SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

 | X |   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 [FEE REQUIRED]


               FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000
                            -------------------------


 |  |   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

       For the transition period from _______________ to _______________

                           COMMISSION FILE NO. 0-20190

                                  PIRANHA, INC.
                              --------------------
             (Exact name of registrant as specified in its charter)

DELAWARE                                                              36-3859518
(State or other jurisdiction of                                 (I.R.S. Employer
incorporation or organization)                               Identification No.)

                 6060 N. CENTRAL EXPRESSWAY, DALLAS, TEXAS 75206
             ------ -----------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (214) 800-2835
                          Registrant's telephone number

                    APPLICABLE ONLY TO CORPORATE REGISTRANTS

As of November 14, 2000,  11,166,614  shares of Common  Stock,  $.001 par value,
were issued and outstanding.

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]





<PAGE>






                    INDEX TO QUARTERLY REPORT ON FORM - 10QSB

                                                                        PAGE NO.

PART I   FINANCIAL INFORMATION

Item 1.  Consolidated Financial Statements

                    Balance Sheet                                              3

                    Statements of Operations                                   4

                    Statements of Cash Flows                                   5

                    Notes to Consolidated Financial Statements                 6

Item 2.  Management's Discussion and Analysis or Plan of Operation             9


PART II  OTHER INFORMATION

Item 1.  Legal Proceedings                                                    10

Item 2.  Changes in Securities                                                10

Item 3.  Defaults Upon Senior Securities                                      10

Item 4.  Submission of Matters to a Vote of Security Holders                  10

Item 5.  Other Information                                                    11

Item 6.  Exhibits and Reports on Form 8-K                                     11


This Quarterly Report on Form 10-QSB contains forward-looking  statements within
the  meaning of Section  21E of the  Securities  and  Exchange  Act of 1934,  as
amended,  and  Section 27A of the  Securities  Act of 1933,  as  amended.  These
statements involve risks and  uncertainties,  including these risks discussed in
the section  entitled "Item 6,  Management's  Discussion and Analysis or Plan of
Operations"  and  elsewhere in the Quarterly  Report on Form 10-QSB.  The actual
results  that the  Company  achieves  may  differ  materially  from the  results
discussed or implied in such  forward-looking  statements  due to such risks and
uncertainties.  Words such as "believes,"  "anticipates,"  "expects,"  "future,"
"intends,"   "may"  and   similar   expressions   are   intended   to   identify
forward-looking  statements, but are not the exclusive means of identifying such
statements.  The  Company  undertakes  no  obligation  to  revise  any of  these
forward-looking statements.

                                       2
<PAGE>



PART I            FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS



                         PIRANHA, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2000
                               (UNAUDITED)

                                     ASSETS

CURRENT ASSETS
     Cash                                                  $            958,147
     U.S. Government securities                                       1,061,343
     Marketable securities                                              167,900
     Accounts receivable                                                943,015
     Prepaid expenses and deposits                                      285,281
                                                              ------------------
             TOTAL CURRENT ASSETS                                     3,415,686

PROPERTY AND EQUIPMENT, NET                                           1,843,453

GOODWILL                                                              1,750,000

INTANGIBLE AND OTHER ASSETS                                          11,555,638
                                                              ------------------
                                                           $         18,564,777
                                                              ==================



                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
     Accounts payable                                      $            848,316
     Dividends payable                                                  207,206
     Accrued liabilities                                              1,030,584
     Deferred income                                                    791,667
     Stockholder loans and other notes payable                          254,579
                                                              ------------------
             TOTAL CURRENT LIABILITIES                                3,132,352
                                                              ------------------
COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY:
     Preferred stock                                                    462,500
     Common stock, $.001 par  value, 100,000,000 shares authorized;
              9,478,881 shares issued and outstanding                     9,479
     Additional paid-in capital                                      39,324,828
     Stock subscription receivable                                      (44,500)
     Accumulated deficit                                            (24,319,882)
                                                              ------------------
             TOTAL STOCKHOLDERS' EQUITY                              15,432,425
                                                              ------------------
                                                           $         18,564,777
                                                              ==================



