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:  December  31,  1999

[ ]   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       No  X
    ---      ---

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


                      APPLICABLE ONLY TO CORPORATE ISSUERS

     As  of  February  11,  2000,  the issuer had 4,647,447 shares of its common
stock,  par  value $0.001 per share, issued and outstanding.  As of February 11,
2000  762,703  shares  of  Series I Preferred Stock were issued and outstanding.
Each share of Series I Preferred Stock is convertible at any time from and after
12  months  after  issuance into three (3) shares of the Company's Common Stock.
As  of  February  11, 2000, 200,000 shares of the Company's Series II Redeemable
Preferred Stock were issued and outstanding.  The Series II Redeemable Preferred
Stock  is  redeemable by the Company at the option of the Board of Directors, at
$1.50 per share upon the earlier to occur of: (i) February 28, 2000; or (ii) the
completion  by the Company of a registered public equity offering in the minimum
of  $2,000,000.

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  September  30,  1999
          and  December  31,  1999                                   p. 3

          Statements  of  Operations  for  the  three
          months  ended  December  31,  1999  and  1998              p. 4

          Statement  of  Changes  in  Shareholders'
          Equity  for  the  three  months  ended
          December  31,  1999  and  1998                             p. 6

          Statement  of  Cash  Flows  for  the  three  months
          ended  December  31,  1999  and  1998                      p. 5

          Notes  to  the  Financial  Statements                      p. 7

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

PART  II  -  OTHER  INFORMATION                                     p. 14

Item  1     Legal  proceedings                                      p. 14

Item  2     Changes  in  Securities  and  use  of  proceeds         p. 14

Item  3     Defaults  upon  senior  securities                      p. 14

Item  4     Submission  of  matters  to  a  vote  of
            security  holders                                       p. 14

Item  5     Other  events                                           p. 14

Item  6(a)  Exhibits                                                p. 15

Item  6(b)  Reports  on  Form  8-K                                  p. 15

Signatures                                                          p. 16


                                        2
<PAGE>
                                     PART I
                              FINANCIAL INFORMATION

Item  1.     Financial  Statements.

<TABLE>
<CAPTION>
                            NETWEB ONLINE.COM, INC.
                            UNAUDITED BALANCE SHEETS
                          At December 31, 1999 and 1998

                                     ASSETS
                                     ------

                                                   December 31,    September 30,
                                                       1999            1999
                                                  --------------  ---------------
<S>                                               <C>             <C>
CURRENT ASSETS
     Cash                                         $      29,677   $          883
     Advance to shareholder                               1,250            1,250
Subscription Note Receivable                             10,000                -
     Deferred advertising costs                         181,791          181,791
     Inventory                                           54,193           51,830
     Prepaid expenses                                     5,270            2,189
                                                  --------------  ---------------
          Total current assets                          282,631          237,943

OTHER ASSETS
Trademarks and Web Site Acquisition
                                                         18,017                -
Patent, net of amortization of $7,006 and $5,605
Total Other Assets                                       60,255           61,656
                                                  --------------  ---------------
                                                         78,272           61,656

TOTAL ASSETS                                      $     360,903   $      299,599
                                                  ==============  ===============

LIABILITIES AND SHAREHOLDERS EQUITY
------------------------------------

CURRENT LIABILITIES
     Accrued liabilities                          $      15,900   $        7,326
     Other payables                                      40,000           40,000
                                                  --------------  ---------------
         Total current liabilities                       55,900           47,326
                                                  --------------  ---------------
COMMITMENTS AND CONTINGENCIES                                 -                -

