Financial Statement - Exhibit 1


INTERTECH GLOBAL .com, INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENT
APRIL 30, 1999

TABLE OF CONTENTS
                                                                            PAGE

INDEPENDENT AUDITORS' REPORT                                                 1

BALANCE SHEET                                                                2

NOTES TO FINANCIAL STATEMENT                                                 3






To the Board of Directors and Stockholders
Of Intertech Global.com, Inc.

         We have audited the accompanying balance sheet of Intertech Global.com,
Inc. (a development stage company) as of April 30, 1999. This financial
statement is the responsibility of the Company's management. Our responsibility
is to express an opinion on this financial statement based on our audit.

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

         In our opinion, the balance sheet referred to in the first paragraph
presents fairly, in all material respects, the financial position of Intertech
Global.com, Inc. as of April 30, 1999 in conformity with generally accepted
accounting principles.

                                                    Sgd:     Chester M. Kearney



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INTERTECH GLOBAL.com, INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEET

APRIL 30, 1999

ASSETS

OTHER ASSSETS
   Intangible assets                                           21,451
                                                               ======

LIABILITIES & STOCKHOLDERS' EQUITY
LIABILITIES                                                     None
                                                               ------

STOCKHOLDERS' EQUITY
   Common stock
         Par value $0.001, 200,000,000 authorized
           21,451,103 issued                                   21,451
   Preferred stock
         Class A, 9% cumulative divided
           non-convertible shares, Par value $5.00
           10,000,000 authorized, none outstanding              None
         Class B, 12% cumulative divided
           on-convertible shares, Par value $5.00
           10,000,000 authorized, none outstanding              None
                                                               ------
                                                               21,451
                                                               ------
                                                               21,451
                                                               ======



                                      2


INTERTECH GLOBAL.com, INC.
NOTES TO FINANCIAL STATEMENT
APRIL 30, 1999

(1)  OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

     Intertech Global.com, Inc. is a holding company dedicated to the
     development of an integrated natural resource based firm through the
     acquisition of operating companies involved in four primary sectors of the
     economy - industrial applications involving sandstone rock products for
     construction and landscaping; residential; recreational and commercial
     property development; and forest land management and ownership; and
     internet e-commerce on the world-wide web.

     The Company maintains its accounting records and financial reports on the
     accrual basis.

     Intangible assets consist of organization costs. Upon commencement of
     business operations, these costs will be amortized over a 60-month period.

     Management uses estimates and assumptions in preparing financial statements
     in accordance with generally accepted accounting principles. Those
     estimates and assumptions affect the reported amounts of assets and
     liabilities and the reported revenues and expenses. Actual results could
     vary from the estimates that were assumed in preparing the financial
     statements.

(2)  INTANGIBLE ASSETS

     Intangible assets consist of the following:

       Organization costs, development costs and
         Fees not allocable to asset acquisitions                  21,451
                                                                   ======



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