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 MARCH 31, 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:        9,315,000 common shares as at
March 31, 2001

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



<PAGE>


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


                                      INDEX

PART 1.  FINANCIAL INFORMATION

         Item 1.   Financial Statements.......................................3
                   Consolidated Balance Sheets as of
                   March 31, 2001 and June 30, 2000...........................4

                   Consolidated Statements of Operations for the periods ended
                   March 31, 2001 and March 31, 2000..........................5

                   Consolidated Statements of Cash Flows for
                   the periods ended March 31, 2001 and March 31, 2000........6

                   Consolidated Statements of Changes in Stockholders' Equity.7

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

         Item 2    Plan of Operation.........................................18

PART II. OTHER INFORMATION...................................................20

         Item 1    Legal Proceedings.........................................20

         Item 2    Changes in Securities.....................................20

         Item 3    Defaults Upon Senior Securities...........................20

         Item 4    Submission of Matters to a Vote of Security Holders.......20

         Item 5    Other Information.........................................21

         Item 6    Exhibits and Reports on Form 8K...........................21


         SIGNATURES..........................................................21


                                       2

<PAGE>




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


                        CONSOLIDATED FINANCIAL STATEMENTS
                      (UNAUDITED - PREPARED BY MANAGEMENT)


                                 MARCH 31, 2001



                                       3
<PAGE>


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

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

                                                                                       March 31,         June 30,
                                                                                            2001             2000
------------------------------------------------------------------------------------------------- ----------------
<S>                                                                             <C>               <C>

ASSETS

CURRENT
    Cash and cash equivalents                                                   $         2,564   $        83,430
    Accounts receivable                                                                  66,205             3,000
    Marketable securities                                                                 2,880               --
    Deposits                                                                                --             10,000
                                                                                ---------------   ---------------

                                                                                         71,649            96,430
CAPITAL ASSETS (Note 5)                                                                   4,695             3,670
WEB SITE DEVELOPMENT COSTS (Note 6)                                                     122,427            90,300
OTHER ASSETS (Note 7)                                                                     2,327               --
                                                                                ---------------   --------------

TOTAL ASSETS                                                                    $       201,098   $       190,400
================================================================================================= ================

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT
    Accounts payable and accrued liabilities                                    $        77,114   $        23,540
    Convertible loan (Note 8)                                                           200,000           100,000
                                                                                ---------------   ---------------

                                                                                        277,114           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                                                          211,610           192,885
    Deficit accumulated during the development stage                                   (296,941)         (185,315)
                                                                                ---------------   ---------------

                                                                                        (76,016)           66,860
                                                                                ---------------   ---------------

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                      $       201,098   $       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
------------------------------                 ----------------------------
Chris Bunka                                     Sudhir Khanna

              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,       Nine Month       Nine Month      Three Month      Three Month
                                               1997 to     Period Ended     Period Ended     Period Ended     Period Ended
                                             March 31,        March 31,        March 31,        March 31,        March 31,
                                                  2001             2001             2000             2001             2000
-------------------------------------- ---------------- ---------------- ---------------- ---------------- ----------------


<S>                                    <C>              <C>              <C>              <C>              <C>

REVENUE
    Marketing revenue                  $       116,280  $       113,280  $           --   $       111,364  $            --
                                       ---------------  ---------------  ---------------  ---------------     -------------

EXPENSES
    Advertising                                  3,615              --                --             --                 --
    Amortization                                 2,498            2,121              588              109              233
    Bad debts                                       --               --               --           (1,067)              --
    Bank charges                                   311              179               92               36               93
    Computer                                     1,061            1,061               --              430               --
    Consulting fees                            149,900           71,400               --           41,000               --
    Credit card fees                               604              604               --              227               --
    Direct mail costs                           73,407           73,407               --           73,407               --
    Licences and fees                            9,739            7,769              509            2,478              921
    Office and miscellaneous                    12,994            5,269              909            3,730              559
    Professional fees                          129,252           46,085           53,283            5,800           38,839
    Site maintenance                             1,500            1,500               --            1,500               --
    Telephone                                      940              914               26              112               12
    Travel and promotion                        20,680            7,877            2,407              270            2,407
                                       ---------------  ---------------  ---------------  ---------------  ---------------

