1





                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

        [X] Quarterly Report under Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                  For the fiscal quarter ended OCTOBER 31, 2001
                                               ----------------

                         Commission file number 0-26955

                               OCUMED GROUP, INC.
                     (FORMERLY Archer Systems Limited, Inc.)

           (Name of small business issuer as specified in its charter)



      DELAWARE                                        22-3652650
      (State or other jurisdiction of                 IRS Employer
      incorporation or organization)                  Identification No.)


                    119 HARRISON AVENUE, ROSELAND, NJ, 07068
                    (Address of principal executive offices)

                                 (973) 226-2330
                           (Issuer's telephone number)

         Check whether the issuer: (1) filed all reports required to be
        filed by Section 13 or 15(d) of the Exchange Act during the past
          12 months (or for such shorter period that the registrant was
        required to file such reports), and (2) has been subject to such
            filing requirements for the past 90 days. Yes X       No _____
                                                         ---


           As of February 10, 2002, 894,988 shares of the Common Stock
                                were outstanding.


<PAGE>






                          ARCHER SYSTEMS LIMITED, INC.
                          (A Development Stage Company)
                                FORM 10-QSB INDEX
                                October 31, 2001

                                     PART I

                                                                           PAGE
                                                                          NUMBER
                                                                          ------
Item 1.  Financial Statements (Unaudited):

         Balance Sheets at October 31, 2001 and 2000...........................3

         Statements of Operations for the three months
          ended October 31, 2001, and 2000.....................................5

         Statements of Operations for the six months
         ended October 31, 2001, and 2000......................................6

         Statements of Cash Flows from continuing
         operations for the six months ended
         October 31, 2001 and 2000.............................................7

         Statements of Stockholders' Equity (Deficit) for the period May
         1, 2001 through October 31, 2001......................................9

         Notes to Financial Statements........................................10

Item 2.  Management's Discussion and Analysis or Plan of Operations...........14

                                     PART II

Item 1. Legal Proceedings.....................................................11

Item 2. Changes in Securities.................................................12

Item 3. Defaults Upon Senior Securities.......................................12

Item 4. Submission of Matters to a Vote of Security Holders...................12

Item 5. Other Information.....................................................12

Item 6. Exhibits and Reports on Form 8-K......................................12

Signatures ...................................................................16






                                      -2-
<PAGE>

<TABLE>
<CAPTION>


                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                      UNAUDITED CONSOLIDATED BALANCE SHEETS
                       October 31, 2001 and April 30, 2001

                                     ASSETS


                                                        10/31           4/30
                                                        -----           ----

CURRENT ASSETS:
<S>                                                 <C>                 <C>
       Cash in bank                                 $     9,831         $--
       Accounts receivable                            1,306,418          --
       Inventories                                    1,646,871          --
       Other current assets                             205,568          --
                                                    ------------     ---------
             Total current assets                     3,168,688          --
                                                    ------------     ---------

PROPERTY, PLANT &
       EQUIPMENT - NET                                7,048,141          --
                                                    ------------     ---------

OTHER ASSETS:
       Other assets                                     123,433          --
       Investments - long term                             --            --
       Deferred tax asset                               312,705          --
                                                    ------------     ---------
             Total other assets                         436,138          --
                                                    ------------     ---------

TOTAL ASSETS                                        $10,652,967         $--
                                                    ===========      =========







                 See accompanying notes to financial statements.



                                      -3-
<PAGE>




                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                      UNAUDITED CONSOLIDATED BALANCE SHEETS
                       October 31, 2001 and April 30, 2001

                       LIABILITIES AND STOCKHOLDERS' EQUITY


                                                       10/31           4/30
                                                   ------------    ------------
CURRENT LIABILITIES
       Accounts payable                            $    311,492    $       --
       Accrued expenses                                 198,469            --
       Current portion - long term debt                  14,914            --
       Current portion - net liabilities of
             discontinued operations                    212,572         208,189
                                                   ------------    ------------
             Total current liabilities                  871,674         208,189

LONG-TERM LIABILITIES
       Long term Debt                                 3,772,100            --
       Subordinated income debenture                  5,600,000            --
       Long term portion - net liabilities of
             discontinued operations                     24,370         245,156
                                                   ------------    ------------

