<PAGE>
      As filed with the Securities and Exchange Commission on June 27, 2002

                                                 Registration No. 333-__________


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                              ---------------------

                                    FORM S-8

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        THE INTERNET ADVISORY CORPORATION
             (Exact name of registrant as specified in its charter)

            UTAH                                             87-0426358
            ----                                             ----------
(State or other jurisdiction                                 (IRS Employer
of incorporation or organization)                            Identification No.)

                               150 E. 58TH STREET
                               NEW YORK, NY 10022
                                 (212) 421-8480
                                 --------------
               (Address, Including Zip Code and Telephone Number,
                        of Principal Executive Offices)

       MODIFIED RETAINER AGREEMENT WITH KAPLAN GOTTBETTER & LEVENSON, LLP
                            (Full Title of the Plan)

                                                           Copy to:
               RICHARD GOLDRING                    ADAM S. GOTTBETTER, ESQ.
       THE INTERNET ADVISORY CORPORATION       KAPLAN GOTTBETTER & LEVENSON, LLP
              150 E. 58TH STREET                       630 THIRD AVENUE
              NEW YORK, NY 10022                   NEW YORK, NEW YORK 10017
                (212) 421-8480                          (212) 983-6900
(Name, Address and Telephone Number, including
       Area Code, of Agent for Service)

                         CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
                                                         PROPOSED
                                          AMOUNT TO      MAXIMUM        PROPOSED        AMOUNT OF
         TITLE OF SECURITIES                 BE          OFFERING       MAXIMUM        REGISTRATION
           TO BE REGISTERED              REGISTERED       PRICE        AGGREGATE           FEE
                                                        PER SHARE    OFFERING PRICE
---------------------------------------------------------------------------------------------------
<S>                                      <C>            <C>          <C>               <C>
Common Stock, par value $.001 per share    200,000        $1.655        $331,000        $30.46(1)

TOTAL:                                     200,000        $1.655        $331,000        $30.46(1)
---------------------------------------------------------------------------------------------------
</TABLE>

(1) Estimated solely for the purpose of calculating the registration fee
    pursuant to Rule 457(c) on the basis of the average of the high and low
    prices of the common stock of the Registrant as traded in the over-the
    counter market and reported on the OTC Electronic Bulletin Board of the
    National Association of Securities Dealers on June 20, 2002
<PAGE>
                                     PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

ITEM 1. PLAN INFORMATION

         Pursuant to the Note to Part I of the Form S-8, the information
required by Part I is not filed with the Securities and Exchange Commission.

ITEM 2. INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION

         Registrant will provide without charge to each person to whom a copy of
a Section 10(a) Prospectus hereunder is delivered, upon the oral or written
request of such person, a copy of any document incorporated in this Registration
Statement by reference. Requests for such information should be directed to the
Internet Advisory Corporation, 150 E. 58th Street New York, NY 10022, (212)
421-8480.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.

         The following documents are incorporated by reference in this
registration statement.

         a)       Registrant's Annual Report on Form 10-KSB for the fiscal year
                  ended December 31, 2001 filed pursuant to Section 13(c) or
                  15(d) of the Securities Exchange Act of 1934, as amended (the
                  "Exchange Act");

         b)       All other reports filed by Registrant pursuant to Section
                  13(c) or 15(d) of the Exchange Act since the end of the fiscal
                  year covered by the Form 10-KSB referred to in (a) above.

         c)       The description of the common stock, $.001 par value per share
                  (the "Common Stock") of the Registrant is contained in the
                  Registrant's registration statement on Form 10-SB, as amended.

         All documents filed by the Registrant pursuant to Section 13 (a), 13
(c), 14 and 15 (d) of the Exchange Act subsequent to the date of this
registration statement and prior to the filing of a post-effective amendment to
this registration statement which indicates that all securities offered hereby
have been sold or which deregisters all securities then remaining unsold shall
be deemed to be incorporated in this registration statement by reference and to
be a part hereof from the date of filing of such documents. Any statement
contained in this registration statement, in a supplement to this registration
statement or in a document incorporated by reference herein, shall be deemed to
be modified or superseded for purposes of this registration statement to the
extent that a statement contained herein or in any subsequently filed supplement
to this registration statement or in any document that is subsequently
incorporated by reference herein modifies or supersedes such


                                        2
<PAGE>
statement. Any statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this registration
statement.

