SECURITIES  AND  EXCHANGE  COMMISSION
                             WASHINGTON,  D.C.  20549

                                   FORM  10-QSB

(Mark  One)
[X]   Quarterly  report under Section 13 or 15(d) of the Securities Exchange Act
of  1934  for  the  quarterly  period  ended:  June  30,  2000.

[  ]   Transition  report  under Section 13 or 15(d) of the  Securities Exchange
Act  of  1934  for  the  transition  period  from  _________  to  __________.

                           Commission File No. 0-28833

                             NetWeb OnLine.Com Inc.
                          ----------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

               Texas                             75-2767933
     -------------------------------           -----------------
     (State  or  Other  Jurisdiction  of           (I.R.S.  Employer
     Incorporation  or  Organization)         Identification  No.)

     3350  N.W.  2nd  Avenue,  Suite  A28,  Boca  Raton,  FL  33431
     --------------------------------------------------------------
               (Address  of  Principal  Executive  Offices)

                               (561)-289-5175
                           -----------------------
              (Issuer's  Telephone  Number,  Including  Area  Code)

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  past  90  days.

Yes  X        No
    ---      ---

(The  Company  became  subject  to  the  reporting  requirements  on January 20,
2000)

                      APPLICABLE  ONLY  TO  CORPORATE  ISSUERS

     As  of  July  30,  2000,  the  issuer  had  6,247,447  shares of its common
stock,  par  value  $0.001  per  share, issued and outstanding and 47,677 shares
of  Series  I  Preferred  Stock  issued  and  outstanding.
Each  outstanding  share  of Series I Preferred Stock is convertible at any time
into  three  (3)  shares  of  the  Company's  Common  Stock.

Transitional  Small  Business  Disclosure  Format  (check  one):
Yes       No  X
    ---      ---

                                        1
<PAGE>












                              NETWEB  ONLINE.COM  INC
                              INDEX  TO  FORM  10-QSB


PART  I  -FINANCIAL  INFORMATION                               PAGE  NO.

Item  1   Financial  statements                                   p.  3

          Balance  Sheets  at  June  30,  2000
          and  September  30,  1999                               p.  3

          Statements  of  Operations  for  the  three
          months  ended  June  30,  2000  and
          1999  (Unaudited)                                       p.  4

          Statement  of  Income  for  the  nine
          months  ended  June  30,  2000  and
          1999  (Unaudited)                                       p.  5

          Statement  of  Cash  Flows  for  the  nine  months
          ended  June  30,  2000                                 p.  6

          Notes  to  Financial  Statements                       p.  7

Item  2   Management's  discussion  and  analysis  or  plan
          of  operation                                          p.  12

PART  II  -  OTHER  INFORMATION                                  p.  12

Item  1     Legal  proceedings                                   p.  12

Item  2     Changes  in  Securities  and  use  of  proceeds      p.  12

Item  3     Defaults  upon  senior  securities                   p.  12

Item  4     Submission  of  matters  to  a  vote  of
            security  holders                                    p.  12

Item  5     Other  events                                        p.  12

Item  6(a)  Exhibits                                             p.  13

Item  6(b)  Reports  on  Form  8-K                               p.  13

Signatures                                                       p.  14


                                        2
<PAGE>





































                                     PART I
                              FINANCIAL INFORMATION
                             NETWEB ONLINE.COM, INC.
                                 BALANCE SHEETS
           JUNE 30, 2000 (UNAUDITED) AND SEPTEMBER 30, 1999 (AUDITED)
<TABLE>
<CAPTION>


                                        JUNE 30,    SEPTEMBER 30,
                                          2000          1999
                                       (UNAUDITED)    (AUDITED)
                                       ------------  ------------
<S>                                    <C>         <C>        <C>
ASSETS
Current Assets
  Cash                                 $   7,745      $       883
  Note receivable related parties             --            1,250
  Inventory                                   --           51,830
  Deferred advertising cost                   --          181,791
  Prepaid expenses                         8,000            2,189
                                       ----------    -------------
Total Current Assets                      15,745          237,943

Intangible assets
  Patents net of amortization of
   $   5,605                                  --            61,656
                                       ----------           ------

Other assets
  Investments                             14,500               --
  Other assets                             2,500               --
                                       ----------   --------------
                                       $  32,745   $      299,599
                                       ==========  ===============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Accounts payable                     $  10,785   $        7,326
  Current portion of note payable             --           40,000
                                       ----------  ---------------
   to related parties
Total Current Liabilities                 10,785           47,326

