ended December
31, 2000 compared to a loss of ($555,004)  for the year ended December 31, 1999.
Net loss per share in the year  ended  December  31,  2000 was  ($.03) per share
compared  to a loss in the prior  fiscal  year of ($.04).  The  largest  item of
expense was $151,000 in salary accruals to officers.


<PAGE>



         The Company has yet to produce a working product for commercial markets
and continues to be engaged in activities to attempt to develop its products.

         The trend of  operating  losses can be expected  to continue  until the
Company is able to acquire or achieve an operating  profitable  business,  which
certainly is not assured.

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

         The  Company  had $6,527 in cash  capital  and $0 prepaid  expenses  at
December 31,  2000.  Total  current  assets at December 31, 2000 were $6,527 and
current liabilities totaled $582,303 for a deficit of ($575,776). For year ended
December 31 1999, $389 in cash capital and $0 prepaid expenses.  The Company has
no other  capital  resources  other  than its  common  shares.  The assets as of
December  31,  1999 were $389 an  current  liabilities  totaled  $427,798  for a
deficit of ($27,409) The Company will need loans or private  placements of stock
to provide funds for continuing operations.


Item 7.  Financial Statements and Supplementary Data
         -------------------------------------------

        Please refer to pages F-1 through F-10.

Item 8.  Changes in and Disagreements on Accounting and Financial Disclosure
         -------------------------------------------------------------------

         In  connection  with  audits of two most  recent  fiscal  years and any
interim period preceding  resignation,  no  disagreements  exist with any former
accountant  on any  matter of  accounting  principles  or  practices,  financial
statement disclosure, or auditing scope of procedure, which disagreements if not
resolved to the  satisfaction of the former  accountant would have caused him to
make  reference  in  connection  with his  report to the  subject  matter of the
disagreement(s).

         The principal  accountants' reports on the financial statements for any
of the past two years  contained no adverse  opinion or a disclaimer  of opinion
nor was  qualified as to  uncertainty,  audit scope,  or  accounting  principles
except for the "going concern" qualification.



<PAGE>



                                    PART III

Item 9.   Directors and Executive Officers of the Registrant and Compliance with
          ----------------------------------------------------------------------
          Section 16(a)
          -------------

The directors and executive officers of the Company as of December 31, 2000, are
as follows:

          Name        Age        Position                           Term
          ----        ---        --------                           ----

Janis R. Monroe       61         CEO and Director                   Annual
James B. LaPorte      37         Director                           Annual
Michael R. Bloom(1)   48         Sr. Vice President & Director      Annual
Dr. Alan Propp        39         Vice President & Director          Annual
J. Scott Brosier      46         CFO & Director                     Annual
Dr. Houston G. Wood   56         Director                           Annual
Chris Micklatcher     43         Director                           Annual
Anthony R. Grindl     59         Director                           Annual
Rob Schleider         50         Director                           Annual

     Janis Monroe shall serve as Chief Executive Officer and Michael R. Bloom as
Vice President of Research and Development of Triad  Innovations,  Inc. Dr. Alan
Propp  will  serve as  President  of Triad  Compressor  and  Secretary  of Triad
Innovations, Inc. J. Scott Brosier will serve as treasurer of Triad Innovations,
Inc. and as President of Fuge Inc.

         JANIS  R.  MONROE,  age  61,  graduated  with a BBA and  MAc  from  the
University of Arizona,  Tuscon, Arizona.  Ms. Monroe is a CPA, and has served in
various capacities during her career, including college professor at Sam Houston
State  University from 1980 to 1984,  CEO/President  of MicroMash,  a CPA review
software  company,  from  1984 to 1995,  and  Executive  Vice  President  of ICS
Learning Systems from 1995 to 1997. She is currently a self-employed  consultant
and serves on various Boards of Directors in varying capacities.  Most recently,
Ms. Monroe  received the covenanted  AICPA  Information  Technology  Outstanding
Service Award in 1999.  She is also a member of the MicroMash  Editorial  Board,
serves on the AICPA New Committee of 100, and serves as chairperson of the AICPA
Task Force for Top Technologies.

         JAMES B. LAPORTE,  age 37,  received his BA in Business  Administration
and  Economics  from  Augsburg  College in 1987 and his MBA in Finance  from the
University of Saint Thomas, Saint Paul, Minnesota in 1992. From 1984 to 1986 Mr.
LaPorte was employed by Larson  Enterprises of Central Florida,  Inc., a Perkins
Restaurants  franchisee.  His final  position  there was as Regional  Operations
Manager. From 1986 until 1993 Mr. LaPorte served as Vice President of Operations
for J.C. Oil & Gas Corporation.  Since 1993 he has held management positions and
a seat on the Board of Directors within Dominion Energy PLC, an  internationally
based public company, most recently serving as Managing Director.

         MICHAEL R. BLOOM, age 48, has been the primary researcher and developer
of the technologies  described herein. Mr. Bloom received his BS in Distributive
Sciences in 1973 and his BA in  Environmental  Sciences  from the  University of
Minnesota in 1983. From 1975 to 1988 he owned and operated Dick's Sports Center,
a successful marine business. From 1989 to 1993 he was the Environmental Section
Manager for Watershed Protection for south central Minnesota. In addition, since
1989 he has been developing the technologies described herein.


<PAGE>


(1) Mr. Bloom resigned effective March 5, 2001 as an officer and Director.

     DR. ALAN D. PROPP,  age 39, received his BS in Mechanical  Engineering from
the University of Iowa in 1985, an MS in Mechanical Engineering,  with an Energy
Management emphasis from Texas A&M University in 1986, and a Ph.D. in Mechanical
Engineering with a fluid/thermal  emphasis in 1991. He also obtained his license
as a  Registered  Professional  Engineer in 1994.  Dr. Propp served as a project
engineer with the  Superconducting  Super Collider from 1991 to 1994. Since 1994
Dr. Propp has performed consulting  engineering and has also been a principal of
two Texas  Corporations,  serving as President of Spectrum  Seasonings  Inc. and
Vice President of Wireless Resources International, Inc.