LONG TERM LIABILITIES
     Note payable to related party                       35,000           35,000
                                                  --------------  ---------------
SHAREHOLDERS' EQUITY
     Preferred Stock, $.001 par
     value; 5 million shares
     authorized:
          Series I Convertible,
          729,000 and 28,966
          shares issued and
       outstanding at December
          31, 1999 and September
          30, 1999, respectively;
          liquidation preference
          $86,218                                           729               29
          Series II Redeemable,
          200,000 issued and
          outstanding at December
          31, 1999 and September
          30, 1999; liquidation
          preference of $200,000
     Common stock, $.001 par                                200              200
     value; 30 million shares
     authorized,4,647,447 and
     4,064,447 issued and
     outstanding at December 31,
     1999 and September 30, 1999,
     respectively                                         4,647            4,064
     Additional paid-in capital                       1,177,748        1,127,281
     Accumulated deficit                               (279,321)        (264,301)
                                                  --------------  ---------------
                                                        904,003          867,273
          Less notes receivable -
          exercise of warrants                         (634,000)        (634,000)
                                                  --------------  ---------------
          Total Shareholders'                           270,003          217,273
                                                  --------------  ---------------
          Equity
LIABILITIES AND SHAREHOLDERS'                     $     360,903   $      299,599
EQUITY                                            ==============  ===============

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


                                        3
<PAGE>
NETWEB ONLINE.COM, INC.

                       UNAUDITED STATEMENTS OF OPERATIONS
                     For the three months ended December 31,
                                  1999 and 1998

<TABLE>
<CAPTION>
                                        1999         1998
                                     -----------  -----------
<S>                                  <C>          <C>
REVENUES                             $   19,657   $        -
COST OF SALES                             5,962            -
                                     -----------  -----------
 Gross profit                            13,695            -
GENERAL AND ADMINISTRATIVE EXPENSES      18,715       36,252
                                     -----------  -----------
Net loss before income tax
provision                                (5,020)     (36,252)
Provision for income taxes                    -            -
                                     -----------  -----------
Net loss                             $   (5,020)  $  (36,262)
                                     ===========  ===========
Loss per share - basic and diluted   $     0.00   $     0.01
                                     ===========  ===========
Weighted average number of shares -
basic and diluted                     4,647,447    3,413,976
                                     ===========  ===========
</TABLE>
The accompanying notes are an integral part of these financial statements


                                        4
<PAGE>
NETWEB ONLINE.COM, INC.

                       UNAUDITED STATEMENTS OF CASH FLOWS
              For the three months ended December 31, 1999 and 1998

<TABLE>
<CAPTION>
                                         1999        1998
                                       ---------  ----------
<S>                                    <C>        <C>
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Loss                          $ (5,020)  $(142,254)
Adjustments to reconcile net loss
to net cash used in operating
activities
Depreciation and amortization
Inventory                                 1,401           -
Subscription receivable                  (2,363)    (38,029)
Trademarks and web site                 (10,000)
acquisition                                               -
Prepaid expenses                        (18,017)          -
Accrued expenses                         (3,531)          -
                                          8,574           -
                                       ---------  ----------
Net cash used in operating activities
                                        (28,956)   (350,133)
                                       ---------  ----------
CASH FLOWS FROM INVESTING ACTIVITES
Advance to shareholder                        -      (1,250)
Deposit on patent                             -     (20,000)
                                       ---------  ----------
Net cash from investing activities
                                              -     (21,250)
                                       ---------  ----------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common
stock,
preferred stock and warrants             57,750     341,710
                                       ---------  ----------
Net cash provided by financing
activities                               57,750     376,710
                                       ---------  ----------
INCREASE/DECREASE IN CASH                28,794
Cash and cash equivalents at                883
                                       ---------
beginning of period
Cash and cash equivalents at end       $ 29,677   $   5,327
                                       =========  ==========
of period
SUPPLEMENTAL INFORMATION ON CASH
FLOWS:
Cash paid during the period for:
Interest                               $      -   $       -
                                       =========  ==========
Income taxes                           $      -   $       -
                                       =========  ==========
Non-cash investing and financing
activities:
Issuance of common stock for
acquisition of patent                  $      0
                                       =========
Issuance of common stock for
services                               $      0
                                       =========
Common stock sold for notes            $      0
                                       =========
</TABLE>
The accompanying notes are an integral part of these financial statements


                                        5
<PAGE>
NETWEB ONLINE.COM, INC.