               See notes to the consolidated financial statements

                                       3

<PAGE>




                         PIRANHA, INC, AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>
<CAPTION>                                                                     THREE MONTHS ENDED           NINE MONTHS ENDED
                                                                                SEPTEMBER 30,                 SEPTEMBER 30,
                                                                         -------------------------   -------------------------------
                                                                             2000           1999          2000           1999
                                                                         ------------   ----------   -------------   -----------

  <S>                                                                  <C>            <C>           <C>            <C>


   REVENUES                                                              $    290,258   $             $    338,343   $
                                                                         ------------   ----------    ------------   ------------

   COSTS AND EXPENSES

     General and administrative                                             2,393,266                    6,184,636
     Depreciation                                                              40,848                       90,556
                                                                         ------------   -----------   ------------   -----------
        Total Costs and Expenses                                            2,434,114                    6,275,192
                                                                         ------------   -----------   ------------   -----------

   Loss before other expense                                               (2,143,856)                  (5,936,849)

     Loss on marketable securities, net                                      (203,752)                    (173,065)
     Interest expense                                                         (10,260)                     (31,840)
                                                                         ------------   -----------   ------------   -----------
   Loss from continuing operations                                         (2,357,868)                  (6,141,754)

   Loss from discontinued operations                                                0        (7,139)             0       (21,321)
                                                                         ------------   -----------   ------------   -----------

   Net loss                                                                (2,357,868)       (7,139)    (6,141,754)      (21,321)

   Preferred stock dividends                                                  (10,406)      (40,950)       (42,306)     (122,850)
                                                                         ------------   -----------   ------------   -----------

   Net loss applicable to common stock                                   $ (2,368,274)  $   (48,089)  $ (6,184,060)  $  (144,171)
                                                                          ============   ===========   ============   ===========



   Basic and Diluted Loss Per Common Share:

   Loss from continuing operations                                       $      (0.25)  $     (0.01)  $      (0.71)  $     (0.02)

   Loss from discontinued operations                                             0.00          0.00           0.00          0.00

   Net loss per common share
                                                                          ------------   -----------   ------------   -----------
         - basic and diluted                                             $      (0.25)  $     (0.01)  $      (0.71)  $     (0.02)
                                                                          ============   ===========   ============   ===========

   Weighted average common shares outstanding                                9,296,590     4,979,632      8,698,986     4,979,632
                                                                          ============   ===========   ============   ===========

</TABLE>


               See notes to the consolidated financial statements

                                       4
<PAGE>


                         PIRANHA, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
<TABLE>
<CAPTION>


                                                                                        NINE MONTHS ENDED SEPTEMBER 30,
                                                                                       ----------------------------------
                                                                                            2000               1999
                                                                                       ----------------   ---------------
<S>                                                                                <C>                <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                           $      (6,141,754) $        (21,321)
  Adjustments to reconcile net loss
   to net cash used in operations:
   Depreciation                                                                                 90,556
   Loss on sale of securities                                                                  173,065
   Loss from discontinued operations                                                                              21,321
  Changes in assets and liabilities:
     Increase in accounts receivable                                                          (943,015)
     Increase in prepaid expenses                                                             (271,886)
     Decrease in accounts payable and accrued liabilities                                     (463,874)
     Increase is deferred revenue                                                              791,667
                                                                                       ----------------   ---------------
NET CASH USED IN OPERATING ACTIVITIES                                                       (6,765,241)                0
                                                                                       ----------------   ---------------
CASH FLOWS USED IN INVESTING ACTIVITIES:
  Acquisition of property and equipment                                                     (1,885,766)
  Investment in marketable securities                                                         (378,215)
  Proceeds from  the sale of U.S. Government securities                                        267,415
                                                                                       ----------------   ---------------
      NET CASH FLOWS USED IN INVESTING ACTIVITIES                                           (1,996,566)                0
                                                                                       ----------------   ---------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Collection of stock subscription receivable                                                  800,000
  Acquisition of intangibles                                                                   (17,513)
  Payment of stockholder loans and other notes payable                                        (572,582)
  Proceeds from issuance of common stock                                                     9,176,170
                                                                                       ----------------   ---------------
      NET CASH FLOWS FROM FINANCING ACTIVITES                                                9,386,075                 0
                                                                                       ----------------   ---------------
NET INCREASE IN CASH                                                                           624,268                 0