     J.  SCOTT  BROSIER,  age  46,  received  his BS in  Accounting  from  Texas
Christian University in 1977. After spending two years as an associate at Arthur
Young  & Co.  in  Fort  Worth,  Texas  Mr.  Brosier  obtained  Certified  Public
Accounting  license.  In 1981 he  began  private  practice  as a CPA and in 1990
formed J. Scott Brosier PC, of which he has been owner and president  since. His
specialty is in oil/gas and agricultural  taxation and he has also been involved
in the oil and gas exploration and production business.

     DR.  HOUSTON G. WOOD, age 56,  received his BA and MS in  mathematics  from
Mississippi State University in 1965 and 1967, respectively. Dr. Wood worked the
next six years at the Oak Ridge  Gaseous  Diffusion  Plant (ORGDP) in Oak Ridge,
Tennessee,  where he was a development  engineer  working on gas centrifuges for
isotope  separation.  He then moved to the University of Virginia where he was a
Research  Engineer for the Gas  Centrifuge  Project and a graduate  student from
1973-1977.  He received his Ph.D. in Applied  Mathematics  in 1978 and served as
Manager of the Centrifuge Physics Department at ORGDP until 1981. Since then, he
has been a member of the faculty of the  Department of Mechanical  and Aerospace
Engineering at the University of Virginia. Dr. Wood has continued to be actively
involved in gas centrifuge research and is an international leader in the field.
Dr. Wood is a  recognized  expert in  modeling  the  internal  flows in rotating
machinery  and has  extensive  experience  in design and  manufacturing  of such
equipment.

         CHRIS MICKLATCHER,  age 43, received his B.B.A.  degree from University
of Michigan,  Ann Arbor,  Michigan in 1980, and his Juris Doctorate  degree from
Wayne State University Law School in Detroit,  Michigan 1n 1984. Mr. Micklatcher
is  licensed  to practice as an attorney  and  certified  public  accountant  in
multiple  jurisdictions.  He worked for the  regional  office of Ernst & Whinney
(now Ernst & Young) in Boston, Massachusetts until 1988, when he then accepted a
position with Blue Cross & Blue Shield.  In 1992, Mr.  Micklatcher  began a tax,
legal and accounting firm under the name of Alternative Tax Solutions,  which he
continues to operate to this day. He has sat on various  boards and held officer
positions, held both elected and appointed positions in government.

         ANTHONY R. GRINDL,  age 59,  received his BS degree in Geology from San
Diego State in 1965 and an MS degree in  International  Business from University
of Dallas in 1975.  Prior to attending these  Universities  Tony was an Advanced
Instructor Pilot for 6 years with the United States Air Force stationed in Texas
and Oklahoma.  He has owned several  corporations  and for a period from 1975 to
1985 was responsible for recruiting  senior research  scientist for major energy
companies.  He has also been involved in importing and developing  private label
programs for


<PAGE>



upscale  retailers  and  imported  products.  Tony  also  holds  a  patent  on a
Multi-stage Zonal Air Purification System.

         ROB  SCHLEIDER,  age  50,  after  high  school,  Mr.  Schleider  played
profession  baseball  for 3 1/2  years  in  Montreal  Expo  organization  when a
shoulder  ended his career in baseball.  In 1974, Mr.  Schleider  graduated from
Texas A&M University with a BBA. From 1974 to 1989, Mr.  Schleider was the owner
and operated  fifteen  restaurants.  Mr. Schleider is has served or is currently
serving  on various  Boards,  including  the  Republic  Bank A&M Board,  College
Station I.S.D. School Board, and the Brazos Valley Rehabilitation Center Board.

                  No appointee  for a director  position has been subject of any
civil regulatory proceeding or any criminal proceeding in the past five years.

                  The term of office of each director and executive officer ends
at, or  immediately  after,  the next  annual  meeting  of  shareholders  of the
Company. Except as otherwise indicated, no organization by which any director or
officer has been  previously  employed is an affiliate,  parent or subsidiary of
the Company.

                  Section  16(a) of the  Securities  Exchange  Act of  1934,  as
amended (the "Exchange Act"), requires the Company's officers and directors, and
persons  who own more than 10% of a  registered  class of the  Company's  equity
securities,  to file  reports of  ownership  and changes in  ownership of equity
securities  of the Company  with the  Securities  and  Exchange  Commission  and
NASDAQ.  Officers,  directors and  greater-than 10% shareholders are required by
the  Securities and Exchange  Commission  regulation to furnish the Company with
copies of all Section 16(a) filings.

     1. The following people did not file reports under Section 16(a) during the
most recent fiscal year:

                  a.  Janis R. Monroe           CEO and Director
                  b.  James B. LaPorte          Director
                  c.  Michael R. Bloom          Sr. Vice President & Director
                  d.  Dr. Alan Propp            Vice President & Director
                  e.  J. Scott Brosier          CFO and Director
                  f.  Dr. Houston G. Wood       Director
                  g.  Chris Micklatcher         Director
                  h.  Anthony R. Grindl         Director
                  i.  Rob Schleider             Director


Item 10.   Executive Compensation
           ----------------------

         The  Company  accrued a total of $0 in  compensation  to the  executive
officers  as a group for  services  rendered  to the  Company in all  capacities
during the  fiscal  year ended  December  31,  2000.  No one  executive  officer
received,  or has  accrued for his  benefit,  in excess of $60,000 for the year.
After  October 31, 2001,  only the  inventor,  Michael Bloom was entitled to any
compensation.  All other officers' compensation was terminated.  No cash bonuses
were or are to be paid to such persons.



