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

                                   FORM l0-QSB

     [X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 30, 2000
                                       OR
     [ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

           For the Transition Period From_____________ to_____________

                         Commission File Number 0- 18974

                         Jordan American Holdings, Inc.
                          -----------------------------
             (Exact name of registrant as specified in its charter)

             Florida                                            65-0142815
             -------                                            ----------
  (State or other jurisdiction                               (I.R.S. Employer
of incorporation or organization)                         Identification Number)

            2155 Resort Drive, Suite 108, Steamboat Springs, CO 80487
            ---------------------------------------------------------
                    (Address of principal executive offices)
                                 (970) 879-1189
                                 --------------

Indicate by check mark whether the registrant (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  registrant  was
required to file such reports),  and (2) has been subject to filing requirements
for the past 90 days. Yes [X]  No [ ]

As of June 30, 2000,  10,421,266  shares of the  registrant's  common stock were
issued and outstanding.

<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES

                                TABLE OF CONTENTS
PART I

ITEM 1    FINANCIAL INFORMATION                                             PAGE

          Consolidated Balance Sheets.......................................   3

          Consolidated Statements of Operations.............................   4

          Consolidated Statements of Cash Flows.............................   5

          Notes to Consolidated Financial Statements........................   6

ITEM 2    MANAGEMENT'S DISCUSSION AND ANALYSIS

          Results of Operation..............................................  10

          Liquidity and Capital Resources...................................  12

          Risk Factors, Trends & Uncertainties..............................  12

                                       2
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                              JUNE 30,       DECEMBER 31,
A S S E T S                                                     2000             1999
                                                            ------------     ------------
CURRENT ASSETS
<S>                                                         <C>              <C>
  Cash & cash equivalents                                   $  1,304,971     $    580,758
  Marketable securities                                          697,676          607,882
  Investment advisory fee receivable - net                       271,934          846,907
  Deposit with clearing broker                                    25,000           25,000
  Notes receivable - officer                                      58,428           26,556
  Prepaid expenses                                                54,994           50,678
  Other receivable                                                83,569          108,625
                                                            ------------     ------------
       Total current assets                                    2,496,572        2,246,406
                                                            ------------     ------------
FIXED ASSETS
   Property and equipment, at cost, net of
       accumulated depreciation and amortization
       of $149,682 and $133,005 respectively                      72,876           88,228
                                                            ------------     ------------
OTHER ASSETS
  Notes receivable                                               650,000          500,000
  Strategic Options Limited Partnership                               --           27,058
                                                            ------------     ------------
       Total other assets                                        650,000          527,058
                                                            ------------     ------------

TOTAL ASSETS                                                $  3,219,448     $  2,861,692
                                                            ============     ============
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
  Accounts payable and accrued expenses                     $    199,353     $    329,265
  Deferred revenue                                                38,576           35,300
  Software license payable                                        44,252           58,721
                                                            ------------     ------------
       Total current liabilities                                 282,181          423,286
                                                            ------------     ------------
STOCKHOLDERS' EQUITY
  8% cumulative, convertible, non-voting preferred stock
    $0.01 par value, $1.00 liquidation value; authorized
    5,000,000 shares 3,000,000 shares issued and
    outstanding                                                   30,000           30,000
  Common Stock, $0.001 par value; authorized 20,000,000
    shares; 10,421,266 shares issued and outstanding at
    June 30, 2000 and December 31, 1999                           10,421           10,421
  Additional paid in capital                                   4,502,853        4,502,853
  Accumulated deficit                                         (1,606,007)      (2,104,868)
                                                            ------------     ------------
       Total stockholders' equity                              2,937,267        2,438,406
                                                            ------------     ------------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                    $  3,219,448     $  2,861,692
                                                            ============     ============
</TABLE>

           See accompanying notes to consolidated financial statements

                                       3
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                    FOR THE                           FOR THE
                                                              THREE MONTHS ENDED                 SIX MONTHS ENDED
                                                                    JUNE 30,                          JUNE 30,
                                                         -----------------------------     -----------------------------
                                                             2000             1999             2000             1999
                                                         ------------     ------------     ------------     ------------
REVENUES
<S>                                                      <C>              <C>              <C>              <C>
  Commission income                                      $     10,767     $     48,054     $    141,245     $    176,491
  Investment advisory fees                                    500,966          232,743        1,629,095          503,376
  Realized equity gain (loss) from investing
    and trading                                                (5,322)              --           (5,322)           2,332
                                                         ------------     ------------     ------------     ------------
       Total Revenues                                         506,411          280,797        1,765,018          682,199

