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<SEC-DOCUMENT>0001013176-01-000116.txt : 20010409
<SEC-HEADER>0001013176-01-000116.hdr.sgml : 20010409
ACCESSION NUMBER:		0001013176-01-000116
CONFORMED SUBMISSION TYPE:	10KSB
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001231
FILED AS OF DATE:		20010402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SICLONE INDUSTRIES INC
		CENTRAL INDEX KEY:			0001083446
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				87042699
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10KSB
		SEC ACT:		
		SEC FILE NUMBER:	000-25809
		FILM NUMBER:		1588829

	BUSINESS ADDRESS:	
		STREET 1:		6269 JAMESTOWN COURT
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84121
		BUSINESS PHONE:		801-566-6627

	MAIL ADDRESS:	
		STREET 1:		6269 JAMESTOWN COURT
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84121
</SEC-HEADER>
<DOCUMENT>
<TYPE>10KSB
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>SICLONE INDUSTRIES 10-KSB 12-31-2000
<TEXT>


               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                           Form 10-KSB
        Annual Report Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
(Mark One)
[ X ]     Annual report pursuant to section 13 or 15(d) of the
     Securities Exchange Act of 1934
     For the fiscal year ended December 31, 2000

[   ]     Transition report under section 13 or 15(d) of the
     Securities Exchange Act of 1934
     For the transition period from _____ to ______

                Commission File Number 000-25809

                    SICLONE INDUSTRIES, INC.
         (Name of small business issuer in its charter)

           Delaware                         87-042699
(State or other jurisdiction of    (IRS Employer Identification
incorporation or organization)                 No.)


        6269 Jamestown Court, Salt Lake City, Utah  84121
            (Address of principal executive offices)

Issuer's telephone number, including area code 801-566-6627

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

Securities registered under Section 12(g) of the Exchange Act:

                 Common Stock, par value $0.001
                        (Title of class)

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

Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-B is contained in this form, and no
disclosure will be contained, to the best of the registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this form 10-KSB or any
amendment to this Form 10-KSB. [    ]

The issuer's revenue for its most recent fiscal year was: $-0-.

The aggregate market value of the issuer's voting stock held as
of March 20,1000, by non-affiliates of the issuers was $-0-.
There was no active trading market and no quote for Siclone
Industries, Inc. during fiscal year 2000, therefore the value is
deemed to be $-0-.

As of March 27, 2001, the issuer had 23,810,000 shares of its
$.001 par value common stock outstanding.

Transitional Small Business Format:   Yes [   ]   No [ X ]

Documents incorporated by reference: none

<PAGE>
                             PART I

Item 1.  Description of Business.

     Siclone Industries, Inc., ("Siclone" or the "Company") was
originally incorporated in Delaware on November 1, 1985 as
McKinnely Investments, Inc.  The company changed its name to
Accoline Industries, Inc. on November 5, 1986 and again changed
its name to Siclone Industries, Inc. on May 24, 1988.

     The Company has not had active business operations since its
inception and is considered a development stage company.  In
1993, the Company entered into an agreement with Bradley S.
Shepherd in which Mr. Shepherd agreed to become an officer and
director of the Company and use his best efforts to organize and
update the books and records of the Corporation and seek business
opportunities for acquisition or participation by the Company.

      The Company intends to seek, investigate, and if warranted,
acquire an interest in a business opportunity.  The Company does
not propose to restrict its search for a business opportunity to
any particular industry or geographical area and may, therefore,
engage in essentially any business in any industry.  The Company
has unrestricted discretion in seeking and participating in a
business opportunity, subject to the availability of such
opportunities, economic conditions and other factors.

     The selection of a business opportunity in which to
participate is complex and extremely risky and will be made by
management in the exercise of its business judgment.  There is no
assurance that the Company will be able to identify and acquire
any business opportunity which will ultimately prove to be
beneficial to the Company and its shareholders.

     The activities of the Company are subject to several
significant risks which arise primarily as a result of the fact
that the Company has no specific business and may acquire or
participate in a business opportunity based on the decision of
management which will, in all probability, act without the
consent, vote, or approval of the Company's shareholders.