<PAGE>
<TABLE>
<CAPTION>




                                    SUMMARY COMPENSATION TABLE OF EXECUTIVES
                                    ----------------------------------------
                                          Year Ended December 31, 2000

                                    Annual Compensation                                 Awards


Name and                                                                                                        Securities
Principal                          Salary ($)     Bonus        Other Annual             Restricted Stock        Underlying
Position                 Year                     ($)          Compensation ($)         Award(s)($)             Options/SARs(#)
-----------------------  --------- -------------- -----------  ------------------------ ----------------------- --------------------
<S>                      <C>       <C>            <C>          <C>                      <C>                     <C>

Janis R.                 2000      0              0            0                        0                       0
Monroe, CEO
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1999      0              0            0                        0                       0
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1998      0              0            0                        0                       0
=======================  ========= ============== ===========  ======================== ======================= ====================
James B.                 2000      $59,000        0            0                        0                       0
LaPorte,
President (1)
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1999      $100,000       0            0                        0                       0

                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1998      0              0            0                        0                       0
=======================  ========= ============== ===========  ======================== ======================= ====================
                                   0              0            0                        0                       0
Dr. Alan Propp,          2000
Vice President
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1999      0              0            0                        0                       0
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1998      0              0            0                        0                       0
=======================  ========= ============== ===========  ======================== ======================= ====================
J. Scott Brosier,        2000      $38,000*       0            0                        0                       0
CFO
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1999      $50,000*       0            0                        0                       0
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1998      0              0            0                        0                       0

=======================  ========= ============== ===========  ======================== ======================= ====================
Michael R.               2000      0              0            0                        0                       0
Bloom, Vice
President
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1999      100,000**      0            0                        0                       0
                         --------- -------------- -----------  ------------------------ ----------------------- --------------------
                         1998      0              0            0                        0                       0
=======================  ========= ============== ===========  ======================== ======================= ====================

</TABLE>


(1) Resigned March 2000 as President

* Accrued  compensation  is currently not being paid to any executive.  However,
contracts between  executives and the Company state income may be taken when the
Company is properly capitalized. Under the employment contracts, executives also
have the  option  to take  accrued  income  in the form of  common  stock in the
Company.


<PAGE>



** Convertible to 600,000 shares of common stock.

         The Company has no employee incentive stock option plan.

         There are no plans pursuant to which cash or non-cash  compensation was
paid or  distributed  during the last fiscal year,  or is proposed to be paid or
distributed in the future,  to the executive  officers of the Company.  No other
compensation not described above was paid or distributed  during the last fiscal
year to the executive  officers of the Company.  There are no compensatory plans
or  arrangements,  with respect to any  executive  office of the Company,  which
result or will result from the resignation,  retirement or any other termination
of such individual's  employment with the Company or from a change in control of
the Company or a change in the individual's  responsibilities following a change
in control.

         Option/SAR Grants Table (None)

     Aggregated  Option/SAR  Exercises in Last Fiscal Year and FY-End Option/SAR
value (None)

         Long Term Incentive Plans - Awards in Last Fiscal Year (None)





<PAGE>
<TABLE>
<CAPTION>


                   DIRECTOR COMPENSATION FOR LAST FISCAL YEAR

(Except for  compensation of Officers who are also Directors which  Compensation
is listed in Summary  Compensation Table of Executives).  Directors are entitled
to 10,000 shares of stock in May of 2001.

                                                                       Cash Compensation
                                                                                       Security Grants

Name                             Annual             Meeting          Consulting              Number         Number of Securities
                                 Retainer           Fees ($)         Fees/Other              of             Underlying
                                 Fees ($)                            Fees ($)                Shares         Options/SARs(#)
                                                                                             (#)
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
<S>                              <C>                <C>              <C>                     <C>            <C>

A. Director                      0                  0                0                       0              0
Janis R. Monroe (1)
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
B. Director                      0                  0                0                       0              0
James B. LaPorte
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
C.  Director                     0                  0                0                       0              0
Michael R. Bloom
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
D.  Director                     0                  0                0                       0              0
Dr. Alan Propp
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
E.  Director                     0                  0                0                       0              0
J. Scott Brosier
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
F.  Director                     0                  0                0                       0              0
Dr. Houston G. Wood
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
G.  Director                     0                  0                0                       0              0
Chris Micklatcher
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
H.  Director                     0                  0                0                       0              0
Anthony R. Grindl
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------
I.  Director                     0                  0                0                       0              0
Rob Schleider
-------------------------------- ------------------ ---------------- ----------------------  -------------- ------------------------

</TABLE>

 (1)   See Compensation of Executives

Item 11. Security Ownership of Certain Beneficial Owners Management
         ----------------------------------------------------------

         The following  table sets forth  information,  as of December 31, 2000,
with respect to the  beneficial  ownership of the  Company's no par value common
stock by each  person  known by the Company to be the  beneficial  owner of more
than five percent of the outstanding  common stock. Also included are the shares
held by all executive officers and Directors.



<PAGE>

<TABLE>
<CAPTION>



                                                      Number of                 Percentage of
                  Name                              Shares Owned                     Class
-------------------------------------------  --------------------------- -----------------------------
<S>                                                            <C>                              <C>
Janis R. Monroe                                                1,000,000                          6.2%
2313 Sierra Heights
Las Vegas, NV 89134
-------------------------------------------  --------------------------- -----------------------------

James B. LaPorte (& Laura A.)                                    502,218                          3.1%
284 Enclaves Court
Coppell, TX 75019
-------------------------------------------  --------------------------- -----------------------------

