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 JUNE 30, 2000

                 [ ] Transition report under section 13 or 15(d)
                              of the Exchange Act.

                         COMMISSION FILE NUMBER 0-28755

                          COMMUNICATION VENTURES, INC.
                     --------------------------------------
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                    DELAWARE                             95-4737492
                    --------                             ----------
         (STATE OR OTHER JURISDICTION OF              (I.R.S. EMPLOYER
          INCORPORATION OR ORGANIZATION)             IDENTIFICATION NO.)

           860 VIA DE LA PAZ, SUITE E-1, PACIFIC PALISADES, CA 90272
        ----------------------------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (310) 230-6100
                                 ----------------
                           (ISSUER'S TELEPHONE NUMBER)

             22147 PACIFIC COAST HIGHWAY, SUITE 4, MALIBU, CA 90265
                 (Former Address, if changed since last report)

     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
                             ---      ---

     As of August 15, 2000, there were 1,018,400 shares of Common Stock,  $0.001
par value, of the issuer outstanding.

            Transitional Small Business Disclosure Format (check one)

                                    YES      NO X
                                        ---    ---

<PAGE>


                          COMMUNICATION VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                                      INDEX

         PART I. FINANCIAL INFORMATION                            PAGE NUMBER

           Item 1. Financial Statements

            BALANCE SHEET AS OF JUNE 30, 2000 (UNAUDITED) AND
            DECEMBER 31, 1999                                          2

            STATEMENTS OF OPERATIONS FOR THE THREE MONTHS AND SIX
            MONTHS ENDED JUNE 30, 2000 AND JUNE 30, 1999 AND FROM
            SEPTEMBER 15, 1998 (INCEPTION) TO JUNE 30, 2000
            (UNAUDITED)                                                3

            STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE
            30, 2000 AND JUNE 30, 1999 AND FOR THE PERIOD FROM
            SEPTEMBER 15, 1998 (INCEPTION) TO JUNE 30, 2000
            (UNAUDITED)                                                4

            NOTES TO FINANCIAL STATEMENTS AS OF JUNE 30, 2000
            (UNAUDITED)                                                5-7

           Item 2. Management's Discussion and Analysis of
                    Financial Condition and Results of Operations       8

         PART II. OTHER INFORMATION

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

                        Signatures                                      9

                                       1

<PAGE>
PART I.         FINANCIAL INFORMATION

Item 1.         Financial Statements


                          COMMUNICATION VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET


                                     ASSETS
                                                      June 30,
                                                        2000        December 31,
                                                    (unaudited)         1999
                                                    ----------      ------------


TOTAL ASSETS                                        $   -           $      -
------------                                        =============   ============



                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY

LIABILITIES
  Loan payable to stockholder                       $    16,395     $        95
                                                    -------------   ------------

  TOTAL LIABILITIES                                      16,395              95
                                                    -------------   ------------

STOCKHOLDERS' DEFICIENCY

  Preferred stock, $0.001 par value, 8,000,000
    shares authorized, none issued and
    outstanding                                            -               -
  Common stock, $0.001 par value, 100,000,000
    shares authorized, 1,018,400 issued and
    outstanding                                           1,018           1,018
  Accumulated deficit during development stage          (17,413)         (1,113)
                                                    -------------   ------------

TOTAL STOCKHOLDERS' DEFICIENCY                          (16,395)            (95)
                                                    -------------   ------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY      $      -        $      -
----------------------------------------------      =============   ============



                 See accompanying notes to financial statements

                                       2
<PAGE>

<TABLE>
<CAPTION>
                          COMMUNICATION VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                                                                                   For the
                                                                   For the        For the        For the         Period From
                                                    For the         Three           Six            Six            September
                                                     Three          Months         Months         Months           15, 1998
                                                    Months          Ended          Ended          Ended          (Inception)
                                                  Ended June      June 30,       June 30,        June 30,        to June 30,
                                                   30, 2000         1999           2000            1999              2000
                                                  ------------    -----------    ----------     -----------     -------------
<S>                                              <C>             <C>            <C>            <C>             <C>
REVENUES                                         $      -        $     -        $    -         $     -         $       -
                                                  ------------    -----------    ----------     -----------     -------------

EXPENSES
  Accounting fees                                      2,000            500         4,000             500             4,500
  Bank charges                                          -                30          -                 30                95
  Consulting fees                                       -                18          -                 18                18
  Legal fees                                           3,000            500         6,000             500             6,500
  Office & postage expense                               750           -            1,500            -                1,500
  Rent                                                 2,400           -            4,800            -                4,800
                                                  ------------    -----------    ----------     -----------     -------------

