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 JANUARY 31, 2002
                                               ----------------

                         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.





                                       1



<PAGE>


                          ARCHER SYSTEMS LIMITED, INC.
                          (A Development Stage Company)
                                FORM 10-QSB INDEX
                                January 31, 2002

                                     PART I

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

          Balance Sheets at January 31, 2002 and 2001.........................3

          Statements of Operations for the three months
           ended January 31, 2002, and 2001...................................5

          Statements of Operations for the nine months
          ended January 31, 2002, and 2001....................................6

          Statements of Cash Flows from continuing
          operations for the nine months ended
          January 31, 2002 and 2001...........................................7

          Statements of Stockholders' Equity (Deficit) for
          the period May 1, 2001 through January 31,2002......................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
                       January 31, 2002 and April 30, 2001

                                     ASSETS


                                                           1/31             4/30
                                                        -----------       ---------

CURRENT ASSETS:
<S>                                                 <C>                   <C>
      Cash in bank                                     $     (1,455)         $--
      Accounts receivable                                 1,313,482           --
      Inventories                                         1,793,189           --
      Other current assets                                  332,568           --
                                                       ------------         ---------
           Total current assets                           3,437,784           --
                                                       ------------         ---------

PROPERTY, PLANT &
      EQUIPMENT - NET                                     6,791,341           --
                                                       ------------         ---------

OTHER ASSETS:
      Other assets                                          120,907           --
      Deferred tax asset                                    296,668           --
                                                       ------------         ---------
           Total other assets                               417,575           --
                                                       ------------         ---------

TOTAL ASSETS                                           $ 10,646,700          $--
                                                       ============         =========



</TABLE>




                 See accompanying notes to financial statements.


                                        3



<PAGE>


<TABLE>
<CAPTION>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                      UNAUDITED CONSOLIDATED BALANCE SHEETS
                       January 31, 2002 and April 30, 2001

                      LIABILITIES AND STOCKHOLDERS' EQUITY


                                                          1/31            4/30
                                                      -----------      ----------

CURRENT LIABILITIES
<S>                                                <C>             <C>
      Accounts payable                               $    294,595     $    --
      Accrued expenses                                    206,815          --
      Current portion - long term debt                    153,383          --
      Current portion - net liabilities of
           discontinued operations                        212,288       208,189
                                                     ------------     ---------
           Total current liabilities                      867,081       208,189

LONG-TERM LIABILITIES
      Long term Debt                                    3,732,722          --
      Subordinated income debenture                     5,600,000          --
      Long term portion - net liabilities of
           discontinued operations                        248,597       245,156
                                                     ------------     ---------
TOTAL LIABILITIES                                      10,448,400       453,345
                                                     ------------     ---------

STOCKHOLDERS EQUITY
      Common stock ($0.0001 par value
           900,000,000 shares authorized
           894,988 and 539,988
           shares issued respectively)                     37,450         1,950
      Paid in capital                                   1,018,052       499,052
      Accumulated deficit                                (857,202)     (954,347)
                                                     ------------     ---------
TOTAL STOCKHOLDER'S EQUITY                                198,300      (453,345)
                                                     ------------     ---------

TOTAL LIABILITIES AND
      STOCKHOLDER'S EQUITY                           $ 10,646,700     $    --
                                                     ============     =========

</TABLE>


                 See accompanying notes to financial statements.

                                        4


<PAGE>



<TABLE>
<CAPTION>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
              For the Three Months Ended January 31, 2002 and 2001

                                                          2002          2001
                                                          ----          ----

<S>                                                  <C>               <C>
Net sales                                               1,674,325          --
Cost of goods sold                                        746,016          --
                                                      -----------     ---------
Gross Profit                                              928,309          --
Operating Expenses:
      Selling and marketing                               421,461          --
      General and administrative                          219,910          --
      Research and development                            132,062          --
                                                      -----------     ---------
Total operating expenses                                  773,433          --
                                                      -----------     ---------

Income from operations                                    154,876          --
                                                      -----------     ---------
Other income/(expense):
      Interest expense                                   (110,546)         --
      Financing expense                                    (2,526)         --
      Royalty income                                       11,653          --
                                                      -----------     ---------
Total other income/(expense)                             (101,419)         --
                                                      -----------     ---------

Income before provision for income taxes                   53,457          --
Provision for income taxes                                 16,037          --
                                                      -----------     ---------
Net income from continuing operations                      37,420          --
Loss from discontinued operations                          (4,611)     (178,008)
                                                      -----------     ---------
Net income/(loss)                                     $    32,809     $(178,008)
                                                      ===========     =========

Net income/(loss) per common share:
      Basic income from continuing operations         $  0.052408    $    --
      Basic loss from discontinued operations           (0.006458)    (0.337721)
                                                      -----------    ----------
      Basic income/(loss) per common share            $  0.045950    $(0.337721)
                                                      ===========     =========

      Weighted average of common shares
         outstanding, basic                               714,013       527,086
                                                      ===========     =========

</TABLE>

                 See accompanying notes to financial statements.


