===============================================================================
                       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
                                 March 31, 2001
                              --------------------
   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: 0-29693

                                 MSC GROUP, INC.
              (Exact name of small business issuer in its charter)

      Delaware                               52-2217569
--------------                               ----------
(State  or  other  jurisdiction  of        (I.R.S. Employer
Incorporation  or  organization)          Identification  No.)

                                29/31 Gul Avenue
                                 Singapore City
                                Singapore 629699
                    _________________________________________
               (Address of principal executive offices) (zip code)

                   Issuer's Telephone Number: 011 65 863 6626

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 __  No X .

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  contained  in  this  form,  and  no disclosure will be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB.  [X ]

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

State the aggregate market value of the voting and non-voting common equity held
by  non-affiliates computed by reference to the price at which the common equity
was  sold,  or  the  average  bid and asked price of such common equity, as of a
specified  date  within  the  past  60  days.                        $  0.

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  March  31,  2001
         ------------                     -----------------------------------
     Par  value  $0.0001                               20,500,000


Documents incorporated  by  reference:         None


<PAGE>
PART  I

                           FORWARD LOOKING STATEMENTS

     Certain  information  contained  in  this  Annual Report is forward-looking
statements  (within the meaning of Section 27A of the Securities Act of 1933, as
amended  and  Section  21E  of the Securities Exchange Act of 1934, as amended).
Factors  set  forth that appear with the forward-looking statements could ca use
the  Company's  actual  results to differ materially from those expressed in any
forward-looking  statements made by, or on behalf of, the Company in this Annual
Report.  Such potential risks and uncertainties include, but are not limited to,
the  risk  factors  contained  in  this Annual Report. The Company undertakes no
obligation  to  publicly  release  the  results  of  any  revisions  to  these
forward-looking  statements which may be made to reflect events or circumstances
occurring  after  the date here of or to reflect the occurrence of unanticipated
events.


ITEM  1.  DESCRIPTION  OF  BUSINESS

BACKGROUND

     MSC Group, Inc. was originally incorporated on March 24, 1999 as a Delaware
corporation  under  the  name  Eastward  Acquisition  Corporation  ("Eastward").
Eastward was formed to engage in a merger with or acquisition of an unidentified
foreign  or domestic private company which desired to become a reporting company
whose  securities  have  been  registered  under  the  Exchange  Act.

     On  December  29, 2000, pursuant to an Agreement and Plan of Reorganization
between  Eastward,  Milling  Systems  &  Concepts  Private  Limited  ("Milling
Systems"),  a Singapore corporation, and the owners of the outstanding shares of
Milling Systems, Eastward acquired all the outstanding shares of common stock of
Milling Systems from the shareholders thereof in an exchange for an aggregate of
20,000,000  shares of common stock of Eastward (the "Acquisition"). By virtue of
the  Acquisition,  Milling Systems became a wholly owned subsidiary of Eastward.
The  Acquisition was intended to qualify as reorganization within the meaning of
Section  368(a)(1)(B)  of  the  Internal  Revenue  Code  of 1986, as amended. In
connection  with  the Acquisition, Eastward repurchased, at par value, 4,500,000
shares  of  its  outstanding  common  stock,  the  prior officer and director of
Eastward  resigned, new officers and directors of the Company were appointed and
elected,  and  Eastward changed its name to MSC Group, Inc. ("MSC Group" or "the
Company  ").

     On January 17, 2001, MSC Group filed a Form 8-K reporting such exchange and
other  related  matters.

BUSINESS

     Milling Systems, a wholly-owned subsidiary of MSC Group, was established to
develop  manufacturing  solutions  and  concepts  for  use  by  the  machine
manufacturing  industry,  design  and service centers, mold and die industry and
jigs  and  tooling  manufacturers.  MSC  Group  has  developed  and is currently
beginning manufacturing of and distributing the MSC RP 2000 and MSC Molding 2000
machines,  used  by the manufacturing industry for the production of prototypes.
The  MSC RP 2000 and the Molding 2000 consist of proprietary software, hardware,
universal  card  interfaces,  high-speed  spindles,  linear  guides  and related
services.

     Milling  Systems  does  not have any sales, customers, or orders. MSC Group
has  recently  finished  the  beta testing of its products and is only beginning
marketing  these products. MSC Group's development and operations are subject to
the  risks  and  competition  inherent  in  the  establishment of a new business
enterprise.  MSC  Group  may  not  be  able  to  implement  its  business  plan
successfully  and  may not make a profit selling its products. MSC Group may not
be  able  to  continue  to  manufacture  the MSC System or it may not be able to
produce and sell its products economically or in sufficient quantities to enable
MSC  Group  to  continue  as  a  going  concern.


<PAGE>
THE  MSC  RP  AND  MOLDING  2000  MACHINES.

MSC  Group's  principal  product  is  the  MSC  System. The MSC System is a high
speed-milling  machine  capable  of producing a prototype, sample or specimen of
any  object from a 3-dimensional (3D) drawing within hours. These objects can be
made of wood, wax, plastic, light alloy or aluminum. The MSC System is comprised
of  a  machine in which a high-speed machining spindle is housed on a moving arm
and  a  revolving  table  mounted  with  a  rotary  guide,  universal electronic
interfaces,  proprietary  software and services. All components operate together
to  provide  a system for producing a product by machining directly from vector,
computer-assisted  design  (CAD)  and  postscript  image  files.  The  universal
electronic  interface is hosted on personal computers and functions to interface
the machine with the operator and user system. Interface software can be adapted
to  accommodate most user CAD files or manufacturing machines. The MSC System is
intended  to  eliminate  the problems of conventional manufacturing by producing
direct  machining  codes to rapid prototyping or milling machines. Control cards
and  software  produced  with  the  MSC System can be used with conventional and
older  manufacturing  equipment.  The  MSC  System  cards have an estimated life
expectancy  of  over 20 years and will be manufactured by an electronic contract
manufacturer  in  Singapore.

     MSC  Group  believes  that  the  MSC  System  is  a user-friendly prototype
production  system  providing a reliable, accurate and user-friendly alternative
to  competitive  products.  By  using the MSC System, the customer can eliminate
much  of  the  equipment,  floor  space,  operators and maintenance required for
conventional  prototyping  production. A basic MSC System, including a universal
interface  card,  control  systems  and a high speed-milling spindle retails for
approximately  $150,000. Other options like laser-infer meters, dynamometers and
encoders  can  be  added  for  an  additional  cost  of $10,000 to $30,000 each.

     The  MSC  Molding  2000  machine  is also a high speed-milling machine that
produces  a  mold  or  jig from plastic, light alloy or aluminum. Due to special
features,  the Molding 2000 can cut or mill and produce very small features that
the  traditional CNC (computerized numeric control) machines cannot execute. The
traditional  CNC  machines  can  only  produce  a  single  product  during  each
individual manufacturing run, and the machines have to be reprogrammed  for each
productive  cycle. This results in increased labor and the possibility of error.

     MSC  Group  intends  to  provide a 360-day warranty on all of its products.
Thereafter,  extended maintenance contracts will be offered at a typical rate of
7%  of the retail price per year. Maintenance service typically includes phone
support,  preventative  maintenance, spare parts, software upgrades, and on-site
service calls. In most cases, MSC Group will provide spare parts, phone support,
software  upgrades  and  technical  support  and rely on a third party technical
representative  to  provide  on-site  service.

MANUFACTURING

     MSC  Group intends to use a Taiwan manufacturing company to manufacture the
MSC  RP  and  Molding  units, internal modules, and spare parts at their factory
located  in  Taichung,  Taiwan on an "as required" basis. MSC Group has at least
one  vendor  for  all  components  and  multiple  vendors for most components it
utilizes.  The loss of a supplier for any item manufactured by or purchased from
such  vendor could have a material adverse effect on MSC Group's operations. The
universal interface card is based on the standard personal computer platform and
consists  of  a combination of standardized and customized hardware and software
modules.  With  the  exception  of  the universal interface board (which links a
computer  to  the  machine),  MSC  Group  has  several sources for all purchased
components  within  the  MSC  interface  configuration.

