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 September 30, 2002

[ ]     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 Employer
incorporation or organization)                identification No.)


             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 November 12, 2002: 14,846,556
















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

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

Item 1.     Financial Statements
Balance Sheets - March 31, 2002 and September 30, 2002             3

Statements of Operations - Three and Six Months
Ended September 30, 2002 and 2001                                  4

Statements of Cash Flows - Six Months Ended
September 30, 2002 and 2001                                        5

Notes to Financial Statements                                      6

Item 2.     Management's Discussion and Analysis of Financial Condition
            And Results of Operations                           7-10

PART II
-------

Item 1.     Legal Proceedings                                     11

Item 2.     Changes in Securities                                 11

Item 3.     Defaults Upon Senior Securities
11

Item 4.     Submission of Matters to a Vote of Security Holders   11

Item 5.     Other Information                                     11

Item 6.     Exhibits and Reports on Form 8-K                      11

SIGNATURES                                                        12
























<TABLE>
<CAPTION>


                              PEOPLESWAY.COM, INC.
                                 BALANCE SHEETS
                   AS OF SEPTEBER 30, 2002 AND MARCH 31, 2002
                                     (Unaudited)
                                  September 30, 2002

                                     ASSETS
                                     ------


<S>                                                             <C>

CURRENT ASSETS:
--------------------------------------------------------------
Cash and cash equivalents. . . . . . . . . . . . . . . . . . .  $       -
Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . .        607
Due from related parties . . . . . . . . . . . . . . . . . . .    346,369
Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . .    103,458
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . . . . . .    450,434
                                                                ----------

FIXED ASSETS:
--------------------------------------------------------------
Furniture and office equipment . . . . . . . . . . . . . . . .     16,321
Accumulated depreciation . . . . . . . . . . . . . . . . . . .     (8,021)
NET FIXED ASSETS . . . . . . . . . . . . . . . . . . . . . . .      8,300
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . .  $ 458,734
                                                                ----------

LIABILITIES AND STOCKHOLDERS' DEFICIT
--------------------------------------------------------------
CURRENT LIABILITIES:
--------------------------------------------------------------
Current portion of notes payable . . . . . . . . . . . . . . .  $ 115,000
Accounts payable and accrued expenses. . . . . . . . . . . . .    161,596
Excess of outstanding checks over bank balance . . . . . . . .      3,479
Deferred revenue - prepaid certificate . . . . . . . . . . . .    198,761
Due to related parties . . . . . . . . . . . . . . . . . . . .     32,341
Stockholder loan payable . . . . . . . . . . . . . . . . . . .      8,440
TOTAL CURRENT LIABILITIES. . . . . . . . . . . . . . . . . . .    519,617
                                                                ----------

LONG TERM LIABILITIES:
--------------------------------------------------------------
Notes payable. . . . . . . . . . . . . . . . . . . . . . . . .     30,777
TOTAL LONG TERM LIABILITIES. . . . . . . . . . . . . . . . . .     30,777
TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . . .    550,394
                                                                ----------

STOCKHOLDERS' DEFICIT:
--------------------------------------------------------------
Common stock ($.001 par value, 100,000,000 shares authorized;
14,846,556 and 13,419,969 issued and outstanding at September
30, 2002 and March 31, 2002, respectively) . . . . . . . . . .     14,847
Additional paid-in-capital . . . . . . . . . . . . . . . . . .    401,329
Retained deficit . . . . . . . . . . . . . . . . . . . . . . .   (507,836)
TOTAL STOCKHOLDERS' DEFICIT. . . . . . . . . . . . . . . . . .    (91,660)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT. . . . . . . . . .  $ 458,734
                                                                ----------
</TABLE>



    The accompanying notes are an integral part of these financial statements

<TABLE>
<CAPTION>


                                        PEOPLESWAY.COM, INC.
                                STATEMENTS OF OPERATIONS (UNAUDITED)
                   FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
<S>                               <C>              <C>              <C>              <C>
                                 Three Months      Three Months    Six Months     Six Months
                                      Ended          Ended          Ended          Ended
                                  Sept 30, 2002    Sept 30, 2001    Sept 30, 2002    Sept 30, 2001
REVENUES AND RELATED
--------------------------------
COSTS:
--------------------------------
Retail sales . . . . . . . . . .  $      320,101   $      183,546   $      776,232   $      304,660
Less:Distributor allowance
on product purchases . . . . . .         (86,221)         (55,064)        (178,783)         (91,398)
                                         233,880          128,482          597,449          213,262
                                  ---------------  ---------------  ---------------  ---------------
Other revenue. . . . . . . . . .           6,560            3,487           14,060            3,587
NET REVENUES . . . . . . . . . .         240,440          131,969          611,509          216,849
                                  ---------------  ---------------  ---------------  ---------------
COST OF RETAIL
SALES. . . . . . . . . . . . . .         (73,901)         (49,194)        (236,338)         (86,955)
GROSS PROFIT . . . . . . . . . .         166,539           82,775          375,171          129,894
                                  ---------------  ---------------  ---------------  ---------------