                                              (406,501)        (218,186)         (57,814)        (128,032)         (43,064)
                                       ---------------  ---------------  ---------------  ---------------  ---------------

OTHER ITEM
    Write-down of marketable
       securities                               (6,720)          (6,720)             --            (6,720)              --
                                       ---------------  ---------------  ---------------  ---------------  --------------


NET LOSS FOR THE PERIOD                $      (296,941) $      (111,626) $       (57,814) $       (23,388) $        (43,064)
====================================== ================ ================ ================ ================ ================


BASIC AND DILUTED LOSS PER
    COMMON SHARE                                        $         (0.02)  $        (0.01)           (0.01)            (0.01)
====================================== ================ ================ ================ ================ ================


WEIGHTED AVERAGE COMMON
    SHARES OUTSTANDING                                        9,305,714        5,578,903        9,315,000         6,495,010
====================================== ================ ================ ================ ================ ================

</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,        Nine Month       Nine Month
                                                                                 1997 to      Period Ended     Period Ended
                                                                               March 31,         March 31,        March 31,
                                                                                    2001              2001             2000
------------------------------------------------------------------------ ---------------- ----------------- ----------------
<S>                                                                      <C>              <C>               <C>

CASH FLOWS FROM OPERATING ACTIVITIES
    Net loss for the period                                              $      (296,941) $       (111,626) $       (57,814)
    Items not affecting cash:
       Amortization                                                                2,498             2,121              588
       Stock issued for services                                                  22,750            18,750            3,500

    Changes in non-cash working capital items:
       Increase in accounts receivable                                           (66,205)          (66,205)            (200)
       Decrease in deposit                                                            --            10,000               --
       Increase in accounts payable                                               77,114            53,574           37,197
                                                                         ---------------  ----------------  ---------------

    Net cash used in operating activities                                       (260,784)          (93,386)         (16,729)
                                                                         ---------------  ----------------  ---------------

CASH FLOWS FROM FINANCING ACTIVITIES
    Convertible Loan                                                             200,000            50,000               --
    Share capital                                                                198,175                --          192,998
                                                                         ---------------  ----------------  ---------------

    Net cash provided by financing activities                                    398,175            50,000          192,998
                                                                         ---------------  ----------------  ---------------

CASH FLOWS FROM INVESTING ACTIVITIES
    Acquisition of capital assets                                                 (9,520)           (2,473)           2,763
    Web site development costs                                                  (122,427)          (32,127)         (54,622)
    Increase in marketable securities                                             (2,880)           (2,880)              --
                                                                         ---------------  ----------------  --------------

    Net cash used in investing activities                                       (134,827)          (37,480)         (51,859)
                                                                         ---------------  ----------------  ---------------

CHANGE IN CASH AND CASH EQUIVALENTS DURING THE PERIOD                              2,564           (80,866)         124,410

CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD                                    --            83,430               --
                                                                         ---------------  ----------------  --------------

CASH AND CASH EQUIVALENTS, END OF THE PERIOD                             $         2,564  $          2,564  $       124,410
======================================================================== ================ ================= ================

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

SUPPLEMENTAL DISCLOSURE OF NON-CASH 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 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                           --              --            --        (111,626)           --         (111,626)
                                      -------------  -------------  ------------   -------------  -------------    ------------

BALANCE, MARCH 31, 2001                   9,315,000  $       9,315  $    211,610  $     (296,941) $         --    $     (76,016)
===================================== ============== ============== ============= ============== ==============   ============
</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
MARCH 31, 2001
(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 Statement
         of Financial Accounting Standards ("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.


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
         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 March 31, 2001 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 $296,941 for the period from
         inception to March 31, 2001. 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. The
         Company has entered into a convertible debt agreement for $200,000 of
         which it has received all the proceeds as of March 31, 2001. 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. 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
MARCH 31, 2001
(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 ("FASB")
         issued SFAS 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.