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES                  424,755          356,696        1,080,519          695,821
                                                         ------------     ------------     ------------     ------------

       Operating income (loss)                                 81,656          (75,899)         684,499          (13,622)
                                                         ------------     ------------     ------------     ------------
OTHER INCOME (EXPENSES):
  Interest and dividend income                                 38,067           20,808           70,432           50,867
  Other income                                                  4,404            4,494            8,998           34,816
  Unrealized equity gain (loss) from investing
    and trading                                              (476,292)          15,207         (251,102)          34,755
                                                         ------------     ------------     ------------     ------------
      Total Other Income(Expense), Net                       (433,821)          40,509         (171,672)         120,438
                                                         ------------     ------------     ------------     ------------

 NET INCOME (LOSS) BEFORE INCOME TAXES                       (352,165)         (35,390)         512,827          106,816

Provision for income taxes                                     13,968               --           13,968               --
                                                         ------------     ------------     ------------     ------------

NET INCOME (LOSS)                                        $   (366,133)    $    (35,390)    $    498,859     $    106,816
                                                         ============     ============     ============     ============
Basic earnings attributable to common stock
  per common share                                       $      (0.04)    $      (0.01)    $       0.04     $       0.00
                                                         ============     ============     ============     ============
Diluted earnings attributable to common stock
  per common share                                       $      (0.04)    $      (0.01)    $       0.04     $       0.00
                                                         ============     ============     ============     ============
Weighted-average number of common shares outstanding:
     Basic                                                 10,421,266       10,421,266       10,421,266       10,421,266
                                                         ============     ============     ============     ============
     Diluted                                               10,421,266       10,421,266       10,421,266       10,421,266
                                                         ============     ============     ============     ============
</TABLE>

           See accompanying notes to consolidated financial statements

                                       4
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                           FOR THE SIX MONTHS ENDED JUNE 30,
                                                                2000             1999
                                                            ------------     ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                         <C>              <C>
Net income                                                  $    498,859     $    106,816

Adjustments to reconcile net income to net cash
  provided by operating activities:
     Depreciation                                                 16,677           11,678
     Unrealized (gain) loss from investing and trading           251,102          (34,756)
     Realized (gain) loss from investing and trading               5,322           (2,332)
     Changes in operating assets and liabilities:
          Investment advisory fee receivable - net               574,973          (20,524)
          Marketable securities                                 (319,161)              --
          Prepaid expenses                                        (4,315)         (61,089)
          Other receivable                                        25,057           (4,548)
          Notes receivable - officers                            (31,872)            (675)
          Accounts payable and accrued expenses                 (129,911)           2,333
          Deferred revenue                                         3,276           (8,222)
          Software license payable                               (14,469)          56,688
                                                            ------------     ------------

               Net cash provided by operating activities         875,538           45,369
                                                            ------------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in corporate stock - restricted                            --          (56,250)
Investment in Senior Yellow Pages, Inc.                         (150,000)              --
Sale of IMPACT Management Growth Portfolio                            --           57,092
Capital expenditures                                              (1,325)         (67,017)
                                                            ------------     ------------

               Net cash used in investing activities            (151,325)         (66,175)
                                                            ------------     ------------

               Net increase in cash and cash equivalents         724,213          (20,806)

Cash and cash equivalents, beginning of period                   580,758          495,622
                                                            ------------     ------------

CASH AND CASH EQUIVALENTS, END OF PERIOD                    $  1,304,971     $    474,816
                                                            ============     ============

Supplemental disclosure of cash flow information:
     Interest paid                                          $      2,097     $      2,337
                                                            ============     ============
</TABLE>

           See accompanying notes to consolidated financial statements

                                       5
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION

Organization
------------

Jordan American Holdings, Inc. (JAHI/the Company) was incorporated in Florida in
May 1989.  The  Company  also  does  business  under  the name of Equity  Assets
Management  (EAM).  The  Company  provides  investment  advisory  and  portfolio
management services to individual investors, pooled accounts and its mutual fund
with  its  customers  located  substantially  in  the  United  States.  JAHI  is
registered as an investment advisor under the Investment Advisor Act of 1940.