Sources of Opportunities

     It is anticipated that business opportunities may be
available to the Company from various sources, including its
officers and directors, professional advisers, securities broker-
dealers, venture capitalists, members of the financial community,
and others who may present unsolicited proposals.

     The Company will seek a potential business opportunity from
all known sources, but will rely principally on personal contacts
of its officers and directors as well as indirect associations
between them and other business and professional people.
Although the Company does not anticipate engaging professional
firms specializing in business acquisitions or reorganizations,
if management deems it in the best interests of the Company, such
firms may be retained.  In some instances, the Company may
publish notices or advertisements seeking a potential business
opportunity in financial or trade publications.

Criteria

     The Company will not restrict its search to any particular
business, industry or geographical location.  The Company may
acquire a business opportunity or enter into a business in any
industry and in any stage of development.  The Company may enter
into a business or opportunity involving a "start up" or new
company.  The Company may acquire a business opportunity in
various stages of its operation.

                                2
<PAGE>

     In seeking a business venture, the decision of management of
the Company will not be controlled by an attempt to take
advantage of an anticipated or perceived appeal of a specific
industry, management group, or product or industry, but will be
based upon the business objective of seeking long-term capital
appreciation in the real value of the Company.

     In analyzing prospective business opportunities, management
will consider such matters as the available technical, financial
and managerial resources; working capital and other financial
requirements; the history of operations, if any; prospects for
the future; the nature of present and expected competition; the
quality and experience of management services which may be
available and the depth of the management; the potential for
further research, development or exploration; the potential for
growth and expansion; the potential for profit; the perceived
public recognition or acceptance of products, services, trade or
service marks, name identification; and other relevant factors.

     Generally, the Company will analyze all available factors in
the circumstances and make a determination based upon a composite
of available facts, without reliance upon any single factor as
controlling.

Methods of Participation of Acquisition

     Specific business opportunities will be reviewed and, on the
basis of that review, the legal structure or method of
participation deemed by management to be suitable will be
selected.  Such structures and methods may include, but are not
limited to, leases, purchase and sale agreements, licenses, joint
ventures, other contractual arrangements, and may involve a
reorganization, merger or consolidation transaction.  The Company
may act directly or indirectly through an interest in a
partnership, corporation, or other form of organization.

Procedures

     As part of the Company's investigation of business
opportunities, officers and directors may meet personally with
management and key personnel of the firm sponsoring the business
opportunity, visit and inspect material facilities, obtain
independent analysis or verification of certain information
provided, check references of management and key personnel, and
conduct other reasonable measures.

     The Company will generally request that it be provided with
written materials regarding the business opportunity containing
such items as a description of product, service and company
history; management resumes; financial information; available
projections with related assumptions upon which they are based;
an explanation of proprietary products and services; evidence of
existing patents, trademarks or service marks or rights thereto;
present and proposed forms of compensation to management; a
description of transactions between the prospective entity and
its affiliates; relevant analysis of risks and competitive
conditions; a financial plan of operation and estimated capital
requirements; and other information deemed relevant.

Competition

     The Company expects to encounter substantial competition in
its efforts to acquire a business opportunity.  The primary
competition is from other companies organized and funded for
similar purposes, small venture capital partnerships and
corporations, small business investment companies and wealthy
individuals.

                                3
<PAGE>

Employees

     The Company does not currently have any employees but relies
upon the efforts of its officers and directors to conduct the
business of the Company.

Item 2.  Description of Property.

     The Company does not currently own any property.  The
Company utilizes office space in the residence of Bradley S.
Shepherd at no cost.  Until such time as the Company pursues a
viable business opportunity and recognizes income, it will not
seek independent office space.

Item 3.  Legal Proceedings.

     No legal proceedings are threatened or pending against the
Company or any of its officers or directors.  Further, none of
the Company's officers or directors or affiliates of the Company
are parties against the Company or have any material interests in
actions that are adverse to the Company's interests.

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

     No matters were submitted during the fourth quarter of the
fiscal year covered by this report to a vote of security holders.

                             PART II

Item 5.  Market for Common Equity and Related Stockholder
Matters.