ITEM 4. DESCRIPTION OF SECURITIES

         Not applicable. The class of securities to be offered is registered
under Section 12 of the Exchange Act.

ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL

         The validity of the shares of common stock registered in this
registration statement has been passed upon for the Registrant by Kaplan
Gottbetter & Levenson, LLP, ("KGL") whose opinion is attached hereto as Exhibit
5. Adam S. Gottbetter a partner in KGL, will be issued the shares of common
stock of the Registrant being registered as payment for legal services rendered.

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         Pursuant to Section 16-10a-902 of the Utah Revised Business Corporation
Act (the "Utah Act"), the Registrant may indemnify an individual made a party to
a proceeding because they are or were a director, against liability incurred in
the proceeding, if such individual acted in good faith and in a manner
reasonably believed to be in, or not opposed to, the best interest of the
Registrant and, in a criminal proceeding, they had no reasonable cause to
believe their conduct was unlawful. Indemnification under this provision is
limited to reasonable expenses incurred in connection with the proceeding.
Pursuant to the Utah Act, the Registrant's Board of Directors may also indemnify
its officers, agents, or employees against any loss or damage sustained when
acting in good faith in the performance of their corporate duties.

         Registrant must indemnify a director or officer who is successful, on
the merits or otherwise, in the defense of any proceeding or in defense of any
claim, issue, or matter in the proceeding, to which they are a party to because
they are or were a director of officer of the Registrant, against reasonable
expenses incurred by them in connection with the proceeding or claim with
respect to which they have been successful.

         Registrant may pay for or reimburse reasonable expenses incurred by a
director, officer employee, fiduciary or agent of the Registrant who is a party
to a proceeding in advance of final disposition of the proceeding provided the
individual furnishes the Registrant with a written affirmation that their
conduct was in good faith and in a manner reasonably believed to be in, or not
opposed to, the best interest of the Registrant, and undertake to pay the
advance if it is ultimately determined that they did not meet such standard of
conduct.

         Also pursuant to the Utah Act, a corporation may set forth in its
articles of incorporation, by- laws or by resolution, a provision eliminating or
limiting in certain circumstances, liability of a director to the corporation or
its shareholders for monetary damages for any action taken or any failure to
take action as a director. This provision does not eliminate or limit the
liability of a director (i) for the amount of a financial benefit received by a
director to which they are not entitled; (ii) an intentional infliction of harm
on the corporation or its shareholders; (iii) for liability for a


                                        3
<PAGE>
violation of Section 16-10a-842 of the Utah Act (relating to the distributions
made in violation of the Utah Act); and (iv) an intentional violation of
criminal law. To date, the Registrant has not adopted such a provision in its
Articles of Incorporation, By-Laws, or by resolution. A corporation may not
eliminate or limit the liability of a director for any act or omission occurring
prior to the date when such provision becomes effective.

         The Utah Act also permits a corporation to purchase and maintain
liability insurance on behalf of its directors, officers, employees, fiduciaries
or agents. To date, the Registrant does not carry any such insurance.

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

                  Not applicable.

ITEM 8. EXHIBITS

                  Exhibits No.             Description
                  ------------             -----------

                      4.        Modified Retainer Agreement dated June 20, 2002,
                                between Registrant and Kaplan Gottbetter &
                                Levenson, LLP.

                      5.        Opinion of Counsel, Kaplan Gottbetter &
                                Levenson, LLP.

                      23.1      Consent of Counsel (included in Exhibit 5
                                hereto).

                      23.2      Consent of Radin Glass & Co., LLP, Auditors.

ITEM 9. UNDERTAKINGS

         (a)      The Registrant hereby undertakes:

                  1.       To file, during any period in which offers or sales
                           are being made, a post-effective amendment to this
                           registration statement:

                           (i)      To include any prospectus required by
                                    Section 10 (a) (3) of the Securities Act of
                                    1933;

                           (ii)     To reflect in the prospectus any facts or
                                    events arising after the effective date of
                                    the registration statement (or the most
                                    recent post-effective amendment thereof)
                                    which, individually or in the aggregate,
                                    represent a fundamental change in the
                                    information set forth in the registration
                                    statement;


                                        4
<PAGE>
                           (iii)    To include any material information with
                                    respect to the plan of distribution not
                                    previously disclosed in the registration
                                    statement or any material change to such
                                    information in the registration statement;

         provided however, that paragraphs (a)(1)(i) and (a) (1)(ii) do not
apply if the conformation required to be included in a post effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in this
registration statement.