TOTAL LIABILITIES                                    10,487,476         453,345
                                                   ------------    ------------

STOCKHOLDERS EQUITY
       Common stock ($0.0001 par value
             900,000,000 shares authorized
             894,988,414 and 539,988,414
             shares issued respectively)                 37,450           1,950
       Paid in capital                                1,018,052         499,052
       Accumulated deficit                             (890,010)       (954,347)
                                                   ------------    ------------
TOTAL STOCKHOLDER'S EQUITY                              165,491        (453,345)
                                                   ------------    ------------

TOTAL LIABILITIES AND
       STOCKHOLDER'S EQUITY                        $ 10,652,967    $       --
                                                   ============    ============



                 See accompanying notes to financial statements.



                                      -4-
<PAGE>



                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                      UNAUDITED CONSOLIDATED STATEMENTS OF
         OPERATIONS For the Three Months Ended October 31, 2001 and 2000



                                                         2001            2000

Net sales                                            $ 1,753,883           --
Cost of goods sold                                       730,811           --
                                                     -----------    -----------
Gross Profit                                           1,023,072           --
Operating Expenses:
       Selling and marketing                             422,619           --
       General and administrative                        206,832           --
       Research and development                          138,337           --
                                                     -----------    -----------
Total operating expenses                                 767,788           --
                                                     -----------    -----------

Income from operations                                   255,284           --
                                                     -----------    -----------
Other income/(expense):
       Interest expense                                 (111,527)          --
       Financing expense                                  (2,526)          --
       Royalty income                                      9,862           --
                                                     -----------    -----------
Total other income/(expense)                            (104,191)          --
                                                     -----------    -----------

Income before provision for income taxes                 151,093           --
Provision for income taxes                                45,328           --
                                                     -----------    -----------
Net income from continuing operations                    105,765           --
Loss from discontinued operations                        (41,429)      (210,197)
                                                     -----------    -----------
Net income/(loss)                                    $    64,336    $  (210,197)
                                                     ===========    ===========

Net income/(loss) per common share:
       Basic income from continuing operations       $  0.170008    $      --
       Basic loss from discontinued operations         (0.066593)     (0.397983)
                                                     -----------    -----------
       Basic income/(loss) per common share          $  0.103415    $ (0.397983)
                                                     ===========    ===========

       Weighted average of common shares
          outstanding, basic                             622,121        526,012
                                                     ===========    ===========


         See accompanying notes to financial statements.




                                      -5-
<PAGE>


                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
               For the Six Months Ended October 31, 2001 and 2000



                                                         2001           2000
                                                     -----------    -----------

Net sales                                            $ 1,753,883    $      --
Cost of goods sold                                       730,811           --
                                                     -----------    -----------
Gross Profit                                           1,023,072           --
Operating Expenses:
       Selling and marketing                             422,619           --
       General and administrative                        206,832           --
       Research and development                          138,337           --
                                                     -----------    -----------
Total operating expenses                                 767,788           --
                                                     -----------    -----------

Income from operations                                   255,284           --
                                                     -----------    -----------
Other income/(expense):
       Interest expense                                 (111,527)          --
       Financing expense                                  (2,526)          --
       Royalty income                                      9,862           --
                                                     -----------    -----------
Total other income/(expense)                            (104,191)          --
                                                     -----------    -----------

Income before provision for income taxes                 151,093           --
Provision for income taxes                                45,328           --
                                                     -----------    -----------
Net income from continuing operations                    105,765           --
Loss from discontinued operations                        (41,429)      (266,412)
                                                     -----------    -----------
Net income/(loss)                                    $    64,336    $  (266,412)
                                                     ===========    ===========

Net income/(loss) per common share:
       Basic income from continuing operations       $  0.170008    $      --
       Basic loss from discontinued operations         (0.066593)     (0.506475)
                                                     -----------    -----------
       Basic income/(loss) per common share          $  0.103415    $ (0.506475)
                                                     ===========    ===========

       Weighted average of common shares
          outstanding, basic                             622,121        526,012
                                                     ===========    ===========


                 See accompanying notes to financial statements.