Dr. Alan Propp                                                    80,000                           .5%
5341 Ellsworth Avenue
Dallas, TX 75206
-------------------------------------------  --------------------------- -----------------------------
J. Scott Brosier                                                       0                             0
620 S. Taylor
Amarillo, TX 79101
-------------------------------------------  --------------------------- -----------------------------
Dr. Houston G. Wood                                               25,000                           .2%
Thornton Hall
University VA
Charlottesville, VA 22903
-------------------------------------------  --------------------------- -----------------------------
Chris Micklatcher                                                107,200                           .7%
P.O. Box 535
Limerick, ME 04048
-------------------------------------------  --------------------------- -----------------------------
Anthony R. Grindl                                                 15,000                           .1%
6808 Cornelia Lane
Dallas, TX 75214
-------------------------------------------  --------------------------- -----------------------------
Rob Schleider                                                    328,000                          2.0%
8620 Rosewood Drive
College Station, TX 77845
-------------------------------------------  --------------------------- -----------------------------
Lawrence K. & Debora J. Sather                                   768,750                          4.7%
4516 Hitching Post Lane
Plano, TX 75024
-------------------------------------------  --------------------------- -----------------------------
Kaden Gordon Group I                                             800,000                          5.5%
c/o  NRL
620 South Taylor
Amarillo, TX 79101
-------------------------------------------  --------------------------- -----------------------------
Larson Family Investors, LLC                                   1,250,000                          7.7%
-------------------------------------------  --------------------------- -----------------------------


<PAGE>




-------------------------------------------  --------------------------- -----------------------------
Natural Resources Limited Co.                                  1,200,000                          7.4%
c/o  NRL
620 South Taylor
Amarillo, TX 79101
-------------------------------------------  --------------------------- -----------------------------

Officers and Directors as a group                              2,057,418                         12.7%
-------------------------------------------  --------------------------- -----------------------------

</TABLE>


                                     PART IV

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

            For information  concerning  restrictions  that are imposed upon the
securities  held  by  current  stockholders,  and the  responsibilities  of such
stockholders  to comply with federal  securities laws in the disposition of such
Common Stock, see "Risk Factors - Rule 144 Sales."

            No officer, director, or affiliate of the Company has or proposes to
have any  direct or  indirect  material  interest  in any asset  proposed  to be
acquired  by the Company  through  security  holdings,  contracts,  options,  or
otherwise.

            The  Company  has adopted a policy  under  which any  consulting  or
finder's  fee that  may be paid to a third  party or  affiliate  for  consulting
services to assist management in evaluating a prospective  business  opportunity
would be paid in stock or in cash.  Any such  issuance of stock would be made on
an ad hoc basis.  Accordingly,  the  Company is unable to predict  whether or in
what amount such a stock issuance might be made.

            Although there is no current plan in existence,  it is possible that
the Company will adopt a plan to pay or accrue  compensation to its officers and
directors for services related to seeking business  opportunities and completing
a merger or acquisition transaction.

            Although  management has no current plans to cause the Company to do
so,  it is  possible  that the  Company  may  enter  into an  agreement  with an
acquisition candidate requiring the sale of all or a portion of the Common Stock
held by the  Company's  current  stockholders  to the  acquisition  candidate or
principals thereof,  or to other individuals or business entities,  or requiring
some other form of payment to the Company's current  stockholders,  or requiring
the future employment of specified  officers and payment of salaries to them. It
is more likely than not that any sale of  securities  by the  Company's  current
stockholders  to an  acquisition  candidate  would  be at a price  substantially
higher than that  originally paid by such  stockholders.  Any payment to current
stockholders  in the context of an  acquisition  involving  the Company would be
determined  entirely by the largely  unforeseeable  terms of a future  agreement
with an unidentified business entity.

Transactions with Management and Others
---------------------------------------

         There  were no  transactions  or  series  of  transactions  during  the
Registrant's  last fiscal  year or the current  fiscal  year,  or any  currently
proposed  transactions  or series of transactions of the remainder of the fiscal
year, in which the amount involved exceeds $60,000 and in which to the knowledge
of the Registrant,  any director,  executive officer,  nominee, future director,
five percent shareholder, or any member of the immediate family of the foregoing
persons, have or will have a


<PAGE>



direct or indirect  material  interest,  except  that Janis R.  Monroe  purchase
1,000,000 shares of common stock at $.10 per share.

Item 13.   Exhibits and Reports on Form 8-K
           --------------------------------
           The following documents are filed as part of this report:

                 1.       Reports on Form 8-K:  None

                 2.       Exhibits:



                                      INDEX
Regulation
S-K Number               Exhibit                    Page Number
----------  -------------------------------         -----------
3.1               Articles of Incorporation         *Incorporated by reference
                                                    to Registration Statement
                                                    #000-26317

3.2               Bylaws                            *Incorporated by reference
                                                    to Registration Statement
                                                    #000-26317


                              INDEX TO EXHIBITS SK#

3.1   Articles of Incorporation of Triad Compressor, Inc. a Texas corporation*
3.2   Articles of Incorporation of Saker One Corporation, a Nevada corporation*
3.3   Articles of Amendment of Triad Compressor, Inc. Changing name to Triad
      Innovations, Inc. 3.4 Articles of Amendment of Triad Compressor, Inc.
      Changing share amount*
3.5   Articles of Incorporation of Gas Centrifuge Invention, Inc.*
3.6   Articles of Amendment of Gas Centrifuge Invention, Inc. Changing name to
      Fuge Systems, Inc.*
3.7   Certificate of Amendment of Fuge Systems, Inc.*
3.8   Articles of Amendment of Saker One Corporation*
3.9   Articles of Merger of Saker One Corporation, a Utah corporation and Saker
      One Corporation, a Nevada corporation*
3.10  Bylaws of Saker One Corporation, a Nevada corporation*
3.11  Bylaws of Triad Innovations, Inc., a Nevada corporation*
3.12  Bylaws of Fuge Systems, Inc.*
10.1  Stock Exchange Agreement 10.2 Agreement of Reorganization*
10.3  United States Patent*
10.4  Assignment - Michael R. Bloom*
10.5  Shareholder Consent Agreement*
10.6  Plan of Merger*
10.7  Triad Innovations, Inc./Stancil & Co. Agreement*
10.8  Triad Compressor, Inc./Houston Wood Agreement*
10.9  Employment Agreements with James B. LaPorte, Michael Bloom, and Scott
      Brosier*
10.10 Compensation Agreement for Alan Propp*
10.11 Contribution Agreements with James B. LaPorte, Kaden Gordon Group, Michael
      R. Bloom, and Natural Resources Limited*
10.12 Conditional Stock Option Agreements with Janis R. Monroe and Rosemary
      Albrecht*