Long Term liabilities
  Note payable related parties                --           35,000

Redeemable Preferred stock                    --          200,000

Shareholders' equity
  Common Stock, $0.001 par value 30
    million shares authorized,
    4,147,447 and 4,064,447 issued
    and 28,966 outstanding                 4,147            4,058
    respectively
  Preferred stock, $0.001 par value
    5 million shares authorized:
      Series I convertible, 777,729
      and 28,966 outstanding,
      respectively                           748               29
  Additional paid in capital             443,464          921,487
  Less:  Subscriptions receivable         (4,905)        (634,000)
  Retained deficit                      (421,494)        (274,301)
                                       ----------  ---------------
                                          21,960           17,273
                                       ----------  ---------------
                                       $  32,745   $      299,599
                                       ==========  ===============
</TABLE>

                        See notes to financial statements

                                        3
<PAGE>














                             NETWEB ONLINE.COM, INC.
                            STATEMENTS OF OPERATIONS
                           FOR THE THREE MONTHS ENDED
                       JUNE 30, 2000 AND 1999 (UNAUDITED)

<TABLE>
<CAPTION>


                                           FOR THE THREE MONTH PERIOD
                                                   ENDED JUNE 30,
                                                2000           1999
                                           --------------  -------------
<S>                                        <C>             <C>
Revenue
  Sales, net of discounts and returns      $          --
  Cost of Goods Sold                                  --
                                           --------------  -------------
Gross Profit                                          --             --

Expenses
  Accounting and legal                            10,080             --
  General and administrative                      23,236             --
  Consulting                                         250             --
  Royalties
  Amortization
                                           --------------  -------------
                                                  33,566             --
                                           --------------  -------------
Net loss from continuing operations              (33,566)            --

Discontinued Operations
  Loss from operation of discontinued
   golf business                                 (27,891)       (36,252)
  Loss on disposal of golf related assets        (19,759)            --
                                           --------------  -------------
                                                 (47,650)            --
                                           --------------  -------------
Net loss                                   $     (81,216)  $    (36,252)
                                           ==============  =============

Net loss per common share
  Net loss from continuing operations      $     (0.0075)            --
  Discontinued operations                        (0.0106)  $    (0.0106)
                                           --------------  -------------
  Net loss                                 $     (0.0181)  $    (0.0106)
                                           --------------  -------------
</TABLE>

                        See notes to financial statements

                                        4
<PAGE>

























































































































                             NETWEB ONLINE.COM, INC.
                            STATEMENTS OF OPERATIONS
                            FOR THE NINE MONTHS ENDED
                       JUNE 30, 2000 AND 1999 (UNAUDITED)


<TABLE>
<CAPTION>

                                        FOR THE NINE MONTH PERIOD
                                               ENDED JUNE 30,
                                              2000        1999
                                           ----------  ----------
<S>                                        <C>         <C>
Revenue
  Sales, net of discounts and returns      $      --   $      --
  Cost of Goods Sold                              --          --
                                           ----------  ----------
Gross Profit                                      --          --

Expenses
  Accounting and legal                        43,012          --
  General and administrative                  50,281          --
  Consulting                                   6,250          --
  Royalties                                       --          --
  Amortization                                    --          --
                                           ----------  ----------
                                              99,543          --
                                           ----------  ----------
Net loss from continuing operations          (99,543)         --

Discontinued Operations
  Loss from operation of discontinued
   golf business                             (27,891)   (108,756)
  Loss on disposal of golf related assets    (19,759)         --
                                           ----------  ----------
                                             (47,650)    108,756
                                           ----------  ----------
Net loss                                   $(147,193)  $(108,756)
                                           ==========  ==========

Net loss per common share
  Net loss from continuing operations      $ (0.0222)         --
  Discontinued operations                    (0.0106)  $ (0.0319)
                                           ----------  ----------
  Net loss                                 $ (0.0328)  $ (0.0319)
                                           ----------  ----------
</TABLE>



                        See notes to financial statements

                                        5
<PAGE>
































                             NETWEB ONLINE.COM, INC.
                             STATEMENT OF CASH FLOWS
                            FOR THE NINE MONTHS ENDED
                            JUNE 30, 2000 (UNAUDITED)

<TABLE>
<CAPTION>



<S>                                                       <C>
Cash flows from operating activities:
  Net loss                                                $(147,193)
                                                          ----------

