<PAGE>
                      SECURITIES  AND  EXCHANGE  COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-KSB
(Mark  One)
[X]         ANNUAL  REPORT  UNDER  SECTION  13  OR  15(d)
            OF THE SECURITIES EXCHANGE ACT OF 1934

                   For the fiscal year ended December 31, 2002
                                             -----------------
OR
[_]         TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR
            15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
               For  the  transition  period from _____________ to _____________

                       Commission file number:  000-29701


                            SYNDICATION NET.COM, INC
              (Exact name of small business issuer in its charter)

     Delaware                                            57-2218873
     --------                                            ----------
(State  or  other  jurisdiction  of                   (I.R.S.  Employer
incorporation  or  organization)                       Identification  No.)

                               The Hartke Building
                               7637 Leesburg Pike
                          Falls Church, Virginia 22043
                    -----------------------------------------
              (Address of principal executive offices)  (zip code)

                   Issuer's Telephone Number:   703/ 748-3480

Securities  registered  under  Section 12(g) of the Exchange Act:  Common Stock,
$.0001  par  value  per  share

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the last 12 months (or for such shorter
period  that the registrant was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.  Yes  X   No
                                                                         -
Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B 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.   $8,956,506.

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates (2,126,460) computed by reference to the price at which the
common equity was sold, or the average bid and asked price of such common
equity, as of a specified date within the past 60 days ($1.15 on April 8, 2003):
$ 2,445,429.

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date.

     Class                                 Outstanding  at  December  31,  2002
     -----                                 ------------------------------------

     Common  Stock,  par value $0.0001     10,795,750

Documents  incorporated  by  reference:    None

<PAGE>
                                     PART I

ITEM  1.  DESCRIPTION  OF  BUSINESS

BUSINESS

   SyndicationNet.com, Inc., a Delaware corporation, is a holding company formed
to acquire controlling interests in or to participate in the creation of, and to
provide  financial,  management  and  technical  support  to,  development stage
Internet  business  to  business  ("B2B"), e-commerce businesses and traditional
brick-and-mortar  businesses.  SyndicationNet has no restrictions or limitations
in  terms  of  the  type of industry that it intends to focus its activities on.
SyndicationNet  does  not  want  to  limit  the  scope  of  its potential target
businesses.  In  evaluating  whether  to  act  as a consultant with a particular
company  and  whether to invest in a specific company, SyndicationNet's board of
directors  intends  to  apply a general analysis which would include, but be not
limited  to,  (i) an evaluation of industry of a target company to determine the
competition  that  exists  in  that  particular  industry; (ii) an evaluation to
determine  if  the  target  company  has  the  products,  services and skills to
successfully  compete  in  its  industry;  (iii)  an  evaluation  of  the target
company's  management  skills  and (iv) an evaluation of SyndicationNet's equity
position  in  a  target  company,  if  any,  to  review the extent, if any, that
SyndicationNet will be able to exert influence over the direction and operations
of  the  development  stage  company.  As  a  condition  to  any  acquisition or
development  agreement,  SyndicationNet intends to require representation on the
company's board of directors to ensure its ability to provide active guidance to
the  company. The board of directors has the ultimate authority for any decision
with  regard to selecting which companies to consult with and in which companies
SyndicationNet  might  make  an  investment.

     SyndicationNet's  strategy  is  to  integrate  affiliated  companies into a
network  and  to  actively  develop  the  business  strategies,  operations  and
management  teams  of  the  affiliated  entities.  It  is  the  intent  of
SyndicationNet's  board  of  directors  to  develop  and  exploit  all  business
opportunities  to  increase  efficiencies  between  companies  with  which
SyndicationNet  may  invest  in  or  consult.  For example, if SyndicationNet is
consulting  with  a marketing company, SyndicationNet may utilize that marketing
company  to  provide  services  for  other  companies  with which SyndicationNet
consults  with  or  invests.  SyndicationNet may acquire companies to be held as
wholly  owned  subsidiaries  of  SyndicationNet.

<PAGE>

     SyndicationNet's board of directors believes that the financial evaluations
of  SyndicationNet would be enhanced as a result of having diversified companies
owned  by  SyndicationNet.  SyndicationNet  anticipates  that  its  role  as  a
consultant  to  development  stage  companies  may  provide  the opportunity for
SyndicationNet  to  invest  in  such  development  stage  companies,  however,
SyndicationNet's  services  as  a  consultant  will  not  be  conditioned  on
SyndicationNet  being  allowed  to  invest  in  a  company.

     SyndicationNet  intends  to  accomplish  its  consulting  and  investing
activities  by utilizing the combined and individual experience of the following
individuals:  Vance  Hartke  will help accomplish SyndicationNet's activities by
utilizing his experience in business law, politics, zoning, taxes, debt control,
international  trade,  energy,  commerce,  tourism,  communications,  and
import-export,  Mark Solomon will help accomplish SyndicationNet's activities by
utilizing his experience in business law and corporate compliance, Cynthia White
will  help accomplish SyndicationNet's activities by utilizing her experience in
accounting  and  fiscal  policy,  Mark  Griffith  will  help  accomplish
SyndicationNet's activities by utilizing his experience in SEC compliance, Wayne
Hartke  will  help  accomplish  SyndicationNet's  activities  by  utilizing  his
experience  in  business  law,  as  corporate  counsel, in Federal communication
licensing,  satellite  launch  contract  negotiations,  international  crude oil
purchases,  development  of  coal  properties,  acquisitions  and merger law and
Internet  domain  name  procurement,  and  Howard  Siegal  will  help accomplish
SyndicationNet's  activities  by  utilizing  his experience in business law, tax
law,  and  oil  law.

     SyndicationNet  does  not  intend  to  identify  potential  acquisition,
investment  and  consulting  activities  through the use of paid advertisements,
phone  solicitation  or  email  solicitation, but intends to become aware of and
identify potential acquisition, investment and consulting activities through the
business  contacts  and  networking of Vance Hartke, Wayne Hartke, Mark Solomon,
Brian  Sorrentino,  Cynthia  White,  Howard  Siegel  and  Mark  Griffith.

     SyndicationNet  has  entered  into  a  consulting  agreement  with  Source
Management  whose  principal,  Brian Sorrentino, is a significant shareholder of
SyndicationNet.  Source  Management  is  to  oversee  the  general activities of
SyndicationNet  and  Kemper  on  a  day  to  day  basis,  develop  and  execute
SyndicationNet's  and  Kemper's  business plan, assist with general contract and
business  negotiations,  project management, assist in the preparation of audits
and  registration  statements,  and to assist SyndicationNet with the listing of
its  securities  on the OTC Bulletin Board. In 1997, Mr. Sorrentino helped guide
Kemper  from  a  production-based  wood  supplier  to a broker-based supplier of
finished  wood  products.

     Although  funds  generated by operations and sales of equity have supported
certain  ongoing  expenditures  including  legal and accounting fees, additional
capital  will  be needed to affect transactions such as mergers or acquisitions,
if  any.  Such additional capital  may need to be raised through the issuance of
SyndicationNet's  debt  or  equity or a combination of both.  Without additional
capital,  SyndicationNet  may  not  be  able  to  continue  as  a going concern.
SyndicationNet  has  enough  cash  on hand, assuming continuation of its current
operations,  to operate for the next twelve months assuming it does not make any
acquisitions  or  investments  or  affect  any  transactions.

BUSINESS  OF  SYNDICATIONNET'S  SUBSIDIARY,  KEMPER

   SyndicationNet  currently  has  one  wholly-owned subsidiary, Kemper Pressure
Treated Forest Products, Inc. Kemper is engaged in the retail brokerage business
of preservative treated lumber such as utility poles, bridge pilings, timber and
guardrail  posts.  Kemper is also developing computer software applications that
will  enable  Kemper  to  manage  on-line  bidding  for  the treatment, sale and
shipment  of  processed  wood.

BACKGROUND

   In  preparation for this offering of its securities, SyndicationNet.com, Inc.
effected  two  reorganizations.

   Kemper  Pressure  Treated  Forest  Products, Inc. is an operating Mississippi
corporation  formed  in  1987.  On  August  16, 1999, the shareholders of Kemper
Pressure  Treated  Forest  Products  exchanged  all  their  outstanding  stock,
16,200,000  shares,  on  a  one-for-one basis for shares of stock of Life2K.com,
Inc.,  a  Delaware  corporation which had been incorporated in Delaware on March
24,  1999  as  Algonquin Acquisition Corporation and which had no operations, no
revenues  and  one  shareholder, TPG Capital Corporation. On August 12, 1999, in
anticipation of the share exchange with Kemper Pressure Treated Forest Products,
Inc.,  Algonquin Acquisition Corporation changed its name to Life2K.com, Inc. As
a  result  of  the share exchange, Kemper Pressure Treated Forest Products, Inc.
became  a  wholly-owned  subsidiary  of  Life2K.com,  Inc.

   On October 13, 2000, the shareholders of Life2K.com, Inc. exchanged all their
outstanding  stock for shares of Generation Acquisition Corporation.  Generation
Acquisition  Corporation,  a Delaware corporation, had filed with the Securities


<PAGE>
and  Exchange  Commission  a  registration statement on Form 10-SB, had become a
reporting  company under the Securities Exchange Act of 1934, had no revenues or
operations  and  had  one shareholder. At the time of the exchange, the officers
and  directors  of  Life2K.com,  Inc.  became  the  officers  and  directors  of
Generation Acquisition Corporation. Simultaneously, Life2K.com, Inc. merged with
and  into  Generation  Acquisition  Corporation  and  changed  its  name  to
SyndicationNet.com,  Inc.

     Kemper  Pressure  Treated  Forest  Products,  Inc.  wanted to diversify its
operations  and  to  become a publicly-traded company. In order to diversify its
operations,  Kemper  determined  to  use  Algonquin Acquisition Corporation as a
Delaware  holding  company,  of which Kemper would be a wholly-owned subsidiary,
and  which  would  make acquisitions of or engage in consulting for companies in
other  industries.  Toward  that end, Kemper combined with Algonquin, which then
changed  its  name  to  Life2K.com,  Inc.  Algonquin  Acquisition  Corporation's
purpose in combining with Kemper was to complete its initial purpose of locating
an  operating  business  entity  for the combination of that target company with
Algonquin  Acquisition  Corporation.

     In  anticipation  of  registering  its  securities  for  public  trading,
Life2K.com,  Inc.  wanted  to  familiarize  itself  with  the process of being a
reporting  company  under  the  Securities  and  Exchange Act of 1934, and to be
exposed to its financial disciplines. Toward that end, Life2K.com, Inc. combined
with  Generation  Acquisition  Corporation,  which  then  changed  its  name  to
SyndicationNet.com,  Inc.  Generation  Acquisition  Corporation's  purpose  in
combining  with Life2k.com, Inc. was to complete its initial purpose of locating
an  operating  business  entity  for the combination of that target company with
Generation  Acquisition Corporation. SyndicationNet was pleased with the initial
transaction with Algonquin, controlled by TPG Capital, and so SyndicationNet was
comfortable  pursuing  the  additional  transaction  with Generation Acquisition
Corporation,  also  controlled  by  TPG  Capital.

   At  the  time  of  the  transactions  described above, the control persons of
Kemper  Pressure  Treated  Forest  Products  were  Dale  Hill,  who  controlled
approximately  66%  of Kemper, and Brian Sorrentino, who owned approximately 34%
of  Kemper.  The controlling person of Algonquin Acquisition Corporation was its
sole  officer,  director  and  beneficial  shareholder,  James  M.  Cassidy. The
controlling  persons  of  Life2K.com, Inc. were its directors Vance Hartke, Mark
Griffith,  Cynthia  White,  Mark Solomon, Wayne Hartke and Howard Siegel and its
controlling  shareholders Dale Hill and Brian Sorrentino. The controlling person
of  Generation  Acquisition  Corporation  was  its  sole  officer,  director and
beneficial  shareholder,  James  M.  Cassidy.

   The  terms  of  the transaction between Algonquin Acquisition Corporation and
Kemper  Pressure  Treated Forest Products and the transaction between Generation
Acquisition  Corporation  and  Life2K.com,  Inc.  were  negotiated  between
unaffiliated  parties  with  the  intention of making SyndicationNet.com, Inc. a
reporting  company  and  this  public  offering  of  its  securities.  Both
reorganizations  consisted  of an exchange of stock. While there was shareholder
approval,  there  were  no  fairness  opinions  issued  for  either  of  the
reorganizations.

THE  MARKET

         SyndicationNet  believes  that  the  Internet's  substantial growth has
created  a  market  opportunity  to  facilitate  the  activities  of  electronic
commerce.  As Internet-based network reliability, speed and security continue to
improve, and as more businesses are connected to and familiar with the Internet,
traditional  brick-and-mortar  businesses  are  beginning to use the Internet to
conduct  e-commerce  and  to create new revenue opportunities by enhancing their
interactions  with  new  and  existing  customers. Businesses are also using the
Internet  to  increase  efficiency  in  their  operations  through  improved
communications,  both internally and with suppliers and other business partners.

   SyndicationNet's management team believes that it can offer development stage
Internet  companies  strategic  guidance  regarding  business model development,
market positioning, management selection, day-to-day operational support and the
introduction  to  investors  that start-up companies often need to fulfill their
business  objectives.

MARKETING

   SyndicationNet,  primarily  through  the  marketing  efforts of its executive
officers,  directors  and  consultants,  intends  to locate B2B Internet-related
companies  and  traditional brick-and-mortar businesses for which SyndicationNet
will  act  as  a  general corporate consultant and intends to locate development
stage  companies  as  acquisition  candidates. SyndicationNet does not intend to
concentrate  its efforts on any particular industry. SyndicationNet's management
team, led by retired United States Senator Vance Hartke, hopes to take advantage
of  the  resources  of  its  directors, specifically in the areas of accounting,
e-commerce,  finance  and  politics,  to  enable SyndicationNet to consult with,
acquire  and integrate B2B e-commerce companies and traditional brick-and-mortar
businesses. SyndicationNet intends to actively explore synergistic opportunities
such  as cross marketing efforts within the network of companies it will consult
with  or  acquire.

