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: June 30, 2000

                         Commission File Number: 0-28599



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



                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   91-2008633
                                   ----------
                        (IRS Employer Identification No.)

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

                                      85260
                                      -----
                                   (Zip Code)

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

                         11100 NE 8th Street, Suite 300
                           Bellevue, Washington 98004
                           --------------------------
                    (Former address of small business issuer)

 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 ____.

The number of shares of the  registrant's  only class of common stock issued and
outstanding, as of June 30, 2000 was 19,240,683 shares.

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<PAGE>



                                     PART I

ITEM 1.           FINANCIAL STATEMENTS.

         The unaudited financial  statements for the six month period ended June
30, 2000, are attached hereto.

ITEM 2.           MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

         The  following  discussion  should  be read  in  conjunction  with  the
Financial  Statements and notes thereto included herein. In connection with, and
because it desires to take  advantage  of, the "safe  harbor"  provisions of the
Private  Securities  Litigation Reform Act of 1995, the Company cautions readers
regarding  certain  forward looking  statements in the following  discussion and
elsewhere in this report and in any other statement made by, or on the behalf of
the 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 the Company's  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, the
Company.  The  Company  disclaims  any  obligation  to  update  forward  looking
statements.

Plan of Operation

         QuoteMedia's  business  strategy  is to offer  the  market  proprietary
software applications  including i) Financial content software engines; ii) Kool
Tools(TM); and iii) Corporate Tools(TM).

Financial content software engines

         Quotemedia's   financial  content  software  engine  is  a  proprietary
software  application which is intended to power large web portals. The software
is  customizable  to meet the  needs of a client  on a  private  branded  basis.
Currently   Quotemedia's  financial  content  software  engine  powers  its  own
corporate website and one private branded website. This application was launched
in February, 2000.

Website

         QuoteMedia's  corporate website provides financial  information,  tools
and services worldwide via the Internet in what management  believes is a simple
and direct format that is as appealing to the

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<PAGE>



novice as it is to the more experienced cyber investor.  The Company's tools and
features  provide  access  to  investment  information  for  research  purposes,
utilizing  the  Company's  financial  content  software  engines  and modules to
provide users instant access to timely quotes, financial data, stock market news
and other media coverage. These include but are not limited to:

-        Comprehensive online global financial and market information

-        User-driven transaction based portfolio management system

-        Desktop access to a complete suite of interactive applications
-        Graphical user interface

-        Web technologies, including Java, XML, Live Video/Audio
         Broadcasts

-        Streaming Delayed and Real-Time stock quotations

-        Interactive historical and live intra-day charting

-        Comprehensive search functionality

-        International editorial and market commentaries

-        Scrolling personalized stock tickers

-        Active Desktop components

         QuoteMedia's   web  content   software   engines  and  proprietary  web
applications  are readily  customized as a branded  information rich gateway for
financial information,  analytic applications and e- commerce.  QuoteMedia makes
the above  solutions  available  internationally  to large web portals and other
select companies on a private branded basis.  QuoteMedia  expects to profit from
this  strategy as it derives the page views from these  private  branded  sites,
which in turn should increase our revenue base.

Kool Tools(TM) financial information software applications

         QuoteMedia's Kool Tools(TM)  software  applications are a suite of Java
applets that deliver stock market information. Kool Tools(TM) are differentiated
by visual layout,  functionality,  and content type. Typical content consists of
stock and market index quotes,  news  headlines,  and  historical  charts.  Kool
Tools(TM) functionality allows a user to enter a stock or market symbol and link
to detailed information provided by QuoteMedia's  QuoteBrowser(TM) financial web
application.

         These tools are aimed  primarily  at  webmasters  who add them to their
site in order to enhance the "stickiness" of the site.  Individual users can add
the tools directly to their desktops.

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<PAGE>



Several versions of Kool Tools(TM) products are currently under development and,
while no assurances can be provided,  it is expected that these products will be
ready for launch by the third quarter of 2000.