         MARKETABLE SECURITIES

         In May 1993, the FASB issued SFAS No. 115, "Accounting for Certain
         investments in Debt and Equity Securities", which became effective for
         years beginning after December 31, 1993. The statement requires that
         certain investments be classified into available-for-sale or trading
         securities stated at fair market values. Any unrealized holding gains
         or losses are to be reported as a separate component of shareholders'
         equity until realized for available-for-sale securities, and included
         in earnings for trading securities.

         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.

                                       9

<PAGE>
NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================

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

         INCOME TAXES

         Income taxes are provided in accordance with SFAS 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 a straight line basis.

         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998, the FASB issued SFAS No. 133 "Accounting for Derivative
         Instruments and Hedging Activities" 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, 1999. In June 2000, the FASB
         issued SFAS No. 138, which is a significant amendment to SFAS 133. The
         Company does not anticipate that the adoption of these statements will
         have a significant impact on its financial statements.

         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

MARKETABLE SECURITIES
<TABLE>
<CAPTION>
====================================== ================ =================

                                              March 31,          June 30,
                                                   2001              2000
-------------------------------------- ---------------- -----------------

<S>                                    <C>              <C>
Trading securities                     $         2,800  $           --
====================================== ================ =================
</TABLE>

           For the nine month period ended March 31, 2001, the Company
               recognized a holding loss of $6,720 (2000 - $Nil).

                                       10
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================



5.       CAPITAL ASSETS
<TABLE>
<CAPTION>

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

                                                                                       Net Book Value
                                                                             ----------------------------------

                                                                 Accumulated        March 31,          June 30,
                                                      Cost      Amortization             2001              2000
         ------------------------------------------------- ----------------- ---------------- -----------------

<S>                                       <C>              <C>               <C>              <C>
         Computer equipment               $         5,732  $         1,037   $         4,695  $          3670
         Computer software                            688              688                --              --
                                          ---------------  ---------------   ---------------  --------------

                                          $         6,420  $         1,725   $         4,695  $         3,670
         ================================================= ================= ================ =================
</TABLE>


6.       WEB SITE DEVELOPMENT COSTS

         Web site development costs of $157,427 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 March 31, 2001, 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 of $3,000 has been allocated to other assets which
         consist of an intangible right to merchant credit.


8.       CONVERTIBLE LOAN
<TABLE>
<CAPTION>

         =========================================================== =================
                                                          March 31,         June 30,
                                                               2001             2000
         ----------------------------------------------------------- -----------------

<S>                                                 <C>              <C>
         Canalaska Ventures Ltd.                    $       200,000  $       100,000
         =========================================================== =================
</TABLE>

         The convertible loan bears interest at a rate of 7% per annum and was
         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. The loan has
         not been formally renegotiated. The Company is currently in negotiation
         with lenders regarding the repayment of the existing loan. The lender
         has made no formal demand for the payments.

                                       11

<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================

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
         statement of 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.

         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.

                                       12
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================


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

         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 March 31, 2001, the Company had outstanding stock options,
         enabling the holders to acquire the following number of common shares:
<TABLE>
<CAPTION>

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

             <S>         <C>       <C>
              600,000     $  1.00  February 1, 2005
         ============= =========== ==========================================
</TABLE>

         As at March 31, 2001, the Company had outstanding share purchase
         warrants, enabling the holders to acquire the following number of
         shares:

<TABLE>
<CAPTION>
         =================================================================

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

              <S>          <C>           <C>
              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
         =================================================================
</TABLE>


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.

