<SUBMISSION>
<ACCESSION-NUMBER>0001269364-04-000011
<TYPE>424B3
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20040210
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CAPE COASTAL TRADING CORP
<CIK>0001219097
<ASSIGNED-SIC>2590
<IRS-NUMBER>522372260
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B3
<ACT>33
<FILE-NUMBER>333-105393
<FILM-NUMBER>04581724
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>301 WEST 53 6C
<CITY>NEW YORK
<STATE>NY
<ZIP>10019
<PHONE>646-215-3583
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>capesbv3.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>



<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR"  -->
<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed Pursuant to Rule
424(b)(3) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></P>
               <P ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No. 333-105393</FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND EXCHANGE
COMMISSION </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AMENDMENT NO. 5 TO FORM SB-2/A </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>REGISTRATION STATEMENT </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Under </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Securities Act of
1933 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name of registrant as
specified in its charter) </FONT></P>





<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;New York</FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif">2590</FONT></TH>
     <TH align=right><FONT FACE="Times New Roman, Times, Serif">52-2372260&nbsp;&nbsp;</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH align=left><HR SIZE="1" WIDTH="50%" ALIGN="Left"></TH>
     <TH><HR SIZE="1" WIDTH="33%" ALIGN="center"></TH>
     <TH><HR SIZE="1" WIDTH="50%" ALIGN="right"></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=33% ALIGN=left><FONT FACE="Times New Roman, Times, Serif">State of Jurisdiction</FONT></TD>
     <TD WIDTH=33% ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Primary Standard</FONT></TD>
     <TD WIDTH=33% ALIGN=right><FONT FACE="Times New Roman, Times, Serif">IRS Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;of Incorporation</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Industrial Classification</FONT></TD>
     <TD ALIGN=right><FONT FACE="Times New Roman, Times, Serif">Identification&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif">&nbsp;&nbsp;or Organization</FONT></TD>
     <TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif">Code Number</FONT></TD>
     <TD ALIGN=right><FONT FACE="Times New Roman, Times, Serif">Number&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>



<p><br><br><br><br></p>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jason L. Karavias, Esq.
<br>47-20 Greenpoint Avenue <br>Sunnyside, NY 11104
<br>(718) 729-5959 </FONT></P>



<p align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Address, including zip code, and telephone number, including area code,<br> of registrant&#146;s
principal executive offices and principal place of business)</FONT></P>


<!-- MARKER FORMAT-SHEET="Three Quarters Rule" FSL="Default" -->
     <HR ALIGN=CENTER WIDTH=75% SIZE=1 NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kwajo Sarfoh, President<br>301 West 53rd Street, 6C
<br>New York, NY 10019<br>(646) 215-3583 </FONT></P>

<p align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(Address, including zip code, and telephone number, including area code,<br> of registrant&#146;s
principal executive offices and principal place of business)</FONT></P>


<!-- MARKER FORMAT-SHEET="Three Quarters Rule" FSL="Default" -->
     <HR ALIGN=CENTER WIDTH=75% SIZE=1 NOSHADE>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>With copies to: <br>
Jason L. Karavias, Esq.<br>47-20 Greenpoint Avenue<br>Sunnyside, NY 11104<br>
(718) 729-5959 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>APPROXIMATE DATE OF
COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: AS SOON AS PRACTICABLE AFTER THE EFFECTIVE
DATE OF THIS REGISTRATIONSTATEMENT. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>November 12, 2003  </FONT></P>

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933, check the following box. (X)

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is filed to register
additional securities for an offering pursuant to Rule 462(b) under the Securities Act of
1933, check the following box and list the Securities Act registration statement number of
earlier effective registration statement for the same offering. ( ) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is a post-effective
amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the
following box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. ( ) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If this Form is a post-effective
amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the
following box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. ( ) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If delivery of the prospectus is
expected to be made pursuant to Rule 434 under the Securities Act of 1933, please check
the following box. ( ). </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><br><br>CALCULATION OF
REGISTRATION FEE </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=90%>
<TR>
     <TD COLSPAN=10><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=39% ALIGN=LEFT>&nbsp;Title of each</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=12% ALIGN=LEFT>Amount to be</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=13% ALIGN=LEFT>Proposed</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=13% ALIGN=LEFT>Proposed</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=13% ALIGN=LEFT>Amount of</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;class of securities</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>registered</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>maximum</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>maximum</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>registration</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;to be registered</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>offering</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>aggregate</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>fee</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT></TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>price per<BR>
 unit(1)</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>offering<BR>
 price(2)</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT></TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT></TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=10><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR>
     <TD COLSPAN=10><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Common Stock,</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>316,500</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>$             .20</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>$          63,300</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>$            40.72</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;$.001 par value</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;to be sold by</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;selling</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;shareholders</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=10><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1)&nbsp;&nbsp;&nbsp;&nbsp;
          The offering price for each share is the price actually paid by the shareholders
          in the past. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2)&nbsp;&nbsp;&nbsp;&nbsp;
          The portion of the shares which are being offered by the selling shareholders
          has been calculated based upon Rule 457(c) and the amount is only for purposes
          of determining the registration fee, the actual amount received by a selling
          shareholder will be based upon fluctuating market prices. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cape Coastal Trading Corporation
hereby amends this registration statement on such date or dates as may be necessary to
delay its effective date until Cape Coastal Trading Corporation shall file a further
amendment which specifically states that this registration statement shall thereafter
become effective in accordance with Section 8(a) of the Securities Act of 1933 or until
the registration statement shall become effective on such date as the Commission, acting
pursuant to said Section 8(a), may determine. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>PROSPECTUS</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>316,500 SHARES OF
COMMON STOCK </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cape Coastal Trading Corporation (&#147;CCTC&#148;)
is offering a maximum of 250,000 shares of common stock. The offering price for these
shares is to be $.20 per share and the maximum amount to be raised is $50,000.00. There
will be no underwriter or broker/dealer involved in the transaction and there will be no
commissions paid to any individuals from the proceeds of this sale. There will be no
minimum amount of shares sold and CCTC will not create an escrow account into which the
proceeds from any shares will be placed. Instead, the proceeds from all shares sold by
CCTC will be placed into the corporate account and such funds shall be non-refundable to
subscribers except as may be required by applicable law. CCTC will pay all expenses
incurred in this offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Concurrently with this offering,
there are an additional 2,266,500 shares of its common stock being offered for sale by
selling shareholders. These shares will be offered initially at a fixed price of $.20 per
share for the duration of the offering No amounts paid to the selling shareholders for the
shares they are selling will go to CCTC. All proceeds from said shares will, instead, be
retained by the selling shareholders. Initially, selling shareholders may seek a
broker/dealer to sell their shares, however, if they are unable to do so, they will
attempt to sell the shares themselves. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We are registering 250,000 shares of
our common stock for sale on a &#147;best efforts&#148; basis. There is no requirement
that we sell a minimum number of shares. If all 250,000 shares are not sold within 120
days from the date hereof,(which may be extended an additional 30 days in the sole
discretion of CCTC), the offering for the balance of the shares will terminate and no
further shares will be sold. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This is the initial registration of
any of our securities. Prior to this registration, there has been no public market for the
shares of common stock. It is unlikely that an active public trading market can be
established or sustained in the foreseeable future. There is a high degree of risk
involved with this investment, due to the fact that it is in its developmental stage and
there is no market for the securities being purchased. You are referred to risk factors on
page 10 for further information. </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="85%" ALIGN="LEFT" BORDER="0">
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" size=2></FONT></TH>
     <TH COLSPAN="3" ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;PRICE<BR>
TO PUBLIC</FONT><HR WIDTH=55% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN="3" ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;UNDERWRITING DISCOUNTS<BR>
DISCOUNTS OR COMMISSIONS</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3 align=left><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;PROCEEDS<BR>
TO COMPANY</FONT><HR WIDTH=85% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>Per share as offered</FONT>
</TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT" WIDTH="2"><FONT FACE="Times New Roman, Times, Serif">$</FONT>
</TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2>0.20</FONT></TD>
        <TD ALIGN="LEFT" WIDTH="100"><FONT FACE="Times New Roman, Times, Serif"></FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>None</FONT>
</TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT>
</TD><TD ALIGN="right"><FONT FACE="Times New Roman, Times, Serif" size=2>$</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;.20</FONT></TD><TD ALIGN="LEFT">
<FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN="LEFT">
<FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>by CCTC
</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>
&nbsp;</FONT></TD>
<TD ALIGN="LEFT">
<FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>

      <TD>&nbsp; </TD>
      <TD> </TD>


      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<tr>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>Total number of shares</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif">$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" size=2>    50,000</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>None</FONT>
</TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT>
</TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" size=2>100%</FONT></TD><TD ALIGN=LEFT>&nbsp;</TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>offered by CCTC (250,000)</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<tr>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>Per share (offered by</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif">$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" size=2> 0.20<BR>
 </FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>(1)</FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None (2)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN=left><FONT FACE="Times New Roman, Times, Serif" size=2>None&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>selling shareholders)</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>

      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<tr>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>Total shares offered</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" size=2>$</FONT></TD><TD ALIGN="RIGHT" WIDTH="20"><FONT FACE="Times New Roman, Times, Serif" size=2>13,300</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" size=2>None</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" size=2>None</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" size=2>by selling shareholders( 66,500)</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>

<p><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR></P>


<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;
          The quoted price is the initial asking price by the selling shareholders. In the
          event that a market is created to trade these shares, the shares will be offered
          at the fixed price of $.20 per share for the duration of the offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)&nbsp;&nbsp;&nbsp;&nbsp;
          At present, the selling shareholders have no agreements with any broker/dealer
          to sell these shares. In the event that shares are sold through a broker/dealer,
          a standard commission will be paid from the proceeds to that broker/dealer. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The securities have not been approved
or disapproved by the securities and exchange commission or any state securities
commission nor has the securities and exchange commission or any state securities
commission passed upon the accuracy or adequacy of this prospectus. Any representation to
the contrary is a criminal offense. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The offering will remain open for 120
days, and an additional 30 days at the sole discretion of our management, unless the total
proceeds are earlier received or we determine, in our sole discretion, to cease selling
efforts. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THE DATE OF THIS
PROSPECTUS IS November 12, 2003 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
prospectus is not an offer to sell securities and it is not soliciting an offer to buy the
securities in any state where the offer or sale is not permitted. </FONT></P>






<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INSIDE FRONT AND OUTSIDE BACK COVER
OF THE PROSPECTUS: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Until March 10, 2003 (120 days from the
date of this prospectus), all dealers that effect transactions in these securities,
whether or not participating in this offering, may be required to deliver a prospectus.
This is in addition to the dealer&#146;s obligation to deliver a prospectus when acting as
underwriters and with respect to their unsold allotments or subscriptions. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>TABLE OF CONTENTS </B></FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="90%">
<TR VALIGN=Bottom>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Number</FONT><HR WIDTH=85% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item in Form SB-2 Prospectus</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH align=right><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page No.</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT" WIDTH="65"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Front of Registration Statement and Outside Front Cover Page of Prospectus</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Inside Front and Outside Back Cover Pages of Prospectus</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A href="#Summ">Summary Information and Risk Factors</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#UseOfProceeds">Use of Proceeds</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>12&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#determination">Determination of Offering Price</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>13&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#dilution">Dilution</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>14&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#secholders">Selling Security Holders</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>15&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>8&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#planofdis">Plan of Distribution</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>17&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>9&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#legalpro">Legal Proceedings</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>19&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#directors">Directors, Executive Officers, Promoters and Control Persons</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>19&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>11&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#secownership">Security Ownership of Certain Beneficial Owners and Management</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>12&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#descripofsec">Description of Securities</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>13&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#namedexperts">Interest of Named Experts and Counsel</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>21&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>14&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#indemnification">Indemnification</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>22&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>15&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#descripofbusine">Description of Business</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>16&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#managementdisc">Management's Discussion and Analysis or Plan of Operation</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>26&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>17&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#descripofprop">Description of Property</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>29&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>18&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#certainrelation">Certain Relationships and Related Transactions</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>29&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>19&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#marketforcom">Market for Common Equity and Related Stockholder Matters</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>30&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#execcomp">Executive Compensation</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>30&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>21&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#financialstmnts">Financial Statements</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>31&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>22&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><A HREF="#changesanddis">Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</A></FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>44&nbsp;</FONT></TD></TR>
</TABLE>


<A NAME="Summ"> </A>
<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>SUMMARY INFORMATION</b> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This summary highlights information
contained elsewhere in the prospectus. It does not contain all the information you should
consider. You should also read the more detailed information set out in this prospectus
including the &#147;Risk Factors&#148; section and the Financial Statements and Notes
before making an investment. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC was incorporated on August 16,
2002 and its fiscal year ends December 31. Since its incorporation CCTC has been in its
developmental stages. CCTC has had little revenue from operations since its inception and
has incurred, and continues to incur, operating losses. CCTC anticipates obtaining future
revenues from the import and sale of artworks and crafts produced primarily in Ghana,
Africa by skilled native artisans and craftsmen. The company has procured $500 of artworks
and crafts for purposes of providing samples for further marketing of the product and
initial sales. At the present time, we have limited financial resources from which to
conduct additional marketing studies. The company plans to expend 50 % of the proceeds it
receives from this offering, less operating proceeds, on marketing in order to expand the
size and demographics of its market. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Corporation currently has
2,266,500 shares of its $.001 par value common shares outstanding. Upon the successful
completion of this offering, CCTC will have 2,516,500 shares outstanding. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following summary is qualified in
its entirety by reference to the more detailed information and the financial statements,
including the notes thereto, appearing elsewhere in this prospectus. Each prospective
investor is urged to read this prospectus in its entirety. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ORGANIZATION</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC was incorporated on August 16,
2002 in the State of New York. The Company&#146;s principal offices are located at 301
West 53 Street, 6C, New York, New York 10019. Its telephone number is (646) 215-3583. CCTC
has never declared bankruptcy, it has never been in receivership, and it has never been
involved in any legal action or proceedings. Since becoming incorporated, CCTC has
purchased a computer, monitor and an all-in-one printer, fax, scanner and copier. CCTC
also obtained an inventory of several artworks and crafts directly from Ghana during a
visit by an officer of the company. Imported items included the following: </FONT></P>


<TABLE align=left WIDTH="60%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="75%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Ashanti Stools</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Leather Purses, Sandals, Book Bags &amp; Wallets
</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Leather Footrests</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bracelets &amp; Beads
</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Authentic Kente Cloth</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Statutes, and an assortment of additional Wood Carvings
</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Raffia Baskets</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Ashanti Dolls</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Traditional Games</FONT></TD></TR>
</TABLE>

<p><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR></p>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC has made no other significant
purchases. It has not sold any assets, nor has it been involved in any mergers,
acquisitions or consolidations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC must first raise sufficient
capital to market the artworks and crafts and to procure and maintain necessary inventory
levels. It will be necessary for CCTC to develop a group of independent domestic
distributors to distribute the artworks and crafts to the marketplace. CCTC has orally
negotiated for both Lizmof Enterprise, a Ghana based independent foreign dealer and
distributor in art, craft and general merchants, and Gye Nyame Handicraft Co., Producers
and Exporters, to produce and distribute artworks and crafts to the company&#146;s office
in the United States. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Although the artworks and crafts are
authentically produced in Ghana, there are other uniquely produced artworks and crafts
from Africa currently in the marketplace that may be suitable substitutes for artworks and
crafts produced in Ghana. Therefore, CCTC anticipates a substantial amount of competition
in the marketplace once the products are ready to be sold. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>It is doubtful if CCTC can continue
as a going concern if additional capital is not raised. CCTC requires this capital to
proceed with the importation of inventory and to adequately market and sell our products.
It may be necessary for CCTC to expand the selection of artworks and crafts imported so
that it can present a full line of products to the marketplace. At the present time, it is
anticipated by the management of CCTC that it will take approximately 3 to 4 months in
order to secure the necessary financing to go forward with its plans to import and market
its product. The management of CCTC has determined that it is necessary to seek an
additional $50,000.00 of capitalization at this time through the offering of stock. If
additional funds are necessary to continue to market and sustain operations until we are
able to sustain operations through sales, then CCTC will seek loans. If, after seeking
sources of debt to proceed with CCTC&#146;s operations, management determines that it is
unlikely that it will be successful in obtaining debt financing, management reserves the
right to seek other sources of funding through either a private placement or through
future offerings of publicly traded common stock. Should this occur, any investor who
purchases through this offering will experience additional dilution in its ownership of
this company. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC anticipates that it will
continue to experience operating losses for a period of at least one year and possibly
longer. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr.&nbsp;&nbsp;&nbsp;&nbsp;
          Kwajo M. Sarfoh and Mr. Trae. O. High are the only officers of the Company. CCTC
          has no other employees at this time and does not expect to hire any staff until
          future operations deem it to be necessary. At the present time, CCTC has no
          binding contractual commitments that would create a future liability. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Summary Financial
Information</b> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The summary financial information set
forth below is derived from the more detailed financial information appearing elsewhere in
this prospectus. We have prepared our financial statements contained in this prospectus in
accordance with generally acceptable accounting practices in the United States. All
information should be considered in conjunction with our financial statements and the
notes contained elsewhere in this prospectus. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY) <BR>BALANCE SHEET For The
Period Ended JUNE 30, 2003 (UNAUDITED) </FONT></P>