         QuoteMedia  expects to profit  from this  product  line as the  Company
hopes to license  Kool  Tools(TM) to thousands of sites which all link back to a
central  QuoteMedia  source.  The  expected  traffic  is hoped  to  dramatically
increase the number of QuoteMedia page views and thus increase our revenue base.

Corporate Tools(TM) financial information software applications

         Corporate  Tools(TM)  are web  applications  which will be  targeted at
corporate  Intranets  or  corporations  such  as  those  in  the  mutual  funds,
insurance,  or  financial  planning  industries  who  are  expected  to  license
QuoteMedia's  "Portfolio  Manager"  or "Stock  Watch"  applications  in order to
provide  a premium  service  for their VIP  customers  or  employees.  Corporate
Tools(TM) revenues are expected to be derived from a combination of license fees
and user fees. It is hoped that this product line will be launched in the fourth
quarter of 2000.

Target Markets

         Potential markets identified by QuoteMedia for our products include:

         1.       Large established web portals
         2.       Brokerage firms, banks and other financial institutions
         3.       Corporate Intranets via Corporate Tools(TM)
         4.       Wireless (WAP) Portals
         5.       Any smaller websites, which can benefit by providing
                  financial content via QuoteMedia's Kool Tools(TM)

         As of the date of this report, we have negotiated a number of contracts
with  major  providers  of  financial  content,  including  but not  limited  to
StockPoint  Inc.,  which provides quotes,  charts,  company  background data and
general  information;  Thomas Information Services Inc., which provides research
reports,  analysis and educational  data;  CNBC/Dow Jones,  which provides video
feeds;  IPO.com Inc., which provides IPO  information;  Market Guide Inc., which
provides company  performance  reports,  financial  analysis and a " What's Hot,
What's Not" report;  and Prophet  Financial  Systems Inc.,  which provides stock
charting.

         The contracts with the aforementioned  companies have a term of between
one and three years and are based upon a  worldwide  license fee and/or cost per
thousand page view format.  We have  commitments with respect to these contracts
totaling  $673,953,  $673,953  and  $561,627  in  years  2000,  2001  and  2002,
respectively.  While no  assurance  can be  provided,  we  expect  that  similar
additional

                                        4


<PAGE>



agreements with key content providers will be reached in the future as the reach
of the Company's information source is expanded.

Revenue Model

         The  Company's  multi faceted  revenue  sources are evolving over time.
QuoteMedia's revenue sources are varied but are expected to center on three main
categories as described below.

         Licensing Revenue. The Company expects to earns monthly revenue through
licensing  fees for Kool Tools(TM)  information  software  applications  such as
tickers,  quote boxes and other products used by smaller websites worldwide.  We
also expect to derive fees from licensing our turnkey private branded  financial
content  software  engines  to  large  web  portals  or  through  our  Corporate
Tools(TM), targeted at Corporate Intranets or VIP customers.

         Sponsorship/Advertising  Revenue. We currently earn advertising revenue
from our North  American  corporate  site  under  the  terms of our  advertising
agreement with DoubleClick,  a leading provider of comprehensive global Internet
advertising solutions for marketers and web publishers.

         QuoteMedia's  advertising revenue is expected to include sponsorship or
cyber  billboards,  buttons,  key words and hot corners on our own  website,  on
other private branded websites and in the future on our Kool Tools(TM) products.
By aggregating  page views using other websites  traffic in addition to our own,
management believes that the Company will be able to build a revenue base faster
than attempting a pure branded approached.

         Transaction  Revenue.  QuoteMedia,  in the  future,  will  provide  our
partners with online trading  technologies that are engineered to interface with
existing ECN's such as Island or Instinet.  Through their partners'  established
clearing firm relationships,  QuoteMedia will accommodate buy/sell  transactions
for a percentage fee per transaction.