*     Incorporated by reference to Registration Statement #000-26317


<PAGE>



                                   SIGNATURES

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

                                            TRIAD INNOVATIONS, INC.
                                            (Registrant)

Date: April 13, 2001
                                             /s/ Janis R. Monroe
                                            ---------------------------------
                                            Janis R. Monroe, President & CEO


                                            DIRECTORS:

                                            /s/ Janis R. Monroe
                                            --------------------------------
                                            Janis R. Monroe


                                                        *
                                            ------------------------------------
                                            James B. LaPorte

                                                        *
                                            --------------------------------
                                            Dr. Alan Propp

                                                        *
                                            --------------------------------
                                            J. Scott Brosier

                                                        *
                                            --------------------------------
                                            Dr. Houston G. Wood

                                                        *
                                            --------------------------------
                                            Chris Micklatcher

                                                        *
                                            --------------------------------
                                            Anthony R. Grindl

                                                        *
                                            --------------------------------
                                            Rob Schleider


                                           *By: /s/ Janis R. Monroe
                                               ----------------------------
                                            Janis R. Monroe, Attorney-in-Fact

<PAGE>

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS,  that each person whose  signature  appears
below  constitutes and appoints Janis Monroe (will full power to each of them to
act alone), her true and lawful  attorney-in-fact  and agent, with full power of
substitution and  resubstitution,  for him and in his name, place, and stead, in
any and all capacities,  to sign any or all amendments (including post-effective
amendments)  to this  Annual  Report,  and to file the same,  with all  exhibits
thereto and other  documents in connection  therewith,  with the  Securities and
Exchange Commission,  granting unto said  attorneys-in-fact and agents, and each
of them, full power and authority to do and perform each and every act and thing
required  and  necessary to be done in and about the  premises,  as fully to all
intents and purposes as she might or could do in person,  hereby  ratifying  and
confirming all that said  attorneys-in-fact and agents, or any of them, or their
substitutes, may lawfully do or cause to be done by virtue hereof.

     In accordance with the requirements of the Securities Exchange Act of 1934,
this annual report was signed by the following  persons in the capacities and on
the dates stated.

Signature                       Title                           Date
---------                       -----                           ----

                                Chairman of the Board,          4/13/01
                                President and Director
/s/ Janis R. Monroe             (Principal Executive Officer)
---------------------------

                                Vice President, Chief Financial
                                Officer, Secretary and Director
                                (Principal Officer and Principal
---------------------------     Accounting Officer)


                                Vice President, Chief Operating
---------------------------     Officer and Director



---------------------------     Director




---------------------------     Director



---------------------------     Director




<PAGE>


                             TRIAD INNOVATIONS, INC.
                          (A Development Stage Company)

                        Consolidated Financial Statements

                           December 31, 2000 and 1999





<PAGE>



                          INDEPENDENT AUDITORS' REPORT


To the Shareholders and Board
of Directors of Triad Innovations, Inc. and subsidiaries


We  have  audited  the  accompanying   consolidated   balance  sheets  of  Triad
Innovations,  Inc. (a  development  stage  company) (a Nevada  corporation)  and
subsidiaries  as of  December  31,  2000 and 1999 and the  related  consolidated
statements of  operations,  stockholders'  equity,  and cash flows for the years
ended December 31, 2000 and 1999 and for the period October 4, 1995  (Inception)
to  December  31,  2000.  These  consolidated   financial   statements  are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these consolidated financial statements based on our audit.

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

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material  respects,  the financial position of Triad Innovations,
Inc. and  subsidiaries  as of December  31, 2000 and 1999 and the results of its
operations and its cash flows for the years ended December 31, 2000 and 1999 and
for the period  October 4, 1995  (Inception)  to December 31, 2000 then ended in
conformity with generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 9 to the
financial statements,  the Company has little operating capital and has had only
startup  operations.  These factors raise substantial doubt about its ability to
continue as a going concern.  Management's  plans in regard to these matters are
also  described  in the Note 9. The  financial  statements  do not  include  any
adjustments that might result from the outcome of this uncertainty.


/s/ Crouch, Bierwolf & Associates
Crouch, Bierwolf & Associates
Salt Lake City, Utah
March 27, 2001



<PAGE>
<TABLE>
<CAPTION>



                                     Triad Innovations, Inc.
                                  (A Development Stage Company)
                                   Consolidated Balance Sheets

                                     ASSETS

                                                                         December 31,
                                                                         2000                  1999
                                                                         -------------         ------------
<S>                                                                <C>                 <C>

Current Assets
     Cash (Note 8)                                                 $         6,527     $             389
                                                                             ------                  ---
     Total                                                                   6,527                   389

Property, Plant & Equipment (Net)(Note 2)                                    2,823                 1,370

Other Assets
     Patents (Note 5)                                                       28,720                28,720
                                                                            -------               ------
                                                                   $        38,070     $          30,479
                                                                            =======               ======

                                       LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts payable                                              $        68,299     $          63,695
     Short term debt (Note 12)                                             514,004               364,103
                                                                           --------              -------
     Total                                                                 582,303               427,798

Commitments and Contingencies (Note 7)

