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

                                   FORM 10-QSB

[xx]   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
       OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2000

                        Commission file Number: 000-27397

                               NEWSGURUS.COM, INC.
                    (FORMERLY ANNEX BUSINESS RESOURCES, INC.)
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   98-0204280
                     (I.R.S. Employer Identification Number)

                               5774 Deadpine Drive
                            Kelowna, British Columbia
                                     V1P 1A3
                    (Address of principal executive offices)

                                 (250) 765-6424
                           (Issuer's telephone number)

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the  latest  practicable  date:  9,315,000  common  shares  as at
December 31, 2000

Transitional Small Business Disclosure Format (check one):  Yes [  ]    No [ X ]



<PAGE>


                               NEWSGURUS.COM, INC.
                    (formerly Annex Business Resources Inc.)

                                      INDEX
<TABLE>
<S>                        <C>                                                               <C>

PART 1.  FINANCIAL INFORMATION

         Item 1.           Financial Statements............................................... 3

                           Consolidated Balance Sheets as of
                           December 31, 2000 and June 30, 2000................................ 4

                           Consolidated Statements of Operations for the periods
                           ended December 31, 2000 and December 31, 1999...................... 5

                           Consolidated Statements of Cash Flows for the periods
                           ended December 31, 2000 and December 31, 1999...................... 6

                           Consolidated Statements of Changes in Stockholders'
                           Equity............................................................. 7

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

         Item 2            Plan of Operation..................................................17

PART II. OTHER INFORMATION

         Item 1            Legal Proceedings..................................................19

         Item 2            Changes in Securities..............................................19

         Item 3            Defaults Upon Senior Securities....................................19

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

         Item 5            Other Information..................................................20

         Item 6            Exhibits and Reports on Form 8K....................................20

         SIGNATURES...........................................................................20
</TABLE>


                                       2

<PAGE>







                               NEWSGURUS.COM, INC.
                          (A DEVELOPMENT STAGE COMPANY)



                        CONSOLIDATED FINANCIAL STATEMENTS
                      (UNAUDITED - PREPARED BY MANAGEMENT)



                                DECEMBER 31, 2000




                                       3

<PAGE>

<TABLE>
<CAPTION>

NEWSGURUS.COM, INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS
(Unaudited - Prepared by Management)

========================================================================================================
                                                                                     As At         As At
                                                                              December 31,      June 30,
                                                                                      2000          2000
--------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>
ASSETS

CURRENT
    Cash and cash equivalents                                                   $    6,134   $    83,430
    Accounts receivable                                                                --          3,000
    Deposits                                                                           --         10,000
                                                                                ----------   -----------

                                                                                     6,134        96,430

CAPITAL ASSETS (Note 5)                                                              3,119         3,670

WEB SITE DEVELOPMENT COSTS (Note 6)                                                 153933        90,300

OTHER ASSET (Note 7)                                                                 2,585           --
                                                                                ----------   -----------

TOTAL ASSETS                                                                    $  165,771   $   190,400
========================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT
    Accounts payable and accrued liabilities                                    $   18,427   $    23,540
    Convertible loan (Note 8)                                                      200,000       100,000
                                                                                ----------   -----------

                                                                                   218,427       123,540
                                                                                ----------   -----------

STOCKHOLDERS' EQUITY
    Capital stock (Note 9)
       Authorized
             50,000,000  common shares with a par value of $0.001
             25,000,000  preferred shares with a par value of $0.001
       Issued and outstanding
              9,315,000  common shares (June 30, 2000 - 9,290,000 common shares)     9,315         9,290

    Subscription funds received                                                        --         50,000
    Additional paid in capital                                                     211,510       192,885
    Deficit accumulated during the development stage                              (273,481)     (185,315)
                                                                                ----------   -----------

                                                                                   (52,656)       66,860
                                                                                ----------   -----------

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                      $  165,771   $   190,400

========================================================================================================

</TABLE>


HISTORY AND ORGANIZATION OF THE COMPANY (Note 1)
COMMITMENTS (Note 12)

ON BEHALF OF THE BOARD:

/s/ Chris Bunka              Director /s/ Sudhir Khanna              Director
----------------------------          -----------------------------


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


                                       4

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


======================================================================================

                                             Period From
                                                 Date of
                                           Incorporation
                                              on May 16,        For the        For the
                                                    1997      Six Month      Six Month
                                                      to   Period Ended   Period Ended
                                            December 31,   December 31,    December 31
                                                    2000           2000           1999
--------------------------------------------------------------------------------------
<S>                                          <C>            <C>            <C>

REVENUE                                      $     4,538    $     1,537    $       --
                                             -----------    -----------    -----------


EXPENSES

    Advertising                                    3,615           --              --
    Amortization                                   2,031          1,654            --
    Automobile                                        10             10            --
    Bad debts                                      1,067          1,067            --
    Bank charges                                     241            116             9
    Computer                                         630            630            --
    Consulting fees                              108,900         30,400            --
    Credit card fees                                 320            320            --
    Licences and fees                              7,261          5,292            --
    Office and miscellaneous                       9,167          1,453            --
    Professional fees                            123,452         40,285          5,031
    Telephone                                        829            803            --
    Travel and promotion                          20,496          7,674            --
                                             -----------    -----------    -----------