                                      -6-
<PAGE>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           FROM CONTINUING OPERATIONS
                    For the Six Months Ended October 31, 2001


Cash flows from operating activities:
      Net income from continuing operations                       $ 105,765

      Adjustments to reconcile net income to
          net cash used in operating activities:
              Depreciation and amortization                         259,326
              Decrease in deferred tax asset                         45,328

              (Increase)/decrease in assets:
                  Accounts receivable                              (152,902)
                  Inventories                                      (251,019)
                  Other current assets                              (12,000)
              Increase/(decrease) in liabilities:
                  Accounts payable                                   (2,995)
                  Accrued royalty expense                            20,170
                  Current portion - long term debt                    4,125
                                                                  ---------

      Net cash provided by operating activities                      15,798
                                                                  ---------

      Cash flows from financing activities:
          Debt repayment                                             38,280
                                                                  ---------

Net cash provided by/(used in) continuing
      operations                                                    (22,482)

Cash balance at merger date (August 1, 2001)                         32,313
                                                                  ---------

Cash balance at end of period                                     $   9,831
                                                                  =========




           See accompanying notes to financial statements.





                                      -7-
<PAGE>


                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           FROM CONTINUING OPERATIONS
                    For the Six Months Ended October 31, 2001


Suplemental disclosure of non cash investing and financing activities:

          Issuance of common stock in connection
              with the acquisition of Ocumed
                  Group, Inc.                                         $ 516,000

Suplemental disclosure of cash flow information:

      Cash paid during the periods for:

          Interest                                                    $(111,527)
          Income taxes:                                                    --















           See accompanying notes to financial statements.



                                      -8-
<PAGE>


                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited, Inc.)
                   UNAUDITED STATEMENT OF STOCKHOLDERS EQUITY
                 (DEFICIENCY) For The Period May 1, 2001 Through
                                October 31, 2001


                                                                                              Additional      Retained
                                                                     Common Stock              Paid in        Earnings
                                                                     ------------
                                                              Shares             Amount        Capital       (Deficit)
                                                              ------             ------        -------       ---------

Balance, April 30, 2001                                     539,988,414           1,950        477,863       (954,347)

       Shares issued for services                            11,000,000           1,100         37,400           --

       Shares issued for the purchase
       of Ocumed Group, Inc.                                344,000,000          34,400        481,600           --

       Reverse stock split (one share for every one
          thousand held)                                   (894,093,426)

       Net income for the period ending October 31, 2001           --              --             --           64,336
                                                           ------------    ------------   ------------   ------------

Balance, October 31, 2001                                       894,988    $     37,450   $    996,863   $   (890,010)
                                                           ============    ============   ============   ============
















                 See accompanying notes to financial statements

</TABLE>


                                      -9-
<PAGE>




                               OCUMED GROUP, INC.
                     (FORMERLY ARCHER SYSTEMS LIMITED, INC.)

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

                                OCTOBER 31, 2001


         The accompanying unaudited financial statements have been prepared in
         accordance with generally accepted accounting principles for interim
         financial information and with instructions to Form 10-QSB.
         Accordingly, they do not include all of the information and footnotes
         required by generally accepted accounting principles for complete
         financial statements. In the opinion of management, all adjustments
         considered necessary for the fair presentation have been included. The
         results of operations for the nine months ended January 31, 2002, is
         not necessarily indicative of the results to be expected for the full
         year ending April 30, 2002. For further information, please refer to
         the consolidated financial statements and footnotes thereto included in
         the Company's Annual Report for the year ended April 30, 2001 filed on
         Form 10-KSB, which is incorporated herein by reference.

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

A.       ORGANIZATION: Archer Systems Limited, Inc. was incorporated on March
         19, 1986, under the laws of the State of Delaware. The Company was
         established by Archer Limited, a foreign corporation based in London,
         England which is no longer in existence. The Company adopted a fiscal
         year ending, April 30.

         The Company was organized to acquire the name and all the common stock
         of Computer Technology International, Inc. ("CTI"); a publicly traded
         computer related company. The Company exchanged common stock on a one
         for one basis for the shares of CTI. On December 14, 1998, the Company
         sold all the common stock and the name Computer Technology
         International, Inc. to an individual for $200.

