**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 SEPTEMBER 30, 2001

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:		9,495,000 common shares as at September 30, 2001

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

**NEWSGURUS.COM, INC.**

(formerly Annex Business Resources Inc.)

INDEX

PART 1.	FINANCIAL INFORMATION

Item 1.		Financial Statements

Consolidated Balance Sheets as of

September 30, 2001 and September 30, 2000

Consolidated Statements of Operations for the periods ended

September 30, 2001 and September 30, 2000

Consolidated Statements of Cash Flows for the periods ended

September 30, 2001 and September 30, 2000

Consolidated Statements of Changes in Stockholders' Equity

Notes to Consolidated Financial Statements

Item 2		Plan of Operation

PART II.	OTHER INFORMATION

Item 1		Legal Proceedings

Item 2		Changes in Securities

Item 3		Defaults Upon Senior Securities

Item 4		Submission of Matters to a Vote of Security Holders

Item 5		Other Information

Item 6		Exhibits and Reports on Form 8K

SIGNATURES

**NEWSGURUS.COM, INC.**

**(A Development Stage Company)**

**CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited ­ Prepared by Management)**

**SEPTEMBER 30, 2001**

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

CONSOLIDATED BALANCE SHEETS

(Unaudited ­ Prepared by Management)

|                                                 | September 30,2001                                       | June 30,

2001
|------------------------------------------------ | ------------------------------------------------------- | --------------
|                                                 |                                                         |               
|**ASSETS**                                       | ****                                                    |               
|                                                 |                                                         |               
|**Current**                                      | ****                                                    |               
|Cash and cash equivalents                        | $	1,763                                                 | $	7,526       
|Accounts receivable                              | 963                                                     | -             
|Marketable securities                            | 1                                                       | 1             
|Prepaid advertising expenses (Note 4)            | -                                                       | 187,500       
|                                                 |                                                         |               
|Total current assets                             | 2,727                                                   | 195,027       
|                                                 |                                                         |               
|**Capital assets**                               | 5,731                                                   | 5,955         
|**Web site development costs**                   | 123,955                                                 | 130,058       
|**Other assets**                                 | 2,036                                                   | 2,327         
|                                                 |                                                         |               
|**Total assets**                                 | ****$	134,449                                           | $	333,367     
|                                                 |                                                         |               
|**LIABILITIES AND STOCKHOLDERS' EQUITY**         |                                                         |               
|                                                 |                                                         |               
|**Current**                                      | ****                                                    |               
|Accounts payable and accrued liabilities         | $	31,652                                                | $	23,356      
|Convertible loan (Note 5)                        | 220,000                                                 | 216,500       
|                                                 |                                                         |               
|Total current liabilities                        | $	251,652                                               | 239,856       
|                                                 |                                                         |               
|**Stockholders' equity**                         |                                                         |               
|Capital stock (Note 6)                           |                                                         |               
|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                           |                                                         |               
|9,495,000                                        | common shares (June 30, 2001 ­ 9,815,000 common shares) | 9,495         
|Additional paid in capital                       | 252,680                                                 | 398,610       
|Deficit accumulated during the development stage | (379,378)                                               | (314,914)     
|                                                 |                                                         |               
|Total stockholders' equity                       | (117,203)                                               | 93,511        
|                                                 |                                                         |               
|**Total liabilities and stockholders' equity**   | $	134,449                                               | $	333,367     

**History and organization of the Company** (Note 1)

**Commitments** (Note 7)

|**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.

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited ­ Prepared by Management)