             UNAUDITED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
     For  the  three  months  ended  December  31,1999  and  1998

<TABLE>
<CAPTION>
                              Preferred Stock        Common Stock
                            ------------------  ---------------------
                            Number of            Number of
                             Shares    Amount     Shares      Amount
                            ---------  -------  -----------  --------
<S>                         <C>        <C>      <C>          <C>
Balances at September 30,
1999                          228,966  $   229   4,058,447   $ 4,058
Shares issued for shares
of NetWeb OnLine.Com, Inc.    700,000      700   2,310,000     2,310
Shares retired in
connection with the
acquisition of NetWeb
Online.Com, Inc.                    -        -  (1,727,000)   (1,727)

Net loss for period                 -        -           -         -
Balance December 31, 1999     928,966  $   929   4,647,447   $ 4,647
                            =========  =======  ===========  ========
</TABLE>

<TABLE>
<CAPTION>
                           Additional
                             paid-in     Accumulated      Notes
                             capital       Deficit      Receivable     Total
                           -----------  -------------  ------------  ---------
<S>                        <C>          <C>            <C>           <C>
Balances at September
30, 1999                   $ 1,127,287  $   (274,301)  $  (634,000)  $217,273
Shares issued for
shares of NetWeb
OnLine.Com, Inc.                54,740             -             -     57,750
Shares retired in
connection with the
acquisition of NetWeb
Online.Com, Inc.                 1,721             -             -          -
Net loss for period                  -        (5,020)            -     (5,020)
                           -----------  -------------  ------------  ---------
Balance December 31, 1999  $ 1,177,748  $   (279,321)  $   634,000   $270,003
                           ===========  =============  ============  =========
</TABLE>
The accompanying notes are an integral part of these financial statements


                                        6
<PAGE>
                               NetWeb OnLine.Com, Inc.
                     NOTES TO UNAUDITED FINANCIAL STATEMENTS
                    THREE MONTH PERIOD ENDED DECEMBER 31, 1999

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 10-01 of Regulation S-X.
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.  The results of operations for the three-month
periods  ended  December 31, 1999 and 1998 are not necessarily indicative of the
operating  results  to  be  expected  for  a  full  year.

NOTE  2.  -  HISTORY  AND  ORGANIZATION

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.

The  Company  markets,  promotes  and  distributes the Wonderstick(R) golf swing
training  aid  and  other  golf  related  products and services.  The Company is
located  in  Boca  Raton,  Florida  and it maintains a sales office in McKinney,
Texas.  It  offers  and  sells  products and general merchandise internationally
through  its  proprietary  web  sites, and in the United States, directly to the
public  through  professional  golf  instructors.

The accompanying notes are an integral part of these financial statements


                                        7
<PAGE>
NOTE  3.  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Use  of  Estimates  and  Assumptions
------------------------------------

Management  uses  estimates and assumptions in preparing financial statements in
accordance  with  generally accepted accounting principles.  Those estimates and
assumptions  affect  the  reported  amounts  of  assets  and  liabilities,  the
disclosure  of  contingent  assets  and liabilities, and the reported amounts of
revenues  and  expenses.  Actual results could vary from the estimates that were
used.

Income  Taxes
-------------

The Company accounts for income taxes in accordance with the asset and liability
method.  Deferred  income  tax  assets and liabilities are computed periodically
for  differences  between  the  financial  statement and tax bases of assets and
liabilities  that  will  result  in  taxable or deductible amounts in the future
based  on  enacted  tax  laws  and  rates applicable to the periods in which the
differences  are  expected  to  affect taxable income.  Valuation allowances are
established  when necessary to reduce deferred tax assets to the amount expected
to  be  realized.  Income  tax  expense is the tax payable or refundable for the
period  plus  or  minus  the change during the period in deferred tax assets and
liabilities.

