GONETGEN.COM, INC.

PART I FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited)

Balance Sheet – March 31, 2000 (Unaudited).

Statements of Loss - Three months March 31, 2000 and 1999 (Unaudited).

Statements of Cash Flows - Three months ended March 31, 2000 and 1999 (Unaudited).

Notes to Financial Statements

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements; Market Data

We make forward-looking statements in the "Management’s Discussion and Analysis of Financial Condition and, Results of Operations" in this Quarterly Report. These forward-looking statements include, but are not limited to, statements about our plans, objectives, expectations, intentions and assumptions and other statements that are not historical facts. We generally intend the, words "expect", anticipate", "intend", "plan", "believe", "seek", "estimate" and similar expressions to identify forward-looking statements.

Because these forward-looking statements involve risks and uncertainties, our actual results may differ materially from those expressed or implied by these forward-looking statements.

All forward-looking statements in this Quarterly Report reflect our current views about future events and are based on assumptions and are subject to risks and uncertainties. Except as required by applicable law, including the securities laws of the United States, we do not intend to update or revise any forward-looking statements.

This Quarterly Report contains certain estimates and plans related to us and our industry, which assumes certain events, trends and activities will occur and the projected information based on those assumptions. We do not know all that our assumptions are accurate. In particular, we do not know what level of growth our industry, and particularly in those markets in which we operate and shall seek to expand.. If our assumptions are wrong about any events, trends and activities, then our estimates for future growth for wireless telecommunications and our business may also be wrong. There can be assurances that an of our estimates as to our business growth will be achieved.

Results of Operations

During the three month period ended March 31, 2000, we had revenues of $5,750 compared to no revenues during the same period of the prior year. We incurred a net loss of $876,263 ($0.17 per Share) during the three month period ended March 31, 2000, compared to a net loss of $109,429 ($0.03 per Share) for the comparable three month period in 1999.

The primary reason for the increase in our net loss during the first quarter of 2000 compared to the first quarter of 1999 is a non-cash expense of $865,000 related to the issuance of shares for services from our chairman and chief executive officer, consultants and professionals. We believe that such issuance of shares for services were at the fair market price/value of the shares at the date of the transactions. See "Note C to the Notes to Financial Statements".

Liquidity and Capital Resources

At March 31, 2000 we had current assets of $25,627 compared to current asset of $221 at December 31, 1999. We had non-current assets (property, equipment and deposits) of $10,032 at March 31, 2000 and $12,701 at December 31, 1999. Our current liabilities were $8,000 at March 31, 2000 and $12,000 at December 31, 1999.

During the quarter ended March 31, 2000, we received $25,000 from a sale of 25,000 shares to private investors and $15,000 from the sale of 1000 shares of Class A Preferred stock, at a price of $15,000 per share, which were sold to our chairman and an affiliated party. See Note C to the Notes to Financial Statements.

There is a trend in the Internet industry toward rapid technological change and development, and such trend could adversely impact our ability to generate income from continuing operations. As a result, we are aware that such trends in the Internet industry may have a material impact on its short-term or long term liquidity. Our liquidity has mainly been the result of the sale of the Company’s securities to private investors, the conversion of debt into securities, and the exercise of options.

We are an Internet marketing services company specializing in the design, creation and marketing of advertising sites for service oriented companies and service professionals (our clients) and cost-effective Internet products and custom software. We strive to provide our clients, with interactive Internet image sites along with marketing services. In addition, we provide a subscription service to clients for the servicing and publication of their image sites in strategic zip code locations. This assists clients in enhancing their Internet presence and advertising their services. We began to achieve limited revenues from operations in 1999 and had total revenues of only $37,856 during 1999. We hope to enjoy increasing sales revenues during 2000, notwithstanding the fact that our revenues for the first quarter of fiscal year 2000 were $5,750..