<PAGE>
STRATEGY  AND  OBJECTIVES

Investment  and  development  activities
------------------------------------------
   SyndicationNet  believes  that  it  can  add  value  to development stage B2B
e-commerce  Internet-related  companies  and  traditional  brick  and  mortar
businesses  by  providing  seed-capital and SyndicationNet may take advantage of
various  potential  business  acquisition  opportunities through the issuance of
SyndicationNet's  securities. SyndicationNet believes it can further assist them
in  the  following  areas:

          -    to develop and implement business models that capitalize on the
               Internet's ability to provide solutions to traditional companies;

          -    to build a corporate infrastructure including a management team,
               a qualified sales and marketing department, information
               technology, finance and business development;

          -    to assist them in their ability to manage rapid growth and
               flexibility to adopt to the changing Internet marketplace and
               technology;


          -    to assist them in evaluating, structuring and negotiating joint
               ventures, strategic alliances, joint marketing agreements and
               other corporate transactions; and

          -    to advise them in matters related to corporate finance, financial
               reporting and accounting operations.

   SyndicationNet  believes  that  its  management team is qualified to identify
companies  that  are  positioned  to  compete  successfully  in their respective
industries.  SyndicationNet  intends to structure its acquisitions to permit the
acquired company's management and key personnel to retain an equity stake in the
company.  SyndicationNet  believes  that  it  has  the  ability  to  complete
acquisitions  and  investments  quickly  and efficiently. SyndicationNet intends
that  after  acquiring an interest in a development company, it will participate
in  follow-on  financing  if  needed.

     SyndicationNet  has  no  proposed  activities  related  to  the offering of
securities  of  any  other  company.

Agreement  with  HTRG  Consulting

      On  January 7, 2000 HTRG was retained by SyndicationNet to design, develop
and  implement  computer  software programs to automate and improve the business
operations  of  SyndicationNet  and  Kemper.  HTRG  was  to analyze the business
operations  of SyndicationNet and prepare written recommendations and functional
design  software  to  automate  and  improve  those  operations.  HTRG's
responsibilities  also  included,  upon  approval  by SyndicationNet, the actual
development, testing, implementation and maintenance of the software programs in
accordance  with  the prototype designs. HTRG agreed to accept 100,000 shares of
SyndicationNet's  common  stock  as  compensation  for  any  software design and
development  services.  SyndicationNet  has  focused its software development on
accounting  programs  which  SyndicationNet  intends  to  use  to  help evaluate
prospect  acquisition  or  merger  candidates as well as to institute monitoring
programs  for  those  companies.  SyndicationNet  also  expects  HTRG to provide
computer  software  programs  that will provide SyndicationNet with spread sheet
analysis  and  pro  forma evaluations on a project by project basis of potential
target  client companies and computer software programs that SyndicationNet will
utilize  in  its  wood brokerage business. To date HTRG has provided services to
SyndicationNet  which  include  developing  a  computer  software purchase order
program  used  by  SyndicationNet's  subsidiary,  Kemper,  and HTRG has provided
computer  generated  analytical  pro  forma  programs  for  SyndicationNet.
SyndicationNet has issued an aggregate of 150,000 shares of common stock to HTRG
for  their  services  rendered.  At  this time all work by HTRG is on hold until
SyndicationNet  is  able  to  obtain  a trading symbol and have its common stock
quoted  on  the  OTC  Bulletin  Board.  HTRG  anticipates  that  it  will  need
approximately  six  to  nine  months to complete the on-line bidding and auction
program  for  Kemper  and  additional  web  based/software  related programs for
SyndicationNet.

Management  and  consulting  activities
- ---------------------------------------

   In  evaluating  whether  to  act  as  a consultant with a particular company,
SyndicationNet  intends  to apply an analysis which includes, but is not limited
to,  the  following  factors:

   1.  Industry  evaluation  to  determine inefficiencies that may be alleviated
through  Internet  or e-commerce use and will evaluate the profit potential, the
size  of  the  market  opportunity  and  the  competition  that  exists for that
particular  industry.

<PAGE>

   2.  Target  company  evaluation  to  determine  if the target company has the
products,  services  and  skills  to  become  successful  in  its  industry.

   3.  Overall  quality  and  industry  expertise  evaluation  of  a  potential
acquisition  candidate  in  deciding whether to acquire a target company. If the
target  company's management skills are lacking, a determination will be made as
to  whether  a restructuring of its corporate infrastructure is feasible and, if
done  so,  whether  it  would  be  successful.

   4.  Evaluation  of  SyndicationNet's  equity position in a target company and
extent  that  SyndicationNet  will be able to exert influence over the direction
and  operations  of  the  development  stage  company.

   5. As a condition to any acquisition or development agreement, SyndicationNet
intends  to require representation on the company's board of directors to ensure
its  ability  to  provide  active  guidance  to  the  acquired  company.

Consulting  service  customers
- ---------------------------------------

   On  September 19, 2000, SyndicationNet entered into a Services and Consulting
Agreement  with  Tri-State  Metro  Territories,  Inc.,  a  Delaware corporation,
("Tri-State")  in  the business of selling franchised hair coloring salon units.
SyndicationNet  was  retained  as  Tri-State's  consultant  to  assist  in  the
management,  development,  sales,  and marketing of haircolorxpress ("HCX"), its
franchised  hair  coloring  salon  units, in the District of Columbia, Virginia,
Maryland and Delaware. SyndicationNet was to be compensated from Tri-State at an
hourly  rate  of  $150  to  $250. SyndicationNet received an initial retainer of
$50,000 which was applied toward its hourly fees. The agreement which was for an
unspecified  term on a month to month or project oriented basis.  Syndication is
not  currently  providing any consulting services to Tri-State because Tri-State
has  not  recently  requested any additional services. SyndicationNet intends to
provide  additional  services  to  Tri-State  if  and  when  such  services  are
requested.  Tri-State  is  currently  operating  as  an independent company. The
individuals  to assist Tri-State with regard to future services will depend upon
the  services  requested.  If  such  services  requested involve a legal nature,
Messrs.  Hartke, Hartke, Siegel and Solomon would provide such services; if such
services  are of an accounting nature, Ms. White would provide such services; if
the  requested  services are of a general corporate nature, such services may be
provided  by  Mr.  Sorrentino or any combination of the above named individuals.

   SyndicationNet's  consulting services rendered to Tri-State included, but was
not  limited  to,  assisting  Tri-State  to draft its Uniform Franchise Offering
Circular,  Franchise  state  registration  statements,  master  development
agreements,  franchise  territory  agreements,  and  to  assist  Tri-State  to
development  and  negotiate  its  franchise  store  locations  for  HCX.
SyndicationNet's  officers and directors, Mark Solomon and Wayne Hartke assisted
Tri-State  in the drafting of the above stated legal documents and the ancillary
legal requirements of setting up a franchise. SyndicationNet's consultant, Brian
Sorrentino,  assisted  Tri-State  in  its  day-to-day  development  and business
planning  in  connection  with  HCX. SyndicationNet believes that its consulting
agreement  with  Tri-State  was  negotiated  as  an  arms  length  transaction.

Relationship  between  SyndicationNet,  Tri-State  and  HCX
- ----------------------------------------------------------------------

   Mr.  Sorrentino,  a  consultant  and  10% shareholder of SyndicationNet, owns
63.5%  of  the  outstanding shares of HCX and is a development agent and general
partner  of  HCX.  Mark  Solomon, a director of SyndicationNet, owns 8.3% of the
outstanding  shares  of  HCX.  Robert  Green,  a  less  than  5%  shareholder of
SyndicationNet,  owns  9%  of  HCX.

     Mr.  Green, an independent individual, was the founder and original capital
investor  in  Tri-State  and  negotiated  the  terms to hire SyndicationNet as a
consultant.  Subsequently,  Mr.  Sorrentino,  as  an  individual,  was  asked by
Tri-State  to  act as its development agent, independent of its arrangement with
SyndicationNet.  Mr.  Solomon,  a  director of SyndicationNet, later invested in
Tri-State.

     With  regard  to the relationships between the negotiation and execution of
the  consulting agreement between SyndicationNet and investments in Tri-State by
Messrs.  Sorrentino,  Solomon  and  Green,  SyndicationNet  believes  that  its
consulting agreement was negotiated at an arms length transaction. Mr. Green, an
independent  individual,  was  the  founder  and  original  capital  investor in
Tri-State  and  negotiated  the  terms  to  hire SyndicationNet as a consultant.
Subsequently, Mr. Sorrentino, as an individual, was asked by Tri-State to act as
its  development  agent, independent of its arrangement with SyndicationNet. Mr.
Solomon,  a  director  of  SyndicationNet,  later  invested  in  Tri-State.

     The  relationship  between  Tri-  State  and  HCX is that of a franchisor /
franchisee.  Tri-State  has  purchased  from  HCX  contractual rights to develop


<PAGE>
franchised  hair  coloring salon units in the territories of Delaware, Maryland,
Virginia  and  the  District  of  Columbia.

Competition

   The  market  to  acquire  interests  in  development  stage growth companies,
Internet  or  brick-and-mortar,  is highly competitive. Many of SyndicationNet's
competitors  may have more experience identifying and acquiring equity interests
in  development  stage  companies  and  have  greater  financial,  research  and
management  resources  than  SyndicationNet.  In  addition,  SyndicationNet  may
encounter  substantial  competition  from  new  market  entrants.  Some  of
SyndicationNet's  current and future competitors may be significantly larger and
have  greater  name  recognition  than  SyndicationNet. Many investment oriented
entities  have  significant  financial resources which may be more attractive to
entrepreneurs of development stage companies than obtaining the SyndicationNet's
consulting, management skills and networking services. SyndicationNet may not be
able  to  compete  effectively  against  such  competitors  in  the  future.

                  KEMPER PRESSURE TREATED FOREST PRODUCTS, INC.
                 ----------------------------------------------

Background

    SyndicationNet's  wholly  owned  subsidiary,  Kemper Pressure Treated Forest
Products,  Inc. ("Kemper") was incorporated on December 28, 1987 under the state
laws  of  Mississippi.  Kemper  was  organized to procure, buy, sell and harvest
products  for  treating poles, conventional lumber and wood products, as well as
preserve  and  treat  wood  and forest products for sale in wholesale and retail
markets. On October 9, 1997, Kemper entered into an asset purchase agreement and
lease  assignment  with  Electric  Mills  Wood  Preserving,  Inc., a Mississippi
company,  under which it sold all of its assets and reassigned its lease related
to  its  manufacturing  enterprise.  Currently Kemper acts as a retail broker of
treated timber, having eliminated virtually all of its manufacturing capacities.

     Kemper's  management  team  does  not  believe  there  is  a  need  for any
government  approval  of  its  wood  brokerage  services.

Market

   Kemper  markets, distributes and arranges transportation for its treated pine
and  hardwood  lumber  products  which  are used for utility poles, transmission
poles,  pilings,  bridge  timbers,  mining  ties and guardrail posts. Kemper, in
working with the utility industry, procures two classifications of lumber poles:
(i)  distribution  poles  which  are  typically  used  for  electricity,  cable,
telephone  and  other wires and (ii) transmission poles capable of carrying high
voltage  electricity.

   Kemper  typically  receives a monthly request from a buyer for wood products.
Kemper  then  contacts  a  supplier  and requests a quote for the specified wood
products. Kemper adds a mark-up to the price quoted from the supplier, typically
a  mark-up  of between $0.02 to $0.065 cents per cubic foot of treated wood, and
submits  the  aggregate  price  for  acceptance by the buyer. If accepted by the
buyer,  Kemper will then finalize a purchase order to buy the wood products from
the  supplier  and  an  invoice  reflecting the negotiated mark-up to the buyer.
Kemper's  arrangement  with  a  buyer  states that the wood is FOB the treatment
plant  which places the risk of loss or damage associated with shipping the wood
product  on  the buyer. Kemper, as a wholesale supplier of finished treated wood
products,  does not wish to engage in the shipping industry which Kemper regards
as  expensive and prone to uncontrolled shipping losses and breakage as a result
of  loading  and  unloading  finished  products.








<PAGE>
Strategy

   Kemper  believes  that  its  prices  are  competitive within the industry and
Kemper's  management  believes  that if it is able to provide consistent on time
large  volume orders it will be able to convince large utility and communication
companies  and  municipalities  to award Kemper with multi year supply contracts
which  Kemper  believes  can be lucrative. Kemper is currently in the process of
bidding  for  several  large  multi  year  supply  contracts.  Large  utility,
communication  or municipalities sometimes take up to two years or longer before
deciding  to whom they will award their contracts to. Kemper believes that if it
is  able to gain a reputation for being able to handle large supply demands on a
consistent  basis  with  quality wood products then its chances of winning large
contracts  of  this  type  will  be  enhanced.

Suppliers

   Kemper  currently  engages  the  services of a third party supplier, Electric
Mills  Wood  Preserving,  Mississippi,  which  provides  100%  of  Kemper's wood
treating  and  procurement  services  on  a  purchase  order  basis. There is no
contractual  relationship between Kemper and Electric Mills Wood Preserving that
prevents  Kemper from working with other suppliers. Management believes that, if
needed,  other  suppliers  could provide similar services on comparable terms. A
change  in  suppliers  could,  however,  cause  a  delay  in manufacturing and a
possible  loss  of  sales,  which  would  adversely  affect  Kemper's results of
operations.

<PAGE>
Customers

   Kemper  currently  has  one  customer,  Shelby  County  Forest Products, Inc.
("Shelby"),  Tacoma,  Washington,  which accounts for 100% of Kemper's revenues.
Kemper  typically  receives  a  monthly  request  from Shelby for wood products.
Shelby  is  an  unrelated  third  party.  Kemper then contacts a supplier for an
estimated  cost  of filling Shelby's requested purchase order. Although Kemper's
management team is continually negotiating contracts with potential customers, a
loss  of  its  current customer could have a material adverse affect on Kemper's
results  of  operations.

Research  and  Development

     Kemper's  primary  research and development expense over the last two years
has  been  in  the  form  of  the  aggregate  issuance  of  150,000  shares  of
SyndicationNet's common stock valued at an arbitrary value of $1.00 per share to
HTRG  to  design, develop and implement, computer software programs and computer
accounting  programs  which  SyndicationNet  intends  to  use  to  help evaluate
prospect  acquisition  or  merger  candidates as well as to institute monitoring
programs  for  purchased  companies. SyndicationNet also expects HTRG to provide
computer  software  programs  that will provide SyndicationNet with spread sheet
analysis  and  pro  forma evaluations on a project by project basis of potential
target  client companies and computer software programs that SyndicationNet will
utilize in its wood brokerage business. At this time all work by HTRG is on hold
until  SyndicationNet  is  successful in having its securities listed for public
trading.  It is anticipated that HTRG will continue to develop, complete, launch
and  maintain  SyndicationNet's  Internet  Web  at  such  time.