Cash  and  Cash  Equivalents
----------------------------

The  Company  considers all unrestricted cash on hand and in banks, certificates
of  deposit  and other highly-liquid investments with maturities of three months
or  less,  when  purchased,  to be cash and cash equivalents for purposes of the
Statements  of  Cash  Flows.

Advertising  Costs
------------------

Advertising  costs  are  charged  to operations when the advertising first takes
place.  The Company had capitalized $1,491 in September 30, 1999 and $180,300 in
September  30, 1998 related to the final version of the infomercial that has yet
to  be  aired.  Advertising  expense  totaled  $2,074  in the three months ended
December  31,  1999  and  $2,000  for  the  period  ended  December  31,  1998.

Patent
------

The  patent  is  being  amortized  straight-line  over five years, the estimated
useful  life  of  the  patent.


NOTE  4.  -  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.

The accompanying notes are an integral part of these financial statements


                                        8
<PAGE>
NOTE  5.  NOTE  PAYABLE  TO  RELATED  PARTY

Note  payable  to related party consists of an amount due from a shareholder and
director.  The  note  is  unsecured,  bears  interest  at  7.5%,  and matures in
February  2003  at  which  time  both  principal  and  interest  will  be  due.

NOTE  6.  -  STOCKHOLDERS'  EQUITY

During  the  three  month  period  ended  December  31, 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 700,000
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.

NOTE  7.  -  PATENTS  AND  TRADEMARKS

The  Company  purchased rights to the "Wonderstick" patent from the two previous
owners.  The  terms  and  conditions  of  the  agreements  are  as  follows:

The  Company  purchased  the  interest of owner number one for future royalties.
Under the agreement, owner number one will receive a $1.00 royalty for each unit
sold  net  of returns and giveaways.  This agreement will expire on December 31,
2003,  at which point the seller would retain no further interest in the patent.
In the event, however, that less than 100,000 units have been sold by that time,
rights to the patent would revert back to the seller.  The Company does have the
option  to  "buy  out" the contract for the remainder amount left on the minimum
$100,000  ($1.00  per unit for 100,000 units) plus an additional sum of $15,000.

Effective  June  3,  1998,  the  Company  has  also entered into an agreement to
purchase  the  remaining  interest in the "Wonderstick" patent from Wonderstick,
Inc.  (owner  number  two).  Under  the agreement, the Company purchased all the
corporate  assets of Wonderstick, Inc. (including patent rights) excluding cash,
securities,  accounts  receivable, accounts payable, or any other obligations or
liabilities,  for  cash of $60,000 plus royalties and a stock option.  A $20,000
cash  down  payment  was made by the Company pursuant to this agreement, and the
remaining  $40,000  is  still  payable,  and at December 31, 1999 is included in
other payables in the accompanying balance sheet.  Royalties of 10% of net sales
for  units  sold with a per unit sales price between $15.00 and $34.99 and $2.04
per  unit  for  units  sold at $35.00 or higher will be due for a period of five
years  from  the  date  of closing of the agreement.  At closing, the seller was
also  granted an option to purchase 3 percent of the outstanding common stock of
the  Company at a total exercise price of $100.  In connection with the purchase
from  owner  number  two,  the  Company  has  agreed  to enter into a three-year
independent  contractor  agreement.  The  agreement  provides  for  annual
compensation of $40,000 plus an 11 percent commission.  As of December 31, 1999,
the  independent  contractor  agreement  had  not  been  executed.