In April 1999, we entered into a one (1) year employment agreement with our Chief Financial Officer, we agreed to pay compensation in the form of 60,000 shares of the Company’s common stock at the rate of 5,000 shares per month. The shares have been issued and are being held in escrow by the Company, subject to monthly distribution. The expense was accounted for on the financial statement as consultation fees. At December 31, 1999, forty-five thousand (45,000) shares were distributed to the Chief Financial Officer, and compensation of $45,000 for services was recorded in the financial statements as consultation fees. During the three month period ended March 31, 2000, the remaining 15,000 shares were distributed to the Chief Financial Officer for services and $15,000 was recorded in the financial statements as consultation fees. See Note D to the Notes to Financial Statements. We also issued 10,000 shares to our corporate attorney in exchange for professional services related to the private placement.

Our plan to hopefully generate increased sales and achieve profitability, of which there can be no assurance, anticipates the establishment of a marketing operation in the following markets. The timing of entry into the following markets will be dependent upon the availability of funds from operations and debt or equity financing, at terms and conditions satisfactory to the Company, of which we have no assurance, during the 2000 fiscal year.

- Florida: West Palm Beach, Ft. Lauderdale, Orlando, Jacksonville, Tampa, Gainesville

- North Carolina: Charlotte, Raleigh

- Pennsylvania: Pittsburgh, Philadelphia

- Ohio: Columbus

- Tennessee: Memphis, Nashville

- Illinois: Chicago

- Michigan: Detroit

- Texas: Austin, Dallas, Houston

- Massachusetts: Boston

- New York: Long Island

We intend to have area directors with sales persons in each market area. The primary source of revenue will be derived from the sales of image sites. Revenues are also anticipated from on-line product sales. Once our presence is established in a number of market areas, we intend to offer the advertising of unaffiliated web sites.

There can be no assurance that this goal will be timely achieved, if at all. Currently, we have established our marketing in the West Palm Beach area, and expect to commence in Charlotte, NC and Gainesville, FL by the mid 2000. We anticipate that our capital along with revenues generated from the sale of subscriptions to local businesses in these markets, will be sufficient to satisfy overhead demands plus yield a small gross profit, although we cannot as of the date of this Annual Report be assured of this fact. If this plan is successful, we expect to file an initial public offering during the year 2000, the funds from which will be employed to expand our markets, increase marketing and take advantage of improving technology. There can, however, be no assurance that we will then be profitable, if at all.

Our cash position at May 12, 2000 is $22,000 and assuming no additional revenues or funding we have sufficient revenues to operate for approximately three months. However, we have receivables that we anticipate collecting current receivables of approximately $30,000 during the quarter ending June 30, 2000. Also, we have been able to rely upon officers/directors exercising options under our stock option plan, the exercise of Class B Warrants, the private sale of common stock and the sale of Class A Preferred Stock, among other sources, for our short term cash requirements. In the short term (approximately twelve months), we anticipate that our capital requirements to be approximately $300,000, including $50,000 for further development of our web site and for advertising our sales program. In the long term, we will need substantial funding, which we hope will be derived from the contemplated IPO financing of from $2,000,000 to $5,000,000, in order to establish our marketing networks. This will enable us, in management’s opinion, to offer its sales program to businesses when we have an established presence. Based upon available funding, at acceptable terms and conditions, our first priority is the further development of our web site and our second, is the establishment of the marketing networks; and third is the advertising of the sales programs.

Currently, our product research and development efforts will be devoted to the continued upgrading of information on our web site; enhancing the design of the web site to maximize visitor interest; and making it visitor friendly. We will also design more links to client image sites in addition to the current "zip code" method. At present we do not expect to purchase or sell any plant or significant equipment nor do we expect any immediate change in the number of employees. As we begin to open new market areas, however, additional commissioned marketing personnel will be engaged.

The development of Internet products and services is in constant flux. We are constantly reviewing our services. For example, we continuously revamp our web-site in order to improve our marketability, accessibility to visitors and speed of operation. On the technical side of our business, it is imperative that we maintain a vigil on all new developments which may affect our operations.

One of our largest capital expenditures involves the purchase of state-of-the-art computer equipment. Enhancements and replacements of equipment is necessary if we hope to become and hopefully continue to maintain a competitive force in this sector of the Internet market. While we have no current plans to make significant equipment purchases in the near future, the changing technology may require unanticipated purchases.