     MSC  Group  currently has one reliable vendor for the control and interface
board,  and plans to eliminate this board in the near future by developing a new
feature to allow the interface cards to be plugged into the printer connector of
a standard personal computer. Until the development of this technology, the loss
of  the  supplier of the interface board could have a material adverse effect on
MSC  Group's  operations.  A continued supply of control cards is crucial to the
success  of  MSC Group's business. Without control or interface cards, customers
will not able to use the equipment and the services and software supplied by MSC
Group.  The loss of the supply of control cards and other electronic parts would
have  a  material  adverse  effect  on  MSC  Group  's  operations.

<PAGE>
SUBSIDIARY  OF  MSC  GROUP,  INC:

1.  Milling  Systems  &  Concepts  Private  Limited

SUBSIDIARIES  OF  MILLING  SYSTEMS  &  CONCEPTS  PRIVATE  LIMITED.

1.  MSC  Technologies  Private  Limited;
2.  MSC  Getech  Private  Limited;
3.  MSC  Solar  Systems  Private  Limited;
4.  MSC  Ventures  Group  (S)  Private  Limited;
5.  MSC  Rapid  Prototyping  (S)  Private  Limited
6.  MSC  Industries  (Shanghai)  Co.,  Limited;
7.  MSC  Logistics  Technologies  (Beijing)  Co.,  Limited;
8.  MSC  Design  Private  Limited;
9.  I-MSC.COM  Private  Limited

<TABLE>
<CAPTION>

Subsidiaries                                        PRINCIPAL ACTIVITIES
-----------------------------------------------------------------------------------------------------------
<S>                                                          <C>
MSC Technologies Pte Ltd              Formed on November 14, 2000 for the development of software and
                                      multimedia works.
-----------------------------------------------------------------------------------------------------------
MSC GeTech Pte Ltd                    Formed on April 14, 2001 to develop manufacturing solutions and
                                      concepts for use by the machine manufacturing industry, design and
                                      service centers, mold and die industry and jigs and tooling
                                      manufacturers.
-----------------------------------------------------------------------------------------------------------
MSC Solar Systems Pte Ltd             Formed on June 7, 2001 to perform research, development and
                                      commercialization of energy inventions.
-----------------------------------------------------------------------------------------------------------
MSC Ventures Group (S) Pte Ltd        Formed on July 7, 2001 to carry on the business of venture capital
                                      funding and asset management.
-----------------------------------------------------------------------------------------------------------
MSC Rapid Prototyping (S) Pte Ltd     Formed on August 16, 2001 for the manufacturing, development and
                                      production of a sample or model of all types of industrial
                                      products, machinery, equipment or devices and other ancillary
                                      activities, appliances and services in connection therewith.
-----------------------------------------------------------------------------------------------------------
MSC Industries (Shanghai) Co. Ltd.    Formed on April 19, 2001 to develop and manufacture die, molds,
                                      tools, jigs and fixtures.
-----------------------------------------------------------------------------------------------------------
MSC Logistics Technology (Beijing)    Formed on June 28, 2001 to provide logistics and consulting
Co. Ltd                               Services and the development of software.
-----------------------------------------------------------------------------------------------------------
MSC Design Pte Ltd                    Formed on August 16, 2001 to design, develop, manufacture, produce,
                                      sell and distribute appliances.
-----------------------------------------------------------------------------------------------------------
I-MSC.COM Pte Ltd                     Formed on July 7, 2001 to provide internet services and to develop,
                                      integrate and deliver enterprise-wide business intelligent
                                      solutions and software applications.
-----------------------------------------------------------------------------------------------------------


     For  the  year ended  March 31, 2001, none of the subsidiaries of MSC Group
have  generated  revenues.  Subsequent to March 31, 2001 only MSC Design Pte Ltd
and  I-MSC.com  Pte  Ltd  have  generated  revenues.


</TABLE>

<PAGE>

MARKETING

     Companies  which  use  computer  based  engineering drawings, documents, or
records for design, function testing and visualization purposes for new products
are  considered  prime  prospects  for the MSC System, regardless of the type of
system  used  for  creating or accessing the information. MSC Group believes the
market  for  the  MSC  System  is  sizeable  as manufacturing companies generate
engineering  drawings  and  have requirements for a quick roll out of prototypes
before  manufacturing.  MSC  Group  also  believes  the  need  for  a  quick
implementation  from  ideas  to  products  will  continue to grow as advances in
technology  progress  with  consumer  demands  for  newer and more sophisticated
products.  MSC  Group  anticipates  its  customers  to  be  generally  large
manufacturers  or  utility  companies  that  produce  complex  mechanical  and
electrical  products  in  industries,  including  the  automobile,  aerospace,
shipbuilding,  gas  and  oil,  railroad, defense, and road construction. Many of
these  companies  use  CAD  drawings  for  the  design  and prototyping of their
products.

CUSTOMERS

     MSC Group has completed the final phase of beta testing of the MSC machines
and  software.  Presently  it  has  one user of its products, a design and rapid
prototyping  center  in  Taiwan, which uses the machines for functional tests of
their  capability  and software friendliness. MSC Group anticipates that it will
expand  its  customer  base  to  include new customers. However, there can be no
assurance  that  MSC  Group  will  attract  customers, or that existing customer
relationships  will  continue.

COMPETITION

     MSC  Group faces both indirect and direct competition. Indirect competition
presents  itself  in  the  form  of  paper  plotters,  laser equipment and other
products,  which  can be used as part of the conventional prototyping production
process.  Direct  competitors  are  manufacturers  of  equipment,  which produce
similar  process  machines.  These  include  3D  Systems,  Stratasys  or Soligen
(produced  in  USA),  Toshiba  and  Hitachi  (produced in Japan), and EOS sinter
station  (produced  in  Germany).  The  rapid  prototyping manufactured by these
companies  use  other  methodology  and  development  processes  that  MSC Group
believes  are  more  complex, larger, heavier, less accurate, and more expensive
than the MSC System. MSC Group believes that users of rapid prototyping machines
must  plan on the evolution of new methods of making prototypes, which will need
to  be  supported  by  new  technology,  hardware  controllers,  standards,
specifications,  and  software modules. Further, MSC Group believes that neither
the  rapid  prototyping  industry nor the technology will become obsolete easily
because  there is a pressing need for large manufacturers to utilize advancement
in new technology. However, there can be no assurance that newer technology will
not be developed that will supplant MSC Group's products and reduce or eliminate
their  market.

REGULATION

     MSC Group's business is not subject to any special regulatory regime, other
than  general  laws  and  regulations, such as employment and safety regulations
that  apply generally to manufacturers and distributors of industrial equipment.
United  States  and  Taiwan  laws  and  regulations  regarding  importation,
exportation,  and  customs  will  apply  to  any  units  imported from Taiwan or
elsewhere.

EMPLOYEES

     As  of  February  1,  2002,  MSC  Group  had  50 full time employees and 10
part-time  employees.

PATENTS,  TRADEMARKS  AND  LICENSES

     MSC  Group  applied  to  the  United States Patent Office for 3 Provisional
patents in March 2001. The references are 60/275,497- A Method and Apparatus for
producing  a Prototype; 60/275,497- A Prototype Production System and Method and
60/275,873-  A  Data  Processing  System  for  implementing  an  Exchange.

     In  October  2001,  MSC Group filed non-provisional patents for the above 3
provisional  patents  to  the  United  States  Patent  Office.

      There  can  be  no  assurance  that efforts to perfect the patents will be
successful. Failure to perfect the patents may have a material adverse effect on
MSC  Group's  business.  MSC Group intends to arrange to license other necessary
technologies  if  so  required. There is no assurance that third party licensing
will  be  successful and the failure to do so may have a material adverse effect
on  MSC  Group's  business.