CASH AT BEGINNING OF YEAR                                                                      333,879                 0
                                                                                       ----------------   ---------------
CASH AT END OF PERIOD                                                                $         958,147  $              0
                                                                                       ================   ===============



SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

  Cash paid during the period for interest                                           $           2,210  $              0
                                                                                       ================   ===============
  Cash paid during the period for income taxes                                       $               0  $              0
                                                                                       ================   ===============

NON-CASH FINANCING AND INVESTING ACTIVITIES:

  Issuance of common stock upon conversion of accounts payable                       $         171,405   $             0
                                                                                       ================   ===============
  Issuance of common stock for acquisitions                                          $       1,750,000   $             0
                                                                                       ================   ===============
  Issuance of common stock upon conversion of preferred stock                        $       2,037,750   $             0
                                                                                       ================   ===============

</TABLE>


               See notes to the consolidated financial statements

                                       5
<PAGE>





                         PIRANHA, INC. AND SUBSIDIARIES

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2000

                                   (UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION:

The accompanying  unaudited financial  statements reflect all adjustments which,
in the opinion of management, are necessary for a fair presentation of financial
position and the results of operations for the interim  periods  presented.  The
results of operations for any interim periods are not necessarily  indicative of
the results attainable for a full fiscal year.

These  statements  have been prepared by the Company and are unaudited.  Certain
information and footnote  disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting  principals have been
omitted. As such, these financial  statements should be read in conjunction with
the audited  financial  statements  and notes thereto  included in the Company's
Annual Report on Form 10-KSB for the year ended December 31, 1999.

NOTE 2 - LITIGATION

In July  1994,  the  Company  discharged  four  officers  of its  Dream  Factory
subsidiary.  The  officers who were  discharged  commenced  actions  against the
Company seeking damages arising out of the alleged wrongful termination of their
employment.  The Company subsequently settled the claims of two of the officers.
The Company has from time to time been engaged in settlement  negotiations  with
the two remaining  officers,  a husband and wife, and has accrued a provision of
$700,000 in its consolidated  financial statements.  No settlement  negotiations
are currently  taking place and the Company is preparing to go to trial in early
2001. These remaining cases are pending in Connecticut state court.

The  Company  was a  defendant  in the case of  Benjamin  B.  LeCompte,  III,  a
stockholder, v. Classics International Entertainment, Inc., in the United States
District Court for the Northern  District of Illinois,  Eastern  Division.  This
case  involved a claim by LeCompte  that the Company owed him 573,066  shares of
Common Stock  pursuant to an alleged  conversion of a promissory  note into said
shares. The note, in the principal amount of $200,000,  and the accrued interest
thereon, are included in the accompanying  consolidated financial statements. On
April 3, 2000,  this case was dismissed for lack of  jurisdiction.  On April 12,
2000,  LeCompte filed an action against the Company in the Circuit Court of Cook
County,  Illinois,  asserting substantially the same claims as in the case which
was dismissed.  That action was dismissed on October 18, 2000.  Subsequently  an
amended  complaint was filed. The Company believes this action is without merit,
and intends to vigorously defend itself in this matter.

The Company is subject to various  federal,  state and local laws  affecting its
business,  and believes that it is in material  compliance  with all  applicable
laws and regulations.

                                       6
<PAGE>



NOTE 3 - PREFERRED STOCK

At September 30, 2000 Preferred Stock consisted of 5,000,000  authorized  shares
of which the following were issued and outstanding:


                                                                   Common Shares
 Preferred Stock                                         Amount      Issuable on
                                                                     Conversion
------------------------------------------------------ ------------ -----------
Series  A, 9%  cumulative,  convertible,  redeemable;
10,000 shares issued and outstanding                    $ 50,000           2,866
------------------------------------------------------ ------------ ------------
Series  B, 9%  cumulative,  convertible,  redeemable;
412,500 shares issued and outstanding                    412,500         165,445
------------------------------------------------------ ------------ ------------
            TOTAL                                   $    462,500         168,311
                                                         =======         =======

NOTE 4 - CHANGES IN COMMON STOCK

During the period  covered by this Report an aggregate  of  2,783,426  shares of
Company  Common  Stock were  offered  and sold  without  registration  under the
Securities Act of 1933, as amended ("Act"), as not involving any public offering
in reliance upon the exemption  from  registration  contained in Section 4(2) of
the Act.