|                                               | Period From

Inceptionon May 16,1997 toSeptember 30,2001 | Three Month

Period EndedSeptember 30,2001 | Three Month

Period EndedSeptember 30,2000
|---------------------------------------------- | -------------------------------------------------------- | ------------------------------------------ | ------------------------------------------
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**REVENUE**                                    | ****$180,632                                             | $9,835                                     | $1,517                                    
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**EXPENSES**                                   |                                                          |                                            |                                           
|Advertising                                    | 14,865                                                   | 11,250                                     | -                                         
|Amortization                                   |                                                          | 3,087                                      | 921                                       
|Amortization of web-site development costs     | 40,643                                                   | 8,129                                      | -                                         
|Consulting fees                                | 147,650                                                  | 30,300                                     | 12,750                                    
|Direct mail costs                              | 111,507                                                  | 1,100                                      | -                                         
|Licences and fees                              | 13,570                                                   | 2,421                                      | 2,346                                     
|Office and miscellaneous                       | 22,686                                                   | 3,722                                      | 6,823                                     
|Professional fees                              | 148,495                                                  | 8,750                                      | 20,815                                    
|Site maintenance                               | 3,458                                                    | -                                          | -                                         
|Travel and promotion                           | 21,013                                                   | 2,040                                      | 6,560                                     
|                                               |                                                          |                                            |                                           
|                                               | (530,411)                                                | (70,799)                                   | (50,215)                                  
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**Loss before other items**                    | (349,779)                                                | (60,964)                                   | (48,698)                                  
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**OTHER ITEMS**                                |                                                          |                                            |                                           
|Write-down of marketable securities            | 9,599                                                    | -                                          | -                                         
|Interest on loan (Note 5)                      | 20,000                                                   | 3,500                                      | -                                         
|                                               |                                                          |                                            |                                           
|                                               | 29,599                                                   | (3,500)                                    | -                                         
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**Loss for the period**                        | $(379,378)                                               | $(64,464)                                  | $(48,698)                                 
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**Basic and diluted loss per common share**    |                                                          | $(0.01)                                    | $(0.01)                                   
|                                               |                                                          |                                            |                                           
|                                               |                                                          |                                            |                                           
|**Weighted average common shares outstanding** |                                                          | 9,947,222                                  | 9,290,000                                 

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

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited ­ Prepared by Management)

|                                               | Period FromInceptionon May 16,1997 toSeptember 30,2001 | Three Month

Period EndedSeptember 30,2001 | Three Month

Period EndedSeptember 30,2000
|---------------------------------------------- | ------------------------------------------------------ | ------------------------------------------ | ------------------------------------------
|                                               |                                                        |                                            |                                           
|                                               |                                                        |                                            |                                           
|                                               |                                                        |                                            |                                           
|**CASH FLOWS FROM OPERATING ACTIVITIES**       |                                                        |                                            |                                           
|Loss for the period                            | $(379,378)                                             | $(64,464)                                  | $(48,698)                                 
|Items not affecting cash:                      |                                                        |                                            |                                           
|Amortization                                   | 6,524                                                  | 3,087                                      | 921                                       
|Amortization of web-site development costs     | 40,643                                                 | 8,129                                      | -                                         
|Stock issued for services                      | 64,000                                                 | 41,250                                     | -                                         
|Interest accrued on convertible loan           | 20,000                                                 | 3,500                                      | -                                         
|                                               |                                                        |                                            |                                           
|Changes in non-cash working capital items:     |                                                        |                                            |                                           
|(Increase) decrease in accounts receivable     | (963)                                                  | (963)                                      | 1,795                                     
|Increase in marketable securities              | (9,600)                                                | -                                          | -                                         
|Decrease in deposit                            | -                                                      | -                                          | 10,000                                    
|Increase in accounts payable                   | 31,652                                                 | 8,296                                      | 7,547                                     
|                                               |                                                        |                                            |                                           
|****	Net cash used in operating activities     | (227,122)                                              | (1,165)                                    | (28,435)                                  
|                                               |                                                        |                                            |                                           
|                                               |                                                        |                                            |                                           
|**CASH FLOWS FROM FINANCING ACTIVITIES**       |                                                        |                                            |                                           
|****	Convertible loan                          | 200,000                                                | -                                          | 50,000                                    
|****	Issuance of capital stock                 | 198,175                                                | -                                          | -                                         
|                                               |                                                        |                                            |                                           
|****	Net cash provided by financing activities | 398,175                                                | -                                          | 50,000                                    
|                                               |                                                        |                                            |                                           
|                                               |                                                        |                                            |                                           
|**CASH FLOWS FROM INVESTING ACTIVITIES**       |                                                        |                                            |                                           
|****	Acquisition of capital assets             | (11,292)                                               | (2,573)                                    | (3,788)                                   
|Acquisition of subsidiary                      | (3,000)                                                | -                                          | -                                         
|****	Web site development costs                | (164,597)                                              | (2,025)                                    | (43,971)                                  
|Write-down of marketable securities            | 9,599                                                  | -                                          | -                                         
|                                               |                                                        |                                            |                                           
|****	Net cash used in investing activities     | (169,290)                                              | (4,598)                                    | (47,759)                                  





-  *continued*  -

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

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited ­ Prepared by Management)

|                                                              | Period FromInceptionon May 16,1997 toSeptember 30,2001 | Three Month