NO  PUBLIC  TRADING  MARKET

     MSC  Group  intends to take the steps required to cause its common stock to
be  admitted to quotation on theNASD OTC Bulletin Board or, if it then meets the
financial  and  other  requirements  thereof,  on  the  Nasdaq  SmallCap Market,
National  Market  System  or  regional  or  national  exchange.

ITEM  2.  DESCRIPTION  OF  PROPERTY

     MSC  Group leases 10,000 square feet for its executive offices at 29/31 Gul
Avenue,  Singapore  City,  Singapore  629699. Its telephone number is 011 65 863
6626  and its telecopy number is 011 65 86 3 6606. The lease expires on December
31,  2001.  The  lease  rate, as of November 1, 2001, was $ 5,540 per month. MSC
Group  leases an additional  10,000 square feet of office and warehouse space at
29/31  Gul  Avenue  to  store parts, conduct engineering operations, and perform
small-scale  assembly and administrative tasks in support of the MSC System. The
lease  rate  for  this  additional space, as of October 1, 2001, was $10,000 per
month.  MSC  Group  is  currently negotiating with its lessor to renew its lease
and  MSC  Group  believes that it will be successful in its efforts to secure an
extension  of  its  lease.

     MSC  Group  maintains  an Internet Web site at http://www.msc.com.sg and at
http://www.mscgroup-usa.com. MSC Group launched its business-to -business portal
at www.i-msc.com  in  May  2001.
   -------------

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

     There  is  no  litigation  pending  or  threatened by or against MSC Group.

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.

PART  II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

     There  is  currently  no  public  market  for  the securities of MSC Group.

     MSC  Group  is  authorized  to  issue 100,000,000 shares of common stock at
$.0001  par  value.  MSC  Group,  previously  known  as  Eastward  Acquisition
Corporation  issued  5,000,000  shares of common stock at inception. On December
29,  2000,  the  Company issued 20,000,000 shares to acquire all the outstanding
shares  of  MSC  Group and its wholly owned subsidiary. In conjunction with this
acquisition the Company repurchased 4,500,000 shares from its previous principal
shareholder  for  $450  and  subsequently  retired  such  shares.  As  a  result
20,500,000  shares  of  common  stock  were  outstanding  at  March  31,  2001.

     MSC  Group  intends to take the steps required to cause its common stock to
be admitted to quotation on the NASD OTC Bulletin Board or, if it then meets the
financial  and  other  requirements  thereof,  on  the  Nasdaq  SmallCap Market,
National  Market  System  or  regional  or  national  exchange.

HOLDERS

     As  on  December  15,  2001 MSC Group had 21,718,300 shares of common stock
outstanding held by 533 shareholders. Between April 2001 and September 2001, MSC
Group  issued  1,218,300  shares  at  $1.00  per  share to 490 new shareholders.

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

     The  following  discussion  is  intended  to  provide  an  analysis  of MSC
Group's  financial  condition  and  results  of operations and should be read in
conjunction  with  MSC  Group's  financial statements and its related notes. 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  MSC  Group,  trends  in  the  results  of  MSC  Group's  development,
anticipated  development  plans,  operating  expenses  and  MSC  Group's
anticipated  capital  requirements  and  capital  resources.  MSC Group's actual
results  could  differ  materially  from  the  results  discussed  in  the
forward-looking  statements.

     Although  MSC  Group  believes  that  the  expectations  reflected  in  the
forward-looking  statements  and  the assumptions upon which the forward-looking
statements are based are reasonable, these expectations and assumptions  may not
prove  to  be  correct.

GENERAL

     MSC  Group,  Inc.  is a holding company whose subsidiary, Milling Systems &
Concepts Private Limited, has been operating for nearly 2 years. Milling Systems
&  Concepts  Private Limited was formed and registered on December 31, 1999 as a
limited  liability company under the Companies Act of the Republic of Singapore.
Milling  Systems & Concepts Private Limited has 7 subsidiaries registered in the
Republic  of  Singapore  and another 2 subsidiaries incorporated in the People's
Republic  of  China  between  January  2001  and  August  15,  2001.

              MSC Group anticipates  that  it  may expand its operations through
the  development  of  its  own  marketing  and sales and through acquisitions of
similar  or  related  companies.  MSC  Group  is  currently  in discussions with
several  companies with  similar  concepts  for  possible  acquisitions or other
business  alliances.  MSC  Group  is  in  the  process  of  analyzing  such  a
transaction  but  has  not  yet  entered  into  any  agreements  to  proceed.

Protolex  LLC

     On  September  19,  2001  MSC Group executed a joint venture agreement with
Protolex  LLC  ("Protolex"), located in Washington D.C. to jointly develop a new
motion  controller  for  new  generation milling and rapid prototyping machines.
The  agreement  is  effective  for  90  days  from the date of execution and the
agreement may be superceded by other agreements within the 90 day time frame and
may be extended based upon mutual consent of both parties.  On January 23, 2002,
both  parties  executed  an  extension  of  the original agreement for one year.
Protolex is the manufacturer/producer of state of the art electronic engineering
equipment. Prolotex will complete the design and development of a commercial use
motor  control  system according to MSC Group's specification and MSC Group will
fund  the project with $200,000. Upon the down payment of $50,000, Protolex will
provide  MSC  Group  with  a  detailed  project  development  plan  to  meet the
three-month  completion  date  requirement of producing a working prototype. MSC
Group  paid  Protolex the $50,000 in October 2001. MSC Group will be responsible
for  the  final  integration  and  mass  production  of the commercial units. In
accordance with the agreement, each party will own its own intellectual property
for  the  effort.  Additionally,  MSC  Group will grant Protolex a non-exclusive
license  to sell the product for a sales fee of 12%. The agreement also provides
MSC Group the ability to invest up to $8 million in Protolex, representing up to
a  30% ownership of Protolex, given the occurrence of certain events, as defined
in  the  agreement.  Specifically,  the  agreement requires MSC Group to make an
initial  investment  in  Protolex  during  2001 amounting to $2 million and a $2
million  investment  during  2002. MSC Group did not make the initial investment
during  2001.

MSC  Technologies  Private  Limited

        On  November  4,  2001 MSC Technologies Private Limited, a subsidiary of
Milling Systems, received an incentive grant from the Productivity and Standards
Board  of  Singapore  amounting  to  $385,000.  The  grant is to be used for the
research and development of a Rapid Prototyping machine from January 20, 2001 to
June  20,  2002.  MSC  Group  believes  that  the  potential  sales of the rapid
prototyping  machines  can  substantially  contribute to MSC Group's earnings by
2003. However the present weak global business climate could hinder the sales of
such  machines  in  the  near  future.

     During  2001,  MSC  Group  launched  a  series  of research and development
projects  in Singapore with the intention to develop several key technologies in
the  milling  and  rapid  prototyping  industry.

     During  May  2001,  MSC  Group  enlarged  its Internet web site in order to
participate  in the worldwide trend towards more electronic trade.  The web site
is  located  at www.mscgroup-usa.com  and www.i-msc.com.
                --------------------      -------------

     Expanding  its  product  range  requires MSC Group Inc to make considerable
investments  in  research  and  development,  and  penetrating  markets  outside
Singapore  which  also  involves  heavy expenses.  MSC Group  intends to develop
the  following  products  between  2001  and  2003:  audio  and  video products,
motion  controller  cards, wireless PDAs and e-tablets, interacting software for
machine  to  machine  communication.

      MSC  Group  intends  to  spend  funds,  when and if available, if ever, on
commencing  production  and  marketing  of  new  products, construction of a new
manufacturing  and  office  complex,  new equipment  and upgrading it's existing
facilities.

     MSC  Group  intends  to apply for listing on the NASD OTC Bulletin Board or
for  quotation  of  its  securities on the Nasdaq SmallCap Market if and when it
qualifies.  MSC  Group  anticipates  that it will offer additional shares of its
common stock to the public  with  a  view toward raising additional capital with
which  to  effect  its development  plans.  Management also believes that if MSC
Group  Inc  is  able  to establish  a  public  trading  market  on  the NASD OTC
Bulletin  Board  or  Nasdaq SmallCap  Market  which  will  increase  MSC Group's
visibility  to  the  manufacturing  and  additional  potential  customers.