On January 21, 2000,  an aggregate of 57,307  shares of Common Stock were issued
on  conversion  of  200,000  shares  of the  Company's  Series A 9%  Convertible
Cumulative Redeemable Preferred Stock.

On February 24, 2000,  89,892 shares of Common  Stock,  the fair market value of
which was one million dollars  ($1,000,000),  were issued in exchange for all of
the capital stock of Rogue River Software,  Inc.,  formerly Grand Rapids Science
Group, Inc.

On March 24, 2000, 55,556 shares of Common Stock, the fair market value of which
was seven hundred fifty thousand dollars ($750,000), were issued in exchange for
all of the capital stock of On-Line Marketing, Inc.

During March 2000, an aggregate of 851,421 shares of Common Stock were issued on
exercise of the Company's outstanding Class A and Class B warrants.

On March 31, 2000, an aggregate of 836,000 shares of Common Stock were issued to
various  parties  pursuant  to the receipt of five  million  two hundred  eighty
thousand dollars ($5,280,000) in cash during the quarter.

On March 13, 2000 an aggregate  of 2,866 shares of Common Stock were  authorized
for  issuance  on  conversion  of  10,000  shares of the  Company's  Series A 9%
Convertible Cumulative Redeemable Preferred Stock.

On March 15, 2000 an aggregate of 10,000 shares of Common Stock were  authorized
for   issuance  to  Piranha   Propellers   in  exchange   for  the  domain  name
"piranha.com."

On March 15, 2000 an aggregate of 10,500 shares of Common Stock were  authorized
for issuance to two individuals for services previously rendered.

In May 2000 an  aggregate  of 133,333  shares of Common Stock were issued to The
Interpublic Group of Companies, Inc.

On or about June 15, 2000 an  aggregate  of 324,224  shares of Common Stock were
issued to an individual  on conversion of $500,000 of the Company's  Series C 4%
Convertible Cumulative Redeemable Preferred Stock.

On June 19, 2000 an  aggregate  of 19,500  shares of Common Stock were issued to
four  persons or entities in exchange  for the  cancellation  of amounts due for
services.

                                       7
<PAGE>

In August,  2000 an  aggregate  of 20,000  shares of Common Stock were issued in
exchange for $100,000 cash which was received by the Company in May, 2000.

In August,  2000 an aggregate  of 372,827  shares of Common Stock were issued to
various parties in exchange for $2,796,170 cash.

NOTE 5 - SUBSEQUENT EVENTS

In October,  2000,  the Company  acquired  all of the capital  stock of Comsight
Imaging,  Inc. in exchange for 47,733 shares of the Company's  common stock, the
fair market  value of which was  $319,498  and three  hundred  thousand  dollars
($300,000)  in cash,  of which  $150,000  had been  paid as a  deposit  prior to
September 30, 2000. Of the 47,733 shares,  37,733 shares were issued at the time
of this  report,  and 10,000  shares were  authorized  for  issuance on or about
January 2, 2001.

In connection with the Comsight Imaging, Inc. acquisition, the Company committed
to grant a principal of Comsight  performance based stock options to purchase up
to  40,000  shares  of  Common  Stock at a price of $7.50  per  share as well as
incentive  based stock  options to purchase  50,000  shares of common stock at a
price of $5.00 per share,  each of which is dependent upon the Company achieving
certain sales volumes.

In October,  2000 the Company issued  1,500,000 shares of Common Stock to Edward
W. Sample, the Company's Chairman and CEO, and 150,000 shares of Common Stock to
two other employees, pursuant to the exercise of non-qualified stock options.

