UNITED STATES
                        SECURITIES EXCHANGE CONMSSION
                           Washington, D.C. 20549

                                  FORM 10-K

               ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF

                     THE SECURITIES EXCHANGE ACT OF 1934

                           For fiscal year ended
                             December 31, 1997

                       Commission file number: 0-24262

                                 ADVEN INC.

             (Exact name of registrant as specified in charter)

                WASHINGTON                         91-1363905
   (State or other jurisdiction of      (IRS Employer identification No.)
    incorporation or organization)

        3653 Hemlock Court, Reno, Nevada              89509
    (Address of principal executive offices)        (Zip Code)

Registrant's telephone number, including area code.....      702-829-8812

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act: NONE

        Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for at least the past 90 days.  Yes X No

        State the aggregate market value of the voting stock held by
non-affiliates of the registrant.  The aggregate market value shall be
computed by reference to the price at which stock was sold, as of a specified
date within 60 days prior to the date of filing.

        As of December 31, 1997, the Company had 5,469,667 shared of common
stock issued and outstanding, and on March 25, 1997, the Company had
5,469,667 shares of common stock issued and outstanding, 859,700 of these
shares being held by non-affiliates of the registrant.  The aggregate market
value of the voting stock held by non-affiliates of the registrant, based on
the closing bid price of such stock, as of March 25, 1997 is $644,775.,
based upon $.75 mulitiplied the 859,700 shares of common stock held by
non-affiliates.  


 
                                    PART I

Item 1. Description of Business.

A.	General Description of Business

        ADVEN, INC., a Washington corporation (the "Company"), was
incorporated on August 22'nd, 1986.  Adven, Inc. began conducting business
through its wholly owned subsidiary, Surface Technologies, Inc. ("STI").
STI manufactures a cushioned playground surface which is sold primarily to
restaurants, schools, parks and other entities which provide playgrounds for
children.  STI operates under a license from SAFEPAC, Inc., whereby SAFEPAC
has authorized STI to use a patent in the production of the product and its
registered trademark "SAFE-T-TURF".  

The Company was not able to obtain profitability as expected, due to poor
performance by its dealer network, which faced too many installations and
warranty problems.  As a result, by the end of fiscal 1989, the Company was
inactive and nearly insolvent.

On December 28, 1990, the Company transferred its interest in STI to a
creditor in full satisfaction of a debt.  The company did not engage in
active business in 1991, 1992, 1993, 1994 and 1995.

On December 29, 1993, a shareholder meeting was held, at which the existing
officers and directors resigned, and new officers and directors were elected.
The Company's outstanding shares were reversed one for four, and a new block
of treasury shares representing control of the company were issued to the new
officers and directors.

During 1993, 1994 and 1995 the Company actively sought business acquisitions
and opportunities and funding for those efforts.

On March 17, 1997, ADVEN, Inc. (the "Company") entered into a Supply
and Licensed Manufacturing Agreement (the "Agreement") with DIS International
(Marketing) Inc., a Barbados corporation ("DIS").  Pursuant to the Agreement,
the Company received the exclusive right to formulate, manufacture, sell,
distribute and put into use an oil-absorbent urethane foam (currently marketed
under the name Zorbolite) in Australia and New Zealand.

This oil-absorbent urethane foam ("Zorbolite") has been blended with
various additives and concentrates through a process that changes the
structure of the foam, allowing the foam to absorb hydro carbon liquids.
Zorbolite has many potential industrial and consumer applications related
to cleaning oil based pollutants.


Item 2. Description of Property.

The Company uses the office of its president, located at 3653 Hemlock Court,
Reno, Nevada, 89509, provided at no expense to the Company


Item 3. Legal proceedings.

The Company is not involved in any threatened or pending legal proceeding.

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

The Company did not submit any matters to a vote of Security holders during
1997.


PART II

Item 5. Market for the Registrant's Common Equity and Related Matters.

Market Information:

The Common Stock of the Company began trading over the counter on December
3,1996.  The following table sets forth for the period indicated the
range of high and low representative bid quotations for the Company's Common
Stock.

                     Fiscal Year Ended December 31, 1997

                                                Bid

                                High                           Low

  Year Ended Dec. 31, 1997     1.00                           .625


(b) Holders

The Company had approximately 140 shareholders of record as of March 25'Th,
1998, which number does not include shareholders whose shares are held in
street or nominee names.