     HTRG  will  develop for Kemper an online bidding and wood auction web-site.
The  auction  software  that  was  being  developed is essentially an eBay style
auction  site  with  member  registration,  password protected bidding, feedback
rating  systems,  automatic  site  updating  and  eMail  notification functions.

     The  computer  software  system  will  allow:

     -    An Internet user to request an online quote to purchase wood poles.
          Quote information provided to the Internet user would include the wood
          type (coastal douglas fir, western red cedar, southern yellow pine);
          the specification (ANSI, AWPA, REA); the type of framing; the type of
          wood treatment (Penta Full Length, Butt Treated (cedar only),
          untreated); and the retention level; and

     -    real time information for bidders, sellers and foresters on timber
          bid.

     -    contact opportunities with new buyers, sellers and industry
          professionals

     -    Access to professional foresters and agents and the opportunity to
          assist potential regional and national buyers with the logistics of
          bidding, buying, and harvesting

EMPLOYEES


     Other  than  the Company's officers, as of December 31, 2002 SyndicationNet
and Kemper had no employees and one consultant. SyndicationNet's success depends
to  a  large extent upon the continued services of SyndicationNet's and Kemper's
key  managerial and technical employees. The loss of such personnel could have a
material  adverse  effect  on  SyndicationNet's  business  and  its  results  of
operations.  See  "Risk  Factors".

<PAGE>
                              GENERAL RISK FACTORS

SyndicationNet  will  need  to  raise additional funds in the future for its
operations and if it is unable to raise additional financing, SyndicationNet may
not  be  able  to  support  its  operations.

   SyndicationNet  will  need  additional  funds  to  develop  its  operations.
SyndicationNet  may  seek  additional  capital  through

     an  offering  of  its  equity  securities,
     an  offering  of  debt  securities,  or
     by  obtaining  financing  through  a  bank  or  other  entity.

SyndicationNet has not established a limit as to the amount of debt it may incur
and  it  has  not  adopted  a  ratio  of  its  equity  to  a  debt allowance. If
SyndicationNet  needs  to  obtain additional financing, the financing may not be



<PAGE>

available  from  any  source,  or  may  not  be available on terms acceptable to
SyndicationNet.  Any  future  offering  of  securities may not be successful. If
SyndicationNet is unable to obtain additional capital when needed SyndicationNet
may  not  be  able  to  support  its  operations,  may  not be able to offer its
consulting  services,  may  not  be  able  to  make  acquisitions of development
companies  and  may  be  forced  to  cease  doing  business.


SyndicationNet  may obtain additional capital primarily through the issuance
of  preferred  stock  which  may  limit  the  rights  of  current  holders  of
SyndicationNet  common  stock.

   Without  any  shareholder  vote  or  action, SyndicationNet may designate and
issue additional shares of its preferred stock. The terms of any preferred stock
may  include  priority  claims to assets and dividends and special voting rights
which  could  limit  the rights of current shareholders of SyndicationNet common
stock.  The  designation  and  issuance  of preferred stock favorable to current
management or shareholders could make any possible takeover of SyndicationNet or
the  removal  of its management more difficult. It could defeat hostile bids for
control  of  SyndicationNet  which  bids  might  have provided shareholders with
premiums  for  their  shares.


SyndicationNet has a limited operating history and investors may not be able
to  base  an  investment  decision  on  SyndicationNet's  operating  history.

   SyndicationNet  has  a  limited  operating history upon which an investor may
evaluate  making  an investment in SyndicationNet. Accordingly, in reviewing the
actual  operating  results  of  SyndicationNet, an investor will only be able to
examine  the  operating  results  of SyndicationNet's wholly-owned subsidiary in
making  an investment decision. While SyndicationNet intends to acquire Internet
related  businesses  in  exchange  for  cash  or  the issuance of securities, no
acquisitions  have  been  consummated  and  no  future  acquisitions  may  be
consummated.


Because  SyndicationNet's  management team devotes a limited amount of their
time  to  the  affairs  of  SyndicationNet, SyndicationNet's business may not be
successful.

     SyndicationNet's  management  team  consists  of  individuals  who  are
concurrently  involved in other activities and careers and will be spending only
a  limited  amount  of time on the affairs of SyndicationNet. SyndicationNet may
not  be  able  to  successfully  implement  its  business  plan  or continue its
operations  if  its  management  team  is  unable  to  devote the time required.


SyndicationNet's  strategy  may  involve speculative investments which could
cause  SyndicationNet  to lose some or all of its invested funds and could cause
the  price  of  SyndicationNet's  stock  to  decline.

   SyndicationNet's  success  depends  on  its  ability  to  develop  or  select
companies  that  will  be  ultimately  successful.  There may be factors outside
SyndicationNet's  control  which  could  affect  the  success  of  the  acquired
companies.  SyndicationNet  intends to seek out companies in the early stages of
development  with limited operating history, little revenue and possible losses.
If SyndicationNet becomes affiliated with such entities and they do not succeed,
the  value  of SyndicationNet's assets, its results of operations, and the price
of  SyndicationNet's  common  stock  could  decline.


As  of  December  31, 2002 there were 10,220,250 shares of SyndicationNet's
total  outstanding  shares  that are restricted from immediate resale but may be
sold  into  the  market in the near future. This could cause the market price of
the  common  stock  to  drop  significantly, even if the business is doing well.

   There  are  10,795,750  shares  of  common  stock currently outstanding which
includes  the  561,500  shares which were registered in a Form SB-2 registration
statement,  which  shares  may  be  resold in the public market immediately. The
remaining  shares  will  become  available  for  resale after a one-year holding
period  from  the date of issuance pursuant to Rule 144 of the General Rules and
Regulations  of  the  Securities  and  Exchange  Commission.


<PAGE>


An  increase  in  the number of shares of SyndicationNet available for public
sale  without any increase to its capitalization could decrease the market price
of  its  shares.

   An  aggregate  of  8,655,290  of the outstanding shares of SyndicationNet are
held  by officers, directors, affiliates and entities controlled by them and are
subject  to the trading volume limitations of Rule 144 including the shares held
by  affiliates  being  registered  in  this registration statement. See "Plan of
Distribution-Sales  by  Affiliates".

Management  and  affiliates  own  enough shares to control shareholder vote
which  could  limit  the  rights  of  existing  or  future  shareholders.

   SyndicationNet's  executive  officers,  directors,  affiliates  and  entities
controlled by them own approximately 80.2% of the outstanding common stock. As a
result,  these executive officers and directors will control the vote on matters
that  require  stockholder approval such as election of directors, approval of a
corporate  merger,  increasing  or  decreasing  the number of authorized shares,
adopting  corporate  benefit  plans,  effecting  a  stock  split,  amending
SyndicationNet's  Certificate  of  Incorporation  or  other  material  corporate
actions.


SyndicationNet does not have employment agreements with any of its officers
or  employees  and  if  SyndicationNet  is  unable to retain its management team
SyndicationNet's  business  operations  may  not be able to continue to operate.

   SyndicationNet's success in achieving its growth objectives is dependant to a
substantial  extent  upon  the  continuing  efforts  and  abilities  of  its key
management  personnel,  including  the  efforts of retired United States Senator
Vance  Hartke,  SyndicationNet's  President, as well as other executive officers
and  management.  SyndicationNet does not have employment agreements with any of
its  executive  officers  and  the  loss  of  their  services  would  deprive
SyndicationNet  of  their  needed  legal  and business contacts and experiences.
SyndicationNet  may  not  be  able to maintain and achieve its growth objectives
should  SyndicationNet  lose  any  or  all  of  these  individuals'  services.
SyndicationNet does not maintain key-man life insurance for any of its officers.

If  SyndicationNet is required to comply with the Investment Company Act of
1940  then  SyndicationNet  will  incur  substantial  additional expenses and if
SyndicationNet  does  not  comply  with  the  Investment  Company  Act,  then
SyndicationNet  could  be  subject  to  liabilities.

   SyndicationNet's  ownership  interest  in  companies that it seeks to consult
with  and  acquire  could  result  in  SyndicationNet  being  classified  as  an
investment  company  under the Investment Company Act of 1940. If SyndicationNet
is required to register as an investment company, then it will incur substantial
additional expenses as the result of the Investment Company Act of 1940's record
keeping,  reporting,  voting,  proxy  disclosure  and  other legal requirements.
SyndicationNet  has  obtained  no  formal  determination from the Securities and
Exchange  Commission  as to its status under the Investment Company Act of 1940.
Any violation of the Investment Company Act of 1940 could subject SyndicationNet
to  civil  or  criminal  liabilities.  In  the  event  SyndicationNet engages in
business combinations which result in it holding passive investment interests in
a  number  of  entities, SyndicationNet could be subject to regulation under the
Investment  Company  Act  of  1940. Passive investment interests, as used in the
Investment  Company Act, essentially means investments held by entities which do
not  provide  management  or  consulting  services  or  are  not involved in the
businesses  whose  securities  are  held. In such event, SyndicationNet would be
required  to  register  as  an investment company and could be expected to incur
significant  registration  and  compliance  costs.  Restrictions on transactions
between  an  investment  company and its affiliates under the Investment Company
Act  of  1940  would make it difficult, if not impossible, for SyndicationNet to
implement  its  business  strategy of actively managing, operating and promoting
collaboration  among  SyndicationNet's  to  be  acquired  network  of affiliated
entities.






<PAGE>

Penny  Stock  Regulation

Our  common stock is a penny stock. Penny stocks generally are equity securities
with  a  price  of less than $5.00 per share other than securities registered on
national  securities  exchanges  or  listed on the Nasdaq Stock Market, provided
that  current  price and volume information with respect to transactions in such
securities  are provided by the exchange or system. The penny stock rules impose
additional  sales  practice  requirements  on  broker-dealers  who  sell  such
securities  to persons other than established customers and accredited investors
(generally  those with assets in excess of $1,000,000 or annual income exceeding
$200,000,  or  $300,000 together with their spouse). For transactions covered by
these rules, the broker-dealer must make a special suitability determination for
the  purchase  of  such  securities  and  have  received the purchaser's written
consent  to  the  transaction  prior  to  the  purchase.  Additionally,  for any
transaction  involving  a  penny  stock,  unless  exempt,  the rules require the
delivery,  prior  to the transaction, of a disclosure schedule prescribed by the
SEC relating to the penny stock market. The broker-dealer also must disclose the
commissions  payable to both the broker-dealer and the registered representative
and  current  quotations for the securities. Finally, monthly statements must be
sent  disclosing recent price information on the limited market in penny stocks.
Because  of  these  penny stock rules, broker-dealers may be restricted in their
ability  to  sell  SyndicationNet's  common  stock.


                    SPECIAL RISK FACTORS INVOLVING SUBSIDIARY

SyndicationNet  may  not  be  able  to continue to operate as a retailer of
lumber  if  it  is unable to obtain lumber at economic prices to fill its lumber
order  requests.


<PAGE>

   The  availability  and  costs  of  obtaining softwood and hardwood lumber are
critical  elements  for  the SyndicationNet's subsidiary, Kemper, to continue to
operate.  The  supply  of trees of acceptable size for the production of utility
poles  has  decreased  in recent years in relation to the demand and prices have
increased.  The  supply  of timber is significantly affected by its availability
from  public  lands, particularly in the Pacific Northwest.  The demand for, and
prices of, timber and manufactured wood products, including lumber, are affected
primarily  by  the  cyclical  supply  and  demand factors of the forest products
industry.  The  demand  for  logs and wood products is primarily affected by the
level  of  new residential construction activity and, to a lesser extent, repair
and  remodeling  activity and other industrial uses. The demand for logs is also
affected  by  the  demand  for  wood  chips in the pulp and paper markets. These
activities  are,  in  turn, subject to fluctuations due to, among other factors:
changes  in  domestic  and  international  economic  conditions; interest rates;
population  growth  and  changing  demographics; and seasonal weather cycles. If
SyndicationNet  is  not  able to obtain raw wood materials at economic prices in
the  future it may not be able to continue to fill its lumber order requests and
may  not  be  able  to  continue  to  operate  its  wood  brokerage  services.

Kemper only has one customer and if Kemper loses this customer it may not be
able  to  continue  to  operate.

   Kemper  currently  has  one  major  customer  which  accounts for 100% of its
revenues.  Although  Kemper  is continually negotiating contracts with potential
customers,  a loss of its only customer would eliminate 100% of Kemper's current
revenue  and,  if  Kemper  is unable to find additional customers, Kemper may be
forced  to  cease  doing  business  in  the  wood  brokerage  industry.


ITEM  2.  DESCRIPTION  OF  PROPERTY

Both  SyndicationNet  and  its  subsidiary,  Kemper, are headquartered in the
Hartke  Building  located  at  7637 Leesburg Pike, Falls Church, Virginia 22043.
Retired  United States Senator Vance Hartke, the president of SyndicationNet and
the  owner of the Hartke Building, has granted SyndicationNet and Kemper the use
of  office space in the Hartke Building on a rent-free basis. SyndicationNet and
Kemper project that such office space should be sufficient for their anticipated
needs  for  the  foreseeable  future.

   SyndicationNet's  telephone  number  is  703/748-3480  and  its fax number is
703/790-5435.

Transfer  Agent

   SyndicationNet's  uses Pacific Stock Transfer as its transfer agent.

ITEM  3.  LEGAL  PROCEEDINGS

     Other  than  the information stated below, SyndicationNet is not a party to
any  litigation  and  management  has  no knowledge of any threatened or pending
litigation  against  it.

     On  November  26,  2001,  Barry  Pope  ("Pope"),  individually  and  as  a
shareholder of Worldwide Forest Products, Inc. ("Worldwide") commenced an action
against  Brian  Sorrentino,  Dale  Hill, Worldwide Forest Products, Inc., Kemper
Pressure  Treated Forest Products, Inc., Life2k.com, Inc., Algonquin Acquisition
Corp., Generation Acquisition Corp., SyndicationNet.com, Inc., Castle Securities
Corporation  and  John  Does  1-5,  in  the  Circuit  Court  of  Madison County,
Mississippi.  In  such  action,  Pope claims that stock he owned and commissions
owed  to  him  by Worldwide should have been converted into shares of the common
stock  of  SyndicationNet.