         In  addition  to  the  aforesaid  three  prospective  revenue  streams,
management  also  expects to derive  transaction  revenue  from  online  sale of
related goods and services. The Company will offer financial books, magazine and
newsletter  subscriptions,  investment  software,  investment  tools  and  other
relevant  goods and services and it will be  compensated  on a  transaction  fee
basis.

Marketing

         QuoteMedia's  products will be marketed through a combination of direct
sales and online  wholesale  aggregation  strategies.  The Company is  currently
building a sales team consisting of account managers and executive  salespersons
to market and distribute  our products  throughout  North America.  QuoteMedia's
multi-faceted direct

                                        5


<PAGE>



sales team will be responsible for the sale of private label contracts,  content
and related  products and tools to financial  institutions,  or other  financial
sites.

         The  Company's   marketing   communications   strategy  will  encompass
extensive promotions on and off line, directed at cyber investors, institutional
clients,  corporate  advertisers  and  public  company  audiences.   Promotional
campaigns  may be comprised of digital or online  marketing,  direct  marketing,
print media  advertising and public  relations.  To accomplish  sales goals, the
Company has  engaged an Internet  advertising  network/agency  (DoubleClick)  to
promote the sale of advertising space on the website.

         Management   acknowledges   that  simply  having  a  website  does  not
automatically  guarantee reaching millions of customers.  The Company expects to
expand our online presence by placing our name,  Internet address,  identity and
message in front of as many end users as possible in a manner that is respectful
of Internet  culture.  QuoteMedia  may use one or more of the  following  listed
online tools to accomplish these goals:

         (i) Usenet  Newsgroups - A newsgroup  is a place on the Internet  where
groups of people post and read messages on a particular  topic.  QuoteMedia will
participate  in  industry  related  newsgroups  to gain  visibility  and develop
relationships  with  our  target  audience.  Newsgroups  offer a  great  deal of
marketing  leverage because their potential  audience includes  participants who
are interested in related topics.

         (ii)  Mailing  Lists - Mailing  lists are not  direct  mail  lists but,
rather,  they are similar to e-mail newsletters or on-going dialogues  dedicated
to special interests. Like newsgroups where messages are posted, e-mail messages
are sent to specific  mailing  lists.  QuoteMedia  will  participate  in special
interest mailing lists to gain visibility among a targeted audience and generate
site traffic.

         (iii)  Internet  Advertising -  Advertising  online is expected to help
create  visibility in cyberspace.  The Company will develop,  purchase and place
banner ads with links to its site on  industry-  related and high volume  search
engines.  These ads are expected to promote its online  presence and help direct
traffic to the site.  QuoteMedia will employ online ad networks and brokers such
as Web Connect to guide  purchase of ad space on appropriate  sites.  QuoteMedia
will also  actively post notices on What's New sites and  newsgroups  that cover
new Net features and websites.  The Company  anticipates  submitting its site to
all What's Cool rating  services and contests in order to position as a "best of
breed" site.

         (iv)  Search  Engines,  Directories,  Regional  Indexes,  and  Business
Indices - The Company intends to register and list its web addresses with search
engines and directories such as Yahoo, Lycos,

                                        6


<PAGE>



Web   Crawler  and   Infoseek.   A   professional   service   company   such  as
www.submitit.com,  www.netcreations.com,  or  www.mgroup.com  may be employed to
register the appropriate  URLs with the most  significant  search engines.  When
registering,  the Company will include keyword sensitive content tags and titles
to  ensure  that it  results  in the top 20 or better  on most  search  returns.
Professional services will also be employed to list its URL with numerous e-mail
directories  (similar to the White  pages),  business and  regional  indices and
promotional sites.

         (v)  Mutual  Links - For  every  search  engine  there are at least 100
special interest websites  dedicated to a specific market.  Management  believes
that creating mutual links can be more powerful than listing with search engines
and directories  because mutual links allow us to target a very specific market.
This  tactic is  considerably  more  successful  than banner ads, as the link is
perceived by the user to be "information"  rather than  advertising.  QuoteMedia
will attempt to select  industry-related  and trade association  websites (NIRI,
CIRI,  and  American   Association  for  Individual   Investors)  and  negotiate
reciprocal links to and from their web pages.