The  Company  owns 100% of the issued  and  outstanding  common  stock of IMPACT
Financial Network, Inc. (IFNI) and IMPACT Administrative  Services, Inc. (IASI).
IASI  provides  operational  and  administrative  support  to Impact  Management
Investment  Trust (see Note 2).  JAHI's  customer  investment  transactions  are
primarily brokered through IFNI, a registered broker-dealer in securities acting
as a non-clearing introducing broker.

The accompanying  consolidated financial statements include the accounts of JAHI
and its  subsidiaries;  all  significant  intercompany  transactions  have  been
eliminated during consolidation.

NOTE 2 - IMPACT MANAGEMENT INVESTMENT TRUST

The Company  formed Impact  Management  Investment  Trust (the Trust),  which is
registered under the Investment  Company Act of 1940 as a diversified,  open-end
management  investment  company  (mutual  fund).  Impact Total Return  Portfolio
(formerly  Impact  Management  Growth  Portfolio) (the Portfolio) is the initial
Series of the Trust. JAHI is the investment advisor of the Trust and IFNI is the
primary distributor of the TRUST.

As  investment  advisor  of  the  Portfolio,  the  Company  receives  an  annual
investment  advisory  fee equal to 1.25% of the  Portfolio's  average  daily net
assets.  Of this  amount,  60 basis  points  is paid to the sub  advisor  of the
Portfolio.

NOTE 3 - NOTES RECEIVABLE

The Company owns a $500,000  variable rate  convertible  subordinated  debenture
from Boston  Restaurant  Associates,  Inc. (BRAI).  The principal balance of the
debenture  is due  and  payable  on  December  31,  2011.  The  debenture  has a
conversion price of $1.25 per share and bears interest at a rate of 14% for 2000
and thereafter.

In connection with the purchase of the debenture,  the Company also acquired, at
no cost,  warrants to subscribe  for the purchase  from BRAI up to 500,000 fully
paid and  nonassessable  shares of BRAI's  common  stock.  The  purchase  rights
represented by the warrants are exercisable by the

                                       6
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 3 - NOTES RECEIVABLE (CONTINUED)

Company,  in whole or in part,  at any time through  December  31,  2006,  at an
exercise price of $3.00 per share.

The carrying value of the above notes  receivable  approximates  the fair market
value as  estimated by  management,  after  considering  such factors as current
interest rates,  liquidity,  conversion  terms and the credit  worthiness of the
borrowers. The Company's management has estimated the value of the BRAI warrants
to be $-0- at June 30, 2000 and 1999. This  determination  was made  considering
primarily  the  current  value of the  underlying  common  stock and the current
illiquidity of the warrants.

The Company provided "angel" financing through a convertible subordinated bridge
note to Senior Yellow Pages,  Inc. and its affiliates  (SYP),  an internet based
eldercare infomediary. The principal balance of the note is due and payable upon
the  earlier  of (1) the  receipt by SYP or any  affiliate  of  aggregate  gross
proceeds  of at  least  $1,000,000  raised  in an  offering  (the  "First  Round
Financing") of SYP's Series A Convertible  Preferred  Stock or (2) redemption in
cash on or prior to January 30, 2001.

As an inducement to the Company providing bridge financing to SYP, SYP agreed to
issue to the  Company a 4% equity  interest  in SYP,  on a fully  diluted  basis
through future rounds of private financing.

The note bears interest at a rate of 10% per annum.

NOTE 4 - STOCKHOLDERS' EQUITY

At June  30,  2000 and  December  31,  1999,  the  Company  had  stock  warrants
outstanding  entitling the warrant holder to acquire  1,113,000 shares of common
stock with a current exercise price of $0.50 per share and a current  expiration
date of June 5, 2010.  The Company  also has  outstanding  Underwriter  Warrants
related to the initial public  offering  entitling the holder to purchase 44,545
units (five shares of common stock and five stock warrants; two warrants entitle
the  holder to  purchase  one share of common  stock for $0.60 per share) of the
Company at a price of $2.58 per unit  expiring at dates  ranging from  September
27, 2010 to January 8, 2011.

JAHI has authorized  5,000,000  shares of $0.01 par value preferred  stock.  The
Board of Directors is authorized to issue preferred stock in one or more series,
to determine the rights  thereto,  and to fix the number of shares on any series
of preferred stock and the designation of any such series.