<PAGE>


     Worldwide  was  a  corporation  organized  under  the  laws of the State of
Mississippi  that  operated  as a wood treatment company that worked exclusively
with  creosite,  a wood treatment chemical, for utility wood poles and products.
In  1997  the  corporate  charter  of  Worldwide expired and Worldwide no longer
conducts  operations.  Brian  Sorrentino, a shareholder of the Company,  was the
chairman  of  the  board,  chief  financial  officer and majority shareholder of
Kemper  and  was  also  the  chairman  of the board, chief financial officer and
beneficial  majority  shareholder  of  Worldwide Forest Products, Inc.  In 1996,
Pope  entered into a consent order settlement with Worldwide arising from claims
brought  by  Pope  against  the  former  President of Worldwide, David Wise, and
Worldwide.  Pursuant  to  such  settlement,  on  November 8, 1996, Pope received
30,000  shares  of  Worldwide common stock and received warrants, exercisable at
$1.00  per  share,  to  purchase  200,000  shares  of  Worldwide  common  stock.

     Worldwide  never  completed  an  initial public offering and, as such, Pope
alleges  losses  equal  to  the  value  of  his  Worldwide  shares had Worldwide
completed  a  public  offering, had such shares traded at a minimum of $5.00 per
share  and  had  Pope  been able to sell his securities equal to or in excess of
$5.00.  Pope  further alleges that certain defendants guaranteed the obligations
of  Worldwide  in  the amount of $2,060,000 and alleges that all shareholders of
Worldwide  were  provided  an  opportunity  by  Worldwide  to  convert shares of
Worldwide  common  stock  into  shares  of  common  stock  of  Syndication.

     Finally,  Pope  alleges  that Brian Sorrentino orally guaranteed payment to
Pope  in  the  amount of $200,000 representing commissions to be paid to Pope if
and  when  Pope  provided  a  $2,000,000 loan for Worldwide which loan was never
effected.  Pope  is seeking compensatory and punitive damages in an amount to be
determined  at  trial,  plus  an  award of reasonable costs, attorneys' fees and
expenses,  pre-judgement  and  post-judgement  interest, and any other relief to
which  Pope  may  be  entitled.  SyndicationNet  believes  that  Pope's claim is
without  merit  and  SyndicationNet  has  engaged  counsel  to vigorously defend
against  the  action.

     On  May  2, 2002, the Circuit Court of Madison County, Mississippi, granted
the  plaintiff's  counsel  motion  to  withdraw  as  counsel  for the plaintiff.

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

     No  matter  was  submitted  to  a  vote  of  security  holders, through the
solicitation  of  proxies  or otherwise, during the fourth quarter of the fiscal
year  covered  by  this  report.




<PAGE>
                                     PART II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

     On March 5,  2003,  the Company's common stock began trading on the
Over-the-Counter  Bulletin  Board  under  the  ticker  symbol  "SYCI".  The last
reported  price  of  the  Company's  common stock on April 8, 2003 was $1.15 per
share.

     During  the  period  covered by this Report, the Company has authorized the
issuance, in October 2002, of 2,000 shares of the Company's common stock to each
of  its  officers  and directors for an aggregate issuance of 12,000 shares. The
Company also issued 1,000 shares of common stock to one individuals for services
rendered  to  the  Company at a value of $1.00 per share and 1,000 shares to Mr.
Hartke  as  consideration  for  office rental fees value at $1.00 per share. The
Company  believes  that  such  issuance was exempt from registration pursuant to
Section  4(2)  of  the  Securities  Act  of  1933.

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

     The  following  discussion  is  intended  to  provide  an  analysis  of
SyndicationNet's financial condition and plan of operation and should be read in
conjunction  with  SyndicationNet's  financial statements and the notes thereto.
The  matters  discussed in this section that are not historical or current facts
deal  with potential future circumstances and developments. Such forward-looking
statements include, but are not limited to, the development plans for the growth
of  SyndicationNet,  trends  in  the  results  of  SyndicationNet's development,
anticipated  development  plans,  operating  expenses  and  SyndicationNet's
anticipated  capital requirements and capital resources. SyndicationNet's actual
results  could  differ  materially  from  the  results  discussed  in  the
forward-looking  statements.


<PAGE>
     Although  SyndicationNet  believes  that  the expectations reflected in the
forward-looking  statements  and  the assumptions upon which the forward-looking
statements  are  based  are  reasonable,  it  can  give  no  assurance that such
expectations  and  assumptions  will  prove  to  be  correct.

General

     SyndicationNet.com, Inc. is a holding company formed to acquire controlling
interests  in  or  to  participate in the creation of, and to provide financial,
management  and  technical  support  to,  development  stage  businesses.
SyndicationNet's  strategy  is  to integrate affiliated companies into a network
and to actively develop the business strategies, operations and management teams
of  the  affiliated  entities.

     SyndicationNet  currently  has one wholly owned subsidiary, Kemper Pressure
Treated Forest Products, Inc. Kemper is engaged in the retail brokerage business
of preservative treated lumber such as utility poles, bridge pilings, timber and
guardrail  posts.  Kemper is also developing computer software applications that
will  enable  Kemper  to  manage  on-line  bidding  for  the treatment, sale and
shipment  of  processed  wood.

     SyndicationNet  has  historically  incurred losses which has resulted in an
accumulated  deficit  of  $1,143,099 as  of  December 31, 2002.  Although funds
generated  by  operations  have supported certain ongoing expenditures including
legal  and  accounting  fees,  additional  capital  will  be  needed  to  affect
transactions  such  as mergers or acquisitions, if any.  Such additional capital
may need to be raised through the issuance of SyndicationNet's debt or equity or
a  combination  of both.   Without additional capital, SyndicationNet may not be
able  to  continue  as  a  going  concern.

     If  SyndicationNet  is  only  able to obtain nominal funding to finance its
acquisitions  and/or  investments,  Syndication will not be able to effectuate a
merger,  acquisition  or investment until SyndicationNet has sufficient funds to
do so which amount of funds needed will depend upon the type of transaction that
may  or  may  not  arise  in  the  future.

     SyndicationNet's  future  revenues  and  profits,  if any, will depend upon
various  factors,  including  whether SyndicationNet will be able to effectively
evaluate  the  overall  quality  and industry expertise of potential acquisition
candidates,  whether  SyndicationNet will have the funds to provide seed capital
and  mezzanine  financing  to  brick-and-mortar, e-commerce and Internet-related
companies  and  whether SyndicationNet can develop and implement business models
that will enable growth companies to develop.  SyndicationNet may not be able to
effect  any  acquisitions of or investments in development stage companies if it
is unable to secure sufficient funds to finance its proposed acquisitions costs.

     SyndicationNet  intends  for its management team to identify companies that
are  positioned  to  succeed  and  to  assist  those  companies  with financial,
managerial  and  technical  support.  Over  the  next  12  months SyndicationNet
intends  to  increase  revenue and gross profit margin by focusing and expanding
its  consulting  services.  It is management's belief that potential acquisition
targets  can  be better identified and assessed for risk if SyndicationNet first
becomes  involved  with  various  companies  on  a  consulting  capacity.
SyndicationNet's  strategy  is  to integrate affiliated companies into a network
and to actively develop the business strategies, operations and management teams
of  the  affiliated  entities.


<PAGE>

     On  September  19,  2000,  SyndicationNet  entered  into  a  Services  and
Consulting  Agreement  with Tri-State Metro Territories, LLC, a Delaware limited
liability  corporation, ("Tri-State") in the business of selling franchised hair
coloring  salon  units  under  the  copy  right  name  of  "haircolorxpress".
SyndicationNet  was  retained  as  Tri-State's  consultant  to  assist  in  the
development of management, sales, and marketing of "haircolorxpress", franchised
hair  coloring  salon  units in the District of Columbia, Virginia, Maryland and
Delaware. SyndicationNet will be compensated from Tri-State at an hourly rate of
$150  to $250. On November 29, 2000, SyndicationNet received an initial retainer
of  $50,000 to be applied toward its hourly fees. SyndicationNet has received an
aggregate  of  $12,725  for  consulting  services  rendered  to  Tri-State.

     SyndicationNet  will  attempt  to enter into consulting agreements over the
next  12  months  that  will increase consulting fees as well as open dialog for
acquisition  considerations.  SyndicationNet  has  no  current  plans, proposal,
arrangements  or  understandings  with  any representatives of the owners of any
business  or  company  regarding  an  acquisition  or  merger  transaction.

     SyndicationNet  has generated funds through its wood brokerage services and
from consulting fees for services as well as raising capital through the sale of
its  securities  in  private  transactions.


YEAR  ENDED  DECEMBER 31, 2001 COMPARED TO DECEMBER 31, 2000 FOR SYNDICATION NET
TOGETHER  WITH  ITS  WHOLLY  OWNED  SUBSIDIARY,  KEMPER  PRESSURE TREATED FOREST
PRODUCTS,  INC.

     For  the  year ended December 31, 2001, SyndicationNet's sales increased by
20.8%  to  $8,901,207  from $7,366,393 for the year ended December 31, 2000. The
increase  is primarily attributed to the growth of SyndicationNet's wholly owned
subsidiary,  Kemper  Pressure Treated Forest Products, Inc.  Further explanation
of  the  increase  in  sales is the growth of the Company's consulting business.
For the year ended December 31, 200l, the Company's consulting revenue increased
by  237%  to $173,060 from $51,300 for the year ending December 31, 2000.  It is
the position of management that Kemper's client base and its consulting business
should expand over the next year and  the  trend  should  continue.

     The  General  and  Administrative  Operating  Expenses for the period ended
December  31, 2001 decreased 78% to $127,034 from $570,334 for the period ending
December  31,  2000.  The decrease is primarily attributed to payment in 2000 of
the  one  time  expenses  related  to  SyndicationNet's merger and filing of its
registration  statement  and public offering efforts that were not applicable in
the  year  ending  December  31,  2001.

     Cost  of  sales increased 19% to $8,672,565 for the year ended December 31,
2001,  compared  to  $7,267,571  for  the  year  ended  December 31, 2000.  This
increase  in  cost of sales was primarily attributable to increased purchases of
wood  product  to  meet  increased  demand.

     The net income for the year ended December 31, 2001 was $53,098 compared to
net  losses  of  $(485,439)  for  the year ended December 31, 2000.  The primary
reasons  for  the increase in the income was that there were no, or very little,
costs  attributed  to the merger and registration process as were present in the
year  ended  December  31,  2000.

     Total  current  assets  increased  to  $620,948  at  December 31, 2001 from
$571,761 at December 31, 2000, due primarily to the increase of SyndicationNet's
accounts receivable. Total current liabilities decreased to $992,526 at December
31,  2001  from  $998,257  at  December  31,  2000

     SyndicationNet  does  not  foresee any significant changes in the number of
its  employees  over  the  next  twelve  months.

     The  Company  has  not  paid  dividends on its common stock, and intends to
reinvest its earnings to support its working capital and expansion requirements.
The  Company  intends to continue to utilize its earnings in the development and
expansion  of  the  business  and  does  not expect to pay cash dividends in the
foreseeable  future.  It  is  the belief of management that as the Company moves
toward  an  active trading status the ability to raise capital by stock issuance
to  effect  its  business  plan  is  enhanced.



<PAGE>
     (ii)  The  Company  does  not  expect to purchase or sell any manufacturing
facilities  or  significant  equipment  over  the  next  twelve  months.

     (iii)  The  Company  does not foresee any significant changes in the number
of  its  employees  over  the  next  twelve  months.


FISCAL YEAR ENDED DECEMBER 31, 2002 COMPARED TO THE FISCAL YEAR ENDED
DECEMBER 31, 2001


Consulting Revenues for the year ended December 31, 2002 was 12,725 and Wood
treatment revenue was $8,943,781 of which costs of goods sold was $8,956,506.
The Company's Wood treatment revenue increased by $215,634 from the fiscal year
ended December 31, 2002 while the Company's consulting revenue decreased
$160,335 from the fiscal year ended December 31, 2001. There have been no
significant changes in the Company's accounting policies.

At  December  31,  2002, the Company had cash of $31;

At December 31, 2002 the Company had a net stockholders' deficit of $336,272.

The  Company's  total  liabilities  at  December  31,  2002  were 336,303.

OTHER:

Except  for historical information contained herein, the matters set forth above
are forward-looking statements that involve certain risks and uncertainties that
could  cause  actual  results  to  differ  from  those  in  the  forward-looking
statements.  Potential risks and uncertainties include such factors as the level
of  business  and  consumer  spending,  the  amount  of  sales  of the Company's
products, the competitive environment within the Company's industry, the ability
of the Company to continue to expand its operations, the level of costs incurred
in  connection with the Company's expansion efforts, economic conditions and the
financial  strength  of  the  Company's  customers  and suppliers. Investors are
directed  to consider other risks and uncertainties discussed in documents filed
by  the  Company  with  the  Securities  and  Exchange  Commission.


<PAGE>
NEW ACCOUNTING PRONOUNCEMENTS

     In June 2002, the Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting Standards No. 146, " Accounting for Costs
Associated with Exit or Disposal Activities" (FAS 146).  FAS 146, which will be
effective for exit or disposal activities initiated after December 31, 2002, is
not expected to have a material impact on the company's results of operation,
financial position or cash flows.

     In December 2002, the FASB issued Statement of Financial Accounting
Standards No. 148, "Accounting for Stock-Based Compensation-Transition and
Disclosure" (FAS 148), which amends FAS 123, "Accounting for Stock-Based
Compensation", transition requirements when voluntarily changing to the fair
value based method of accounting for stock-based compensation and also amends
FAS 123 disclosure requirements.  FAS 148 is not expected to have a material
impact on the company's results of operations, financial position or cash flow.


CRITICAL ACCOUNTING POLICIES AND ESTIMATES

     In December, 2001, the SEC issued a cautionary advice to elicit more
precise disclosure in this Item 7, MD&A, about accounting policies management
believes are most critical in portraying the company's financial results and in
requiring management's most difficult subjective or complex judgments. The
preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make judgments and estimates.

