United States

Securities and Exchange Commission

Washington, D.C. 20549

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Form 10-KSB

[X] Annual Report Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

For the Fiscal Year Ended December 31, 1999

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

For the Transition Period from __________ to __________

Commission File Number 0-26691

(Exact Name of Registrant as Specified in its Charter)

Registrant's Telephone Number, Including Area Code: (702) 431-1848

Securities Registered Pursuant to Section 12(b) of the Act: NONE

Securities Registered Pursuant to Section 12(g) of the Act:

Common Stock, $0.001 par value per share, 25,000,000 shares authorized, 1,355,300 issued and outstanding as of December 31, 1999.

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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and will not be contained, to the best of 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 Company's stock is not, and has not, been traded or quoted. Therefore, there is no way to ascertain a market value for the stock.

The number of shares of Common Stock outstanding as of December 31, 1999 was 1,355,300.

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DOCUMENTS INCORPORATED BY REFERENCE

Sections of the registrant's definitive Proxy Statement for the

registrant's Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission, are incorporated by reference into Part III of this Report to the extent stated herein.

The following discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainties. The Company's actual results could differ significantly from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and in Item 7, "Management's Discussion and Analysis of Financial Condition."

PART I

ITEM 1 -- BUSINESS.

JobSort, Inc. ("Jobsort" or the "Company"), was organized by the filing of articles of incorporation with the Secretary of State of the State of Nevada on October 15, 1998. The Company is a developmental stage company with a principal business objective to provide an efficient two-way job matching databank that establishes a new method by which prospective employers and employees might make an optimal employment match. This service will be offered via a Company-owned website, www.jobsort.com, whereby both prospective employers and employees will have access. Initially, the Company will concentrate its efforts on the Las Vegas, Nevada job market.

The Company presently has two (2) part-time employees. The Company's employees are currently not represented by a collective bargaining agreement, and the Company believes that its relations with its employees are good.

The names, ages and positions of the Company's directors and executive officers are as follows:

Paige Gamble, President, CEO and Chairman - Ms. Gamble brings extensive business and marketing experience to the development of JobSort. Her expertise lies in both the domestic and international arenas of corporate marketing, product and service development, strategic planning and government contracting. Ms. Gamble, Director of Marketing, is responsible for global marketing at CashCode Company Inc. - a Toronto based manufacturer of bill validators. She oversees product marketing, advertising, market research, market development, and public relations. She plays a key role in developing the company's brand image and awareness.

Prior to joining CashCode in 1996, she was employed as the Marketing Manager at JCM Inc., one of the premier validator manufacturers in the world. At JCM, some of her clients/contacts included IGT, Bally, Powerhouse, Williams Gaming, Sigma and Brinks. Many of these companies are based in Nevada, or have a substantial presence in the state. Management of the Company believes that the contacts with these companies will be quite beneficial for JobSort. Previously, Ms. Gamble was in executive sales at Goodwill Temporary Services, one of the leading temporary and permanent job placement firms. She created a niche market for employment of individuals with disabilities - matching private, public and state agencies with qualified candidates.

Ms. Gamble completed her Bachelor of Arts degree in 1991 at Oregon State University, specializing in Industrial Business Communications in the school of Journalism. A Nevada resident for the past four years, she is knowledgeable of the economic growth that Nevada has experienced. Management of the Company believes that her experience with job placement has provided her direct insight into market needs and requirements of individuals and companies seeking an innovative alternative to current hiring practices.

