U.S. 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

                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000

                        Commission File Number 000-29329

                          BIFS TECHNOLOGIES CORPORATION

                  FLORIDA                                  65-0382549

          (State or other jurisdiction of                  (IRS Employer
          incorporation or organization)                Identification Number)

2075 Fruitville Road, Suite 200, Sarasota, Florida        34237
         (Address of principal executive offices)               (Zip Code)

         Company's telephone number, including area code:     (941) 343-9300

Securities Registered Pursuant to Section 12(b) of the Act:  None
Securities Registered Pursuant to Section 12(g) of the Act:  Common Stock, $.00001 Par Value

Check whether the Company (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 Company was required to file such
reports), and (2) has been subject to filing requirements for the past 90 days.
                                                                Yes [X]  No [  ]

Check 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 the
Company'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 revenues for fiscal year 2000 were $427,780.

The aggregate market value of the voting and non-voting common equity held by
non-affiliates of the Company is $31,358,830 based on the closing price of $0.13
as of March 29, 2001.*

As of March 29, 2001, the Company had a total of 513,221,716 shares of common
stock outstanding.

*Affiliates for the purpose of this item refer to the officers, directors,
and/or persons or firms owning 5% or more of the Company's common stock, both of
record and beneficially.

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