<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>
                                         ASSETS
</b></font></p>


<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>

<TR>
      <TD>CURRENT ASSETS </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD WIDTH="68%" ALIGN="LEFT">Cash</TD>
     <TD WIDTH="10%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="20%" ALIGN="RIGHT">$3,393</TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Inventory</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>425</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Total current assets</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">3,818</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>

<TR>
      <TD>&nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>FIXED ASSETS, NET</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>1,875</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL ASSETS</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$5,693</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
</TABLE>


<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>
LIABILITIES AND STOCKHOLDERS' EQUITY
</b></font></p>




<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=84% ALIGN=LEFT>CURRENT LIABILITIES</TD>
     <TD WIDTH=1% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=3% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=9% ALIGN=RIGHT></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Accounts payable</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">300</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Payable to shareholder</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>1,325</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL current liabilities</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">1,625</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>STOCKHOLDERS' EQUITY</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Common stock: $.001 par value; 50,000,000</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>shares authorized, 2,266,500 issued and</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>outstanding</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>2,266</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Paid-in capital</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">7,673</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Retained deficit accumulated in the development stage</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(5,871</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Total stockholders' deficit</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">4,068</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  5,693</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>


</TABLE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF LOSS FOR
THE PERIOD FROM<BR>JANUARY 1, 2003 TO JUNE
30, 2003 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="600" ALIGN="CENTER">
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>REVENUES
</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sales</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;125</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cost of Goods Sold</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>


<tr><TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gross Profit</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> &nbsp;</TD>
      <TD>&nbsp; </TD>
      <TD>&nbsp; </TD></TR>




<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPENSES</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>General and administrative</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;1,520</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<tr>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Franchise tax</FONT></TD><TD ALIGN="LEFT">
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;455</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>

<TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Loss from operations before taxes</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$(1,975</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>


<tr>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>

     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PROVISION FOR INCOME TAXES</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>

     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net loss</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$(1,925</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>


<TR VALIGN=Bottom>
<TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=2></TD></TR>

    <tr> <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>LOSS PER SHARE</FONT></TD>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;Basic and diluted</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;(0.00</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>


    <tr> <TD ALIGN=LEFT>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT>
</TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD></TR>

  <tr>
   <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WEIGHTED AVERAGE SHARES OUTSTANDING</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;Basic and diluted</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2,232,521</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD></TR>



<TR>
     <TD COLSPAN=4><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>RISK FACTORS</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The securities offered herein are
highly speculative and should be purchased only by persons who can afford to lose their
entire investment in CCTC. Each prospective investor should carefully consider the
following risk factors, as well as all other information set forth elsewhere in this
prospectus. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Management lacks operational
experience in the artworks and crafts retail industry. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is a start-up company that
markets and sells products that it imports and exports. Messrs. Sarfoh and High, the
current officers of CCTC, have effective control over all decisions regarding both policy
and operations of CCTC with no oversight from other management. Messrs. Sarfoh and High do
not have any experience in the area of starting-up and properly staffing a company,
operating an import and export business, or operating an Internet business. The success of
CCTC is contingent upon these individuals&#146; ability to make appropriate business
decisions in these areas. It is possible that this lack of relevant operational experience
could prevent CCTC from becoming a profitable business and an investor from obtaining a
return on his investment in CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Additional capital investment in CCTC
may not result in future profits. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is operating at a loss which may continue
in the future. It cannot be determined if an additional capital investment in CCTC will
permit CCTC to recognize a profit in the future. As of June 30, 2003, CCTC has sustained
operating losses of $5,871.00. The amount of this loss should not be indicative of future
losses sustainable by CCTC. As of June 30, 2003, CCTC had expended only a small amount of
office expenses and had not yet begun accruing any expenses with regard to the actual
anticipated operating costs. CCTC intends to utilize any funds raised through this
offering toward expenses necessary to market, procure the delivery of its products, and
operate its business. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Management may have underestimated
the size of the consumer market for their products, which may negatively impact future
sales and profits. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At the present time, CCTC has only
evaluated the marketability of its products, based upon the management&#146;s perception
of the potential value of African artworks and crafts in the marketplace. Once CCTC
obtains the necessary capitalization, it will immediately commence direct and targeted
marketing of its products, other than on its website at www.ghanacrafts.com and to 100
selected Historically Black Colleges and Universities (&#147;HBCU&#146;s&#148;).
CCTC&#146;s website has just been launched on the World Wide Web and it is too premature
to anticipate how the website will, if at all, aid CCTC in its marketing efforts. In the
event marketing efforts reveal that the product is not marketable, CCTC will not have a
potential source of income and it will be necessary for CCTC to seek another means of
obtaining income or the business will fail. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Consumers may not adopt the internet
as a way of buying African artworks and crafts, which would prevent us from becoming
profitable. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We may not be able to convert a large
number of consumers who purchase African artworks and crafts, both while visiting Africa,
and from traditional shopping methods, to online shopping for African artworks and crafts.
As a result CCTC may never achieve widespread customer acceptance of shopping for African
artworks and crafts online. Specifically, consumers may not wish to change the way they
purchase art and may feel it is necessary to view the actual works of arts and crafts
rather than pictures before purchasing them. In addition, consumers may not be willing to
make orders online due to the perceived difficulty of placing complex orders online or
pricing that does not meet customer expectations of finding competitive prices on the
Internet. As a result, we may never derive sufficient revenues from our online retail
operations division in order to become a profitable enterprise, which could have a
materially adverse impact on our business, results of operations and financial condition. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC may not be able to differentiate
its artworks and crafts from competitors which may adversely impact the company&#146;s
ability to recognize a profit. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC will be competing with importers
of artworks and crafts who sell similar products to the company&#146;s target population
and have already established a market for their products. An investor&#146;s ability to
realize a return on their purchase of shares will be dependent upon management&#146;s
ability to differentiate their artworks and crafts from competitive artworks and crafts
currently in the marketplace. CCTC will focus its marketing on the authentic designs of
its products and target the segments of the industry that will best appreciate this
design. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC does not have formalized
agreements with its suppliers which could result in increased acquisition costs. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC&#146;s agreement with Lizmof
Enterprise and Gye Nyame Handicraft Co. Producers and Exporters are oral in nature. No
formalized contract has been entered into thus exposing the company to market price
fluctuations which could result in increased product acquisition costs. CCTC expects to
formalize an agreement with the above named suppliers upon depletion of its current
inventory on hand or upon receiving a specialized customer order from its website. In
order to compete, CCTC will have to be assured that it can continually procure a quality
product at a competitive price. The lack of a written contract could expose CCTC to
increased prices per unit. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Our principal stockholder controls
the business affairs of CCTC and thus investors will have limited or no participation in
our business affairs. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Currently, our principal stockholder
and President, Kwajo Sarfoh, owns approximately 79.4% of our common stock. As a result, he
will have significant influence over all matters requiring approval by our stockholders
without the approval of minority stockholders. In addition, he will be able to elect all
of the members of our Board of Directors, which will allow him to significantly control
our affairs and management. He will also be able to affect most corporate matters
requiring stockholder approval by written consent, without the need for a duly noticed and
duly-held meeting of stockholders. Accordingly, you will be limited in your ability to
affect change in how we conduct our business. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>In the event the offering is not
fully subscribed, CCTC may not have sufficient capital to procure its products, which
could cause investors to lose all or a part of their investment in us. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC must receive 100% of the maximum
proceeds of this offering in order to properly bring the products to market. If CCTC
receives less than 100%, CCTC will be able to operate, however, it will be necessary to
seek additional sources of financing. If CCTC does not raise at least 50% of the maximum
proceeds, it will not be able to operate. In this event, CCTC will seek additional
financing, however, the financing to be sought may not be forthcoming and even if
additional financing becomes available, it may not be available on terms that are
favorable to CCTC. In the event that it cannot sell all of the shares being offered or
obtain adequate financing, CCTC will concentrate its efforts on the purchase of debt.
However, it may become necessary for CCTC to sell additional stock in one or more private
placements or subsequent public offerings. If CCTC cannot obtain at least $25,000 in
financing, it will have to cease operations and the investor&#146;s investment will be
lost. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC may not recognize an operating
profit in the future unless it can employ experienced management to operate the business
on a full-time basis. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is currently dependent upon the
efforts of Messrs. Sarfoh and High. Specifically, the company&#146;s performance is
substantially dependent on the performance of Mr. Sarfoh, its president. The loss of the
services of Mr. Sarfoh could have a materially adverse impact on our business, results of
operations or financial condition. In addition, the absence of Mr. Sarfoh will force us to
seek a replacement who may have less experience, limited direct access to the markets and
artisans in Ghana or who may not understand our business as well, or we may not be able to
find a suitable replacement. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>A conflict of interest may arise
regarding the amount of time that CCTCs current officers can devote to CCTC business
activities. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC&#146;s officers are only engaged
in the business activities of CCTC on a part-time basis. This could cause the officers a
conflict of interest between the amount of time they devote to CCTC&#146;s business
activities and the amount of time required to be devoted to such other activities. Messrs.
Sarfoh and High, CCTC&#146;s current officers, are engaged in the practice of public
accountancy on a full-time basis. They devote 20 hours per week to CCTC&#146;s business
activities. This amount of time historically has been sufficient to satisfy the business
needs of CCTC. Subsequently to this offering, CCTC will increase its business activities
in terms of marketing, product procurement, sales, and administration. This increase in
business activities will require that CCTC&#146;s officers engage in the business
activities of CCTC on a full-time basis, thereby causing Messrs. Sarfoh and High a
conflict of interest. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC has not entered into binding
employment contracts with Messrs. Sarfoh and High requiring them to devote sufficient time
to CCTC business activities, thereby potentially inhibiting CCTCs ability to grow its
business. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In the event that there is a conflict
of interest and Messrs. Sarfoh and High are not willing to devote more time to CCTC&#146;s
business activities, they may either employ full-time employees who have the experience
and expertise necessary to bring the artworks and crafts to market, resign after finding
suitable successors or cease operations, causing investors to lose their investment in us.
While it is expected that other management will be added over time, there are no
assurances that such will occur. If management does not devote adequate time or find
experienced employees, investors will lose their investment in us. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC does not expect to pay cash
dividends, which may lower expected returns for investors.</I> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>When making an investment in CCTC, an
investor should not expect to receive cash dividends from CCTC. An investor must evaluate
the potential for his return on his investment, based upon the investor&#146;s future
ability to sell the shares purchased through this offering for a greater amount in the
future. The holders of CCTC common stock are entitled to receive dividends when and if
declared by the Board of Directors. CCTC does not intend to pay cash dividends in the
foreseeable future, but instead intends to retain any and all earnings to finance the
growth of the business. To date, CCTC has not paid cash dividends on its common stock. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>There is not an established market
for shares of CCTC common stock, which could make markets for these shares highly
illiquid. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Investors may not be able to sell
shares acquired in this offering because CCTC common stock is not currently publicly
traded. It is unlikely that any active public trading market can be established or
sustained in the foreseeable future. CCTC intends to have its common stock quoted on the
OTC electronic bulletin board as soon as practicable, however, there can be no assurance
that CCTC shares will be quoted on the over the counter bulletin board. Until there is an
established trading market, holders of CCTC common stock will find it difficult to sell or
to obtain accurate quotations for the price of the common stock. CCTC does not currently
meet the requirement to have shares listed on the American Stock Exchange
(&#147;AMEX&#148;) or the NASDAQ stock market, therefore, any market for securities that
does develop will be highly illiquid. It is unknown whether CCTC common shares will
achieve sufficient distribution or that it will be able to obtain the number of market
makers necessary to obtain listing on the NASDAQ stock market in the foreseeable future. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>CCTC shares are considered penny
stock, which may impact an investors ability to re-sell their shares in the public market. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Federal law imposes additional
disclosure requirements for this stock, which may have a materially adverse impact on the
investors&#146; ability to resell their shares in the public market. CCTC&#146;s common
stock is currently considered a &#147;Penny Stock,&#148; &#147;as defined under Rule
3a51-1 promulgated under the Securities Exchange Act of 1934, under federal securities
laws since its market price is below $5.00 per share. Federal rules and regulations under
the Securities Exchange Act of 1934, generally impose additional sale practice and
disclosure requirements on broker/dealers who sell or recommend CCTC&#146;s shares to
certain investors. Broker/dealers who sell Penny Stock to certain types of investors may
be required to comply with the Securities and Exchange Commission&#146;s regulations
concerning the transfer of Penny Stock. If an exemption is not available, these
regulations require broker/dealers to make a suitability determination prior to selling
Penny Stock to the purchaser, receive the purchaser&#146;s written consent to the
transaction, and provide certain written disclosures to the purchaser. These rules may
affect the ability of broker/dealers to make a market in or to trade CCTC shares. In turn,
this may impact the investors&#146; ability to re-sell those shares in the public market. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>This offering makes no provisions for
a refund to investors. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Even though CCTC&#146;s business plan is
based upon the complete subscription of the additional shares offered through this
offering, the offering makes no provisions for a refund to an investor. CCTC will utilize
all amounts received from newly issued stock purchased through this offering even if the
amount obtained through this offering is not sufficient to enable CCTC to go forward with
its planned operations. Any funds received from the sale of newly issued stock will be
placed into CCTC&#146;s corporate bank account. The management of CCTC does not intend to
escrow any funds received through this offering. Once funds are received as the result of
a completed sale of common stock being issued by CCTC, those funds will be placed into the
Corporate bank account and may be used at the discretion of management. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Our auditor has expressed substantial
doubt about the continuing operation of our business. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The capital placed into CCTC through
this offering may not be sufficient to permit CCTC to continue operations as an ongoing
business. An investor should be aware that his investment will be lost if the Company
cannot continue to operate. The projected need for additional capital in our business may
not be sufficient to sustain CCTC&#146;s operation over the next 12 months. Therefore,
even if all of the shares offered pursuant to this offering are purchased, the
investors&#146; investment may be of little or no value should future events not occur as
projected. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Uncertainty exists as to whether our
business will have sufficient funds to fulfill our business plans over the next 12 months
thereby making an investment in CCTC speculative. </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We may require additional financing
to procure the artworks and crafts and operate the business until sufficient revenue can
be generated for us to be self-sustaining. Our management projects, in order to go forward
as an operating entity and properly bring its products to market, that it will spend
approximately $50,000.00 over the next 12 months to cover costs involved in the marketing
and distribution of our products and the cost of advertising. In the event that we are
unable to generate sufficient revenues and before all of the funds now held by us and
obtained by us through this offering are expended, the business will fail and the
investment made in CCTC will become worthless. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FORWARD LOOKING STATEMENTS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The statements, other than statements
of historical fact, included in this prospectus are forward-looking statements.
Forward-looking statements generally can be identified by forward-looking terminology such
as &#147;may,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;estimate,&#148;
&#147;anticipate,&#148; &#147;plan,&#148; &#147;seek,&#148; or &#147;believe.&#148; CCTC
believes that the expectations reflected in such forward-looking statements are accurate.
However, CCTC cannot assure that such expectations will occur. The factual future
performance could differ materially from such statements. Factors that could cause or
contribute to such differences include, but are not limited to: CCTC&#146;s ability to
continue to operate CCTC through equity and debt financing, larger competitors&#146;
response to the entry of the artworks and crafts into the marketplace, adverse public
response and lack of demand for the artworks and crafts, or the adverse impact on the
sales of the artworks and crafts by virtue of outside suppliers being unable to either
manufacture the product or manufacture and deliver the product to meet demand. </FONT></P>