As we explore and expand into new markets, it will be necessary for us to increase our sales force and operations staff. Currently, there are three (3) employees involved in sales and we anticipate that this number will increase by at least seven (7) employees by the time we establish the twenty-one (21) targeted markets. The timing of achieving this market goal cannot be determined at this time.

Inflation has not had a material effect upon our operations to date. In the event the rate of inflation should accelerate in the future, it is expected that costs in connection with the provision of our services and products will increase, and, to the extent such increased costs are not offset by increased revenues, our operations may be adversely affected. The Company is not exposed to material risk based on interest rate fluctuation, exchange rate fluctuation, or commodity price fluctuation.

Year 2000

The year 2000 issue results from certain computer systems and software applications that use only two digits (rather than four) to define the applicable year. As a result, such systems and applications may recognize a date of "00" as 1900 instead of the intended year 2000, which could result in data miscalculations and software failures. The Company has conducted a preliminary assessment of its key computer systems and software applications and believes they are Year 2000 compliant. The Company is in the process of communicating with all key suppliers, financial institutions and customers to identify and coordinate the resolution of any Year 2000 issues that might arise. Based on the initial assessment, the Company believes the cost of addressing the Year 2000 issue should not have a material impact on the Company’s financial position or results of operations.

Item 1. Legal Proceedings

None

During the three month period ended March 31, 2000, we issued 2,499,602 shares that were not registered under the Securities Act of 1933, as amended (the "Act"). In addition, we issued 1,000 shares of Class A Preferred Stock, which provide for 30,000 votes for each share of Class A Preferred Stock. This has resulted in the Class A Preferred Stock having voting control of the Company. We relied upon Section 4(2) and the private placement rules under the Act as the basis for the exemption from the registration requirements of the Act. The common shares were sold to private investors and the Class A Preferred Stock was sold to our Chairman and an affiliated party.

None

None

None

Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits:

(b) Form 8-K.

During the quarter ended March 31, 2000, the Company did not file any Reports on Form 8-K.

SIGNATURES

In accordance with Section 12 or 15(d) of the Exchange Act, the small business issuer has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

AFFORDABLE TELECOMMUNICATIONS TECHNOLOGY CORPORATION

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

By: /s/ Derek G. Dunn, President and Director

            Derek G. Dunn

GONETGEN.COM, INC.

(A Development Stage Company)

FINANCIAL STATEMENTS

FOR THE QUARTERS ENDED MARCH 31, 2000 AND 1999

TABLE OF CONTENTS

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Netgen 2000, Inc. ("the Company") was incorporated in the State of Florida on October 22, 1998. The Company specializes in designing, creating and marketing cost effective internet web and image sites, products and custom software. Effective in January 2000 the Company started trading on the NASDAQ using the symbol NTGI.

Development Costs

Development costs incurred by the Company are charged to expenses in accordance with Statement of Position 98-5 Reporting on the Costs of Start Up Activities effective for fiscal years after December 15, 1998.

Property and Equipment

Property and equipment are recorded at cost for financial reporting purposes and are depreciated under the straight-line method over their estimated economic useful lives. Significant additions and betterments are capitalized. Expenditures for maintenance, repairs and minor renewals are charged to operations as incurred.

Income Taxes

Income tax assets and liabilities are computed for temporary differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based upon enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities.

Use of Estimates in the Preparation of Financial Statements

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.

Fair Value of Financial Instruments

The fair value of the Company's financial instruments, consisting of accounts payable, approximate their carrying value.

NOTE B - PROPERTY AND EQUIPMENT

Property and equipment is stated at cost and at March 31, 2000 was comprised of the following:

NOTE C - ISSUANCE OF STOCK

In January 1999 loans of $39,000 were obtained from five (5) non affiliated lenders and used for private placement and working capital purposes. The lenders received convertible notes which required the loans to be repaid within twelve (12) months or at the option of the lenders to be converted into common stock at $0.10 per share. The lenders exercised their options and received 390,000 shares in March 1999.