                                                 278,019         89,704         (5,040)
                                             -----------    -----------    -----------

NET LOSS FOR THE PERIOD                      $  (273,481)   $   (88,167)   $    (5,040)
======================================================================================


BASIC (LOSS) PER COMMON SHARE                               $     (0.01)   $     (0.00)
======================================================================================


WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                    9,315,000      7,000,000
======================================================================================

</TABLE>



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

                                       5

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


===========================================================================================================================

                                                                        Period From
                                                                            Date of
                                                                      Incorporation
                                                                          on May 16,            For the            For the
                                                                                1997          Six Month          Six Month
                                                                                  to       Period Ended       Period Ended
                                                                        December 31,       December 31,       December 31,
                                                                                2000               2000               1999
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss for the period                                                $(273,481)         $ (88,167)         $  (5,040)
    Items not affecting cash:
       Amortization                                                            2,031              1,654               --
       Stock issued for services                                              22,750             18,750               --

    Changes in non-cash working capital items:
       (Increase) decrease in accounts receivable                               --                3,000               --
       (Increase) decrease in deposit                                           --               10,000               --
       Increase (decrease) in accounts payable                                18,427             (5,113)            27,655
                                                                           ---------          ---------          ---------

    Net cash used in operating activities                                   (230,273)           (59,876)            22,615
                                                                           ---------          ---------          ---------

CASH FLOWS FROM FINANCING ACTIVITIES
    Convertible Loan                                                         200,000             50,000               --
    Share capital                                                            198,175               --                  221
                                                                           ---------          ---------          ---------

    Net cash provided by financing activities                                398,175             50,000                221
                                                                           ---------          ---------          ---------

CASH FLOWS FROM INVESTING ACTIVITIES
    Acquisition of capital assets                                             (7,835)            (3,788)              --
    Web site development costs                                              (153,933)           (63,632)           (22,836)
                                                                           ---------          ---------          ---------

    Net cash used in investing activities                                   (161,768)           (67,420)           (22,836)
                                                                           ---------          ---------          ---------

CHANGE IN CASH POSITION DURING THE PERIOD                                      6,134            (77,296)              --

CASH POSITION, BEGINNING OF THE PERIOD                                          --               83,430               --
                                                                           ---------          ---------          ---------

CASH POSITION, END OF THE PERIOD                                           $   6,134          $   6,134          $    --
===========================================================================================================================

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS
    Cash paid for income taxes                                             $    --            $    --            $    --
    Cash paid for interest                                                      --                 --                 --

SUPPLEMENTAL  DISCLOSURE OF NON-CASH OPERATING, INVESTING,
    AND  FINANCING ACTIVITIES:
    Common shares issued for services                                         22,750             18,750               --
    Common shares issued for acquisition of subsidiary                         3,500               --                 --
===========================================================================================================================

</TABLE>

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

                                       6

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited - Prepared by Management)

<TABLE>
<CAPTION>


=========================================================================================================================

                                                                                    Deficit
                                                                                Accumulated
                                            Common Stock           Additional    During the          Share          Total
                                      ------------------------        Paid in   Development  Subscriptions  Stockholders'
                                        Shares         Amount         Capital         Stage       Received         Equity
-------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>           <C>           <C>           <C>           <C>          <C>
BALANCE, MAY 16, 1997                       --      $     --      $     --      $     --      $     --     $     --

    Common stock issued
      for services                     7,000,000         7,000        (6,500)         --            --            500

    Loss for the period                     --            --            --            (500)         --           (500)
                                      ----------    ----------    ----------    ----------   -----------   ----------

BALANCE, JUNE 30, 1997 AND 1998        7,000,000         7,000        (6,500)         (500)         --           --

    Loss for the period                     --            --            --            (235)         --           (235)
                                      ----------    ----------    ----------    ----------   -----------   ----------

BALANCE, JUNE 30, 1999                 7,000,000         7,000        (6,500)         (735)         --           (235)

    Common stock issued to acquire
      subsidiary                       3,500,000         3,500        (3,500)         --            --           --

    Common stock issued for cash       1,147,500         1,148        60,027          --            --         61,175

    Common stock issued for cash         278,000           278        13,622          --            --         13,900

    Common stock issued for cash         100,000           100        24,900          --            --         25,000

    Common stock issued for cash          20,000            20           980          --            --          1,000
    Common stock issued for
      Services                            20,000            20           980          --            --          1,000
    Common stock issued for
      Services                            50,000            50         2,450          --            --          2,500

    Cancellation of shares            (3,756,000)       (3,756)        3,756          --            --           --

    Common stock issued for cash         152,000           152         7,448          --            --          7,600

    Common stock issued for cash         500,000           500         4,500          --            --          5,000

    Common stock issued for cash          70,000            70         3,430          --            --          3,500

    Common stock issued for cash          96,000            96        35,904          --            --         36,000

    Common stock issued for cash          25,000            25         9,975          --            --         10,000

    Common stock issued for cash          25,000            25         9,975          --            --         10,000

    Common stock issued for cash          62,500            62        24,938          --            --         25,000

    Share subscriptions received            --            --            --            --          50,000       50,000

    Loss for the year                       --            --            --        (184,580)         --       (184,580)
                                      ----------    ----------    ----------    ----------   -----------   ----------