Stockholders' Equity
     Common stock, 25,000,000 authorized
        $.001 par value, 16,234,958 and 14,536,303
        shares outstanding, respectively                                    16,235                14,536
     Additional paid in capital                                          7,693,460             7,438,859
     Retained deficit accumulated during
        development stage                                               (8,253,928)           (7,850,714)
                                                                        -----------           ----------
                                                                          (544,233)             (397,319)
                                                                          ---------             --------
                                                                   $        38,070     $          30,479
                                                                            =======               ======

</TABLE>


          See Accountant's Report and Notes to the Financial Statements


<PAGE>
<TABLE>
<CAPTION>



                                              Triad Innovations, Inc.
                                           (A Development Stage Company)
                                       Consolidated Statements of Operations

                                                                                             From
                                                                                             Inception on
                                                                         For the Year        (October 4,
                                                                          Ended              1995) to
                                                                          December 31,        December 31,
                                                         2000              1999              2000
                                                         ----------        ----------        --------
<S>                                                  <C>                <C>              <C>

Revenue                                              $         -        $        -       $       -

Expenses
     General, selling & administrative                      337,100           552,571
                                                                                              870,642
     Research & development (Note 6)                         65,000               -           263,407
     Depreciation (Note 2)                                    1,114               933           6,184
     Oil & Gas leases                                           -               1,500           4,060
                                                              -----             -----           -----

     Total Expenses                                         403,214           555,004       1,114,293
                                                            -------           -------       ---------

Net (loss) from operations                                 (403,214)         (555,004)     (1,114,293)
                                                            --------          --------      ----------


Income Tax (Note 4)                                            -                  -               -

Net Loss                                             $     (403,214)   $     (555,004)    $(1,114,293)
                                                           =========         =========     ===========

Net Loss Per Common Share (Note 11)                                           $ (0.03)        $ (0.04)
                                                                              ========          ======

Average Shares Outstanding (Note 11)                                       15,406,993      14,365,062
                                                                           ==========      ==========

</TABLE>


          See Accountant's Report and Notes to the Financial Statements


<PAGE>
<TABLE>
<CAPTION>



                                              Triad Innovations, Inc.
                                           (A Development Stage Company)
                                  Consolidated Statements of Stockholders' Equity

                                                                                     Additional      Retained
                                                               Common Stock          Paid in       Deficit
                                                  Shares            Par              Capital        Accumulated
                                                  ---------         ---------        ----------     -----------
<S>                                             <C>            <C>                <C>              <C>

Balance, October 4, 1995                               -       $         -        $        -       $       -

Net Loss for the year 1996                             -                 -                 -             (3,494)

Net Loss for the year 1997                             -                 -                 -            (34,590)

Net Loss for the year 1998                             -                 -                 -           (180,995)

Debt relief on part of parent
 corporation before spinoff                            -                 -              174,131           -

Issuance of shares of new parent
 corporation for acquisition of
 Fuge Systems, Inc. and Triad
 Compressor, Inc. (Note 1)                       14,125,320            14,125         7,057,515      (7,076,631)
                                                 ----------            ------         ---------      ----------

Balance, December 31, 1998                       14,125,320            14,125         7,231,646      (7,295,710)

Shares issued for option conversion,
 June 2000 at $.50 per share                        213,200               213           106,387           -

Shares issued for cash, June 1999
    at $.50 per share                               138,736               139            69,229           -

Shares issued for oil and gas property
   acquisition at $.50 per share                     35,000                35            17,465           -

Shares issued for services, June 1999
    at $.50 per share                                25,000                25            12,475           -

Adjustments due to reverse stock split                 (950)               (1)              -             -

Expenses paid by shareholder                           -                 -                1,657           -

Net Loss, December 31, 1999                            -                 -                 -           (555,004)
                                                       ----              ----              ----        --------

Balance, December 31, 1999                       14,536,306            14,536         7,438,859      (7,850,714)


</TABLE>


          See Accountant's Report and Notes to the Financial Statements


<PAGE>
<TABLE>
<CAPTION>




                                              Triad Innovations, Inc.
                                           (A Development Stage Company)
                                  Consolidated Statements of Stockholders' Equity

                                                                                     Additional      Retained
                                                                    Common Stock     Paid in         Deficit
                                                  Shares            Par              Capital         Accumulated
                                                  ---------         ---------        ----------     ------------
<S>                                              <C>           <C>                  <C>              <C>
Balance, December 31, 1999                       14,536,306            14,536         7,438,859       (7,850,714)

Shares issued for relief of
    indebtedness at $.001 per share                   6,000                 6             2,994             -

Shares issued for services
    at $.33 per share                               300,000               300            99,700             -

Shares issued for cash
    at $.10 per share                             1,000,000             1,000            99,000             -

Shares issued for cash
    at $.10 per share                               250,000               250            24,750             -

Shares issued for relief of
    indebtedness at $.27 per share                   32,500                33             8,767             -

Shares issued for relief of
    indebtedness at $.50 per share                   20,000                20             9,980             -

Shares issued for services
    at $.38 per share                                25,000                25             9,475             -

Adjustments due to reverse
    stock split                                      65,152                65               (65)            -

Net Loss, December 31, 2000                            -                 -                 -            (403,214)
                                                       ----              ----              ----         --------

Balance, December 31, 2000                       16,234,958    $       16,235       $ 7,693,460      $(8,253,928)
                                                 ==========            ======       ===========      ===========

</TABLE>


          See Accountant's Report and Notes to the Financial Statements


<PAGE>
<TABLE>
<CAPTION>



                                              Triad Innovations, Inc.
                                           (A Development Stage Company)
                                       Consolidated Statements of Cash Flows

                                                                                                        From
                                                                                                     Inception on
                                                                                     For the Year     (October 4,
                                                                                     Ended              1995) to
                                                                                     December 31,      December 31,
                                                                   2000                1999              2000
                                                                   ----------          --------        --------
<S>                                                            <C>                <C>              <C>