Period EndedSeptember 30,2001 | Three Month

Period EndedSeptember 30,2000
|------------------------------------------------------------- | ------------------------------------------------------ | ------------------------------------------ | ------------------------------------------
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|*Continued*                                                   | **                                                     |                                            |                                           
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|**Change in cash and cash equivalents during the period**     | $1,763                                                 | $(5,763)                                   | $(26,194)                                 
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|**Cash and cash equivalents, beginning of the period**        | -                                                      | 7,526                                      | 83,430                                    
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|**Cash and cash equivalents, end of the period**              | $1,763                                                 | $1,763                                     | $57,236                                   
|                                                              |                                                        |                                            |                                           
|                                                              |                                                        |                                            |                                           
|**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                             | $	64,000                                               | $	41,250                                   | -                                         
|Common shares issued for acquisition of subsidiary            | 3,500                                                  | -                                          | -                                         
|Common shares issued for prepaid advertising                  | 187,500                                                | -                                          | -                                         

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

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

(Unaudited ­ Prepared by Management)

|                                 | Common Stock    | Additional | Deficit

AccumulatedDuring the | Total             
|-------------------------------- | --------------- | ---------- | ------------------------------ | ------------------
|                                 | Shares          | Amount     | Paid in

Capital               | Development

Stage
|                                 |                 |            |                                |                   
|                                 |                 |            |                                |                   
|                                 |                 |            |                                |                   
|**Balance, June 30, 2001**       | **** 	9,815,000 | $9,815     | $398,610                       | $(314,914)        
|                                 |                 |            |                                |                   
|Common stock issued for services | 150,000         | 150        | 29,850                         | -                 
|                                 |                 |            |                                |                   
|Cancellation of shares           | (500,000)       | (500)      | (187,000)                      | -                 
|                                 |                 |            |                                |                   
|Common stock issued for services | 30,000          | 30         | 11,220                         | -                 
|                                 |                 |            |                                |                   
|Loss for the period              | -               | -          | -                              | (64,464)          
|                                 |                 |            |                                |                   
|                                 |                 |            |                                |                   
|**Balance, September 30, 2001**  | 9,495,000       | $9,495     | $252,680                       | $(379,378)        

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

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited ­ Prepared by Management)

SEPTEMBER 30, 2001



**1.	HISTORY AND ORGANIZATION OF THE COMPANY**

NewsGurus.Com, Inc. ("the Company") was incorporated on May 16, 1997 under the laws of Nevada.  The
Company's principal business consists of providing opinion and information in the areas of money, health and
lifestyles and eventually into e-commerce through the Internet.

**2.	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 $64,464 for the period and aggregate losses from inception to September 30, 2001 of $379,378.  The
Company anticipates expending approximately $500,000 over the next twelve months in pursuing its anticipated
plan of operations.  The Company anticipates covering these costs by operating revenues and additional equity
financing.  The Company has entered into a convertible debt agreement for $200,000 of which it has received all the
proceeds as of September 30, 2001. Subsequent to September 30, 2001, the Company agreed to settle the debt by
having two of the existing shareholders assume the debt in exchange for 675,000 shares belonging to those
shareholders and those shareholders receiving 443,000 shares of the Company at a deemed price of $0.25 per share
in order to compensate them for the assumption of the debt.  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.

**3.	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 generally accepted accounting principles and should be read in conjunction
with the audited financial statements of the Company for the year ended June 30, 2001. The results of operations for
the period ended September 30, 2001 are not necessarily indicative of the results to be expected for the year ending
June 30, 2002.

**4.	PREPAID ADVERTISING EXPENSES**

Prepaid advertising expenses are for prepaid contract advertising.  Pursuant to an agreement with News USA, Inc.,
the Company issued 500,000 shares of the Company in exchange for advertising media availabilities in News USA,
Inc. media.  This media was to be made available to the Company on an as ordered basis for a period of 12 months.
This prepaid advertising was to be expensed as the Company orders advertising from News USA, Inc.  During the
current period, the Company reached a definitive agreement with News USA Inc. to substantially cancel the
marketing arrangement.  The Company cancelled the certificate for 500,000 shares and issued a new share
certificate for 30,000 shares for the limited number of services that have been performed to date of the cancellation.

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited ­ Prepared by Management)

SEPTEMBER 30, 2001



**5.	CONVERTIBLE LOAN**

|                        |                   |               
|----------------------- | ----------------- | --------------
|                        | September 30,2001 | June 30,

2001
|                        |                   |               
|Canalaska Ventures Ltd. | $	220,000         | $	216,500     

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.  To date, $20,000 of interest has been accrued.  During the current period,
the Company agreed to a settlement (note 9).