In  November,  2000 the  Company  acquired  all of the  assets of JJT,  Inc.  in
exchange for 50,000 shares of the Company's  Common Stock, the fair market value
of which was $300,000,  and the  assumption of JJT's bank debt.  The Company has
agreed to repay the bank debt by the issuance of 75,862  shares of Common Stock,
the fair market value of which was $455,172 on the date of the  agreement.  Such
shares have been authorized for issuance, but have not yet been issued.

                                       8
<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Piranha  has become a  technology-based  company  with a line of  digital  asset
management  products  being  developed  for  sale  and/or  licensing.  The  data
compression  software  products  under the Piranha brand are designed to improve
Internet  speed and to provide  image  clarity at  compression  rates  which the
Company believes are higher than those presently available in the marketplace on
a variety of  platforms.  These  compression  products  are directed to Internet
applications such as full motion streaming video, lossless image and text string
compression and highly compressed, high-resolution static images.


The  Company  anticipates  that if it meets its  projected  product  sales which
commenced the week of June 19, 2000 and receives funds through additional raises
of debt and/or equity,  the Company will have  sufficient  resources to meet its
working  capital  and  capital  expenditure  needs for the next  twelve  months.
However,  there can be no  assurance  that the Company will achieve its expected
product sales or receive funds from  additional  debt and/or equity  commitments
and would  therefore be unable to meet its near term working capital and capital
expenditure  needs.  The Company may also need to raise  additional funds in the
future  in  order  to fund  more  aggressive  brand  promotion  and  more  rapid
expansion,  to develop  new or  enhanced  products,  to  respond to  competitive
pressures or to acquire complementary businesses or technologies.  If additional
funds are raised through the issuance of equity or convertible  debt securities,
the  percentage  ownership of the  stockholders  of the Company will be reduced,
stockholders  may  experience  dilution  and such  securities  may have  rights,
preferences or privileges  senior to those of the rights of the Company's Common
Stock. There can be no assurance that additional  financing will be available on
terms  favorable to the Company,  or at all. If adequate funds are not available
or not  available on acceptable  terms,  the Company may not be able to fund its
expansion,  promote its brand names as the Company  desires,  take  advantage of
unanticipated acquisition opportunities,  develop or enhance products or respond
to  competitive  pressures.  Any such  inability  could have a material  adverse
effect on the Company's business, results of operations and financial condition.

The Company is  continuously  involved in the  development  of new  products and
related   technology.   The   Company's   products   are   designed  to  support
business-to-business, e-commerce and Internet related activities associated with
advanced business-to-consumer on-line shopping applications.  Products currently
under  development are expected to provide a methodology to support the emerging
e-commerce  market demand for solutions to the traditional  bottlenecks and time
delays  associated  with the  e-commerce  shopping  experience  that the Company
believes are superior to those presently  available.  The Company  believes that
its  Piranha  Stream  technology  will  provide  the first real  video-on-demand
solution for the Internet.

The Company may experience rapid growth,  which would place a significant strain
on the Company's managerial, financial and operational resources. The Company is
required to manage multiple  relationships with numerous outside parties.  These
requirements  will be  exacerbated in the event of further growth of the Company
or in the number of third  party  relationships,  and there can be no  assurance
that the Company's  systems,  procedures or controls will be adequate to support
the Company's  operations or that Company  management will be able to manage any
growth effectively. To effectively manage its potential growth, the Company must
continue to implement  and improve its  operational,  financial  and  management
information  systems  and to expand,  train and manage its  employee  base.  The
Company anticipates that the number of its employees will increase significantly
in the next twelve months.

To date, the Company has not incurred any significant  problems  associated with
the inability of software  applications  and  operational  programs not properly
recognizing  calendar  dates  in  the  year  2000  in  the  following  areas:(1)
accounting and reporting  systems,  (2) office automation and contact management
software,  (3) systems of third party  vendors  incorporated  into the Company's
developmental products, and (4) the Company's developmental products.