BALANCE, JUNE 30, 2000                 9,290,000         9,290       192,885      (185,315)       50,000       66,860

   Share subscription converted
      to debt                               --            --            --            --         (50,000)     (50,000)

   Common stock issued for Services       25,000            25        18,725                                   18,750

    Loss for the period                     --            --            --         (88,167)         --        (88,167)
                                      ----------    ----------    ----------    ----------   -----------   ----------

BALANCE, DECEMBER 31, 2000            9,3150,000    $    9,315    $  211,610    $ (273,482)  $      --     $  (52,557)
=========================================================================================================================

</TABLE>



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

                                       7

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

1.       HISTORY AND ORGANIZATION OF THE COMPANY

         NewsGurus.Com,  Inc. ("the  Company") was  incorporated on May 16, 1997
         under the laws of Nevada to engage in any lawful  business  or activity
         for which  corporations may be organized under the laws of the State of
         Nevada.  The Company's  principal business consists of providing expert
         opinion and  information  in the areas of money,  health and lifestyles
         and eventually into e-commerce through the Internet.

         The Company entered the development stage in accordance with SFAS No. 7
         on May 16, 1997.  Its purpose is to evaluate,  structure and complete a
         merger with, or acquisition of a privately  owned  corporation.  During
         the period ended June 30, 2000, the Company acquired a 100% interest in
         Gurus International Corp.

2.       DISCLOSURE OF  MANAGEMENT

         In the opinion of management,  the  accompanying  financial  statements
         contain all adjustments  necessary (consisting only of normal recurring
         accruals)  to  present  fairly  the  financial   information  contained
         therein.  These  statements do not include all disclosures  required by
         the  generally  accepted  accounting  principles  and should be read in
         conjunction  with the audited  financial  statements of the Company for
         the year ended June 30, 2000.  The results of operations for the period
         ended December 31, 2000 are not  necessarily  indicative of the results
         to be expected for the year ending June 30, 2001.

3.       GOING CONCERN

         The Company's  financial  statements  have been  presented on the basis
         that it is a going  concern,  which  contemplates  the  realization  of
         assets and the  satisfaction  of  liabilities  in the normal  course of
         business.  The Company  incurred a loss of $273,481 for the period from
         inception  to  December  31,  2000.  The  Company  has  entered  into a
         convertible  debt  agreement  for $200,000 of which it has received all
         the  proceeds as of December  31,  2000.  The Company may need to issue
         650,000 shares should this debt be converted to equity.  The Company is
         not at this time  capable of repaying the debt should it be required to
         do so. The Company anticipates expending approximately  $4,000,000 over
         the next  twelve  month  period in  pursuing  its  anticipated  plan of
         operations.  The Company anticipates  covering these costs by operating
         revenues and additional equity  financing.  If the Company is unable to
         complete its financing requirements or achieve revenue as projected, it
         will then modify its  expenditures  and plan of  operations to coincide
         with the actual financing completed and actual operating revenues.  The
         financial  statements  do not include any  adjustments  relating to the
         recoverability  and  classification  of recorded  asset  amounts or the
         amounts  and  classification  of  liabilities  that might be  necessary
         should the Company be unable to continue in existence.

4.       SIGNIFICANT ACCOUNTING POLICIES

         PRINCIPLES OF CONSOLIDATION

         These  consolidated  financial  statements  include the accounts of the
         Company and its wholly-owned subsidiaries, Gurus International Corp and
         Independent  Outsider Inc. All  significant  intercompany  balances and
         transactions have been eliminated.

                                       8

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

4.       SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)

         USE OF ESTIMATES

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

         BASIC LOSS PER SHARE

         In February  1997,  the  Financial  Accounting  Standards  Board issued
         Statement of Financial  Accounting  Standards  No. 128,  "Earnings  Per
         Share" ("SFAS  128").  Under SFAS 128,  basic and diluted  earnings per
         share are to be  presented.  Basic  earnings  per share is  computed by
         dividing  income  available  to  common  shareholders  by the  weighted
         average number of common shares  outstanding  during the year.  Diluted
         earnings per share takes into  consideration  common shares outstanding
         (computed  under basic  earnings  per share) and  potentially  dilutive
         common shares.

         CASH AND CASH EQUIVALENTS

         Cash  and cash  equivalents  include  highly  liquid  investments  with
         original maturities of three months or less.

         CAPITAL ASSETS

         Tangible  capital assets,  being computer  equipment and software,  are
         recorded at cost.  Amortization  of capital assets is calculated  using
         the  declining  balance  method at an annual  rate of 30% for  computer
         equipment and 50% for software.

         SOFTWARE DEVELOPMENT

         The Company  has  adopted  Statement  of  Position  98-1 ("SOP  98-1"),
         "Accounting  for the Costs of Computer  Software  Developed or Obtained
         for Internal  Use", as its accounting  policy for internally  developed
         computer  software  costs.  Under SOP  98-1,  computer  software  costs
         incurred in the preliminary development stage are expensed as incurred.
         Computer  software costs incurred  during the  application  development
         stage are  capitalized  and  amortized  over the  software's  estimated
         useful life.

