dot com ENTERTAINMENT  GROUP, INC.
                           AND SUBSIDIARIES

                      CONSOLIDATED BALANCE SHEETS


                                       (Unaudited)       (Audited)
                                        March 31,       December 31,
          ASSETS                           2001            2000
                                      ------------       ------------

Current assets:
      Cash and cash equivalents        $  817,973    $       655,409
      Accounts receivable:
        Trade                             569,638            464,061
        Other                              23,660             16,274
      Prepaid expenses and deposits        16,708                  -
                                      ------------       ------------
          Total current assets          1,427,979          1,135,744

 Fixed assets - net                        45,567             46,418

 Deferred tax asset                       203,500            260,000
                                      ------------       ------------

                                      $ 1,677,046    $     1,442,162
                                      ------------       ------------
                                      ------------       ------------

 LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
      Accounts payable and accrued
       expenses                       $   165,349    $       105,521
      Accounts payable - officers          66,000             75,805
      Deferred revenue                    177,942            164,167
      Income taxes payable                 42,866             15,532
                                      ------------       ------------
          Total current liabilities       452,157            361,025

 Stockholders' equity:
      Common stock, $0.001 par value,
       50,000,000 shares authorized,
       10,730,000 shares issued and
       outstanding (10,730,000 - 2000)     10,730             10,730
      Additional paid in capital        1,411,820          1,411,820
      Accumulated deficit                (197,661)          (341,413)
                                      ------------       ------------
                                        1,224,889          1,081,137
                                      ------------       ------------

                                      ------------       ------------
                                      $ 1,677,046    $     1,442,162
                                      ------------       ------------
                                      ------------       ------------



                     dot com ENTERTAINMENT  GROUP, INC.
                             AND SUBSIDIARIES

                   CONSOLIDATED STATEMENTS OF OPERATIONS
                                (Unaudited)


                                            Three Months Ended
                                                 March 31
                                          2001              2000
                                      ------------       ------------

 Revenues:
      Royalties                       $   560,553    $       221,910
      Installation fees                   159,225             17,000
      Support and maintenance              85,058             67,000
                                      ------------       ------------
                                          804,836            305,910

 Expenses:
      Marketing                           146,372             33,879
      Research, software development
       and support services               192,696            132,271
      General and administrative          226,182             98,365
                                      ------------       ------------
                                          565,250            264,515
                                      ------------       ------------

 Net income before income tax expense     239,586             41,395

 Income tax expense                        95,834             17,000
                                      ------------       ------------

 Net income                          $    143,752    $        24,395
                                      ------------       ------------
                                      ------------       ------------

 Net income  per share:
            Basic                    $       0.01    $          0.00
                                      ------------       ------------
                                      ------------       ------------

            Diluted                  $       0.01    $          0.00
                                      ------------       ------------
                                      ------------       ------------

 Weighted average number of common shares outstanding:
            Basic                      10,730,000         10,653,000
                                      ------------       ------------
                                      ------------       ------------

            Diluted                    10,811,023         10,653,000
                                      ------------       ------------
                                      ------------       ------------


                    dot com ENTERTAINMENT  GROUP, INC.
                             AND SUBSIDIARIES

                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (Unaudited)


                                            Three Months Ended
                                                  March 31
                                          2001               2000
                                      ------------       ------------

Cash flows from operating activities:
      Net income                   $      143,752    $        24,395
      Adjustments to reconcile net
       income to net cash provided
      (used) by operating activities:
        Expenses satisfied via the
         issuance of common stock and
         stock options                          -             18,000
        Depreciation                        3,590                  -
        Deferred income tax expense        56,500             17,000
        Changes in non-cash working
         capital items:
          Accounts receivable            (112,963)           (69,258)
          Prepaid expenses and deposits   (16,708)                 -
          Accounts payable and accrued
           expenses                        59,828             39,194
          Accounts payable - officers      (9,805)           (31,416)
          Deferred revenue                 13,775                  -
          Income taxes payable             27,334                  -
                                      ------------       ------------
 Net cash provided (used) by operating
  activities                              165,303             (2,085)

 Cash flows from investing activities:
      Purchases of fixed assets            (2,739)                 -
                                      ------------       ------------
    Net cash used in investing activities  (2,739)                 -

 Cash flows from financing activities:
      Proceeds from issuance of common stock    -            455,000
                                      ------------       ------------
 Net cash provided by financing activities      -            455,000
                                      ------------       ------------

 Net increase in cash and cash equivalents
  during the period                       162,564            452,915

 Cash and cash equivalents beginning
  of period                               655,409             51,707
                                      ------------       ------------

 Cash and cash equivalents, end
  of period                           $   817,973    $       504,622
                                      ------------       ------------
                                      ------------       ------------


 Supplemental cash flow activities
   Income taxes paid                  $    12,000    $             -
                                      ------------       ------------
                                      ------------       ------------