U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: September 30, 2000

                         Commission File Number: 0-28599


                               QUOTEMEDIA.COM INC.
        (Exact name of small business issuer as specified in its charter)


          NEVADA                                          91-2008633
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)


       14500 Northsight Blvd.
            Suite 312
          Scottsdale, AZ                                     85260
(Address of principal executive offices)                   (Zip Code)

                                 (480) 905-7311
                           (Issuer's Telephone Number)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Securities  Exchange  Act of 1934 during the past 12 months
(or for such  shorter  period  that the  registrant  was  required  to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days: Yes [X] No [ ].

At November 13,  2000,  the  Registrant  had  21,577,612  shares of common stock
outstanding.
<PAGE>
                              QUOTEMEDIA.COM , INC.
                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB

                                                                           Page
                                                                           ----
PART I. FINANCIAL INFORMATION

     Item 1. Consolidated Financial Statements                              3

             Consolidated Balance Sheets                                    3

             Consolidated Statements of Operations                          4

             Consolidated Statements of Cash Flows                          5

             Notes to Consolidated Financial Statements                     6

     Item 2. Management's Discussion and Analysis                           8

PART II. OTHER INFORMATION

     Item 1. Legal Proceedings                                             12

     Item 2. Changes in Securities                                         12

     Item 3. Defaults Upon Senior Securities                               12

     Item 4. Submission of Matters to a Vote of Security Holders           12

     Item 5. Other Information                                             12

     Item 6. Exhibits and Reports on Form 8-K                              12

Signatures                                                                 13

                                       2
<PAGE>
                              QUOTEMEDIA.COM, INC.
                                 BALANCE SHEET
                               September 30, 2000
                                  (Unaudited)


ASSETS

CURRENT ASSETS

  Cash and cash equivalents                                         $   161,104
  Marketable securities                                                  64,600
  Share subscription receivable                                         415,000
  Accounts receivable                                                    17,074
  Prepaid expenses                                                      274,000
  Deposits                                                               27,213
                                                                    -----------
        Total current assets                                            958,991

  Fixed assets, net                                                      49,550

  Due from related parties                                              182,368
                                                                    -----------

                                                                    $ 1,190,909
                                                                    ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

  Accounts payable                                                      238,036
                                                                    -----------
                                                                        238,036
                                                                    -----------
STOCKHOLDERS' EQUITY

  Common stock, $0.001 par value, 50,000,000 shares
    authorized, 21,577,612 shares issued and outstanding                 19,968
  Additional paid-in capital                                          3,783,692
  Accumulated deficit                                                (2,850,787)
                                                                    -----------
                                                                        952,873
                                                                    -----------

                                                                    $ 1,190,909
                                                                    ===========

See accompanying notes

                                       3
<PAGE>
                              QUOTEMEDIA.COM, INC.
                            STATEMENTS OF OPERATIONS
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                                                  PERIOD FROM DATE OF
                                     THREE MONTHS ENDED      NINE MONTHS ENDED     INCORPORATION TO
                                     SEPTEMBER 30, 2000     SEPTEMBER 30, 2000    SEPTEMBER 30, 1999
                                     ------------------     ------------------    ------------------
<S>                                  <C>                   <C>                    <C>
OPERATING REVENUE

  Licensing fees                        $      8,000          $      8,000          $         --
  Advertising                                  3,612                17,825                    --
                                        ------------          ------------          ------------
                                              11,612                25,825                    --
OPERATING EXPENSES

  Website content                            182,398               464,310                22,500
  Professional fees                           51,485               126,887                28,354
  Research and development                   345,157               555,929               137,833
  Business development                       123,031               384,934                10,774
  Office                                     243,807               667,905                28,649
                                        ------------          ------------          ------------
                                             945,878             2,199,965               228,110
                                        ------------          ------------          ------------

OPERATING LOSS                              (934,266)           (2,174,140)             (228,110)

INTEREST AND OTHER INCOME                     22,397                41,882                39,063
                                        ------------          ------------          ------------

LOSS FOR THE PERIOD                         (911,869)           (2,132,258)             (189,047)
                                        ============          ============          ============

BASIC LOSS PER SHARE                    $      (0.04)         $      (0.11)         $      (0.01)
                                        ============          ============          ============

WEIGHTED AVERAGE SHARES OUSTANDING        20,409,148            19,402,648            15,678,014
                                        ============          ============          ============
</TABLE>

See accompanying notes

                                       4
<PAGE>
                              QUOTEMEDIA.COM, INC.
                            STATEMENTS OF CASH FLOWS
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                                                PERIOD FROM DATE OF
                                                       NINE MONTHS ENDED         INCORPORATION TO
                                                      SEPTEMBER 30, 2000        SEPTEMBER 30, 1999
                                                      ------------------        ------------------
<S>                                                  <C>                      <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