EXPENSES:
--------------------------------
Selling, general and
administrative . . . . . . . . .         142,084           72,308          379,390          113,336
TOTAL EXPENSES . . . . . . . . .         142,084           72,308          379,390          113,336
OPERATING
INCOME  (LOSS) . . . . . . . . .          24,455           10,467           (4,219)          16,558
                                  ---------------  ---------------  ---------------  ---------------

OTHER EXPENSES:
--------------------------------
Interest expense . . . . . . . .          (2,418)          (2,244)          (4,773)          (4,764)
NET INCOME (LOSS). . . . . . . .  $       22,037   $        8,223   $       (8,992)  $       11,794
                                  ===============  ===============  ===============  ===============

  Net income (loss) per share -
  basic and fully diluted. . . .  $           **   $           **   $           **   $           **
                                  ===============  ===============  ===============  ===============
  Weighted average shares
   outstanding . . . . . . . . .      13,840,968       12,932,969       14,097,200       12,932,969
                                  ===============  ===============  ===============  ===============

** Less than $.01
</TABLE>













    The accompanying notes are an integral part of these financial statements
<TABLE>
<CAPTION>


                                        PEOPLESWAY.COM, INC.
                                STATEMENTS OF CASH FLOWS (UNAUDITED)
                        FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2002 AND 2001




<S>                                                                            <C>         <C>
                                                                                    2002       2001
CASH FLOWS FROM OPERATING ACTIVITIES:
-----------------------------------------------------------------------------
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $  (8,992)  $ 11,794
Adjustments to reconcile net income (loss) to net cash provided by operating
activities:
Depreciation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      1,632        800
Common stock issued for services. . . . . . . . . . . . . . . . . . . . . . .    133,590          -
(Increase) decrease in prepaid expenses . . . . . . . . . . . . . . . . . . .        622         66
(Increase) in inventory . . . . . . . . . . . . . . . . . . . . . . . . . . .       (607)         -
Increase in accounts payable and accrued expenses . . . . . . . . . . . . . .     75,963     25,407
Increase (decrease) in deferred revenue - prepaid certificate . . . . . . . .     (4,978)    (1,873)
(Increase) in due from related parties. . . . . . . . . . . . . . . . . . . .   (182,700)   (19,796)
                                                                               ----------  ---------
NET CASH PROVIDED BY OPERATING ACTIVITIES . . . . . . . . . . . . . . . . . .     14,530     16,398
                                                                               ----------  ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
-----------------------------------------------------------------------------
Proceeds from notes payable . . . . . . . . . . . . . . . . . . . . . . . . .     18,766     22,713
Repayments of notes payable . . . . . . . . . . . . . . . . . . . . . . . . .     (7,989)         -
Proceeds from / repayments to related parties . . . . . . . . . . . . . . . .    (27,849)   (23,804)
                                                                               ----------  ---------
NET CASH (USED IN) FINANCING ACTIVITIES . . . . . . . . . . . . . . . . . . .    (17,072)    (1,091)
                                                                               ----------  ---------
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     (2,542)    15,307

CASH AND CASH EQUIVALENTS:
BEGINNING OF THE PERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . .      2,542      1,392
                                                                               ----------  ---------
END OF PERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  $       -   $ 16,699
                                                                               ----------  ---------
SUPPLEMENTARY CASH FLOW INFORMATION OF
NON-CASH FINANCING:
Common stock issued for services. . . . . . . . . . . . . . . . . . . . . . .  $ 133,590   $      -
                                                                               ----------  ---------

</TABLE>













    The accompanying notes are an integral part of these financial statements



                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------
                              PEOPLESWAY.COM, INC.
                         September 30, 2002 (UNAUDITED)


ITEM 1.
-------

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

     The  accompanying  unaudited  financial  statements  have  been prepared in
accordance  with  generally accepted 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  generally  accepted  accounting principles for complete
financial  statements.

     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 September 30,
2002  (unaudited)  and  March  31,  2002,  the results of operations for the six
months  ended  September  30,  2002  and 2001, and cash flows for the six months
ended  September  30,  2002  and  2001.  The  results  for  the six months ended
September 30, 2002, are not necessarily indicative of the results to be expected
for  the  entire  fiscal  year ending March 31, 2003. These financial statements
should  be  read  in  conjunction  with the March 31, 2002 annual report on Form
10-KSB.