The accompanying notes are an integral part of these financial statements


                                        9
<PAGE>
NOTE  8.  -  ADDITIONAL  ROYALTIES

In  addition to the royalties due the two owners of the patent (see Note F), the
Company  has  also  entered  into  royalty agreements for the endorsement of the
Company's  product by five industry professionals.  The agreements, which expire
from April 19, 2000 to May 31, 2000, provide for royalties accumulating to $1.10
per  unit to be paid on "endorsed product" sales.  Royalties due as of September
30,  1999  have  been  accrued  and  are  included  in  accrued  liabilities.

NOTE  9.  -  INCOME  TAXES

Deferred  tax  assets and liabilities at September 30, 1999 and 1998, consist of
the  following:

<TABLE>
<CAPTION>
                                  1999       1998
                                ---------  ---------
<S>                             <C>        <C>
Current deferred tax asset      $ 67,208   $ 66,657

Current deferred tax liability   (67,208)   (66,657)
                                ---------  ---------
                                $      -   $      -
                                =========  =========
Non-current tax asset           $ 97,711   $ 52,591

Valuation allowance              (97,711)   (52,591)
                                ---------  ---------
                                $      -   $      -
                                =========  =========
</TABLE>

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 $446,000 and $322,000 at September 30, 1999 and September 30, 1998,
respectively.  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  2019.  A  100%  valuation  allowance  has been
recorded  to  offset  the  net  deferred  tax  asset  due  to the uncertainty of
generating  future  taxable  income.

The  Company's  income  tax  expense  for  the year ended September 30, 1999 and
September  30,  1998,  differed from the statutory federal rate of 34 percent as
follows:

The accompanying notes are an integral part of these financial statements


                                       10
<PAGE>
<TABLE>
<CAPTION>
                                                 1999       1998
                                               ---------  ---------
<S>                                            <C>        <C>
Statutory rate applied to loss before income   $(41,496)  $(48,366)
taxes
Increase (decrease) in income taxes resulting
from:
State income taxes, net of federal income tax
effect                                           (3,625)    (4,225)
Increase in valuation allowance                  45,671     52,591
Other                                              (550)
                                               ---------  ---------
Income tax expense                             $      -   $      -
                                               =========  =========
</TABLE>

                             NETWEB ONLINE.COM, INC.

                     NOTES TO UNAUDITED FINANCIAL STATEMENTS
                   THREE MONTH PERIOD ENDED DECEMBER 31, 1999
                   ------------------------------------------

NOTE  10.  -  SUBSEQUENT  EVENTS

On  January  11,  2000,  the  Company  filed  a  Registration  Statement on Form
10-SB-12(g)  for the purpose of becoming a voluntary reporting company under the
provisions  of  the Securities Exchange Act of 1934, as amended.  The Securities
and  Exchange  Commission  declared  the  registration statement effective as of
January  20,  2000.

Management  has been advised that an NASD member securities maker has or intends
to  file  Form  211  with the NASD sometime during the month of February 2000 to
obtain approval for trading the Company's Common Stock on the OTC Bulletin Board
under  the  trading  symbol  NWOL.


The accompanying notes are an integral part of these financial statements


                                       11
<PAGE>
Item  2.  Management's  Discussion  and  Analysis  or
          Plan  of  Operation.

          The  following  information for the three month periods ended December
31,  1999  and  1998  has been derived from the Company's unaudited consolidated
financial  statements  and  should  be  read  in  conjunction with the Company's
Registration  Statement  on  Form  10-SB  effective  as  of  January  20,  2000.

SPECIAL  NOTE  ON  FORWARD-LOOKING  STATEMENTS

          Certain  statements  in  this  report  and elsewhere (such as in other
filings by the Company with the Securities and Exchange Commission("SEC"), press
releases,  presentations  by  the Company of its management and oral statements)
may  constitute  "forward-looking  statements" within the meaning of the Private
Securities  Litigation  Reform  Act  of  1995.  Words  such  as  "expects",
"anticipates",  "intends",  "plans",  "believes",  "seeks",  "estimates",  and
"should"  and variations of these words and similar expressions, are intended to
identify  these  forward-looking statements.  The Company's actual results could
differ  materially  from  those anticipated in these forward-looking statements.
Factors  that  might  cause  or  contribute  to  such differences include, among
others,  competitive  pressure,  the  growth  rate  of the Internet industry and
electronic commerce, constantly changing technology and market acceptance of the
Company's  products  and  services.  The  Company  undertakes  no  obligation to
publicly  release  the  result  of  any  revisions  to  these  forward-looking
statements,  which may be made to reflect events or circumstances after the date
hereof  or  to  reflect  the  occurrence  of  unanticipated  events.