**6.	CAPITAL STOCK**

On July 10, 2001, the Company issued 50,000 shares with a value of $10,000 as payment for general public
relations services.

On July 11, 2001, the Company issued 100,000 shares with a value of $20,000 as payment for sales and marketing.

During the current period, the Company cancelled 500,000 shares which were initially issued as part of a marketing
agreement (Note 4).  Capital stock and contributed surplus have reduced by $500 and $187,000, respectively, to
eliminate the value initially recorded on issuance.

During the current period, the Company issued 30,000 shares with a value of $11,250 as payment of fees for
marketing services.

**7.	COMMITMENTS**

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

To date, the Company has received $200,000 from Canalaska. Canalaska has the option to convert the first
$100,000 loan into common shares of the Company at a price of $0.25 per share within 30 days of the Canadian
Venture Exchange approving the loan agreement. The remaining $100,000 can be converted to common shares
of the Company at a price of $0.40 per share.

As of June 30, 2001, Canalaska has not received regulatory approval and therefore all of the advances to June
30, 2001 in the amount of $200,000 are carried as a convertible loan (Note 5).  Subsequent to September 30,
the Company settled the debt as set forth in Note 9.

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited ­ Prepared by Management)

SEPTEMBER 30, 2001



**7.	COMMITMENTS** (cont'd)

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 Company paid $35,000 for an initial license, production and set-up fee and is required 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. To date there have been no sales.

During the period, the Company and Healthnet mutually agreed to terminate the agreement.

c)	On July 10, 2001, the Company entered into a consulting agreement for general public relations services
whereby it agreed to issue 100,000 common shares of the Company.  To September 30, 2001, only 50,000
shares had been issued to the consultant under the agreement.  The remaining 50,000 shares will be issued to
the consultant if and when the work to earn the shares has been performed.

On July 11, 2001, the Company entered into a consulting agreement for sales and marketing services whereby it
agreed to issue 150,000 common shares of the Company.  To September 30, 2001, only 100,000 shares had
been issued to the consultant under the agreement.  The remaining 50,000 shares will be issued to the
consultant if and when the work to earn the shares has been performed.

**8.	RELATED PARTY TRANSACTIONS**

During the period ended September 30, 2001, the Company entered into the following related party transactions:

a)	The Company paid consulting fees of $Nil (September 30, 2000 - $12,750) to companies controlled by
directors.

b)	Included in accounts payable as at September 30, 2001 is $4,723 (September 30, 2000 - $6,673) due to a
director of the Company.

c)	The Company paid $Nil (September 30, 2000 - $3,000) to acquire Independent Outsider Inc., a company
controlled by common directors.

The amounts charged to the Company for the services provided have been determined by negotiation among the
parties and, in certain cases, are covered by signed agreements.  These transactions were in the normal course of
operations and were measured at the exchange value which represented the amount of consideration established and
agreed to by the related parties.

**NEWSGURUS.COM, INC.**

(A Development Stage Company)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited ­ Prepared by Management)

SEPTEMBER 30, 2001



**9.	SUBSEQUENT EVENTS**

The following events occurred subsequent to September 30, 2001:

a)	The Company entered into a settlement agreement with Canalaska Ventures Ltd. to settle the convertible loan.
The Company has agreed to settle the debt by having two of the existing shareholders assume the debt in
exchange for 675,00 shares belonging to those shareholders and those shareholders receiving 443,000 shares of
the Company at a deemed price of $0.25 per share in order to compensate them for the assumption of the debt.

b)	The Company entered into a definitive discussion to merge with C3I Operations, Inc., a private company based
in Phoenix, AZ.

**Plan of Operation**



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, completed construction of the initial
Newsgurus.com website, and began general operations.

Our corporate operations commenced in May, 2000 with the launch of the www.newsgurus.com website
which 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
website database.  This includes individual pay-per-view content, monthly subscriptions and user-selected personalized electronic magazines.

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 report for the three
months ended September 30, 2001.  This report contains certain forward-looking statements and the
Company's future operation results could differ materially from those discussed herein.

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.

The difficult business environment of the past 15 months significantly deteriorated during the most
recent 3 months. The terrorist acts on September 11 have impacted our ability to raise capital, to collect
marketing and advertising revenue, and to pursue our original business plan.

Progress was made with increased traffic at the corporate website and increased participation from an
ever-widening group of writers and journalists.

