U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                  FORM 10-QSB




[X]  QUARTERLY  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934  for  the  quarterly  period  ended  December  31,  2003

[ ]  TRANSITION  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT  OF  1934  for  the  transition  period  from  _______  to  _______

                        COMMISSION FILE NUMBER: 000-28657
                        ---------------------------------

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


          Nevada                                          87-0374559
          ------                                          ----------
(State or other jurisdiction of                 (IRS Employeridentification No.)
incorporation or organization)


            2969 Interstate Street, Charlotte, North Carolina 28208
            -------------------------------------------------------
                    (Address of principal executive offices)

                                 (704) 393-7591
                                 --------------
                          (Issuer's telephone number)



Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act 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 [ ]

Number  of  shares  of  common  stock  outstanding  as  of  December  31,  2003:
15,134,306.


Number of shares of preferred stock outstanding as of December 31, 2003: None





                              INDEX TO FORM 10-QSB
                              --------------------

                                                                        Page No.
                                                                        --------
PART I
------

Item 1.     Financial Statements (Unaudited)

            Balance Sheet -December 31, 2003                                   3

            Statements of Operations - Three and Nine months
            Ended December 31, 2003 and 2002                                   4

            Statements of Cash Flows - Nine months
            Ended December 31, 2003 and 2002                                   5

            Notes to Financial Statements                                    6-7

Item 2.     Management's Discussion and Analysis of Financial Condition
            And Results of Operations                                        7-9

Item 3.     Quantitative and Qualitative Disclosures About Market Risk         9

Item 4.     Controls and Procedures                                            9

PART II
-------

Item 1.     Legal Proceedings                                                 10

Item 2.     Changes in Securities                                             10

Item 3.     Defaults Upon Senior Securities                                   10

Item 4.     Submission of Matters to a Vote of Security Holders               10

Item 5.     Other Information                                                 10

Item 6.     Exhibits and Reports on Form 8-K                                  10





<TABLE>
<CAPTION>


                              PEOPLESWAY.COM, INC.
                                  BALANCE SHEET
                            AS OF DECEMBER 31, 2003
===============================================================================

<S>                                                           <C>
                                                                 (Unaudited)
                            ASSETS                            December 31, 2003
                            ------                            -----------------

CURRENT ASSETS:
---------------
   Cash and cash equivalents                                  $           3,835
   Prepaid expenses                                                     103,780
      TOTAL CURRENT ASSETS                                              107,615
                                                              -----------------

FIXED ASSETS:
-------------
   Furniture and office equipment                                        16,321
   Accumulated depreciation                                             (12,101)
   NET FIXED ASSETS                                                       4,220
         TOTAL ASSETS                                         $         111,835
                                                              -----------------

                      LIABILITIES AND STOCKHOLDERS' DEFICIT
                      -------------------------------------


CURRENT LIABILITIES:
--------------------
   Accounts payable and accrued expenses                      $         117,897
   Excess of outstanding checks over bank balance                         4,278
   Deferred revenue - prepaid certificate                               197,102
   Current portion of notes payable                                     135,000
   Due to Related Parties                                                10,040

      TOTAL CURRENT LIABILITIES                                         464,317
                                                              -----------------

LONG TERM LIABILITIES:
----------------------
   Notes payable                                                         12,408
      TOTAL LONG TERM LIABILITIES                                        12,408

      TOTAL LIABILITIES                                                 476,725
                                                              -----------------

STOCKHOLDERS' DEFICIT:
----------------------
   Common stock ($.001 par value, 100,000,000
     shares authorized; 15,134,306 and 15,033,696
     issued and outstanding at December 31, 2003
     and March 31, 2003, respectively)                                   15,134
   Additional paid-in-capital                                           449,577
   Retained deficit                                                    (829,601)

      TOTAL STOCKHOLDERS' DEFICIT                                      (364,890)

         TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT          $         111,835
                                                              -----------------



</TABLE>


<TABLE>
<CAPTION>


                              PEOPLESWAY.COM, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
         FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2003 AND 2002
================================================================================