Certain  of  our accounting policies are particularly important to the portrayal
of  our financial position and results of operations and require the application
of  significant  judgment  by our management; as a result they are subject to an
inherent  degree of uncertainty. In applying these policies, our management uses
their  judgment  to  determine  the  appropriate  assumptions  to be used in the
determination of certain estimates. Those estimates are based on our historical,
terms  of  existing  contracts,  our  observance  of  trends  in  the  industry,
information  provided  by  our  customers  and  information available from other
outside  sources,  as  appropriate. Our significant accounting policies include:



IMPACT OF INFLATION

     Inflationary factors have not had a significant effect on our operations.

<PAGE>

ITEM  7.  FINANCIAL  STATEMENTS

     The  financial statements for the year ended December 31, 2002 are attached
to  this  Report following the Signature page.

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

     There  were  no  changes in or disagreements with accountants on accounting
and  financial  disclosure  for  the  period  covered  by  this  report.


                                    PART III

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



Name                     Age         Position

Vance  Hartke            81          President  and  Director


Mark  Griffith           41          Treasurer,  Secretary  and  Director


Cynthia  White           32          Chief  Financial  Officer


Mark  Solomon            45          Director


Wayne  Hartke            52          Director


Howard  B.  Siegel       57          Director


<PAGE>

     The  above  named  officers and directors also serve identical positions as
officers  and  directors  of  Kemper.

     SyndicationNet's directors have been elected to serve until the next annual
meeting  of  the  stockholders  of  SyndicationNet  and  until  their respective
successors  have been elected and qualified or until death, resignation, removal
or  disqualification.  SyndicationNet's  Certificate  of  Incorporation provides
that  the  number  of  directors  to  serve  on  the  Board  of Directors may be
established,  from  time to time, by action of the Board of Directors. Vacancies
in  the  existing Board are filled by a majority vote of the remaining directors
on  the Board. SyndicationNet's executive officers are appointed by and serve at
the  discretion  of  the  Board.

     SENATOR  VANCE  HARTKE,  ESQ.  (retired)  has served as the President and a
director of SyndicationNet and Kemper since August 1999.  Retired Senator Hartke
received his Juris Doctor in 1948 from Indiana University Law School.  From 1956
to  1958, Senator Hartke served as the Mayor of the City of Evansville, Indiana.
From 1958 to 1976, Vance Hartke served as the United States Senator from Indiana
for three terms. Senator Hartke was a member of the United States Senate Finance
Committee  with  jurisdiction  over  taxes,  debt  control, international trade,
social  security,  welfare, health and energy, and a member of the United States
Senate  Commerce  Committee  with jurisdiction over trade and tourism, business,
communication  and  consumer  affairs.


<PAGE>

     For  at  least  the  last  five  years,  former  Senator  Vance Hartke is a
practicing  attorney  who  currently  heads  "The  Hartke Group", a full service
family-owned  law  firm  located  in Falls Church, Virginia. Over a period of 30
years,  Mr.  Hartke  has  been involved with the United Nation, the World Health
Organization,  the  Food  and  Agricultural  Organization,  the  United  Nations
Development  Program, the World Bank, U.S. Aide, the Overseas Private Investment
Corporation,  the  Export-Import  Bank,  the Inter American Development Bank and
various  agencies  of the United States Administration, the United States Senate
and  the  United  States  House  of  Representatives.

     Senator  Hartke is the co-founder of the American Trial Lawyers Association
and  the  founder  of the International Executive Service Corps.  Senator Hartke
currently serves as a director of Neptune Pharmaceuticals USA, Inc., a privately
held  company  that imports and exports pharmaceutical products, and also serves
as  a  director  of  Wood  Holdings,  Inc.  and Wood Sales, Inc., privately held
companies  in  the  wood  preservative  industry.

     MARK  SOLOMON,  ESQ.  has  served  as Chairman of the Board of Directors of
SyndicationNet  and of Kemper since August 1999. Mr. Solomon received a Bachelor
of  Science  Degree  from  Nova University in 1976 and received his Juris Doctor
from  Nova  University  Law School in 1979. For at least the last five years Mr.
Solomon  has  been  a  practicing  attorney  for  Mark Solomon, P.A., located in
Florida,  specializing  in  criminal  law.

     CYNTHIA  WHITE  has served as the Chief Financial Officer of SyndicationNet
and  of  Kemper  since August 1999. Since October, 1991, Ms. White has owned The
Accelerated Group, Inc., an accounting firm located in Florida which specializes
in  corporate  and  individual  taxes,  audits, financial reporting and business
consultation.  From  1992  to 1993, Ms. White also served as the Comptroller for
Optoelectronics,  Inc. and prior to that she served as an accountant for Florida
Business  Services,  Inc.  and  the accounting firm of James and Surman, CPA. In
1992,  Ms. White received her B.A. from Florida Atlantic University with a major
in  accounting.  Ms.  White  also  serves  as  the  treasurer for the Boca Raton
Society  for  the  Disabled,  Inc.

   MARK  GRIFFITH  has  served  as  the  Treasurer,  Secretary and a director of
SyndicationNet  and  of  Kemper  since  August  1999.  Mr. Griffith received his
Bachelor  of  Arts  degree  in  History  and  in  Education from Salisbury State
University  in 1984.  From December 2000 to the present, Mr. Griffith has served
as  the  senior  compliance  examiner  for  Sterling  Financial Investment Group
located in Florida. From September 2000 to December 2000, Mr. Griffith worked as
a  registered  securities  principal  with  National Securities, Inc., a Florida
based  securities firm. From 1997 to September, 2000, Mr. Griffith served as the
Chief  Compliance  Officer for the Agean Group, a Florida based securities firm.
Prior  to  1997,  Mr.  Griffith  worked  as  a  stockbroker  for  J.W. Grant and
Associates.

     WAYNE HARTKE, ESQ. has served as a director of SyndicationNet and of Kemper
since  August  1999.  Mr.  Hartke  received his Bachelor of Arts degree from the
University  of  Pennsylvania  in 1970 and received his Juris Doctor in 1973 from
the  California  Western  School  of Law. Mr. Hartke, for at least the last five
years  has  been  a  partner in the law firm of Hartke & Hartke located in Falls
Church,  Virginia  and  is  currently  admitted  to  the bars of the District of
Columbia,  Virginia  and  California.  Mr. Hartke served as corporate counsel to
Norris Satellite Communications, Inc. where he participated in negotiations with
Sprint,  Orbital Sciences Corporation, Harris Corporation and Echostar regarding
satellite  launch  contracts.  Mr.  Hartke  also  has  experience  in  Federal
Communications Commission license applications, the development and sale of coal
properties,  international crude oil purchases and the acquisition and marketing
of  Internet  domain  names.


<PAGE>

     Mr.  Hartke currently serves as a director of Tong-1 Pharmaceuticals, Inc.,
a privately held retail chain of drug stores operating in China. Mr. Hartke also
serves as a director of Wood Holdings, Inc. and Wood Sales, Inc., privately held
companies  in  the  wood  preservative  industry. Mr. Wayne Hartke is the son of
Senator  Vance  Hartke,  the  President  and  a  director  of  SyndicationNet.

      HOWARD  S. SIEGEL has served as a director of SyndicationNet and of Kemper
since  August 1999. Mr. Siegel received his Juris Doctor in 1969 from St. Mary's
University  Law  School.  Since 1969, Mr. Siegel has been a practicing attorney.
For  the  past  five  years, Mr. Siegel has worked with the law office of Yuen &
Associates,  located  in Houston, Texas. Prior to working for Yuen & Associates,
Mr.  Siegel  was  employed  with  the  Internal  Revenue Service, Tenneco, Inc.,
Superior Oil Company and Braswell & Paterson. Mr. Siegel serves as a director of
Golden  Triangle  Industries, Inc. (GTII), a public company traded on the Nasdaq
exchange,  and  serves  as  a  director  for  Signature  Motor  Cars,  Inc,  a
privately-held  company.


DIRECTOR  COMPENSATION

     Directors  receive  an annual issuance of 10,000 shares of SyndicationNet's
common stock for serving as directors of SyndicationNet and are repaid for their
expenses  incurred  for  serving  as  directors.

     SyndicationNet  pays  accounting  fees  to  the  Accelerated Group, Inc., a
private accounting firm owned by Cynthia White, SyndicationNet's Chief Financial
Officer.  SyndicationNet believes that it has paid less than $5,000 annually for
the  past  three  years  as  compensation  for  such  accounting  services.

EXECUTIVE  COMPENSATION

     Neither the officers nor directors of SyndicationNet have received any cash
compensation  or  cash  bonus  for  services  rendered  during 2002, 2001 and
2000.


<PAGE>

                           SUMMARY COMPENSATION TABLE

                                   Long-Term Compensation
                                   -----------------------------

          Annual  Compensation      Awards     Payouts
           -------------------      ------     -------
Name  and                            Restricted
Principal                            Stock
Position(s)  Year Salary($) Bonus($) Other($)  Awards(# shares)
                                   Compensation
- -----------   ----- -------- -------- ----------- -----------
Vance Hartke   2002              2,000 shares
               2001     0           0
               2000     0       10,000 shares*


*  Such  shares  were  issued  to  Mr.  Hartke  for his service as a director of
SyndicationNet.

SyndicationNet  does  not  have any long term compensation plans or stock option
plans.

EMPLOYMENT  AGREEMENTS

    SyndicationNet  has  not  entered into employment agreements with any of its
officers  or employees. All key employees serve in their positions until further
action  of  the  President  of  SyndicationNet  or  its  Board  of  Directors.

     The  officers  and  directors  of  SyndicationNet  intend to devote time to
matters  related  to  SyndicationNet  approximately  as  follows:

Vance Hartke    -  5% of his time         Mark Griffith    -   5%  of  his  time
Cynthia  White  -  5%  of  her  time      Mark  Solomon    -   15%  of his  time
Wayne  Hartke   -  15%  of  his  time     Howard  B.  Siegel  -  5% of  his time

CONSULTING  AGREEMENT

     SyndicationNet  ratified  a  corporate  services  consulting agreement that
Kemper  had  with  Source  Management  Services  ("Source  Management")  Brian
Sorrentino,  a  significant  shareholder of SyndicationNet, is the president and
sole  director  and  shareholder  of  Source Management. Source Management is to
oversee  the  general  activities  of  SyndicationNet and Kemper on a day to day
basis,  develop  and execute SyndicationNet's and Kemper's business plan, assist
in the preparation of audits, registration statements and for SyndicationNet the
listing of its securities on the OTC Bulletin Board. Specifically, the agreement
includes,  but  is  not  limited  to,  requiring  Source  Management

          -    to focus on the development and execution of the business plan in
               general which calls for the company to align itself by pact or
               joint venture with larger more established organizations in the
               industry in an attempt to move from a production based supplier
               of wood products to a broker based supplier of finished lumber
               goods,

          -    to assist in the arrangement of required audits for the
               preparation of a registration statement, oversee and prepare all
               documentation for a Rule 505 and/or a Rule 506 private placement,
               prepare all filings for a listing on the OTCBB

<PAGE>

          -    to act on behalf and legally bind and contractually obligate the
               company to any and all contracts, that in his sole discretion,
               are necessary and are interest of the pursuit of the company's
               business plan.

     The  consulting  agreement  will  terminate  seven  years  from its date of
execution.  Early  termination  of  the contract requires two-thirds vote of the
outstanding  shares  as  calculated at the time that the motion to terminate the
agreement  is  carried  by  the  existing  Board  of  Directors.

      For  the  fiscal year 2000, SyndicationNet has agreed to compensate Source
Management the greater of $150 per hour or $17,500 per month. Mr. Sorrentino has
waived  any  claims for consulting fees owed to him for the first nine months of
the fiscal year ended December 31, 2001. If and when SyndicationNet's securities
are  traded on any stock exchange, Source Management will receive 5% of the then
outstanding  shares  of  SyndicationNet's  common  stock.

     Source  Management is a sole proprietorship whose sole stockholder, officer
and  employee  is  Brian Sorrentino. In 1997, Mr. Sorrentino helped guide Kemper
from  a  production-based  wood  supplier to a broker-based supplier of finished
wood  products. Kemper has experienced growth on an average of 25% per year as a
result of the transition from wood production to wood brokerage.  Mr. Sorrentino
believes that his business and consulting background has enabled and will enable
him  to  continue  to  service  the  needs  of  Kemper  and  SyndicationNet. Mr.
Sorrentino's  business  background  and  other  consulting clients have included
companies  that  participate  in  the industries of wood manufacturing, chemical
manufacturing,  real-estate  development,  franchising,  dog  and  pet  food
manufacturing,  hotel  and  resort  management,  golf,  the  internet  and  rail
transportation.

FAMILY  RELATIONSHIPS

     Wayne  Hartke,  a member of SyndicationNet's Board of Directors, is the son
of  Vance Hartke. There are no other family relationships among SyndicationNet's
directors,  executive  officers  or  other persons nominated or chosen to become
officers  or  executive  officers.


<PAGE>


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

         The  following  table  sets forth, as of December 31, 2002, each person
known  by  the Company to be the beneficial owner of five percent or more of the
Company's  common stock and the directors and officers of the Company. Except as
noted,  the  holder thereof has sole voting and investment power with respect to
the  shares  shown.

                                              Shares of
                                            common stock
Name,  Position  and  Address            Beneficially  Owned (1)     Percent of
                                                                       Class
----------------------------------     -------------------------    ------------
Vance  Hartke                                    20,000                 (*)
President  and  director
7637  Leesburg  Pike
Falls  Church,  Virginia  22043

Mark  Griffith                                   20,000                 (*)
Secretary,  Treasurer  and  director
465  NE  3rd  Street
Boca  Raton,  Florida  33432

Cynthia  White                                   30,000                 (*)
Chief  Financial  Officer
7637  Leesburg  Pike
Falls  Church,  Virginia  22043

Mark  Solomon                                   104,000                 (*)
Director
901  South  Federal  Highway
Fort  Lauderdale,  Florida
22216

Wayne  Hartke                                   20,000                  (*)
Director
7637  Leesburg  Pike
Falls  Church,  Virginia  22043

Howard  B.  Siegel                              20,000                  (*)
Director
15902  South  Barker  Landing
Houston,  Texas  77079

Dale  Hill                                   4,708,366                 43.6%
5056  West  grove  Drive
Dallas,  Texas  75248

Brian  Sorrentino                            3,732,924                 34.5%
Consultant
PO  Box  484
Damascus,  MD  20872

All  Officers  and  Directors                214,000                  1.98%
as  a  group  (6  persons)
___________________
*  Represent  less  than  1%  of  the  outstanding  shares  of  SyndicationNet

(1)     Based upon 10,795,750 shares of SyndicationNet's common stock issued and
outstanding  as  of  December 31,  2002.