Anna M. Lotter, Secretary, Treasurer and Director - Ms. Lotter received her B.A. from the University of Minnesota. She has over twelve years in sales and marketing experience in various areas of the hospitality industry. During her tenure in Las Vegas, Ms. Lotter worked as the Nevada Account Executive for one of the top gaming trade publications, Casino Executive. After building the Nevada account base, she moved on to work with a top supplier of In-Room Coffee to the Hotel Industry, Mr. Coffee Concepts. She has worked to build the Las Vegas market over the past year. Management of the Company believes that Ms. Lotter's experience gives her a clear understanding of the special needs of a city whose main revenue is derived from the hospitality industry. In addition, management believes that her involvement in customer service training, marketing and sales to the Gaming Industry has given her critical insight into the necessity of a good fit for both employer and employee. Additionally, the Company believes that Ms. Lotter's extensive networking in the Las Vegas market over the past three years will prove to be one of the key elements in the development and success of JobSort.

ITEM 2. PROPERTIES.

The Company's corporate headquarters are located at 5161 Blossom Avenue, Las Vegas, Nevada 89122. The office space is provided by an officer and director of the Company at no cost to the Company. The Company does not have any additional facilities. In addition, there are currently no proposed programs for the renovation, improvement or development of the property currently being utilized by the Company. Management believes this is currently suitable as the main administrative office and should remain so for the next approximately twelve (12) months.

ITEM 3 -- LEGAL PROCEEDINGS.

The Company is not subject to any legal proceedings.

ITEM 4 -- SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

PART II

ITEM 5 -- MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

The Company's common stock has been registered in a Form 10-SB filing with the Securities and Exchange Commission. Upon compliance and approval of the Form 10-SB filing the Company's shares will be registered under the Securities Act of 1933 (the "Act"). Upon compliance and approval of the Form 10-SB Section 12(g) filing the Company will seek to be listed on the NASD OTC Electronic Bulletin Board sponsored by the National Association of Securities Dealers, Inc.

The following table sets forth certain information as of the end of 1999, with respect to the beneficial ownership of the Company's Common Stock by all persons known by the Company to be beneficial owners of more than 5% of any such outstanding classes, and by each director and executive officer, and by all officers and directors as a group. Unless otherwise specified, the named beneficial owner has, to the Company's knowledge, either sole or majority voting and investment power.

Footnotes to Principal Shareholders:

1. The address of each executive officer and director is c/o 5161 Blossom Avenue, Las Vegas, Nevada 89122.
2. The address of MD Holdings, Inc. is c/o 2200 S. Fort Apache, #2052, Las Vegas, Nevada 89117.

As of March 10, 2000, there were 39 stockholders of record and approximately three (3) beneficial owners of the Company's common stock.

ITEM 6 -- MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

FORWARD LOOKING STATEMENTS

The statements contained in this report that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are made based upon management's current expectations and beliefs concerning future developments and their potential effects upon the Company. There can be no assurance that future developments affecting the Company will be those anticipated by management. Actual results may differ materially from those included in the forward-looking statements.

Readers are also directed to other risks and uncertainties discussed in other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise.

The Company was organized in October 15, 1998, and is considered to be a developmental stage company engaged in the business of providing employment services to the public and to leading corporations. The Company seeks to match prospective employees with prospective employers. The Company has a limited operating history and has not generated significant revenues from the services it provides. Jobsort's activities have been limited to start-up procedures. Consequently, the Company has incurred the expenses of such procedures. Future operating results will depend on many factors, including its ability to raise adequate working capital, demand for its services, the level of competition and its ability to satisfy governmental regulations and deliver company services while maintaining quality and controlling costs.

Management of the Company believes that the need for additional capital going forward will be derived somewhat from internal revenues and earnings generated from the sale of its services. If the Company is unable to generate revenues from its products and services, however, management believes the Company will need to raise additional funds to meet its cash requirements. It is the intent of the Company to seek to raise additional capital via a private placement offering, once the Company is trading on the OTC-BB. In the meantime, management of the Company plans to advance funds to the Company on an as-needed basis although there is no definitive or legally binding arrangement to do so. The Company currently has no arrangements or commitments for accounts and accounts receivable financing. There can be no assurance that any such financing can be obtained or, if obtained that it will be on reasonable terms. This is a development stage company. The Company believes that its initial revenues will be primarily dependent upon the Company's ability to cost effectively and efficiently provide an efficient two-way job matching databank that establishes a new method by which prospective employers and employees might make an optimal employment match. The Company designates as its priorities for the next twelve (12) months of operations as developing and marketing its services and web site to establish its business in the staffing industry. Realization of sales of the Company's services during the fiscal year ending December 31, 2000 is vital to its plan of operations. There are no guarantees that the Company will be able to Compete successfully or that the competitive pressures the Company may face will not have a material adverse effect on the Company's business, results of operations and financial condition. Additionally, a superior competitive service could force the Company out of business.