<S>                          <C>          <C>            <C>          <C>

                               Three Months Ended          Nine Months Ended
                                  December 31,               December 31,
                                2003         2002           2003         2002
                             ----------   ----------     ----------   ----------

REVENUES AND RELATED COSTS:
---------------------------
   Retail sales              $  350,118   $  281,617     $  829,168   $1,070,185
   Less: Distributor allowance
     on product purchases      (110,469)     (52,924)      (220,629)    (157,449)
                             ----------   ----------     ----------   ----------
                                239,649      228,693        608,539      912,736
   Other revenue                      0          371              0       14,431
                             ----------   ----------     ----------   ----------
      NET REVENUES              239,649     229,064         608,539      927,167

COST OF RETAIL SALES           (108,679)   (112,072)       (290,229)    (434,631)
                             ----------   ----------     ----------   ----------
      GROSS PROFIT              130,970     116,992         318,310      492,536
                             ----------   ----------     ----------   ----------

EXPENSES:
---------
   Selling, general and
     administrative             104,237      112,515        311,463      491,796
                             ----------   ----------     ----------   ----------
      TOTAL EXPENSES            104,237      112,515        311,463      491,796
                             ----------   ----------     ----------   ----------

      OPERATING INCOME  (LOSS)   26,733        4,477          6,547          740

OTHER EXPENSES:
---------------
   Interest Expense              (2,807)      (7,534)        (8,222)     (12,310)
   Writedown of receivable      (27,343)    (343,677)       (23,418)    (343,677)
                             ----------   ----------     ----------   ----------
      TOTAL OTHER EXPENSES      (30,150)    (351,211)       (31,640)    (355,987)
                             ----------   ----------     ----------   ----------

      NET INCOME (LOSS)      $   (3,417)  $ (346,734)    $  (24,793)  $ (355,247)
                             ==========   ==========     ==========   ==========

   Net income (loss) per
     share - basic and
     fully diluted           $      .00   $     (.02)    $      .00   $     (.03)
                             ==========   ==========     ==========   ==========
   Weighted average shares
     outstanding             15,087,305   14,862,012     15,087,305   14,181,316
                             ==========   ==========     ==========   ==========




</TABLE>

<TABLE>
<CAPTION>



                              PEOPLESWAY.COM, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)
              FOR THE NINE MONTHS ENDED DECEMBER 31, 2003 AND 2002
===============================================================================
<S>                                                  <C>             <C>

                                                        2003            2002
                                                     ----------      ----------


CASH FLOWS FROM OPERATING ACTIVITIES:
-------------------------------------


   Net loss                                          $  (24,793)     $ (355,247)
   Adjustments to reconcile net income (loss)
     to net cash provided by Operating activities:
      Depreciation                                        2,448           2,448
      Common stock issued for services                   21,840         145,082
      Reserve for uncollectible debt                          0         343,677
     (Increase) decrease in prepaid expenses                379             417
     (Increase) in inventory                                  0            (607)
     (Increase) Other Assets                                  0        (207,620)
      Increase (Decrease) in accounts payable
        and accrued expenses                              4,800          88,488
     (Decrease) in excess of outstanding checks
        over bank balances                               (3,806)              0
      Increase (decrease) in deferred revenue
        - prepaid certificate                            (2,981)         (2,343)
     (Increase) in due from related parties                   0          (4,148)
                                                     ----------      ----------
         NET CASH PROVIDED (USED) BY
           OPERATING ACTIVITIES                          (2,113)         10,147
                                                     ----------      ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
------------------------------------
   Proceeds from notes payable                           15,097          35,936
  (Payment of) notes payable                             (2,659)        (18,624)
   Proceeds from (payments to) related parties           (6,500)        (28,430)
                                                     ----------      ----------
      NET CASH (USED IN) FINANCING ACTIVITIES             5,908         (10,758)
                                                     ----------      ----------

      NET INCREASE (DECREASE) IN CASH AND
        CASH EQUIVALENTS                                  3,795            (611)