<A NAME="UseOfProceeds"> </a>
<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>USE OF PROCEEDS</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This offering has no minimum offering
amount. The maximum amount sought to be raised for CCTC from this offering is $50,000.00
(the remaining $13,300.00 in this offering is shares sold by selling shareholders). CCTC
intends to raise $50,000.00 from the sale of 250,000 shares at $0.20 per share. CCTC
intends to use these proceeds in the following descending order of priority, based upon
the percentage of the offering that is actually sold: </FONT></P>






<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXPENDITURE ITEM</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>100%</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;75%</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;50%</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;25%</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;10%</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD COLSPAN=18><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gross Aggregate Proceeds</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 50,000</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 37,500</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 25,000</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 12,500</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,000</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Offering Expenses</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,841</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,841</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,841</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,841</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  5,841</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net Offering Proceed</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 44,159</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 31,659</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 19,160</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  6,659</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   (841</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>*Marketing (50%)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 22,080</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 15,830</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  9,580</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  3,330</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   --</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>*Initial Product Cost (45%)</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 19,872</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 14,247</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  8,622</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  2,997</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   --</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>*Selling &amp; administrative(5%)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  2,207</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  1,582</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    958</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    333</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   --</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>





<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* The percentages are based upon the
Net Offering Proceeds received. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The above listing indicates the
reduction in the expenditures based upon the percentage of the offering actually sold. In
all instances, the net proceeds from the sale of common stock, as received, will first be
allocated towards marketing until the dollar amount for marketing is received. Thereafter,
funds, as received, will be allocated 45% and 5% to initial product cost and selling &amp;
administrative, respectively. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC has no commitment or intent to
use any proceeds from this offering to satisfy current liabilities or salaries to
management or control persons, but will instead pay its current liabilities from revenues
from operations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The above categories reflect the
following expenditures: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MARKETING COSTS: The Board of
Directors of CCTC has placed a high priority on the allocation of the proceeds from the
sale of shares to marketing costs. Marketing costs are the costs that will be incurred in
advertising the artworks and crafts in publications and in the bookstores of certain
selected 100 Historically Black Colleges and Universities (&#147;HBCU&#148;), costs
involved with production of brochures of the Company&#146;s products, and the cost of
establishing, upgrading, and maintaining a commercially viable Internet website. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INITIAL PRODUCT COSTS: The initial
product costs outlined in the Use of Proceeds is an estimate of the cost for the initial
artworks and crafts to be purchased from Lizmof Enterprise and Gye Nyame Handicraft Co.
Producers and Exporters, and associated delivery expenses of the inventory to the
company&#146;s New York office in the United States. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SELLING AND ADMINISTRATIVE EXPENSES:
This is the cost associated with the operation of the business. This category includes the
cost of telephone charges, the monthly storage fee to store the products imported from
Ghana, supplies, and other administrative expenses. Currently, CCTC does not incur a
storage fee for its inventory as these products reside at company&#146;s office in New
York. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Board of Directors of CCTC
maintains that it will be necessary for CCTC to receive at least 50 percent of the maximum
sought to be raised through this offering, in order for CCTC to go forward from its
developmental stages to a fully operating company. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="determination"> </A>
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DETERMINATION OF OFFERING
PRICE</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>There is no established public market
for the common shares of CCTC. The offering prices for the shares to be sold pursuant to
this offering has been set at a fixed price of $.20 per share for the duration of this
offering. The offering price is higher than the price of CCTC&#146;s common stock when it
was sold to the existing shareholders through a private placement. The initial offering
price for the shares, which were purchased by Mr. Kwajo M. Sarfoh in the registrant&#146;s
initial offering, was $.00115 per share. The selling shareholders have purchased their
shares in CCTC for $.10 per share. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>With respect to the common shares
being offered for sale by the selling shareholders, the offering price will be a fixed
price of $.20 per share for the duration of the offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The management of CCTC has set the
offering price for the new shares to be issued as part of this offering largely based upon
the cash needs of the Company to go forward. The additional factors considered when
determining the sales price of the new shares in this offering are the lack of liquidity
in the shares (since there is presently no public market for the resale of these shares),
and the high level of risk considering the lack of operating history of CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="dilution"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DILUTION</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The common stock to be sold by the
selling shareholders is common stock that is currently issued and outstanding.
Accordingly, there will be no dilution to CCTC&#146;s existing shareholders. However, the
250,000 shares of common stock which is to be sold by CCTC as part of this offering, will
create an immediate dilution to the purchasers of those shares. The initial common shares
sold by CCTC were sold to Mr. Kwajo M. Sarfoh in a private offering for a value of $.00115
per share. On September 15, 2002, the Board of Directors authorized the issuance of
200,000 shares of common stock at $.001 par value to Trae High for consulting services
provided to the Company amounting to $200.00. Additionally, on March 15, 2003, the Board
of Directors authorized the issuance of 200,000 shares of common stock at $.001 par value
to David Loev in consideration for $200.00. Mr. Loev, along with Mr. Sarfoh and Mr. High,
is a founder of CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In the first 11 months of operation
of, CCTC has experienced accumulative operating loss of approximately $ 5,871.00. This
amount does not reflect expenditures which have been made by CCTC since its last
statement, nor does it reflect any accrued liabilities of CCTC which may have occurred
since the last statement. In the event all new common shares included in this offering are
sold, the dilution experienced by the purchasers of these shares will be substantial. The
effect of the dilution based on the June 30, 2003 financial statements is described as
follows: </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH COLSPAN=3 align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prior to<BR>
Offering</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Upon Completion<BR>
of Offering</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net tangible book value per share</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>--</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>    0</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.02</FONT></TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount of the increase in the above
described net tangible book value per share attributable to the cash payments made by the
purchasers of the shares being offered is $0.00 per share. The amount of immediate
dilution from the public offering price which will be absorbed by the purchasers of these
common shares will be $0.18 per share. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In the event that only a nominal
amount of new common shares included in this offering are sold, such as 20% of the
offering, the dilution upon the investors shares is described as follows: </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TH>
     <TH COLSPAN=3 align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Prior to<BR>
Offering</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Upon Completion<BR>
of Offering</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net tangible book value per share</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>--</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  --</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount of the increase in the above
described net tangible book value per share attributable to the cash payments made by the
purchasers of the shares being offered is $ $0 per share. The amount of immediate dilution
from the public offering price which will be absorbed by the purchasers of these common
shares will be $0.20 per share. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="secholders"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SELLING SECURITY HOLDERS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We granted to the selling
stockholders registration rights to enable them to sell the 66,500 shares of common stock.
The selling shareholders named herein are offering 66,500 of the 316,500 shares of common
shares offered through this prospectus. None of the selling shareholders are
broker-dealers or affiliates of broker-dealers. The shares include the following: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.&nbsp;&nbsp;&nbsp;&nbsp;
          From January 2003 to March 2003, the Registrant sold 66,500 shares of its common
          stock at $.10 per share for a total of $6,650.00. The selling shareholders
          acquired these shares from CCTC in an offering that was exempt from registration
          under Regulation D Rule 506 of the Securities Act of 1933. The shares were sold
          to 18 non-accredited investors who had access to all material information
          pertaining to the Registrant. The issuances of securities described above were
          deemed to be exempt from registration under the Securities Act in reliance on
          Section 4(2) of the Securities Act as transactions by an issuer not involving a
          public offering. The Company made the determination that each investor had
          enough knowledge and experience in finance and business matters to evaluate the
          risks and merits of the investment. There was no general solicitation or general
          advertising used to market the securities. Also, the non-accredited investors
          were given a private placement memorandum containing the kind of information
          normally provided in a prospectus. All purchasers represented in writing that
          they acquired the securities for their own accounts. A legend was placed on the
          stock certificates indicating that the securities have not been registered under
          the Securities Act and cannot be sold or otherwise transferred without an
          effective registration or an exemption therefrom. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following table provides, as of
March 31, 2002, the information regarding the beneficial ownership of the common shares
held by each of the selling shareholders including: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT></P>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=90%>
<TR VALIGN=Bottom>
     <TD WIDTH=1% ALIGN=LEFT>1.</TD>
     <TD WIDTH=3% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=94% ALIGN=LEFT>The number of shares owned by each prior to this offering</TD>
     <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>2.</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>The total number of shares that are now being offered for each</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>3.</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>The total number of shares that will be owned by each upon the completion of this offering</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>4.</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>The percentage owned by each</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>5.</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=LEFT>The identity of the beneficial holder of any entity that owns the shares</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>



<p><br><br><br></p>


<TABLE ALIGN="LEFT" CELLPADDING="0" CELLSPACING="0" WIDTH="600">
<TR VALIGN=Bottom>
     <TH ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NAME AND ADDRESS OF<BR>
SELLING SHAREHOLDER</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SHARES OWNED<BR>
PRIOR TO THIS<BR>
OFFERING</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>TOTAL NUMBER OF<BR>
SHARES BEING<BR>
OFFERED FOR<BR>
SELLING<BR>
SHAREHOLDERS<BR>
ACCOUNT</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>%AGE OF TOTAL<BR>
SHARES OWNED<BR>
UPON<BR>
COMPLETION OF<BR>
THIS OFFERING</FONT><HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kwajo M. Sarfoh</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1,800,000&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>71.95</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>301 West 53, 6C</FONT></TD></TR>

    <tr> <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>New York, New York 10019</FONT></TD></TR>
<TR VALIGN=Bottom>

      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>

     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Trae O. High</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>200,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7.95</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>505 West 54 Street, 313</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>New York, NY 10019</FONT></TD></TR>
<TR VALIGN=Bottom>

      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>David L. Loev</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>200,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>7.95</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1510 Crescent Oak Drive</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Missouri City, TX 77459</FONT></TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gabe Kuo</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>164 Eldridge Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2nd Floor</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NY, NY 10002</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>George Lee</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>138 Baxter Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2nd floor</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NY, NY 10013</FONT></TD></TR>




<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sheri Lewis</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1 Tiffany Place</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Apt 1B</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NY, NY 11232</FONT></TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rick Paz</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>860A West Ferry</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Buffalo, NY 14209</FONT></TD></TR>




<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yvonne Sarfoh</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1440 Newton Patent Court</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Centreville, VA 20120</FONT></TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Alyson Thompson</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>35 Fairfield Drive</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Oak Hills, NY 11412</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jason Wolf</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20 Overlook Road</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Caldwell, NJ 07006</FONT></TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>

<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kevin Cadette</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>58 Meadow Road</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Edison, N.J. 08817</FONT></TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>

     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rania Margonis</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>945 North Barton Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Apt. #301</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Arlington VA, 22201</FONT></TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>

<TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Locksley Rhodin</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>945 North Barton Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Apt. #301</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Arlington VA, 22201</FONT></TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chis Davis</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>44 Little Brook</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pittsford, N.Y. 14534</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dan Lanka</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5,000&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>19500 US 281 North</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Apt. 1322</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>San Antonio, TX 78258</FONT></TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sandy Choi</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>39a Gramercy Park North</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Apt #1a</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NY, NY 10010</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Steve Warner</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>185 Washington Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Saratoga Springs, NY 12866</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jim Green</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>185 Washington Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Saratoga Springs, NY 12866</FONT></TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Hong Nan Young</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3225 Turtle Blvd #1037</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dallas, TX 75219</FONT></TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Eli Hinckley</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3,500&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>0.00</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2414 N. Powhatan Street</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Arlington, VA 22207</FONT></TD></TR>
</TABLE>

<p><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR></p>











<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NOTE: Except as otherwise noted in
the above table, the named shareholder beneficially owns (either individually or jointly
as noted above), and has sole voting and investment power over all shares or rights to
these shares. The numbers in this table assume that none of the selling shareholders sell
shares of common stock which are not being offered in this prospectus or purchases
additional shares of common stock being offered by CCTC. The percentages are based upon
2,516,500 shares of common stock, which would be outstanding upon the successful
completion of this offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NOTE: None of the selling
shareholders or their beneficial owners has had a material relationship with CCTC other
than that of shareholder, or has ever been an officer or director of CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="planofdis"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>PLAN OF DISTRIBUTION</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The selling shareholders will sell
their common shares at the fixed price of $.20 per share for the duration of the offering.
Thereafter, shares will be sold at the prevailing market prices or at privately negotiated
prices in compliance with the Securities and Exchange Commission&#146;s Rule 144. These
shareholders may be underwriters as defined by the Securities Act. Shares held by
shareholders that are not registered and sold pursuant to this registration statement will
be sold pursuant to Rule 144. The selling shareholders may sell some or all of their
common stock in one or more transactions, including block transactions: </FONT></P>



<TABLE align=left CELLPADDING="0" CELLSPACING="0" WIDTH="600">
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT" WIDTH="50"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On such public markets or exchanges as the common stock may from time to time be trading;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In privately negotiated transactions;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Through the writing of options on the common stock;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In short sales;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In any combination of these methods of distribution.</FONT></TD></TR>
</TABLE>

<P><BR><BR><BR><BR><BR></p>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This sales price to the public will
be fixed at $.20 per share for the duration of the offering, and thereafter may be: </FONT></P>



<TABLE align=left CELLPADDING="0" CELLSPACING="0" WIDTH="600">
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT" WIDTH="50"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The market price prevailing at the time of sale;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A price related to such prevailing market price; or</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Such other price as the selling shareholders determine from time to time.</FONT></TD></TR>
</TABLE>