         INCOME TAXES

         Income taxes are  provided in  accordance  with  Statement of Financial
         Accounting Standards No. 109, "Accounting for Income Taxes". A deferred
         tax  asset or  liability  is  recorded  for all  temporary  differences
         between   financial  and  tax   reporting   and  net   operating   loss
         carryforwards.  Deferred  tax  expenses  (benefit)  result from the net
         change during the year of deferred tax assets and liabilities.

         Deferred tax assets are reduced by a valuation  allowance  when, in the
         opinion of management,  it is more likely than 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.

         OTHER ASSETS

         Intangible  assets,  being merchant credit rights, are amortized over 3
         years on straight line basis.


                                       9

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

4.       SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)

         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In September  1998,  the Financial  Accounting  Standards  Board issued
         Statement of Financial  Accounting  Standards No. 133  "Accounting  for
         Derivative  Instruments  and  Hedging  Activities"  ("SFAS  133") which
         establishes   accounting   and  reporting   standards  for   derivative
         instruments and for hedging  activities.  SFAS 133 is effective for all
         fiscal  quarters of fiscal years beginning after June 15, 1999. In June
         1999,  the FASB issued SFAS 137 to defer the effective date of SFAS 133
         to fiscal  quarters of fiscal years  beginning after June 15, 2000. The
         Company does not  anticipate  that the adoption of the  statement  will
         have a significant impact on its financial statements.

         REPORTING ON COSTS OF START-UP ACTIVITIES

         In April 1998, the American Institute of Certified Public  Accountant's
         issued Statement of Position 98-5 ("SOP 98-5"), "Reporting on the Costs
         of  Start-Up  Activities"  which  provides  guidance  on the  financial
         reporting of start-up costs and  organization  costs. It requires costs
         of  start-up  activities  and  organization  costs  to be  expensed  as
         incurred.  SOP 98-5 is  effective  for  fiscal  years  beginning  after
         December  15, 1998 with  initial  adoption  reported as the  cumulative
         effect of a change in accounting principle. The adoption of SOP 98-5 by
         the Company during the year had no effect on its financial statements.

         COMPREHENSIVE INCOME

         In  1998,  the  Company  adopted  Statement  of  Financial   Accounting
         Standards No. 130 ("SFAS 130"), "Reporting  Comprehensive Income". This
         statement  establishes rules for the reporting of comprehensive  income
         and its  components.  The  adoption  of SFAS 130 had no impact on total
         stockholders' equity as of September 30, 2000.

         STOCK-BASED COMPENSATION

         Statement of Financial  Accounting  Standards No. 123,  "Accounting for
         Stock-Based  Compensation," encourages, but does not require, companies
         to record compensation cost for stock-based employee compensation plans
         at fair  value.  The  Company  has  chosen to account  for  stock-based
         compensation   using  Accounting   Principles  Board  Opinion  No.  25,
         "Accounting for Stock Issued to Employees."  Accordingly,  compensation
         cost for stock options is measured as the excess, if any, of the quoted
         market price of the  Company's  stock at the date of the grant over the
         amount an employee is required to pay for the stock

5.       CAPITAL ASSETS

         =======================================================================

                                                               Net Book Value
                                                         -----------------------
                                            Accumulated  December 31,   June 30,
                                    Cost   Amortization          2000       2000
         -----------------------------------------------------------------------
         Computer equipment     $ 4,047  $        928   $       3,119  $    3670
         Computer software          688           688              --         --
                                -------  ------------   -------------  ---------

                                $ 4,735  $      1,616   $       3,119  $   3,670
         =======================================================================

                                       10

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

6.       WEB SITE DEVELOPMENT COSTS

         Web site development  costs of $153,933 are comprised of software costs
         incurred  by the  Company in  developing  its web site.  The  Company's
         amortization  policy  concerning  these costs is to amortize  the costs
         over a period of five years commencing from the date of operations.  As
         at December 31, 2000, no amortization has been taken.

7.       BUSINESS COMBINATION

         During the period,  the Company  entered into an acquisition  agreement
         whereby  the  Company  acquired  all  of  the  outstanding   shares  of
         Independent  Outsider Inc  ("Independent").  The Company paid $3,000 to
         acquire  all the  shares of  Independent.  At the date of  acquisition,
         Independent's net assets had a fair value of $3,100.

         The total cost value of $3,000 has been allocated to other assets which
         consist of an intangible right to merchant credit.

8.       CONVERTIBLE LOAN

         =======================================================================
                                              December 31,         June 30,
                                                      2000             2000
         -----------------------------------------------------------------------

         Canalaska Ventures Ltd.              $    200,000     $    100,000
         =======================================================================

         The  convertible  loan bears  interest at a rate of 7% per annum and is
         repayable beginning on March 7, 2001 unless converted into common stock
         of  NewGurus.com,  Inc.  at a price of  $0.25  per  share on the  first
         $100,000 and at a price of $0.40 on the second $100,000.

9.       CAPITAL STOCK

         On August 16, 1999,  the Company  implemented  a 1,000:1  forward stock
         split  and on  December  17,  1999,  a 7:1  forward  stock  split.  The
         statements of changes in stockholders' equity has been restated to give
         retroactive  recognition of the stock splits by reclassifying to common
         stock from additional paid in capital,  the par value of shares arising
         from the split. In addition, all references to number of shares and per
         share  amounts of common stock have been  restated to reflect the stock
         split.

