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: March 31, 2001

                         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 Number)

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

                                      85260
                                   (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 [ ].

On May 8, 2001 the Registrant had 20,845,112 shares of common stock outstanding.
<PAGE>
                              QUOTEMEDIA.COM , INC.
                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB


                                                                            Page
                                                                            ----
Part I.  Financial Information

         Item 1.    Financial Statements                                       3

                    Balance Sheets                                             3

                    Statements of Operations                                   4

                    Statements of Cash Flows                                   5

                    Notes to Financial Statements                              6

         Item 2.    Management's Discussion and Analysis                       7

Part II. Other Information

         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

         Signatures                                                           11

                                        2
<PAGE>
                              QUOTEMEDIA.COM, INC.
                                  BALANCE SHEET
                                 MARCH 31, 2001
                                   (UNAUDITED)


ASSETS                                                            MARCH 31, 2001
                                                                   -----------
CURRENT ASSETS

Cash and cash equivalents                                          $    10,668
Marketable securities                                                   43,000
Accounts receivable                                                      1,073
Deposits                                                                30,814
                                                                   -----------
Total current assets                                                    85,555

Fixed assets, net                                                       43,954
                                                                   -----------
                                                                   $   129,509
                                                                   ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable                                                   $   221,993
Deferred revenue                                                         1,708
Due to related parties, net                                              2,256
                                                                   -----------
                                                                       225,957
                                                                   -----------
STOCKHOLDERS' EQUITY

Common stock, $0.001 par value, 50,000,000 shares
authorized, 20,595,112 shares issued and outstanding                    20,595
Additional paid-in capital                                           2,954,918
Accumulated deficit                                                 (3,071,961)
                                                                   -----------
                                                                       (96,448)
                                                                   -----------
                                                                   $   129,509
                                                                   ===========

                             SEE ACCOMPANYING NOTES

                                        3
<PAGE>
                              QUOTEMEDIA.COM, INC.
                            STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


                                          THREE MONTHS ENDED  THREE MONTHS ENDED
                                            MARCH 31, 2001      MARCH 31, 2000
                                             ------------        ------------
OPERATING REVENUE

Advertising                                  $      1,446        $      6,791
Licensing fees                                      2,977                  --
                                             ------------        ------------
                                                    4,423               6,791
OPERATING EXPENSES

Business development                                9,142             129,356
Office                                            165,021             185,732
Professional fees                                  31,437              18,456
Research and development                           14,422              73,845
Website content                                    76,360             110,594
                                             ------------        ------------
                                                  296,382             517,983
                                             ------------        ------------

OPERATING LOSS                                   (291,959)           (511,192)

OTHER INCOME AND EXPENSES

Interest income                                       135               2,696
Loss on sale of marketable securities              (2,794)                 --
                                             ------------        ------------
                                                   (2,659)              2,696
                                             ------------        ------------

LOSS FOR PERIOD                              $   (294,618)       $   (508,496)
                                             ============        ============

EARNINGS PER SHARE

Basic loss per share                         $      (0.01)       $      (0.03)
                                             ============        ============

Diluted                                      $      (0.01)       $      (0.03)
                                             ============        ============

WEIGHTED AVERAGE SHARES OUTSTANDING

Basic                                          20,576,362          18,234,184
                                             ============        ============

Diluted                                        21,321,210          19,334,184
                                             ============        ============

                             SEE ACCOMPANYING NOTES

                                        4
<PAGE>
                              QUOTEMEDIA.COM, INC.
                            STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                   THREE MONTHS ENDED   THREE MONTHS ENDED
                                                     MARCH 31, 2001       MARCH 31, 2000
                                                       -----------          -----------
<S>                                                    <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

NET LOSS                                               $  (294,618)         $  (508,496)

ADJUSTMENTS TO RECONCILE LOSS TO NET CASH USED IN
OPERATING ACTIVITIES:
Depreciation expense                                         3,564                1,372
Loss on sale of marketable securities                        2,794                   --
Prepaid expenses                                                --             (300,500)
Issuance of capital stock for services                      11,250              393,950
CHANGES IN ASSETS AND LIABILITIES:
Accounts receivable                                          2,370               19,817
Deposits                                                      (276)             (47,388)
Accounts payable                                            32,847              (47,208)
Deferred revenue                                              (347)                  --
Due from related parties, net                               99,119              (13,200)
                                                       -----------          -----------
NET CASH USED IN OPERATING ACTIVITIES                  $  (143,297)         $  (501,653)
                                                       -----------          -----------