                                       9
<PAGE>



PART II  OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

In July  1994,  the  Company  discharged  four  officers  of its  Dream  Factory
subsidiary.  The  officers who were  discharged  commenced  actions  against the
Company seeking damages arising out of the alleged wrongful termination of their
employment.  The Company subsequently settled the claims of two of the officers.
The Company has from time to time been engaged in settlement  negotiations  with
the two remaining  officers,  a husband and wife, and has accrued a provision of
$700,000 in its consolidated  financial statements.  No settlement  negotiations
are currently  taking place and the Company is preparing to go to trial in early
2001. These remaining cases are pending in Connecticut state court.

The  Company  was a  defendant  in the case of  Benjamin  B.  LeCompte,  III,  a
stockholder, v. Classics International Entertainment, Inc., in the United States
District Court for the Northern  District of Illinois,  Eastern  Division.  This
case  involved a claim by LeCompte  that the Company owed him 573,066  shares of
Common Stock  pursuant to an alleged  conversion of a promissory  note into said
shares. The note, in the principal amount of $200,000,  and the accrued interest
thereon, are included in the accompanying  consolidated financial statements. On
April 3, 2000,  this case was dismissed for lack of  jurisdiction.  On April 12,
2000,  LeCompte filed an action against the Company in the Circuit Court of Cook
County,  Illinois,  asserting substantially the same claims as in the case which
was dismissed.  That action was dismissed on October 18, 2000.  Subsequently  an
amended  complaint was filed. The Company believes this action is without merit,
and intends to vigorously defend itself in this matter.

The Company is subject to various  federal,  state and local laws  affecting its
business,  and believes that it is in material  compliance  with all  applicable
laws and regulations.

ITEM 2.  CHANGES IN SECURITIES

During  the period  covered by this  Report an  aggregate  of 392,827  shares of
Company  Common  Stock were  offered  and sold  without  registration  under the
Securities Act of 1933, as amended ("Act"), as not involving any public offering
in reliance upon the exemption  from  registration  contained in Section 4(2) of
the Act.

In August,  2000 an  aggregate  of 20,000  shares of Common Stock were issued in
exchange for $100,000 cash received by the Company in May, 2000.

In August,  2000 an aggregate  of 372,827  shares of Common Stock were issued to
various  parties in  exchange  for  $2,796,170  cash  received by the Company in
August, 2000.

ITEM 3   .        DEFAULTS UPON SENIOR SECURITIES

Not applicable.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On August 18,  2000 the Annual  Meeting  of  Stockholders  was held at which the
following resolutions were adopted:

o    Directors of the Company for the ensuing year: Edward W. Sample, Richard S.
     Berger,  Michael Steele, Joseph H. Sherrill,  Jr., Arthur R. Tauder, and W.
     Barger Tygart.

o    Independent  public  accountants  for the year ending  December  31,  2000:
     Feldman Sherb & Co., P.C.


                                       10

<PAGE>



ITEM 5.  OTHER INFORMATION

Not Applicable.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits:

The exhibits designated with an asterisk (*) have previously been filed with the
Commission and are incorporated by reference.

EXHIBIT NO.       DESCRIPTION

27                Financial Data Schedule

(b) Reports on Form 8-K:

During  October 2000, a Form 8-K was filed  reporting  that Edward W. Sample had
purchased  13,000 shares of the Company's Common Stock on the open market for an
aggregate consideration of $88,281.25.

                                       11
<PAGE>



SIGNATURES

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

                                  PIRANHA, INC.


SIGNATURE                                   TITLE

/S/ EDWARD W. SAMPLE        Chairman of the Board and Chief Executive Officer
--------------------        (Principal Executive Officer)
Edward W. Sample


/S/ RICHARD S. BERGER       Chief Financial Officer, Secretary and Director
---------------------       (Principal Financial and Accounting Officer)
Richard S. Berger


/S/ MICHAEL STEELE          Director
--------------------
Michael Steele


/S/ JOSEPH H. SHERRILL, JR. Director
-------------------
Joseph H. Sherrill, Jr.


/S/ARTHUR R. TAUDER         Director
-------------------
Arthur R. Tauder


/S/ W. BARGER TYGART        Director
--------------------
W. Barger Tygart

Dated: November 14, 2000