OVERVIEW
--------

     The  strategic  objectives  of  MSC  Group  are  as  follows:

     -  To  develop  high  tech  products, including:  a unique motor controller
system  and  interface  cards  for  high  speed  milling machines, an electronic
business-to-business exchange providing a one stop manufacturing supply chain on
the  web,  and state of art engineering and information technology solutions for
the  manufacturing  industry  in  the  year  2001  to  2002;

     - To increase its share of the local manufacturing market in Singapore from
$  0.1 million in the year 2002 to a yearly growth  of 15% per annum in the year
2004;

     - To be able to take a substantial international market share in the
milling and  rapid  prototyping machine sales as well as retro-fitting sales
in the year 2002;

     -  To  extend  activity  in  the  international  design  and  rapid
prototyping  market  from  approximately  $0.1  million in 2001 to approximately
$15.0  million  per  annum  in  the  year  2004.

     -To  be  able  to  enter  into  the  electronic  commerce  business  the
manufacturing of audio, video, appliances and automobile equipment,  utilizing a
patent  pending  business  model  on  the  internet;

RESULTS  OF  OPERATIONS
-----------------------

Milling  Systems  does  not  have any sales, customers, or orders. MSC Group has
recently  finished  the  beta  testing  of  its  products  and is only beginning
marketing  these products. MSC Group's development and operations are subject to
the  risks  and  competition  inherent  in  the  establishment of a new business
enterprise.  MSC  Group  may  not  be  able  to  implement  its  business  plan
successfully  and  may not make a profit selling its products. MSC Group may not
be  able  to  continue  to  manufacture  the MSC System or it may not be able to
produce and sell its products economically or in sufficient quantities to enable
MSC  Group  to  continue  as  a  going  concern.

THE  YEAR  ENDED  MARCH 31, 2001 COMPARED TO THE PERIOD FROM DECEMBER 31, 1999
(INCEPTION)  THROUGH  MARCH  31,  2000.

MSC  Group  had  no  revenue  for  the period from December 31, 1999 (Inception)
through  March  31,  2000. MSC Group's selling, general and administrative costs
of  $26,277  were  primarily  incurred  for  pre-operating  expenditures.

For  the  fiscal  year ended March 31, 2001, the net loss of $912,448 was due to
MSC  Group's  selling, general and administration expenses of  $912,448. For the
fiscal  year  ended  March  31,  2001,  MSC  Group  incurred selling general and
administrative  expenses  of  $912,448 which was primarily comprised of salaries
expense  of  $220,981,  professional  fees  of  $307,055,  traveling expenses of
$155,200  and  rent  expenses  of  $65,600.  The  remaining selling, general and
administrative  expenses  of $163,612 are comprised of various other general and
administrative  expenses.

LIQUIDITY  AND  CAPITAL  RESOURCES

MSC Group's consolidated financial statements as of and for the year ended March
31,  2001,  have  been prepared assuming that MSC Group will continue as a going
concern.  MSC  Group  has  accumulated losses from operations of $938,725 and an
operating  cash  flow  deficiency  of  $874,139  as  of  March  31,  2001. These
conditions  raise  substantial  doubt about MSC Group's ability to continue as a
going  concern.

MSC  Group  activities  have thus far been  financed by the sales of its  common
stock.  MSC  Group  had  positive  working capital (current assets less  current
liabilities)  of  $142,426  as  of  March  31,  2001.

MSC  Group  anticipates  total  research  and  development expenses for 2002 and
2003  of  approximately  $3,950,000  and  $3,250,000  respectively.  MSC  Group
anticipates that in the year 2003 research and development expenses will drop to
approximately  $350,000  because  the  development  of  these products will have
been  completed.   MSC  Group  will  work  in  the  development  of  the  motion
controller  cards.  MSC  Group  anticipates  that  these  products  will  be
approximately  20%  in  production  in  the  year  2002  increasing  to  full
production  by the year 2005.  MSC Group  anticipates  that  in  order  to  fund
the  research  and  development for these products,  it  may  effect an offering
of  its  equity securities.  If MSC Group is unable to effect an offering of its
securities,  it  may  fund  its research and  development  through its operating
funds.  In  such  event,  the timing of its anticipated research and development
and  subsequent  production  schedule  would  be  slowed.

For  the  fiscal  year  ended  March  31,  2001,  net  cash  used  in  operating
activities  was  $874,139,  and  was  primarily  due  to an increase  in accrued
liabilities  of  $105,068 and other receivables of  $81,368, and a net operating
loss  of  $912,448. The increase in accrued liabilities of $105,068 is primarily
due to the increase in accounts payable of approximately $44,000, an increase in
accrued salaries of approximately  $21,000  and an increase in amounts due
officers and directors of approximately $40,000. The increase in other
receivables of $81,368 is primarily attributable  to  an  increase  in  advances
to  employees  and  directors of approximately  $74,000.

For the fiscal year ended March 31,  2001, net cash used in investing activities
was  $95,241.  This  resulted  from  the  Company's  purchases  of  additional
property.

For  the  fiscal  year  ended  March  31,  2001,  net cash provided by financing
activities  was  $1,151,702  resulting  from  the  sale  of  our  common  stock.

The  Company anticipates raising additional capital through the issuance of debt
and/or  equity securities.  Additionally, management anticipates that operations
which  will  commence  in  the  fiscal  year ending March 31, 2002 will generate
profits  to  absorb  overhead  expenses.

The  Financial  Accounting  Standards  Board  has  recently  issued  several new
accounting  pronouncements.  Statement No. 133, as amended by Statements No. 137
and  138,  "Accounting  for  Derivative  Instruments  and  Hedging  Activities"
establishes  accounting  and  reporting standards for derivative instruments and
related  contracts  and hedging activities.  This statement is effective for all
fiscal  quarters  and  fiscal  years  beginning  after  June  15,  2000.

MSC  Group  believes that its adoption of these pronouncements will not have any
effect  on  the  Company's  financial  position  or  results  of  operations.


ITEM  7.  FINANCIAL  STATEMENTS



                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)

<TABLE>
<CAPTION>
                                    CONTENTS
                                    --------


<S>        <C>     <C>
PAGE        1  INDEPENDENT AUDITORS' REPORT

PAGE        2  CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 2001

PAGE        3  CONSOLIDATED STATEMENTS OF OPERATIONS AND
               COMPREHENSIVE LOSS FOR THE YEAR ENDED MARCH 31,
               2001 AND FOR THE PERIODS FROM DECEMBER 31, 1999
               (INCEPTION) TO MARCH 31, 2000 AND DECEMBER 31, 1999
               (INCEPTION) TO MARCH 31, 2001

PAGE        4  CONSOLIDATED STATEMENT OF CHANGES IN
               STOCKHOLDERS' EQUITY FROM DECEMBER 31, 1999
               (INCEPTION) TO MARCH 31, 2001

PAGE        5  CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE
               YEAR ENDED MARCH 31, 2001 AND FOR THE PERIODS
               FROM DECEMBER 31, 1999 (INCEPTION) TO MARCH 31, 2000
               AND DECEMBER 31, 1999 (INCEPTION) TO MARCH 31, 2001

 PAGES   6-11  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF
               MARCH 31, 2001
</TABLE>

<PAGE>


                          INDEPENDENT AUDITORS' REPORT
                          ----------------------------

To  the  Board  of  Directors  of:
MSC  Group,  Inc.
(A  development  stage  company)

We  have  audited the accompanying consolidated balance sheet of MSC Group, Inc.
and  subsidiaries  (a  development  stage  company) as of March 31, 2001 and the
related consolidated statements of operations and comprehensive loss, changes in
stockholders'  equity  and  cash flows for the year ended March 31, 2001 and for
the  periods  from  December 31, 1999 (inception) to March 31, 2000 and December
31,  1999  (inception)  to  March  31, 2001.  These financial statements are the
responsibility  of the Company's management. Our responsibility is to express an
opinion  on  these  financial  statements  based  on  our  audits.