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of marketable securities            $    38,626          $        --
Purchase of marketable securities                          (43,000)                  --
Fixed assets                                                    --               (2,743)
Due from related parties, net                                   --              (80,000)
                                                       -----------          -----------
NET CASH USED IN INVESTING ACTIVITIES                       (4,374)             (82,743)
                                                       -----------          -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

Issuance of capital stock for cash                              --            1,295,250
                                                       -----------          -----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                       --            1,295,250
                                                       -----------          -----------

NET (DECREASE) INCREASE IN CASH                           (147,671)             710,854

CASH, BEGINNING OF PERIOD                                  158,339              672,038
                                                       -----------          -----------

CASH, END OF PERIOD                                    $    10,668          $ 1,382,892
                                                       ===========          ===========
</TABLE>

                             SEE ACCOMPANYING NOTES

                                        5
<PAGE>
                              QUOTEMEDIA.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS
                     THREE MONTH PERIOD ENDED MARCH 31, 2001


1.   UNAUDITED INTERIM FINANCIAL STATEMENTS

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with  the  generally  accepted  accounting  principles  for  interim
financial  statements 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, 2000  contained in our Form 10-KSB filed with the Securities
and Exchange Commission on March 28, 2001

2.   BASIS OF PRESENTATION

     BUSINESS COMBINATION

     The Company ("QuoteMedia") was incorporated June 28, 1999 under the laws of
the  State  of  Colorado.  On  July  14,  1999,  Skyline  Entertainment,   Inc.,
("Skyline")  issued  11,000,000  common shares to acquire 100% of the issued and
outstanding shares of QuoteMedia. This issuance represented approximately 72% of
the  issued  and  outstanding  shares  of  Skyline.  As a  result,  the  selling
shareholders of QuoteMedia have become the controlling  shareholders of Skyline.
This transaction, under which control of the parent company passes to the former
shareholders of the subsidiary, is accounted as a reverse takeover.

     Under  reverse  takeover  accounting,   the  cost  of  the  acquisition  of
QuoteMedia has been recorded using the purchase  method,  with  QuoteMedia  (the
legal subsidiary) being recognized as the parent for accounting purposes.

     Under the July 14, 1999 agreement,  immediately after the reverse takeover,
QuoteMedia   was  merged  into   Skyline,   with  Skyline  being  the  surviving
corporation. Skyline's name was then changed to QuoteMedia.com, Inc.

     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  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>
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",  of   "quotemedia"   refer  to
Quotemedia.com,   Inc.,   and  it   predecessors,   operating   divisions,   and
subsidiaries.

     This report should be read in  conjunction  with our Form 10-KSB filed with
the Securities and Exchange Commission on March 28, 2001.

OVERVIEW

     We are a  leading  Internet  software  developer  and  Application  Service
Provider, or ASP, specializing in the collection,  aggregation,  and delivery of
both delayed and  real-time  financial  data and  complementary  content via the
Internet. We develop and license unique plug and play web-based software modules
that have the ability to deliver cost effective, visually appealing, and dynamic
content to web sites of brokerage firms, financial institutions, and Fortune 500
companies.

     Our  unique  plug and  play  product  capabilities  provide  a  competitive
advantage to Internet sites by offering a cost effective and simple  alternative
to the complex and expensive data feed model employed by most web sites today.

     The modules are lightweight,  reliable, and easy to install,  require fewer
content  updates and data feeds,  and have fewer  maintenance  issues.  They are
highly  customizable,  allowing for seamless  integration  into a customer's web
page.  To add a module to a web site, a webmaster  simply  copies and pastes one
line of our code to the desired web page.

     We have also developed unique and proprietary  "Web to Desktop  Convergence
Technologies"  that  allow web sites  and  publishers  to  deliver  content  and
corporate branding directly to a user's desktop outside of the web browser.

     Our  products  allow  existing  web  portals and  brokerage  firms to offer
investment information and services to their clients via the Internet. Investors
can monitor  investments  through our customizable  portfolio tracker,  research
investment opportunities,  watch live video, and execute trades, all from within
their  browser.  We believe that the business model of licensing  turnkey,  cost

                                        7
<PAGE>
effective software solutions to our customers on a private label basis is unique
and timely.  The private  label model  allows our company to take  advantage  of
existing  brand  recognition  and  loyalties  already  established  between  our
customers and their clients.

RESULTS OF OPERATIONS

REVENUE

     Revenue   consists  of  advertising   fees   generated   from   sponsorship
advertisements  and licensing  fees  generated  from our software  applications.
Revenue for the three- month period ended March 31, 2001 was $4,423  compared to
$6,791 for the three month period  ended March 31, 2000.  The decrease is due to
declining banner-advertising revenue.