(c) Dividends

The Company has never paid a cash dividend on its common stock and does not
expect to pay one in the foreseeable future.  Payment of dividends in the
future will depend on the Company's earnings (if any) and its cash
requirements at that time.  Management does not plan any stock dividend.

Item 6. Selected Financial Data

The selected financial data presented below was derived from the audited
financial statements of the Company.  The data should be read in conjunction
with the Company's financial statements and the accompanying notes and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations."



                        Selected Operating Information
                        Year Ending December 31, 1995
                                 Adven, Inc.
                                Consolidated

As at and for the Years Ended December 31,

                                1993    1994     1995     1996     1997
        Operating Revenue       Nil     Nil      Nil      Nil      Nil
        Income (Loss)           (7,824) (28,907) (6,416)  (1,844)  8,794
	from operations
        Income (Loss)           (0.02)  (0.02)   Nil      Nil      Nil
	per common share
        Total Assets            Nil     23,187   15,635   13,391   1,710,604
        Long Term Obligations   Nil     Nil      Nil      Nil      505,100
        Redeemable Preferred Stock      Nil      Nil      Nil      Nil
        Cash Dividends          Nil     Nil      Nil      Nil      Nil
	per common share

Item 7. Management's discussion and Analysis of Financial condition and
Results of Operation.

Financial Condition

        On January 15, 1997, an S-8 filing acknowledged the payment to John B.
Lowy, 80,000 common shares as payment for services.  The S-8 filing is
incorporated by referrence to such filing.
  
	On March 13, 1997, the Company sold an aggregate of 2,666,666 shares
of its Common Stock to a foreign company for an aggregate of $1,000,000.
The Company issued an aggregate of 533,000 shares to another foreign entity
as finders fee related to the aforementioned $1,000,000 sale.

        Subsequent to the Company's year end, Dec 31, 1977, the Company has
an additional note receivable of $150,000 with a maturity of less than one
year.

The Business and Strategy

	On March 17, 1997, ADVEN, Inc. (the "Company") entered into a Supply
and Licensed Manufacturing Agreement (the "Agreement") with DIS International
(Marketing) Inc., a Barbados corporation ("DIS").  Pursuant to the Agreement,
the Company received the exclusive right to formulate, manufacture, sell,
distribute and put into use an oil-absorbent urethane foam (currently marketed
under the name Zorbolite) in Australia and New Zealand.

	Pursuant to the Agreement, the Company is required to purchase the
materials required to manufacture Zorbolite from DIS or its affiliates.
Commencing in the first quarter of 1998, the Company is required to purchase
a minimum of $50,000 of materials per quarter.


	The term of the Agreement is five years; however, the Company has the
right to renew the Agreement for successive five year periods, provided the
Company is not in default under the Agreement at that time.  DIS has the right
to terminate the Agreement upon 60 days written notice in the event that the
Company fails to meet its obligations under the Agreement or acts in a manner
prohibited under the Agreement.  The Company has a right to cure any
deficiency within the 60 day period.  The Company's principal obligations
under the Agreement are to pay the balance of the licensing fee ($500,000)
and purchase minimum quotas of materials from DIS and to manufacture and
exploit the sale and distribution of Zorbolite in the Territory.  DIS also has
the right to terminate the Agreement upon the happening of certain events
related to the bankruptcy or insolvency of the Company.

	As consideration for the Agreement, the Company has paid $500,000 and
is obligated to pay an additional $500,000 within the next six months.  The
Company is also obligated to issue 550,000 shares of its restricted common
stock to DIS within the next 30 days.  The amount and terms of the foregoing
consideration were negotiated between the Company and DIS.

	The initial $500,000 was paid from the proceeds of the Company's
Regulation S offering (see "Item 9 Notes to Financial Statements, Sales of
Equity Securities Pursuant to Regulation S").  The Company plans to use the
balance of the proceeds from the Regulation S offering to purchase equipment
and hire personnel.  Management plans to raise the remaining $500,000
required to be paid under the Agreement from the sale of securities.  No
assurance can be given that the Company will be able to raise sufficient
funds.


Results of Operations

The Company has had no revenues for the past three fiscal years, the Company
expects revenues to begin in the first half of 1999 subsequent to the
establishment of a manufacturing and marketing distribution center in
Australia or New Zealand. 

Item 8. Financial Statements.

The report of independent certified public accountants is attached hereto as
Exhibit A. See index to financial statements at page 11.

Item 9. Changes in and Disagreements with Accountants or Accounting and
Financial Disclosure.