  Adjustments to reconcile net loss to net
   cash provided by operating activities:
     Loss on sale of assets                                  19,759
     (Increase) decrease in prepaid expenses                 (5,811)
     (Increase) decrease in inventories                      51,830
     (Increase) decrease in other receivables                 1,250
     (Increase) decrease in trademarks and website costs     61,656
     (Increase) decrease in other assets                    181,791
     (Increase) decrease in accounts payables                 3,459
     (Increase) decrease in other payables                  (75,000)
                                                          ----------
       Total adjustments                                    238,934
                                                          ----------
  Net cash provided by operating activities                  91,741
                                                          ----------

Cash flows from investing activities:
  Cash payments for the purchase of property                (17,000)
                                                          ----------
  Net cash used by investing activities                     (17,000)
                                                          ----------

Cash flows from financing activities:
  Proceeds from notes receivable                            143,500
  Proceeds from issuance of common and preferred stock      125,223
  Proceeds from shares retired in connection with sale
    of golf related assets                                 (336,602)
                                                          ----------
  Net cash used by financing activities                     (67,879)
                                                          ----------

Net increase (decrease) in ash and cash equivalents           6,862

Cash and cash equivalents, beginning of period                  883
                                                          ----------

Cash and cash equivalents, end of period                  $   7,745
                                                          ==========
</TABLE>


                        See notes to financial statements

                                        6
<PAGE>



























                             NETWEB ONLINE.COM, INC.
                          NOTES TO FINANCIAL STATEMENTS
                           QUARTER ENDED JUNE 30, 2000

NOTE  1      UNAUDITED  FINANCIAL  STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance
with  generally accepted accounting principles for interim financial information
and  with  the  instructions  to  Form  10-Q  and  Rule 310(b) of Regulation SB.
Accordingly, they do not include all of the information and footnote disclosures
normally  included  in complete financial statements prepared in accordance with
generally  accepted  accounting  principles.  For  further  information, such as
significant  accounting  policies followed by the Company, refer to the notes to
the  Company's  audited  financial  statements.

In  the  opinion  of  management, the unaudited financial statements include all
necessary  adjustments  (consisting  of  normal,  recurring accruals) for a fair
presentation  of the financial position, results of operations and cash flow for
the  interim  periods  presented.  Preparing  financial  statements  requires
management to make estimates and assumptions that affect the reported amounts of
assets,  liabilities,  revenues  and  expenses.  Actual  results may differ from
these  estimates.  Interim results are not necessarily indicative of results for
a  full  year.  The  results of operations for the nine-month periods ended June
30,  2000  and  1999  are  not necessarily indicative of operating results to be
expected  for  a  full  year.

NOTE  2      ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

NetWeb  Online.Com,  Inc. (the "Company") was incorporated in the State of Texas
under  the  name  GEAC,  Inc. on November 5, 1997.  In July 1999 its Articles of
Incorporation  were  amended to change its name to The Golfing Network.Com, Inc.
Contemporaneously  with  the  acquisition  of  a  Florida entity known as NetWeb
Online.Com,  Inc.,  the Company changed to its present name on December 14, 1999
through  the  filing  with  the Texas Department of State of an amendment to its
Articles  of  Incorporation.

The  Company was formed for the purpose of engaging in the marketing and sale of
golf  and  related  products, including the purchase of the patent rights to the
Wonderstick(r).  The  Company  subsequently  expanded  its  business purposes to
include  the development, acquisition and operation of a variety of Internet web
sites.  On June 30, 2000, the Company sold the golf related assets (See Note 6).

                                        7
<PAGE>












































NOTE  2      ORGANIZATION  AND  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(CONTINUED)

Income  Taxes
-------------
The  Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards No. 109, which requires a liability approach to calculating
deferred  income  taxes.

Use  of  Estimates  in  Preparation  of  Financial  Statements
--------------------------------------------------------------
The  preparation  of  the  accompanying  financial statements in conformity with
generally  accepted  accounting  principles  requires management to make certain
estimates  and  assumptions  that directly affect the results of reported assets
and  liabilities  and  disclosure of contingent assets and liabilities as of the
balance  sheet  date,  and the reported amounts of revenues and expenses for the
period  presented.  Actual  results  could  differ  from  these  estimates.

Cash  and  Cash  Equivalents
----------------------------
The  Company  considers  as  cash and cash equivalents highly liquid investments
with  an  original  maturity  of  three  months  or less to be cash equivalents.

