Thanks fellas! Well here's teh just of it..the cometic gasket and ARP studs didn't help with my problem..
So, I decided to rebuild the block. Hastings rings and ACL bearings.

Well, as I was putting on the ACL LS bearings, I torqued them down, yet the rod and cap still wiggled around the crank. So I was stumped...did some research and shortly after found out it was a freaking GSR crank...so, I had to source some GSR ACL bearings, luckily some guy locally had some for sale brand new for 30$, so it was pretty neat.
Anyways, rebuilt the block, and fired right up. But guess what? Still no compression in cylinders 3 and 4...(the guy who built it) didn't follow the correct sequence while torquing down the head, which caused it to warp the face of the block. (at least those are my assumptions..they make sense to me)
I was so pissed off I almost sold it lol...then I came to my senses, tried to find another LS block, but couldn't. So, I'm just going to rebuild the JDM B16A block, and run that. It will be slower and have a lot less torque, but the higher compression will be fun. I'll be pulling out the LS/VTEC this week and snap some pictures.
Pictures:
Right after we finished it, adding on all the goodies

And random photo's of both my cars..00 EM1 and 00 EJ7 (daily)
I also added a few other goodies to the car; window visors, spoon mirrors, etc