None.


PART III

Item 10.  Directors and Executive Officers of the Registrant

Identification of Directors and Executive Officers

The present directors and executive officers and significant employees of the
Company, their positions held in the Company, and duration as such, are as
follows:

        Name            Position                Since
	Henri Hornby	President / Director	12/29/93
	Neil F. Hornby	Secretary / Director	12/29/93
	Family Relationships

Henri Hornby, President and Director, and Neil F. Hornby, Secretary and
Director, are brothers.

Significant Employers

None, other than officers of the Company.

HENRI HORNBY has been self employed, managing his personal investments since
1989.  From October 1988 to November 1989 he was the Chairman of the Board
of Directors and the sole shareholder of Advent Securities, Inc., a Utah
corporation, then licensed by the Commission as a broker/dealer.  Advent
began its retail brokerage business in January 1989.  From January 1985 to
December 1988, Mr. Hornby was a partner of International Projects Group of
San Jose, California, a management consulting and public relations firm.

Mr. Hornby has been an officer and director of five "blank check" companies:
Yarborough Ventures Corporation (now Elegant Illusions, Inc. ("Ell"));
Mont Blanc Resources, Inc. (now Grafix Time Corporation ("GTC")); Mont Rouge
Resources, Inc. (now American Digital Communications, Inc. ("AMDC" or/and
"Mont Rouge")); Zenith Ventures Corporation ("Zenith")); and Adven, Inc.

In November, 1992, Ell completed a public offering of 137,800 Units at $1.00
per Unit.  In May 1993, Ell acquired all of the outstanding stock of Elegant
Illusions, Inc., a retailer of copy jewelry, in exchange for 13,400 shares
of Ell common stock.  The Company changed its name to Elegant Illusion, Inc.
and Mr. Hornby and the other officers and directors of Ell resigned following
the transaction.

In March, 1987, GTC completed a public offering of 371,000 Units at $1.00
each.  In May, 1987, GTC acquired all of the outstanding common stock of
Movies Marketing, Inc. ("Movies"), a manufacturer and marketer of watches and
electronic buttons and badges, in exchange for 4,000,000 shares of GTC common
stock.  Mr. Hornby and the other officers and directors of GTC resigned
following the transaction.  Mr. Hornby does not know the current status of
this company.


Mont Rouge completed a public offering 792,970 Units at $1.00 each in
December of 1987.  On March 1, 1988, Mont Rouge signed an agreement to
acquire American Fidelity Holding Company ("AFH"), a company engaged in the
purchase and sale of second mortgages.  As a result of this transaction,
Mr. Hornby and the other officers and directors of Mont Rouge resigned.  As
a consequence of the acquisition, Mont Rouge transferred $798,184 to AFH.
AFH depleted all of the funds transferred to it by Mont rouge and, by about
March, 1989, AFH closed its offices.  Thereafter, Mr. Hornby confronted the
then current management of Mont Rouge and negotiated a rescission of the
acquisition.  All of the shares issued pursuant to the acquisition were
returned to Mont Rouge, however, Mont Rouge was unable to retrieve any of
the $792,184 from AFH.  In September 1993, Mont Rouge changed, its name to
American Digital Communication, Inc., and acquired SMR (Specialized Mobile
Radio) cellular channel licenses and operations.

In January, 1989, Zenith completed a public offering of 510,000 Units at
$1.00 each.  In February, 1989, Zenith acquired all of the outstanding common
stock of Epic Industries, Inc., a manufacturer of specialized computer chips,
in exchange for 3,200,000 shares of Epic's common stock.  Mr. Henri Hornby
and all the officers and directors of Zenith resigned following the
transaction.  In 1993, Epic ceased doing business.

In December of 1993, Henri Hornby purchased a controlling interest of 85 % of
the issued and outstanding stock of Adven, Inc., representing 1,393,301
shares.  He then brought Adven, Inc. up to date with its audited financial
statements and with its filings with the Securities Exchange Commission.

NEIL F. HORNBY has been President and Director of RAT International
(Marketing) Limited, a company listed on the Vancouver Stock Exchange that
holds the worldwide rights for certain proprietary encryption software
programs, since July, 1993.  Neil F. Hornby has been President and Director
of Strategic Planning Group, Inc., a Nevada corporation, since December 15,
1992.  Also, Mr. Hornby has been Secretary and Director of Adven, Inc.,
since December 29, 1993.  Mr. Hornby was a partner in Western Wireless, Inc.,
an engineering firm, from 1989 to 1992.  Mr. Hornby was President of Hamilton
Williams & Co., San Jose, a full service licensed broker/dealer from 1988 to
1989.  From 1986 to 1988 he was Executive Administrator for International
Projects Group, a management consulting and public relations firm.

