UNITED STATES
                       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    June 30, 1999

[  ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from ________________ to _______________

Commission File No.     33-55254-25

                            VisionGlobal Corporation
        (Exact name of Small Business Issuer as specified in its charter)

         NEVADA                                         87-0438636
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
incorporation  or organization)

         251 Kearny, 8th Floor
         San Francisco, California                      94108
(Address of principal executive offices)             (Zip Code)


Issuer's telephone number, including area code     (415) 901-2700

         Indicate  by check mark  whether  the Issuer (1) has filed all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934 during the preceding 12 months (or for such shorter  period that the Issuer
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days. [ ] Yes [X] No

         Indicate  the  number of  shares  outstanding  of each of the  Issuer's
classes of common stock, as of the latest practicable date.

                  Class                       Outstanding as of December 7, 1999
---------------------------------------      ----------------------------------
$.001 PAR VALUE CLASS A COMMON STOCK                     17,302,000 SHARES

                                        1

<PAGE>



                         PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements.

BASIS OF REPRESENTATION

General

         The accompanying  unaudited financial  statements have been prepared in
accordance with the instructions to Form 10-QSB and,  therefore,  do not include
all information and footnotes necessary for a complete presentation of financial
position,  results  of  operations,  cash  flows and  stockholders'  deficit  in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments  are of a normal  recurring  nature.  Operating  results for the six
months ended June 30, 1999, are not  necessarily  indicative of the results that
can be expected for the year ending December 31, 1999.

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


         The  Company  remains a  development  stage  enterprise.  It has had no
operational  history and has yet to engage in  business  of any kind.  All risks
inherent in new and  inexperienced  enterprises  are  inherent in the  Company's
business.  The Company's  major  activity for the six months ended June 30, 1999
was looking for viable business opportunities.

         During the six months  ended June 30,  1999,  the  Company  spent about
$703,000  for  various  administrative  expenses  to  develop  the  business  of
VisionCorp ($344,000 in 1998).  Included in the $703,000 is $562,000 of services
to officers paid with stock.

         VisionCorp  is at present a holding  company whose  principal  business
will be to foster,  develop and manage companies in highly technical operations.
VisionCorp  intends to become an  operating  company  itself in the near future,
however, no date is scheduled for operations to begin.


Assets
         The Company remains without  significant  assets and is presently being
supported by investment from various  sources.  The Company is now attempting to
raise capital to begin  operations.  Future  activities will be dependent on the
Company's ability to raise substantial new capital.

         While there cannot be any assurance that the Company will be successful
in  obtaining  substantial   investment,   the  Company  believes  that  if  its
negotiations  are  successful  in obtaining an agreement  with certain  internet
providers and internet related  operations,  it should be in a position to raise
the necessary capital to activate the Company.

Liabilities
         The liabilities of the Company  represent costs incurred in attempts to
establish business operations during the past quarter.

                                        2

<PAGE>



Operations
         The  Company  has had no  operating  revenues  as  demonstrated  by the
financial statements.  The expense associated with operations primarily consists
of general and  administrative  costs incurred  while  attempting to establish a
business  for the  Company by the  negotiation  of certain  options  held by the
Company to acquire  operations in the land mine discovery and removal  business,
water  purification and other related  businesses.  At the same time the Company
has been incurring  expenses in connection with its present attempt to obtain an
agreement for providing  certain  internet  services  which the Company hopes to
conclude in the near future.

Stockholders' Deficit
         The  Company  has an  accumulated  loss of  $1,097,037  which  has been
incurred to date during the development  stage.  At June 30, 1999  stockholders'
deficit was $223,506.

Item 5.                    Other Information

         On May 7, 1999, the Company announced an additional corporate strategy.
The Company  which is currently  positioning  itself as a prime  contractor  for
ordnance detection and ordnance remediation utilizing geophysical  technologies,
has entered into talks with several  entities to  facilitate  their plan to take
advantage  of  the  rapidly  growing  Internet  and  technology  sector.  It  is
Management's  belief that the earnings  potential  that  currently  exist in the
convergence of media related  technologies  is significant  and will continue to
grow.  Additionally,  Management has found a lucrative synergistic  relationship
between the two sectors which to date has not been exploited.

         As of the date of this filing,  Management has secured funding interest
for the future growth and development of the Company.  Management  believes this
funding  will  provide  sufficient  working  capital  to  initiate   operations.
Management  is now  focused on a more  attractive  opportunity  to  fulfill  the
Company's ambitions in the ordnance sector.