                                       13
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================



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



         Following is a summary of the status of the plan:

<TABLE>
<CAPTION>

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

                                                                                                   Weighted
                                                                                                    Average
                                                                                     Number        Exercise
                                                                                  of Shares           Price
         ----------------------------------------------------------------------------------- ---------------

<S>                                                                            <C>                 <C>
         Outstanding at June 30, 1999 and 1998                                          --         $    --

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

         Outstanding at March 31, 2000 and March 31, 2000                           600,000         $  1.00
         =================================================================================== ===============


         Weighted average fair value of options granted                                             $    --
         =================================================================================== ===============
</TABLE>



         Following is a summary of the status of options outstanding at March
31, 2001:

<TABLE>
<CAPTION>

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


<S>                                          <C>              <C>          <C>           <C>            <C>
$ 1.00                                       600,000          3.45         $  1.00       600,000        $  1.00
====================================== ============== ============== ============================ ===============
</TABLE>


                                       14
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================


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

         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:
<TABLE>
<CAPTION>

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

                                                                       Nine Month        Nine Month
                                                                     Period Ended      Period Ended
                                                                        March 31,         March 31,
                                                                             2001              2000
---------------------------------------------------------------------------------- -----------------
<S>                                                               <C>              <C>

NET LOSS
    As reported                                                   $      (111,626) $       (57,814)
                                                                  ================ =================

    Pro forma                                                     $      (111,626) $       (57,814)
                                                                  ================ =================

BASIC AND DILUTED LOSS PER SHARE
    As reported                                                   $        (0.02)  $         (0.01)
                                                                  ================ =================

    Pro forma                                                     $        (0.02)   $         (0.01)
================================================================================== =================
</TABLE>

         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:
<TABLE>
<CAPTION>

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

                                                                       March 31,         March 31,
                                                                            2001              2000
--------------------------------------------------------------------------------- -----------------

<S>                                                                      <C>            <C>
Risk-free interest rate                                                   --            6.434%
Expected life of the options                                              --           3 years
Expected volatility                                                       --            .0001%
Expected dividend                                                         --               --
================================================================================= =================
</TABLE>

12.      COMMITMENTS

         a)   On 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 .

              The terms of the amended 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 Canadian Venture Exchange
              approving to consummate the lending agreement with the Company.

                                       15
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
================================================================================


12.      COMMITMENTS (cont'd...)

              Phase II of the agreement requires Canalaska to make an additional
              investment of $100,000 (received). The entire convertible loan
              ($200,000) 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 March 31, 2001, Canalaska has not received regulatory
              approval and therefore all of the advances to March 31, 2001 in
              the amount of $200,000 are carried as a convertible loan (Note 8).
              As of March 31, 2001 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.


13.      RELATED PARTY TRANSACTIONS

         During the period ended March 31, 2001, 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 (March 31, 2000 -
                  $Nil) to companies controlled by directors.

                  Included  in  accounts  payable as at March 31, 2001 is $3,685
                  (June 30, 2000 - $Nil) due to directors of the Company.

                                       16
<PAGE>


NEWSGURUS.COM, INC.
(A Development Stage Company)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2001
(Unaudited - Prepared by Management)
 =============================================================================


14.      INCOME TAXES

         The Company's total deferred tax asset is as follows:
<TABLE>
<CAPTION>

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

                                                                       March 31,          June 30,
                                                                            2001              2000
--------------------------------------------------------------------------------- -----------------

<S>                                                              <C>              <C>
Tax benefit relating to net operating loss carryforwards         $       103,173  $        64,388
Valuation allowance                                                     (103,173)         (64,388)
                                                                 ---------------  ---------------

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

         The Company has a net operating loss carryforward of approximately
         $296,941 which expires in 2019, 2020 and 2021. 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.




                                       17
<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 nine months ended March 31,
2001. 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

                                       18
<PAGE>

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.

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


                                       19
<PAGE>

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.

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.

Prior to March 31, 2001, 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

                  None

                                       20
<PAGE>

Item 5            OTHER INFORMATION

                  None

Item 6            EXHIBITS AND REPORTS ON FORM 8-K

                  (a)      Exhibits

                           None

                  (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:  May 14, 2001          Per:     /s/ Chris Bunka
                                       -----------------------------------------
                                       Chris Bunka, President and Director




                                       21