Mr. Neil F. Hornby is the brother of Henri Hornby.  Both Neil F. Hornby and
Henri Hornby devote approximately 10 % of their time to the Company's
business.

Item 11.  Executive Compensation

Cash Compensation

No cash compensation has been paid to the officers and directors of the
Company.


Compensation Pursuant to Plans

No compensation was paid to executive officers pursuant to any plan during
the fiscal year just ended, and the Company has no agreement or understanding,
express or implied, with any officer or director concerning employment or
cash compensation for services.

Other compensation

None.

Item 12.  Security Ownership of Certain Beneficial Owners and Management

The following table sets forth as of March 25'TH, 1997, the names of persons
who own of record, or were known by the Company to own beneficially, more
than five percent of its total issued and outstanding common stock and the
beneficial ownership of all such stock as of that date by officers and
directors of the Company and all such officers and directors as a group.
Except as otherwise noted, each person listed below is the sole beneficial
owner of the shares and has sole investment and voting power as such shares.
No person listed below has any option, warrant o r other right to acquire
additional securities of the Company, except as may be otherwise noted.


                        Name and Address        Amount&Nature Percent
                         of Beneficial          of Beneficial   of
        Title of Class       Owner              Ownership      Class

	Common Stock
	par value .0001

        SAME             Henri Hornby*          1,393,301      25.0 %

                         Vanuatu International
                         Trust Company Ltd.     2,666,666      48.8 %

                         Kennington Investments,
                         Ltd.                     533,000       9.7 %

                         DIS International (Marketing),
                         Ltd.                     550,000      10.1 %

All officers and directors                      1,393,301      25.0 %

*Officers and directors

        The Company's management knows of no affiliations between the
foregoing entities or any arrangements between them with regard to the
election of directors or other matters.

        Vanuata International Trust Company Ltd. is a trust organized under
the laws of Vanuata, whose trustee is Lindsay Barret.


        Kennington Investments, Ltd. is a corporation incorporated under the
laws of the Bahamas whose principal officers are Robert Montgomery/President
and M.K. Parcell/Secretary.

        DIS International (Marketing) Inc. is a corporation organized under
the laws of Barbados whose sole officer is Margaret Bruce/President.

Item 13.  Certain Relationships and Related Transactions.

        On March 17, 1997, ADVEN, Inc. (the "Company") entered into a Supply
and Licensed Manufacturing Agreement (the "Agreement") with DIS International
(Marketing) Inc., a Barbados corporation ("DIS").  Pursuant to the Agreement,
the Company received the exclusive right to formulate, manufacture, sell,
distribute and put into use an oil-absorbent urethane foam (currently marketed
under the name Zorbolite) in Australia and New Zealand.

        This oil-absorbent urethane foam ("Zorbolite") has been blended with
various additives and concentrates through a process that changes the
structure of the foam, allowing the foam to absorb hydro carbon liquids.
Zorbolite has many potential industrial and consumer applications related
to cleaning oil based pollutants.

	On March 13, 1997, the Company sold an aggregate of 2,666,666 shares
of its Common Stock to a foreign company for an aggregate of $1,000,000.
The Company issued an aggregate of 533,000 shares to another foreign entity
as finders fee related to the aforementioned $1,000,000 sale.

	Pursuant to the Agreement, the Company is required to purchase the
materials required to manufacture Zorbolite from DIS or its affiliates.
Commencing in the first quarter of 1998, the Company is required to purchase
a minimum of $50,000 of materials per quarter.

	The term of the Agreement is five years; however, the Company has the
right to renew the Agreement for successive five year periods, provided the
Company is not in default under the Agreement at that time.  DIS has the right
to terminate the Agreement upon 60 days written notice in the event that the
Company fails to meet its obligations under the Agreement or acts in a manner
prohibited under the Agreement.  The Company has a right to cure any
deficiency within the 60 day period.  The Company's principal obligations
under the Agreement are to pay the balance of the licensing fee ($500,000)
and purchase minimum quotas of materials from DIS and to manufacture and
exploit the sale and distribution of Zorbolite in the Territory.  DIS also has
the right to terminate the Agreement upon the happening of certain events
related to the bankruptcy or insolvency of the Company.