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

In  our opinion, the consolidated financial statements referred to above present
fairly,  in all material respects, the financial position of MSC Group, Inc. and
subsidiaries  as of March 31, 2001 and the results of their operations and their
cash  flows  for the year ended March 31, 2001 and for the periods from December
31,  1999  (inception)  to  March  31, 2000 and December 31, 1999 (inception) to
March  31,  2001, in conformity with accounting principles generally accepted in
the  United  States  of  America.

The  accompanying  consolidated financial statements have been prepared assuming
that  the  Company  will continue as a going concern.  As discussed in Note 8 to
the  financial  statements,  the  Company's  accumulated  losses of $938,725 and
accumulated  operating  cash flow deficiency of $874,137 raise substantial doubt
about  its ability to continue as a going concern.  Management's Plan in regards
to  these  matters is also described in Note 8.  The financial statements do not
include  any adjustments that might result from the outcome of this uncertainty.



WEINBERG  &  COMPANY,  P.A.


Los  Angeles,  CA
August  8,  2001, except for Note 9(c) and (d)
which is as of November 4, 2001

                                    -1-

<PAGE>
                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEET
                              AS OF MARCH 31, 2001
                            ------------------------
<TABLE>
<CAPTION>
                                            ASSETS
                                            ------


<S>                                                                               <C>
CURRENT ASSETS
Cash                                                                              $  174,651
Other current receivables                                                             81,368
                                                                                 -----------
Total Current Assets                                                                 256,019
                                                                                 -----------
PROPERTY AND EQUIPMENT, NET                                                           77,019
                                                                                 -----------

TOTAL ASSETS                                                                      $  333,038
------------                                                                     ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------


CURRENT LIABILITIES
Accrued liabilities                                                              $  109,127
Current portion of capitalized lease                                                  4,466
                                                                                 -----------
Total Current Liabilities                                                           113,593
                                                                                 -----------

Long-term Portion of Capitalized Lease                                                8,447
                                                                                 -----------
TOTAL LIABILITIES                                                                   122,040
                                                                                 -----------
STOCKHOLDERS' EQUITY
Preferred Stock, $.0001 par value, 20,000,000 shares authorized, none issued and
 Outstanding                                                                              -
Common stock, $.0001 par value, 100,000,000 shares authorized, 20,500,000
 shares issued and outstanding                                                        2,050
Additional paid in capital                                                        1,140,000
Accumulated deficit during development stage                                       (938,725)
Accumulated other comprehensive income                                                7,673
                                                                                 -----------
Total Stockholders' Equity                                                          210,998
                                                                                 -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                       $  333,038
-------------------------------------------                                      ===========


           See accompanying notes to consolidated financial statements.
                                      -2-
</TABLE>
<PAGE>


                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      ------------------------------------
                             AND COMPREHENSIVE LOSS
                             ----------------------

<TABLE>
<CAPTION>

                                                          For the Period    For the Period
                                                                From          From
                                          For the Year   December 31, 1999  December 31, 1999
                                             Ended        (Inception) to    (Inception) to
                                         March 31, 2001    March 31, 2000    March 31, 2001
                                        ----------------  ----------------  ----------------
<S>                                     <C>               <C>               <C>
REVENUES                                $             -   $             -   $             -
                                        ----------------  ----------------  ----------------
OPERATING EXPENSES
Selling, general and administrative             912,448            26,277           938,725
                                        ----------------  ----------------  ----------------
Total Operating Expenses                        912,448            26,277           938,725
                                        ----------------  ----------------  ----------------
NET LOSS                                       (912,448)          (26,277)         (938,725)
--------

OTHER COMPREHENSIVE INCOME
Gain on foreign currency translation              7,673                 -             7,673
                                        ----------------  ----------------  ----------------
TOTAL COMPREHENSIVE LOSS                $      (904,775)  $       (26,277)  $      (931,052)
-------------------------               ================  ================  ================


Net loss per share - basic and diluted  $         (.045)            (.001)            (.047)
                                        ================  ================  ================
Weighted average number of shares
 outstanding - basic and diluted             20,126,374        20,000,000        20,100,877
                                        ================  ================  ================
</TABLE>

        See accompanying notes to consolidated financial statements.
                                      -3-

<PAGE>

                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
              FROM DECEMBER 31, 1999 (INCEPTION) TO MARCH 31, 2001
              ----------------------------------------------------
<TABLE>
<CAPTION>

                                                                     Deficit
                                                                     Accumulated    Accumulated
                                                        Additional   During         Other
                                       Common Stock      Paid-In     Development    Comprehensive
                                     Shares    Amount    Capital     Stage          Income         Total
                                   ----------  -------  ----------  -------------   ---------  ----------
<S>                                <C>         <C>      <C>         <C>             <C>           <C>
Common stock issuance              20,000,000  $ 2,000  $1,140,000  $       -        $     -   $ 1,142,000

Net loss for the period from
 December 31, 1999 (inception) to
 March 31, 2000                                                       (26,277)                    (26,277)
                                   ----------  -------  ----------  -------------   ---------  ----------

Balance, March 31, 2000            20,000,000    2,000   1,140,000    (26,277)            -     1,115,723

Recapitalization:
Stock issued to Eastward
Acquisition corporation
Stockholders                          500,000       50                                                 50

Other comprehensive income                                                            7,673         7,673

Net loss for year ended
March 31, 2001                                                        (912,448)                  (912,448)
                                   ----------  -------  ----------  -------------   ---------  -----------
BALANCE, MARCH 31, 2001            20,500,000  $ 2,050  $1,140,000  $ (938,725)     $ 7,673    $  210,998
------------------------           ==========  =======  ==========  =============   =========  ===========
</TABLE>

  See accompanying notes to consolidated financial statements.
                                      -4-


<PAGE>


                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
              FROM DECEMBER 31, 1999 (INCEPTION) TO MARCH 31, 2001
              ----------------------------------------------------

<TABLE>
<CAPTION>
                                                                For the Period      For the Period
                                                                From                From
                                              For the Year      December 31, 1999   December 31, 1999
                                                  Ended        (Inception) to      (Inception) to
                                               March 31, 2001   March 31, 2000      March 31, 2001
                                              ----------------  ----------------  ----------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                           <C>               <C>               <C>
Net Loss                                      $      (912,448)  $       (26,277)  $      (938,725)
Depreciation                                           14,609                 -            14,609
Changes in operating assets and liabilities:
Increase in other receivables                         (81,368)                -           (81,368)
Increase in accrued liabilities                       105,068            26,279           131,347
                                              ----------------  ----------------  ----------------
Net Cash Used In Operating Activities                (874,139)                2          (874,137)
                                              ----------------  ----------------  ----------------

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property                                  (95,241)                -           (95,241)
                                              ----------------  ----------------  ----------------
Net Cash Used In Investing Activities                 (95,241)                -           (95,241)
                                              ----------------  ----------------  ----------------


CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock                                1,151,702                 -         1,151,702
                                              ----------------  ----------------  ----------------
Net Cash Provided By Financing Activities           1,151,702                 -         1,151,702
                                              ----------------  ----------------  ----------------

INCREASE IN CASH AND CASH
 EQUIVALENTS PRIOR TO EFFECT OF
 FOREIGN CURRENCY TRANSLATION                         182,322                 2           182,324

FOREIGN CURRENCY TRANSLATION                           (7,673)                -            (7,673)
                                              ----------------  ----------------  ----------------
INCREASE IN CASH AND CASH
 EQUIVALENTS                                          174,649                 2           174,651

CASH AND CASH EQUIVALENTS -
 BEGINNING OF PERIOD                                        2                 -                 -
                                              ----------------  ----------------  ----------------
CASH AND CASH EQUIVALENTS - END
 OF PERIOD                                    $       174,651   $             2   $       174,651
----------                                    ================  ================  =================
</TABLE>

  See accompanying notes to consolidated financial statements.