     As of March 27, 2001, the Company had 281 shareholders
holding 23,810,000 shares of common stock.  Of the issued and
outstanding common stock, 1,110,000 are free trading, the balance
are restricted stock as that term is used in Rule 144.

     The Company has never declared a dividend on its Common
Stock. The last bid for the Company's common stock was in June
1990 and the stock has not actively traded since that time. The
Company has not paid, nor declared, any dividends since its
inception and does not intend to declare any such dividends in
the foreseeable future. The Company's ability to pay dividends is
subject to limitations imposed by Delaware law. Under Delaware
law, dividends may be paid to the extent that the corporation's
assets exceed its liabilities and it is able to pay its debts as
they become due in the usual course of business.

Item 6.  Management's Discussion and Analysis or Plan of
Operation.

     The Company has little cash and has experienced losses from
inception. As of December 31, 2000, the Company had $740 cash on
hand.  As of that date, the Company had $11,293 in accounts
payable. The Company has no material commitments for capital
expenditures for the next twelve months.

     As of the date of this report, the Company has yet to
generate positive cash flow. Since inception, the Company has
primarily financed its operations through the sale of common
stock. The Company believes that its current cash needs can be
met with the cash on hand for at least the next twelve months.
However, should the Company obtain a business opportunity, it may
be necessary to raise additional capital. This may be
accomplished by selling common stock of the Company.

                                4
<PAGE>

     Management of the Company intends to actively seek business
opportunities for the Company during the next twelve months.

Item 7.  Financial Statements.

     The financial statements of the Company appear at the end of
this report beginning with the Index to Financial Statements on
page F-1.

Item 8.  Changes In and Disagreements with Accountants on
Accounting and Financial Disclosure.

     None.

                            PART III

Item 9.  Directors, Executive Officers, Promoters and Control
Persons; Compliance With Section 16(a) of the Exchange Act.

     The following table sets forth the name, age, position and
office term of each executive officer and director of the
Company.

Name                  Age   Positions              Since

Bradley S. Shepherd   40    Director, President,   February 1993
                            Secretary/Treasurer

     All directors serve until the next annual stockholders
meeting or until their successors are duly elected and qualified.
All officers serve at the discretion of the Board of Directors.

     Set forth below is certain biographical information
regarding the Company's executive officer and director:

     Bradley S. Shepherd, Director, President,
Secretary/Treasurer.  Mr. Shepherd is the owner and manager of
Shepherd's Allstar Lanes, Inc., a bowling center, restaurant, and
lounge located in West Jordan, Utah.  After managing the business
for three years, Mr. Shepherd purchased the business in June of
1993. Mr. Shepherd also manages and is trustee for the Roger L.
Shepherd Family Trust, which owns and leases commercial office
and warehouse buildings and residential properties in the Salt
Lake City area.

     Other Reporting Company Activities.  Bradley S. Shepherd is
currently an officer and director of Patriot Investment
Corporation, a reporting company, which is seeking to acquire a
business opportunity.  The possibility exists that Mr. Shepherd
could become an officer and/or director of other reporting
companies in the future, although he has no intention of doing so
at the present time.  Certain conflicts of interest are inherent
in the participation of the Company's officer and director as
management in other reporting companies, which may be difficult,
if not impossible, to resolve in all cases in the best interests
of the Company.  Failure by management to conduct the Company's
business in its best interests may result in liability of
management of the Company to the shareholders.

Item 10.  Executive Compensation

     The Company's officers and directors do not receive any
compensation for services rendered to the Company, have not
received such compensation in the past, and is not accruing any
compensation

                                5
<PAGE>

pursuant to any agreement with the Company.  The officers and
directors of the Company will not receive any finder's fee from
the Company as a result of their efforts to implement the
Company's business plan outlined herein.  However, the officers
and directors of the Company anticipate receiving benefits as
beneficial shareholders of the Company's common stock.

     No retirement, pension, profit sharing, stock option or
insurance programs or other similar programs have been adopted by
the Company for the benefit of its employees.

Employment Contracts and Termination of Employment and Change in
Control Arrangement.

     There are no compensatory plans or arrangements, including
payments to be received from the Company, with respect to any
person named in Cash Compensation set out above which would in
any way result in payments to any such person because of his
resignation, retirement, or other termination of such person's
employment with the Company or its subsidiaries, or any change in
control of the Company, or a change in the person's
responsibilities following a change of control of the Company.