In light of the events of September 11th, management has decided the earlier announced $16 million
marketing campaign is not in the company's best interests at this time. It has therefore revoked the
issuance of 500,000 shares previously issued for this prepaid advertising, and instead issued 30,000
shares to cover the costs of those services already provided.

The $200,000 convertible debenture held by Canalaska has been converted into equity. The Company
will issue a total of 886,000 shares to complete this matter, including interest. As a result of these
transactions, the Company now has no long-term debt.

Management accelerated considerably its earlier announced initiatives towards substantially reinforcing
its revenue model in order for the company to succeed in the difficult business environment.  Many
opportunities have been and continue to be investigated. The Company does not believe that its best
opportunities currently lie within the field of online media.

NewsGurus earlier announced its acquisition of certain rights to the NtrantTM ERM software system
designed to assist with knowledge management issues in small and medium sized companies. While no
revenue has been produced as a result of this relationship, the company is in active discussions with
several third parties regarding strategies to leverage this technology.

While no additional technological development is required to enable the Company to offer its existing
suite of products and services, NewsGurus.com Inc requires additional development funds in order to
offer additional products and services.  Those costs could be substantial and even necessary expenditures
in order for the Company to remain competitive. The Company does not plan on making any substantial
expenditures in media sectors at this time.

NewsGurus continues its efforts to leverage the knowledge gleaned through media distribution towards
revenue streams.  In January 2001, the Company began its first real efforts at generating revenue as it felt
that product and services development had matured sufficiently to allow initial revenue streams to flow.
Most of the revenue generated since was marketing related, leveraging as planned the NewsGurus retail
web audience as well as other audiences. This sector is viable but under severe stress due to the
deteriorated marketing environment.

Management believes current trading activity substantially undervalues NewsGurus.com Inc. and
continues to work diligently to create shareholder value.

All our plans are dependent, in whole or in part, upon our efforts at securing funding.  To that end
management is working at all times to secure acceptable funding that allows the company to continue
with its development.  We plan to undergo additional website and technological development as funds
are available.  Concurrent with site development, we plan to pursue corporate relationships as noted
above; conduct marketing programs; and generally carry out normal business activities. Management is
also considering other options including the entry into entirely new areas of business and even the
potential elimination of its current business plan.

We do not currently have sufficient funds to develop our business plans.  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.

High traffic at our website strengthens our current business plan.  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.

In August, 2001, we test-published our first effort at launching a regular periodical named NewsGurus
magazine. Again subject to necessary availability of funds, 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.  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.

Management's vision is that NewsGurus be the premier supplier to individuals and Small and Medium
Sized Enterprises (SME's) of business intelligence and knowledge management products and services in
North America.  To get there, the Company must apply the knowledge it is gaining through its role as a
vertical provider of media and media services, towards the fulfilment of specific knowledge for
individual clients.  IBM estimates that SME's will spend us$330 billion on IT products and services this
year.

Subsequent to September 30, the Company announced it had entered formal discussions with C3I
Operations, Inc, a private company based in Phoenix AZ, with the intent to merge the two companies.
Such discussions continue and it is management's belief that increased shareholder value could result
from a successful conclusion of such discussions. Management is additionally pursuing other
opportunities in the field of intelligent data flows and security with other, unrelated companies.



Chris Bunka remains our CEO, Chairman and President. Sudhir Khanna remains our VP of Information
Technology.  Darrell Woronchak was appointed as our VP Business Development during this past year.
The Company has no other full-time employees or consultants, but does rely as needed on outside
consultants to meet its operating and development requirements.

Since November, 1999, Nebular Research and Development Co. of Toronto, Canada has remained our
primary technology partner.  Nebular was chosen to construct the Newsgurus website under the direction
of Sudhir Khanna.  Since the beta stage site development is now complete, Nebular is working for us on
a care and maintenance basis until such time as we have secured additional funding. Nebular is also the
creator of the NtrantTM Enterprise Resource Management system that NewsGurus is currently marketing.

We expect to hire additional persons in positions of direct employment, sub-contractual relationships,
and full-time consultants over the next 12 months.  Such positions will be dependent upon our ability to
raise expansion capital and the outcome of discussion related to mergers or other opportunities.

NewsGurus.com Inc. thanks its shareholders for their support.  Management is extraordinarily dedicated
towards increasing shareholder value and is looking forward to success ahead despite the difficult
business environment.

"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-KSB 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

None

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:  November 14, 2001			Per:	/s/         Chris Bunka

Chris Bunka, President and Director

c:\data\wp\gurus\form10.qsb\mar31-01.qsb\mar31-01 - Newsgurus.com