Period from January 1, 1999 to December 31, 1999.

The operational period from January 1, 1999 to December 31, 1999, achieved two main goals for the Corporation. The Company's goals were the formation of the organization to pursue the Company's business objective and to obtain sufficient capital to commence initial operations.

Revenues. Jobsort is a developmental stage enterprise as defined in SFAS #7. The Company has not generated any revenues to date. The Company has devoted substantially all of its present efforts to: (1) developing its presence in the employment services market, (2) marketing its services to the general public and leading corporations and (3) completing its 12(g) reporting requirements with the Securities Act of 1934 and its commencement of trading on the NASD Over-the-Counter Bulletin Board ("OTC-BB").

Expenses. The Company incurred significant expenses for the operating period January 1, 1999 to December 31, 1999, totaling $17,495. Expenditures were primarily due to costs incurred for professional fees, services and general and administrative expenses. The Company's professional and service expenses were incurred from its public listing process on the NASD's OTC-BB which included the process of the public offering in the State of Nevada, state Blue Sky registrations, attorneys' fees, escrow and EDGARization costs related to the offering, and audits and public filing costs.

Net Loss. Due to the significant operating expenses, Jobsort experienced a net loss of $17,495. The Company anticipated incurring this loss during the initial commencement of operations until such time that it will realize revenues from employment services operations in the fiscal year 2000.

The Company has generated no revenues during this period and it is unknown when it will generate significant revenues. It is anticipated that the Company will realize revenues from employment services during the next twelve (12) months, of which the Company cannot guarantee. The receipt of funds from Private Placement Offerings or loans obtained through private and public sources by Jobsort may be anticipated to offset its near term cash equivalents for the next twelve (12) months. The Company has financed its cash flow requirements through issuance of common stock. During its normal course of business, the Company may experience net negative cash flows from operations, pending receipt of revenues. Further, the Company may be required to obtain additional financing to fund operations through common stock offerings and bank borrowings, to the extent available, or to obtain additional financing to the extent necessary to augment its working capital.

Year 2000 Issue

The Company uses a significant number of computer software programs and operating systems in its internal operations, including applications used in financial business systems and various administrative functions. Although the Company's software applications contain source code that appropriately interpreted the calendar year 2000, failure by the Company to make any future modifications resulting from "Year 2000" could result in systems interruptions or failures that could have a material adverse effect on the Company's business. The Company has not incurred, nor anticipates that it will incur material expenses to make its computer software programs and operating systems "Year 2000" compliant. However, there can be no assurance that unanticipated costs necessary to update software, or potential systems interruptions, will not exceed the Company's expectations and have a material adverse effect on the Company's business, financial condition and results of operations. In addition, failure by key service providers to the Company, such as its Web hosting service provider to make any future modifications resulting from "Year 2000" could result in systems interruptions or failures that could have a material adverse effect on the Company's business.

ITEM 7. FINANCIAL STATEMENTS.

Accounting policies and procedures have not been determined except as follows:

The Company reports income and expenses on the accrual method.

The Company has adopted December 31 as its fiscal year end.

Income Taxes are provided for using the liability method of accounting in accordance with Statement of Financial Accounting Standards No. 109 (SFAS #109) "Accounting for Income Taxes". A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. There is no provision for income taxes for the period ended December 31, 1999 due to the net loss and no state income tax in Nevada, the state of the Company's domicile and operations.