         In August, 2001, the Company acquired all the outstanding shares of
         common stock of Ocumed Group, Inc., engaged in the production and
         selling of a broad range of ophthalmic products for both the
         prescription (Rx) and over-the-counter (OTC) pharmaceutical markets
         (see Note 6). Until that time the Company was considered to be in the
         development stage, as defined in the Statement of Financial Accounting
         Standards No. 7. There were no operations from incorporation through
         that date.

B.       CONSOLIDATION: The consolidated financial statements include all the
         accounts of Archer Systems Limited, Inc. and controlled entities. The
         Company accounts for its investments in consolidated subsidiaries by
         the equity method. All inter-company transactions are eliminated.

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



                                      -10-
<PAGE>


D.       METHOD OF ACCOUNTING: The financial statements have been prepared in
         accordance with the accrual basis method of accounting. Under this
         method of accounting, income and expenses are identified with specific
         periods of time and are recorded as earned or incurred without regard
         to date of receipt or disbursements of cash.

E.       EARNINGS PER SHARE: Computed by dividing net income or loss by the
         weighted average number of shares outstanding during the year.
         Effective January 14, 2002 the Company reverse split its common stock
         on a one share for every thousand shares held basis. The weighted
         average number of shares used in the current financial statements
         reflects this reverse split.

F.       FEDERAL INCOME TAXES: The Financial Accounting Standards Board issued
         Statement No. 109, "Accounting for Income Taxes" (SFAS 109), which
         provides for the recognition of deferred tax assets, net of applicable
         valuation allowance, related to net operating loss carry forwards and
         certain temporary differences.

G.       RESEARCH AND DEVELOPMENT COST: Expenditures relating to the development
         of new products and processes, including significant improvements to
         existing products, are expensed as incurred.

H.       DEPRECIATION: Equipment and improvements are recorded at cost and
         depreciated utilizing the straight-line method over their estimated
         useful lives.

NOTE 2 - DISCONTINUED OPERATIONS:

         As per the reorganization of the Company on August 6, 2001 the
         operations of Archer Systems Limited, Inc. were discontinued and the
         remaining assets and liabilities of the company will be sold. The
         results of operations of Archer Systems Limited, Inc. are included in
         discontinued operations in the statement of operations and net
         liabilities of discontinued operations in the balance sheet. The
         financial information for Archer Systems Limited, Inc. for 2002 and
         2001 has been restated as discontinued operations as if the operations
         were discontinued at May 1, 2000 for comparative presentation purposes.

NOTE 3 - INVENTORIES:

         At October 31, inventories are comprised as follows:


         Finished Goods                                $   388,195
         Work-in-process                                   144,545
         Raw materials and supplies                      1,164,131
                                                       -----------

                                                       $ 1,646,871
                                                       ===========


                                      -11-
<PAGE>






NOTE 4 - PROPERTY AND EQUIPMENT:

         At October 31, property and equipment are comprised as follows:

                                                         Estimated
                                                        Useful Life
                                                        -----------

         Land                                                         $ 300,000
         Buildings                                        30 years    1,300,000
         Machinery and equipment                           7 years    8,700,941
                                                                     ----------
                                                                     10,300,941
           Less: accumulated depreciation                             3,252,800
                                                                     ----------

                 Property and Equipment, Net                         $7,048,141
                                                                     ==========

         Expenditures for major repairs and renewals that extend the useful life
         of the asset are capitalized. Minor repair expenditures are charged to
         expense as incurred.

NOTE 5 - INCOME TAXES:

A.       Operating Loss: The Company, as of October 31, 2001, has loss carry
         forwards totaling $2,038,135 that may be offset against - future
         taxable income.

B.       COMPONENTS - CURRENT AND DEFERRED:

                                                          OCTOBER 31, 2001
                                                          ----------------

                  Current Taxes                               $      0
                  Deferred                                    $651,272
                                                              --------
                                                              $651,272
                                                              --------

         Bases on management's present assessment, the Company has determined it
         to be more likely than not that a net deferred long term tax asset of
         $312,705 attributable to the future utilization of $2,038,136 of net
         operating loss carry forwards as of October 31, 2001, will be realized.