         On May 16, 1997, the Company issued  7,000,000  shares with a par value
         of $0.001 for services valued at $500.

         On December 17, 1999,  the Company issued  3,500,000  shares with a par
         value of  $0.001  to  acquire  all of the  outstanding  shares of Gurus
         International Corp.

         On January 12, 2000, the Company issued  1,147,500  shares at $0.05 per
         share for cash proceeds in the amount of $61,175.

         On February 1, 2000,  the Company  issued  278,000  shares at $0.05 per
         share for cash proceeds in the amount of $13,900.

         On February 24, 2000,  the Company  issued  100,000 shares at $0.25 per
         share for cash proceeds in the amount of $25,000.

                                       11

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

9.       CAPITAL STOCK (cont'd.....)

         On February 24, 2000,  the Company  issued  20,000  shares at $0.05 per
         share for cash proceeds in the amount of $1,000.

         On February 24, 2000,  the Company  issued  20,000  shares at an agreed
         value of $1,000 as payment of fees for services received.

         On February 28, 2000,  the Company  issued  50,000  shares at an agreed
         value of $2,500 as payment of fees for services received.

         On February 28, 2000,  the Company  cancelled  3,756,000  shares gifted
         back to treasury.

         On February 28, 2000,  the Company  issued  152,000 shares at $0.05 per
         share for cash proceeds in the amount of $7,600.

         On February 28, 2000,  the Company  issued  500,000 shares at $0.01 per
         share for cash proceeds in the amount of $5,000.

         On March 21, 2000,  the Company issued 70,000 shares at $0.05 per share
         for cash proceeds in the amount of $3,500.

         On March 27, 2000, the Company issued 96,000 shares at $0.375 per share
         for cash proceeds in the amount of $36,000.

         On March 27, 2000, the Company issued 112,500 shares at $0.40 per share
         for cash proceeds in the amount of $45,000.

         On  September  30,  2000,  the  Company  converted  subscription  funds
         received in advance into debt.

         On October 10,  2000,  the Company  issued  25,000  shares at an agreed
         value of $18,750 as payment of fees for services received.

10.      STOCK OPTIONS AND WARRANTS

         As at December 31, 2000,  the Company had  outstanding  stock  options,
         enabling the holders to acquire the following number of common shares:

         =======================================================================

                     Number                 Exercise
                   of Shares                   Price       Expiry Date
         -----------------------------------------------------------------------

                    600,000                 $  1.00        February 1, 2005
         =======================================================================

                                       12

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

10.      STOCK OPTIONS AND WARRANTS (cont'd.....)

         As at December 31, 2000,  the Company had  outstanding  share  purchase
         warrants,  enabling  the  holders to acquire  the  following  number of
         shares:

         =======================================================================
                                           Original
                     Number                Exercise
                   of Shares                  Price         Expiry Date
         -----------------------------------------------------------------------

                     60,000                 $  1.00         January 25, 2003
                     35,000                    1.00         February 28, 2003
                    125,000                    1.00         November 29, 2004
                    200,000                    1.00         November 29, 2004
                    200,000                    1.00         November 30, 2004
                    148,500                    1.00         December 13, 2004
                    118,000                    1.00         January 3, 2005
                    147,000                    1.00         February 15, 2005
                    360,000                    1.00         February 25, 2005
                    250,000                    1.00         February 25, 2005
         =======================================================================

11.      STOCK BASED COMPENSATION EXPENSE

         Statement of Financial  Accounting  Standards No. 123,  "Accounting for
         Stock-Based Compensation", encourages but does not require companies to
         record compensation cost for stock-based employee compensation plans at
         fair  value.   The  Company  has  chosen  to  account  for  stock-based
         compensation   using  Accounting   Principles  Board  Opinion  No.  25,
         "Accounting for Stock Issued to Employees".  Accordingly,  compensation
         cost for stock  options is measured  as the  excess,  if any, of quoted
         market  price of the  Company's  stock  at the  date of grant  over the
         option price. No stock based  compensation has resulted from the use of
         this standard.

         Following is a summary of the status of the plan:

         =======================================================================

                                                                        Weighted
                                                                         Average
                                                                Number  Exercise
                                                             of Shares     Price

         Outstanding at June 30, 2000, 1999 and 1998               --    $   --

             Granted                                           600,000     1.00
             Forfeited                                             --        --
             Exercised                                             --        --
                                                             ---------   ------

         Outstanding at June 30, 2000 and December 31, 2000    600,000   $ 1.00
         =======================================================================

         Weighted average fair value of options granted                  $   --
         =======================================================================


                                       13

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

11.      STOCK BASED COMPENSATION EXPENSE (cont'd.....)

         Following is a summary of the status of options outstanding at December
         31, 2000:

         =======================================================================

                                Outstanding Options          Exercisable Options
                          ---------------------------------  -------------------
                                       Weighted
                                        Average    Weighted             Weighted
                                      Remaining     Average              Average
                                    Contractual    Exercise             Exercise
         Exercise Price   Number           Life       Price    Number      Price
         -----------------------------------------------------------------------

         $ 1.00          600,000          3.45       $  1.00  600,000   $  1.00
         =======================================================================