The Company issued  3,000,000 shares of 8% cumulative,  convertible,  non-voting
preferred  stock  to a  customer  of EAM in a  private  placement  offering.  In
connection with this offering, 750,000

                                       7
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 4 - STOCKHOLDERS' EQUITY (CONTINUED)

shares of common stock were given to the Company to  distribute to the preferred
shareholder by three officers of the Company for no additional consideration.

The preferred  stock is convertible at the rate of one share of common stock for
each $3.50 in face amount ($1.00) of the preferred  stock  converted.  If at any
time the  closing  bid  price of the  common  stock  for the  period  of  thirty
consecutive  trading  days exceeds  $5.25 per share,  then,  in such event,  the
Company may, upon 30 days written  notice,  automatically  convert the preferred
stock  to  common  stock  at the rate of  $3.50  in face  amount  of the  shares
converted.  The preferred stock has a liquidation  preference of $1.00 per share
plus accrued and unpaid dividends. Semi-annual dividends in arrears on preferred
stock at June 30, 2000 amounted to $480,000.

In connection with the preferred stock offering,  the Company obtained "key man"
life  insurance on the Company's  president,  in the amount of  $3,750,000.  The
holder of the preferred stock is the direct  beneficiary and will be redeemed at
the rate of $1.25 per share, in exchange for such shares.

NOTE 5 - RELATED PARTY TRANSACTIONS

The Company has a loan to an officer bearing interest at a rate of 10% per annum
in the amount of $58,428  and $26,556 at June 30, 2000 and  December  31,  1999,
respectively.

In 1994, the Company's  president  established  the Jordan Index Fund, L.P. (the
"Fund").  The Fund  engages in the  speculative  trading of stock index  futures
contracts,  and may occasionally  trade in equity  securities and stock options.
The Fund is  administered  by its general  partner,  Jordan Assets,  Ltd. Jordan
Assets,  Ltd. is not a subsidiary  of JAHI,  although  JAHI is  registered  as a
principal of Jordan Assets,  Ltd. with the Commodity Futures Trading Commission.
All  trading  decisions  for the Fund are made by Jordan  Assets,  Ltd.  Certain
administrative functions are provided to the Fund by JAHI in return for the fees
earned by Jordan  Assets,  Ltd.  No such fees were  earned  during the first and
second quarters of 2000 and 1999.

NOTE 6 -  FINANCIAL  INSTRUMENTS,  OFF-BALANCE  SHEET  RISK,  UNCERTAINTIES  AND
          CONTINGENCIES

In the normal course of business,  the Company's client  activities  through its
clearing  broker  involve the  execution,  settlement,  and financing of various
client  securities  transactions.  These  activities  may expose the  Company to
off-balance   sheet  risk.  In  the  event  the  client  fails  to  satisfy  its
obligations,  the  Company  may  be  required  to  purchase  or  sell  financial
instruments  at  prevailing  market  prices  in order to  fulfill  the  client's
obligations.

                                       8
<PAGE>

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (CONTINUED)

NOTE 6 -  FINANCIAL  INSTRUMENTS,  OFF-BALANCE  SHEET  RISK,  UNCERTAINTIES  AND
          CONTINGENCIES (CONTINUED)

In the Company's investment activities, the Company purchases securities for its
own account and may incur losses if the market value of the  securities  decline
subsequent to June 30, 2000.

The  Company's  revenues are  primarily  derived from a percentage of the assets
under management and performance fees based on the appreciation of those assets.
Assets  under  management  are  impacted by both the extent to which the Company
attracts new, or loses existing, clients and the appreciation or depreciation of
the U.S.  and  international  equity and fixed  income  markets.  A downturn  in
general economic  condition could cause investors to cease using the services of
the Company.

The Company's  financial  instruments,  including cash receivables and deposits,
are carried at amounts which  approximate fair value.  The Company's  marketable
securities  are carried at the June 30, 2000 market  value.  Payables  and other
liabilities are carried at amounts which approximate fair value.

The Company has a  substantial  portion of its assets on deposit  with banks and
brokers.  Assets deposited with banks and brokers are subject to credit risk. In
the event of a bank's or  broker's  insolvency,  recovery  of Company  assets on
deposit may be limited to account  insurance or other  protection  afforded such
deposits.

In  connection  with a late 1997  examination  of the  Company,  the SEC  raised
certain issues regarding  possible  violations of the federal securities laws in
connection  with the  private  placement  of  debentures  of  Boston  Restaurant
Associates,   Inc.  The  Company  and  the  SEC  are   currently  in  settlement
negotiations  regarding  this matter.  Management of the Company does not expect
the  resolution  of this  matter to have any  material  effect on the  Company's
financial condition, results of operations or business.