                                      -5-
<PAGE>

                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2001
                              --------------------



NOTE  1     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  AND  ORGANIZATION
-------     -----------------------------------------------------------------

(A)  ORGANIZATION
-----------------

MSC  Group, Inc., formerly Eastward Acquisition Corporation (a development stage
company),  ("the  Company")  was incorporated in the Delaware on March 24, 1999.
On December 29, 2000, the Company effected a reorganization by acquiring all the
outstanding common stock of Milling Systems & Concepts Private Limited ("MSC") a
Singapore  corporation  incorporated  on  December 31, 1999 and its wholly owned
subsidiary  MSC  Technologies  Pte.  Ltd. for 20,000,000 shares of common stock.
The  acquisition has been treated as an acquisition of the Company by MSC and as
a  recapitalization  of  the  Company for accounting purposes.  Accordingly, the
financial statements include the balance sheet, which consists of the net assets
of  the  Company and MSC at historical cost, and the statements of operations of
MSC  for  the  periods  presented  and  of  the  Company  from  the  date  of
reorganization.  As  a result of the merger the Company has adopted the March 31
fiscal  year  of  MSC.

Activities during the development stage include raising capital and implementing
its  business  plan.

The  Company's  wholly  owned subsidiary MSC is involved in providing integrated
and internet enabled manufacturing solutions.  The Company intends to market its
manufacturing  solutions  in  the  KNIGHTIA,  Europe  and  Asia-Pacific  region.

(B)  PRINCIPLES  OF  CONSOLIDATION
----------------------------------

The  consolidated  financial  statements include the accounts of the Company and
its  wholly  owned  subsidiaries.  All  significant  inter-company  balances and
transactions  have  been  eliminated  in  consolidation.

(C)  USE  OF  ESTIMATES
-----------------------

In  preparing  financial  statements  in conformity with United States generally
accepted  accounting  principles,  management  is required to make estimates and
assumptions  that  affect the reported amounts of assets and liabilities and the
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements and revenues and expenses during the reported period.  Actual results
could  differ  from  those  estimates.


                                      -6-

<PAGE>
                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2001
                              --------------------

(D)  CASH  AND  CASH  EQUIVALENTS
---------------------------------

For  purposes  of  the  cash  flow  statements, the Company considers all highly
liquid  investments with original maturities of three months or less at the time
of  purchase  to  be  cash  equivalents.

(E)  PROPERTY  AND  EQUIPMENT
-----------------------------

Property  and equipment are stated at cost and depreciated using the strait line
method over the estimated economic useful life of 2 to 5 years.  Maintenance and
repairs are charged to expense as incurred.  Major improvements are capitalized.

(F)  FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS
--------------------------------------------

Statement  of  Financial  Accounting  Standards No. 107, "Disclosures about Fair
Value  of  Financial  Instruments" requires disclosures of information about the
fair  value  of  certain  financial  instruments  for which it is practicable to
estimate  the  value.  For  purposes  of  this  disclosure,  the fair value of a
financial instrument is the amount at which the instrument could be exchanged in
a  current  transaction  between  willing parties other than in a forced sale or
liquidation.  The  carrying  amounts of the Company's other receivables, accrued
liabilities  and  capital  lease  payable  approximates  their  fair  value.

(G)  INCOME  TAXES
------------------

The  Company  accounts for income taxes under the Financial Accounting Standards
Board Statement of Financial Accounting Standards No. 109 "Accounting for Income
Taxes"  ("Statement  109").  Under  Statement  109,  deferred  tax  assets  and
liabilities  are  recognized  for  the  future  tax consequences attributable to
differences  between the financial statement carrying amounts of existing assets
and  liabilities  and  their  respective  tax  bases.  Deferred  tax  assets and
liabilities  are  measured  using enacted tax rates expected to apply to taxable
income  in  the  years  in  which those temporary differences are expected to be
recovered  or  settled.  Under  Statement 109, the effect on deferred tax assets
and  liabilities  of a change in tax rates is recognized in income in the period
that  includes  the enactment date.  There was no current or deferred income tax
expense  (benefit)  recorded  for  the  period  ended  March  31,  2001.

(H)  LOSS  PER  SHARE
---------------------

Basic  and diluted net loss per common share is computed based upon the weighted
average  common  shares outstanding as defined by Financial Accounting Standards
No.  128, "Earnings Per Share".  There were no common stock equivalents at March
31,  2001.


                                    -7-

<PAGE>


                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2001
                              --------------------
(I)  BUSINESS  SEGMENTS
-----------------------

The  Company  applies  Statement  of  Financial  Accounting  Standards  No.  131
"Disclosures  about  Segments  of  an  Enterprise and Related Information."  The
Company  operates  in  one  segment  and  therefore  segment  information is not
presented.

(J)  NEW  ACCOUNTING  PRONOUNCEMENTS
------------------------------------

The  Financial  Accounting  Standards  Board  has  recently  issued  several new
accounting  pronouncements.  Statement No. 133, as amended by Statements No. 137
and  138,  "Accounting  for  Derivative  Instruments  and  Hedging  Activities"
establishes  accounting  and  reporting standards for derivative instruments and
related  contracts  and hedging activities.  This statement is effective for all
fiscal  quarters  and  fiscal  years  beginning  after  June  15,  2000.

The Company believes that its adoption of these pronouncements will not have any
effect  on  the  Company's  financial  position  or  results  of  operations.

(K)  FOREIGN  CURRENCY  TRANSLATION
-----------------------------------

The  accounts of the Company's Singapore subsidiary are translated in accordance
with  Statement  of  Financial  Accounting  Standard No. 52, which requires that
foreign  currency  assets and liabilities be translated using the exchange rates
in effect at the balance sheet date.  Results of operations are translated using
the  average  rates prevailing throughout the period.  The effects of unrealized
exchange  rate  fluctuations  on  translating  foreign  currency  assets  and
liabilities  into  U.S.  dollars  are  accumulated  as  the  accumulated  other
comprehensive  adjustment  in  shareholders'  equity.

NOTE  2     PROPERTY  AND  EQUIPMENT
-------     ------------------------

Property  and  equipment  as  of  March  31,  2001  consisted  of the following:

                    Plant and equipment             $   28,176
                    Furniture and fixtures              19,951
                    Computer equipment                  43,501
                                                        91,628
                                                       --------
                    Less: accumulated depreciation     (14,609)
                                                       --------
                    Property and equipment - net    $   77,019
                                                        =======

Depreciation  expense  for  the  year  ended  March  31,  2001  was  $14,609.


                                          -8-

<PAGE>


                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2001
                              --------------------

NOTE  3     CAPITALIZED  LEASE  AGREEMENTS
-------     ------------------------------

The  Company  leases  office  equipment  under  capital  lease  agreements.  The
capitalized  lease  costs  and  accumulated  amortization  of such equipment was
$14,393  and  $460,  respectively  at  March  31,  2001.

Future  minimum  lease  payments under the capital lease are as follows at March
31,  2001:

                       Total lease payments              $     14,393
                       Less: interest portion                  (1,480)
                                                              --------
                      Obligation under capital lease     $     12,913
                                                              ========

Required  payments  of  principal  on  capitalized  leases  at  March  31, 2001,
including  current  maturities,  are  summarized  as  follows:

                                            2002             $  4,466
                                            2003                4,468
                                            2004                  878
                                            2005                  878
                                            2006                2,223
                                                         ------------
                                                             $ 12,913
                                                         ============

Interest  expense  for  the  year  ended  March  31,  2001  was  $559.

NOTE  4     EQUITY
-------     ------

Preferred  Stock
----------------

The  Company  is  authorized  to  issue  20,000,000 shares of preferred stock at
$.0001  par  value,  with  such  designations,  voting  and  other  rights  and
preferences  as  may  be determined from time to time by the Board of Directors.
As  of  March  31,  2001,  the  Company  had  not  issued  any  preferred stock.