NET LOSS                                         $    (8,150)    $   (1,048)    $ (16,300)     $   (1,048)     $    (17,413)
--------
                                                  ============    ===========    ==========     ===========     =============

Net loss per share - basic and diluted           $   (0.0080)    $  (0.0011)    $ (0.0160)     $  (0.0022)     $    (0.0247)
                                                  ============    ===========    ==========     ===========     =============

Weighted average number of shares
  outstanding during the period - basic
  and diluted                                      1,018,400        941,477      1,018,400        482,488           705,423
                                                  ============    ===========    ==========     ===========     =============
</TABLE>



                        See accompanying notes to financial statements


                                       3

<PAGE>

<TABLE>
<CAPTION>
                                 COMMUNICATION VENTURES, INC.
                                (A DEVELOPMENT STAGE COMPANY)
                                   STATEMENTS OF CASH FLOWS
                                         (UNAUDITED)


                                                                                           September
                                                        For the           For the          15, 1998
                                                      six months        six months        (inception)
                                                      ended June        ended June          to June
                                                       30, 2000          30, 1999          30, 2000
                                                      ------------      ------------      ------------
<S>                                                   <C>               <C>               <C>
Cash flows from operating activities
  Net loss                                            $  (16,300)       $   (1,048)       $  (17,413)
  Adjustments to reconcile net loss to net cash
    used in operating activities:                           -                 -                 -
     Stock issued for consulting services                   -                   18                18
                                                      ------------      ------------      ------------
       Net cash used in operating activities             (16,300)           (1,030)          (17,395)
                                                      ------------      ------------      ------------

Cash flows from financing activities
  Proceeds from issuance of common stock                    -                1,000             1,000
  Loan proceeds from stockholder                          16,300               770            16,395
                                                      ------------      ------------      ------------
       Net cash provided by financing activities          16,300             1,770            17,395
                                                      ------------      ------------      ------------

Net increase in cash                                        -                  740              -

Cash and cash equivalents - Beginning                       -                 -                 -
                                                      ------------      ------------      ------------

Cash and cash equivalents - ending                    $     -           $      740        $     -
                                                      ============      ============      ============
</TABLE>



                        See accompanying notes to financial statements



                                       4
<PAGE>

                          COMMUNICATION VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

               (A) Organization and Business Operations

               Communication  Ventures, Inc. (a development stage company) ("the
               Company") was  incorporated  in Delaware on September 15, 1998 to
               engage  in an  internet-based  business.  At June 30,  2000,  the
               Company had not yet commenced any revenue-generating  operations,
               and all  activity  to date  relates to the  Company's  formation,
               proposed fund raising and business plan development.

               The Company's ability to commence  revenue-generating  operations
               is contingent upon its ability to implement its business plan and
               raise the capital it will require  through the issuance of equity
               securities,  debt  securities,  bank  borrowings or a combination
               thereof.

               (B) Basis of Presentation

               The  accompanying   unaudited  financial   statements  have  been
               prepared  in  accordance  with  generally   accepted   accounting
               principles,  and the rules and  regulations of the Securities and
               Exchange   Commission   for   interim   financial    information.
               Accordingly,  they do not include all the  information  necessary
               for  a  comprehensive  presentation  of  financial  position  and
               results of operations.

               It is management's opinion, however that all material adjustments
               (consisting of normal recurring adjustments) have been made which
               are necessary for a fair financial statements  presentation.  The
               results for the interim period are not necessarily  indicative of
               the results to be expected for the year.

               For further  information,  refer to the financial  statements and
               footnotes  included the Company's  Form 10-KSB for the year ended
               December 31, 1999.

               (C) Use of Estimates

               The  preparation of the financial  statements in conformity  with
               generally accepted  accounting  principles requires management to
               make estimates and assumptions  that affect the reported  amounts
               of assets and liabilities and disclosure of contingent assets and
               liabilities  at the  date  of the  financial  statements  and the
               reported  amounts of revenues and expenses  during the  reporting
               period. Actual results could differ from those estimates.

                                       5

<PAGE>

                          COMMUNICATION VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

               (D) Cash and Cash Equivalents

               For  purposes  of  the  statement  of  cash  flows,  the  Company
               considers  all  highly  liquid  investments   purchased  with  an
               original maturity of three months or less to be cash equivalents.

               (E) Income Taxes

               The  Company  accounts  for  income  taxes  under  the  Financial
               Accounting  Standards  Board  Statement of  Financial  Accounting
               Standards  No. 109,  "Accounting  for Income  Taxes"  ("Statement
               109").  Under Statement 109,  deferred tax assets and liabilities
               are recognized for the future tax  consequences  attributable  to
               differences  between the financial  statement carrying amounts of
               existing assets and  liabilities and their  respective tax basis.
               Deferred tax assets and  liabilities  are measured  using enacted
               tax rates  expected  to apply to  taxable  income in the years in
               which those temporary differences are expected to be recovered or
               settled.  Under  Statement 109, the effect on deferred tax assets
               and  liabilities of a change in tax rates is recognized in income
               in the period that  includes the  enactment  date.  There were no
               current or deferred  income tax  expenses or benefits  due to the
               Company  not having any  material  operations  for the six months
               ended June 30, 2000.