<P><BR><BR><BR><BR></p>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The shares may also be sold in
compliance with the Securities and Exchange Commission&#146;s Rule 144. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The selling shareholders may also
sell their shares directly to market makers acting as principals, brokers or dealers, who
may act as agent or acquire the common stock as a principal although no such market makers
have been established at this time. Any broker or dealer participating in such
transactions as agent, may receive a commission from the selling shareholders, or, if they
act as an agent for the purchaser of such common stock from such purchaser. The selling
shareholders may pay the usual and customary brokerage fees for such services. Brokers or
dealers may agree with the selling shareholders to sell a specified number of shares at a
stipulated price per share and, to the extent such broker or dealer is unable to do so
acting as agent for the selling shareholder, to purchase, as principal, any unsold shares
at the price required to fulfill their respective brokers&#146; or dealers&#146;
commitment to the selling shareholders. Brokers or dealers who acquire shares as
principals may thereafter re-sell such shares from time to time, in transactions in a
market or on an exchange, in negotiated transactions or otherwise, at market prices
prevailing at the time of sale, or at negotiated prices, and in connection with such
re-sales may pay or receive commissions to or from the purchasers of such shares. These
transactions may involve cross and block transactions that may involve sales to and
through other brokers or dealers. The selling shareholders may distribute shares to one or
more of their partners who are unaffiliated with CCTC. CCTC provides no assurance that all
or any of the common shares offered will be sold by the selling shareholders. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is bearing all costs related to
the registration of its common shares and selling shareholders. The cost being borne by
CCTC on behalf of selling shareholders is estimated at $1,000. The selling shareholders,
however, will pay any commissions or other fees payable to brokers or dealers in
connection with any sale of their common stock. The selling shareholders must comply with
the requirements of the Securities Act and the Securities Exchange Act in the offer and
sale of the common stock. In particular, during such times as the selling shareholders may
deem to be engaged in a distribution of the common stock, and therefore be considered to
be an underwriter, they must comply with applicable law and may, among other things: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 4-TNR" FSL="Project" -->
          <TABLE ALIGN=LEFT WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Not engage in any stabilization activities in connection with CCTC&#146;s common
               stock; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 4-TNR" FSL="Project" -->
          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Furnish each broker or dealer through which common stock may be offered, such
               copies of this prospectus, as amended from time to time as may be required by
               such broker or dealer; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 4-TNR" FSL="Project" -->
          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3. </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Not bid for or purchase any of CCTC&#146;s securities or attempt to induce any
               person to purchase any of CCTC&#146;s securities other than as permitted under
               the Securities Exchange Act. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any broker or dealer participating in
such transactions as agent, may receive a commission from selling shareholders in an
amount not to exceed 10% of the purchase price. Further, such agents will be governed by
the rules and regulations established under the Securities Act of 1933 and the Securities
Exchange Act of 1934. The registrant will file a post-effective amendment to this
registration, in the event a market maker or underwriter of the securities offered herein
is established or identified. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>With respect to the shares of common
stock to be offered by CCTC, CCTC at the present time has no agreement with any
underwriter for any type of underwriting of the shares to be offered by CCTC. Instead, Mr.
Sarfoh, a founder and controlling person of CCTC, may, but will not be required to sell
shares directly to investors or to market makers acting as principals, brokers or dealers,
who may act as agent or acquire the common stock as a principal. Mr. Sarfoh is not
registered as a broker or dealer under the Exchange Act of 1934. Instead, he will derive
the authority to sell CCTC&#146;s shares to the public under the exemption contained in
Rule 3a4-1 of the Exchange Act. Mr. Sarfoh qualifies under this exemption because, as an
officer and director of CCTC, he is defined as an associated person of the issuer. As an
associated person of the issuer, he will not be deemed to be a broker solely by reason of
his participation in the sale of the common shares for CCTC since he meets all the
requirements contained in the rule. These requirements are (1) he is not subject to any
statutory disqualification; (2) he will not be compensated in connection with their
participation either through the payment of commissions or any other remuneration based
directly on the sale of the common shares; (3) he is not associated persons of a broker or
a dealer; and (4) he has intended primarily to perform at the end of the offering,
substantial duties for CCTC; he has not been a broker or dealer or an associated person of
a broker or dealer within the past 12 months and will not participate in the selling of an
offering of securities for any issuer more than once every 12 months (aside from certain
other exceptions that are not pertinent to the sale of the common shares). Mr. High does
qualify for the Rule 3a41 exemption, but will not participate in the offering. Mr. Loev
does not qualify for the exemption and will also not participate in the offering. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We will file, during any period
during which we are required to do so under our registration rights agreement with the
selling stockholders, one or more post-effective amendments to the registration statement
of which this prospectus is a part to describe any material information with respect to
the plan of distribution not previously disclosed in this prospectus or any material
change to such information in this prospectus. This obligation may include, to the extent
required under the Securities Act, that a supplemental prospectus be filed, disclosing:
the name of any broker-dealers; the number of common shares involved; the price at which
the common shares are to be sold; the commissions paid or discounts or concessions allowed
to broker-dealers, where applicable; that broker-dealers did not conduct any investigation
to verify the information set out or incorporated by reference in this prospectus, as
supplemented; and any other facts material to the transaction. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="legalpro"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>LEGAL PROCEEDINGS</B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is not currently a party to any
legal proceedings. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="directors"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DIRECTORS, EXECUTIVE
OFFICERS, PROMOTERS AND CONTROL PERSONS</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The directors and executive officers
currently serving the Company are as follows: </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH>Name<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>Age<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>Position(s) Held<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=29% ALIGN=LEFT>Kwajo M. Sarfoh</TD>
     <TD WIDTH=17% ALIGN=center>31&nbsp;</TD>
     <TD WIDTH=63% ALIGN=center>President, Director, and Treasurer</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Trae O. High</TD>
     <TD ALIGN=center>32&nbsp;</TD>
     <TD ALIGN=center>Vice President, Director, and Secretary</TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kwajo M. Sarfoh has served as our
president, director and treasurer since our incorporation in August 2002. Mr. Sarfoh is a
native citizen of Ghana, Africa and maintains established relationships within Ghana. Mr.
Sarfoh has lived in the United States for over 27 years and currently resides in New York
City. The diverse culture and artistic nature found within the United States leads Mr.
Sarfoh to believe that an active market exists for the Company&#146;s products. From
September 2000 January 2001, Mr. Sarfoh was employed at Flott &amp; Co. as a law associate
specializing in international tax. Beginning August 2001, Mr. Sarfoh has worked as an
federal tax consultant at Deloitte &amp; Touche LLP. Mr. Sarfoh received a bachelor degree
in economics from the State University of New York at Albany, a law degree from Boston
University Law School, a masters in business administration from Boston University School
of Management, and a masters of law in taxation from Georgetown University Law Center. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Trae O. High has served as an
officer, director and secretary of the Company since its incorporation. From May 1998 to
August 2000, Mr. High was employed with Excel Communications, Inc. as a tax research
specialist. Beginning July 2001, Mr. High has worked as an international tax consultant at
Deloitte &amp; Touche LLP. Mr. High received his bachelor degree in business
administration from the University of Texas at Austin, a master of science in accounting
from University of Texas at Dallas, a law degree from Southern Methodist University, and a
masters of law in taxation from Georgetown University Law Center in June 2001. </FONT></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Neither Mr. Sarfoh, Mr. High nor Mr. Loev has been involved in any of the legal proceedings described in 401(d) of Regulation S-B
during the past five years.</FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>TERM OF OFFICE: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Directors of CCTC are appointed
for a period of one year or until such time as their replacements have been elected by the
Shareholders. The Officers of the Corporation are appointed by the Board of Directors and
hold office until they are removed by the Board. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNIFICANT INDEPENDENT
CONTRACTORS: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC at this time has no full-time
employees. The Officers of the Corporation are Mr. Kwajo M. Sarfoh and Trae O. High. It is
anticipated that both Mr. Sarfoh and Mr. High will devote approximately 20-25 hours per
week in the furtherance of the business. At such time as CCTC receives additional funding
and operations deem it to be necessary, it will hire qualified employees to operate CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="secownership"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following table provides the
names and addresses of each person known to own directly or beneficially more than a 5% of
the outstanding common stock (as determined in accordance with Rule 13d-3 under the
Exchange Act) as of October 20, 2003 and by the officers and directors, individually and
as a group. Except as otherwise indicated, all shares are owned directly. </FONT></P>



<TABLE align=left CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH align=left>Name and<BR>
Address<BR>
Number of<BR>
Shares Owned<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>Number of<BR>
Shares Owned<BR>
Beneficially<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>Before<BR>
Offering<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>After CCTC<BR>
Offering(4)<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=25% ALIGN=LEFT>Kwajo M. Sarfoh(1)</TD>
     <TD WIDTH=25% ALIGN=center>1,800,000&nbsp;</TD>
     <TD WIDTH=17% ALIGN=center>79.4%</TD>
     <TD WIDTH=12% ALIGN=center>71.5%</TD></TR>



<TR>
      <TD> &nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Trae O. High(2)</TD>
     <TD ALIGN=center>200,000&nbsp;</TD>
     <TD ALIGN=center>8.8%</TD>
     <TD ALIGN=center>7.95%</TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>David L. Loev(3)</TD>
     <TD ALIGN=center>200,000&nbsp;</TD>
     <TD ALIGN=center>8.8%</TD>
     <TD ALIGN=center>7.95%</TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>




<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>All officers</TD>
     <TD ALIGN=center>2,000,000&nbsp;</TD>
     <TD ALIGN=center>88.2%</TD>
     <TD ALIGN=center>79.5%</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>and directors</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>as a group(4)</TD></TR>
</TABLE>


<p><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)Address is 301 West 53rd Street, 6C, New York, NY 10019.<BR>
        (2) Address is 505 West
          54th Street, 313, New York, NY 10019.<BR>(3) Address is 1510 Crescent Oak Drive,
          Missouri City, Texas 77459.<BR>(4) Assumes the sale of 250,000 Shares offered
          hereby. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The percent of class is based on
2,266,500 shares of common stock issued and outstanding as of March 31, 2003, par value
$.001 per share. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="descripofsec"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DESCRIPTION OF SECURITIES</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC&#146;s authorized capital stock
consists of 50,000,000 shares of common stock at a par value of $.001. On September 15,
2002, the Board of Directors, upon motion duly made, seconded and unanimously adopted, by
amendment, the original Articles of Incorporation to approve the cancellation of the
initial 500,000 shares of common stock issued at $.10 par value, to be replaced by the
authorization of 5,000,000 shares of common stock at $.001 par value. The Certificate of
Amendment to the Certificate of Incorporation of CCTC was filed and effective on September
30, 2002. On October 25, 2002, the Board of Directors, upon motion duly made, seconded and
unanimously adopted, by amendment, the September 30, 2002, Certificate of Amendment to the
Certificate of Incorporation of CCTC, to approve the cancellation of the 5,000,000 shares
of common stock issued at $.001 par value, to be replaced by the authorization of
50,000,000 shares of common stock at $.001 par value. The Certificate of Amendment to the
Certificate of Incorporation of CCTC was filed and effective on November 6, 2002.
Accordingly, CCTC&#146;s authorized capital stock consists of 50,000,000 shares of common
stock at a par value of $.001. At the present time CCTC has 2,266,500 shares of common
stock outstanding, which is held by 20 stockholders of record. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Holders of common stock are entitled
to one vote for each share on all matters submitted to a stockholder for vote. Holders of
common stock do not have cumulative voting rights. Therefore, holders of a majority of the
shares of common stock voting for the election of a Director can elect all of the
Directors. The holders of a majority of the common stock issued and outstanding and
entitled to vote thereat, present in person or represented by a proxy, shall constitute a
quorum at all meetings of the stockholders for the transaction of business. A vote by a
holder of the majority of outstanding shares is required to effectuate certain fundamental
corporate changes such as liquidation, merger, or an amendment to the Articles of
Incorporation. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Holders of common stock are entitled
to share in all dividends that the Board of Directors, in its discretion, declares from
legally available funds. In the event of liquidation, dissolution, or winding up, each
outstanding share entitles its holder to participate pro rata in all assets that remain
after payment of liabilities and after providing for each class of stock, if any, having
preference over the common stock. No such stock at this time exists. Holders of our common
stock have no preemptive rights, no conversion rights and no redemption provisions
applicable to the common stock. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DIVIDEND POLICY </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>There are no restrictions in
CCTC&#146;s Articles of Incorporation or Bylaws that prevent it from declaring dividends.
We have not in the past paid any dividends and anticipate that we will retain any future
earnings for use in the expansion and operation of our business. We do not anticipate
paying any cash dividends in the foreseeable future. Any determination to pay dividends
will depend upon our financial condition, results of operations and capital requirements. </FONT></P>

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<A NAME="namedexperts"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>INTEREST OF NAMED EXPERTS
AND COUNSEL </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No expert or counsel named in this
prospectus that has prepared or certified any part of this prospectus or has given an
opinion on the validity of the securities being registered or upon the legal matters in
connection with the registration or offering of the common stock was employed on a
contingency basis. Further, no expert or counsel has or is to receive in connection with
this offering, a substantial interest, direct or indirect, in CCTC Holdings, Inc. No
expert or counsel named in this prospectus has been connected with CCTC as a promoter,
managing or principal underwriter, voting trustee, director, officer or employee. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Jason L. Karavias, our independent
legal counsel, has provided an opinion on the validity of CCTC&#146;s common stock. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The financial statements included in
this prospectus and in the registration statement have been audited by Thomas Leger &amp;
Co. L.L.P., Certified Public Accountants, Inc., to the extent and for the period set forth
in their report appearing elsewhere herein and in the registration statement, and are
included in reliance upon such report given upon the authority of said firm as experts in
auditing and accounting. </FONT></P>

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<A NAME="indemnification"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>INDEMNIFICATION</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Our By-Laws provide for the
indemnification of directors, officers, employees and agents of the Company to the fullest
extent provided by the Business Corporation Law of the State of New York. These sections
generally provide that the Company may indemnify any person who was or is a party to any
threatened, pending or completed action, suit or proceeding whether civil, criminal,
administrative or investigative except for an action by or in right of the corporation by
reason of the fact that he or she is or was a director, officer, employee or agent of the
corporation. Generally, no indemnification may be made where the person has been
determined to be negligent or guilty of misconduct in the performance of his or her duties
to the Company. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At present, there is no pending
litigation or proceeding involving a director, officer, employee or agent of the
Corporation where indemnification will be required or permitted. We are not aware of any
threatened litigation or proceeding that may result in a claim for indemnification by any
director or officer. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC&#146;s By-Laws provide that it
will indemnify its Directors and Officers, and hold them harmless to the fullest extent
legally permissible under the Business Corporation Law of the State of New York. These
rights of indemnification shall not be exclusive of any other right which any Officer or
Director may have or may thereafter acquire under any by-law, agreement, vote of
stockholders, provision of law or otherwise. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The By-Laws require CCTC to pay all
expenses, liability and losses (including attorney fees, judgments, fines and amounts paid
or to be paid in the settlement of a matter), which are reasonably incurred or suffered by
the Officer or Director. Any expenses of the Officer or Director incurred in defending a
civil or criminal action, suit or proceeding must be paid by the Company as they are
incurred in an advance of the final determination of the action, suit or proceeding upon
receipt of an undertaking by or on behalf of the Director or Officer to repay the amount
if it is ultimately determined by a court of competent jurisdiction that he or she is not
entitled to be indemnified by the Corporation. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Insofar as indemnification for
liabilities arising under the Securities Act of 1933 (the &#147;Act&#148;) may be
permitted to directors, officers and controlling persons of the small business issuer
pursuant to the foregoing provisions, or otherwise, the small business issuer has been
advised that in the opinion of the Securities and Exchange Commission such indemnification
is against public policy as expressed in the Act and is, therefore, unenforceable. </FONT></P>

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<A NAME="descripofbusine"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DESCRIPTION OF BUSINESS</B> </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>History </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC was incorporated on August 16,
2002 under the laws of the State of New York. In December of 2002, it acquired $500.00 of
inventory through personal funds loaned from Kwajo M. Sarfoh. It is the intention of CCTC
to sell this inventory. CCTC has no plans to seek a business combination with any other
entity, or to act as a blank check company, as that term is defined in Rule 419 of
Regulation C under the rules of the Securities Act of 1933. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC&#146;s President, Mr. Kwajo M.
Sarfoh, received 1,800,000 shares of CCTC&#146;s common stock in exchange for $2,539.00 of
capital contributed to CCTC to fund general business operations. CCTC therefore valued the
common shares of CCTC at approximately $.00115 per share and recorded the value on its
books at $2,539.00. These shares were purchased effective September 15, 2002 by Mr.
Sarfoh. Additionally, effective September 15, 2002, the Board of Directors authorized the
issuance of 200,000 shares of common stock at $.001 par value to Trae O. High for
consulting services provided to the Company amounting to $200.00. Additionally, on March
15, 2003, the Board of Directors authorized the issuance of 200,000 shares of common stock
at $.001 par value to David Loev in consideration for $200.00. Mr. Loev, along with Mr.
Sarfoh and Mr. High, is a founder of CCTC. The authorization and issuance to Mr. Loev
relate back and are effective September 15, 2002, the date the Board of Directors
authorized the issuance of shares to its other founders. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is a Company that is in its
developmental stages and has been in existence for approximately twelve months. It has no
prior operating experience and has no predecessor businesses from which it evolved. The
management of CCTC has had no prior experience in starting-up a company and lack
operational experience in the importation and sale of artworks and crafts. Further, no
member of management has any experience in running an Internet company. To address two of
these issues, CCTC consulted with Mr. Loev, a founder in CCTC, to advise the company in
its start-up stage. Mr. Loev, has prior experience in assisting start-up companies with
issues akin to a company at this stage. Cynthia Lin, CCTC&#146;s website designer and
consultant, has been contracted to construct CCTC&#146;s user-friendly website. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The table below provides the
estimated timeframe, action steps, and costs that the management of CCTC believes must be
accomplished in the next 12 months in order to begin recognizing revenues: </FONT></P>