         (vi) Public  Relations  -  QuoteMedia  has engaged the  services of the
public  relations  company Investor  Relations  Group,  Inc. (IRG) to devise and
implement an aggressive public relations  campaign.  IRG will act as the primary
spokesperson for the Company and will be expected to create and distribute press
kits to appropriate  audiences to acquire substantial exposure for QuoteMedia on
local,  national and radio talk shows an TV  magazines  shows both in Canada and
the US. IRG will also be responsible  for organizing  press tours and interviews
to further  enhance  editorial  coverage for us in key  business and  technology
magazines and newspapers.

Results of Operations

         We began  generating  revenues  from  operations  during  the six month
period  ended June 30,  2000.  As a result,  this  report  does not  contain any
comparative  information,  as there is nothing with which to compare our current
results of operations.

         Revenues  for  this  period  totalled   $14,213,   which  consisted  of
advertising  fees generated from  sponsorship  advertising sold on the Company's
own  website.  Sponsorship  advertisements  are  sold  under  the  terms  of our
advertising  agreement with  Doubleclick,  a leading  provider of  comprehensive
global Internet advertising solutions for marketers and web publishers.

         While the Company did earn revenue during the period, it was still in a
development stage.  Management expects revenues to significantly increase in the
fourth  quarter  of 2000,  when it  begins  to  aggressively  market  its  newly
developed products.

                                        7


<PAGE>



         Operating costs,  including selling,  general and administrative  costs
totalled  $1,254,087.  Included in these costs were Website content  expenses of
$281,912.  Website  content  expenses  consist  primarily  of  fees  paid to the
Company's  strategic  partners  for  providing  financial  content such as stock
quotes, charts,  company background data and general information.  Also included
were  professional  fees of $75,402 and  research  and  development  expenses of
$210,772 for the six-month period ended June 30, 2000.  Research and development
expenses consist primarily of costs associated with the design,  programming and
testing of the Company's software applications.

         As a result,  we incurred a loss during the six month period ended June
30, 2000, of $(1,220,389), or approximately $(.07) per share.

Liquidity and Capital Resources

         The Company's cash and cash  equivalents  totaled  $727,379 at June 30,
2000, as compared to $672,038 at December 31, 1999, an increase of $55,341.  Net
cash of $1,069,876  was used in operations  for the six-month  period ended June
30, 2000,  primarily  resulting from the Company's net loss for the period.  Net
cash used by investing  activities for the six-month  period ended June 30, 2000
was $170,033,  resulting  primarily from fixed asset purchases and advances made
to related parties.  Net cash provided by financing activities for the six-month
period ended June 30, 2000 was $1,295,250  resulting from a private  offering of
common  stock which closed  February  29, 2000,  wherein we sold an aggregate of
1,726,999  shares of common  stock at an  offering  price of $0.75 per share and
derived net proceeds of $1,295,250 therefrom.

         The Company intends to raise additional  capital through private equity
financing to satisfy working capital and capital expenditure  requirements until
the  Company  achieves  positive  cash  flows.  As of the  date of this  report,
management has not made any decisions on the structure of any new financing, nor
does the Company have any  commitment  from any third party to raise  additional
cash, either debt or equity.  Failure of the Company to raise additional cash in
the foreseeable  future will have a negative  impact on management's  ability to
successfully implement the Company's business plan described herein.

TRENDS

         In July 2000,  QuoteMedia  launched its proprietary  Kool Tools(TM) web
applications  and began  marketing  this unique suite of products to  webmasters
worldwide.  Quotemedia also has licensed its Kool Tools(TM) suite of products to
Bravenet.com.  Kool Tools is  expected to enable  Bravenet  to offer  customized
online financial  content and news to its  approximately  one million  worldwide
website members. QuoteMedia expects to derive revenue from this contract through
a

                                        8


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combination of license fees and advertising revenue from page view banner ads.