         COMPENSATION

         Had  compensation  cost  been  recognized  on the  basis of fair  value
         pursuant to Statement of Financial  Accounting  Standards  No. 123, net
         loss and loss per share would have been adjusted as follows:

         =======================================================================

                                                 December 31,    December 31,
                                                         2000           1999
         -----------------------------------------------------------------------

         NET LOSS

             As reported                         $    (88,167)      $      --
                                                 ===============================

             Pro forma                           $    (88,167)      $      --
                                                 ===============================

         BASIC AND DILUTED LOSS PER SHARE

             As reported                         $      (0.01)      $      --
                                                 ===============================

             Pro forma                           $      (0.01)      $      --
         =======================================================================

         The fair  value of each  option  granted is  estimated  using the Black
         Scholes Option Pricing Model.  The assumptions used in calculating fair
         value are as follows:


         =======================================================================

                                          December 31,      December 31,
                                                  2000              1999
         -----------------------------------------------------------------------

         Risk-free interest rate                6.434%              --
         Expected life of the options          2 years              --
         Expected volatility                    0.001%              --
         Expected dividend yield                  --                --
         =======================================================================

                                       14

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

12.      COMMITMENTS

         a)   On March  7,  2000,  the  Company  entered  into a  Financing  and
              Management Agreement with Canalaska Ventures Ltd. ("Canalaska") to
              obtain   financing  for   information   technology   and  software
              development .

              The terms of the  agreement  between  the  Company  and  Canalaska
              includes the following provisions:

              Phase One required  Canalaska to issue a $30,000  convertible loan
              (received) to the Company and a further $70,000 (received) subject
              to  regulatory  approval.  The  entire  convertible  loan  must be
              converted to common  shares of the Company at a price of $0.25 per
              common share within 30 days of the Approval Date.

              In Phase Two Canalaska  made an additional  investment of $100,000
              (received). The entire convertible loan can be converted to common
              shares  of the  Company  at a price of  $0.40  per  common  share.
              Canalaska also earns a warrant that allows  Canalaska the right to
              purchase an equal number of additional  shares in the Company at a
              price  $1.30 per  common  share for a period of two years from the
              date each increment is executed or exercised.

              As of December 31,  2000,  Canalaska  has not received  regulatory
              approval and therefore all of the advances to December 31, 2000 in
              the amount of $200,000 are carried as a convertible loan (Note 8).
              Canalaska  has, as of December 31, 2000,  no more funds to advance
              or invest under the agreement as stipulated  above. As of December
              31, 2000 the Company is in discussions  with Canalaska with regard
              to the agreement, however, no resolution has been reached.

         b)   The  Company  entered  into  a  hardware  and  software  licensing
              agreement with Healthnet  International Inc. ("Healthnet") so that
              the Company may operate web-based e-commerce health stores.

              The terms of the  agreement  between  the  Company  and  Healthnet
              include the following provisions:

              The payment of an initial  license,  production  and set-up fee of
              $35,000  of  which  $10,000  is  payable  upon  execution  of  the
              agreement (paid).  The outstanding  balance was paid in five equal
              payments of $5,000 over a five month  period,  beginning one month
              following  the  execution of the  agreement.  The Company  further
              agreed  to pay  10% of the  initial  license  fee per  annum  as a
              renewal fee, and royalty fees based on monthly gross revenues.  In
              addition,  the Company agreed to pay marketing fees equal to 3% of
              quarterly sales (net of shipping) and a sub-license fee for use of
              the Super-Nutrition Distribution Inc. product database.

              The agreement shall  automatically renew for one year terms unless
              either party gives not less than three months  written notice that
              it wishes to have the agreement expire.

                                       15

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000
(Unaudited - Prepared by Management)

================================================================================

13.      RELATED PARTY TRANSACTIONS

         During the period ended December 31, 2000, the Company entered into the
following related party transactions:

         a)   The Company paid $3,000 to acquire  Independent  Outsider  Inc., a
              company controlled by common directors (Note 7).

         b)   The Company paid consulting  fees of $25,500  (December 31, 1999 -
              $Nil) to companies controlled by directors.

              Included  in accounts  payable as at  December  31, 2000 is $6,525
              (June 30, 2000 - $Nil) due to directors of the Company.

         No significant non-cash investing and financing  transactions  occurred
         during the period ended December 31, 2000.

14.      INCOME TAXES

         The Company's total deferred tax asset is as follows:

<TABLE>
<CAPTION>


         ===================================================================================

                                                                   December 31,     June 30,
                                                                           2000         2000

         -----------------------------------------------------------------------------------
         <S>                                                         <C>            <C>
         Tax benefit relating to net operating loss carryforwards    $  109,541     $ 64,388
         Valuation allowance                                           (109,541)     (64,388)
                                                                     ----------     --------

                                                                     $       --     $     --
         ===================================================================================
</TABLE>

         The Company has a net  operating  loss  carryforward  of  approximately
         $322,180 which expires in 2019, 2020 and 2001. The Company has provided
         a full  valuation  allowance on the  deferred tax asset  because of the
         uncertainty regarding realizability.

15.      FINANCIAL INSTRUMENTS

         The  Company's   financial   instruments   consist  of  cash  and  cash
         equivalents,  accounts payable and accrued  liabilities and convertible
         loans.  Unless  otherwise  noted, it is  management's  opinion that the
         Company is not  exposed to  significant  interest,  currency  or credit
         risks arising from these financial instruments. The fair value of these
         financial   instruments   approximate  their  carrying  values,  unless
         otherwise noted.