CASH AND CASH EQUIVALENTS:
   BEGINNING OF THE PERIOD                                   40           2,542
                                                     ----------      ----------

   END OF PERIOD                                     $    3,835      $    1,931
                                                     ==========      ==========

SUPPLEMENTARY CASH FLOW INFORMATION OF
NON-CASH FINANCING:
   Common stock issued for services                  $   21,840      $  145,082
                                                     ==========      ==========


</TABLE>



    The accompanying notes are an integral part of these financial statements



                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------
                              PEOPLESWAY.COM, INC.
                          DECEMBER 31, 2003 (UNAUDITED)


ITEM  1.
--------

NOTE  1  -  BASIS  OF  PRESENTATION
-----------------------------------

     The  accompanying  unaudited  financial  statements  have  been prepared in
accordance  with  accounting  principles  for  interim financial information and
pursuant to the rules and regulations of the Securities and Exchange Commission.
Accordingly,  they  do not include all of the information and footnotes required
by  accounting  principles generally accepted in the U.S. for complete financial
statements.  These  financial  statements should be read in conjunction with the
financial  statements  and  notes for the year ended March 31, 2003 appearing in
the  Company's  annual  report  on  Form 10-KSB as filed with the Securities and
Exchange  Commission.

     In  the  opinion  of management, the unaudited financial statements contain
all  adjustments  consisting  only  of  normal  recurring  accruals  considered
necessary  to  present  fairly  the Company's financial position at December 31,
2003  (unaudited), the results of operations for the three and nine months ended
December  31,  2003  and 2002, and cash flows for the nine months ended December
31,  2003 and 2002. The results for the nine months ended December 31, 2003, are
not  necessarily  indicative of the results to be expected for the entire fiscal
year  ending  March  31,  2004.

NOTE  2  -  GOING  CONCERN
--------------------------

     The Company has suffered recurring losses and has an accumulated deficit of
$829,601  at  December 31, 2003. These factors raise substantial doubt about the
Company's  ability  to  continue  as  a  going  concern. The Company's continued
existence  is  dependent  upon its ability to resolve its business and liquidity
problems,  principally  through  raising  additional  capital and increasing its
sales.  Management's  plans  with  regard  to this matter are to seek additional
capital  for operations through either debt or equity and increase sales through
creation  of  new  products  and  adding additional distribution channels. These
financial  statements do not include any adjustments that might result from this
uncertainty.

NOTE  3  -  WRITE-DOWN  OF  RELATED  PARTY  RECEIVABLE
------------------------------------------------------

During  the  three  months  ended  December  31,  2002,  the Company provided an
allowance  of  $343,677  for an uncollectable related party receivable from DRM,
Inc.,  a  company  controlled by our Chairman. We have received notice that DRM,
Inc.  intends  to  fully repay the receivable. However, it has current liquidity
problems  and  insufficient collateral to secure the receivable. As such, we are
reserving  the  entire  balance  to  bad  debt.


ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION
--------

     With the exception of historical facts stated herein, the matters discussed
in  this  report  are  "forward  looking"  statements  that  involve  risks  and
uncertainties  that  could  cause  actual  results  to  differ  materially  from
projected  results.  Any  statements that express, or involve discussions as to,
expectations,  beliefs,  plans,  objectives,  assumptions  or  future  events or
performance  (often, but not always, through the use of words or phrases such as
"likely  will  result,"  "are  expected  to," "will continue," "is anticipated,"
"estimated,"  "intends,"  "plans" and "projection") are not historical facts and
may  be forward-looking statements and involve estimates and uncertainties which
could  cause  actual  results  to  differ materially from those expressed in the
forward-looking  statements.  Readers  of  this  report are cautioned not to put
undue  reliance  on  "forward  looking"  statements, which are, by their nature,
uncertain  as  reliable  indicators of future performance. The Company disclaims
any  intent or obligation to publicly update these "forward looking" statements,
whether as a result of new information, future events, or otherwise. In addition
the  uncertainties  include,  but  are  not  limited  to  competitive conditions
involving  E-commerce,  and  the  sales  of  cosmetics, beauty products over the
Internet.