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

     The  Company  has  suffered  recurring  losses  and  has yet to generate an
internal  cash  flow.  These and other factors raise substantial doubt about the
Company's  ability  to  continue  as a going concern. The Company's existence is
dependent  on  its  ability  to  resolve its business and liquidity problems and
raise  additional  capital  for operations. Management has enacted the following
plan:  (1)  develop  additional  distribution  channels  both  domestically  and
internationally  to  increase sales and (2) raise capital for operations through
the  offering  of  additional  equity.  The  financial statements do not include
adjustments  that  might  result  from  the  outcome  of  this  uncertainty.















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.  Such  "forward  looking"  statements  include,  but are not
necessarily  limited to, statements regarding anticipated levels of future sales
and  earnings  from  operations  of  the  Company.  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,
flowers,  beauty  and  fragrance  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, health supplements, jewelry,
and  flowers, 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.  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 or other vendors, who then
will  drop  ship  products  to  customers  as  orders  are  received through our
Peoplesway  Web  sites.

Acquisitions
------------

     On  August  12,  2002,  we  entered into an agreement to acquire all of the
outstanding  common  shares  of  iNet  Worldwide,  Inc., ("iNet")an entity under
common  control,  in  a  stock  exchange  agreement  between  the companies. The
acquisition  took  place  in  October  2002  and  will  be  accounted  for using
accounting  similar  to  pooling  of  interest  since the entity is under common
control.  The  Agreement  was  adopted  by the unanimous consent of the Board of
Directors  of  the  Company.  The  acquired  entity has no significant assets or
operations.  However,  the  company  will  receive  forgiveness in approximately
$16,000  in  loans due iNet and receive additional shareholders. Pursuant to the
agreement, Peoplesway.com will exchange 1,000,000 shares of its common stock for
1,000,000 shares of iNet which represents all the issued an outstanding share of
iNet.  In  addition,  iNet  shareholders  will  have  one  warrant  to  purchase
Peoplesway.com  common  stock  at $.50 per share for every iNet share owned. The
warrants  expire  in  February  2003.

     We  may  consider acquiring the assets and operations of other companies in
order  to  expand our business. Integration of acquisitions may involve a number
of  risks that could have a material adverse effect on our operating results and
financial  condition,  including:  restructuring  charges  associated  with  the
acquisitions  and  other  expenses  associated  with  a  change  of  control;
non-recurring  acquisition  costs  such as accounting and legal fees; investment
banking  fees;  amortization  of  acquired  intangible  assets;  recognition  of
transaction-related  obligations  and  various  other acquisition-related costs;
diversion  of  management's  attention;  difficulties with retention, hiring and
training  of  key  personnel;  and  risks of incurring unanticipated problems or
legal  liabilities.

     Although we would conduct due diligence, hire outside independent financial
and  accounting  consultants,  and generally require representations, warranties
and indemnifications from the former owners of any acquisition candidates, there
can  be  no  assurance  that  such  owners  will have accurately represented the
financial  and operating conditions of their companies. If an acquired company's
financial  or  operating  results  were  misrepresented, or the acquired company
otherwise  failed  to  perform  as  anticipated,  the  acquisition  could have a
material  adverse  effect  on  the  operating results and financial condition of
Peoplesway.

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

For  the  Three  and  Six  Months  Ended  September  30,  2002  and  2001.

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

          Retail  sales  and  net  revenues  for  the three and six months ended
September  30,  2002  were  $320,101  and $776,232 versus $183,546 and $304,660,
respectively,  for  the  comparable period in 2001, an increase of 74% and 154%,
respectively.  These increases in net revenue were primarily attributable to the
Company's  aggressive  marketing  campaign  and  growing  brand  awareness.  Net
revenues  consisted  of  product  sales,  monthly  service fees and business aid
sales.  We plan to accelerate growth of sales in 2003 by increasing expenditures
on marketing and growing public awareness of products and the expanded agreement
with  DRM.

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

          Cost  of  sales  for the three and six months ended September 30, 2002
was $73,901 and $236,338 versus $49,194 and $86,955 for the same period in 2001.
The increase was primarily due to the increase sales for the 2002 periods. Gross
product margins and product prices remained relatively constant during the year.