Item 11.  Security Ownership of Certain Beneficial Owners and
Management.

     The following table sets forth as of March 27, 2001, the
number and percentage of the 23,810,000 shares of outstanding
common stock which, according to the information supplied to the
Company, were beneficially owned by (i) each person who is
currently a director of the Company, (ii) each executive officer,
(iii) all current directors and executive officers of the Company
as a group and (iv) each person who, to the knowledge of the
Company, is the beneficial owner of more than 5% of the
outstanding common stock.  Except as otherwise indicated, the
persons named in the table have sole voting and dispositive power
with respect to all shares beneficially owned, subject to
community property laws where applicable.

Name and Address             Amount              Percentage

Bradley S. Shepherd (1)    12,000,000               50.40
6269 Jamestown Court
Salt Lake City, UT  84121

Officers, Directors and    12,000,000               50.40
Nominees as a Group:
1 person

(1) Officer and/or director.

Item 12.  Certain Relationships and Related Transactions.

     The Company utilizes office space at the residence of Mr.
Shepherd to conduct its activities at no charge to the Company.

     During 2000, the Company's president loaned $5,200 to cover
operating expenses.  The amount is non-interest bearing and due
on demand.

                                6
<PAGE>

Item 13.  Exhibits and Reports on Form 8-K.

Reports on Form 8-K

      No reports on Form 8-K were filed during the quarter ended
December 31, 2000.

Exhibits

     None

                           SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act,
the registrant caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                              SICLONE INDUSTRIES, INC.

Date: March 29, 2001          By:/s/ Bradley S. Shepherd
                              President, Secretary & Treasurer


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


Date: March 29, 2001               By: /s/ Bradley S. Shepherd
                                          Director


                                7
<PAGE>

                        C O N T E N T S


Independent Auditors' Report                                 F-2

Balance Sheet                                                F-3

Statements of Operations                                     F-4

Statements of Stockholders' Equity (Deficit)                 F-5

Statements of Cash Flows                                     F-9

Notes to the Financial Statements                           F-10


                               F-1
<PAGE>
                  INDEPENDENT AUDITORS' REPORT

Board of Directors
Siclone Industries, Inc.
(A Development Stage Company)
Salt Lake City, Utah

We  have  audited  the  accompanying  balance  sheet  of  Siclone
Industries, Inc. (a development stage company) as of December 31,
2000  and  the  related  statements of operations,  stockholders'
equity (deficit) and cash flows for the years ended December  31,
2000  and  1999  and from inception of the development  stage  on
November  1,  1985  through December 31, 2000.   These  financial
statements  are  the responsibility of the Company's  management.
Our  responsibility is to express an opinion on  these  financial
statements based on our audits.

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

In  our  opinion,  the  financial statements  referred  to  above
present  fairly, in all material respects, the financial position
of  Siclone Industries, Inc. (a development stage company) as  of
December 31, 2000 and the results of its operations and its  cash
flows  for  the  years ended December 31,2000 and 1999  and  from
inception  of  the development stage on November 1, 1985  through
December   31,  2000,  in  conformity  with  generally   accepted
accounting principles.

The accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern.  As discussed  in
Note  3  to  the financial statements, the Company  has  suffered
recurring  losses  from operations and has no  operating  capital
that  together  raise  substantial doubt  about  its  ability  to
continue  as  a going concern.  Management's plans in  regard  to
these  matters  are  also described in  Note  3.   The  financial
statements do not include any adjustments that might result  from
the outcome of this uncertainty.