Cash Flow Provided (Used) by
   Operations
     Net (Loss)                                                $     (403,214)    $    (555,004)   $   (774,083)
     Depreciation                                                       1,114               933           5,070
     Decrease/Increase in:
       Accounts payable                                               176,304           281,583         393,991
        Expenses paid by others                                         -                 1,657         122,810
        Expenses paid by stock                                        109,500            30,000          30,000
                                                                      -------            ------          ------
                                                                     (116,296)         (240,831)       (222,212)
Cash Flow Provided (Used) by
   Investing Activities
     Cash paid for patents                                              -                (5,378)        (28,720)
     Cash paid for equipment                                           (2,565)            -              -

Cash Flow Provided (Used) by
   Financing Activities
     Related party loans                                                -                70,453          75,353
     Stock sales                                                      125,000           175,968         175,968
                                                                      -------           -------         -------
                                                                      125,000           246,421         251,321

Overall Increase (Decrease) in cash                                     6,139               212             389

Beginning Cash Balance                                                    389               177            -
                                                                          ---               ---            ----

Ending Cash Balance                                            $        6,528     $         389    $        389
                                                                        =====               ===             ===

Supplementary Cash Flow Information:
     Cash Paid For:
          Interest                                             $        -         $        -       $       -
          Taxes                                                $        -         $       1,657    $      1,657

Stock Issued For:
     Acquisition of Oil & Gas Properties                                          $        -       $     17,500
                                                                                                   $     17,500
     Services rendered                                         $      109,500     $      12,500    $    122,000
     Conversion of debt                                        $       21,800     $     106,600    $    128,400

</TABLE>

          See Accountant's Report and Notes to the Financial Statements


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

NOTE 1 - Background and History

                  Triad     Innovations,     Inc.     (formerly     Saker    One
         Corporation)(Triad)  was created on  December  23, 1981 in the State of
         Utah. Over the years, Triad has engaged in various enterprises, none of
         which  have  been  successful.  In  1999,  Triad  acquired  all  of the
         outstanding stock of Triad Compressor, Inc. a Texas corporation,  which
         owned  100% of the  outstanding  stock of Fuge  Systems,  Inc,  a Texas
         corporation.  In 1999,  Triad created,  and later merged with, a Nevada
         subsidiary.

                  Triad  Compressor  (Compressor)  was organized on February 20,
         1996 as a wholly owned subsidiary of Intelligent  Design Systems,  Inc.
         (IDS). Compressor became a separately owned company when IDS declared a
         dividend and distributed  Compressor stock to IDS  stockholders.  Triad
         then  acquired all the  outstanding  stock from IDS  stockholders  at a
         special stockholders meeting on December 21, 1999.

                  Fuge Systems, Inc. was  created on October 4, 1995 as a wholly
         owned subsidiary of IDS, which was then spun off as a wholly owned sub-
         sidiary of Compressor in November 1998.

                  Together, all three corporations,  Triad, Compressor and Fuge,
         constitute a consolidated  group of corporations  known as the Company.
         All  intercompany   accounts  and  financial   transactions  have  been
         eliminated.

                  The primary  asset of  Compressor  is a compressor  that is an
         engine  device that is  intended to be operated  using a mix of gaseous
         fuel such as natural gas that can be used in the gas industry and other
         applications.  In 1999,  the  Company  abandoned  all  research  on the
         compressor  and all costs of acquiring a patent on the process has been
         written off.

                  The primary  asset of Fuge is a gas  centrifuge  for  multiple
         applications in the oil and gas industry.

                  The  centrifuge  are  still in the  development  stage and all
         expenses  related to the  research  and  development  are  expensed  as
         incurred.  The centrifuge has not reached the commercially viable state
         and while all  activities  are  directed  to that end,  the  Company is
         considered to be a development stage company and all financial activity
         of that stage is reported since inception as defined by SFAS #7

NOTE 2 - Property, Plant and Equipment

                  In 1996, the parent company of Triad Compressor contributed
         various office and computer equipment for its


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

         operations ($8,269 in original cost).  In 2000, the Company purchased
         additional office equipment valued at $2,565.


NOTE 2 - Property, Plant and Equipment (continued)

                  The Company capitalizes all purchases with an estimated useful
         life beyond the year of purchase and capitalizes any expenditures which
         extends the life of existing  equipment.  Office and Computer Equipment
         is being  depreciated  over five  years at a double  declining  balance
         method. Office and computer equipment consists of the following:

                                                    December 31,
                                                      2000              1999
                                                    ----------       ----------
              Office and Computer Equipment        $   10,834      $    8,269
              Less: Accumulated Depreciation           (8,011)         (6,899)
                                                       ------           ------
                                                   $    2,823      $    1,370
                                                        =====           =====

                  Depreciation  expense  for 1999 and 2000 was $933 and  $1,114,
         respectively.

NOTE 3 - Use of Estimates in Financial Statements

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

NOTE 4 - Income Taxes

                  The Company adopted Statement of Financial Standards No. 109
         "Accounting for Income taxes" in the fiscal year ended December 31,
         1999 which was applied retroactively.

                  Statement  of  Financial   Accounting   Standards  No.  109  "
         Accounting for Income Taxes"  requires an asset and liability  approach
         for financial  accounting  and reporting for income tax purposes.  This
         statement  recognizes (a) the amount of taxes payable or refundable for
         the current year and (b) deferred tax liabilities and assets for future
         tax  consequences  of events that have been recognized in the financial
         statements or tax returns.


<PAGE>

                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


                  Deferred income taxes result from temporary differences in the
         recognition of accounting  transactions for tax and financial reporting
         purposes.  There were no temporary differences at December 31, 2000 and
         earlier years; accordingly, no deferred tax liabilities have been
         recognized for all years.