	As consideration for the Agreement, the Company has paid $500,000 and
is obligated to pay an additional $500,000, and has issued 550,000 shares of
its restricted common stock to DIS.  The amount and terms of the foregoing
consideration were negotiated between the Company and DIS.


	The initial $500,000 was paid from the proceeds of the Company's
Regulation S offering (see "Item 9 of Notes to Financial Statements, Sales
of Equity Securities Pursuant to Regulation S").  The Company plans to use
the balance of the proceeds from the Regulation S offering to purchase
equipment and hire personnel.  Management plans to raise the remaining
$500,000 required to be paid under the Agreement from the sale of securities.
No assurance can be given that the Company will be able to raise sufficient
funds.


                                PART IV

Item 14.  Exhibits and Reports on Form 8-K

(a)	Exhibits: (1) Financial Statements - The Company's audited financial
statements for the year ended December 31, 1997, are attached hereto as
Exhibit A.

(b)	Reports on Form 8-K.  The following report on form 8-K was filed by
the Company during the fourth quarter of the fiscal year ended December 31,
1996.  

       The Company filed an 8-K on March 21, 1997, which is incorporated by
reference to such filing.



                                SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of
1934, the Registrant caused this Report to be signed on its behalf by the
undersigned, thereto duly authorized individual.



                                ADVEN, INC.
                                
                                By
                                Henri Hornby/President and Director


In accordance with the Securities Exchange Act of 1934, this report has
been signed below by the following persons on behalf of the Registrant and
in the capacities and on the dates indicated.

                                Name/Title                   Date

                                Henri Hornby                 March 25, 1998
                                Henri Hornby
                                President / Director         
                                

                                Neil F. Hornby               March 25, 1998
                                Neil F. Hornby
                                Secretary Director





Exhibit A
Audited
Financial Statements





                                ADVEN, INC.

            REPORT OF INDEPENDENT CERTIFID PUBLIC ACCOUNTANTS

Board of Directors
Adven, Inc.
3653 Hemlock Court
Reno, NV.  98509

We have audited the accompanying balance sheets of ADVEN, INC. as of
December 31, 1997 and 1996 and the related statements of operations,
stockholders' equity, and cash flows for each of the three years in the
period ended December 31, 1997.   These financial statements are the
responsibility of the Company's management.  Our responsibility is to
express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards.  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles used and
significant estimates made by management as well as evaluating the overall
financial statement presentation.  We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly,
in all material the financial position of ADVEN, INC. as of December 31,
1997 and 1996, and the results of its operations and its cash flows for each
of the three years in the period ended December 31, 1997 in conformity with
generally accepted accounting principles.


ROBERT MOE & ASSOCIATES, P.S.

Spokane, Washington
March 10, 1998

	
                                  ADVEN, INC.        

                                BALANCE SHEET
                          December 31, 1997 and 1996

                                    ASSETS

                                                       1997           1996
	CURRENT ASSETS
        Cash                                         $403,011        $13,391
        Accrued interest receivable                     1,343           -
        Note receivable                               100,000           -
        Total current assets                          504,354         13,391

        OTHER ASSETS

        Supply and Licensed Manufacturing
        Agreement                                   1,206,250           -
        TOTAL ASSETS                              $ 1,710,604        $13,391

                    LIABIILITIES AND STOCKHOLDERS' EQUITY

	CURRENT LIABILITIES
        Accounts payable                          $       975         $3,218
        License agreement payable                     500,000           -
	Loan payable-non related
        party                                           4,125          4,125
        Total Current Liabilities                     505,100          7,343

	STOCKHOLDERS'EQUITY
	Common stock, $.0001 par value,
	20,000,000 shares authorized,
        5,469,667 and 1,640,001 shares issued             547            164

        Preferred stock, $.OOO1 par value
	20,000,000 shares authorized, -0-
        shares issued                                    -               -

        Additional paid-in capital                  1,377,715        169,848
        Accumulated (Deficit)                        (172,758)      (163,964)
        Total Stockholders' Equity                  1,205,504          6,048

	TOTAL LIABILITIES AND STOCKHOLDERS'
        EQUITY                                     $1,710,604        $13,391

The accompanying notes are an integral part of these financial statements


	
                                  ADVEN, INC.
                                  