                  2. That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at the time shall be deemed to be the
initial bonafide offering thereof.

                  3. To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

         (b) The Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13 (a) or Section 15 (d) of the Exchange Act
(and, where applicable, each filing of any employee benefits plan's annual
report pursuant to Section 15 (d) of the Securities Exchange Act of 1934) that
is incorporated by reference in the registration statement shall be deemed to be
a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be in the initial
bonafide offering thereof.

         (c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.


                                        5
<PAGE>
                                  SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of New York, State of New York on the 24th day of June,
2002.

                                            THE INTERNET ADVISORY CORPORATION

                                            By:  /s/Richard Goldring
                                                 ------------------------------
                                                 Richard Goldring,
                                                 President

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicates and on the dates indicated.

                              TITLE                               DATE
                              -----                               ----

/s/Richard Goldring           President, Chief Executive          June 24, 2002
--------------------------    Officer, Treasurer, Chief
Richard Goldring              Financial and Accounting Officer


BOARD OF DIRECTORS:

/s/Richard Goldring           Director                            June 24, 2002
--------------------------
Richard Goldring


/s/John Neilson               Director                            June 24, 2002
--------------------------
John Neilson


                                        6
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{"company-data": {"conformed-name": "INTERNET ADVISORY CORP", "cik": "0000831489", "assigned-sic": "6799", "irs-number": "870426358", "state-of-incorporation": "UT", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-91314", "film-number": "02688630"}, "business-address": {"street1": "2455 EAST SUNRISE BLVD", "street2": "SUITE 401", "city": "FT LAUDERDALE", "state": "FL", "zip": "33304", "phone": "8885220958"}, "mail-address": {"street1": "2455 EAST SUNRISE BLVD", "street2": "SUITE 401", "city": "FT LAUDERDALE", "state": "FL", "zip": "33304"}, "former-company": {"former-conformed-name": "OLYMPUS MTM CORP", "date-changed": "19970215"}}
As filed with the Securities and Exchange Commission on June 27, 2002

                                                 Registration No. 333-__________

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                              ---------------------

                                    FORM S-8

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                        THE INTERNET ADVISORY CORPORATION
             (Exact name of registrant as specified in its charter)

            UTAH                                             87-0426358
            ----                                             ----------
(State or other jurisdiction                                 (IRS Employer
of incorporation or organization)                            Identification No.)

                               150 E. 58TH STREET
                               NEW YORK, NY 10022
                                 (212) 421-8480
                                 --------------
               (Address, Including Zip Code and Telephone Number,
                        of Principal Executive Offices)

       MODIFIED RETAINER AGREEMENT WITH KAPLAN GOTTBETTER & LEVENSON, LLP
                            (Full Title of the Plan)

                                                           Copy to:
               RICHARD GOLDRING                    ADAM S. GOTTBETTER, ESQ.
       THE INTERNET ADVISORY CORPORATION       KAPLAN GOTTBETTER & LEVENSON, LLP
              150 E. 58TH STREET                       630 THIRD AVENUE
              NEW YORK, NY 10022                   NEW YORK, NEW YORK 10017
                (212) 421-8480                          (212) 983-6900
(Name, Address and Telephone Number, including
       Area Code, of Agent for Service)

                         CALCULATION OF REGISTRATION FEE
---------------------------------------------------------------------------------------------------
                                                         PROPOSED
                                          AMOUNT TO      MAXIMUM        PROPOSED        AMOUNT OF
         TITLE OF SECURITIES                 BE          OFFERING       MAXIMUM        REGISTRATION
           TO BE REGISTERED              REGISTERED       PRICE        AGGREGATE           FEE
                                                        PER SHARE    OFFERING PRICE
---------------------------------------------------------------------------------------------------
Common Stock, par value $.001 per share    200,000        $1.655        $331,000        $30.46(1)