          As of  the  date  of  this  report,  the  Company  has  established  a
contractual  relationship  with  over  1,000  unrelated  websites  for our  Kool
Toolstm.  QuoteMedia  intends to develop  more  licensing of our software in the
future and we will pursue a dual sales  strategy of  targeting  well-established
web portals that can  demonstrate  significant  registered user bases as well as
smaller websites,  worldwide.  We also intend to identify,  purchase and develop
additional  proprietary  technologies and information tools in the sports, music
and movies area to enhance our software applications Kool Tools product line and
help build a strong market differentiation.  There can be no assurances that our
efforts in this regard will be successful.

         QuoteMedia's  management  believes it can begin generating profits from
operations by the second  quarter of 2001 based on the early results of the Kool
Tool(TM)  launch.  However,  no assurances  can be provided that this will occur
within the time parameter stated herein, or at all.

Inflation

         Although  management expects that the operations of the Company will be
influenced by general economic conditions once the Company commences  generating
revenues,  the Company does not believe that inflation had a material  effect on
the results of operations during the six-month period ended June 30, 2000.

                           PART II. OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS - NONE

ITEM 2.           CHANGES IN SECURITIES - NONE

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES - NONE

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

                  NONE

ITEM 5.           OTHER INFORMATION - NONE

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K -

                  (a)      Exhibits

                           EX-27    Financial Data Schedule

                                        9


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                  (b)      Reports on Form 8-K

                  No reports on Form 8-K were  filed by the  Company  during the
six month period ended June 30, 2000.

                                       10


<PAGE>

<TABLE>


                              QUOTEMEDIA.COM, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

<CAPTION>
                                                    (Unaudited)  (Audited)
                                                      June 30,  December 31,
                                                        2000        1999
                                                     ----------   ----------
<S>                                                  <C>          <C>
ASSETS

CURRENT

     Cash and cash equivalents                       $  727,379   $  672,038
     Marketable securities                               74,860      102,500
     Accounts receivable                                  4,602       23,931
     Prepaid expenses                                   274,000            0
     Deposits                                            48,921            0
                                                     ----------   ----------
                                                      1,129,762      798,469

Fixed assets                                             49,676       14,206

Investments and advances                                161,638            0
                                                     ----------   ----------
                                                     $1,341,076   $  812,675
                                                     ==========   ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT

     Accounts payable                                   203,030      130,240
     Due to related parties                                   0       13,200
                                                     ----------   ----------
                                                        203,030      143,440
                                                     ----------   ----------

STOCKHOLDERS' EQUITY

     Capital stock issued                                19,241       17,228
     Additional paid-in capital                       3,057,723    1,370,536
     Deficit                                         (1,938,918)    (718,529)
                                                     ----------   ----------
                                                      1,138,046      669,235
                                                     ----------   ----------
                                                     $1,341,076   $  812,675
                                                     ==========   ==========









                             See accompanying notes
</TABLE>

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<PAGE>

<TABLE>


                              QUOTEMEDIA.COM, INC.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS
                                   (Unaudited)

<CAPTION>
                                                    Three Months  Six Months
                                                        Ended       Ended
                                                       June 30,    June 30,
                                                         2000        2000
                                                      ----------  ----------
<S>                                                  <C>          <C>
Operating revenue

   Advertising                                       $     7,422  $   14,213
                                                     -----------  ----------
                                                           7,422  $   14,213

Operating expenses

   Website content                                       171,319     281,912
   Professional fees                                      56,946      75,402
   Research and development                              136,927     210,772
   Business development                                  132,547     261,903
   Office                                                238,366     424,098
                                                     -----------  ----------
                                                         736,104   1,254,087
                                                     -----------  ----------
Operating loss                                          (728,682) (1,239,874)