In January 1999 the Company granted consultant options for 400,000 shares at an option price of $.01 per share in exchange for services rendered. The price of the shares was valued at $1.00 per share based upon the price paid in a private placement. The Consultant has been providing services to the Company since January 1999 per their agreement. Consulting fees expensed relating to these options were $400,000 for the year ended December 31, 1999.

During 1999 the Company authorized a total of 2,000,000 B Warrants to purchase common stock at a par value of $0.01. At December 31, 1999 the Company had issued 1,040,000 B Warrants and $1,040,00 was expensed. These Warrants were issued to consultants for their services. The Warrants expire on July 23, 2002.

In January 2000 the Company authorized and issued 1,000 shares of Class A Preferred Stock at a price of $15.00 per share. Each share of Class A Preferred Stock has one (1) vote for every 30,000 shares of common stock. The Preferred Stock is nonparticipating with respect to dividends.

The Chief Financial Officer received an additional 15,000 shares in exchange for services for the quarter ended March 31, 2000. Compensation of $15,000 based on the market value of the shares at the time have been recorded in these financial statements as consulting fees.

In March 2000, the Company raised an additional $25,000 at private placement by selling 25,000 units of common stock at $.01 par value.

In January 2000 the Company filed Form S-8 with the Securities and Exchange Commission to provide for shares to be issued to the Chairman and Chief Executive Officer, and consultant and counsel.

The Company also entered into an agreement with a consultant and has issued 300,000 shares accordingly. The consulting agreement provides for compensation for services relating to marketing, securities and other business matters and services related to potential mergers and acquisitions. An expense related to these shares issue of $300,000 was expensed in these financial statements.

Form S-8 also provided for the issuance of 50,000 shares to the Company's corporate securities counsel in consideration for continuing services in connection with the preparation and review of all corporate securities filings with the Securities and Exchange Commission and such other contracts and agreements between the Company and third parties as requested. An expense of $50,000 was charged to expenses in these financial statements.

NOTE D - RELATED PARTY TRANSACTIONS

The Company entered into a consulting agreement with a company controlled by the Chairman of the Board of Directors. The agreement granted the company options of 400,000 shares of common stock in exchange for consulting services which began in January 1999. In addition the Chairman received an option to purchase 30,000 shares on joining the company. The consulting expenses relating to exercising the options relating to the shares and the warrants have been accounted for at the market value determined at the time of the contract at approximately $430,000 for the period to December 31, 1999.

The Chairman also received 250,000 B Warrants to purchase common stock at a par value of $.01. These B Warrants are part of 1,040,000 issued as described in the previous paragraph and $250,000 was expensed.

The Chairman and Chief Executive Officer received an additional 500,000 shares for services he provided and continues to provide to the Company. An expense related to these shares were recorded at $500,000.

NOTE E - INCOME TAXES

At March 31, 2000, the Company had available a net operating loss carryforward for federal and state tax purposes of approximately $2,600,000 which could be applied against taxable income in subsequent years through 2014. The tax effect of the operating loss carryforward is approximately $988,000 and a valuation allowance for the same amount has been provided.

NOTE F - GOING CONCERN

As shown in the accompanying financial statements the Company has incurred net operating losses for the Quarter ended March 31, 2000 of $2,596,041. These net operating losses create an uncertainty about the Company's ability to continue as a going concern.

Management, however, has projected that the Company will generate significant sales in the year 2000 and subsequent years because its website is fully operational and the Company now has the ability to sell effective internet web and image sites to its customers.

The Company raised an additional $40,000 through the issuance of preferred and common stock. (See Note C).

NOTE G - ACCOUNTING ADJUSTMENTS

The balance sheet as of March 31, 2000, the income for the three months ended March 31, 2000 and 1999 and cash flows for the three months ended March 31, 2000 and 1999 have been prepared by Gonetgen.Com,Inc. (the Company) without audit. In the opinion of Management, all adjustments necessary to present the financial position, the results of operations and cash flows for the periods reported have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's annual report. The results for the three month period ended March 31, 2000 are not indicative of the results that may occur for the fiscal year ending December 31, 2000.