         Accordingly, the Company has provided a $338,567 allowance against the
         net deferred tax asset in the financial statements as of October 31,
         2001. The Company will continue to review this valuation allowance and
         make adjustments as appropriate. Net operating loss carry forwards will
         expire as follows:

                      APRIL 30      LOSS CARRY FORWARDS
                      --------      -------------------

                        2013           $  71,957
                        2014             193,836
                        2015             107,435
                        2016             263,958
                        2017              14,086
                                        --------
                  Net operating loss    $651,272
                    carry forward       --------





                                      -12-
<PAGE>



NOTE 6 - ROYALTY AGREEMENTS:

         The Company has two royalty income agreements with manufacturers using
         the Company's patented technology. The terms of these agreements are a
         royalty expense of six cents per package manufactured with a $50,000
         royalty minimum due. Both agreements expire in 2007.

         The Company has a royalty agreement with an inventor for the use of a
         patented eye drop dispenser. The Company is required to make payments
         of 5% of sales of Ocurest products or $4,000 per month, which ever is
         greater.

NOTE 7. PURCHASE OF OCUMED GROUP, INC.:

         On August 6, 2001, the Company acquired all of the issued and
         outstanding common stock of Ocumed Group, Inc. ("Ocumed") for
         344,000,000 shares of common stock and a $5,600,000 Subordinated
         Debenture. The acquisition was accounted for using the purchase
         accounting method. Accordingly, the accompanying consolidated balance
         sheet includes the accounts of the Company and its wholly owned
         subsidiaries at February 28, 2001. The consolidated statement of
         operations and cash flows includes the accounts of the Company and its
         wholly owned subsidiaries as of August 6, 2001.

NOTE 8 - DEBT:

         The Company has two loan agreements totaling $2,928,804, payable over
         twelve years and one loan agreement for $992,437, payable over twenty
         years. The terms of the loan are interest at Prime plus 1.75% per
         annum. Principal and interest payable monthly. In addition, the Company
         incurred expenses relating to obtaining the loan agreements. These
         expenses are being amortized over the loan terms.

         A schedule of future payments of long term debt by fiscal year is as
         follows:

                           2002                          $  149,141
                           2003                             166,760
                           2004                             185,681
                           2005                             208,397
                           2006                             233,017
                           Thereafter                     2,978,244
                                                         ----------

                           Total                         $3,921,241
                                                         ==========

         The Company also has a Subordinated Income Debenture agreement with the
         former Ocumed Group, Inc., the New Jersey Corporation, in the amount of
         $5,600,000. This agreement is subordinated to the loans described above
         and provides for payment of principal and interest only after certain
         cash flow requirements have been met.











                                      -13-
<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

PLAN OF OPERATIONS:

From 1986 until October 25, 2000, the Company conducted no business operations
except for organizational activities and looking for technologies and businesses
to acquire.

In August 2001, the Company acquired all the outstanding shares of common stock
of Ocumed Group, Inc. ("Ocumed"). Until then the Company had no income from
operations and operating expenses aggregating $965,595.

Ocumed produces and sells a broad range of ophthalmic products for both the
prescription (Rx) and over-the-counter (OTC) pharmaceutical markets. These
products support lens care and eye care as well as diagnostic, surgical and
therapeutic ophthalmic applications.

Ocumed markets and distributes its branded product lines nationally through
major drug chains, wholesalers, hospitals, surgi-centers and related buying
groups as well as internationally to selective markets. Ocumed's products are
focused on a group of patented and proprietary drug delivery systems for
applications in surgery, diagnostics, therapy, and lens care in the ophthalmic
field. These product lines include; OPHTHA-DOSE P.F.(TM) a preservative free
unit of use dispenser for eye drops, OCUREST(TM), a patented multi-dose
dispenser for prescription (Rx) and over-the-counter (OTC) ophthalmic
applications, and MINI-MED(TM), a controlled dispenser system for delivering
highly accurate quantities of drugs.

The Company's basic mission is to supply sterile ophthalmic solutions to the
medical and health care industry through internal development and acquisition of
proprietary patented technology and products lines.

The Company may have to raise additional funds from outside investors or
financial institutions to fund the various business opportunities the Company
wishes to pursue. Management intends to explore all available alternatives for
debt and/or equity financing, including but not limited to private and public
securities offerings. The Company has determined that it has sufficient assets
to meet its operating needs for the next 12 months.