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

COMPARISON  OF  THE  THREE  MONTHS ENDED DECEMBER 31, 1999 WITH THE THREE MONTHS
ENDED  DECEMBER  31,  1998

         Revenues  for  the  three  month  period  ended  December 31, 1999 were
$19,657,  compared  to  no revenues recorded during the same period of the prior
year,  as  a  result  of  sales  of  the  Company's  golf  training  device, the
Wonderstick  in the current period. The Company had a net loss of ($5,020)in the
quarter  ended  December  31,  1999,  compared to a net loss of ($36,252) in the
corresponding  prior  quarter.  The loss in the current quarter was attributable
primarily  to  increased  general and administrative costs related to the NetWeb
OnLine.Com,  Inc.  acquisition  and the preparation and filing of a registration
statement  on  Form  10-SB.

          In  December  1999,  the  Company  (formerly  known  as  The  Golfing
Network.Com  Inc.)  acquired  all of the outstanding shares of NetWeb OnLine.Com
Inc.,  a  development  stage  company.  This acquisition was made to further the
Company's  primary  business objective, which is the development and acquisition
of  Internet web sites to sell a variety of products and services, including the
Wonderstick.


                                       12
<PAGE>
          In  furtherance  of  this  objective, the Company entered into various
agreements  with  strategic  partners during the period ended December 31, 1999.
The  Company  entered  into  an  agreement  with  uMember.com to become the sole
supplier  of  golf  products  and services on uMember's seven million member web
site.  The  Company purchased a 90% interest in E-Trade Golf.Com in exchange for
preferred stock.  In addition, in January 2000, the Company purchased 30% of the
shares  of  Dietplace.Com,  Inc.,  the  owner  of  a  development stage web site
designed  to  sell  a  wide  variety  of  health  and  diet related products and
services,  for  the  sum  of  $4,500.

          The  Company's  e-commerce  web  sites  are  in  various  stages  of
development.  Significant  revenues from these sites will develop only after the
funds  needed  for  promotion  of the Company's e-commerce programs are received
through  financing  activities  described  below.


LIQUIDITY  AND  CAPITAL  RESOURCES

          On December 31, 1999, the Company's cash balance was $29,677, compared
to  $883  at  the  end  of  the  prior  quarter.  The  increase was attributable
primarily  to  proceeds  from  financing  activities,  consisting  of loans from
stockholders  and  capital  contributions  received  from  the  private  sale of
restricted  stock.  Current  liabilities  increased by $6,057 during the quarter
primarily  as a result of costs related to the acquisition of NetWeb OnLine.Com,
Inc.  and  the  preparation  and  filing  of  Form  10-SB  with  the  SEC.

          During the next twelve (12) months, the Company intends to continue to
seek  acquisitions  and strategic alliances within the Internet marketing field.
To  date,  the  Company  has  made  strategic acquisitions and obtained services
required  to  develop  its business primarily through the issuance of common and
preferred  stock  and  from  the  proceeds  of  the  private sale of securities.
Although  it  intends  to  pursue that same method in the next twelve months, it
expects  that  it  will  need  to  generate  additional case flow to fulfill its
business  plan.  To  that  end,  the  Company  will  seek  to generate increased
revenues from the sale of the Wonderstick and to begin to generate revenues from
the sale of advertising on its web sites and from the development and management
of  web  sites  for  other  entities  desiring to place their Internet "shopping
carts" on the Company's web portals.  In addition, it intends to seek investment
capital  from  the  private  or  public offering of securities during 2000.  The
Company  also  intends  to continue to seek acquisitions and strategic alliances
within  the  Internet  marketing  field,  including  the possible acquisition of
"collectible"  inventories  to  offer for sale on its NetWebCollectibles.Com web
site.