LOSS FOR THE PERIOD                                      $(2,132,258)             $  (189,047)

ADJUSTMENTS TO RECONCILE LOSS TO NET CASH
 USED IN OPERATING ACTIVITIES:
  Depreciation                                                 8,770                      134
  Gain on sale of marketable securities                       (5,134)                      --
  Issuance of capital stock for services                     705,646                  120,000
CHANGES IN ASSETS AND LIABILITIES:
  Share subscription receivable                             (415,000)                      --
  Accounts receivable                                          6,857                       --
  Prepaid expenses                                          (274,000)                      --
  Deposits                                                   (27,213)                      --
  Accounts payable                                           107,796                  (34,639)
  Due from related parties                                  (195,568)                 (39,645)
                                                         -----------              -----------
NET CASH USED IN OPERATING ACTIVITIES                     (2,220,104)                (143,197)
                                                         -----------              -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from sale of marketable securities                 37,124                       --
  Writedown of marketable securities                           5,910                       --
  Fixed assets                                               (44,114)                      --
  Cash acquired on acquisition of subsidiary                      --                    1,100
                                                         -----------              -----------
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES           (1,080)                   1,100
                                                         -----------              -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of capital stock for cash                       1,710,250                  755,001
                                                         -----------              -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                  1,710,250                  755,001
                                                         -----------              -----------

NET (DECREASE) INCREASE IN CASH                             (510,934)                 612,904

CASH, BEGINNING OF PERIOD                                    672,038                       --
                                                         -----------              -----------

CASH, ENDING OF PERIOD                                   $   161,104              $   612,904
                                                         ===========              ===========
</TABLE>

See accompanying notes

                                       5
<PAGE>
                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                   Nine Month Period Ended September 30, 2000


1. UNAUDITED INTERIM FINANCIAL STATEMENTS

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance with generally accepted  accounting  principles for interim financial
information and instructions for Form 10 - QSB. Accordingly, they do not include
all of the information and footnotes required by generally  accepted  accounting
principles for complete financial statements. In the opinion of management,  all
adjustments,   consisting  only  of  normal  recurring  adjustments   considered
necessary for a fair presentation, have been included. Operating results for any
quarter are not  necessarily  indicative of the results for any other quarter or
for a full year. These financial  statements  should be read in conjunction with
our consolidated  financial statements and the notes thereto for the fiscal year
ended December 31, 1999 contained in our registration statement on Form 10-SB.

2. BASIS OF PRESENTATION

BUSINESS COMBINATION

     On July  14,  1999,  pursuant  to the  terms  of an  Agreement  and Plan of
Reorganization,  the Company  acquired  all of the  outstanding  common stock of
QuoteMedia.com,  Inc.,  a  Colorado  corporation  ("Old  QMI") in  exchange  for
11,000,000  unregistered  shares of the Company's  common stock.  As a result of
this   transaction,   the  former   shareholders  of  Old  QMI  received  shares
representing  an aggregate of 72% of the  Company's  outstanding  common  stock,
resulting in a change in control of the Company.  As a result of the merger, the
Company was the  surviving  entity and Old QMI ceased to exist.  In  conjunction
with  the  applicable  Articles  of  Merger,  the  Company  changed  its name to
"QuoteMedia.com,   Inc."   References   to  the  "Company"  or  "QMI"  refer  to
QuoteMedia.com, Inc. together, with the predecessor company, Old QMI.

     The acquisition of Old QMI has been accounted for as a reverse acquisition.
Under the accounting rules for a reverse acquisition,  Old QMI is considered the
acquiring  entity.  The Company  recorded the assets and liabilities  (excluding
intangibles) at their historical cost basis,  which was deemed  approximate fair
market  value.  The  reverse  acquisition  is treated as a non-cash  transaction
except to the extent of cash acquired,  since all consideration given was in the
form of stock.

EARNINGS PER SHARE

     Earnings per share have been computed based on the weighted  average number
of common shares  outstanding.  For the  nine-month  period prior to the reverse
acquisition  discussed in the business  combination section of Note 2 above, the
number of common shares  outstanding used in computing earnings per share is the
number of common  shares  outstanding  as a result of such reverse  acquisition,
plus such  additional  shares  issued by the Company  subsequent to the business
combination.

                                       6
<PAGE>
                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                   Nine Month Period Ended September 30, 2000


3. COMPARATIVE FIGURES

     The  surviving  entity  for  accounting   purposes  following  the  reverse
acquisition described in Note 2 to the Financial Statements commenced operations
on June 28, 1999. The results of operations  therefore only contain  comparative
information for the three-month period ending September 30, 2000.