<TABLE CELLPADDING=4 CELLSPACING=9 BORDER=0 WIDTH=100%>
<TR VALIGN=Middle>
     <TH>&nbsp;</TH>
     <TH>1. Website Design</TH>
     <TH>2. Contact HBCU's: 1-100</TH>
     <TH>3. Market Research / Marketing</TH>
     <TH>4. Colleges &amp; Universities - Other</TH>
     <TH>5. Retail &amp; Department Stores</TH></TR>
<TR VALIGN=top>
     <TD WIDTH=10% ALIGN=LEFT>Conditions/Contigencies</TD>
     <TD WIDTH=12% ALIGN=LEFT>Securing website designer</TD>
     <TD WIDTH=13% ALIGN=LEFT>Upon website completion, construction of 1 page advertisement and school bookstore contact personnel, address and phone number.</TD>
     <TD WIDTH=13% ALIGN=LEFT>After 4th round of HBCU contact, CCTC will assess success of Item #2 and will then identify advertising agency</TD>
     <TD WIDTH=10% ALIGN=LEFT>Upon completing Items #1, #2 &amp; #3</TD>
     <TD WIDTH=8% ALIGN=LEFT>Upon completion of Item #3</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Estimated Funding</TD>
     <TD ALIGN="LEFT">$             700.00</TD>
     <TD ALIGN="LEFT">$                1,000</TD>
     <TD ALIGN="LEFT">$2,000 - $4,000</TD>
     <TD ALIGN="LEFT">$800 - $1,500</TD>
     <TD ALIGN="LEFT">$2,500 -$10,000</TD></TR>
<TR VALIGN="Middle">
     <TD ALIGN=LEFT>Time Frame</TD>
     <TD ALIGN=LEFT>Completed 7/10/03</TD>
     <TD ALIGN=LEFT>9/15/03 1-25 (1st round); 10/15/03 26-50 (2nd round); 11/15/03 51-75 (3rd round); 12/15/03 76-100 (4th round)</TD>
     <TD ALIGN=LEFT>12/16/03</TD>
     <TD ALIGN=LEFT>1/1/04- 8/1/04</TD>
     <TD ALIGN=LEFT>Mid-late 2004</TD></TR>
</TABLE>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The plan of operation of CCTC is to
import and sell artworks and crafts produced in Ghana. CCTC is already in possession of
$500.00 of such inventory. These artworks and crafts will be of high quality, certain of
which will be available in varying sizes. The imported artworks and crafts will enable
customers to enjoy the history and culture of Ghanaian people in a new way. The management
of CCTC is aware that there are several different types of artworks and crafts from Ghana
and other regions of Africa, which are currently available on the market. During the next
12 months, CCTC has five major goals in the sales and marketing of its products: </FONT></P>




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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Website Design and Construction: CCTC contracted Ms. Lin to design and construct
               a company website for use as a vehicle for the company to market and sell its
               products. CCTC&#146;s website, www.ghanacrafts.com, is now up and operational on
               the World Wide Web. CCTC also contracted Ms. Lin to set up and coordinate the
               website to have shopping carts with payment services provided by Paypal and to
               place the company&#146;s website on selected search engines. Ms. Lin will
               upgrade the website when necessitated by a growth in sales. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>



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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
              HostPC Internet Services:<br>
On April 10, 2003, CCTC entered into a contract with HostPC Internet Services
(&#147;HostPC&#148;), a provider of Internet World Wide Web page hosting and e-mail
services. In return for an annual subscription fee of $49.90, CCTC secured rights to: (1)
its domain name, www.ghanacrafts.com; (2) 350 MB disk space; (3) 4 GB transfer; (4) 50
POP3 email accounts; and (5) Ensim Control Panel. As consideration for the above services
CCTC selected, CCTC agreed to pay HostPC the applicable service(s) fees. All fees payable
under the contract are non-refundable unless HostPC provides otherwise. Pursuant to
HostPC&#146;s cancellation policy, CCTC can cancel the service, with or without cause, at
any time in writing. </FONT></TD>
</TR>
</TABLE>
<BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Targeting of 100 HBCU&#146;s: CCTC believes it can offer an immediate presence
               to African American students enrolled in the country&#146;s over 100 HBCUs who
               seek authentic African products. Over the next 5 months, the Company will expend
               a considerable portion of its resources to obtain access to campus bookstores
               located at over 100 HBCUs. After a lengthy period of stagnation, overall college
               enrollment increased by 2 percent from 1999 to 2002, with nearly identical gains
               at two- and four-year institutions. Students of color had their largest
               enrollment increase, 5.6 percent, at the graduate level in 2000. They also
               exhibited progress at the undergraduate level, with an increase of 3.1 percent,
               and nearly 2 percent at the professional school level. Overall, college
               enrollment among students of color increased by more than 48 percent during the
               past decade, including a gain of nearly 15 percent since 1995. For the most
               recent year, minority students registered an enrollment gain of 3.3 percent. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
CCTC believes this population to be a major market for its leather book bags, purses and
jewelry. In particular, the Company believes that the hand-made leather book bags, with
the African continent inscribed on the back, as well as other African symbols or college
and university logos, will appeal to mature undergraduate, as well as graduate, African
American students at HBCUs and other non-HBCUs. The hand-made leather book bags offer many
of the common features currently available by traditional book bag providers, such as
Jansport and Eastpak. The Company believes its authentic hand-made leather book bags will
be able to compete successfully in this environment. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
At such time as CCTC obtains necessary funding through this offering, the management
anticipates that the first major direct effort in marketing the products will be to each
HBCUs. CCTC will construct a one-page brochure of its leather products to be mailed to
identified HBCU bookstore personnel in four rounds. Management believes that this approach
will enable CCTC to better market its products with each succeeding round. </FONT></TD>
</TR>
</TABLE>
<BR>





          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3. &amp; 4. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>

Market / Marketing: At present, CCTC possesses approximately 20 sample artworks
and crafts. It is in the process of making these samples available to retailers that sell
to the artworks and crafts industry, to certain selected 100 HBCUs, and other consumers
who seek authentic Ghanaian and other African products. The Company expects to serve a
diversified customer base in various parts of the United States. These contacts are being
made through the efforts of Mr. Sarfoh. CCTC intends to determine the market for authentic
artworks and crafts from Ghana, Africa, the potential interest in department stores
purchasing wood crafts, and the potential interest of college and university bookstores in
purchasing book bags and certain other products, which could be successfully marketed in
conjunction with the book bags. In particular, CCTC will specifically identify those
colleges and universities not having only the largest percentage of African Americans
students, but also the largest percentage of African Americans enrolled in the freshmen
class. Management believes that the freshmen class will be the biggest source of revenue
for its book bags. From this, management also believes that the revenues derived from book
bag sales at all colleges and universities, inclusive of HBCUs, will be seasonal in
nature, with increased revenues occurring at the beginning of the fall and winter
semesters.


</FONT></P></TD>
               </TR>
               </TABLE>
               <BR>




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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The
management of CCTC is aware that although its authentic artworks and crafts are unique, it
may not be prudent to import these products until it has the necessary market demand to
indicate that there is a sufficient interest in the market for such products and, whether
there is a sufficient interest in the products for department stores and colleges and
universities to purchase CCTC&#146;s imported artworks and crafts. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=25%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The
management of CCTC understands the importance of a comprehensive marketing program in
order to maximize its ability to sell the artworks and crafts. As such, as soon as funding
is available, CCTC will commence the search to find an advertising agency to market its
artworks and crafts. Although no contact has been initiated by CCTC, CCTC has identified
Eworldwide Press Release Distribution (&#147;Eworldwide&#148;) as a potential agency to
market its products. Eworldwide offers company distribution to: (1) Black Media; (2)
College and University Press; (3) local and state media distribution; and (4) top 100 US
Newspapers. Eworldwide also offers news release editing and writing services that would
aid CCTC in crafting its image and reputation. Until funding is available, management will
continue their search for a cost-effective advertising agency. CCTC is allocating a large
amount of the proceeds obtained from this offering for advertising and marketing. It
intends to reserve the exact allocations of marketing funds until such time as it has had
the opportunity to review marketing plans from the agency that it employs. CCTC
anticipates that a large amount of the funds allocated for marketing will be utilized in
some form of advertising that is aimed at the population who would most enjoy the history
and culture of African people. </FONT></TD>
</TR>
</TABLE>
<BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Retail &amp; Department Stores: Management believes that retail stores offer the
               greatest source of revenue for the company&#146;s stools, wood-works, and other
               home furnishing products. On several occasions management has observed Ghanaian
               artworks and crafts in stores such as Pier 1 Imports, Kmart, Wal-Mart, etc. The
               Company has decided to approach these companies in mid-late 2004 so as to gain
               the necessary management and operational experience and market research.
               Further, management believes that a listing on the OTC Bulletin Board will
               provide CCTC with a competitive advantage and increase its credibility amongst
               selected vendors. Management believes that public status on a recognized
               exchange will enable the company to obtain access to selected retail and
               department stores on more favorable contract terms. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Shipping and Handling:</B> Based on oral
negotiations with Lizmof Enterprise and Gye Nyame Handicraft Co. Producers and Exporters,
CCTC expects that contracts entered into with these parties will provide for FOB Place of
Shipment and that CCTC will pay for the attendant shipping costs. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As a promotional tool offered for a
limited time on its website, CCTC is currently offering free shipping and handling for
purchases of over $100, but will incur the initial shipping and handling costs for
purchases below $100. At all times, shipping and handling costs incurred on the part of
CCTC will be passed on to consumers through increased prices. As soon as practicable after
obtaining the necessary capital, CCTC will commence seeking an established domestic
shipping company to deliver ordered products within the United States. It is contemplated
that during the first 12 months of production, CCTC will deliver a minimum of 2,000 units. </FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Competition</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC will be competing for market
share with well-established importers of artworks and crafts both within the United States
and abroad. There are many other importers of artworks and crafts which are currently
marketed which can provide the same enjoyment as the Company&#146;s artworks and crafts
and which will be in direct competition in the marketplace with CCTC. Further, the lack of
a brand name for CCTC&#146;s artworks and crafts may adversely affect the public&#146;s
confidence in the products and its success in the marketplace. The presence of established
competitors could adversely affect the ability of CCTC to successfully implement its
business plan to sell its products. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC has limited financial,
marketing, technical and other resources that are necessary to implement its business
plan. Many of CCTC&#146;s competitors have significantly greater financial, marketing,
technical and other resources than CCTC does. These competitors may be able to devote
greater resources to the development, promotion and sale of competing artworks and crafts.
Moreover, due to the size of these competitors, they may be able to import artworks and
crafts with different designs, but with a similar function which can be marketed at a
price lower than which CCTC can market its artworks and crafts. </FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Patents, Trademarks and
Licenses</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC currently holds no patents,
trademarks or licenses. </FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Need for Government
Approval </B></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The management of CCTC does not
believe that there are any governmental restrictions on the importation and marketing of
the artworks and crafts produced in Ghana. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>However, data collection, protection,
security and privacy issues are a growing concern in the U.S. and in many other countries
around the world. Government regulation is evolving in these areas and could limit or
restrict CCTC&#146;s ability to market its products to consumers, increase our costs of
operation and lead to a decrease in demand for our products. Federal, state and local
governmental organizations, as well as foreign governments and regulatory agencies, are
also considering legislative and regulatory proposals that directly govern Internet
commerce, and will likely consider additional proposals in the future. We do not know how
courts will interpret laws governing Internet commerce or the extent to which they will
apply existing laws regulating issues such as property ownership, sales and other taxes,
libel and personal privacy to the Internet. The growth and development of the market for
online commerce has prompted calls for more stringent consumer protection laws that may
impose additional burdens on companies that conduct business online. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Federal legislation imposing limits
on the ability of states to tax Internet-based sales was enacted in 1998 and will exempt
some sales transactions conducted over the internet from multiple or discriminatory state
and local taxation. It is possible that this legislation will not be renewed when it
terminates. Failure to renew this legislation could allow state and local governments to
impose taxes on Internet-based sales, and these taxes could adversely affect our business,
financial condition and results of operations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Product Liability </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Management does not anticipate any
product liability claims against it. In the event, however, that CCTC lacks sufficient
capital to obtain, or continue product liability insurance, any product liability claim
which is filed against CCTC may result in the failure of CCTC, either as a result of costs
expended by CCTC in defending the lawsuit or, as a result of CCTC being unable to satisfy
a judgment taken against it. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Employees</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Until such time as CCTC is in the
position to commence the marketing of its products, it will not have any employees. All
other services obtained by CCTC, prior to the first commercial order will be handled
through the services of independent contractors. Once the initial order is placed, CCTC
contemplates hiring one part-time employee for sales and marketing in order to permit CCTC
to grow. CCTC also contemplates hiring one part-time employee to process orders, once
sales dictate the need for such an employee. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Contingency Plan</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The management of CCTC is aware that
despite its best efforts, the sales of the artworks and crafts may not be sufficient to
result in a profitable corporation. Since the sole purpose of organizing CCTC is to import
and sell the artworks and crafts, the management of CCTC currently has no plans regarding
the direction of CCTC, in the event it is unable to sell a sufficient quantity of the
artworks and crafts to create a profitable business. The management of CCTC believes that
even if it were unsuccessful in marketing the artworks and crafts, one option would be the
sale of the inventory to an unrelated corporation or, through the combination of CCTC with
another entity. While many future courses of action are possible, the management of CCTC
has no intention to go forward with any business plan, other than the business plan set
forth in this prospectus. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="managementdisc"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>MANAGEMENT&#146;S
DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Following Plan Of Operations
Should Be Read In Conjunction With Our Financial Statements And The Related Notes Included
Elsewhere In This Prospectus. This Prospectus Contains Certain Statements Of A
Forward-Looking Nature Relating To Future Events Or Our Future Financial Performance. We
Caution Prospective Investors That Such Statements Involve Risks And Uncertainties, And
That Actual Events Or Results May Differ Materially. In Evaluating Such Statements,
Prospective Investors Should Specifically Consider The Various Factors Identified In This
Prospectus, Including The Matters Set Forth Under The Caption &#147;Risk Factors&#148;
Contained Elsewhere In This Prospectus, Which Could Cause Actual Results To Differ
Materially From Those Indicated By Such Forward-Looking Statements. We Disclaim Any
Obligation To Update Information Contained In Any Forward-Looking Statement. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PLAN OF OPERATION </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>During the next 12 months, CCTC plans
to continue as a company in its developmental stages. CCTC has raised from its prior
offering, under Regulation D of the Securities Act of 1933, a total of $6,650.00, as ended
on April 20, 2003. From this offering, $4,230.63 has been paid to Thomas Leger &amp; Co.
L.L.P. for accounting services, $1,250 has been paid to Jason Karavias, Esq. for legal
services, $700.00 to Cynthia Lin for CCTC&#146;s website construction, and $275.00 has
been paid to New York State in compliance with New York&#146;s Blue Sky Laws. The
remaining funds raised in the Regulation D Rule 506 offering should be sufficient to
satisfy operating costs estimated to be expended by CCTC through the end this offering, </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>From CCTC&#146;s inception on August
16, 2002, through the end of CCTC&#146;s last fiscal quarter, June 30, 2003 (approximately
eight months), it has experienced an accumulated total net loss of $5,871.00. Since CCTC
is in its developmental stage, it has had no revenues from the sale of goods and has
incurred expenses of $ 5,921.00, which consisted primarily of legal and accounting fees of
$2,481.00 and general and administrative costs of $2,785.00. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The additional amounts sought by CCTC
through this offering may be sufficient to provide the necessary capital for CCTC to do
the necessary marketing and procure the initial delivery of the imported artworks and
crafts. The management of CCTC believes this amount will be sufficient. However, because
the management of CCTC may run into unforeseen expenses, the amount raised through this
offering may not be enough to provide CCTC with sufficient capital to bring the artworks
and crafts to market. In the event that only a nominal amount of this offering is
purchased by investors, CCTC may not have sufficient assets to go forward with its plan of
operation, unless it is able to obtain capital from other sources. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Over the past several months, the
Officers of CCTC have been involved in identifying two producers and exporters of artworks
and crafts from Ghana. CCTC has arranged for both Lizmof Enterprise, a Ghana-based
independent foreign dealer and distributor in art, craft and general merchants, and Gye
Nyame Handicraft Co., a Ghana-based independent foreign producers and exporters dealer, to
procure and distribute artworks and crafts to the company&#146;s office in the United
States. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC has no written contracts with
Lizmof Enterprise or Gye Nyame Handicraft Co. for the production and delivery of any
artworks and crafts. The Officers of CCTC have recently forwarded to Lizmof Enterprise a
list and description of the artworks and crafts to be produced and delivered to the
company. Additionally, CCTC anticipates importing the first major order from Lizmof
Enterprise within 60 days after receiving sufficient funding. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The inventory procured in December
2002 will mainly be utilized as samples in CCTC&#146;s marketing efforts to obtain orders
for the artworks and crafts. CCTC anticipates that the retail price of the artworks and
crafts will be in the range of $15.00 to $500.00. CCTC expects to sell some of the initial
inventory and receive a small amount of revenue therefrom. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>THE NEXT TWELVE MONTHS</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC anticipates that within 12
months from the date that it markets its samples, CCTC will be in a better position to
determine exactly how much should be expended with regard to the actual marketing costs
involved in the advertising and promotion of the products. CCTC anticipates expending up
to $22,000.00 in marketing costs including advertising in journals and print publications
reviewed by consumers, specifically, African American students. These marketing efforts
will commence upon the development and distribution of a Company brochure to selected
targets. CCTC contemplates that, assuming full funding of its offering, the $22,000.00
presently allocated for marketing will be sufficient to permit continued marketing of the
products until such time as CCTC can fund further marketing efforts through revenues
earned by it. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Within 60 days after the date the
Company receives sufficient funding, CCTC anticipates importing the first major order from
Lizmof Enterprise. CCTC will have to principally rely upon proceeds from this offering in
order to fund the initial order. This expenditure is considered priority expenditure by
CCTC and CCTC will allocate the full cost of the initial order from proceeds received,
even if full subscription of the offering is not attained. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Assuming that the market favorably
reacts to the artworks and crafts, CCTC anticipates that it will take approximately 12
months from the date in which the first large order are available for sale in order to
reach a level of profitability. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Within 30 days of the date that the
first commercial order has commenced, CCTC may hire its first part-time employee. This
employee will be responsible for the sales and marketing of the artworks and crafts. It is
contemplated that this employee will be employed under terms that will provide for an
hourly salary of $10 plus a commission based upon units sold. At such time as sales for
the artworks and crafts reach a level of 20,000 to 30,000 units, CCTC will have to add a
full-time administrative employee, in an executive position, to perform day-to-day
operations at a salary of approximately $30,000.00. Additionally, a part-time hourly wage
employee will be required for storage and shipping purposes. Since CCTC has allocated no
funds for these individuals in the amount sought pursuant to this offering, these
individuals will have to be paid from sales revenues as it becomes available. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC anticipates requiring a minimum
of $25,000 in funds through this offering. If CCTC does not raise at least 50% of the
maximum proceeds, it will not be able to properly bring its products to market in the next
12 months without receiving additional financing. If the full amount is not received, CCTC
will have to scale back its efforts proportionately. Should this occur, CCTC contemplates
that the acceptance of the artworks and crafts in the market will be delayed and it will
take a longer time for CCTC to generate sufficient revenues to become self-sustaining. In
the event that the full amount sought is subscribed for, CCTC believes that a majority of
the funds will be expended during a 12 month time frame. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="descripofprop"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>DESCRIPTION OF PROPERTY</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At the present time, CCTC&#146;s
principal office is located at 301 West 53, 6C, New York, New York, 10019. These offices
are being utilized, rent-free, by CCTC and are leased by Mr. Sarfoh. There currently is no
written agreement between Mr. Sarfoh and CCTC concerning the company&#146;s rent-free use
of office space. Currently, this location serves as the sales office and storage facility
for CCTC. At such time, CCTC anticipates obtaining storage space for imported artworks and
crafts in New York, New York. CCTC does not anticipate purchasing any real estate, nor,
does it anticipate purchasing any real property for its office or storage facility.
Management for CCTC believes that the rent-free space will be sufficient for the needs of
the Company for at least the next 12 months, or until such time where company growth
necessitates the need to find larger office space. Management believes that amounts saved
on office rent enable CCTC to target limited resources on Company growth strategies. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="certainrelation"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. Sarfoh is a promoter of CCTC, further, he currently holds a control position in
          the business, owning a total of 79.4% of the outstanding common stock (directly
          and beneficially). Mr. Sarfoh is to receive no additional compensation from CCTC
          with regard to his efforts in selling the new common shares to be registered
          through this offering. In September 2002, the Company issued 1,800,000 shares of
          Company common stock to Mr. Sarfoh, in consideration for contributed capital of
          $2,539.00 in order to pay for incorporation costs and Company assets. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Trae O&#146;Neil High is a promoter
and founder of CCTC. In September 2002, the Company issued 200,000 shares of Company
common stock to Trae O. High for consulting services provided to the Company.
Specifically, Mr. High assisted CCTC in: (1)formulating our business plan; (2) arranging
for our incorporation; and (3) keeping our books and records in order. The value of these
services performed by Mr. High was $200.00. Mr. High currently holds a control position in
the business, owning a total of 8.8% of the outstanding common stock (directly and
beneficially). </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Effective on March 15, 2003, the
Board of Directors authorized the issuance of 200,000 shares of common stock at $.001 par
value to David Loev in consideration for $200.00. Mr. Loev, along with Mr. Sarfoh and Mr.
High, is a promoter and founder of CCTC. The authorization and issuance to Mr. Loev relate
back and are effective September 15, 2002, the date the Board of Directors authorized the
issuance of shares to its other founders. Mr. Loev currently holds a control position in
the business, owning a total of 8.8% of the outstanding common stock (directly and
beneficially). Mr. Loev has advised CCTC on matters related to initial start-up matters,
including, but not limited to, incorporation matters, bylaws, Blue Sky Laws and private
placement materials related to CCTCs Rule 506 Regulation D Offering. CCTC and Mr. Loev
have not entered into any written agreement for his advisement on such matters and Mr.
Loev has received no consideration for his advisement in such matters. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At the present time, CCTC&#146;s
principal office, located at 301 West 53, 6C, New York, New York, 10019, are being
utilized, rent-free, by CCTC and are leased by Mr. Sarfoh. There currently is no written
agreement between Mr. Sarfoh and CCTC concerning the company&#146;s rent-free use of
office space. Management for CCTC believes that the rent-free space will be sufficient for
the needs of the Company for at least the next 12 months, or until such time where company
growth necessitates the need to find larger office space. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>There are no contractual agreements
between Mr. Sarfoh and any other individual, whether a shareholder or not, and CCTC. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="marketforcom"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>MARKET FOR COMMON EQUITY
AND RELATED STOCKHOLDER MATTERS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>NO PUBLIC MARKET FOR
COMMON STOCK</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>There is presently no public market
for CCTC&#146;s common stock. The management of CCTC anticipates applying for trading in
its common stock on the over the counter bulletin board upon the effectiveness of the
registration statement of which this prospectus forms a part. However, CCTC can provide no
assurances that its shares will be traded on the bulletin board, or, if traded, that a
public market will materialize. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>HOLDERS OF CCTC COMMON
STOCK</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As of the date of this registration
statement, CCTC has 20 registered shareholders. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>RULE 144 SHARES</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At present, 2,200,000 shares of CCTC
common stock, beneficially owned by Messrs. Sarfoh, High and Loev, are available for
resale to the public pursuant to Rule 144 of the Securities Act of 1933. In general, under
Rule 144, as currently in effect, a person who has beneficially owned shares of a
company&#146;s common stock for at least one year, is entitled to sell within any three
month period a number of shares that does not exceed the greater of: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 3-TNR" FSL="Project" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
          <TR VALIGN=TOP>
          <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
          <TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          One percent of the number of shares of CCTC&#146;s common stock then outstanding
          which, in the case of CCTC, will equal approximately 22,665 shares as of the
          date of this prospectus; or </FONT></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 3-TNR" FSL="Project" -->
     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
          <TR VALIGN=TOP>
          <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
          <TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The average weekly trading volume of CCTC&#146;s common stock during the four
          calendar weeks preceding the filing of a notice on Form 144 with respect to the
          sale. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Sales under Rule 144 are also subject
to manner of sale provisions and notice requirements and to availability of current public
information about CCTC. As of the date of this prospectus, only the shares owned by
Messrs. Sarfoh, High and Loev would qualify under Rule 144. In the future, Messrs. Sarfoh,
High and Loev intend to offer their shares for resale to the public pursuant to Rule 144
of the Securities Act of 1933 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Under&nbsp; Rule&nbsp; 144(k), a
person who is not one of our company&#146;s affiliates at&nbsp; any&nbsp; time&nbsp;
during the three months preceding a&nbsp; sale,&nbsp; and&nbsp; who&nbsp; has
beneficially&nbsp; owned&nbsp; the shares proposed to be sold&nbsp; for&nbsp; at&nbsp;
least&nbsp; two years,&nbsp;is entitled to sell shares without complying with the
manner&nbsp; of sale, public information, volume limitation or notice provisions of Rule
144. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>As&nbsp;of the date of this
prospectus, persons who are our affiliates&nbsp;hold all&nbsp;of the&nbsp;shares that may
be sold pursuant to Rule 144 after September 15, 2003. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<A NAME="execcomp"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EXECUTIVE COMPENSATION</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The company&#146;s two directors and
executive officers, Mr. Sarfoh and Mr. High, did not accrue and do not receive any
compensation for their services performed during the past fiscal year. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>EMPLOYMENT AND RELATED
AGREEMENTS </B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We do not have a written employment
agreement or consulting agreement with Mr. Kwajo M. Sarfoh, our Director, President,
Treasurer and Chief Financial Operator, or Mr. Trae O. High, our Director, Vice President
and Secretary. Mr. Sarfoh and Mr. High provide their services to CCTC on a part-time
basis. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR"  -->
<A NAME="financialstmnts"> </A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FINANCIAL STATEMENTS </B></FONT></P>