TOTAL:                                     200,000        $1.655        $331,000        $30.46(1)
---------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee
    pursuant to Rule 457(c) on the basis of the average of the high and low
    prices of the common stock of the Registrant as traded in the over-the
    counter market and reported on the OTC Electronic Bulletin Board of the
    National Association of Securities Dealers on June 20, 2002
PART I
              INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

ITEM 1. PLAN INFORMATION

         Pursuant to the Note to Part I of the Form S-8, the information
required by Part I is not filed with the Securities and Exchange Commission.

ITEM 2. INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION

         Registrant will provide without charge to each person to whom a copy of
a Section 10(a) Prospectus hereunder is delivered, upon the oral or written
request of such person, a copy of any document incorporated in this Registration
Statement by reference. Requests for such information should be directed to the
Internet Advisory Corporation, 150 E. 58th Street New York, NY 10022, (212)
421-8480.

                                     PART II
               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.

         The following documents are incorporated by reference in this
registration statement.

         a)       Registrant's Annual Report on Form 10-KSB for the fiscal year
                  ended December 31, 2001 filed pursuant to Section 13(c) or
                  15(d) of the Securities Exchange Act of 1934, as amended (the
                  "Exchange Act");

         b)       All other reports filed by Registrant pursuant to Section
                  13(c) or 15(d) of the Exchange Act since the end of the fiscal
                  year covered by the Form 10-KSB referred to in (a) above.

         c)       The description of the common stock, $.001 par value per share
                  (the "Common Stock") of the Registrant is contained in the
                  Registrant's registration statement on Form 10-SB, as amended.

         All documents filed by the Registrant pursuant to Section 13 (a), 13
(c), 14 and 15 (d) of the Exchange Act subsequent to the date of this
registration statement and prior to the filing of a post-effective amendment to
this registration statement which indicates that all securities offered hereby
have been sold or which deregisters all securities then remaining unsold shall
be deemed to be incorporated in this registration statement by reference and to
be a part hereof from the date of filing of such documents. Any statement
contained in this registration statement, in a supplement to this registration
statement or in a document incorporated by reference herein, shall be deemed to
be modified or superseded for purposes of this registration statement to the
extent that a statement contained herein or in any subsequently filed supplement
to this registration statement or in any document that is subsequently
incorporated by reference herein modifies or supersedes such

                                        2
statement. Any statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this registration
statement.

ITEM 4. DESCRIPTION OF SECURITIES

         Not applicable. The class of securities to be offered is registered
under Section 12 of the Exchange Act.

ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL

         The validity of the shares of common stock registered in this
registration statement has been passed upon for the Registrant by Kaplan
Gottbetter & Levenson, LLP, ("KGL") whose opinion is attached hereto as Exhibit
5. Adam S. Gottbetter a partner in KGL, will be issued the shares of common
stock of the Registrant being registered as payment for legal services rendered.

ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.

         Pursuant to Section 16-10a-902 of the Utah Revised Business Corporation
Act (the "Utah Act"), the Registrant may indemnify an individual made a party to
a proceeding because they are or were a director, against liability incurred in
the proceeding, if such individual acted in good faith and in a manner
reasonably believed to be in, or not opposed to, the best interest of the
Registrant and, in a criminal proceeding, they had no reasonable cause to
believe their conduct was unlawful. Indemnification under this provision is
limited to reasonable expenses incurred in connection with the proceeding.
Pursuant to the Utah Act, the Registrant's Board of Directors may also indemnify
its officers, agents, or employees against any loss or damage sustained when
acting in good faith in the performance of their corporate duties.

         Registrant must indemnify a director or officer who is successful, on
the merits or otherwise, in the defense of any proceeding or in defense of any
claim, issue, or matter in the proceeding, to which they are a party to because
they are or were a director of officer of the Registrant, against reasonable
expenses incurred by them in connection with the proceeding or claim with
respect to which they have been successful.