                                        5


<PAGE>


<TABLE>
<CAPTION>


                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
               For the Nine Months Ended January 31, 2002 and 2001

                                                          2002           2001
                                                          ----           ----

<S>                                                  <C>           <C>
Net sales                                               3,428,208          --
Cost of goods sold                                      1,476,827          --
                                                      -----------     ---------
Gross Profit                                            1,951,381          --
Operating Expenses:
      Selling and marketing                               844,079          --
      General and administrative                          426,743          --
      Research and development                            270,398          --
                                                      -----------     ---------
Total operating expenses                                1,541,220          --
                                                      -----------     ---------

Income from operations                                    410,161          --
                                                      -----------     ---------
Other income/(expense):
      Interest expense                                   (222,073)         --
      Financing expense                                    (5,052)         --
      Royalty income                                       21,515          --
                                                      -----------     ---------
Total other income/(expense)                             (205,610)         --
                                                      -----------     ---------

Income before provision for income taxes                  204,551          --
Provision for income taxes                                 61,366          --
                                                      -----------     ---------
Net income from continuing operations                     143,185          --
Loss from discontinued operations                         (46,040)     (444,420)
                                                      -----------     ---------
Net income/(loss)                                     $    97,145     $(444,420)
                                                      ===========     =========

Net income/(loss) per common share:
      Basic income from continuing operations         $  0.200536    $    --
      Basic loss from discontinued operations           (0.064481)    (0.843164)
                                                      -----------     ---------
      Basic income/(loss) per common share            $  0.136056    $(0.843164)
                                                      ===========     =========

      Weighted average of common shares
         outstanding, basic                               714,013       527,086
                                                      ===========     =========

</TABLE>


                 See accompanying notes to financial statements.


                                        6



<PAGE>


<TABLE>
<CAPTION>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           FROM CONTINUING OPERATIONS
                   For the Nine Months Ended January 31, 2002


Cash flows from operating activities:
<S>                                                               <C>
     Net income from continuing operations                            $ 143,185

     Adjustments to reconcile net income to net
         cash used in operating activities:
            Depreciation and amortization                               518,652
            Decrease in deferred tax asset                               61,365

            (Increase)/decrease in assets:
                Accounts receivable                                    (159,966)
                Inventories                                            (397,338)
                Other current assets                                   (139,000)
            Increase/(decrease) in liabilities:
                Accounts payable                                        (19,891)
                Accrued royalty expense                                  28,515
                Current portion - long term debt                          8,368
                                                                      ---------

     Net cash provided by operating activities                           43,890
                                                                      ---------

     Cash flows from financing activities:
         Debt repayment                                                  77,658
                                                                      ---------

Net cash provided by/(used in) continuing
     operations                                                         (33,768)

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

Cash balance at end of period                                         $  (1,455)
                                                                      =========

</TABLE>



                 See accompanying notes to financial statements.

                                        7


<PAGE>


<TABLE>
<CAPTION>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited,Inc.)
                 UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
                           FROM CONTINUING OPERATIONS
                   For the Nine Months Ended January 31, 2002

<S>                                                           <C>
Supplemental 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                                               $ (222,073)
         Income taxes:                                                   -



</TABLE>










                 See accompanying notes to financial statements.

                                        8

<PAGE>


<TABLE>
<CAPTION>

                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited, Inc.)
             UNAUDITED STATEMENT OF STOCKHOLDERS EQUITY (DEFICIENCY)
               For The Period May 1, 2001 Through January 31, 2002


                                                                                    ADDITIONAL    RETAINED
                                                           COMMON STOCK              PAID IN      EARNINGS
                                                             SHARES       AMOUNT     CAPITAL     (DEFICIT)
                                                             ------       ------     -------     ---------
<S>                                                      <C>            <C>       <C>         <C>
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 January 31, 2002           --         --         --        97,145
                                                          ------------    -------   --------   ---------

Balance, January 31, 2002                                      894,988    $37,450   $996,863   $(857,202)
                                                          ============    =======   ========   =========

</TABLE>









                 See accompanying notes to financial statements

                                        9




<PAGE>



                               Ocumed Group, Inc.
                     (Formerly Archer Systems Limited, Inc.)

                 Notes To The Consolidated Financial Statements

                                January 31, 2002


           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 January 31, inventories are comprised as follows:


            Finished Goods                         $    368,242
            Work-in-process                             157,388
            Raw materials and supplies                1,267,559
                                                   ------------
                                                   $  1,793,189
                                                   ============



                                       11



<PAGE>


NOTE 4 - PROPERTY AND EQUIPMENT:

        At January 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                       3,509,600
                                                                ----------
                  Property and Equipment, Net                   $6,791,341
                                                                   ==========

           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 January 31, 2002, has loss carry
                forwards totaling $1,989,289 that may be offset against future
               taxable income.

        B.  COMPONENTS - CURRENT AND DEFERRED:
                                                  January 31, 2002
                                                  ----------------
                     Current Taxes                 $         0
                     Deferred                      $   636,802
                                                   -----------
                                                   $   636,802
                                                   -----------

              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 $296,668 attributable to the future utilization
              of $1,989,289 of net operating loss carry forwards as of January
              31, 2002, will be realized.

              Accordingly, the Company has provided a $340,134 allowance against
              the net deferred tax asset in the financial statements as of
              January 31, 2002. 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                     $  55,920
                    2014                       193,836
                    2015                       107,435
                    2016                       263,958
                    2017                        15,654

         Net operating loss carry forward    $ 636,802




                                       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 $2,896,978, payable over
           twelve years and one loan agreement for $989,127, 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:

                     2003                          $    153,383
                     2004                               171,504
                     2005                               190,963
                     2006                               214,326
                     2007                               239,646
                     Thereafter                       2,916,283
                                                   ------------
                     Total                         $  3,886,105
                                                   ============

           The Company also has a Subordinated Income Debenture agreement with
           the former Ocumed Group, Inc., the New Jersey Corporation,
           shareholders 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.

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


                                       14



<PAGE>


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
January 31, 2002, and Ocumed, from August 1, 2001, through January 31, 2002.

For the three and nine months ending January 31, 2002, revenues increased from
$0 generated in 2001, to $1,674,325 and $3,428,208, respectively. These
increases were a result of the acquisition of Ocumed Group, Inc.

Net income from continuing operations for the three and nine months ended
January 31, 2002,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.






                                   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