These interim  period  consolidated  financial  statements,  including the notes
thereto,  are condensed and do not include all disclosures required by generally
accepted  accounting  principles.  Such interim  period  consolidated  financial
statements should be read in conjunction with the Company's audited consolidated
financial  statements that are included in the Company's 1999 Form 10-KSB, which
is  contained  in the  Company's  1999  Annual  Report  to  shareholders  and is
available  without charge upon request to JAHI Investor  Relations,  2155 Resort
Drive, Suite 108, Steamboat Springs, Colorado, 80487, (970) 879-1189; Fax: (970)
879-1272; E-mail: info@jahi.com

                                       9
<PAGE>

                                 PART 1, ITEM 2
                      MANAGEMENT'S DISCUSSION AND ANALYSIS

                         JORDAN AMERICAN HOLDINGS, INC.
                                AND SUBSIDIARIES

Safe Harbor for Forward-Looking Statements

Information found in this report contains forward-looking implications which may
differ  materially from actual results due to the success,  or lack thereof,  of
JAHI's  management  decisions,  marketing  and sales  effectiveness,  investment
decisions,   and  the  management  of  clients'  stock   portfolios  and  pooled
investments as influenced by market  conditions,  Federal  Reserve Board policy,
economic trends,  political developments,  domestic and international events and
other factors.  There can be no guarantee that any forward-looking  implications
discussed  and/or  referenced  in this report will have any impact,  positive or
negative, upon the earnings, value and/or operations of the Company.

Results of Operations

JAHI's assets under management were $55.1 million as of June 30, 2000,  compared
to $77.2  million  under  management  on March 31, 2000.  The net $22.1  million
change in assets under  management  during the quarter  resulted from investment
losses of $21.6 million and negative cash flow of $0.5 million.

                        THREE MONTHS ENDED JUNE 30, 2000
                                   COMPARED TO
                        THREE MONTHS ENDED JUNE 30, 1999

The  Company  had a net loss for the  three  months  ended  June  30,  2000,  of
($366,133)  or ($0.04) per common  share  compared to a net loss of ($35,390) or
($0.01) per common share for the same period in 1999. Basic and diluted earnings
per common  share for the three  months  ended June 30,  2000 and 1999  includes
dividends in arrears on the Company's outstanding preferred stock of $60,000 for
each period.

The  increase in net loss for this period  compared to the same period last year
stems primarily from a substantial  increase in unrealized  equity losses during
this period.  These losses stem primarily from significant changes in the market
value of two equity  securities held within the Company's  portfolio during this
period.

The Company had operating  income of $81,656 for the three months ended June 30,
2000  compared to an operating  loss of  ($75,899)  for the same period in 1999.
This  increase is primarily  due to total  revenue  being  significantly  higher
during this period when compared to the same quarter last year.

For the three months ended June 30, 2000,  revenues totaled $506,411 compared to
revenues of $280,797 for the same period in 1999,  an increase of  approximately
81% due primarily to significantly  increased revenues from investment  advisory
fees.

                                       10
<PAGE>

Advisory fee revenue  increased  for the three  months  ended June 30, 2000,  to
$500,966  compared  to  $232,743  for the same  period in 1999,  an  increase of
approximately  116% due  primarily to increased  revenues from  performance  fee
based managed accounts.

Commission income decreased for the three months ended June 30, 2000, to $10,767
compared to $48,054 for the same period in 1999, a decrease of approximately 78%
due  primarily to fewer  securities  transactions  resulting  from the amount of
securities  being  purchased  and  sold in  client  accounts.  These  securities
transactions are incidental to management's  investment advisory decisions based
on technical and fundamental  considerations  of individual  securities,  market
conditions and other factors.

Selling, general, and administrative ("SG&A") expenses of $424,755 were incurred
during the three month  period  ended June 30,  2000,  compared to similar  SG&A
expenses of $356,696 for the same period in 1999. This increase of approximately
19% was due primarily to higher selling  expenses  during this period  resulting
from higher fees paid out to sales representatives.

Total other income (expenses) was ($433,821) for the three months ended June 30,
2000, compared to $40,509 for the same period in 1999. This change was primarily
due to significantly  higher  unrealized  equity losses in the second quarter of
2000.