                                       16


<PAGE>



                                PLAN OF OPERATION

The following discussion of the plan of operations of the Company should be read
in  conjunction  with the  financial  statements  and the related  notes thereto
included  elsewhere in this quarterly report for the three months ended December
31, 2000. This quarterly report contains certain forward-looking  statements and
the  Company's  future  operation  results  could differ  materially  from those
discussed herein.

Before our appointment of Chris Bunka and Sudhir Khanna as management in May and
July, 1999, we had no operating history.  Since the appointment of Mr. Bunka and
Mr. Khanna, we have raised approximately $400,000 through private placements and
completed construction of the Newsgurus.com Beta website.

Our  continued  development  is almost  entirely  dependent  upon our receipt of
additional   equity   funding.   Our  rate  of   development   and  schedule  of
accomplishments  will be largely  influenced  by the quantity of equity  funding
received.

Our  corporate  operations  commenced  in  May,  2000  with  the  launch  of the
www.newsgurus.com   website   that  is  now  capable  of   processing   customer
transactions.  This beta version website has substantial e-commerce capabilities
allowing users to select and purchase  specified  content  contained  within the
"Your Money" sections of the website database, including individual pay-per-view
content and monthly  subscriptions.  We currently  publish  about 35 new written
articles per week. Over 20 journalists contribute content to this section of our
website.

Our co-branded  health and wellness  section was introduced in September,  2000.
Roughly  14,000  products  from the "Your  Health"  section  are  available  for
purchase. Over 30 journalists contribute content to this section of our website.

Continual  development  of our  website is  required.  As part of our  corporate
development,  we plan to expand the breadth of content  offered in our  existing
site  modules,  and to add  additional  content  under the topic,  "Your  Life".
Ongoing development costs will be substantial and will be necessary in order for
us to compete in the marketplace. For example, our beta version website requires
manual database indexing of submitted content.  Automated database index systems
are available and will be implemented in future versions of the website. This is
one of many features and systems that will make our website  competitive  within
its marketplace.

We are constantly pursuing partnerships and relationships with on-line companies
that  are  interested  in  purchasing   bulk   quantities  of  our  content  for
distribution  to others,  or that are  interested in  distributing  products and
services that they offer. We are pursuing relationships that will give us access
to knowledge  management  software systems.  We are pursuing  relationships that
will give us reseller status of knowledge  management  software  systems.  Wider
distribution  of content  and  products  appearing  at our  website  can help us
increase revenues and raise awareness of the www.newsgurus.com website.

We plan to undergo additional website development,  labelled Stage One and Stage
Two. Concurrent with site development, we plan to pursue corporate relationships
as noted above;  conduct  marketing  programs;  and  generally  carry out normal
business activities.  All our plans are dependent, in whole or in part, upon our
efforts at securing funding.

We must raise  additional  capital in order to execute our business  plan to the
extent and within the timelines anticipated. We do not currently have sufficient
funds to develop our business plan. We require $4 million in new equity in order
to execute our business plan within the next 12 months.  This would permit us to
complete our Stage One website development and to complete much of our Stage Two
development,  as earlier described. This level of funding would also allow us to
complete  most of our other  corporate  activities  as planned,  also as earlier
described. We will acquire additional funding after one year.

                                       17

<PAGE>


Our financial  statements have been prepared using generally accepted accounting
principles  applicable  to a going  concern.  We will not remain a going concern
without  additional  capital.   This  accounting   treatment   contemplates  the
realization of assets and liquidation of liabilities in the normal course of our
business.  However,  we have only modest  current  sources of  revenue.  Without
additional capital or greatly increased sources of revenue,  it is unlikely that
we will be able to continue as a going concern.

We can  function  at only the most  basic of  levels  during  the next 12 months
without additional  funding.  Our current funding level prohibits  deployment of
our  business  plan  however it will allow  basic  operation  of our website and
corporate existence.

If we raise sufficient funds, we expect to spend $1,500,000 on computer hardware
and software, and $1,900,000 on website development.  Computer hardware includes
servers,  routers and other  communications  equipment  to house and  distribute
website content. Hardware is also required to facilitate seamless communications
between content providers and the website. Computer software includes commercial
software  packages in the fields of  communications,  data management,  database
mining and automated database indexing.

Our projected website  development costs of as much as $1,900,000  include costs
of customized and proprietary code writing and project  management costs.  These
initiatives  are  expected  to  result in an  advanced  website  with  extensive
customer   management  and  processing   capabilities,   user-friendly   content
submission features, data mining and list management tools,  interactive content
request features, artificial intelligence modules and audio and video streaming.

We are  dependent on high traffic at our website.  To this end it is in our best
interests to build a useful and  informative  website that will attract  initial
interest from users, and continue to hold that interest over time.

We propose an extensive  marketing  program using both traditional and new media
as our forums. Subject to the availability of sufficient funds, we plan to spend
as much as $3,400,000 to market our products and services, and our website. This
will be sufficient to launch and operate a controlled  circulation magazine that
will market the NewsGurus website and brand, launch Internet-based marketing and
awareness initiatives,  conduct marketing campaigns using traditional media such
as print and radio, and participate in investment conferences and trade shows as
required.