                                        3

<PAGE>



                           PART II - OTHER INFORMATION

Item 6.                    Exhibits and Reports on Form 8-K

         (a)      Exhibits
                  99.1 Financial Statements as of June 30, 1999
                  27 Financial Data Schedule

         (b)      Reports on Form 8-K
                  None

                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the Issuer has duly  caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                             VisionGlobal Corporation



Dated:  January 7, 2000                  /s/ Martin Wotton
                                             Martin G. Wotton,
                                             President and Director


                                        4

<PAGE>



                    VISIONGLOBAL CORPORATION AND SUBSIDIARIES
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS


<TABLE>
<CAPTION>
                                                                         June 30,                 December 31,
                                                                           1999                       1998
                                                                        (Unaudited)                 (Audited)
                                                                  ----------------------     --------------------
ASSETS
   CURRENT ASSETS
<S>                                                               <C>                        <C>
     Cash in bank                                                 $                    0     $                  0
                                                                  ----------------------     --------------------

                                            TOTAL CURRENT ASSETS                       0                        0
                                                                  ----------------------     --------------------

                                                                  $                    0     $                  0
                                                                  ======================     ====================

LIABILITIES & DEFICIT
   CURRENT LIABILITIES
     Accounts payable                                             $              128,306     $             59,979
     Loans payable                                                                25,000                   25,000
     Payable - officer                                                            70,200                   70,200
                                                                  ----------------------     --------------------

                                       TOTAL CURRENT LIABILITIES                 223,506                  155,179

   STOCKHOLDERS' DEFICIT
     Common Stock $.001 par value:
       Authorized - 100,000,000 shares
       Issued and outstanding 17,302,000 shares
         (11,200,000 in 1998)                                                     17,302                   11,200
     Additional paid-in capital                                                  856,229                  227,931
     Deficit accumulated during the
       development stage                                                      (1,097,037)                (394,310)
                                                                  -----------------------    ---------------------

                                     TOTAL STOCKHOLDERS' DEFICIT                (223,506)                (155,179)
                                                                  ----------------------     ---------------------

                                                                  $                    0     $                  0
                                                                  ======================     ====================
</TABLE>


                                      F - 1

<PAGE>



                    VISIONGLOBAL CORPORATION AND SUBSIDIARIES
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                                      4/16/86
                                                     Three Months Ended                Six Months Ended              (Date of
                                                          June 30,                         June 30,                inception) to
                                                   1999              1998           1999              1998            6/30/99
                                               -------------    -------------   -------------    -------------  ------------------
<S>                                            <C>              <C>             <C>              <C>            <C>
Net sales                                      $           0    $           0   $           0    $           0  $                0
Cost of sales                                              0                0               0                0                   0
                                               -------------    -------------   -------------    -------------  ------------------

                                GROSS PROFIT               0                0               0                0                   0

General and administrative expenses                   52,101          239,105         702,727          344,249           1,097,037
                                               -------------    -------------   -------------    -------------  ------------------

                                    NET LOSS   $     (52,101)   $    (239,105)  $    (702,727)   $    (344,249) $       (1,097,037)
                                               =============    ==============  =============    ============== ==================

Net income (loss) per weighted
   average share                               $        (.00)   $        (.02)  $        (.04)   $        (.03)
                                               =============    ==============  =============    ==============

Weighted average number of common
   shares used to compute net income
   (loss) per weighted average share              17,302,000       11,200,000      16,204,334       10,350,000
                                               =============    =============   =============    =============
</TABLE>


                                      F - 2

<PAGE>



                    VISIONGLOBAL CORPORATION AND SUBSIDIARIES
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                                        4/16/86
                                                                        Six Months Ended               (Date of
                                                                            June 30,                 Inception) to
                                                               ----------------------------------
                                                                     1999              1998             6/30/99
                                                               ---------------    ---------------  ----------------
OPERATING ACTIVITIES
<S>                                                            <C>                <C>              <C>
  Net (loss)                                                   $      (702,727)   $      (344,249) $     (1,097,037)
  Adjustments to reconcile net (loss) to cash used
     by operating activities:
     Stock issued for expenses                                         561,800                  0           561,800
     Amortization                                                            0                  0                50
  Changes in assets and liabilities:
       Accounts payable                                                 68,327             10,800           128,306
       Payable - officer                                                     0             70,200            70,200
                                                               ---------------    ---------------  ----------------
                                               NET CASH USED
                                     BY OPERATING ACTIVITIES           (72,600)          (263,249)         (336,681)

INVESTING ACTIVITIES
  Organization costs                                                         0                  0               (50)
                                                               ---------------    ---------------  ----------------

                                    NET CASH PROVIDED (USED)
                                     BY INVESTING ACTIVITIES                 0                  0               (50)

FINANCING ACTIVITIES
  Proceeds from sale of common stock                                    72,600                  0            74,600
  Loans                                                                      0             76,163            25,000
  Cash from subsidiary                                                       0            187,131           237,131
                                                               ---------------    ---------------  ----------------

                                        NET CASH PROVIDED BY
                                        FINANCING ACTIVITIES            72,600            263,294           336,731
                                                               ---------------    ---------------  ----------------

                                            INCREASE IN CASH
                                        AND CASH EQUIVALENTS                 0                 45                 0

Cash and cash equivalents at beginning of year                               0                  0                 0
                                                               ---------------    ---------------  ----------------

                                   CASH AND CASH EQUIVALENTS
                                            AT END OF PERIOD   $             0    $            45  $              0
                                                               ===============    ===============  ================
</TABLE>

SUPPLEMENTAL INFORMATION
  During the quarter ended March 31, 1998, the Company issued  10,000,000 shares
  of restricted common stock to acquire subsidiaries.






                                      F - 3