General  Description  of  Business
----------------------------------

     Peoplesway.Com,  Inc. ("Peoplesway") is an electronic commerce and Internet
services  company  that  maintains  an Internet destination called "Peoplesway,"
located at www.peoplesway.com. The Peoplesway Web site offers goods and services
for sale, including: cosmetics and beauty products, and health supplements which
can  be  obtained  directly  through  the  Web  site, or by calling our customer
service  team  members.  The  majority  of  our goods and services are available
through  an  alliance with DRM, Inc., a related party, and its member network of
approximately  14,000  independent  contractors  who  may  purchase  and  sell
Peoplesway  products  and  services  through  the use of our Web site. We do not
retain an inventory of any product we sell. Payment comes directly to Peoplesway
from  customers  through  a  secure  Internet  server  that  accepts credit card
transactions.  We  then  forward  these  orders  to DRM, who then will drop ship
products  to  customers  as  orders  are  received  by  Peoplesway.

RESULTS OF OPERATIONS
---------------------

For  the  Three  and  Nine  months  Ended  December  31,  2003  and  2002.

Retail  Sales  and  Net  Revenues
---------------------------------

     Net  revenues  for  the  three and nine months ended December 31, 2003 were
$239,649  on  $350,118  in retail sales and $608,539 on $829,168 in retail sales
versus  net  revenues  of  $229,064  on $281,617 in retail sales and $927,167 on
$1,070,185  in retail sales, respectively, for the comparable period in 2002, an
increase of 5% and a decrease of 34%, respectively in net revenues. The decrease
for  the nine months in net revenues was primarily attributable to the Company's
loss of a key member of our direct sales leadership team (which has historically
contributed approximately 40% to 50% of our sales), due to illness and the focus
on  three  core  products. Management began implementing a new sales strategy in
October  2003  and  added  a new key member to the sales leadership team. The 5%
increase  net  revenues  for  the  three  month  period  were  a result of these
decisions.  Net  revenues  consisted  of product sales, monthly service fees and
business  aid  sales.

Cost  of  Sales
---------------

     One  of  the  largest  factors  in the variations in the cost of sales as a
percentage  of  net  revenues  is  the  cost  of  products.

     Cost  of  sales  for the three and nine months ended December 31, 2003 were
$108,679  and  $290,229  versus  $112,072  and  $434,631  respectively  for  the
comparable period in 2002, a decrease of 3% and 33% respectively. The change was
due  to  the  correlation  between  net  revenues to cost of sales. Gross profit
margins for the three and nine months ended December 31, 2003 were approximately
55%  and  52%  versus  51%  and  53%  respectively.

Expenses
--------

     Selling,  general and administrative expenses for the three and nine months
ended December 31, 2003 were, $104,237 and $311,463 versus $112,515 and $491,796
respectively  for the comparable period in 2002, a decrease of 7% and 37%. These
expenses  were  lower  due a decrease in legal, consulting and related expenses.

Impact  of  Inflation
---------------------

     We  believe that inflation has had a negligible effect on operations during
the  year.  We  believe that we can offset inflationary increases in the cost of
sales  by  increasing  sales  and  improving  operating  efficiencies.

Trends,  Events,  and  Uncertainties
------------------------------------

     Demand  for  our  products will be dependent on, among other things, market
acceptance of the Peopleway.com concept, the quality of our Web site and general
economic  conditions,  which are cyclical in nature. Inasmuch as a major portion
of our activities is the receipt of revenues from the sales of its products, our
business  operations  may be adversely affected by our competitors and prolonged
recessionary  periods.

Liquidity  and  Capital  Resources
----------------------------------

     For  the  Nine  months  Ended  December  31,  2003  and  2002.

     Cash  flows  used  in  operations  were  $2,113  for  the nine months ended
December  31, 2003 versus cash flows provided by operations were $10,147 for the
same  period  in 2002. This was primarily due to a reduction in the use of stock
for  services  and a reduction of cash to related parties as well as a reduction
in  accounts  payable.  The  Company took a one-time write down of related party
receivables  of  $343,677  in  the  period  ended  December  31,  2002.