Credit  Risk
------------
Financial  instruments  that  potentially  subject  the  Company  to credit risk
include  cash  on  deposit with one financial institution amounting to $7,745 at
June  30, 2000, which was insured for us to $100,000 by the U.S. Federal Deposit
Insurance  Corporation  (FDIC).

Advertising
-----------
Advertising  costs  are  charged  to  operations  when  incurred.  There  was no
advertising  expense  for  the  quarter  ended  June  30,  2000.

NOTE  3      COMMON  STOCK  AND  PREFERRED  STOCK

On  December  15,  1999,  the Company issued 2,310,000 shares of Common Stock in
exchange for all of the issued and outstanding shares of Capital Stock of NetWeb
Online.Com,  Inc.  (a  Florida  corporation).  As  part of that transaction, the
Company  also  issued 700,00 shares of its Series I $0.001 par value Convertible
Preferred  Stock  to  the  former shareholders of the Florida corporation.  Each
share  of  Series  I  preferred  stock  is  convertible into three shares of the
Company's  common  stock,  any time after 12 months from the date of issuance at
the  option  of  the  preferred  stockholder,  and  pays  no  dividends.

                                        8
<PAGE>







































NOTE  3      COMMON  STOCK  AND  PREFERRED  STOCK  (CONTINUED)

On  December  6,  1999,  in  exchange  for a 90% interest in the website E-Trade
Golf.Com,  the  Company  issued  33,737  shares of its Series I Preferred stock.
Each  share is convertible into three (3) shares of its common stock on or after
October  1,  2000.

On  June  30,  2000, the Company retired 500,000 shares of common stock, 200,000
shares  of  its  Preferred  Stock.  Series II and 15,026 shares of its Preferred
Stock, Series I in connection with the sale of golf related assets (See Note 6).

On  June  30,  2000,  the  Company, with the approval of its board of directors,
reduced  the price of remaining warrants from $1.00 to $0.001, for a total value
of  $485,595.

NOTE  4      REDEEMABLE  PREFERRED  STOCK

Pursuant  to  the  resolution adopted by the board of directors on May 14, 1998,
200,000 shares of authorized Preferred Stock were issued as Series II Redeemable
Preferred  Stock.  These shares shall be redeemable by the Company at the option
of  the  board  of  directors  at  a  price  of  $1.50  per  share  subject  to
     a)  the  expiration  of  a  period  of  two  years  or
     b)  the  Company  achieving  a  net  equity  of  two  million   dollars.

The  Preferred  Stock  has been redeemed in connection with the sale of the golf
related  assets  (See  Note  6).

NOTE  5      INCOME  TAXES

Deferred  tax  assets  and  liabilities  at June 30, 2000 and September 30, 1999
consist  of  the  following:

<TABLE>
<CAPTION>


                                 June 30,    September 30,
                                   2000          1999
                                ----------  ---------------
<S>                             <C>         <C>
Current deferred tax asset      $  67,208   $       67,208
Current deferred tax liability
                                  (67,208)         (67,208)
                                ----------  ---------------
                                $      --   $           --
                                ==========  ===============

Non-current tax asset           $ 155,826   $      101,409
Valuation allowance              (155,826)        (101,409)
                                ----------  ---------------
                                $      --   $           --
                                ==========  ===============
</TABLE>



                                        9
<PAGE>





























NOTE  5      INCOME  TAXES  (CONTINUED)

The  current  deferred tax liability results from capitalized advertising costs,
which  were  previously  deductible  for  income  tax purposes.  The non-current
deferred  tax  assets  result  from  the  net operating loss carryforward, which
approximates  $593,193  on  June  30, 2000, and $446,000 at September 340, 1999.
The  net  operating loss carryforward, which is subject to annual limitations as
prescribed  by  the Internal Revenue Code, is available to offset future taxable
income through 2020.  A 100% valuation allowance has been recorded to offset the
net  deferred  tax asset due to uncertainty of generating future taxable income.