HJ & Associates, LLC
Salt Lake City, Utah
March 19, 2001

                               F-2
<PAGE>

                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
                         Balance Sheet


                             ASSETS

                                                     December 31,
                                                     2000
CURRENT ASSETS

  Cash                                                 $      740

     Total Current Assets                                     740

     TOTAL  ASSETS                                     $      740


         LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

  Accounts payable                                     $    1,093
  Accounts payable - related party (Note 2)                10,200

      Total Liabilities                                    11,293

STOCKHOLDERS' EQUITY (DEFICIT)

  Preferred stock: 5,000,000 shares authorized at
   $0.001 par value; -0- shares issued and outstanding          -
  Common stock: 30,000,000 shares authorized
   at  $0.001 par value; 23,810,000 shares issued and
   outstanding                                             23,810
  Additional paid-in capital                              583,693
  Deficit accumulated during the development stage       (618,056)

     Total Stockholders' Equity (Deficit)                 (10,553)
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)  $      740

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


                               F-3
<PAGE>


                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
                    Statements of Operations


                                                    From
                                                    Inception on
                                                    November 1,
                            For the Years Ended     1985 through
                            December 31,            December 31,
                            2000          1999       2000

REVENUES                    $        -   $      -   $       -

EXPENSES                        (5,451)     (9,343)   (22,553)

LOSS FROM DISCONTINUED
 OPERATIONS                           -          -   (595,503)

NET LOSS                    $   (5,451)  $  (9,343)$ (618,056)

BASIC LOSS PER SHARE        $    (0.00)  $   (0.00)

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


                               F-4
<PAGE>


                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
          Statements of Stockholders' Equity (Deficit)
                                                                        Deficit
                                                                     Accumulated
                                                         Additional   During the
                                     Common Stock         Paid-in    Development
                                   Shares    Amount       Capital       Stage
Balance,
 November 1, 1985                       -   $       -   $        -   $       -

Issuance of 500,000 shares
 of common stock to Officers
 and Directors for cash on
 November 1, 1985 at
 $0.02 per share                  500,000         500        9,500            -

Cancellation of 140,000
 shares on February 7, 1986      (140,000)       (140)         140            -

Cancellation of 300,000 shares
 on October 1, 1986              (300,000)       (300)         300            -

Issuance of 1,000,000 shares
 of common stock to the public
 offered March 26, 1986 at
 $0.10 per share                1,000,000       1,000       99,000            -

Deferred offering costs
 offset against additional
 paid-in capital                        -           -      (18,678)           -

Issuance of 10,700,000
 shares of common stock
 October 10, 1986 at $0.05
 per share                     10,700,000      10,700      483,251

Issuance of 50,000 shares
 for promotional services at
 $0.001 per share                  50,000          50            -            -

Accumulated losses from
 formation on November 1, 1985
 through December 31, 1987               -          -            -     (502,196)

Balance,
 December 31, 1987              11,810,000   $ 11,810    $ 573,513   $ (502,196)

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


                               F-5
<PAGE>
                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
    Statements of Stockholders' Equity (Deficit) (Continued)
                                                                      Deficit
                                                                     Accumulated
                                                         Additional   During the
                                     Common Stock         Paid-in    Development
                                 Shares       Amount      Capital      Stage
Balance,
 December 31, 1987            11,810,000   $    11,810   $ 573,513   $ (502,196)
Net loss for the year ended
  December 31, 1988                     -            -           -      (92,783)

Balance,
  December 31, 1988            11,810,000       11,810     573,513     (594,979)
Cash contributed to additional
 paid-in capital                        -            -      10,180            -

Net loss for the year ended
  December 31, 1989                     -            -           -         (524)

Balance,
  December 31, 1989            11,810,000       11,810     583,693     (595,503)

Net loss for the year ended
  December 31, 1990                     -            -           -            -

Balance,
  December 31, 1990            11,810,000       11,810     583,693     (595,503)

Net loss for the year ended
  December 31, 1991                     -            -           -         (758)

Balance,
  December 31, 1991            11,810,000   $   11,810   $ 583,693   $ (596,261)

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


                               F-6
<PAGE>
                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
    Statements of Stockholders' Equity (Deficit) (Continued)
                                                                       Deficit
                                                                     Accumulated
                                                          Additional  During the
                                      Common Stock         Paid-in   Development
                                  Shares        Amount     Capital      Stage
Balance,
 December 31, 1991              11,810,000   $   11,810   $ 583,693  $ (596,261)

Net loss for the year ended
  December 31, 1992                      -            -           -        (651)

Balance,
  December 31, 1992             11,810,000       11,810     583,693    (596,912)

