U. S. SECURITIES AND EXCHANGE COMMISSION
                       Washington, D. C. 20549
             _____________________________________________


                             FORM 10-QSB

(Mark One)

     [X]  Quarterly Report Pursuant to Section 13 or 15(d) of the
          Securities Exchange Act of 1934

          FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

                             Or

     [ ]  Transition Report Pursuant to Section 13 or 15(d) of the
          Securities Exchange Act of 1934

     For the transition period from January 1, 2000 to March 31, 2000

                      Commission File Number 0-27383
            _________________________________________________


                         PARA MAS INTERNET, INC.
  (Exact name of small business issuer as specified in its charter)

           NEVADA                                59-3383240
  (State of Incorporation)           (IRS Employer Identification No.)



      1800 CENTURY PARK EAST  SUITE 600 LOS ANGELES CA 90067
              (Address of Principal Executive Offices)


Registrant's telephone number, including area code: (310) 229-5722



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 May 15, 2000, the registrant had outstanding 44,127,569 shares
of its Common Stock, $.0001 par value.


<PAGE>
                   PARA MAS INTERNET, INC.
          FORMERLY LAPITOS ACQUISITION CORPORATION

                  FORM 10-QSB REPORT INDEX



                                                                PAGE NO.

PART I.   FINANCIAL INFORMATION

     ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)

        Consolidated Balance Sheet as of March 31, 2000              3

        Consolidated Statements of Losses for the Three Months
        Ended March 31, 2000                                         4

        Consolidated Statements of Cash Flows
        Months Ended March 31, 2000                                  5

        Notes to Unaudited Consolidated Financial Statements
        March 31, 2000                                               6

     ITEM 2.  MANAGEMENT'S PLAN OF OPERATION                         6

PART II.  OTHER INFORMATION

     ITEM 1.  LEGAL PROCEEDINGS                                      7

     ITEM 5.  OTHER INFORMATION                                      7

     ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                       7

SIGNATURES.                                                          8
























<PAGE>  -2-


                       PART I.  FINANCIAL INFORMATION

                 ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)

                          PARA MAS INTERNET, INC.
                     LAPITOS ACQUISITION CORPORATION
                     (A DEVELOPMENTAL STAGE COMPANY)
                        CONSOLIDATED BALANCE SHEET



                              MARCH 31, 2000             DECEMBER 31,  1999

ASSETS

Current assets:

     Cash                           $  500                      $  500
     Organization costs less
     accumulated amortization            -                           -
                                     -----                       -----
                                    $  500                      $  500



LIABILITIES AND STOCKHOLDERS EQUITY

Current liabilities:

     Advance from related party      $  333                     $  333
     Total current liabilities          333                        333


Stockholders' equity:
 Preferred stock, par value, $.0001
  per share; 20,000,000 shares
   authorized ; none issued               -                          -
 Common stock, par value $.0001 per
  share; 100,000,000 shares
  authorized; 5,000,000 shares
  issued                                500                        500
  Deficit accumulated during
   development stage                   (333)                      (333)

    Total stockholders' equity          167                        167
                                      -----                      -----
                                     $  500                     $  500











    The accompanying notes are an integral part of these statements.

<PAGE>  -3-


                   Para Mas Internet, Inc.
          Formerly Lapitos Acquisition Corporation
               (A DEVELOPMENTAL STAGE COMPANY)
                    STATEMENTS OF LOSSES

                                                    PERIOD FROM
                                                    FEB 28,1999
                                   THREE            (DATE OF INCEPTION)
                                   MONTHS ENDED     THROUGH
                                   MARCH 31,2000    MARCH 31,2000
                                   (UNAUDITED)      (UNAUDITED)

Costs and expenses:

     Amortization                    $       78            $      411
                                      ---------             ---------
     Net Loss                        $       78            $      411
                                      =========             =========
     Loss per common share
     (basic and assuming dilution)   $     0.00            $     0.00
                                      =========             =========
     Weighted average common shares
     Outstanding                      5,000,000             5,000,000
                                      =========             =========


































    The accompanying notes are an integral part of these statements.

<PAGE>  -4-

                   Para Mas Internt, Inc.
          Formerly Lapitos Acquisition Corporation
                  STATEMENTS OF CASH FLOWS
               (A DEVELOPMENTAL STAGE COMPANY)


                                                    PERIOD FROM
                                                    FEBRUARY 28, 1999
                                   THREE           (DATE OF INCEPTION)
                                   MONTHS ENDED     THROUGH
                                   MARCH 31,2000    MARCH 31,1999
                                   (UNAUDITED)     (UNAUDITED)

Cash flows from operating
   activities:

     Net loss                      $     (78)          $    (411)

Adjustments to reconcile net
loss to net cash provided by
operating activities:

   Amortization                           78                 411
                                   ---------           ---------
   Net cash provided by operating
     activities                            0                   0
                                   ---------           ---------

Cash flows from financing activities:

     Issuance of common stock              -                 500
                                   ---------           ---------
     Net increase in cash                  0
     Cash - beginning of period          500                 500
                                   ---------           ---------
     Cash - end of period          $     500           $     500
                                   =========           =========
















    The accompanying notes are an integral part of these statements.