     Cash  flows  generated from (used in) financing activities were $21,840 for
the  nine months ended December 31, 2003 versus ($145,082) in the same period in
2002.  The  cash  flows  during the nine months ended December 31, 2003 and 2002
reflected  $3,795  and ($10,755) cash flows from (used in) financing activities,
respectively. This was primarily due a reduction in payments to related parties.

     We have funded our cash needs from inception through December 31, 2003 with
a  series  of  related  party  debt,  and  equity  transactions.

     We  will  substantially rely on the existence of revenue from product sales
over the next 12 months. If the projected revenues fall short of needed capital,
the  Company  will then need to obtain additional capital through equity or debt
financing  to  sustain  operations  for  an  additional  year.

     On  a long-term basis, liquidity is dependent on continuation and expansion
of  operations,  receipt  of  revenues, additional infusions of capital and debt
financing.  However,  there  can  be no assurance that we will be able to obtain
additional  equity  or debt financing in the future, if at all. If we are unable
to  raise  additional  capital, our growth potential will be adversely affected.
Additionally,  we  will  have  to  significantly  modify  our  plans.

ITEM  3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
--------

RISK

     We  do  not  have  any  material  risk  with  respect to changes in foreign
currency exchange rates, commodities prices or interest rates. We do not believe
that  we  have  any  other  relevant  market risk with respect to the categories
intended  to  be  discussed  in  this  item  of  this  report.

ITEM  4.     CONTROLS AND PROCEDURES
--------

(a)  As  of  December  31,  2003,  senior  management  made an evaluation of our
     disclosure controls and procedures. In our opinion, the disclosure controls
     and  procedures are adequate because the systems of controls and procedures
     are  designed  to  assure, among other items, that 1) recorded transactions
     are  valid;  2)  valid  transactions  are recorded; and 3) transactions are
     recorded  in  the  proper  period  in  a timely manner to produce financial
     statements  which  present  fairly  the  financial  condition,  results  of
     operations  and  cash  flows  for  the  respective periods being presented.
     Moreover,  the  evaluation  did  not reveal any significant deficiencies or
     material  weaknesses  in  our  disclosure  controls  and  procedures.

(b)  There have been no significant changes in our internal controls or in other
     factors  that  could  significantly  affect  these  controls since the last
     evaluation.


PART  II.  OTHER  INFORMATION
---------


Item  1.     Legal  Proceedings
--------

     The  Company  is  not a party to any legal proceedings, nor, to the best of
its  knowledge,  are  any  such  proceedings  threatened  or  contemplated.

Item  2.     Changes  in  Securities
--------

     For  the  quarter  ended December 31, 2002, certain consultants were issued
58,210  shares  of  common  stock,  in  exchange  for  services  rendered. These
transactions were valued at our closing stock prices on the dates of issuance of
$.10  or  $5,821.00.

Item  3.     Defaults  upon  Senior  Securities
--------

None.

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

None.

Item  5.     Other  Information
--------

     Consulting  agreements  with  Prosperitus  Capital  Corp. and Jean-Francios
Amyot  were  cancelled,  as  allowed  under  the  terms  of  the  agreements for
non-performance.

Item  6.     Exhibits  and  Reports  on  Form  8-K
--------
Exhibit 99 Certification of Management


     (a)  Exhibits
          --------
          3    Articles  of  incorporation,  as  amended  and  bylaws are hereby
               incorporated  by reference into Form 10-SB as amended filed March
               23,  2001.

          10.1 Consulting  agreement  with  Prosperitus  Capital  Corp.
          10.2 Consulting  agreement  with  Jean-Francois  Amyot

     (b)  Reports  on  Form  8-K
          ----------------------

          NONE



                                   SIGNATURES
                                   ----------

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

                                         PEOPLESWAY.COM, INC.
                                        (Registrant)



Date:  March 10, 2004                    /S/ Eugene Johnston
                                         -------------------
                                         Eugene Johnston
                                         Chief Executive Officer