                            STATEMENT OF OPERATIONS
          for the three years ended December 31, 1997, 1996, and 1995

                                            1997          1996        1995
REVENUES                                  $1,343        $   -       $   -
OPERATING EXPENSES
Administrative expenses                   10,137         1,844       6,416
                                          10,137         1,844       6,416
OPERATING (LOSS)                         (8,794)        (1,844)     (6,416)
OTHER INCOME (EXPENSES)

INCOME (LOSS) BEFORE PROVISION
FOR FEDERAL INCOME TAX                   (8,794)        (1,844)     (6,416)

PROVISION FOR FEDERAL INCONM TAX
NET INCOME (LOSS)                       $(8,794)      $ (1,844)    $(6,416)

EARNINGS (LOSS) PER SHARE               $ NIL         $ NIL        $ N]IL


The accompanying notes are an integral part of these financial statements


                                ADVEN, INC.
               STATEMENT OF CHANGES IN STOCKHOLDERS'EQUITY
         Inception (August 22, 1986) through December 31, 1997

                                                    Retained        Total
                         Common  Stock   Paid-In    Earnings     Stockholder's
                        Shares    Amount  Capital   (Deficit)       Equity

Stock issued for
cash at $.0064        2,500,000    $250  $ 15,750                   $16,000
Net (loss) for 1986                                      $(61)          (61)
Balances, December 31,
1986                  2,500,000     250    15,750         (61)       15,939
Stock issued for
cash at $.03          5,000,000     500   149,500                   150,000
Costs of stock offering                   (55,258)                  (55,258)
Stock issued for all of the out-
standing capital stock of Surface
Technologies, Inc.   21,500,000   2,150   137,850    (149,941)       (9,941)
Stock issued for
services at $.OOO1    1,200,000     120                                 120
Net (loss) for 1987                                  (137,539)     (137,539)
Balances, December 31,
1987                 30,200,000   3,020   247,842    (287,541)      (36,679)
Stock issued for
services              5,000,000     500                                 500
Net (loss) for 1988                                   (12,906)      (12,906)
Balances, December 31,
1988                 35,200,000   3,520   247,842    (300,447)       (49,085)
Net (loss) for 1989                                   (69,516        (69,516)
Balances, December 31,
1989                 35,200,000   3,520   247,842    (369,963)      (118,601)
Stock issued for cash
at $.0009375          4,800,000     480     4,020                      4,500
Effect of sale of
all interest in Surface
Technologies, Inc. (note 4)              (137,850)    308,305        170,455
Net (loss) for 1990                                   (56,308)       (56,308)
Effect of reverse stock split of
25 to 1             (38,400,000)(3,840)     3,840
Balances, December 31,
1990                  1,600,000    160    117,852     117,966)            46
Net (loss) for 1991                                      (592)          (592)
Balances, December 31,
1991                  1,600,000    160    117,852    (118,558)          (546)
Net (loss) for 1992                                      (415)          (415)
Balances, December 31,
1992                  1,600,000    160    117,852    (118,973)          (961)
Balances, December 31,
1992                  1,600,000    160    117,852    (118,973)          (961)
Net (loss) for 1993                                    (7,824)        (7,824)
Effect of reverse stock split of 4
to 1 on 12-31-93     (1,999,999) (120)        120
Balances, December 31,
1993                    400,001    40     117,972    (126,797)        (8,785)
Sale of common stock  1,240,000   124      51,876                     52,000
Net (loss) for 1994                                   (28,907)       (28,907)
Balances, December 31,
1994                  1,640,001   164     169,848    (155,704)        14,308
Net (loss) for 1995                                    (6,416)        (6,416)
Balances, December 31,
1995                 1,640,001    164     169,848    (162,120)         7,892
Net (loss) for 1996                                    (1,844)        (1,844)
Balances, December 31,
1996                 1,640,001    164     169,848    (163,964)         6,048
Sale of common stock 2,666,666    267     999,733                  1,000,000
Finders fee paid by issuing common                                      -
stock                 533,000      53     199,822                    199,875
Finders fee charged to paid-in                                  
capital                                  (199,875)                  (199,875)
Payment on license agreement                                    
by issuing common stock 550,000   55      206,195                    206,250
Payment of legal fee by issuing                                 
common stock             80,000    8        1,992                      2,000
Net (loss) for 1997                                    (8,794)        (8,794)
Balances, December 31,
1997                  5,469,667 $547   $1,377,715    $(172,758)   $1,205,504


The accompanying notes are an integral part of these financial statements


                                 ADVEN, INC.