     Expenses
     --------

          Selling,  general  and  administrative  expenses for the three and six
month  periods  ended  September  30,  2002  were  $142,084 and $379,390, versus
$72,308  and  $113,336 for the comparable period in 2001, an increase of 97% and
235%,  respectively.  Notable  expense  increases  for  the  three  months ended
September  30,  2002  include  subcontract  labor  and  consulting expenses that
increased  $133,590.  Such  increase was primarily attributable to the company's
issuance  of  136,100  and 355,533 common shares to consultants during the three
and  six  months ended September 30, 2002, respectively. We anticipate incurring
these  types  of  expenses  during  the remainder of the current fiscal year. In
exchange  for assistance with development in to new markets, we are committed to
providing $5,833 worth of common shares to an outside consultant for a six-month
period  commencing  on  July 1, 2002. An automatic renewal for an additional six
months  is  available. Our consultant will assist us in attempting to market our
products  and  services  on  an  international level to areas such as Europe and
China.

          We  expect  increases  in  certain expenses such as consulting through
fiscal  2003 as the Company moves toward increasing development and marketing of
our  products.

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  Three  Months  Ended  September  30,  2002  and  2001.

          Cash  flows  provided  by  operations  were $14,530 for the six months
ended  September 30, 2002 versus $16,398 for the same period in 2001. Management
believes  this represents a significant achievement in operations as the Company
continued  to  display  profitable  quarters  and  positive  cash  flows  form
operations.

          Cash  flows  used  in  financing  activities  were $17,072 for the six
months  ended  September  30, 2002 versus $1,091 in the same period in 2001. The
cash  flows  during the three months ended September 30, 2002 and 2001 reflected
$18,766  and  $22,713,  respectively,  in additional notes payable issued by the
Company  during  the respective periods. This was somewhat offset by $27,849 and
$23,804  in  repayments  to  related  parties  during  the  respective  periods.

          We  have  funded  our  cash needs from inception through September 30,
2002  with  a  series  of  related  party,  debt,  and  equity  transactions.

          We  will  substantially  rely on the existence of revenue from product
sales  and  from  the  projected  revenues of our website www.Peoplesway.com. We
project that we will need additional capital to fund operations over the next 12
months.  If  the  projected  revenues of www.Peoplesway.com fall short of needed
capital, the Company will not be able to sustain its capital needs for more than
six  months.  We  will  then need to obtain additional capital through equity or
debt  financing  to  sustain  operations  for  an  additional  year.  A  lack of
significant revenues beginning part of fiscal 2003 will significantly affect the
cash  position of the Company and move us toward a position where the raising of
additional  funds  through  equity  or  debt  financing  will  be  necessary.

    On  a  long-term basis, liquidity is dependent on continuation and expansion
of  operations,  receipt  of  revenues, additional infusions of capital and debt
financing.  We  are considering launching a wide scale marketing and advertising
campaign.  Our current available capital and revenues are not sufficient to fund
such  a  campaign.  If  we  choose  to  launch  such  a campaign it well require
substantially  more capital. If necessary, we plan to raise this capital through
an additional follow-on stock offering. The funds raised from this offering will
be used to develop and execute the marketing and advertising strategy, which may
include  the  use of television, radio, print and Internet advertising. 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.

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
-------

During  the  three  months  ended  September  30, 2002, certain consultants were
issued  136,100  shares of common stock in exchange for services rendered. These
transactions  were  valued  at  our closing stock prices on the various dates of
issuance  that  equated  to  $18,390  during  the  period.

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

None.

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

On  August  12,  2002,  a  share exchange agreement was adopted by the unanimous
consent  of  the  Board  of  Directors  of  the  Company  to  acquire all of the
outstanding  common  shares  of  iNet  Worldwide,  Inc.,  an entity under common
control.  Pursuant  to the agreement, 1,000,000 shares of iNet Worldwide, Inc.'s
common  stock,  which  equals  all  of  the issued and outstanding stock of that
company,  was  exchanged for 1,000,000 shares of Peoplesway.com common stock. In
addition,  each  shareholder  of  iNet  shall  have  one  warrant  to  purchase
Peoplesway.com  stock  at  $.50  per share for each share of iNet Worldwide that
they owned. The warrants expire February 28, 2003. The acquisition was completed
in  October  2002.

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

None.

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

     (a)  Exhibits
          --------
     3.1  Articles  of  incorporation,  as  amended,  are hereby incorporated by
reference  to  Form  10-SB  filed  with  the Securities and Exchange Commission.
    10.1  Share  exchange  agreement  with  iNet  Worldwide,  Inc.
    10.2  Consulting  agreement  with  Thomas  Radzavich
    99.1  Certified  statement  by  Chief  Executive  Officer

     (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:  November 12, 2002                 ________________________
                                        /S/Gene Johnston
                                         Chief Executive Officer