4. SUBSEQUENT EVENT

     On October 23, 2000, the Company  entered into a settlement  agreement with
Skyline  Records Inc.  ("Skyline")  whereby the company agreed to relinquish any
claim to  Skyline's  record  sales and cancel a $88,000  debt to the  Company in
exchange  for the  cancellation  of  1,110,000  shares of the  Company  owned by
Skyline and a company related to Skyline. The $3,000,000 receivable from Skyline
was written off in 1999 due to the  uncertainty  of  collection.  As a result of
this transaction, the company will recognize a gain of approximately $330,000 in
the fourth  quarter of 2000  related to recovery of amounts  previously  written
off.

                                       7
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS
        AND RESULTS OF OPERATIONS

     The  following   discussion   should  be  read  in  conjunction   with  our
consolidated  financial  statements and notes thereto included elsewhere in this
report. We caution readers  regarding certain forward looking  statements in the
following  discussion,  elsewhere in this report,  and in any other  statements,
made by, or on behalf of our company,  whether or not in future filings with the
Securities and Exchange  Commission.  Forward-looking  statements are statements
not  based on  historical  information  and which  relate to future  operations,
strategies, financial results, or other developments. Forward-looking statements
are necessarily based upon estimates and assumptions that are inherently subject
to  significant   business,   economic,   and  competitive   uncertainties   and
contingencies,  many of which are beyond  our  control  and many of which,  with
respect to future business decisions, are subject to change. These uncertainties
and  contingencies  can affect actual  results and could cause actual results to
differ  materially from those  expressed in any forward looking  statements made
by,  or on  behalf  of,  our  company.  We  disclaim  any  obligation  to update
forward-looking statements.

     All   references  to  "we",   "our",   "us",  or   "Quotemedia"   refer  to
Quotemedia.com,   Inc.,   and  it   predecessors,   operating   divisions,   and
subsidiaries.

     This report should be read in conjunction  with our Form 10-SB/A filed with
the Securities and Exchange Commission on February 23, 2000.

OVERVIEW

     We  develop  and  provide   proprietary   financial,   news,   sports,  and
entertainment software applications that are licensed to websites worldwide.

     Our Financial  Application  tools offer  websites  licensed  solutions that
allow them to present  real time and delayed  stock  quotes and other  financial
information  without  the costly ant time  consuming  task of  developing  these
complex  applications/feeds  internally.  Our proprietary financial applications
(which  we  refer  to as  private  branded  applications,  Kool  Tools(TM),  and
Corporate Tools(TM)) provide solutions to large-scale portals, smaller websites,
and Fortune 500 companies.

     In the  near  future,  we  plan to  launch  suites  of  News,  Sports,  and
Entertainment applications.

RESULTS OF OPERATIONS

GENERAL

     On July 14, 1999, our company acquired all of the outstanding  common stock
of  Quotemedia.com,  Inc., a Colorado  corporation  in a reverse  acquisition in
exchange  for  11,000,000  shares  of our  common  stock.  As a  result  of this
transaction,  the  shareholders  of our predecessor  company  received shares of
common stock  representing an aggregate of 72% of our outstanding  common stock,
resulting in a change in control of our company.  As a result of the merger,  we
became the surviving entity and the predecessor company ceased to exist. At this
time,  we  changed  our  name to  Quotemedia.com,  Inc.  Following  the  reverse
acquisition,  the surviving entity for accounting purposes commenced  operations

                                       8
<PAGE>
on June 28, 1999. Therefore,  the results of operations only contain comparative
information for the three-month period ending September 30, 2000. We were in the
development phase during the comparative three-month period ending September 30,
1999.  Accordingly,  there are no comparative  revenue figures during the period
ended  September  20,  1999 and the  expenses  in this  period  reflect  a lower
activity level.

REVENUES

     Revenue   consists  of  advertising   fees   generated   from   sponsorship
advertisements  and licensing  fees  generated  from our software  applications.
Revenue for the three months ended  September 30, 2000 was $11,612.  Revenue for
the nine months ended September 30, 2000 was $25, 825.

WEBSITE CONTENT

     Website content  expenses  consist  primarily of fees paid to the company's
strategic  partners for providing  financial content such as news, stock quotes,
charts,  company  background  data,  and general  information.  Website  content
expenses for the  three-month  period  ended  September  30, 2000 were  $182,398
compared with $22,500 for the three-month  period ending September 30, 1999. The
increase  is due to the growth of the  company in  relation  to the  comparative
period as the  comparative  period  reports the first three months of operations
from  inception.  Website  content  expenses  for the  nine-month  period  ended
September 30, 2000 were $464,310.

PROFESSIONAL FEES

     Professional   fees  consist   primarily  of  legal  and  accounting  fees.
Professional  fees for the  three-month  period  ended  September  30, 2000 were
$51,485  compared  with  $28,354 for the  three-month  period  ending  September
30,1999.  Professional  fees for the nine-month  period ended September 30, 2000
were $126,887.