<PAGE>   -5-

                   PARA MAS INTERNET, INC.
          FORMERLY LAPITOS ACQUISITION CORPORATION
              (A DEVELOPLMENTAL STAGE COMPANY)
    NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                       MARCH 31, 2000
                         (UNAUDITED)
NOTE A

1.  Basis of Presentation
    ---------------------

     The  accompanying unaudited financial  statements  have
been  prepared  by  Lapitos  Acquisition  Corporation.  (the
"Company" ") pursuant to the rules and regulations of the U.
S.  Securities and Exchange Commission. Certain  information
and   disclosures  normally  included  in  annual  financial
statements  prepared in accordance with  generally  accepted
accounting  principles  have  been   condensed  or   omitted
pursuant  to such rules and regulations. In the  opinion  of
management, all adjustments and disclosures necessary for  a
fair  presentation  of these financial statements have  been
included.  Such  adjustments  consist  of  normal  recurring
adjustments.  This  Form 10-QSB Report  should  be  read  in
conjunction   with  annual  report  of  Lapitos  Acquisition
Corporation included in the Form 10-SB for the period  ended
June  30,  1999,  as  filed with the U.  S.  Securities  and
Exchange  Commission.

     The results of operations for the period ended March
31, 2000 are not  indicative of the results that may be
expected for the year ended December 31, 2000.

2.  Use of Estimates
    ----------------

     The  preparation of 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 revenue and
expenses during the reporting period.

     Actual results could differ from those estimates.

ITEM 2.  MANAGEMENT'S PLAN OF OPERATION

     The Company intends to merge with or acquire a business
entity in exchange for the Company's securities. The Company
has  no  particular acquisition in mind and has not  entered
into any negotiations regarding such an acquisition. Neither
the  Company's  officer and director nor any  affiliate  has
engaged in any negotiations with any representative  of  any
company  regarding  the possibility  of  an  acquisition  or
merger  between  the  Company  and  such  other  company  or
identified  any particular acquisition candidate. Management
anticipates   seeking   out   a   target   company   through
solicitation.  Such  solicitation may include  newspaper  or
magazine advertisements, mailings and other distributions to
law  firms, accounting firms, investment bankers,  financial
advisors  and similar persons, the use of one or more  World
Wide  Web sites and similar methods. No estimate can be made
as  to  the  number  of  persons who will  be  contacted  or
solicited  and  no assurance can be given that  any  of  the
persons  contacted  or  solicited  will  be  interested   in

<PAGE>    -6-

consummating a business combination. Management may engage in
such solicitation directly or may employ one  or  more  other
entities   to   conduct  or  assist  in  such  solicitation.
Management  and  its  affiliates may pay  referral  fees  to
consultants  and  others  who refer  target  businesses  for
mergers  into public companies in which management  and  its
affiliates have an interest. Payments are made if a business
combination occurs, and may consist of cash or a portion  of
the  stock  in  the Company retained by management  and  its
affiliates,  or  both.  Additionally,  the  Company's   sole
officer  and  director may receive a referral fee  or  other
compensation from the target business with which the Company
consummates a business combination. The Company has no  full
time  employees.  The  Company's  president  has  agreed  to
allocate  a  portion of his time to the  activities  of  the
Company up to a maximum of 10 hours per month, without  cash
compensation.  The president anticipates that  the  business
plan  of  the Company can be implemented by his devoting  no
more than 10 hours per month to the business affairs of  the
Company  and, consequently, conflicts of interest may  arise
with respect to the limited time commitment by such officer.
Management  is  currently involved  with  soliciting  target
companies  on  behalf  of  blank  check  companies,  and  is
involved   in  creating  additional  blank  check  companies
similar to this one. A conflict may arise in the event  that
another  blank  check  company  with  which  management   is
affiliated  actively  seeks  a  target  company.  Management
anticipates  that target companies will be located  for  the
Company  and  other blank check companies  in  chronological
order of the date of formation of such blank check companies
or  by  lot. Other blank check companies that may be formed,
however, may differ from the Company in certain matters such
as   place   of   incorporation,  number   of   shares   and
shareholders,   working   capital,   types   of   authorized
securities,  or  other characteristics. It  may  be  that  a
target  company  may be more suitable for or  may  prefer  a
certain  blank  check company formed after the  Company.  In
such  case,  a  business combination might be negotiated  on
behalf of the more suitable or preferred blank check company
regardless of date of formation or choice by lot.

PART II.  OTHER INFORMATION.

ITEM 1.  LEGAL PROCEEDINGS.

          None.

ITEM 5.  OTHER INFORMATION.

          None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

     (a) Furnish the exhibits required by Item 601 of Regulation S-B.

         None

     (b) Reports on Form 8-K.

         None

<PAGE>  -7-


                              SIGNATURES

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


                                        Para Mas Internet, Inc.

                                        By:  s/s Mike M. Mustafoglu
                                             ------------------------
                                             Mike M. Mustafoglu
                                             Chairman and CEO


Date:  May 16, 2000


<PAGE>  -8-