RESULTS OF OPERATIONS:

In August 2001, the Company acquired all the outstanding shares of common stock
of Ocumed Group, Inc. ("Ocumed"), a New Jersey Corporation, in exchange for
shares of Archer Common Stock and Subordinated Income Debentures (the
"Exchange"). The Exchange was accomplished pursuant to the terms of an Agreement
dated August 6, 2001 (the "Agreement"), by and among Archer and Ocumed and
Crossgates Limited Partners, STMI Investments, Inc. and Ocumed, Inc.,
hereinafter referred to as ("Ocumed Shareholders"). The terms of the Purchase
Agreement reflected the arm's-length negotiations among the parties.



                                      -14-
<PAGE>


Effective January 11, 2002, the Company amended its certificate of incorporation
to change its name from Archer Systems Limited, Inc. to Ocumed Group, Inc. The
name change was adopted to more clearly reflect the new operations of the
Company, which began upon the acquisition of Ocumed in August of 2001.

The Company has eliminated the Archer Systems Limited, Inc., business
development activities. Therefore no financial information is included for these
activities except as set forth in the footnotes to the Financial Statements
presented herein.

The above mentioned acquisition was recorded as a purchase for accounting
purposes. Therefore, the accompanying financial statements reflect the financial
results of Archer Systems Limited, Inc. for the period May 1, 2001, through
October 31, 2001, and Ocumed, from August 1, 2001, through October 31, 2001.

For the three and six months ending October 31, 2001, revenues increased from $0
generated in 2001, to $1,674,325. This increase was a result of the acquisition
of Ocumed Group, Inc.

Net income from continuing operations for the three and six months ended October
31, 2001, increased by $37,420, and $143,185 respectively, again a result of the
acquisition of Ocumed. Net loss from discontinued operations for the three and
nine months ending January 31, 2002 was $4,611 and $46,040 respectively as
compared to $178,008 and $444,420 for the same periods of 2001. This net loss
decrease was primarily due to financial public relations expenses incurred in
2001, not incurred in 2002.

LIQUIDITY AND CAPITAL RESOURCES:

         The Company's cash position was ($1,455) as of January 31, 2002. Cash
flows from continuing operating activities during nine months ended January 31,
2002, were $43,890, due to the net income of $143,185 adjusted for a increase of
current assets of $696,304 an increase in current liabilities of $16,992,
depreciation and amortization of $518,652 and a decrease in deferred tax asset
of $61,365.

         The net cash used in financing activities during the nine months ended
January 31, 2002, consisted of a reduction of long-term borrowings of $77,658.
During the next twelve months the Company plans to satisfy its operating cash
requirements through the operations. of Ocumed Group, Inc., the operating
company acquired August 6, 2001 (see Plan of Operations above).

         As of the date of the filing of this report, there were no commitments
for material capital expenditures.

FORWARD LOOKING INFORMATION

This report contains certain forward-looking statements and information relating
to the Company that are based on beliefs of the Company's management as well as
assumptions made by and information currently available to the Company's
management. When used in this report, words such as "anticipate", believe",
"estimate", "expect", "intend", "should", and similar expressions, as they
relate to the Company or its management, identify forward-looking statements.
Such statements reflect the current views of the Company with respect to future
events and are subject to certain risks, uncertainties, and assumptions relating
to the operations, results of operations, liquidity, and growth strategy of the
Company, including competitive factors, changes in legal and regulatory
requirements, interest rate fluctuations, and general economic conditions, as
well as other factors described in this report. Should one or more of the risks
materialize, or should underlying assumptions prove incorrect, actual results or
outcomes may vary materially from those described herein as anticipated,
believed, estimated, expected or intended.



                                      -15-
<PAGE>


                                     PART II

Item 1.           Legal Proceedings.

                  None

Item 2.           Changes in Securities.

                  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

The following exhibits marked with a footnote reference were filed with a
periodic report filed by the Company pursuant to Section 14 of the Securities
Exchange Act of 1934, as amended, (the "Securities Act"), and are incorporated
herein by this reference. If no footnote reference is made, the exhibit is filed
with this report.