Issuance of 1,000,000 shares
 of common stock to officer for
 cash June 7, 1993 at $0.001
 per share                        1,000,000       1,000           -           -

Net loss for the year ended
  December 31, 1993                       -           -           -      (2,513)

Balance,
 December 31, 1993               12,810,000      12,810     583,693    (599,425)

Net loss for the year ended
 December 31, 1994                        -           -           -           -

Balance,
 December 31, 1994               12,810,000      12,810     583,693    (599,425)

Issuance of 11,000,000 shares
 of common stock to officer for
 cash at $0.001 per share        11,000,000      11,000           -           -

Net loss for the year ended
 December 31, 1995                        -           -           -        (438)

Balance,
 December 31, 1995               23,810,000   $  23,810   $ 583,693   $(599,863)

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


                               F-7
<PAGE>
                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
    Statements of Stockholders' Equity (Deficit) (Continued)
                                                                     Deficit
                                                                    Accumulated
                                                        Additional  During the
                                   Common Stock          Paid-in    Development
                                 Shares     Amount       Capital      Stage
Balance,
 December 31, 1995            23,810,000   $  23,810   $ 583,693   $  (599,863)

Net loss for the year ended
 December 31, 1996                     -           -           -        (1,256)

Balance,
 December 31, 1996            23,810,000      23,810     583,693      (601,119)

Net loss for the year ended
 December 31, 1997                     -           -           -        (1,373)

Balance,
 December 31, 1997            23,810,000      23,810     583,693      (602,492)

Net loss for the year ended
 December 31, 1998                     -           -           -          (770)

Balance,
 December 31, 1998            23,810,000      23,810     583,693      (603,262)

Net loss for the year ended
 December 31, 1999                     -           -           -        (9,343)

Balance,
 December 31, 1999            23,810,000      23,810     583,693      (612,605)

Net loss for the year ended
 December 31, 2000                     -           -           -        (5,451)

Balance,
 December 31, 2000            23,810,000   $  23,810   $ 583,693   $  (618,056)

The accompanying notes are an integral part of these financial statements
                                                       .
                             F-8
<PAGE>

                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
                    Statements of Cash Flows
<TABLE>
<CAPTION>
                                                                            From
                                                                        Inception on
                                                                         November 1,
                                                 For the Years Ended    1985 through
                                                      December 31,        December 31,
                                                    2000         1999          2000
<S>                                               <C>         <C>          <C>
OPERATING ACTIVITIES:

  Net loss                                        $  (5,451)  $  (9,343)  $ (618,056)
  Adjustments to reconcile net loss to net
   cash provided (used) by operating activities:
    Shares issued for services                            -           -           50
  Changes in operating assets and liabilities:
    Increase in accounts payable
     and accounts payable - related party             6,013       5,280       11,293

     Net Cash Provided (Used) by
      Operating Activities                              562      (4,063)    (606,713)

INVESTING ACTIVITIES:                                     -           -            -

FINANCING ACTIVITIES:

  Additional capital contributed                          -           -       10,180
  Stock offering costs                                    -           -      (18,678)
  Issuance of common stock                                -           -      615,951

     Net Cash Provided by Financing Activities            -           -      607,453

INCREASE (DECREASE) IN CASH AND
  CASH EQUIVALENTS                                      562      (4,063)         740

CASH AT BEGINNING OF PERIOD                             178       4,241            -

CASH AT END OF PERIOD                            $      740   $     178   $      740
CASH PAID FOR
  Interest                                       $        -   $       -   $        -
  Income taxes                                   $        -   $       -   $        -

SUPPLEMENTAL SCHEDULE OF
 NON-CASH FINANCING ACTIVITIES:

  Common stock issued for services               $        -   $       -   $      50
</TABLE>

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


                               F-9
<PAGE>
                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
               Notes to the Financial Statements
                  December 31, 2000 and 1999


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       a. Organization

       The  Company was incorporated in the State of Delaware  on
       November  1,  1985  under the name McKinnely  Investments,
       Inc.   In  November 1986, the Company changed its name  to
       Acculine  Industries, Incorporated  and  in  May  1988  to
       Siclone Industries, Inc.