<!-- MARKER FORMAT-SHEET="Head Left"  -->
<A NAME=A074></A>
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>FINANCIAL STATEMENTS<br>INDEX TO THE FINANCIAL STATEMENTS </b></FONT></P>





<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A075></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AUDITED FINANCIAL
STATEMENTS </FONT></P>




<TABLE align=left CELLPADDING=1 CELLSPACING=1 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=85% ALIGN=LEFT>Independent Auditor's Report</TD>
     <TD WIDTH=15% ALIGN=LEFT>F-1</TD></TR>



<TR>
      <TD> &nbsp;</TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Balance Sheet</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;As of December 31, 2002</TD>
     <TD ALIGN=LEFT>F-2</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Statement of Loss</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;For the Period from Inception</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;(August 16, 2002) through December 31, 2002</TD>
     <TD ALIGN=LEFT>F-3</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Statement of Stockholders' Deficit</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;For the Period from Inception</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;(August 16, 2002) through December 31, 2002</TD>
     <TD ALIGN=LEFT>F-4</TD></TR>

<TR>
      <TD> &nbsp;</TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Statement of Cash Flows</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;For the Period from Inception</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;(August 16, 2002) through December 31, 2002</TD>
     <TD ALIGN=LEFT>F-5</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Notes to the Financial Statement</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;For the Period from Inception</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;(August 16, 2002) through December 31, 2002</TD>
     <TD ALIGN=LEFT>F-6 to F-9</TD></TR>

</TABLE>



<p><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br></P>


<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A076></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNAUDITED FINANCIAL
STATEMENTS </FONT></P>



<TABLE align=left CELLPADDING=1 CELLSPACING=1 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=85% ALIGN=LEFT>Balance Sheet</TD>
     <TD WIDTH=15% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;As of March 31, 2003</TD>
     <TD ALIGN=LEFT>F-10</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Statement of Loss</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;For the Period from January 1, 2003</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;to JUNE 30, 2003</TD>
     <TD ALIGN=LEFT>F-11</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Statement of Cash Flows</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;For the Period from January 1, 2003</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;to JUNE 30, 2003</TD>
     <TD ALIGN=LEFT>F-12</TD></TR>

<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Notes to the Financial Statements</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;For the Period from January 1, 2003</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;to JUNE 30, 2003</TD>
     <TD ALIGN=LEFT>F-13</TD></TR>
</TABLE>

<p><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br></p>







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<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-1 </FONT></P>




<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                           INDEPENDENT AUDITOR'S REPORT
</font><p>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To the Board of DirectorsCape
<BR>Coastal Trading Corp.<BR>(A Development Stage Company) </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>New York, NY </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We have audited the accompanying
balance sheet of Cape Coastal Trading Corp. (a New York Corporation and development stage
company) as of December 31, 2002 and the related statement of loss, stockholders&#146;
deficit, and cash flows for the period from inception (August 16, 2002), to December 31,
2002. These financial statements are the responsibility of the Company&#146;s management.
Our responsibility is to express an opinion on these financial statements based on our
audit. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We conducted our audit in accordance
with auditing standards generally accepted in the United States of America. 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 audit provides a reasonable basis for our
opinion. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In our opinion, the financial
statements referred to above present fairly, in all material respects, the financial
position of Cape Coastal Trading Corp., as of December 31, 2002 and its losses and cash
flows for the period from inception (August 16,2002) to December 31, 2002 in conformity
with accounting principles generally accepted in the United States of America. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern. The Company
is a development stage company focused on importing artworks and crafts from Ghana, Africa
to sell to its vendors and customer in the U.S. The Company has had less than five months
of activity and has incurred losses from operations. These conditions raise substantial
doubt about the Company&#146;s ability to continue as a going concern. Management&#146;s
plans in regard to those matters are also described in Note 2. The financial statements do
not include any adjustments that might result from the outcome of this uncertainty. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thomas Leger &amp; Co.,
L.L.P. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Houston, Texas </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February
21, 2003, except for the second, third, and fourth paragraph of Note 5, and Note 6 as to
which the date is March 31, 2003. </FONT></P>






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<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-2 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP. <BR>(A DEVELOPMENT STAGE COMPANY)<BR>BALANCE SHEET<BR>DECEMBER 31, 2002 </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>ASSETS</b></font></p>


<TABLE align=center CELLPADDING=1 CELLSPACING=0 BORDER=0 WIDTH=600>



<TR>
      <TD>CURRENT ASSETS </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN="Bottom" BGCOLOR="#C0C0C0">
     <TD WIDTH="83%" ALIGN="LEFT">Cash</TD>
     <TD WIDTH="17%" ALIGN="RIGHT">122&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Inventory</TD>
     <TD ALIGN=RIGHT>500&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=2><HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</TD>
     <TD ALIGN="RIGHT">622&nbsp;</TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>FIXED ASSETS, NET</TD>
     <TD ALIGN=RIGHT>2,187&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=2><HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL ASSETS</TD>
     <TD ALIGN="RIGHT">$2,809&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=2><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
</TABLE>


<p><br><br></P>

<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>LIABILITIES AND STOCKHOLDERS' DEFICIT</b></font></p>


<TABLE align=center CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=660>
<TR VALIGN=Bottom>
     <TD WIDTH=83% ALIGN=LEFT>CURRENT LIABILITIES</TD>
     <TD WIDTH=4% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=11% ALIGN=RIGHT></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Accounts payable</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">2,781</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Payable to shareholder</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>885</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=2></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL CURRENT LIABILITIES</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">3,666</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>STOCKHOLDERS' DEFICIT</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Common stock: $.001 par value; 50,000,000</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>shares authorized, 2,000,000 issued and outstanding</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>2,000</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
      <TD> &nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Paid-in capital</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">1,089</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Retained deficit accumulated in the</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>development stage</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>(3,946</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Total stockholders' deficit</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>(857</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR>
     <TD COLSPAN=9>
<HR NOSHADE COLOR=Black SIZE=2></TD></TR>



<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$&nbsp;2,809</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
The accompanying notes are an integral part of these financial statements. </FONT></P>





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<!-- MARKER PAGE="sheet: 5; page: 5" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-3 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING CORP.<BR>
(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF LOSS FOR
THE PERIOD FROM INCEPTION<BR>(AUGUST 16, 2002) TO
DECEMBER 31, 2002 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>



<TR>
      <TD>EXPENSES </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD WIDTH="78%" ALIGN="LEFT">General and administrative</TD>
     <TD WIDTH="1%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="1%" ALIGN="RIGHT">$</TD><TD WIDTH="13%" ALIGN="RIGHT">  1,265</TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Consulting fees</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    200</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Professional fees</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">  2,481</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=9>
<HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Total operating costs and expenses</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  3,946</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;Loss from operations and before taxes</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT"> (3,946</TD>
        <TD ALIGN="LEFT">)</TD></TR>
<TR>
     <TD COLSPAN=9>
<HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR>
      <TD>&nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR>
      <TD>PROVISION FOR INCOME TAXES</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN="Bottom" BGCOLOR="#C0C0C0">
     <TD WIDTH="78%" ALIGN="LEFT">Net loss</TD>
     <TD WIDTH="1%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="5%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="1%" ALIGN="RIGHT">$</TD><TD WIDTH="35%" ALIGN="RIGHT">(3,946</TD>
        <TD WIDTH="2%" ALIGN="LEFT">)</TD></TR>