Common  Stock
-------------

The  Company is authorized to issue 100,000,000 shares of common stock at $.0001
par  value.  The  Company  previously  known as Eastward Acquisition Corporation
(See  Note  1 (A) ) issued 5,000,000 shares at inception.  On December 29, 2000,
the  Company  issued  20,000,000 shares to acquire all the outstanding shares of
MSC  and  its wholly owned subsidiary.  In conjunction with this acquisition the
Company repurchased 4,500,000 shares from its previous principal shareholder for
$450  and  subsequently  retired  such shares.  As a result 20,500,000 shares of
common  stock  were  outstanding  at  March  31,  2001.


                                        -9-

<PAGE>


                        MSC GROUP, INC. AND SUBSIDIARIES
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              AS OF MARCH 31, 2001
                              --------------------

NOTE  5     COMMITMENTS
-------     -----------

On October 8, 2000, the Company entered into a six-month lease agreement for the
rental  of  10,000  square  feet in Singapore.  The monthly rental is $5,540 US.
Within  a  six-month  period  the Company was to enter into a sales and purchase
agreement  to  acquire  the  building  from  the  landlord  (See  Note  9).

The  purchase  price  for the property  shall  be agreed to by both parties at
a price no less than the market valuation  of  $6,000,000  (Singapore),
$3,324,000  US.

NOTE  6     AGREEMENTS
-------     ----------

On  July  31,  2000, the Company signed an agreement with TPG Capital ("TPG"), a
related  entity  (See  Note  7).  The  agreement called for TPG to provide among
other  things,  professional  services  relating  to  Securities  and  Exchange
Commission  filings  and  other  securities  matters.

NOTE  7     RELATED  PARTIES
-------     ----------------

TPG  is  a  stockholder  of  the  Company.  Legal  services  to the Company were
provided by a firm whose principal is the controlling stockholder of TPG.

NOTE  8     GOING  CONCERN
-------     --------------

The  accompanying  consolidated financial statements have been prepared assuming
that  the Company will continue as a going concern.  The Company has accumulated
losses  from  operations  of  $938,725  and an operating cash flow deficiency of
$874,139  as  of March 31, 2001.  These conditions raise substantial doubt about
the  Company's  ability  to  continue  as  a  going  concern.

The  Company anticipates raising additional capital through the issuance of debt
and/or  equity securities.  Additionally, management anticipates that operations
which  will  commence  in  the  fiscal  year ending March 31, 2002 will generate
profits  to  absorb  overhead  expenses.

NOTE  9     SUBSEQUENT  EVENTS
-------     --------------

(a)  On  April  8,  2001,  the Company entered into an agreement with its
landlord to extend  the  date to acquire the property described in Note 5
from April 8, 2001 to  December  31,  2001.

(b) Subsequent to March 31, 2001, the Company formed eight new subsidiaries
primarily to:

1. Develop manufacturing solutions and concepts.
2. Perform research, development and commercialization of energy inventions.
3. Perform venture capital funding and asset management.
4. Manufacture, develop and produce a sample or model of all types of
   industrial products, machinery and equipment, including die, molds, tools
   and jigs and fixtures.
5. Provide logistics, consulting and Internet services and to develop software.


                                      -10-

<PAGE>


(c)  On  September  19,  2001  MSC Group executed a joint venture agreement with
Protolex  LLC  ("Protolex"),  located  in Washington DC to jointly develop a new
motion controller for new generation milling and rapid prototyping machines. The
agreement  is effective for 90 days from the date of execution and the agreement
may  be  superceded  by other agreements within the 90 day time frame and may be
extended  based  upon  mutual consent of both parties. On January 23, 2002, both
parties  executed  an extension of the original agreement for one year. Protolex
is  the  manufacturer/producer  of  state  of  the  art  electronic  engineering
equipment. Prolotex will complete the design and development of a commercial use
motor  control  system according to MSC Group's specification and MSC Group will
fund  the project with $200,000. Upon the down payment of $50,000, Protolex will
provide  MSC  Group  with  a  detailed  project  development  plan  to  meet the
three-month  completion  date  requirement of producing a working prototype. MSC
Group  paid  Protolex the $50,000 in October 2001. MSC Group will be responsible
for  the  final  integration  and  mass  production  of the commercial units. In
accordance with the agreement, each party will own its own intellectual property
for  the  effort.  Additionally,  MSC  Group will grant Protolex a non-exclusive
license  to sell the product for a sales fee of 12%. The agreement also provides
MSC Group the ability to invest up to $8 million in Protolex, representing up to
a  30% ownership of Protolex, given the occurrence of certain events, as defined
in  the  agreement.  Specifically,  the  agreement requires MSC Group to make an
initial  investment  in  Protolex  during  2001 amounting to $2 million and a $2
million  investment  during  2002. MSC Group did not make the initial investment
during  2001.

(d)  On  November  4,  2001  MSC  Technologies  Private limited, a subsidiary of
Milling  Systems received an incentive grant from the Productivity and Standards
Board  of  Singapore  amounting  to  $385,000.  The  grant is to be used for the
research  and  development of a Rapid Prototype machine from January 20, 2001 to
June  20,  2002.

                                      -11-


<PAGE>


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

     None

PART  III

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

           The  Directors  and  Officers  of  the  Company  are  as  follows:

Name                       Age               Position
----                      -----             ------------
Dr.  Wee  Yue  Chew        54       Chairman  of  the  Board,  and Director

Mok  Siong  Cheak          42       President,  Chief  Executive  Officer and
                                    Director

Lee  Sui  Kum              36       Chief  Financial  Officer

Dr.  Lee  Keng  Ho         56       Vice  President  of  Software  and Director

Chan  Tow  Boon            33       Vice  President,  Legal  Counsel  and
                                    Director

     MSC  Group's  directors  hold  office  until the next annual meeting of its
shareholders or until their successors are duly elected and qualified. Set forth
below  is  a  summary  description  of  the  principal  occupation  and business
experience  of each of MSC Group's directors and executive officers for at least
the  last  five  years.

     DR.  WEE YUE CHEW serves as Chairman of the Board of MSC Group. Dr. Wee has
served  as  a director of Milling Systems and Chairman of its board of directors
since  September, 2000. From December, 1999, to September, 2000, Dr. Wee was the
founder  and  managing  partner  of WYC Business Consultants, an engineering and
business  consultancy  located in Singapore. From July 1992 to June 2001, he was
the  Executive  Vice  President  of Excel Machine Tools Ltd ("Excel"), a company
listed  on  the  Singapore Exchange Securities Trading Limited ("SGX") where h e
served  for  more than 7 years. Dr. Wee was responsible for the listing of Excel
on  the  main  board  of  SGX  in  April 1997 and the listing of Excel's Hungary
operations  on  the  Budapest  and  Munich Stock Exchanges in June 1999. Dr. Wee
currently serves as a member on various committees in the Institute of Technical
Education, the Productivity and Standards Board, Singapore Precision Engineering
&  Tooling Association and Singapore Productivity Association. Dr. Wee serves as
an  independent  director of Excel and a member of its audit committee. Prior to
joining  Excel,  Dr.  Wee  was  the  Group  Deputy Managing Director of Material
Handling Engineering Ltd. From August 1989 to June, 1992, a company he helped to
list  o  n  the  SGX  in  19 89. From August, 19 69 to July, 1989, Dr. Wee was a
deputy  director  of  the  Singapore  Productivity  and Standards Board where he
served  for  20  years as a principal trainer and consultant. He was involved in
promoting  and  implementing productivity practices to the Singapore government,
government  linked companies, NTUC linked companies and private sector companies
such  as  SIA,  OCBC, Singapore Telecom. Dr. Wee received his Master of Business
Administration from the University of Brad ford, United Kingdom in 1978. Dr. Wee
presently  serves  as  a  Director  of  7 subsidiaries of MSC Group companies in
Singapore.