                          STATEMENT OF CASH FLOWS
          for the years ended December 31, 1997, 1996, and 1995

                                          1997          1996         1995
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)                       $(8,794)    $ (1,844)    $ (6,416)
Adjustments to reconcile net income
(loss) to net cash provided (used)
by operating activities:
Payment of legal fees by issuing
common stock                              2,000
Increase (decrease) in accrued
interest receivable                      (1,343) 
Increase (decrease) in accounts
payable                                  (2,243)        (400)      (1,136)
Net Cash Provided (used) in
Operating Activities                    (10,380)      (2,244)      (7,552)

CASH FLOWS FROM INVSTING ACTIVITIES
Payment of license agreement           (500,000)      
(Increase) decrease in note receivable (100,000)  
                                       (600,000)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock    1,000,000  

NET INCREASE (DECREASE) IN CASH         389,620       (2,244)      (7,552)
CASH AND CASH EQUIVALENTS AT BEGINNING
OF PERIOD                                13,391       15,635       23,187

CASH AND CASH EQUIVALENTS AT END OF
PERIOD                                 $403,011      $13,391      $15,635

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest                               $   -         $   -        $   -
Income taxes                           $   -         $   -        $   -

For purposes of this statement short term investments which have an initial
maturity of ninety days or less are considered cash equivalents.

SUPPLEMENTAL SCHEDULE OF NONCASH ACTIVITIES
Legal fees for $2,000 were paid by issuing 80,000 shares of common stock.
A finder fee of $199,875 was paid by issuing 533,000 shares of common stock.
Partial payment of the license agreement was made by issuing 550,000 shares
of common stock valued at $206,250.

The accompanying notes are an integral pan of these financial statements.


                                  ADVEN, INC.
                        NOTES TO FINANCIAL STATEMENTS

1 - ORGANIZATION AND SIGNMCANT ACCOUNTING POLICIIES

Organization: The Company was incorporated in the State of Washington on
August 22, 1986.  In 1987 the Company entered into an agreement to exchange
21,500,000 shares of unregistered, restricted common stock of the Company
for all outstanding capital stock of Surface Technologies, Inc., which
became a wholly owned subsidiary of the Company until December 28, 1990.  On
that date the Company exchanged 100% of its interest in Surface Technologies,
Inc. to Forsell Investors Limited Partnership (a related party) in RW
satisfaction of all amounts owed by the Company to the partnership.

Accounting Method: The Company uses the accrual method of accounting for
revenues and expenses.

2 - PUBLIC OFFERING

The Company registered 15,000,000 of its common stock shares with the
Securities and Exchange Commission and made an initial public offering of
5,000,000 shares at $.03 per slim in 1987.

3 - CAPITALIZATION

The Company approved a 25 to 1 reverse stock split on December 28, 1990
which reduced the number of authorized shares from 100,000,000 to 4,000,000
and reduced the amount of issued and outstanding shares from 40,000,000 to
1,600,000 shares.  Immediately after the reverse stock split the Company
approved an increase in the authorized common stock to 50,000,000 shares. On
December 29, 1993 the Company approved a 4 to 1 reverse split which reduced
the number of authorized shares from 50,000,000 to 12,500,000 and reduced
the amount of issued and outstanding shares from 1,600,000 to 400,000 shares.
Immediately after the reverse stock split the Company approved an increase
in the authorized common stock to 20,000,000 shares.

4 - CONSOLIDATION 

In 1987, the Company entered into an agreement to exchange 21,500,000 shares
of stock for all of the outstanding capital stock of Surface Technologies,
Inc. The consolidation was accounted for using the purchase method of
accounting.  Where the ownership and operating control in the combined entity
reside in the shareholders of the accrued corporations, generally accepted
accounting principles require that the acquired corporation be treated as
the purchaser for accounting purposes.  Accordingly, the statement of
changes in stockholders' equity includes an adjustment in 1987 to record the
additional paid-in capital and retained earnings deficit of Surface
Technologies, Inc. in the amount of $137,850 and $(149,941) respectively.
Similarly, there is an adjustment in 1990 to remove the additional paid in
capital and retained earnings deficit of Surface Technologies, Inc. in the
amount of $(137,850) and $308,305 respectively upon the disposition of all
interest in Surface Technologies, Inc. stock as of December 28, 1990.