<TR>
      <TD>LOSS PER SHARE</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN="bottom" BGCOLOR="#C0C0C0">
      <TD WIDTH="78%" ALIGN="left">&nbsp;&nbsp;&nbsp;Basic and diluted</TD>
      <TD WIDTH="1%" ALIGN="left">&nbsp;</TD>
      <TD WIDTH="5%" ALIGN="left">&nbsp;</TD>
      <TD WIDTH="1%" ALIGN="right">$</TD><TD WIDTH="35%" ALIGN="right">
      &nbsp;&nbsp;&nbsp;(0.00</TD>
      <TD WIDTH="2%" ALIGN="left">)</TD></TR><TR>
      <TD>WEIGHED AVERAGE SHARES OUTSTANDING</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR BGCOLOR="#C0C0C0">
<TD>&nbsp;&nbsp;&nbsp;Basic and diluted</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,000,000</TD>
      <TD> </TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The accompanying notes are an integral part of these financial statements.  </FONT></P>






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<!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-4 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF
STOCKHOLDER&#146;S DEFICIT FOR <BR>THE PERIOD FROM INCEPTION (AUGUST 16, 2002) TO DECEMBER
31, 2002 </FONT></P>

<TABLE CELLPADDING=1 CELLSPACING=1 BORDER=0 WIDTH=790>
<TR VALIGN=bottom>
     <TH></TH>
     <TH align=left>Date<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH>Common Stock<BR>
Shares<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH align=right>Amount<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH align=right>Additional<BR>
Paid-In<BR>
capital<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH align=right>Deficit<BR>
accumulated<BR>
during the<BR>
development<BR>
stage<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH align=right>Total<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=26% ALIGN=LEFT>Balance,</TD>
     <TD WIDTH=14% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=15% ALIGN=RIGHT>&nbsp;</TD>
     <TD WIDTH=10% ALIGN=RIGHT>&nbsp;</TD>
     <TD WIDTH=13% ALIGN=RIGHT>&nbsp;</TD>
     <TD WIDTH=13% ALIGN=RIGHT>&nbsp;</TD>
     <TD WIDTH=9% ALIGN=RIGHT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>August 16 2002,</TD>
     <TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=center>$--</TD>
     <TD ALIGN=RIGHT>$--</TD>
      <TD ALIGN=RIGHT>$--</TD>
     <TD ALIGN=RIGHT>$--</TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Stock issued</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>For consulting</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>services ($.001</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>per share)</TD>
     <TD ALIGN=LEFT>9/30/02</TD>
     <TD ALIGN=center>&nbsp;200,000&nbsp;</TD>
     <TD ALIGN=RIGHT>200&nbsp;</TD>
     <TD ALIGN=RIGHT>200&nbsp;</TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Stock issued</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>for accounts</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>payable ($.001</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>per share)</TD>
     <TD ALIGN=LEFT>12/31/02</TD>
     <TD ALIGN=center>1,800,000&nbsp;</TD>
     <TD ALIGN=RIGHT>$1,800&nbsp;</TD>
     <TD ALIGN=RIGHT>$&nbsp;&nbsp;&nbsp;&nbsp;739&nbsp;</TD>
     <TD ALIGN=RIGHT>--&nbsp;</TD>
     <TD ALIGN=RIGHT>2,539&nbsp;</TD></TR>


<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Capital</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Contributions</TD>
     <TD ALIGN=LEFT>12/31/02</TD>
     <TD ALIGN=center>--&nbsp;</TD>
     <TD ALIGN=right>--&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN=RIGHT>350&nbsp;</TD>
     <TD ALIGN=RIGHT>--&nbsp;</TD>
     <TD ALIGN=RIGHT>350&nbsp;</TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>



<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Net Loss</TD>
     <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=center>--&nbsp;</TD>
     <TD ALIGN=RIGHT>--&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD ALIGN=RIGHT>--&nbsp;&nbsp;</TD>
     <TD ALIGN=RIGHT>(3,946)</TD>
     <TD ALIGN=RIGHT>(3,946)</TD></TR>




<TR>
     <TD COLSPAN=7><HR NOSHADE COLOR=Black SIZE=2></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Balance,</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>December</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>31, 2002</TD>
     <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>2,000,000&nbsp;</TD>
     <TD ALIGN=RIGHT>$2,000&nbsp;</TD>
     <TD ALIGN=RIGHT>$&nbsp;1,089&nbsp;</TD>
     <TD ALIGN=RIGHT>$(3,946)</TD>
     <TD ALIGN=RIGHT>$&nbsp;&nbsp;(857)</TD></TR>
</TABLE>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The accompanying notes are an integral part of these financial statements. </FONT></P>





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<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-5 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF CASH FLOWS<BR>FOR THE PERIOD FROM
INCEPTION (AUGUST 16, 2002) TO DECEMBER 31, 2002 </FONT></P>
<TABLE CELLPADDING=1 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>


<TR>
      <TD align=left>CASH FLOWS FROM OPERATING ACTIVITIES </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=81% ALIGN=LEFT>Net Loss</TD>
     <TD WIDTH=1% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=4% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>$</TD><TD WIDTH=11% ALIGN=RIGHT> (3,946</TD>
        <TD WIDTH=2% ALIGN=LEFT>)</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Adjustments to reconcile net loss to net cash</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>used in operating activities:</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Depreciation and amortization</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">221</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Stock Issued for consulting</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>200</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Changes in assets and liabilities:</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;&nbsp;Inventories</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">(500</TD>
        <TD ALIGN="LEFT">)</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;Accounts payable</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>5,320</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;&nbsp;Payable to shareholder</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">885</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;Net cash used in operating activities</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>2,180</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH FLOWS FROM INVESTING ACTIVITIES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Purchase of fixed assets</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">(2,408</TD>
        <TD ALIGN="LEFT">)</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(2,408</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH FLOWS FROM FINANCING ACTIVITIES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Proceeds from capital contributions</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">350</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Net cash provided by financing activities</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>350</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>INCREASE IN CASH</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>122</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH AT BEGINNING OF PERIOD</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH AT END OF PERIOD</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    122</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>SUPPLEMENTAL INFORMATION</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;Interest paid</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;Income taxes paid</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;&nbsp;&nbsp;Stock issued for accounts payable</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  2,539</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The accompanying notes are an integral part of these financial statements. </FONT></P>







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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-6 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION<BR>(A DEVELOPMENT STAGE COMPANY)<BR>
NOTES TO FINANCIAL STATEMENTS FOR THE
PERIOD FROM INCEPTION<BR>(AUGUST 16, 2002) TO
DECEMBER 31, 2002 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>1.&nbsp;&nbsp;&nbsp;&nbsp;ORGANIZATION
AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Nature of Operations and
Organization:  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cape Coastal Trading Corp. (&#147;The
Company&#148;) is a development stage company that was incorporated in New York on August
16, 2002. The Company is focused on importing artworks and crafts from Ghana, Africa to
sell to its vendors and customers in the U.S. The Company is engaged in the planning,
selection, and procurement of these products.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Basis of Presentation:  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The financial statements have been
prepared in accordance with accounting principles generally accepted in the United States
of America. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Use of Estimates: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The preparation of financial
statements in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect certain reported amounts and disclosure.
Accordingly, actual results could differ from those estimates. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Revenue Recognition: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company&#146;s revenues are
derived from the sale of arts and crafts from Ghana, Africa to customers in the U.S. To
date, the company has not begun operations, as such, when operations commence revenues
will be recognized once realizable and earned. Revenue from sales of products and related
cost of products sold will be recognized when persuasive evidence of an arrangement
exists, delivery has occurred, the seller&#146;s price is fixed or determinable, and
collectability is reasonable assured. This generally occurs when the customer receives the
product at which time title passes to the customer. Revenues will be recorded net of any
provisions for estimated product returns. Customers generally do not have the right to
return product unless damaged or defective. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cash and Cash Equivalents: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company considers all short-term
securities purchased with an original maturity of three months or less to be cash
equivalents. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Inventory: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Inventory is accounted for under the
first in, first out method and are recorded at the lower of cost or market. Inventory
consists of products for resale at December 31, 2002. </FONT></P>





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<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-7 </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Property and Equipment: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Property and equipment are stated at
cost and are depreciated using the straight-line method over the estimated useful lives of
the assets, generally three years. Routine repairs and maintenance costs are charged to
operations as incurred while the costs of significant improvements are capitalized. The
major class of property and equipment is computer equipment at $2,408. Depreciation
expense and accumulated depreciation for the period ended was $221. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Income Taxes: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Company uses the liability method
of accounting for income taxes as set forth in SFAS No. 109, &#147;Accounting for Income
Taxes&#148;. Under this method, deferred tax liabilities and assets are recognized for the
expected future tax consequences of temporary differences between the carrying amounts and
the tax bases of assets and liabilities. Valuation allowances are established, if
necessary, to reduce the deferred tax asset to the amount that will assure full
realization. Income tax expense is the current tax payable or refundable or the period
plus or minus the net change in the deferred tax assets and liabilities. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Stock-Based Compensation: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SFAS No. 123, &#147;Accounting for
Stock-Based Compensation&#148; prescribes accounting and reporting standards for all
stock-based compensation plans, including employee stock options. As allowed by SFAS No.
123, the Company continues to apply the provisions of Accounting Principles Board Opinion
No. 25 (&#147;APB No. 25&#148;) &#147;Accounting for Stock issued to Employees&#148; and
related interpretations. Accordingly, compensation cost for stock options is measured as
the excess, if any, of the determined fair value of the Company&#146;s stock at the date
of grant over the stock purchase price. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net Loss Per Share: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Basic loss per share is computed by
dividing the net loss available to common shareholders by the weighted average of common
shares outstanding during the period. Diluted per share amounts assume the conversion,
exercise, or issuance of all potential common stock instruments unless the effect is
anti-dilutive, thereby reducing the loss or increasing the income per common share. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Recent Accounting
Pronouncements: </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In July 2001, the FASB issued
Statement No. 142 &#147;Goodwill and Other Intangible Assets&#148;. Statement No. 142
requires the use of a nonamortization approach to account for purchased goodwill and
indefinite lived intangibles. Under a nonamortization approach, goodwill and indefinite
lived intangibles will not be amortized into results of operations, but instead would be
reviewed for impairment and written down and charged to results of operations only in the
periods in which the recorded value of goodwill and indefinite lived intangibles is more
than its fair value. The provisions of Statement No. 142 will be effective for the Company
in fiscal 2003. Management does not expect this standard, when implemented, to have a
material effect on its future results of operations or financial position. </FONT></P>






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<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-8 </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In June 2001, the FASB issued
Statement No. 143 &#147;Accounting for Asset Retirement Obligations&#148;. The statement
addresses financial accounting and reporting for obligations associated with the
retirement of tangible long-lived assets and the associated asset retirement costs. The
statement is effective for the Company in fiscal 2003. The Company does not expect the
adoption of Statement No. 143 to have a material impact on the Company&#146;s future
results of operations or financial position. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In August 2001, the FASB issued
Statement No. 144 &#147;Accounting for the Impairment or Disposal of Long-Lived
Assets&#148;. This statement supersedes Statement No. 121, &#147;Accounting for the
Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of&#148;, and the
accounting and reporting provisions of APB Opinion 30, &#147;Reporting the Results of
Operations &#151; Reporting the Effects of Disposal of a Segment of a Business, and
Extraordinary, Unusual and Infrequently Occurring Events and Transactions&#148;, for the
disposal of a segment of a business. The statement is effective for the Company in fiscal
2003. The Company does not expect the adoption of Statement No. 144 to have a material
impact on the Company&#146;s future results of operations or financial position. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In April 2002, the FASB issued SFAS
No. 145, Rescission of FASB Statements Nos. 4, 44, and 64, Amendment of FASB Statement No.
13, and Technical Corrections. SFAS 145 eliminates the requirement to classify gains and
losses from the extinguishment of indebtedness as extraordinary, requires certain lease
modifications to be treated the same as a sale-leaseback transaction, and makes other
non-substantive technical corrections to existing pronouncements. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SFAS 145 is effective for fiscal
years beginning after May 15, 2002, with earlier adoption encouraged. The Company is
required to adopt SFAS 145 effective January 1, 2003. The Company does not believe that
the adoption of SFAS 145 will have a material effect on the Company&#146;s financial
position, results of operations, or cash flows. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In July 2002, the FASB issued SFAS
No. 146, Accounting for Costs Associated with Exit or Disposal Activities. SFAS 146
addresses financial accounting and reporting for costs associated with exit or disposal
activities and nullifies Emerging Issues Task Force (&#147;EITF&#148;) Issue No. 94-3,
Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an
Activity (including Certain Costs Incurred in a Restructuring). SFAS 146 requires
recognition of a liability for a cost associated with an exit or disposal activity when
the liability is incurred, as opposed to when the entity commits to an exit plan under
EITF No. 94-3. SFAS 146 is to be applied prospectively to exit or disposal activities
initiated after December 31, 2002. The Company does not believe that the adoption of SFAS
146 will have a material effect on the Company&#146;s financial position, results of
operations, or cash flows. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          GOING CONCERN </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Since inception, the Company has been
considered a development stage company and has not generated any operating revenue. There
is substantial doubt that the Company will generate sufficient revenues during 2003 to
meet its operating cash requirements. Accordingly, the Company&#146;s ability to continue
operations through 2003 depends on its success in obtaining equity financing in an amount
sufficient to support its operations. This raises substantial doubt about its ability to
continue as a going concern. The financial statements do not include any adjustments that
might result from this uncertainty. The Company intends to raise additional capital
through private or public securities offerings. </FONT></P>





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<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-9 </FONT></P>


<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.&nbsp;&nbsp;&nbsp;&nbsp;
          INCOME TAXES </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At September 30, 2002, the Company
had an operating loss of $3,946. This net operating loss provides a future tax benefit of
approximately $1,342 computed at the statutory rate. This future tax benefit has a
valuation allowance of $1,342. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.&nbsp;&nbsp;&nbsp;&nbsp;
          CONTINGENCIES </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>From time to time, the Company may be
involved in litigation relating to claims arising out of its ordinary course of business.
Management believes that there are no claims or actions pending or threatened against the
Company, the ultimate disposition of which would have a material impact on the
Company&#146;s financial position, results of operations or cash flows. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.&nbsp;&nbsp;&nbsp;&nbsp;
          RELATED PARTY TRANSACTIONS </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>At December 31, 2002 the Company owed
$885 to a major shareholder for purchases he made and expenses he paid on behalf of the
Company. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On December 31, 2002, the Company
issued 1,800,000 shares of stock for accounts payable in the amount of $2,539.00 to a
major shareholder and officer. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Contributions of $350.00 were made to
the Company by a major shareholder. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Project" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6.&nbsp;&nbsp;&nbsp;&nbsp;
          SUBSEQUENT EVENT </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On March 15, 2003, Board of Directors
authorized the issuance of 200,000 shares of common stock at $.001 par value to an
individual in consideration for $200,00. </FONT></P>





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<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-10 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION<BR>(A DEVELOPMENT STAGE COMPANY)<BR>BALANCE SHEET JUNE 30,
2003<BR>(UNAUDITED)</FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ASSETS</font></p>



<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="600">
<TR VALIGN="BOTTOM">
<TD WIDTH="68%" ALIGN="LEFT">CURRENT ASSETS</TD>
     <TD WIDTH="1%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="9%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="1%" ALIGN="RIGHT">&nbsp;</TD><TD WIDTH="19%" ALIGN="RIGHT">&nbsp;</TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD WIDTH="68%" ALIGN="LEFT">Cash</TD>
     <TD WIDTH="1%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="9%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="1%" ALIGN="RIGHT">$</TD><TD WIDTH="19%" ALIGN="RIGHT">3,393</TD>
        <TD WIDTH="2%" ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Inventory</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>425</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Total current assets</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">3,818</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>FIXED ASSETS, NET</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>1,875</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>


<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL ASSETS</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">5,693</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
</TABLE>



<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>LIABILITIES AND STOCKHOLDERS' EQUITY</font></p>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=84% ALIGN=LEFT>CURRENT LIABILITIES</TD>
     <TD WIDTH=1% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=3% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=9% ALIGN=RIGHT></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Accounts payable</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">300</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Payable to shareholder</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>1,325</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL current liabilities</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">1,625</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>STOCKHOLDERS' EQUITY</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Common stock: $.001 par value; 50,000,000</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>shares authorized, 2,266,500 issued and outstanding</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  2,266</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Paid-in capital</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">7,673</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Retained deficit accumulated in the development stage</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>(5,871</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Total stockholders' deficit</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">4,068</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD>
<TD ALIGN=RIGHT>5,693</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR"  -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The accompanying notes are an integral part of these financial statements.</FONT></P>