       The  Company was incorporated for the purpose of providing
       a  vehicle, which could be used to raise capital and  seek
       business opportunities.

       b. Accounting Method

       The  Company's financial statements are prepared using the
       accrual  method of accounting.  The Company has elected  a
       calendar year end.

       c. Cash and Cash Equivalents

       Cash   equivalents  include  short-term,   highly   liquid
       investments  with maturities of three months  or  less  at
       the time of acquisition.

       d. Basic Loss Per Share

       The  computations of basic loss per share of common  stock
       are  based  on  the  weighted  average  number  of  shares
       outstanding during the period.

                                                     For the Year Ended
                                                     December 31,   2000
                                      Loss            Shares        Per Share
                                   (Numerator)     (Denominator)        Amount

                                 $   (5,451)         23,810,000     $(0.00)

                                                     For the Year Ended
                                                     December 31, 1999
                                      Loss             Shares      Per Share
                                   (Numerator)     (Denominator)     Amount

                                 $   (9,343)         23,810,000    $(0.00)


                              F-10
<PAGE>

                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
               Notes to the Financial Statements
                   December 31, 2000 and 1999


NOTE  1  - SUMMARY OF SIGNIFICANT  ACCOUNTING POLICIES (Continued)

       e. Provision for Taxes

       At  December 31, 2000, the Company had net operating  loss
       carryforwards  of  approximately  $600,000  that  may   be
       offset  against  future taxable income through  2020.   No
       tax   benefit   has  been  reported  in  the  consolidated
       financial  statements  as the Company  believes  that  the
       carryforwards   will  expire  unused.   Accordingly,   the
       potential   tax   benefits  of  the  net  operating   loss
       carryforwards are offset by a valuation allowance  of  the
       same amount.

       The  income  tax benefit differs from the amount  computed
       at   federal  statutory  rates  of  approximately  38%  as
       follows:


                                                 For the Years Ended
                                                    December 31,
                                                   2000       1999

       Income tax benefit at statutory rate  $   2,071      $   3,550
       Change in valuation allowance            (2,071)        (3,550)

                                             $       -      $       -

       Deferred  tax  assets (liabilities) are comprised  of  the
       following:


                                               For the Years Ended
                                                  December  31,
                                              2000            1999

       Income tax benefit at statutory rate  $  234,000    $    232,000
       Change in valuation allowance           (234,000)       (232,000)

                                             $        -    $          -


       Due  to  the  change in ownership provisions  of  the  Tax
       Reform  Act of 1986, net operating loss carryforwards  for
       Federal  income  tax  reporting purposes  are  subject  to
       annual  limitations.  Should a change in ownership  occur,
       net  operating loss carryforwards may be limited as to use
       in future years.


                              F-11
<PAGE>

                    SICLONE INDUSTRIES, INC.
                 (A Development Stage Company)
               Notes to the Financial Statements
                   December 31, 2000 and 1999


NOTE  1  - SUMMARY OF SIGNIFICANT  ACCOUNTING POLICIES (Continued)

       f.  Use of Estimates

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

NOTE 2 - RELATED PARTY TRANSACTIONS

       During  1993, the Company's president  purchased 1,000,000
       shares  of  common  stock for $1,000.   During  1995,  the
       Company's  president  purchased an  additional  11,000,000
       shares of common stock for $11,000.

       During  1999,  the  Company's president loaned  $5,000  to
       cover  operating  expenses.  During  2000,  the  Company's
       president  loaned an additional $5,200 to cover  operating
       expenses.  The amount is non-interest bearing and  due  on
       demand.

NOTE 3 - GOING CONCERN

       The  Company's  financial statements  are  prepared  using
       generally accepted accounting principles applicable  to  a
       going  concern  which  contemplates  the  realization   of
       assets  and  liquidation  of  liabilities  in  the  normal
       course of business.  However, the Company has little  cash
       and   has  experienced  losses  from  inception.   Without
       realization of additional adequate financing, it would  be
       unlikely  for  the  Company  to  pursue  and  realize  its
       objectives.  The Company intends to seek a merger with  an
       existing  operating company.  In the interim,  an  officer
       of  the  Company  has committed to meeting  its  operating
       expenses.


                              F-12
<PAGE>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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