Interest and other income                                 16,789      19,485
                                                     -----------  ----------
Loss for the period                                     (711,893) (1,220,389)
                                                     ===========  ==========

Basic loss per share                                 $     (0.04) $    (0.07)
                                                     ===========  ==========

Diluted loss per share                               $     (0.03) $    (0.06)
                                                     ===========  ==========










                             See accompanying notes
</TABLE>

                                       12


<PAGE>




                              QUOTEMEDIA.COM, INC.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS
                                   (Unaudited)

                                                                  Six Months
                                                                     Ended
                                                                    June 30,
                                                                      2000
                                                                  -----------


CASH FLOWS FROM OPERATING ACTIVITIES

Loss for the period                                               $(1,220,389)

Adjustments to reconcile loss to net cash
used in operating activities

     Depreciation                                                       5,620
     Gain on sale of marketable securities                             (5,055)
     Issuance of capital stock for services                           393,950

Changes in non-cash working capital items

     Accounts receivable                                               19,329
     Prepaid expenses                                                (274,000)
     Deposits                                                         (48,921)
     Accounts payable                                                  72,790
     Due to related parties                                           (13,200)
                                                                  -----------
                                                                   (1,069,876)

                                                                  -----------

Cash flow from investing activities

     Proceeds on sale of marketable securities                         26,785
     Write-down of marketable securities                                5,910
     Fixed assets                                                     (41,090)
     Due from related parties                                        (161,638)
                                                                  -----------
                                                                     (170,033)

                                                                  -----------
Cash flow from financing activities

     Issuance of capital stock for cash                             1,295,250
                                                                  -----------
                                                                    1,295,250

                                                                  -----------
Net increase in cash                                                   55,341

Cash, Beginning                                                       672,038
                                                                  -----------

Cash, Ending                                                      $   727,379
                                                                  ===========

Cash and cash equivalents include cash and money market investments





                                       13


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                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                      Six-Month Period Ended June 30, 2000

1.       Unaudited Interim Financial Statements

         The accompanying  unaudited financial  statements have been prepared in
         accordance with the  instructions  for Form 10 - QSB and 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.

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 it's 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 to be  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.

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<PAGE>



                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                      Six-Month Period Ended June 30, 2000


         Earnings per share

         Earnings per share have been  computed  based on the  weighted  average
         number of common shares outstanding.  For the six-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.

3.       History and Business Activity

         The  Company was  incorporated in the state of Nevada on June 29, 1992,
         under  the  name  "Genetic  Futures,  Inc."  Since its  inception,  the
         Company  has  undertaken to implement  numerous  business plans and, in
         relation  to  such  various  businesses,  has  been  known  under  many
         different  names,  including (in order) Physician's Cybernetic Systems,
         Inc.,   Videocom  International,   Inc.,  Canadian  Tasty  Fries,  Inc.
         International  Tasty Fries, Inc., Filtered Souls  Entertainment,  Inc.,
         Skyline   Entertainment,   Inc.,   and,   finally   its  current  name,
         QuoteMedia.com,  Inc.  The name was  changed  to  QuoteMedia.com,  Inc.
         concurrent with the business combination  described in Note 2. Prior to
         such business combinations,  Old QMI had  not engaged in any operations
         or generated any revenue.

4.       Comparative Figures

         There are no comparative  figures as Old QMI, the surviving  entity for
         accounting purposes, commenced operations on June 28, 1999.

                                       15


<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.
                                        (Registrant)

                                        Dated:  August 11, 2000



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

                                       16


<PAGE>


                              QUOTEMEDIA.COM, INC.

                EXHIBIT INDEX TO QUARTERLY REPORT ON FORM 10-QSB
                       FOR THE QUARTER ENDED JUNE 30, 2000

EXHIBITS                                                                Page No.

  EX-27           Financial Data Schedule.....................................18



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