         Registrant may pay for or reimburse reasonable expenses incurred by a
director, officer employee, fiduciary or agent of the Registrant who is a party
to a proceeding in advance of final disposition of the proceeding provided the
individual furnishes the Registrant with a written affirmation that their
conduct was in good faith and in a manner reasonably believed to be in, or not
opposed to, the best interest of the Registrant, and undertake to pay the
advance if it is ultimately determined that they did not meet such standard of
conduct.

         Also pursuant to the Utah Act, a corporation may set forth in its
articles of incorporation, by- laws or by resolution, a provision eliminating or
limiting in certain circumstances, liability of a director to the corporation or
its shareholders for monetary damages for any action taken or any failure to
take action as a director. This provision does not eliminate or limit the
liability of a director (i) for the amount of a financial benefit received by a
director to which they are not entitled; (ii) an intentional infliction of harm
on the corporation or its shareholders; (iii) for liability for a

                                        3
violation of Section 16-10a-842 of the Utah Act (relating to the distributions
made in violation of the Utah Act); and (iv) an intentional violation of
criminal law. To date, the Registrant has not adopted such a provision in its
Articles of Incorporation, By-Laws, or by resolution. A corporation may not
eliminate or limit the liability of a director for any act or omission occurring
prior to the date when such provision becomes effective.

         The Utah Act also permits a corporation to purchase and maintain
liability insurance on behalf of its directors, officers, employees, fiduciaries
or agents. To date, the Registrant does not carry any such insurance.

ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.

                  Not applicable.

ITEM 8. EXHIBITS

                  Exhibits No.             Description
                  ------------             -----------

                      4.        Modified Retainer Agreement dated June 20, 2002,
                                between Registrant and Kaplan Gottbetter &
                                Levenson, LLP.

                      5.        Opinion of Counsel, Kaplan Gottbetter &
                                Levenson, LLP.

                      23.1      Consent of Counsel (included in Exhibit 5
                                hereto).

                      23.2      Consent of Radin Glass & Co., LLP, Auditors.

ITEM 9. UNDERTAKINGS

         (a)      The Registrant hereby undertakes:

                  1.       To file, during any period in which offers or sales
                           are being made, a post-effective amendment to this
                           registration statement:

                           (i)      To include any prospectus required by
                                    Section 10 (a) (3) of the Securities Act of
                                    1933;

                           (ii)     To reflect in the prospectus any facts or
                                    events arising after the effective date of
                                    the registration statement (or the most
                                    recent post-effective amendment thereof)
                                    which, individually or in the aggregate,
                                    represent a fundamental change in the
                                    information set forth in the registration
                                    statement;

                                        4
(iii)    To include any material information with
                                    respect to the plan of distribution not
                                    previously disclosed in the registration
                                    statement or any material change to such
                                    information in the registration statement;

         provided however, that paragraphs (a)(1)(i) and (a) (1)(ii) do not
apply if the conformation required to be included in a post effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in this
registration statement.

                  2. That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at the time shall be deemed to be the
initial bonafide offering thereof.

                  3. To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

         (b) The Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13 (a) or Section 15 (d) of the Exchange Act
(and, where applicable, each filing of any employee benefits plan's annual
report pursuant to Section 15 (d) of the Securities Exchange Act of 1934) that
is incorporated by reference in the registration statement shall be deemed to be
a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be in the initial
bonafide offering thereof.

         (c) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.

                                        5
SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of New York, State of New York on the 24th day of June,
2002.

                                            THE INTERNET ADVISORY CORPORATION

                                            By:  /s/Richard Goldring
                                                 ------------------------------
                                                 Richard Goldring,
                                                 President

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicates and on the dates indicated.

                              TITLE                               DATE
                              -----                               ----

/s/Richard Goldring           President, Chief Executive          June 24, 2002
--------------------------    Officer, Treasurer, Chief
Richard Goldring              Financial and Accounting Officer

BOARD OF DIRECTORS:

/s/Richard Goldring           Director                            June 24, 2002
--------------------------
Richard Goldring

/s/John Neilson               Director                            June 24, 2002
--------------------------
John Neilson

                                        6