OPERATING EXPENSES

     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 March 31, 2001 were $76,360  compared
with $110,594 for the three month period ending March 31, 2000.  The decrease is
due to the Company re-negotiating lower rates for website content.

     PROFESSIONAL FEES

     Professional   fees  consist   primarily  of  legal  and  accounting  fees.
Professional  fees for the three month  period ended March 31, 2001 were $31,437
compared  with  $18,456 for the three month period  ending  March 31, 2000.  The
increase is due to an increase in legal fees associated with regulatory filings.

     RESEARCH AND DEVELOPMENT

     Research and development  expenses  consist  primarily of costs  associated
with  the  design,   programming,   and  testing  of  our   company's   software
applications. Research and development expenses for the three month period ended
March 31, 2001 were  $14,422  compared  with  $73,845 for the three month period
ended  March 31,  2000.  The  decrease is due to the  completion  of many of the
applications previously under development.

     BUSINESS DEVELOPMENT

     Business development  consists primarily of marketing,  investor relations,
travel, and printing expenses. Business development expenses for the three month
period ended March 31, 2001 were $9,142 compared to $129,356 for the three month
period  ended March 31,  2000.  The  decrease is due to a reduction  of business
development spending due to poor market conditions.

                                        8
<PAGE>
     OFFICE

     Office  expenses  consist  primarily of rent,  computer  equipment  leases,
computer  maintenance and storage and salary  expenses.  Office expenses for the
three month period ended March 31, 2001 were  $165,021  compared to $185,732 for
the three month period ended March 31, 2000.

INTEREST INCOME

Interest   income   consists  of  interest  earned  on  cash  and  money  market
investments. Interest income for the three month period ended March 31, 2001 was
$135  compared to $2,696 for the three month period  ended March 31,  2000.  The
decrease is due to lower cash and cash equivalent balances.

LOSS ON SALE OF MARKETABLE SECURITIES

The Company  incurred a loss on the sale of marketable  securities of $2,794 for
the three month period ending March 31, 2001. No marketable securities were sold
during the three month period ended March 31, 2000.

LOSS FOR THE PERIOD

As a result of the  foregoing,  we  incurred a loss for the three  months  ended
March 31, 2001 of $294,618 or approximately $(0.01) per share compared to a loss
of $508,496 and $ (0.03) per share for the three months ended March 31, 2000.

LIQUIDITY AND CAPITAL RESOURCES

Our cash  totaled  $10,668 at March 31,  2001,  as  compared  with  $158,339  at
December  31,  2000,  a decrease of  $147,671.  Net cash of $143,297 was used in
operations for the three months ended March 31, 2001,  primarily  resulting from
our net loss for the period  offset by a decrease  in amounts  due from  related
parties.  Net cash used in investing activities for the three months ended March
31,  2001 was  $4,374  resulting  primarily  from  the  purchase  of  marketable
securities offset by the proceeds from the sale of marketable securities.

During the first  quarter of fiscal  2001,  we  continued  our  efforts to raise
additional equity and debt financing.  We are continuing to explore  alternative
sources of  financing  and other  strategic  alternatives  for our  company.  We
believe that slowing market conditions  affected our efforts to raise additional
capital during the first fiscal quarter. As a result, an officer of our company,
who is also a director, provided additional cash during the quarter, and intends
to continue  such funding  until we complete our next round of  financing.  Such
amounts are  reflected in our financial  statements as "Due to related  parties,
net."

With  additional  equity  or  debt  financing,   we  intend  to  accelerate  our
development and infrastructure spending. We may not be successful in our efforts
to raise additional capital.

                                        9
<PAGE>
                            PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS - none

ITEM 2. CHANGES IN SECURITIES

     During  February 2001, we issued 37,500 shares of common stock at $0.30 per
share to a web development company 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 - 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 - None

     (b)  Reports on Form 8-K

     No  reports on Form 8-K were filed by the  Company  during the three  month
period ended March 31, 2001.

                                       10
<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: May 8, 2001


                                        By: /s/ R. Keith Guelpa
                                            ------------------------------------
                                            R. Keith Guelpa,
                                            President
                                            (Principal Executive Officer)


                                        By: /s/ Keith J. Randall
                                            ------------------------------------
                                            Keith J. Randall, C.A.,
                                            Chief Financial Officer
                                            (Principal Accounting Officer)

                                       11