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     SyndicationNet.com  ratified  a corporate service consulting agreement that
Kemper  had with Source Management Services. Source Management is to oversee the
general  activities  of Kemper and SyndicationNet on a day to day basis, develop
and  execute  Kemper's  and  SyndicationNet's  business  plan,  assist  in  the
preparation  of audits, registration statements and assist SyndicationNet in the
listing  of  its securities on the OTC Bulletin Board. For the fiscal year 2000,
SyndicationNet.com  has  agreed  to  compensate Source Management the greater of
$150  per  hour  or  $17,500 per month .Mr. Sorrentino has waived any claims for
consulting  fees  owed to him for the first nine months of the fiscal year ended
December 31, 2001. If and when SyndicationNet.com's securities are traded on any
stock  exchange,  Source Management will receive 5% of the outstanding shares of
SyndicationNet.com's common stock. Mr. Sorrentino, the sole officer and director
of  Source Management Services and has a material interest in the transaction in
that  he  is  compensated  on a monthly basis and may, subject to the trading of
SyndicationNet's  securities,  receive  5%  of  the outstanding common shares of
SyndicationNet.

     During  the  period  covered by this Report, the Company has authorized the
<PAGE>

issuance, in October 2002, of 2,000 shares of the Company's common stock to each
of  its  officers  and directors for an aggregate issuance of 12,000 shares. The
Company also issued 1,000 shares of common stock to one individuals for services
rendered  to  the  Company at a value of $1.00 per share and 1,000 shares to Mr.
Hartke  as  consideration  for  office rental fees value at $1.00 per share. The
Company  believes  that  such  issuance was exempt from registration pursuant to
Section  4(2)  of  the  Securities  Act  of  1933.

     In  1999,  SyndicationNet  borrowed  an  aggregate  of  $105,000 from Brian
Sorrentino,  a  greater than 5% shareholder of SyndicationNet's common stock and
the  principal  of  Source  Management  Services.  SyndicationNet  executed  a
promissory  note  for  the loan amount at an interest rate of 12% per annum. The
loan, due March 3, 2000, has not been paid as of the date of this filing. In the
fiscal  year ended December 31, 2002, Mr. Sorrentino loaned an additional $4,000
to  the  Company so that the aggregate amount due to Mr. Sorrentino is $109,000.

   In  September  1999,  SyndicationNet  borrowed  $25,000  from Dr. Ratti Kenta
Dutta,  a  selling  securityholder. Dr. Dutta agreed to cancel his loan together
with  any  accrued  interest  in  exchange  for an aggregate of 38,000 shares of
SyndicationNet's  common  stock  which shares were issued to Dr. Dutta in August
2000.

     The  control  persons of Kemper Pressure Treated Forest Products, Inc. were
Dale  Hill,  who  owned  approximately  66%,  and  Brian  Sorrentino,  who owned
approximately  34%.  The controlling person and founder of Algonquin Acquisition
Corporation was its beneficial shareholder, James M. Cassidy. At the time of the
exchange  of  stock  with Kemper Pressure Treated Forest Products, Algonquin had
5,000,000  shares  outstanding  of  which  4,750,000  shares  were  redeemed and
cancelled  as  part  of the exchange. The remaining 250,000 shares were redeemed
and  cancelled  at  the  time  of  the  transaction with Generation Acquisition.


<PAGE>

     The  controlling  persons  of  Life2K.com,  Inc.  were  its directors Vance
Hartke,  Mark  Griffith,  Cynthia  White,  Mark Solomon, Wayne Hartke and Howard
Siegel  and  its  controlling  shareholders  Dale  Hill  and  Brian  Sorrentino.

     The  controlling  person  and founder of Generation Acquisition Corporation
was its beneficial shareholder, James M. Cassidy. At the time of the exchange of
stock  with Life2K.com, Inc., Generation Acquisition had 5,000,000 shares of its
common stock outstanding all of which were redeemed and cancelled except 250,000
retained  by TPG Capital Corporation, a corporation controlled by James Cassidy.
As  part  of  the  transactions  SyndicationNet has agreed to pay TPG Capital an
aggregate  of  $100,000  for  its  consulting services of which $65,000 has been
paid.

  A  consultant  and  10%  shareholder of SyndicationNet, Brian Sorrentino, owns
63.5%  of  the  outstanding  shares  of Tri-State and is a development agent and
general  partner  of  Tri-State. Tri-State owns the development contract to sell
franchises  of HCX salons in the territory of Maryland, Virginia, Washington and
Delaware.  Mark  Solomon,  a  director  of  SyndicationNet,  owns  8.3%  of  the
outstanding  shares  of  Tri-State.  Robert Green, a less than 5% shareholder of
SyndicationNet,  owns  9%  of  Tri-State. The investments were made by the above
stated individuals after September 19, 2000 which is when SyndicationNet entered
into  its  consulting  agreement  with  Tri-State.

   SyndicationNet pays accounting fees to the Accelerated Group, Inc., a private
accounting  firm  owned  by  Cynthia  White,  SyndicationNet's  Chief  Financial
Officer.  SyndicationNet believes that it has paid less than $5,000 annually for
the  past  three  years  as  compensation  for  such  accounting  services.

<PAGE>
ITEM 13.  CONTROLS AND PROCEDURES

     (a)     Evaluation of Disclosure Controls and Procedures.
             ------------------------------------------------

     Within the 90 days prior to the date of this Annual Report for the year
ended December 31, 2002, we carried out an evaluation, under the supervision and
with the participation of our management, including the company's Chairman and
Chief Executive Officer and the Principal Financial Officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures pursuant to Rule 13a-14 of the Securities Exchange Act of 1934 (the
"Exchange Act"), which disclosure controls and procedures are designed to insure
that information required to be disclosed by a company in the reports that it
files under the Exchange Act is recorded, processed, summarized and reported
within required time periods specified by the SEC's rules and forms.  Based upon
that evaluation, the Chairman and the Principal Financial Officer concluded that
our disclosure controls and procedures are effective in timely alerting them to
material information relating to the company (including our consolidated
subsidiaries) required to be included in the company's period SEC filings.

     (b)     Changes in Internal Control.
             ---------------------------

     Subsequent to the date of such evaluation as described in subparagraph (a)
above, there were no significant changes in our internal controls or other
factors that could significantly affect these controls, including any corrective
action with regard to significant deficiencies and material weaknesses.




<PAGE>
ITEM  14.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

         (a)  Exhibits

 (a)  Exhibits

     3.1      Certificate  of  Incorporation,  filed  with  the  registration
statement  of  Generation  Acquisition  Corporation  on  Form  10-SB  (file  No.
000-29701)  filed  with  the  Commission  and  incorporated  herein by reference

     3.2     Certificate  of  Ownership  and  Merger  previously  filed with the
Commission  as  an  exhibit  to  a  registration  statement  on  Form  SB2/A and
incorporated  by  reference

     3.3     By-Laws  of  the  Company, filed with the registration statement of
Generation Acquisition Corporation on Form 10-SB (file No. 000-29701) filed with
the  Commission  and  incorporated  herein  by  reference

     4.1     Agreement  and  Plan of Reorganization among Generation Acquisition
Corporation,  Life2K,  Inc.,  and the shareholders of Life2K, Inc. filed on Form
8-K with the Commission on November 6, 2000 and incorporated herein by reference

     4.2     Agreement  and  Plan  of  Merger  between  Generation  Acquisition
Corporation  and  Life2K  Acquisition  Corporation  filed  on  Form 8-K with the
Commission  on  November  6,  2000  and  incorporated  herein  by  reference

     4.3     Consulting agreement between SyndicationNet.com, Inc. and Tri-State
Metro  Territories,  LLC  dated September 19, 2000, filed with the Commission as
Exhibit  4.3 in a registration statement on Form SB-2 filed on February 13, 2001
and  incorporated  herein  by  reference

     10.1     Consulting  Agreement  between  Kemper  Pressure  Treated  Forest
Products  Inc.  and  Source  Management  Services  filed  with the Commission as
Exhibit  10.1  in a registration statement on Form SB-2 filed on October 5, 2001
and  incorporated  herein  by  reference

     10.2     Consulting  Agreement  between SyndicationNet and HTRG Consulting,
Inc.  previously  filed  with  the  Commission  as  an exhibit to a registration
statement  on  Form  SB2/A  and  incorporated  by  reference

     10.3     Asset  Purchase  Agreement between Kemper Pressure Treated Forest
Products, Inc. and Electric Mills Wood Preserving LLC, previously filed with the
Commission  as  an  exhibit  to  a  registration  statement  on  Form  SB2/A and
incorporated  by  reference

     10.4     Assignment  of  Lease  between  Kemper  Pressure  Treated  Forest
Products, Inc. and Electric Mills Wood Preserving LLC, previously filed with the
Commission  as  an  exhibit  to  a  registration  statement  on  Form  SB2/A and
incorporated  by  reference

     99.1 Certificate Pursuant to 18 USC Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002

     99.2 Certificate Pursuant to 18 USC Section 1350, as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002


     (b)  SyndicationNet  did  not  file any reports on Form 8-K during the
 fourth  quarter ended December 31, 2002.



<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.

                              SYNDICATION  NET.COM,  INC.

                                  By /s/ Vance Hartke
                                 ---------------------------
                                     Vance Hartke, President


                              By /s/ Cynthia White
                                ----------------------------
                                   Cynthia White, Chief  financial  officer

                              Date:  April 10, 2003


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

NAME                              OFFICE               DATE



/s/ Vance Hartke                Director               April 10, 2003
--------------------
   Vance Hartke

/s/  Mark Griffith
 -------------------            Director               April 10, 2003
 Mark Griffith

/s/ Mark Solomon
------------------
 Mark  Solomon                  Director               April 10, 2003

/s/ Wayne Hartke
------------------
 Wayne  Hartke                  Director               April 10, 2003

/s/ Howard B. Siegel
-----------------------
 Howard  B.  Siegel             Director               April 10, 2003






<PAGE>
                     SYNDICATION NET.COM, INC. AND SUBSIDIARY

                        CONSOLIDATED FINANCIAL STATEMENTS

                                DECEMBER 31, 2002








<PAGE>


<TABLE>
<CAPTION>






                                 C O N T E N T S

<S>                                                                                                             <C>

Independent Auditors' Report.................................................................................... 3

Consolidated Balance Sheet...................................................................................... 4

Consolidated Statements of Operations........................................................................... 5

Consolidated Statements of Stockholders' Equity (Deficit)....................................................... 6

Consolidated Statements of Cash Flows........................................................................... 7

Notes to the Consolidated Financial Statements.................................................................. 8




</TABLE>


<PAGE>


                          INDEPENDENT AUDITORS' REPORT


Board of Directors
Syndication Net.com, Inc. and Subsidiary
Falls Church, Virginia

We have  audited the  accompanying  consolidated  balance  sheet of  Syndication
Net.com,   Inc.  and  Subsidiary  as  of  December  31,  2002  and  the  related
consolidated  statements of operations,  stockholders' equity (deficit) and cash
flows  for the years  ended  December  31,  2002 and  2001.  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 audits.

We conducted our audits in accordance with auditing standards generally accepted
in the  United  States of  America.  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  consolidated  financial  statement  presentation.  We believe  that our
audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly,  in all  material  respects,  the  consolidated  financial  position  of
Syndication  Net.com,  Inc.  and  Subsidiary  as of  December  31,  2002 and the
consolidated  results  of their  operations  and their  cash flows for the years
ended  December  31,  2002 and 2001 in  conformity  with  accounting  principles
generally accepted in the United States of America.

The accompanying  consolidated  financial statements have been prepared assuming
the Company  will  continue as a going  concern.  As  discussed in Note 6 to the
consolidated  financial statements,  the Company has incurred significant losses
which have  resulted in an  accumulated  deficit and a deficit in  stockholders'
equity,  raising  substantial  doubt  about its  ability to  continue as a going
concern.  Management's  plans in regard to these  matters are also  described in
Note 6. The  consolidated  financial  statements do not include any  adjustments
that might result from the outcome of this uncertainty.




HJ & Associates, LLC
Salt Lake City, Utah
April 1, 2003


<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                           Consolidated Balance Sheet

<TABLE>
<CAPTION>

                                     ASSETS

                                                                                                   December 31,
                                                                                                       2002
<S>                                                                                                   <C>
CURRENT ASSETS

   Cash$                                                                                       $              31
   Accounts receivable, net (Note 1)                                                                           -
                                                                                               -----------------

     Total Current Assets                                                                                     31
                                                                                               -----------------

PROPERTY AND EQUIPMENT - NET (Note 2)                                                                          -
                                                                                               -----------------

     TOTAL ASSETS                                                                              $              31
                                                                                               =================


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable                                                                            $         179,314
   Notes payable - related party (Note 5)                                                                109,000
   Interest payable - related party (Note 5)                                                              47,989
                                                                                               -----------------

     Total Current Liabilities                                                                           336,303
                                                                                               -----------------

COMMITMENTS AND CONTINGENCIES (Note 3)

STOCKHOLDERS' EQUITY (DEFICIT)

   Preferred stock: 20,000,000 shares authorized of
    $0.0001 par value, no shares issued and outstanding                                                   -
   Common stock: 100,000,000 shares authorized of $0.0001
    par value, 10,795,750 shares issued and outstanding                                                    1,079
   Additional paid-in capital                                                                            805,748
   Accumulated deficit                                                                                (1,143,099)
                                                                                               -----------------

     Total Stockholders' Equity (Deficit)                                                               (336,272)
                                                                                               -----------------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                      $              31
                                                                                               =================


              The accompanying notes are an integral part of these
                       consolidated financial statements.