<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 7; page: 7" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-11 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF LOSS FOR
THE PERIOD FROM<BR>JANUARY 1, 2003 TO JUNE
30, 2003 </FONT></P>






<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=740>
<TR VALIGN=Bottom>
     <TH COLSPAN=3></TH>
     <TH COLSPAN=3>For the three<BR>
Months ended<BR>
June 30, 2003<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3>For the period<BR>
from inception<BR>
(August 16, 2002)<BR>
through<BR>
June 30, 2003<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=60% ALIGN=LEFT>REVENUES</TD>
     <TD WIDTH=1% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=3% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=16% ALIGN=RIGHT></TD>
        <TD WIDTH=6% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=10% ALIGN=RIGHT></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Sales</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">        125</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">    125</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Cost of Goods Sold</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>         75</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>     75</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>


<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Gross Profit</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">         50</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">     50</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>EXPENSES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">General and administrative</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">      1,520</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">  2,785</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Consulting fees</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    200</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Professional fees</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">--</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">  2,481</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Franchise tax</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>        455</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    455</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>


<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Total operating costs and expenses</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>      1,975</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  5,921</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>

<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=2></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Loss from operations and before taxes</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>     (1,925</TD>
        <TD ALIGN=LEFT>)</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT> (5,871</TD>
        <TD ALIGN=LEFT>)</TD></TR>

<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>PROVISION FOR INCOME TAXES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;Net loss</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>     (1,925</TD>
        <TD ALIGN=LEFT>)</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT> (5,871</TD>
        <TD ALIGN=LEFT>)</TD></TR>

<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>LOSS PER SHARE</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;&nbsp;Basic and diluted</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>(0.00</TD>
        <TD ALIGN=LEFT>)</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT></TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>WEIGHTED AVERAGE SHARES OUTSTANDING</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Basic and diluted</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>2,232,521</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The accompanying notes are an integral part of these financial statements. </FONT></P>






<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 8; page: 8" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-12 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORP.<BR>(A DEVELOPMENT STAGE COMPANY)<BR>STATEMENT OF CASH FLOWS<BR>FOR THE PERIOD FROM
JANUARY 1, 2003 TO JUNE 30, 2003 </FONT></P>



<TABLE CELLPADDING=1 CELLSPACING=0 BORDER=0 ALIGN=Center WIDTH=730>
<TR VALIGN=BOTTOM>
     <TH COLSPAN=3></TH>
     <TH COLSPAN=3>For the three<BR>
Months ended<BR>
June 30, 2003<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3>For the period<BR>
from inception<BR>
(August 16, 2002)<BR>
through<BR>
June 30, 2003<HR WIDTH=65% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=69% ALIGN=LEFT>CASH FLOWS FROM OPERATING ACTIVITIES</TD>
     <TD WIDTH=1% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=3% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=1% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=9% ALIGN=RIGHT></TD>
        <TD WIDTH=5% ALIGN=LEFT>&nbsp;</TD>
     <TD WIDTH=15% ALIGN=RIGHT>&nbsp;</TD><TD WIDTH=9% ALIGN=RIGHT></TD>
        <TD WIDTH=2% ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Net Loss</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT"> (1,925</TD>
        <TD ALIGN="LEFT">)</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT"> (5,871</TD>
        <TD ALIGN="LEFT">)</TD></TR>



<TR>
      <TD>&nbsp; </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Adjustments to reconcile net loss to net cash</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>used in operating activities:</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Depreciation and amortization</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">405</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">626</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Stock Issued to founder</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>200</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>200</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Stock Issued for consulting</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">--</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">200</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Change in inventories</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>75</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(425</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Change in accounts payable</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">(2,481</TD>
        <TD ALIGN="LEFT">)</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">2,839</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Change in payable to shareholder</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>440</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>1325</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>


<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>

<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">(3,060</TD>
        <TD ALIGN="LEFT">)</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">(880</TD>
        <TD ALIGN="LEFT">)</TD></TR>



<TR>
      <TD> &nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH FLOWS FROM INVESTING ACTIVITIES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Purchase of fixed assets</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(93</TD>
        <TD ALIGN=LEFT>)</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(2,501</TD>
        <TD ALIGN=LEFT>)</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Net cash used in investing activities</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(93</TD>
        <TD ALIGN=LEFT>)</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>(2,501</TD>
        <TD ALIGN=LEFT>)</TD></TR>





<TR>
      <TD> &nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH FLOWS FROM FINANCING ACTIVITIES</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Proceeds from issuance of common stock</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>6,650</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>6,650</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">&nbsp;Proceeds from capital contributions</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">--</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">350</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Net cash provided by financing activities</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>6,650</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>7,000</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>



<TR>
      <TD> &nbsp;</TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD>
      <TD> </TD></TR>


<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">INCREASE IN CASH</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">3,271</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">3,393</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>CASH AT BEGINNING OF PERIOD</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>122</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">CASH AT END OF PERIOD</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">  3,393</TD>
        <TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">  3,393</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR>
     <TD COLSPAN=9><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>SUPPLEMENTAL INFORMATION</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Interest paid</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Income taxes paid</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>&nbsp;Stock issued for accounts payable</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>--</TD>
        <TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>  2,539</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
</TABLE>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 10; page: 10" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F-13 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CAPE COASTAL TRADING
CORPORATION<BR>(A DEVELOPMENT STAGE COMPANY)<BR>NOTES TO FINANCIAL
STATEMENTS<BR>(UNAUDITED)<BR>FOR THE PERIOD JANUARY
1, 2003, TO JUNE 30, 2003 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. Basis of Presentation </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The accompanying unaudited financial
statements have been prepared in accordance with accounting principles generally accepted
in the United States of America for interim financial information and pursuant to the
rules and regulations of the Securities and Exchange Commission. Accordingly, these
financial statements do not included all of the information and footnotes required by
accounting principles generally accepted in the United States of America for complete
financial statements. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The interim unaudited financial
statements contained herein includes, in management&#146;s opinion, all adjustments
(consisting of normal recurring adjustments) necessary for a fair presentation of the
Company&#146;s financial position, results of operation, and cash flows for the periods
presented. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The results of operation for the
interim period shown on this report are not necessarily indicative for a full year. These
financial statements should be read in conjunction with the Company&#146;s financial
statements and notes for the year ended December 31, 2002 included elsewhere in this
filing. </FONT></P>


<A NAME="changesanddis"> </A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
</font></p>
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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC has no changes in or
disagreements with our accountants on accounting and financial disclosure. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. Capital Stock </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>From January 2003 to March 2002, the
Company sold 66,500 shares of common stock at $.10 per share in a Regulation D offering. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3. Related Party
Transaction </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On March 15, 2003, the Board of
Directors authorized the issuance of 200,000 shares of common stock at $.001 par value to
an individual in consideration for $200.00. </FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>                  PART TWO: INFORMATION NOT REQUIRED ON PROSPECTUS</B></font></p>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>OTHER EXPENSES OF
ISSUANCE AND DISTRIBUTION </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The estimated costs of this offering
are as follows: </FONT></P>



<TABLE align=left CELLPADDING=1 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD WIDTH="80%" ALIGN="LEFT">Securities and Exchange Commission Registration Fee</TD>
     <TD WIDTH="1%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="3%" ALIGN="LEFT">&nbsp;</TD>
     <TD WIDTH="14%" ALIGN="RIGHT">$</TD><TD WIDTH="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40</TD>
        <TD WIDTH="1%" ALIGN="LEFT">.72</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Federal taxes</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>0</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">State taxes and fees</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">&nbsp;</TD><TD ALIGN="RIGHT">0</TD>
        <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Transfer agent fees</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>&nbsp;</TD><TD ALIGN=RIGHT>0</TD>
        <TD ALIGN=LEFT>&nbsp;</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Accounting fees &amp; expenses</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">    3,000</TD>
        <TD ALIGN="LEFT">.00</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Legal fees &amp; expenses</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    1,500</TD>
        <TD ALIGN=LEFT>.00</TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">Blue Sky fees &amp; expenses</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">      300</TD>
        <TD ALIGN="LEFT">.00</TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT>Miscellaneous</TD><TD ALIGN=LEFT>&nbsp;</TD><TD ALIGN=LEFT>&nbsp;</TD>
     <TD ALIGN=RIGHT>$</TD><TD ALIGN=RIGHT>    1,000</TD>
        <TD ALIGN=LEFT>.00</TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#C0C0C0">
     <TD ALIGN="LEFT">TOTAL</TD><TD ALIGN="LEFT">&nbsp;</TD><TD ALIGN="LEFT">&nbsp;</TD>
     <TD ALIGN="RIGHT">$</TD><TD ALIGN="RIGHT">    5,840</TD>
        <TD ALIGN="LEFT">.72</TD></TR>

<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=2></TD></TR>

</TABLE>



<p><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br></P>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All amounts are estimates other than the
Commission&#146;s Registration Fee. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC is paying all expenses of the
Offering listed above. No portion of these expenses will be borne by the selling
shareholders. The selling shareholders, however, will pay any other expenses incurred in
selling their common stock, including any brokerage commissions or costs of sale. </FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>RECENT SALES OF
UNREGISTERED SECURITIES</B> </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CCTC issued 1,800,000 shares of
common stock on September 15, 2002 to Mr. Kwajo M. Sarfoh in exchange for $2,539.00 of
capital contributed to CCTC to fund general business operations. CCTC therefore valued the
common shares of CCTC at approximately $.00115 per share and recorded the value on its
books at $2,539.00. Additionally, the Board of Directors authorized the issuance of
200,000 shares of common stock at $.001 par value to Trae O. High for consulting services
provided to the Company amounting to $200.00. Additionally, effective on March 15, 2003,
the Board of Directors authorized the issuance of 200,000 shares of common stock at $.001
par value to David Loev in consideration for $200.00. Mr. Loev, along with Mr. Sarfoh and
Mr. High, is a founder of CCTC. The authorization and issuance to Mr. Loev relate back and
are effective September 15, 2002, the date the Board of Directors authorized the issuance
of shares to its other founders. </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>From January 2003 to March 2003, CCTC
completed an Offering of 66,500 shares of its common stock at a price of $0.10 per share
to a total of 18 purchasers. The last subscription for shares in this Offering was
completed on March 31, 2002. The total amount received from this Offering was $6,650.00.
All of the above offerings and sales were deemed to be exempt under Rule 506 of Regulation
D and section 4(2) of the Securities Act of 1933, as amended. No advertising or general
solicitation was employed in offering the securities. The offerings and sales were made to
a limited number of persons and the company made independent determinations that all of
these persons were sophisticated investors, and that they were capable of analyzing the
merits and risks of their investment. </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In particular, our company confirmed
that with respect to the exemption claimed under Rule 506 D and section 4(2) of the
Securities Act of 1933, that: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Each purchaser referred to gave written assurance of investment intent without a
               view for resale and certificates for shares sold to each purchaser bear a legend
               consistent with such investment intent and restricting transfer: </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Sales were made to a limited number of persons. No general solicitation to the
               public was made in connection with such sales; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Each purchaser represented in writing that they had sufficient sophistication to
               evaluate the investment and could afford to lose their entire investment without
               adversely affecting their lifestyle; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               Neither our company nor any person acting on our behalf offered or sold shares
               by means of any form of general solicitation or general advertising; </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(v) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               The purchasers represented in writing that they acquired the shares for their
               own accounts. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
               <TR VALIGN=TOP>
               <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(vi) </FONT></TD>
               <TD WIDTH=75%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               shareholders have been placed on notice that their securities will need to be
               sold in compliance with Rule 144 of the Act, and may not be transferred
               otherwise. </FONT></TD>
               </TR>
               </TABLE>
               <BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBITS </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TD WIDTH=20% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 3.1</FONT></TD>
     <TD WIDTH=80% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Articles of Incorporation*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 3.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bylaws*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 4</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Share Certificate*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 6</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Subscription Agreement*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.2</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion and Consent of Legal Counsel</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.c</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration Rights Agreement*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.c1</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Thomas Leger &amp; Co. L.L.P., Certified Public Accountants*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.13</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Website Contract*</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99.13</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>HostPC Contract*</FONT></TD></TR>
</TABLE>



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<P>_________________ </P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>* </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Incorporated by reference to Registration Statement on Form SB-2 filed with the Securities
and Exchange Commission, Registration Statement No. 333-105393, on May 20, 2003 and
amended September 23, 2003. </FONT></TD>
</TR>
</TABLE>
<BR>

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<A NAME=A148></A>
<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>UNDERTAKINGS</b> </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The undersigned registrant hereby
undertakes: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               To file, during any period in which offers or sales are being made, a
               post-effective amendment to this Registration Statement: </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               to include any prospectus required by Section 10(a)(3) of the Securities Act of
               1933; </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               to reflect in the prospectus any facts or events which, individually or
               together, represent a fundamental change in the information in the registration
               statement. Notwithstanding the foregoing, any increase or decrease in volume of
               securities offered (if the total dollar value of securities offered would not
               exceed that which was registered) and any deviation from the low or high end of
               the estimated maximum offering range may be reflected in the form of prospectus
               filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
               changes in the volume and rise represent no more than a 20% change in the
               maximum aggregate offering price set forth in the &#147;Calculation of
               Registration Fee&#148; table in the effective registration statement; and </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=85%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               to include any material information with respect to the plan of distribution not
               previously disclosed in this Registration Statement or any material changes as
               such information in the Registration Statement. </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2. </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          That for the purpose of determining any liability under the Securities Act, such
          post-effective amendment shall be deemed to be a new Registration Statement
          relating to the securities offered herein, and the offering of such securities
          at the time shall be deemed to be the initial bona fide offering thereof. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3. </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               To remove from registration by means of a post-effective amendment any of the
               securities being registered hereby which remain unsold at the termination
of the Offering.</font></p></td></tr>
               </TABLE>
               <BR>


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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4. </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          To file during any period in which we offer or sell securities, a post effective
          amendment to this registration statement, to reflect in the prospectus any facts
          or events which, or individually or together, represent a fundamental change in
          the information in the registration statement. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5. </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          In the event that a claim for indemnification against such liabilities (other
          than the payment by the small business issuer or expenses incurred or paid by a
          director, officer or controlling person of the small business issuer in the
          successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the small business issuer will, unless in the opinion of its counsel
          the matter has been settled by controlling precedent, submit to a court of
          appropriate jurisdiction the question whether such indemnification by it is
          against public policy as expressed in the Securities Act and will be governed by
          the final adjudication of such issue. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

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     <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
          <TR VALIGN=TOP>
          <TD ALIGN=RIGHT WIDTH=9%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>6. </FONT></TD>
          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
          <TD WIDTH=88%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 (the &#147;Act&#148;) may be permitted to directors, officers and
          controlling persons of the small business issuer pursuant to the foregoing
          provisions, or otherwise, the small business issuer has been advised that in the
          opinion of the Securities and Exchange Commission such indemnification is
          against public policy as expressed in the Act and is, therefore, unenforceable. </FONT></P></TD>
          </TR>
          </TABLE>
          <BR>

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<A NAME=A149></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>31. SIGNATURES </FONT></P>

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<A NAME=A150></A>
<P ALIGN=CENTEr><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>SIGNATURES</b> </FONT></P>

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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In accordance with the requirements
of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to
believe that it meets all the requirements of filing on Form SB-2 and authorizes this
Registration Statement, Amendment No. 1 on Form SB-2/A, (to be signed on its&#146; behalf
by the undersigned in the City of New York, State of New York, November 10, 2003. </FONT></P>

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<TABLE align=left WIDTH=50% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>CAPE COASTAL TRADING CORPORATION.</b><BR><BR>
<BR>/S/ Kwajo M. Sarfoh<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Kwajo M. Sarfoh, President<br><br>Date: November 10, 2003</FONT></TD>
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<P align=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In accordance with the requirements
of the Securities Act of 1933, this registration statement was signed by the following
persons in the capacities and on the dates stated. </FONT></P>


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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;<BR><BR>
<BR>/S/ Kwajo M. Sarfoh<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Kwajo M. Sarfoh, CFO, President, Director, Treasurer, Controller<br><br>Date: November 10, 2003</FONT></TD>
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<TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;<BR><BR>
<BR>/S/ Trae O. High<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Trae O. High, Director, Vice President, Secretary<br><br>Date: November 10, 2003</FONT></TD>
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