The Company is authorized to issue 25,000,000 shares of $0.001 par value common stock.

On October 15, 1998, the Company issued 1,000,000 shares of its $0.001 par value common stock for $2,350. Of the total, $1,000 is considered common stock and $1,350 is additional paid in capital. The consideration paid for the common stock represents $2,000, which was deposited into the Company's corporate bank account in November 1998, and a canceled loan in the amount of $350. The canceled loan was owed to the founding shareholders for the initial organizational and incorporation costs.

On January 20, 1999, the Company issued 355,300 shares of its $0.001 par value common stock to shareholders in exchange for cash of $9,760 and for services rendered in the amount of $8,000. The 504 offering raised a total of $17,760 of which $355 is considered common stock and $17,405 is additional paid in capital. One shareholder was issued 100 additional shares of $0.001 par value common stock in error and the Company intends to have these 100 shares of common stock rescinded.

There have been no other issuances of common stock.

The Company does not lease or rent any property. Office services are provided without charge by a director. Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

There are no warrants or options outstanding to acquire any additional shares of common stock.

The Company uses a significant number of computer software programs and operating systems in its internal operations, including applications used in financial business systems and various administrative functions. Although the Company's software applications contain source code that appropriately interpreted the calendar year 2000, failure by the Company to make any future modifications resulting from "Year 2000" could result in systems interruptions or failures that could have a material adverse effect on the Company's business. The Company has not incurred, nor anticipates that it will incur material expenses to make its computer software programs and operating systems "Year 2000" compliant. However, there can be no assurance that unanticipated costs necessary to update software, or potential systems interruptions, will not exceed the Company's expectations and have a material adverse effect on the Company's business, financial condition and results of operations.

PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

The information required in this item is incoproated by reference to this document and the section entitled "EMPLOYEES".

ITEM 10. EXECUTIVE COMPENSATION.

The following table sets forth all cash compensation to be paid by the Company to its officers, directors, and significant employees.

1. No executive officer of the Company prior to December 31, 1999 drew a salary from the Company.
2. There were no arrangements, pursuant to which any director of the Company was compensated for the period from inception for any service provided as a director. While the Company's only directors are its current executive officers who are already drawing a salary for the management of the Company it may be necessary for the Company to compensate newly appointed Directors in order to attract a quality governance team. At this time the Company has not identified any specific individuals or candidates nor has it entered into any negotiations or activities in this regard.

EMPLOYMENT AGREEMENTS

The Company does not currently have employment agreements with its executive officers but expects to sign employment agreements with each in the near future.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

The information required by this Item concerning the stock ownership of management and five percent beneficial owners is incorporated herein by reference to ITEM 5 of this document entitled, "MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS".

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

None.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K.

(a) Exhibits:

A list of exhibits required to be filed as part of this Annual Report is set forth in the Index to Exhibits, which immediately precedes such exhibits and is incorporated herein by reference.

(b) Reports on Form 8-K

The Company has filed a Form 8-K with the Securities and Exchange Commission on February 14, 2000.

SIGNATURES

In accordance with the requirements of 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.

JOBSORT, INC.

By:

-------------------------- Date: March 29, 2000

Paige Gamble

President, Chief Executive Officer and Chairman

By:

-------------------------- Date: March 29, 2000

Anna M. Lotter

Secretary, Treasurer and Director

INDEX TO EXHIBITS

(1) The copy of this exhibit filed as the same exhibit to the Company's Registration Statement on Form 10-SB and amendments thereto, is incorporated herein by reference.

(2) The copy of this exhibit and amendments thereto filed with the U.S. Securities and Exchange Commission, is incorporated herein by reference.

SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the registrant caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

Jobsort, Inc.

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(Registrant)

Date: March 29, 2000

By:

/s/Paige Gamble, President, Chief Executive Officer and Chairman

By:

/s/Anna M. Lotter, Secretary, Treasurer and Director