</TABLE>

<PAGE>
<TABLE>
<CAPTION>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                      Consolidated Statements of Operations


                                                                                     For the Years Ended
                                                                                         DECEMBER 31,
                                                                                  2002                2001
                                                                           ------------------  -----------------
<S>                                                                                 <C>                <C>

SALES

   Wood treatment revenue                                                  $        8,943,781  $       8,728,147
   Consulting                                                                          12,725            173,060
                                                                           ------------------  -----------------

     Total Sales                                                                    8,956,506          8,901,207
                                                                           ------------------  -----------------

COST OF GOODS SOLD                                                                  8,884,963          8,672,565
                                                                           ------------------  -----------------

GROSS MARGIN                                                                           71,543            228,642
                                                                           ------------------  -----------------

OPERATING EXPENSES

   Depreciation                                                                           910                910
   Bad Debt                                                                                 -             35,000
   General and administrative                                                          36,538            127,034
                                                                           ------------------  -----------------

     Total Operating Expenses                                                          37,448            162,944
                                                                           ------------------  -----------------

OPERATING INCOME                                                                       34,095             65,698
                                                                           ------------------  -----------------

OTHER EXPENSES

   Interest expense                                                                   (12,789)           (12,600)
                                                                           ------------------  -----------------

     Total Other Expenses                                                             (12,789)           (12,600)
                                                                           ------------------  -----------------

INCOME BEFORE INCOME TAXES                                                             21,306             53,098
                                                                           ------------------  -----------------

   Income tax expense                                                                       -                  -
                                                                           ------------------  -----------------

NET INCOME                                                                 $           21,306  $          53,098
                                                                           ==================  =================

BASIC INCOME PER SHARE                                                     $             0.00  $            0.01
                                                                           ==================  =================

WEIGHTED AVERAGE NUMBER OF SHARES
   OUTSTANDING                                                                     10,784,742         10,781,750
                                                                           ==================  =================

</TABLE>
              The accompanying notes are an integral part of these
                       consolidated financial statements.

<PAGE>
<TABLE>
<CAPTION>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
            Consolidated Statements of Stockholders' Equity (Deficit)



                                                   Preferred Stock              Common Stock            Additional
                                          -----------------------------  ---------------------------      Paid-in       Accumulated
                                              Shares         Amount          Shares        Amount         Capital          Deficit
                                          -------------   -------------  -------------  ------------   -------------  -------------
<S>                                           <C>           <C>            <C>             <C>           <C>            <C>

Balance, December 31, 2000                            -   $           -     10,781,750  $      1,078   $     791,749  $ (1,217,503)

Net income for the year ended
   December 31, 2001                                  -               -              -             -               -         53,098
                                          -------------   -------------  -------------  ------------   -------------  -------------

Balance, December 31, 2001                            -               -     10,781,750         1,078         791,749    (1,164,405)

Common stock issued for services
 at $1.00 per share                                   -               -         13,000             1          12,999              -

Common stock issued for debt at
 $1.00 per share                                      -               -          1,000             -           1,000              -

Net income for the year ended
 December 31, 2002                                    -               -              -             -               -         21,306
                                          -------------   -------------  -------------  ------------   -------------  -------------

Balance, December 31, 2002                            -   $           -     10,795,750  $      1,079   $     805,748  $ (1,143,099)
                                          =============   =============  =============  ============   =============  =============

</TABLE>
              The accompanying notes are an integral part of these
                       consolidated financial statements.


<PAGE>

<TABLE>
<CAPTION>


                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                      Consolidated Statements of Cash Flows


                                                                                     For the Years Ended
                                                                                         DECEMBER 31,
                                                                                  2002                2001
                                                                           ------------------  -----------------
<S>                                                                             <C>                  <C>

CASH FLOWS FROM OPERATING ACTIVITIES

   Net Income                                                              $           21,306  $          53,098
   Adjustments to reconcile net income to net cash
    provided (used) in operating activities:
     Bad debt                                                                               -             35,000
     Depreciation                                                                         910                910
     Common stock issued for services                                                  13,000             -
   Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable                                       616,523            (79,806)
     Decrease in accounts payable                                                    (672,013)           (18,331)
     Increase in accrued expenses                                                      12,789             12,600
                                                                           ------------------  -----------------

       Net Cash Provided (Used) in Operating Activities                                (7,485)             3,471
                                                                           ------------------  -----------------

CASH FLOWS FROM INVESTING ACTIVITIES                                                        -             -
                                                                           ------------------  -----------------

CASH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from notes payable - related party                                          4,000                  -
                                                                           ------------------  -----------------

       Net Cash Provided by Financing Activities                                        4,000                  -
                                                                           ------------------  -----------------

NET INCREASE (DECREASE) IN CASH                                                        (3,485)             3,471

CASH, BEGINNING OF YEAR                                                                 3,516                 45
                                                                           ------------------  -----------------

CASH, END OF YEAR                                                          $               31  $           3,516
                                                                           ==================  =================

SUPPLEMENTAL CASH FLOW INFORMATION

Cash Payments For:

   Income taxes                                                            $               -   $          -
   Interest                                                                $                -  $               -

Non-Cash Financing Activities

   Stock issued for services                                               $           13,000  $          -
   Stock issued in satisfaction of debt                                    $            1,000  $          -

</TABLE>

              The accompanying notes are an integral part of these
                       consolidated financial statements.

<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001



NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

              a.  Organization

              The  consolidated  financial  statements  presented  are  those of
              Syndication   Net.com,    Inc.   (formerly    Life2K.com,    Inc.)
              (Syndication)  and its  wholly-owned  subsidiary,  Kemper Pressure
              Treated Forest Products,  Inc.  (Kemper).  Collectively,  they are
              referred to herein as the "Company".  Syndication was incorporated
              under the name of Generation Acquisition Corporation  (Generation)
              on March  25,  1999  under the laws of the  State of  Delaware  to
              engage in any lawful act or activity.  Effective  August 16, 1999,
              Life2K.com,  Inc.  (Life2K) issued 16,200,000 shares of its common
              stock and 60,000 shares of its preferred stock in exchange for the
              issued and  outstanding  stock of Kemper.  Effective  October  13,
              2000,  pursuant to an Agreement and Plan of  Organization  between
              Generation   Acquisition   Corporation   and  Life2K,   Generation
              Acquisition   Corporation   issued   10,387,750   shares   of  its
              outstanding  common  stock for 100% of the  outstanding  shares of
              Life2K.  As part of the  transaction,  Life2K was merged  with and
              into Generation Acquisition Corporation,  Life2K was dissolved and
              Generation Acquisition Corporation changed its name to Syndication
              Net.com, Inc.

              Kemper was  incorporated on December 28, 1987 under the State laws
              of  Mississippi.  Kemper was  organized to procure,  buy, sell and
              harvest forest  products for treating poles,  conventional  lumber
              and wood  products,  as well as preserve and treat wood and forest
              products for sale in wholesale and retail markets.

              On  October  9,  1997,  Kemper  entered  into  an  asset  purchase
              agreement and lease assignment  under which it conditionally  sold
              all of its assets as well as  reassigned  its lease related to its
              manufacturing  enterprise.  From that time,  Kemper has acted as a
              retail   broker,   having   eliminated   virtually   all   of  its
              manufacturing capacity.

              At the time of the  acquisition of Kemper,  Life2K was essentially
              inactive, with no operations and minimal assets. Additionally, the
              exchange of Life2K's  common  stock for the common stock of Kemper
              resulted in the former stockholders of Kemper obtaining control of
              Life2K.  Accordingly,  Kemper  became  the  continuing  entity for
              accounting  purposes,  and the  transaction was accounted for as a
              recapitalization  of  Kemper  with no  adjustment  to the basis of
              Kemper's  assets  acquired  or  liabilities   assumed.  For  legal
              purposes, Life2K was the surviving entity.

              At  the  time  of  the  acquisition  of  Life2K,  Syndication  was
              essentially  inactive,  with no  operations  and  minimal  assets.
              Additionally,  the exchange of Syndication's  common stock for the
              common  stock of Life2K  resulted  in the former  stockholders  of
              Life2K  obtaining  control  of  Syndication.  Accordingly,  Life2K
              became the  continuing  entity for  accounting  purposes,  and the
              transaction was accounted for as a recapitalization of Life2K with
              no  adjustment  to  the  basis  of  Life2K's  assets  acquired  or
              liabilities  assumed.  For  legal  purposes,  Syndication  was the
              surviving entity.


                                       8
<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001


NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              b.  Accounting Method

              The Company's consolidated financial statements are prepared using
              the  accrual  method of  accounting.  The  Company  has  elected a
              December 31 year end.

              c.  Cash and Cash Equivalents

              The  Company  considers  all  highly  liquid  investments  with  a
              maturity  of  three  months  or  less  when  purchased  to be cash
              equivalents.

              d.  Accounts Receivable

              Accounts  receivable  consist of an amount due from one  customer.
              Accounts  receivable  are shown net of the  allowance for doubtful
              accounts. The allowance was $35,000 at December 31, 2002.

              e.  Basic Loss Per Share

              The computations of basic loss per share of common stock are based
              on the weighted average number of common shares outstanding during
              the period of the consolidated financial statements as follows:

                                                    For the Years Ended
                                                         DECEMBER 31,
                                                  2002                2001
                                           -------------------  ----------------

                Income (numerator)         $           21,306  $          53,098
                Shares (denominator)               10,784,742         10,781,750
                Per share amount           $             0.00  $            0.01


                                       9

<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001



NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              f. Recent Accounting Pronouncements (Continued)

              SFAS NO. 145 -- On April 30, 2002,  the FASB issued FASB Statement
              No. 145 (SFAS 145),  "Rescission of FASB Statements No. 4, 44, and
              64,   Amendment   of  FASB   Statement   No.  13,  and   Technical
              Corrections."  SFAS 145 rescinds  both FASB  Statement No. 4 (SFAS
              4), "Reporting Gains and Losses from  Extinguishment of Debt," and
              the  amendment  to  SFAS 4,  FASB  Statement  No.  64  (SFAS  64),
              "Extinguishments   of   Debt   Made   to   Satisfy    Sinking-Fund
              Requirements."  Through this  rescission,  SFAS 145 eliminates the
              requirement  (in both SFAS 4 and SFAS 64) that  gains  and  losses
              from the  extinguishment  of debt be aggregated  and, if material,
              classified as an extraordinary item, net of the related income tax
              effect. However, an entity is not prohibited from classifying such
              gains and losses as  extraordinary  items, so long as it meets the
              criteria in paragraph 20 of  Accounting  Principles  Board Opinion
              No. 30, Reporting the Results of Operations  Reporting the Effects
              of Disposal of a Segment of a Business, and Extraordinary, Unusual
              and Infrequently Occurring Events and Transactions.  Further, SFAS
              145 amends  paragraph 14(a) of FASB Statement No. 13,  "Accounting
              for Leases", to eliminate an inconsistency  between the accounting
              for  sale-leaseback  transactions and certain lease  modifications
              that have  economic  effects  that are  similar to  sale-leaseback
              transactions. The amendment requires that a lease modification (1)
              results  in  recognition  of the  gain or loss in the 9  financial
              statements,  (2) is subject to FASB Statement No. 66,  "Accounting
              for Sales of Real  Estate,"  if the  leased  asset is real  estate
              (including  integral  equipment),  and  (3)  is  subject  (in  its
              entirety) to the  sale-leaseback  rules of FASB  Statement No. 98,
              "Accounting for Leases: Sale-Leaseback Transactions Involving Real
              Estate,  Sales-Type Leases of Real Estate, Definition of the Lease
              Term,  and  Initial  Direct  Costs of  Direct  Financing  Leases."
              Generally,  FAS 145 is effective for transactions  occurring after
              May 15,  2002.  The Company  does not expect that the  adoption of
              SFAS 145 will have a material effect on its financial  performance
              or results of operations.

              SFAS NO.  146 -- In June  2002,  the  FASB  issued  SFAS No.  146,
              "Accounting for Exit or Disposal  Activities" (SFAS 146). SFAS 146
              addresses    significant   issues   regarding   the   recognition,
              measurement,  and reporting of costs that are associated with exit
              and disposal activities,  including restructuring  activities that
              are  currently  accounted  for  under  EITF No.  94-3,  "Liability
              Recognition for Certain  Employee  Termination  Benefits and Other
              Costs to Exit an Activity  (including  Certain Costs Incurred in a
              Restructuring)." The scope of SFAS 146 also includes costs related
              to  terminating  a  contract  that  is  not a  capital  lease  and
              termination   benefits  that   employees  who  are   involuntarily
              terminated   receive  under  the  terms  of  a  one-time   benefit
              arrangement  that  is not an  ongoing  benefit  arrangement  or an
              individual   deferred-compensation  contract.  SFAS  146  will  be
              effective for exit or disposal activities that are initiated after
              December  31,  2002  and  early  application  is  encouraged.  The
              provisions  of EITF No.  94-3 shall  continue to apply for an exit
              activity  initiated  under an exit plan that met the  criteria  of
              EITF No.  94-3 prior to the  adoption  of SFAS 146.  The effect on
              adoption of SFAS 146 will change on a prospective basis the timing
              of when the  restructuring  charges are recorded from a commitment
              date approach to when the liability is incurred.  The Company does
              not  expect  that the  adoption  of SFAS 146 will have a  material
              effect on its financial performance or results of operations.

                                       10

<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001




NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              f. Recent Accounting Pronouncements (Continued)

              SFAS NO. 147 -- In October 2002, the FASB issued Statement No. 147
              "Acquisitions of Certain Financial  Institutions - an amendment of
              FASB  Statements  No.  72 and 144 and FASB  Interpretation  No. 9"
              (SFAS  147).   SFAS  147   removes   acquisitions   of   financial
              institutions   from   the   scope   of  both   Statement   72  and
              Interpretation 9 and requires that those transactions be accounted
              for  in  accordance  with  FASB   Statements  No.  141,   Business
              Combinations,  and No. 142, Goodwill and Other Intangible  Assets.
              Thus, the  requirement in paragraph 5 of Statement 72 to recognize
              (and  subsequently  amortize)  any  excess  of the  fair  value of
              liabilities   assumed   over  the  fair  value  of  tangible   and
              identifiable  intangible  assets  acquired  as  an  unidentifiable
              intangible  asset no longer  applies  to  acquisitions  within the
              scope of this Statement.  In addition,  this Statement amends FASB
              Statement No. 144,  Accounting  for the  Impairment or Disposal of
              Long-Lived   Assets,   to   include   in   its   scope   long-term
              customer-relationship  intangible assets of financial institutions
              such as depositor- and borrower-relationship intangible assets and
              credit   cardholder   intangible   assets.   Consequently,   those
              intangible  assets are subject to the same  undiscounted cash flow
              recoverability   test  and   impairment   loss   recognition   and
              measurement  provisions  that  Statement  144  requires  for other
              long-lived  assets that are held and used.  SFAS 147 is  effective
              October 1, 2002.  The Company does not expect that the adoption of
              SFAS 147 will have a material effect on its consolidated financial
              statements.