The  Company's  income  tax expenses for the nine months ended June 30, 2000 and
the  year  ended  September 30, 1999 differed from the statutory federal rate of
34%  as  follows:

<TABLE>
<CAPTION>
                                  June  30,     September  30,
                                    2000            1999
                                    ----            ----
<S>                                  <C>            <C>
Statutory  rate  applied  to
  loss  before  income  taxes     $  (50,046)     $  (44,896)
Increase  (decrease)  in
  income  taxes  net  of
  federal  income  tax  effect        (4,371)         (3,922)
Increase  in  valuation
  allowance                           54,417          49,369
Other                                     --            (551)
                                    --------        ---------

Income  Tax  Expense               $      --       $       --
                                    =========      ==========
</TABLE>

NOTE  6      DIVESTITURES

On June 30, 2000 the Company sold its golf related assets to Theodore and Sylvia
Efimov  and  Bryan  and  Patricia Efimov for the return of the following equity:

     500,000  shares  of  Common  Stock
     200,000  shares  of  Preferred  stock,  Series  II
      15,026  shares  of  Preferred  Stock,  Series  I

The  Company  recorded  a  non-cash  pre-tax  book  loss of $19,759.  Management
intends  to retire these shares.  The golf business had net sales of $23,668 and
a  net  loss  of  $27,891  at  June  30,  2000.


                                       10
<PAGE>




































NOTE  7      GOING  CONCERN  UNCERTAINTY

The  ability  of  the Company to continue as a going concern is dependent on its
ability  to  raise  the  necessary  capital to finance the implementation of its
business  plan.  The  financial  statements  do  not  include any adjustments to
reflect  the possible effects on the recoverability and classification of assets
or classification of liabilities which may result from the possible inability of
the  Company  to  continue  as  a going concern.  Management is seeking and will
continue to seek to raise the working capital to assure the Company's viability,
through  private  or  public  equity  offerings  and/or  debt  financing.


                                       11
<PAGE>









































































Item  2.  Management's  Discussion  and  Analysis  or
          Plan  of  Operation.

PLAN  OF  OPERATIONS
--------------------

          On June 30, 2000, the Company transferred ownership of its operating
subsidiary,  The  Golfing Network.Com, Inc., to NetWeb's former president, Bryan
Efimov, and members of his family, in exchange for all shares in NetWeb owned by
such  individuals.  That  subsidiary  represented  the  Company's sole operating
entity.  As  a  result  of  that  transfer,  the Company no longer has an active
operation.

          Management's  current business plan is to continue to focus on
acquisitions and/or  strategic  partnerships  with Internet related companies,
to develop the Company's  Internet-related  assets  and to continue to seek
ways to enhance shareholder  value.

          The  Company  intends  to continue to seek financing in the form of
equity, debt  or  strategic  partnering  to  carry  out  its  business  plan.


                                     PART II
                                OTHER INFORMATION

Item  1.    Legal  Proceedings.

            The  Company is not a party to any lawsuit, litigation or regulatory
proceeding  of  any  kind,  filed,  pending  or  threatened.

Item  2.    Changes  in  Securities  and  Use  of  Proceeds.

            During  the  quarter  ended June 30, 2000, the Company did not issue
any  securities in transactions not registered under the Securities Act of 1933.
In  July  2000, the Company, by resolution of the Board of Directors, eliminated
the  time  restriction  on  the  conversion of its Series I Preferred Stock into
shares  of  Common  Stock.

Item  3.    Defaults  Upon  Senior  Securities.

            None.

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

Item  5.     Other  Events

            On  June  30,  2000,  the  Company  transferred  ownership  of  its
wholly-owned  operating subsidiary, The Golfing Network.Com, Inc., to its former
president  and  members of his family in exchange for all shares of common stock
and preferred stock of NetWeb owned by such individuals.  The shares received by
the  Company  in  that  transaction, 500,000 shares of common, 200,000 shares of
Series I Preferred and 15,026 shares of Series II Preferred, were all retired by
the  Company.  The Company recorded a pre-tax book loss of $19,759 in connection
with  this  transfer.


                                       12
<PAGE>





























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

A.          Exhibits

            There  are  no  exhibits  to  this  report.

B.          Reports  on  Form  8-K

            On  July  10, 2000,  the  Company  filed a current report dated June
30,  2000  with  respect  to  the  divestiture  by  NetWeb  of  its golf related
operations.
                                       13
<PAGE>










































































                                   SIGNATURES

     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused  this  report to be signed on its behalf by the undersigned, thereto duly
authorized.


                                        NETWEB  ONLINE.COM,  INC.

                                        By  /s/  Paul  M.  Galant
                                        -------------------------
                                        Paul  M.  Galant
                                        Secretary/Treasurer

Date:  August  11,  2000


                                       14
<PAGE>