                  The Company has cumulative net operating loss carryforwards of
         over  $8,200,000  at December 31, 2000. No effect has been shown in the
         financial  statements for the net operating loss  carryforwards  as the
         likelihood  of  future  tax  benefit  from  such  net  operating   loss
         carryforwards  is highly  improbable.  Accordingly,  the  potential tax
         benefits of the net operating loss carryforwards,  estimated based upon
         current  tax rates at  December  31,  1999 and 2000 have been offset by
         valuation reserves of the same amount.

NOTE 5 - Patent

                  In 1996, 1997 and 1998, the former parent corporation of Triad
         Compressor  expended  funds for the patent  research,  legal and filing
         fees for the compressor and centrifuge  being developed by the Company.
         Once the  patents  are  issued,  the costs will be  amortized  over the
         estimated  useful  and  commercial  life  of the  products.  All  costs
         incurred for the patent were contributed to the respective subsidiaries
         before  the  spinoff  to  the  shareholders  of  Triad  Compressor  and
         subsequent  acquisition  by the new parent  corporation.  In 1999,  the
         Company  abandoned  the  compressor  development  and all patent  costs
         attributed  to the  compressor  were written  off. U. S. Patent  Number
         5,902,224 relating to the centrifuge was issued on May 11, 1999.

NOTE 6 - Research and Development Costs

                  In 1996, 1997 and 1998, the former parent corporation of Triad
         Compressor expended funds for the research and development costs of the
         compressor and centrifuge being developed by the Company.  Research and
         development costs incurred were $3,494,  $32,014 and $162,899 for 1996,
         1997 and 1998.  During 2000, the Company  expensed  $65,000 in research
         and development  costs,  compared to $0 in 1999. All costs incurred for
         the research and development  costs were  contributed to the respective
         subsidiaries before the spinoff to the shareholders of Triad Compressor
         and subsequent acquisition by the new parent.

<PAGE>

                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999


NOTE 7 - Commitments and Contingencies

                  Early in 2001, Mike Bloom, resigned as officer and director of
         the Company and has asserted that his development of technology for the
         Company has been  hindered  by the lack of  financial  support.  He has
         advised the Company  that he is the process of  recruiting  and funding
         the necessary development  personnel to complete a product,  which will
         by housed in his own  development  company.  He  has suggested that the
         Company  focus its  efforts  toward  joint venture  opportunities,  and
         maintaining  the joint  venture  relationship  between  himself and the
         Company.  In that regard he has suggested that Triad will need to pay a
         fee that will  entitle the Company to fully use the  technology  in the
         ethanol and  specified  desalting  fields.  He has  indicated  that his
         company  will   continue,   protect,   and  control  the  research  and
         development process exclusively. He has also said that he had will take
         the steps necessary to advance the intellectual  property segment.  The
         Company has only recently received this  communication and is uncertain
         as to the financial or legal  implications of this  development.  There
         have been no adjustments  made to the financial  statements  concerning
         this matter.

NOTE 8 - Cash and Cash Equivalents

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

NOTE 9 - Going Concern

                  The  Company's   financial   statements   are  prepared  using
         generally accepted accounting  principles applicable to a going concern
         which  contemplates  the  realization  of  assets  and  liquidation  of
         liabilities  in the normal course of business.  Currently,  the Company
         does not have significant  cash or other material  assets,  nor does it
         have  an  established  source  of  revenues  sufficient  to  cover  its
         operating  costs and to allow it to  continue as a going  concern.  The
         Company is currently seeking equity funding through private  placements
         to raise sufficient  funds to continue  operations and fund its ongoing
         research and development activities.

NOTE 10 - Options

                  Stock Option  Plans - The Company has awarded  options for the
         purchase of common stock to the following individuals:

                  - 300,000  restricted  shares to a promotion company for $2.00
                  per share for services rendered in 2000.

                  - 60,800  restricted  shares  to two  board of  directors  for
                  advances  to the  Company in the amount of $30,400 at $.50 per
                  share.  The  options  are  exercisable  at anytime and have no
                  expiration date.
<PAGE>

                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

          A summary of stock option are as follows:

         Options:                                          2000
                                                          ------
                                                                      Weighted
                                                           Number     Average
                                                            Of        Exercise
                                                           Shares     Price
                                                        ----------    ----------

           Outstanding at beginning of year               196,000         $ 2.75
           Granted                                        300,000           2.00
           Exercised                                         -              -
           Canceled                                       135,200           3.76
                                                          -------           ----
           Outstanding at end of year                     360,800         $ 1.74
                                                          -------         ------
           Exercisable at end of year                     360,800         $ 1.74
                                                          =======         ======

                  As  permitted  by  SFAS  #123   "Accounting   for  Stock-Based
         Compensation,"  the Company has elected to account for the stock option
         plans  under  APB #25  "Accounting  for  Stock  Issued  to  Employees."
         Accordingly,  no compensation  cost has been recognized for these plans
         when options were issued at equal to or more than fair market value.



<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                           December 31, 2000 and 1999

NOTE 11 - Earnings Per Share / Average Outstanding Shares

         The  computation of earnings  (loss) per share of common stock is based
         on the weighted average number of shares outstanding at the date of the
         financial statements. Basic and diluted earnings per share calculations
         are the same since any  calculation  of additional  outstanding  shares
         from exercisable stock options (360,800) would be anti-dilutive.

NOTE 12 - Short Term Debt

         Short term debts  consists of accrued  wages and  advances  made to the
         Company from the former members of the board of directors.  The Company
         is currently  negotiating with the former board members to exchange the
         debt for stock. The debt is non-interest bearing and has no terms.




<PAGE>



We hereby  consent  to the use of our audit  report of Triad  Innovations,  Inc.
dated March 27, 2001 for the year ended December 31, 2000 in their Form 10-SB.



/s/ Crouch, Bierwolf & Chisholm
Crouch, Bierwolf & Chisholm

Salt Lake City, Utah
March 27, 2001