              SFAS NO. 148 -- In  December  2002,  the FASB issued SFAS No. 148,
              "Accounting  for   Stock-Based   Compensation  --  Transition  and
              Disclosure"(SFAS  148").  SFAS 148 amends SFAS No. 123 "Accounting
              for Stock-Based Compensation" ("SFAS 123"), to provide alternative
              methods of  transition  for a  voluntary  change to the fair value
              based method of accounting for stock-based employee  compensation.
              In addition,  SFAS 148 amends the disclosure  requirements of SFAS
              123 to require  prominent  disclosures  in both annual and interim
              financial   statements   about  the  method  of   accounting   for
              stock-based  employee  compensation  and the  effect of the method
              used on reported  results.  SFAS 148 is effective for fiscal years
              beginning   after  December  15,  2002.  The  interim   disclosure
              provisions   are  effective  for  financial   reports   containing
              financial  statements for interim periods beginning after December
              15, 2002. The Company is currently  evaluating the effect that the
              adoption  of SFAS 148 will have on its results of  operations  and
              financial condition.

              g.  Property and Equipment

              Property and  equipment is recorded at cost.  Major  additions and
              improvements  are  capitalized.  The cost and related  accumulated
              depreciation  of  equipment  retired or sold are removed  form the
              accounts and any differences between the undepreciated  amount and
              the proceeds from the sale are recorded as gain or loss on sale of
              equipment. Depreciation is computed using the straight-line method
              over a period of five years.

                                       11
<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001



NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              h.  Provision for Income Taxes

              Deferred taxes are provided on a liability method whereby deferred
              tax assets are recognized for deductible temporary differences and
              operating  loss and tax  credit  carryforwards  and  deferred  tax
              liabilities  are  recognized  for taxable  temporary  differences.
              Temporary  differences  are the  differences  between the reported
              amounts of assets and  liabilities  and their tax bases.  Deferred
              tax  assets are  reduced by a  valuation  allowance  when,  in the
              opinion  of  management,  it is more  likely  that not  that  some
              portion or all of the  deferred  tax assets will not be  realized.
              Deferred tax assets and  liabilities  are adjusted for the effects
              of changes in tax laws and rates on the date of enactment.

              Net deferred tax assets consist of the following  components as of
              December 31, 2002 and 2001:

<TABLE>
<CAPTION>


                                                                                   2002                2001
                                                                            ------------------  ------------------
<S>                                                                              <C>                   <C>

              Deferred tax assets
                  NOL Carryover                                             $          642,400  $          655,779

              Deferred tax liabilities:                                                      -                   -

              Valuation allowance                                                     (642,400)           (655,779)
                                                                            ------------------  ------------------

              Net deferred tax asset                                        $                -  $                -
                                                                            ==================  ==================

              The income  tax  provision  differs  from the amount of income tax
              determined by applying the U.S.  federal income tax rate of 39% to
              pretax  income  from  continuing  operations  for the years  ended
              December 31, 2002 and 2001 due to the following:

                                                                                   2002                2001
                                                                            --------------------  ------------------

              Book income                                                   $            8,309  $           34,337
              Stock for services/options expense                                         5,070                   -
              NOL                                                                      (13,379)            (34,337)
                                                                            ------------------  ------------------

                                                                            $                -  $                -
                                                                            ==================  ==================
</TABLE>
              At  December  31,  2002,   the  Company  had  net  operating  loss
              carryforwards  of  approximately  $1,647,000  that  may be  offset
              against  future taxable income from the year 2002 through 2022. No
              tax  benefit  has  been   reported  in  the   December   31,  2002
              consolidated  financial statements since the potential tax benefit
              is offset by a valuation allowance of the same amount.

              Due to the change in ownership provisions of the Tax Reform Act of
              1986,  net operating  loss  carryforwards  for Federal  income tax
              reporting  purposes  are subject to annual  limitations.  Should a
              change in ownership occur, net operating loss carryforwards may be
              limited as to use in the future.

                                       12
<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001


NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              i.  Principles of Consolidation

              The consolidated financial statements include those of Syndication
and its wholly-owned subsidiary, Kemper.

              All  material  intercompany  accounts and  transactions  have been
eliminated.

              j.  Estimates

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

              k.  Advertising

              The  Company   follows  the  policy  of  charging   the  costs  of
              advertising  to expense as incurred.  Advertising  expense for the
              years  ended  December  31,  2001 and  2000  was  $-0-  and  $-0-,
              respectively.

              l.  Revenue Recognition Policy

              The Company recognizes its wood treatment revenue upon shipment of
              goods  to  the  customer.  At  this  time,  there  is  no  further
              obligation  of the  Company  to the  customer.  The  price  of the
              product  to the  customer,  at  the  time  of  shipment  has  been
              established,  and collectability is reasonably  assured.  Also the
              cost of the  product to the  Company is also  known.  The  Company
              reports its wood  treatment  revenue on a gross basis  because the
              Company  is acting as a  principal  and not an agent as defined by
              EITF99-19.

              The Company  entered  into a  consulting  agreement  (Note 3) with
              Tri-State Metro Territories,  Inc. (Tri-State).  The Company is to
              assist in the  management,  development,  sales,  and marketing of
              Tri-State's hair coloring salon units. The Company recognized this
              consulting  income  from  Tri-State  on a  monthly  basis for time
              actually spent  consulting.  The agreement  establishes the hourly
              billing rates. Collectability is reasonably assured.

              m.  Concentrations of Risk

              CONCENTRATION IN THE VOLUME OF BUSINESS TRANSACTED WITH A
              PARTICULAR SUPPLIER

              The Company  currently  engages the services of only one supplier,
              which provides 100% of its wood treating and procurement services.
              Although there are a limited number of manufacturers which provide
              wood treating and procurement  services,  management believes that
              other suppliers could provide these services on comparable  terms.
              A  change  in   suppliers,   however,   could  cause  a  delay  in
              manufacturing  and a possible  loss of sales,  which would  affect
              operating results adversely.

                                       13

<PAGE>


                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001




NOTE 1 -      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
              (Continued)

              m. Concentrations of Risk (Continued)

              CONCENTRATION IN THE VOLUME OF BUSINESS TRANSACTED WITH A
              PARTICULAR CUSTOMER

              The Company currently has one major customer for its wood products
              which  accounts  for  100%  of  its  wood  treatment  commissions.
              Although the Company is  continually  negotiating  contracts  with
              potential customers,  a loss of this customer could greatly affect
              the operating results of the Company.

              The Company has one major  customer  for its  consulting  services
              which accounts for 100% of its consulting  revenue. A loss of this
              customer could affect the operating results of the Company.

NOTE 2 -      PROPERTY AND EQUIPMENT

              Property and  equipment  consists of the following at December 31,
2002:

              Office equipment                         $           4,550
              Accumulated depreciation                            (4,550)
                                                       -----------------

              Net property and equipment               $               -
                                                       =================

              Depreciation  expense  for the years ended  December  31, 2002 and
              2001 was $910 and $910, respectively.

NOTE 3 -      COMMITMENTS AND CONTINGENCIES

              On May 18, 1999, the Company  entered into an agreement to acquire
              a reporting  United  States  corporation  with  audited  financial
              statements showing no material assets or liabilities.  The Company
              agreed  to  pay  $100,000  for  its  services  in  regard  to  the
              transaction. On October 13, 2000 this acquisition took place (Note
              1.) The  Company  has paid a total of $65,000  and has  accrued an
              additional $35,000 for legal fees.

              On April 7, 1999,  the  Company  ratified  its  corporate  service
              consulting  agreement  with  Source  Management   Services,   Inc.
              (Source),  a related  company owned by a significant  shareholder.
              Source is to oversee  the general  activities  of the Company on a
              day-to-day basis,  develop and execute a business plan, and assist
              in  other  ongoing  administrative  issues.  For  the  year  ended
              December  31,  2002,  the Company  agreed to pay Source a total of
              $1,000.  The Company has also agreed to award Source a bonus of 5%
              of the outstanding  shares of stock when the Company's  securities
              are traded on any United States stock exchange. The Company became
              listed on the OTC Bulletin Board on March 5, 2003


                                       14
<PAGE>
                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001



NOTE 3 -      COMMITMENTS AND CONTINGENCIES (Continued)

              On  September  19, 2000,  the Company  entered into a Services and
              Consulting  Agreement  with  Tri-State  Metro  Territories,   Inc.
              (Tri-State),  a business that sells franchised hair coloring salon
              units under the copyright name of  "haircolorxpress."  The Company
              was  retained  as   Tri-State's   consultant   to  assist  in  the
              development    of    management,    sales   and    marketing    of
              "haircolorxpress"   franchised  hair  coloring  salon  units.  The
              Company received a total of $12,725 during 2002 as a result of the
              consulting  agreement with Tri-State.  The agreement is for a term
              of twenty years with up to four, five-year extensions. The Company
              is currently in  negotiations  with a number of companies that are
              interested in entering into similar consulting agreements.

              On November 26, 2001,  Barry Pope ("Pope"),  individually and as a
              shareholder  of  Worldwide  Forest  Products,  Inc.  ("Worldwide")
              commenced an action against the Company,  Brian  Sorrentino,  Dale
              Hill,  Worldwide  Forest Products,  Inc.,  Kemper Pressure Treated
              Forest Products,  Inc.,  Life2k.com,  Inc., Algonquin  Acquisition
              Corp., Generation Acquisition Corp., Castle Securities Corporation
              and  John  Does  1-5,  in the  Circuit  Court of  Madison  County,
              Mississippi.  In such action,  Pope claims that stock he owned and
              commissions  owed to him by Worldwide  should have been  converted
              into shares of the common stock of the Company.

              Worldwide was a corporation  organized under the laws of the State
              of  Mississippi  that  operated as a wood  treatment  company that
              worked exclusively with creosite,  a wood treatment chemical,  for
              utility wood poles and products.  In 1997 the corporate charter of
              Worldwide expired and Worldwide no longer conducts operations.  In
              1996, Pope entered into a consent order  settlement with Worldwide
              arising from claims  brought by Pope against the former  President
              of  Worldwide  and  Worldwide,   David  Wise.   Pursuant  to  such
              settlement,  on November 8, 1996,  Pope received  30,000 shares of
              Worldwide common stock and received warrants, exercisable at $1.00
              per share, to purchase 200,000 shares of Worldwide common stock.

              Worldwide  never  completed a public  offering and, as such,  Pope
              alleges  losses  equal to the value of his  Worldwide  shares  had
              Worldwide completed a public offering, had such shares traded at a
              minimum  of $5.00  per  share  and had Pope  been able to sell his
              securities  equal to or in excess of $5.00.  Pope further  alleges
              that certain defendants guaranteed the obligations of Worldwide in
              the amount of  $2,060,000  and alleges  that all  shareholders  of
              Worldwide  were  provided an  opportunity  by Worldwide to convert
              shares of  Worldwide  common  stock into shares of common stock of
              the Company.

              Finally,  Pope alleges  that Brian  Sorrentino  orally  guaranteed
              payment to Pope in the amount of $200,000 representing commissions
              to be paid to Pope if and when Pope provided a $2,000,000 loan for
              Worldwide. Pope is seeking compensatory and punitive damages in an
              amount  to be  determined  at trial,  plus an award of  reasonable
              costs,   attorneys'   fees   and   expenses,   pre-judgement   and
              post-judgement interest, and any other relief to which Pope may be
              entitled.  The Company believes that Pope's claim is without merit
              and the Company has engaged  counsel to vigorously  defend against
              the action.


                                       15

<PAGE>

                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001



NOTE 4 -      PREFERRED STOCK

              The shareholders of the Company have authorized  20,000,000 shares
              of preferred  stock with a par value of $0.0001.  The terms of the
              preferred  stock are to be determined  when issued by the board of
              directors of the Company.

              On January 1, 2000, the remaining 60,000 Series A preferred shares
              were converted into common shares,  thus, at December 31, 2001, no
              preferred shares were outstanding.

NOTE 5 -      NOTES PAYABLE - RELATED PARTY

              Notes  payable to related  parties  consisted of the  following at
December 31, 2002:

              Note payable to a related party, due on demand, plus interest
              at 12% per annum, unsecured.
                                                            $         109,000

              Less: Current Portion                                  (109,000)
                                                            -----------------

              Long-Term Notes Payable to Related Parties    $          -
                                                            =================

              The  aggregate  principal  maturities  of notes payable to related
              parties are as follows:

                                  Year Ended
                                 December 31,                Amount
                               -----------------     ------------------
                                     2003             $         109,000
                                     2004                             -
                                     2005                             -
                                     2006                             -
                              2007 and thereafter                     -
                                                      -----------------

                                    Total             $         109,000
                                                      =================

              Interest expense for the year ended December 31, 2002 and 2001 was
              $12,789 and $12,600, respectively.

NOTE 6 -      GOING CONCERN

              The Company's consolidated 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.  The
              Company has historically  incurred  significant  losses which have
              resulted in an  accumulated  deficit of $1,143,099 at December 31,
              2002 which raises substantial doubt about the Company's ability to
              continue as a going concern.

              The accompanying  consolidated financial statements do not include
              any adjustments  relating to the recoverability and classification
              of  liabilities  that  might  result  from  the  outcome  of  this
              uncertainty.



                                       16

<PAGE>


                    SYNDICATION NET. COM, INC. AND SUBSIDIARY
                 Notes to the Consolidated Financial Statements
                           December 31, 2002 and 2001




NOTE 6 -      GOING CONCERN (Continued)

              It is  management's  intent  to seek  growth by way of a merger or
              acquisition.  It is the belief  that over the next 12 months  that
              Company  will  acquire  at  least  one  or  more  of   acquisition
              candidates.   The  acquisition  process  should  provide  capital,
              revenue and incomes as a result.  There is no  assurance  that the
              Company  will  be  successful  in its  acquisition  efforts  or in
              raising the needed capital.








                                       17


<PAGE>