          The  Company continues to be reliant upon the combination of revenues,
loans  from  stockholders  and  capital  contributions  to fund operations.  The
Company has not generated any profits from its existing operations and continues
to  incur  substantial costs related primarily to development and maintenance of
its Internet web sites.  The Company's continued existence is dependent upon its
ability  to  secure  financing  or its ability to generate sufficient cash flows
through  operations to meet its operating costs and repay current obligations as
they  come  due.


                                       13
<PAGE>
                                     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  December 31, 1999, the Company issued the
following  securities in transactions not registered under the Securities Act of
1933  (the  "Act").

          1.   33,737  shares  of Series I Convertible Preferred Stock issued to
R&R  Investments  Corp.  on  or  about  October  5,  1999  in exchange for a 90%
ownership  interest  in  E-Trade  Golf.Com.

          2.   2,310,000  shares  of Common Stock and 700,000 shares of Series I
Convertible Preferred Stock issued in exchange for all of the outstanding shares
of  common  stock of NetWeb OnLine.Com Inc. (FL) pursuant to a Stock Acquisition
Agreement  dated  December  13,  1999.


Item  3.     Defaults  Upon  Senior  Securities.

None


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

None


Item  5.     Other  Events

          On  January  7,  2000  the  Company  entered  into  an  Agreement with
Dietplace.Com  Inc.  ("Dietcom") to purchase 30% of Dietcom's shares for the sum
of  $4,500.  Dietcom  is the owner of a developmental stage web site designed to
sell  health  and  diet  related  produces  and  services.

          On  January  17,  2000,  the NASDAQ trading symbol for the Company was
changed  to  NWOL.



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


                                       14
<PAGE>
          A.     EXHIBITS
<TABLE>
<CAPTION>

EXHIBIT NO.  DESCRIPTION                             LOCATION
-----------  ---------------------------------  ------------------
<C>          <S>                                <C>
10           Stock Purchase Agreement between   Filed herewith
             the Company and Dietplace.Com      electronically
             Inc., dated January 7, 2000.
10           Stock Acquisition Agreement        Incorporated by
             between the Company and NetWeb     reference the
             OnLine.Com, Inc. (FL), dated as
             of December 13, 1999.
10           Sale, Transfer and Assignment of   Incorporated by
             Assets between PR Sources, Inc.    reference
             and NetWeb OnLine.Com, Inc. (FL)
             dated October 7, 1999.
10           Sale, Transfer and Assignment of   Incorporated by
             Federal Service Mark               reference
             Registration between PR Sources,
             Inc. and NetWeb OnLine.Com, Inc.
             dated November 1, 1999.
10           Co-Brand Agreement between         Incorporated by
             uMember.com, Inc., dated           reference
             November 21, 1999.
10           Purchase and Sale Agreement        Incorporated by
             between R&R Investments and the    reference
             Company, dated December 6, 1999.
27           Financial data schedule            Filed herewith
                                                electronically
</TABLE>
The exhibits marked "Incorporated by reference" were previously
filed as an exhibit to the Company's Registration Statement on
Form 10-SB (File No. 000-28833) filed with the Securities and
Exchange Commission on January 11, 2000.

B.     REPORTS  ON  FORM  8-K

          No  reports  on  Form 8-K were filed during the quarter ended December
31,  1999  or  to  date.

                                       15
<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/  Bryan  Efimov
                                        -------------------------
                                        Bryan  Efimov,  President

Date: February 14,  2000


                                       16
<PAGE>