     MOK SIONG CHEAK serves as President, Chief Executive Officer and a director
of  MSC  Group.  Mr. Mok has served as Chief Executive Officer and a director of
Milling  Systems  since  December, 1999. He is also currently the director and a
shareholder  in MSC Power (S) Pte Ltd and Global E-Trade Group Limited (in which
he is the sole shareholder), which are involved in seeking new business ventures
and  performing  venture capital funding activities. Prior to 1998, he served as
the  personal  assistant  to  the  Consul  General  of Vanuatu for Kuala Lumpur,
Malaysia,  in  charge  of consular activities in the South East Asia region. Mr.
Mok  has  experience  in  the  general management and business development for a
number  of  companies  in  Malaysia. Mr. Mok presently serves as a Director of 7
subsidiaries  of MSC Group companies in Singapore. In addition, he is a Director
of  MSC Marine (S) Private Limited, MSC Electro-mobiles (S) Private Limited, MSC
Machining  and  Engineering  Private Limited, MSC Healthcare (S) Private Limited
and  MSC  Automation  Private  Limited.

     DR  LEE KENG HO serves as a director and Vice President of software for MSC
Group.  Dr. Lee has served as a director of Milling Systems since December 1999.
Dr.  Lee  is presently the managing partner of his own consultancy firm, which h
as  performed  various  consultancy projects in Asia, Africa and India. Prior to
1993,  he  served  on the Boa rd of Directors in the various companies of Magnum
Corporation  Berhad  ("Magnum"), a company listed on the Main Board of the Kuala
Lumpur  Stock  Exchange,  Malaysia.  He  joined  Magnum  in 1987 as its Computer
Systems  Manager.  Prior to that, Dr. Lee was involved in information technology
activities  in  various  capacities  for  government  institutions  and  private
organizations.  Dr.  Lee  holds  a  Bachelor  of  Science  in  Mathematics  from
University Malaya and obtained his Doctor of Philosophy in Computer Science from
University  of  Glasgow,  Scotland.

     CHAN  TOW  BOON  serves  as a director, Secretary, Vice President and legal
counsel  for  MSC  Group.  Mr.  Chan has served as a director of Milling Systems
since  December,  1999.  He  is  presently  the Managing Director of a number of
private  limited  companies  incorporated  in  Malaysia,  which  are involved in
property  investment,  insurance  and gaming agency businesses. Mr. Chan holds a
law  degree  from  University  of  Woolverhampton  in  the  United  Kingdom.

     LEE  SUI  KUM  serves as Chief financial Officer for MSC Group. Ms. Lee has
more  than  18  years of experience in the finance and accounting field. She was
Corporate Planning and Finance Director of JSD Construction Pte. Ltd., a company
involved  in  construction  activities  in Singapore and she is a partner of NPB
Consultants,  which  provides independent consultancy advisory services to small
and  medium  sized  companies.  From  1983  to  1998,  she was Group Finance and
Administration  Director  of Pacific Vinitex Pte. Ltd where she was in charge of
finance,  administration,  human  resource and strategic planning of the Pacific
Vinitex  Group.  Ms.  Lee  holds a bachelor of Science (Business Administration)
from  Oklahoma  City  University.

There  is  a  key  man life insurance policy on Mok Siong Cheak in the amount of
$1,000,000  of  which  MSC  Group  is the beneficiary. No other policies of this
nature  are in effect at this time with respect to any other directors, officers
or  control  persons.

Item  10.  Executive  Compensation

No  officer  or  director  received  compensation  from  MSC  Group in excess of
$100,000  during  the  fiscal  year  ended  March  31,  2001.

                           SUMMARY COMPENSATION TABLE

Name  and  Principal  Position          Year           Salary
                                        ----           ------

Mr.  Mok  Siong  Cheak                  2001           $85,000


In addition to Mr. Mok's annual salary, MSC Group also paid Mr. Mok $13,333 as a
housing  allowance  for  the year ended March 31, 2001. MSC Group also agreed to
pay reimburse Mr. Mok for traveling expenses if and when he travels overseas for
business  related  to  MSC  Group.


ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

     The  following table sets forth, as of March 31, 2001, each person known by
MSC  Group  to  be  the  beneficial owner of five percent or more of MSC Group's
common  stock  and the directors and officers of MSC Group. Except as noted, the
holder  thereof  has sole voting and investment power with respect to the shares
shown.



<TABLE>
<CAPTION>
                                   Shares of
                                 Common stock                    Percentage of Shares of
Name, Position and Address     Beneficially Owned                    Class Owned (1)
-----------------------------  ------------------                ------------------------
<S>                                    <C>                                <C>
Dr. Wee Yue Chew                       1,000,000                          4.9%
Chairman, Director

Mok Siong Cheak                        6,745,000(2)                      32.9%
President, Chief Executive
Officer, Director

Dr. Lee Keng Ho (3)                    1,000,000                          4.9%
Vice President, Director

Chan Tow Boon (3)                        500,000                         2 .4%
Secretary, Treasurer,
Vice President

Lee Sui Kum                               50,000(4)                         *
Chief Financial Officer

Lee Lay Sire                           1,000,000                          4.9%

Milling Systems &
Concepts (Malaysia) Sdn.
Bhd. (3)                               1,000,000                          4.9%

Wong Kum Ying                          1,000,000                          4.9%

All Success Enterprises Ltd.           1,000,000                          4.9%

Hung Lea Ping (5)                      3,000,000                         14.6%

MSC Power (S) Pte.                     3,000,000                         14.6%
Ltd. (2)

Global E-Trade Group                   4,500,000                         22.0%
Limited (2)

All executive officers
and directors as a
group (5 persons)                      9,295,000                         45.3%
_____________
* Represents less than 1%
</TABLE>

(1)  Based  upon  20,500,000  shares  outstanding as of the date of this report.

(2) Includes 745,000 shares owned directly by Mr. Mok, 3,000,000 shares owned by
MSC  Power  (S) Pte. Ltd. of which Mr. Mok is a 50% owner and of which he may be
deemed  the beneficial holder and 4,500,000 shares owned by Global E-Trade Group
Limited  of  which  Mok  is 10 0% owned and may be deemed the beneficial holder.


<PAGE>
(3)  Dr.  Lee Keng Ho, a director of MSC Group, and Chan Tow Boon, a director of
MSC  Group  each  own  33.33% of Milling Systems & Concepts (Malaysia) Sdn. Bhd.

(4)  Includes  50,000  shares  owned  directly  by  Miss  Lee  Sui  Kum

(5)  Hung  Lea Ping is the wife of Mok Siong Cheak, the president and a director
of  MSC  Group,  and  is  also  a  50%  owner  of  M  SC  Power  (S)  Pte.  Ltd.

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     Milling Systems & Concepts Sdn. Bhd. was registered in Malaysia to set up a
design and rapid prototyping center. Its directors are Dr. Lee Keng Ho, Mr. Chan
Tow  Boon  and  Mr.  Wong  Kum  Wah.  Milling  Systems & Concepts Sdn. Bhd. is a
shareholder  of  MSC  Group.

     Legal  services  to  MSC  Group were provided by Cassidy & Associates whose
principal  ,  James  M.  Cassidy,  is  the  controlling  stock  holder  of  TPG
Corporation,  a  stockholder  of  MSC  Group.

ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a) Exhibits


(b) Reports  on  Form  8-K

    None




<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.

                         MSC  GROUP,  INC.


                By:      /s/ Mok Siong Cheak
                         _______________________
                         Mok  Siong  Cheak
                         President

                         /s/ Lee Sui Kum
                         _______________________
                         Lee  Sui  Kum
                         Chief  Financial  Officer

Dated:  February 13,  2002

     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/  Wee Yue Chew            Director                    February 13,  2002
Dr.  Wee  Yue  Chew

/s/ Mok Siong Cheak          Director                    February 13,  2002
Mok  Siong  Cheak


/s/  Lee Keng Ho             Director                    February 13,  2002
Dr.  Lee Keng Ho

/s/ Chan Tow Boon            Director                    February 13,  2002
Chan  Tow  Boon





<PAGE>