               (F) Loss Per Share

               Net loss per common share for the six and three months ended June
               30, 2000 and for the period from  September 15, 1998  (inception)
               to June 30,  2000 is  computed  based upon the  weighted  average
               common  shares  outstanding  as defined by  Financial  Accounting
               Standards  No. 128  "Earnings  Per  Share".  There were no common
               stock equivalents outstanding at June 30, 2000.

NOTE 2  LOAN PAYABLE - RELATED PARTY

               The loan payable - related party is a  non-interest-bearing  loan
               payable to PageOne Business  Productions,  LLC arising from funds
               advanced  to the  Company.  The  amount is due and  payable  upon
               demand.

                                       6
<PAGE>

                          COMMUNICATION VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                               AS OF JUNE 30, 2000
                                   (UNAUDITED)

NOTE 3  STOCKHOLDERS' DEFICIENCY

               The Company was originally  authorized to issue 100,000 shares of
               preferred  stock  at $.01  par  value,  with  such  designations,
               preferences, limitations and relative rights as may be determined
               from time to time by the Board of  Directors.  In  addition,  the
               Company was originally  authorized to issue 10,000,000  shares of
               common stock at $.01 par value.  The Company  issued  909,200 and
               109,200 shares to Appletree Investments Company, Ltd. and PageOne
               Business Productions, LLC, respectively.

               Management filed a restated certificate of incorporation with the
               State of Delaware which increased the number of authorized common
               shares  to  100,000,000,   increased  the  number  of  authorized
               preferred  shares to 8,000,000 and decreased the par value of the
               common and  preferred  shares to $.001 per share.  The  financial
               statements  at June 30, 2000 give effect to common and  preferred
               stock   amounts  and  par  values   enumerated  in  the  restated
               certificate of incorporation.

NOTE 4  GOING CONCERN

               As  reflected  in  the  accompanying  financial  statements,  the
               Company has  accumulated  losses of $17,413  since  inception,  a
               working  capital  deficiency of $16,395 and has not generated any
               revenues since it has not yet  implemented its business plan. The
               ability  of  the  Company  to  continue  as a  going  concern  is
               dependent on the Company's  ability to raise  additional  capital
               and implement its business plan. The financial  statements do not
               include any adjustments that might be necessary if the Company is
               unable to continue as a growing concern.

               The Company intends to implement its business plan and is seeking
               funding  through  the  private  placement  of its  equity or debt
               securities or may seek a combination with another company already
               engaged  in  its  proposed  business.  Management  believes  that
               actions  presently  being taken provide the  opportunity  for the
               Company to continue as a going concern.


                                       7

<PAGE>


Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations

RESULTS OF OPERATIONS

     The following  discussion  and analysis below should be read in conjunction
with the financial statements,  including the notes thereto, appearing elsewhere
in this report. For the period since inception (September 15, 1998) through June
30, 2000,  during the Company's  development  stage, the Company has a zero cash
balance and has accumulated losses of ($17,413).

FINANCIAL CONDITION AND LIQUIDITY

     The Company has a working capital  deficiency of $16,395 and has an ongoing
need to finance its activities.  To date, the Company currently has funded these
cash  requirements by offering and selling its Common Stock, in addition to cash
advances  from its  current  stockholders,  and has issued  1,018,400  shares of
Common  Stock for net  proceeds of  $1,000.00.  Operating  costs for the current
period were funded by a loan from a stockholder.

PLAN OF OPERATION

       The Company has registered a dot.com name and has determined it can begin
conducting its business with limited financing that it has arranged.



PART II   OTHER INFORMATION

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

       (a)      Exhibits

       Exhibit No.     Description
       ----------      -----------
           27          Financial Data Schedule


       (b)      Reports on Form 8-K

                    None.




                                        8

<PAGE>


                                   SIGNATURES
                                   ----------

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

                                        COMMUNICATION VENTURES, INC.
                                        ----------------------------
                                        Registrant


   August 15, 2000              By:      /s/ James P. Walters
   ---------------                    -------------------------------
                                       James P. Walters
                                       Chief Financial Officer
                                       (Principal Financial Officer)





                                        9
<PAGE>


                                  EXHIBIT INDEX


Exhibit No.                Description
----------                 -----------
    27                     Financial Data Schedule