        NUMBER         EXHIBIT

        2.1     Form of Agreement and Plan of Reorganization dated April 17,
                2000, by and between Archer Systems Limited, Inc. and
                NextNet.com (5)

        2.2     Form of Agreement dated August 6, 2001, for the acquisition of
                Ocumed Group, Inc. by and among Archer Systems Limited, Inc.
                Crossgates Limited Partners, STMI Investments, Inc. and Ocumed,
                Inc. (11)

        3       Certificate of Incorporation of Company filed with the Secretary
                of State of Delaware on March 19, 1986. (1)



                                      -16-
<PAGE>


        3.1     Certificate for renewal and revival of Charter of the Company
                filed with the Secretary of State Division of Corporations on
                December 2, 1998. (1)

        3.2     Certificate of Amendment of the Certificate of Incorporation of
                Archer Systems Limited, Inc., filed with the Secretary of State
                Division of Corporations on February 12, 1999. (1) 3.3
                Certificate of Correction to Certificate of Amendment of the
                Certificate of Incorporation of Archer Systems Limited, Inc.,
                filed February 12, 1999 with the Secretary of State Division of
                Corporations. (1)

        3.4     Copy of the by-laws of the Company. (1)

        4       Specimen Stock Certificate. (1)

        10.1    Copy of 6% Promissory Note Due June 30, 2001. (2)

        10.2    Copy of 6% Promissory Note Due June 8, 2001. (2)

        10.3    Copy of 6% Promissory Note Due August 1, 2001. (3)

        10.4    Copy of 6% Promissory Note Due August 17, 2001. (2)

        10.5    Copy of 6% Promissory Note Due November 18, 2001. (4)

        10.6    Employment Agreement dated April 25, 2000 between NextNet.com
                and Larry Weinstein. (5)

        10.7    Copy of 6% Promissory Note Due February 15, 2002. (7)

        10.8    Copy of 6% Promissory Note Due March 9, 2002. (7)

        10.9    Copy of 6% Promissory Note Due March 20, 2002. (7)

        10.10   Copy of 6% Promissory Note Due April 9, 2002. (7)

        10.11   Form of Strategic Alliance Agreement dated May 18, 2000. (6)

        10.12   Agreement dated June 8, 2000 between the Company and
                Superwire.com, Inc. (7)

        10.13   Agreement dated July 21, 2000 between the Company and ComLinx,
                Inc. (7)



                                      -17-
<PAGE>


        10.14   Agreement dated July 22, 2000 between ArcusNet Corporation and
                Cydoor Technologies, Inc. (7)

        10.15   Copy of 6% Promissory Note Due April 11, 2002. (8)

        10.16   Copy of 6% Promissory Note Due April 30, 2002. (8)

        10.17   Copy of 6% Promissory Note Due May 4, 2002. (8)

        10.18   Copy of 6% Promissory Note Due May 29, 2002. (8)

        10.19   Copy of 6% Promissory Note Due June 12, 2002. (8)

        10.20   Copy of 6% Promissory Note Due June 13, 2002. (8)

        10.21   Copy of 6% Promissory Note Due June 15, 2002. (8)

        10.22   Copy of 6% Promissory Note Due July 30, 2002. (8)

        10.23   Copy of 6% Promissory Note Due July 30, 2002. (8)

        10.24   Copy of 6% Promissory Note Due August 17, 2002. (9)

        10.25   Copy of 6% Promissory Note Due September 21, 2002. (9)

        10.26   Copy of 6% Promissory Note Due October 19, 2002. (9)

        10.27   Copy of 6% Promissory Note Due October 22, 2002. (9)

        10.28   Copy of 6% Promissory Note Due October 29, 2002. (9)

        10.29   Copy of 5.35% Demand Promissory Note due from Comlinx, Inc.
                dated October 26, 2000. (10)

        10.30   Copy of 5.35% Demand Promissory Note due from Comlinx, Inc.
                dated October 26, 2000. (10)

        10.31   Copy of 5.35% Demand Promissory Note due from Comlinx, Inc.
                dated November 10, 2000. (10)

        10.32   Copy of 5.35% Demand Promissory Note due from Comlinx, Inc.
                dated November 22, 2000. (10)

        10.33   Copy of 5.35% Demand Promissory Note due from Comlinx, Inc.
                dated December 26, 2000. (10)



                                      -18-
<PAGE>


        10.34   Copy of 6% Note Due January 30, 2003. (10)

        10.35   Copy of 6% Note Due January 30, 2003. (10)

        10.36   Copy of 6% Promissory Note Due February 8, 2003. (12)

        10.37   Copy of 6% Promissory Note Due February 12, 2003. (12)