RESEARCH AND DEVELOPMENT

     Research and development  expenses  consist  primarily of costs  associated
with  the  design,   programming,   and  testing  of  the   company's   software
applications. Research and development expenses for the three-month period ended
September  30, 2000 were $345,157  compared  with  $137,833 for the  three-month
period  ended  September  30,  1999.  The  increase  is due to the growth of the
company in relation to the comparative  period as the comparative period reports
the first three months of operations  from  inception.  Research and development
expenses for the nine-month period ended September 30, 2000 were $555,929.

BUSINESS DEVELOPMENT

     Business development  consists primarily of marketing,  investor relations,
travel, and printing expenses. Business development expenses for the three-month
period  ended  September  30,  2000 were  $123,031  compared  to $10,774 for the
three-month  period ended  September 30, 1999. The increase is due to the growth
of the company in relation to the comparative  period as the comparative  period
reports  the  first  three  months  of  operations  from   inception.   Business
development  expenses for the  nine-month  period ended  September 30, 2000 were
$384,934.

                                       9
<PAGE>
OFFICE

     Office expenses consist primarily premises rent, computer equipment leases,
computer  maintenance  and storage,  salary  expenses and  recruiting  expenses.
Office  expenses  for the  three-month  period  ended  September  30,  2000 were
$243,807  compared to $28,649 for the  three-month  period ended  September  30,
1999.  The  increase  is due to the  growth of the  company in  relation  to the
comparative  period as the comparative  period reports the first three months of
operations  from  inception.  Office  expenses for the  nine-month  period ended
September 30, 2000 were $667,905.

INTEREST AND OTHER INCOME

     Interest  and other  income  consist of  interest  earned on cash and money
market  investments  and gains realized from the sale of marketable  securities.
Interest and other income for the three month  period ended  September  30, 2000
was $22,397  compared to $41,882 for the three-month  period ended September 30,
1999.  The decrease was due to gains  realized on the sale of  securities in the
comparative  period.  Interest and other income for the nine-month  period ended
September 30, 2000 was $41,882.

LOSS FOR THE PERIOD

     As a result of the foregoing, we incurred a loss for the three months ended
September 30, 2000 of $934,266 or approximately  $(0.04) per share compared to a
loss of $189,047 and ($0.01) per share for the three months ended  September 30,
1999.  We  incurred  a loss for the nine  months  ended  September  30,  2000 of
$2,132,258 or approximately $(0.11) per share.

LIQUIDITY AND CAPITAL RESOURCES

     Our cash totaled  $161,104 at September 30, 2000, as compared with $672,038
at December 31, 1999, a decrease of $510,934. Net cash of $1,069,876 was used in
operations  for the nine months ended  September 30, 2000,  primarily  resulting
from our net loss for the period. Net cash used by investing  activities for the
nine months ended  September 30, 2000 was  $183,448,  resulting  primarily  from
fixed asset purchases and advances made to related parties. Net cash provided by
financing activities for the nine months ended September 30, 2000 was $1,710,250
resulting from the issuance of new capital stock.

     We cannot  predict  the timing and amount of future  capital  expenditures.
However, we believe that the cash on hand will be sufficient to fund our current
operations  through  the first  quarter  of 2001.  We intend to  accelerate  our
development and  infrastructure  spending in the coming calendar  quarters if we
have sufficient available capital resources.  Beyond that period, we may require
additional financings,  which may come from future equity or debt offerings that
could result in further dilution to our  stockholders.  Adequate capital may not
be available at that time and the lack of such capital  could  adversely  affect
our business.

                                       10
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     Not applicable.

ITEM 2. CHANGES IN SECURITIES

     During  September 2000, we issued to three accredited  investors  2,075,000
shares of common  stock at $0.20 per share,  or an aggregate  offering  price of
$415,000.  We issued these shares without  registration under the Securities Act
in reliance on the exemption  provided by Section 4(2) of the Securities Act and
Rule 506 of  Regulation D promulgated  thereunder as a transaction  by an issuer
not involving a public offering.

     During  September  2000, we issued  261,929 shares of common stock at $1.19
per share to four  consultants  in  consideration  for services  rendered to our
company. We issued these shares without registration under the Securities Act in
reliance on the exemption  provided by Section 4(2) of the  Securities  Act as a
transaction by an issuer not involving a public offering.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     Not applicable.

ITEM 5. OTHER INFORMATION

     Not applicable.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits

         Exhibit No. 27 - Financial Data Schedule

     (b) Reports on Form 8-K

          Not applicable.

                                       11
<PAGE>
                                   SIGNATURES

         Pursuant  to the  requirements  of  Section  12 of the  Securities  and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                              QUOTEMEDIA.COM, INC.


                                              Dated: November 16, 2000


                                              By: /s/ R. Keith Guelpa
                                                 ---------------------------
                                                 R. Keith Guelpa, President

                                       12