5 - RELATED PARTY TRANSACTIONS

Forsell Investors Limited Partnership (FILP) is a limited partnership
controlled by Richard Forsell, a shareholder and past President of Adven Inc.
FILP loaned $50,000 to the Company in December 1988. No interest payments had
been made on the loan and by November 1990 there was in excess of $13,000
accrued interest in arrears.  FILP gave written notice of default on the
loan in 1990.  FILP agreed to purchase 100% of the stock in Surface
Technologies, Inc. (A wholly owned subsidiary acquired in 1987.  See note 4)
in full satisfaction of its $50,000 loan and all accrued interest Surface
Technologies, Inc. had sustained repeated losses, warranty work problems,
and excessive debt which obviated any reasonable prospect for Adven Inc.
to acquire the funds from the subsidiary to service the debt owned to FILP.

In conjunction with the sale of all interest in Surface Technologies, Inc.,
Richard Forsell agreed to purchase 4,800,000 shares of stock in 1990 (prior
to the reverse stock split of 25 to 1) for $4,500 to provide funds to pay
Advens outstanding bills as of December 1990.  The result of these actions
was to eliminate virtually all assets and liabilities from Adven Inc. which
would facilitate the search for a merger candidate to place in the public
shell and thereby create value for the shareholders.

6 - FEDERAL INCOME TAXES

Effective as of January 1, 1990 the Corporation adopted Statement of
Financial Accounting Standards ("SFAS") No. 109 Accounting for Income Taxes
which establishes generally accepted accounting principles for the financial
accounting measurement and disclosure principles for income taxes that are
payable or refundable for the current year and for the future tax
consequences of events that have been recognized in the financial statements
of the Corporation and past and current tax.  The change had no effect on
prior years results.  There are no material timing differences which would
produce a deferred tax liability or asset.

The following net operating loss carryforwards as of December 31, 1997 will
expire if not applied by the dates scheduled below:

        Year ending December 31.       Net Operating Loss
        2001                                  $     61
        2002                                    21,829
        2003                                    21,740
        2004                                     5,628
        2005                                     4,571
        2006                                       592
        2007                                       415
        2008                                     7,824
        2009                                    28,907
        2010                                     6,416
        2011                                     1,844
        2012                                     8,794
                                                99,621 

7- UNCERTANTIES

During the years presented in the financial statements, the Company has
sustained recurring losses, and the source of the Company's operating
income was disposed in the sale of all interest in Surface Technologies,
Inc. in 1990.  As a result of this sale in 1990 the Company was reduced to
a public "shell" with no operations.

8 - FAIR VALUE OF FINANCIAL INSTRUMENTS

Financial Accenting Standards Board ("FASB") Statement No. 107 "Disclosure
about Fair Value of Financial Instruments," is a part of a continuing
process by the FASB to improve information on financial instruments.
The following methods and assumptions were used by the Company in estimating
its fair value disclosures for such financial instruments as defined by the
Statement.

Cash:  The carrying amount reported in the balance sheet for cash
approximates fair value.

Note Receivable and Accounts Payable: The carrying amount reported in the
balance far value because the maturity is less than one year in duration.

9 -	SALES OF EQUITY SECURITIES PURSUANT TO REGULATIONS

On March 13, 1997, the Company sold an aggregate of 2,666,666 shares of its
Common Stock to a foreign company for an aggregate of $1,000,000.  The
Company issued an aggregate of 533,000 shares to another foreign entity as
finders fee related to the aforementioned $1,000,000 sale.

All of the foregoing shares were issued to entities that are not "US Persons"
as that term is defined under Regulation S and were issued pursuant to the
exemption from registration provided by Regulation S.

10 - SUPPLY AND LICENSED MANUFACTURING AGREEMENT

On March 17, 1997 the Company entered into a supply and licensed
manufacturing agreement with DIS International Inc., a Barbados corporation.
Pursuant to the agreement the Company received the exclusive right to
formulate, manufacture, sell, distribute, and put into use an oil absorbent
urethane foam in Australia and New Zealand.

As consideration for the agreement the Company paid $500,000 cash and is
obligated to pay an additional $500,000.  The terms of the additional
payment are currently being negotiated and management believes that interest
on the payment will not start to accrue until after December 31, 1997.  The
Company also issued 550,000 shares of restricted common stock valued at
$206,250.

11 - CONCENTRATION OF CREDIT RISK

All of the Company cash is held in one account at the Comstock Bank in
Carson City, Nevada.  The FDIC amount is $100,000.