We  intend  to  eventually  publish  a monthly  magazine  to be  distributed  by
traditional  methods  such as newspaper  inserts as a way of  attracting a wider
audience  for our content and to generate  additional  advertising  revenue.  If
successful,  this will  produce an important  revenue  stream  through  magazine
subscriptions and magazine  advertising,  while also marketing our website.  The
goal of the  magazine  would  be to  popularize  the  content  appearing  at the
website,  and to promote the NewsGurus brand,  while at the same time collecting
revenue from magazine  advertisers.  Per-page  advertising rates of US$5,000 per
issue could  conservatively  be expected at our projected  distribution  rate of
100,000  copies or more per month.  We expect that some of the magazine  readers
will be attracted to participate at the www.newsgurus.com  website to meet their
needs of more timely content delivery.

There are two potential phases to the NewsGurus Magazine  development:  first is
to consolidate the existing fractured  production and distribution  processes of
the individual  newsletter editors and their existing publications into a single
print magazine. Thus the content from several newsletters,  as well as some from
our website,  will be combined into one regularly issued print magazine.  Second
is to use as-yet  undeveloped  technology  at NewsGurus to utilize the user data
gathered at our site to produce  individualized  print magazines.  This proposed
second evolution of the magazine can only occur if we substantially complete our
equity funding requirements.

Eventually,  we hope to be able to offer similarly  customized and  personalized
content  available in print;  audio; and video mediums,  using both the Internet
and  conventional  distribution  methods.  Our goal always  remains the same: to
leverage  content  acquired by us at low cost; add value to the content  through
developing personalization technology; and distributing it via both the Internet
and conventional mediums.

                                       18

<PAGE>


On April 1, 2000,  we engaged  Chris Bunka and Sudhir  Khanna as full-time  paid
consultants.  Mr. Bunka and Mr. Khanna each currently  devote more than 50 hours
per week to our business.

Subsequent to December 31, 2000, we engaged  Lionel Prins and Darrell  Woronchak
as paid  consultants  in order to develop  revenue  streams and potential  joint
venture relationships.

In November,  1999, we engaged the services of Nebular  Research and Development
Co. of Toronto,  Canada.  Nebular was chosen to construct the Newsgurus  website
under the  direction  of Sudhir  Khanna.  Nebular  has  devoted  four  full-time
employees  to  the  development  of our  website.  Since  the  beta  stage  site
development  is now  complete,  Nebular  is  working  for us only on a care  and
maintenance basis until such time as we have secured additional funding. We have
no other direct or indirect employees.

We expect to hire as many as twelve  persons in positions of direct  employment,
sub-contractual  relationships,  and  full-time  consultants  over  the  next 12
months.  These  positions  will  include  a Chief  Operating  Officer,  computer
programmers,  secretarial and back-office  personnel,  editors and copy writers.
The actual  number of persons we  eventually  employ will be  determined  by our
ability to attract equity investment into our company.

"CAUTIONARY  STATEMENT  FOR  PURPOSES  OF THE "SAFE  HARBOR"  PROVISIONS  OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Except for historical matters,
the matters discussed in this Form 10-QSB are  forward-looking  statements based
on current  expectations  and involve risks and  uncertainties.  Forward-looking
statements  include,  but are not limited  to,  statements  under the  following
heading:  "Managements Discussion And Analysis Or Plan Of Operations" the timing
and  expected  profitable  results of  publishing  and sales and the need for no
additional financing.

                                     PART II

                                OTHER INFORMATION

Item 1.           LEGAL PROCEEDINGS

                  None

Item 2            CHANGES IN SECURITIES AND USE OF PROCEEDS

                  None

Item 3            DEFAULTS UPON SENIOR SECURITIES

                  None

Item 4            SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         (a)      We held an annual general meeting on October 27, 2000.

         (b)      Our annual general meeting involved the election of directors.
                  Chris  Bunka,   Sudhir  Khanna  and  Stephen  Encarnacao  were
                  re-elected directors of our company.

         (c)      The first  matter  which was  voted on at our  annual  general
                  meeting  was  the  election  of  directors.   4,618,500  votes
                  received  were cast for and zero votes were  received  against
                  the  election  of  Chris  Bunka,  Sudhir  Khanna  and  Stephen
                  Encarnacao as the directors of the Company.

                  The second  matter  which was voted on at our  annual  general
                  meeting was the election of auditors. 4,618,500 votes received
                  were  cast  for and  zero  votes  were  received  against  the
                  election of Davidson & Company as our  auditors for the fiscal
                  year ending June 30, 2001

         (d)      Not applicable.

                                       19

<PAGE>

Item 5            OTHER INFORMATION

                  None

Item 6            EXHIBITS AND REPORTS ON FORM 8-K

                  (a)      Exhibits

                           Exhibit 27.1     Financial Data Schedule

                  (b)      Reports on Form 8-K

                           None

                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                        NEWSGURUS.COM, INC.
                                        (formerly Annex Business Resources Inc.)


Dated:  February 12, 2001               Per: /s/ Chris Bunka
                                             -----------------------------------
                                             Chris Bunka, President and Director


                                       20