        10.38   Copy of 6% Promissory Note Due February 13, 2003. (12)

        10.39   Copy of 6% Promissory Note Due March 7, 2003. (12)

        10.40   Copy of 6% Promissory Note Due March 29, 2003. (12)

        10.41   Copy of 6% Promissory Note Due April 3, 2003. (12)

        10.42   Copy of 6% Promissory Note Due April 20, 2003. (12)

        10.43   Copy of 6% Promissory Note Due April 29, 2003. (12)

        10.44   Copy of Subordinated Income Debenture dated August 6, 2001
                issued to Crossgates Limited Partners. (11)

        10.44   Copy of Subordinated Income Debenture dated August 6, 2001
                issued to STMI Investments, Inc. (11)

        10.45   Copy of Subordinated Income Debenture dated August 6, 2001
                issued to Ocumed, Inc. (11)

        10.46   Note Consolidation Agreement by and between Richard Margulies
                and Company dated August 6, 2001. (12)

        10.47   Note Consolidation Agreement by and between Peter Jegou and
                Company dated August 6, 2001. (12)

        10.48   Note Consolidation Agreement by and between Zamora Funding, Inc.
                and Company dated August 6, 2001. (12)

        21      Subsidiaries of the Company:

                ArcusNet Corporation

                General Acquisition, Inc.



                                      -19-
<PAGE>



        (1)     Filed as an exhibit to the Company's Form 10SB12G/A filed
                September 10, 1999 and incorporated herein by this reference.

        (2)     Filed as an exhibit to the Company's Form 10QSB/A filed December
                9, 1999 and incorporated herein by this reference.

        (3)     Filed as an exhibit to the Company's Form 10SB/A filed December
                14, 1999 and incorporated herein by this reference.

        (4)     Filed as an exhibit to the Company's Form 10QSB filed March 15,
                2000 and incorporated herein by this reference.

        (5)     Filed as an exhibit to the Company's Form 8-K filed on May 8,
                2000 and incorporated herein by this reference.

        (6)     Filed as an exhibit to the Company's Form 8K/A filed June 14,
                2000 and incorporated herein by this reference.

        (7)     Filed as an exhibit to the Company's Form 10-KSB filed July 31,
                2000 and incorporated herein by this reference.

        (8)     Filed as an exhibit to the Company's Form 10-QSB filed September
                13, 2000 and incorporated herein by this reference.

        (9)     Filed as an exhibit to the Company's Form 10-QSB filed December
                15, 2000 and is incorporated herein by this reference.

        (10)    Filed as an exhibit to the Company's Form 10-QSB filed March 21,
                2001 and is incorporated herein by this reference.

        (11)    Filed as an exhibit to the Company's Form 8-K filed on August
                22, 2001 and incorporated herein by this reference.

        (12)    Filed as an exhibit to the Company's Form 10-KSB filed January
                28, 2002 and incorporated herein by this reference.

                (b) Reports on Form 8-K.

                A Form 8-K was filed on May 8, 2000 disclosing in Item 2 the
                acquisition of Next Net, Inc.

                A Form 8-K was filed on June 14, 2000 disclosing in Item 2 a
                Strategic Alliance Agreement with INFe.com.

                A Form 8-K/A was filed on June 14, 2000 disclosing in Item 2 a
                Strategic Alliance Agreement with INFe.com.



                                      -20-
<PAGE>


                A Form 8-K was filed on August 17, 2000 disclosing in Item 7
                an exhibit (pro forma balance sheet) in regard to the
                Strategic Alliance Agreement with INFe.com.

                A Form 8-K was filed on August 16, 2001 disclosing in Item 2
                the acquisition of Ocumed Group, Inc.











                                      -21-
<PAGE>









                                   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.



Dated: March 18, 2002


OCUMED GROUP, INC.


By:  /S/  ALFRED R. CAGGIA
     ---------------------
         Alfred R. Caggia
         President

By:   /S/  PAUL G. FILIPEK
      --------------------
         Paul G. Filipek
         Secretary/Treasurer


By:   /S/  LOUISE A. CUMMINGS
      -----------------------
            Louise A. Cummings
            Director




                                      -22-
<PAGE>