                         SIX MONTHS ENDED JUNE 30, 2000
                                   COMPARED TO
                         SIX MONTHS ENDED JUNE 30, 1999

The Company had net income for the six months ended June 30,  2000,  of $498,859
or $0.04 per common share compared to net income of $106,816 or $0.00 per common
share for the same period in 1999.  Basic and diluted  earnings per common share
for the six months ended June 30, 2000 and June 30, 1999  includes  dividends in
arrears of $120,000 for each period. Total dividends in arrears on the Company's
outstanding  preferred  stock  as of  June  30,  2000  were  $480,000  including
dividends in arrears of $360,000 as of December 31, 1999. There are currently no
projected annual payments for 2000.

The net income for this  period  compared  to the net income for the same period
last year stems  primarily  from  higher  revenues  from  performance  fee based
managed accounts.

The Company had  operating  income of $684,499 for the six months ended June 30,
2000  compared to an operating  loss of  ($13,622)  for the same period in 1999.
This  increase is primarily  due to total  revenue  being  significantly  higher
during this period when compared to the same period last year.

For the six months ended June 30, 2000,  revenues totaled $1,765,018 compared to
revenues of $682,199 for the same period in 1999,  an increase of  approximately
159%.  The  increase in revenue can be  primarily  attributed  to an increase in
advisory fees.

Revenues  from  advisory  fees for the six months  ended June 30,  2000  totaled
$1,629,095  compared to revenues  from the same source of $503,376  for the same
period in 1999,  an increase of  approximately  224% due  primarily to increased
revenues from performance fee based managed accounts.

                                       11
<PAGE>

Revenues from commissions  decreased  approximately 20% for the six months ended
June 30, 2000 compared to the same period in 1998  primarily due to less trading
activity.

SG&A  expenses  totaled  $1,080,519  during the six months  ended June 30,  2000
compared to $695,821 in selling,  general and  administrative  expenses  for the
same period in 1999.  The net $384,698  increase in SG&A expenses primarily from
higher fees paid out to sales representatives during this period.

Total other income  (expenses)  was ($171,672) for the six months ended June 30,
2000  compared  to  $120,438  for the same  period in 1999.  This  decrease  was
primarily due to the higher  unrealized  equity losses in the second  quarter of
2000.

Liquidity and Capital Resources

At June 30, 2000, the Company had cash and cash equivalents of $1,304,971 versus
$580,758 at December 31, 1999. This increase was due primarily to the net income
for the six months  ended June 30, 2000 and changes in the  investment  advisory
fee receivable.

Accounts payable and accrued  expenses were $199,353 at June 30, 2000,  compared
to $329,265 at December 31, 1999.  The decrease in accounts  payable and accrued
expenses is primarily due to lower accruals for actual expenses incurred on fees
paid out to sales  representatives  for the quarter ended June 30, 2000 compared
to those fees accrued for the quarter  ended  December  31,  1999.  Accruals are
based upon expenses  incurred and/or as determined by management's best estimate
based upon the Company's annual budget.

Cash flows  provided by operating  activities  for the six months ended June 30,
2000,  were  $875,538  compared  to  $45,369  for the  same  period  in 1999 due
primarily  to changes in net income for the six months  ended June 30,  2000 and
the changes in the investment  advisory fee  receivable.  Cash flows provided by
(used in)  investing  activities  for the six months ended June 30,  2000,  were
($151,325)  compared to ($66,175)  for the same period in 1999 due  primarily to
the investment made in Senior Yellow Pages, Inc. in the first quarter of 2000.

Management of the Company believes short-term cash needs will continue to be met
through management fees, brokerage revenues, cash reserves and/or liquidation of
marketable securities.

Risk Factors, Trends & Uncertainties

Total assets under management and corporate earnings may substantially  increase
or  decrease  due to (1)  stock  market  conditions,  including  the  onset of a
long-term  declining,  or bear market; (2) performance  returns as influenced by
the  Company's   investment   advisory   decisions,   operational   expense  and
effectiveness of marketing  efforts;  (3) competition  from mutual funds,  other
investment advisory companies and insurance companies; (4) interest rate changes
and  other  actions  taken  by the  Federal  Reserve  Board;  (5)  domestic  and
international   economic  and  political   conditions,   high  inflation  and/or
recession;  (6) trends in business and finance;  (7) international  events;  (8)
acts of terrorism; and (9) other factors.

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<PAGE>

The Company is  registered  with and subject to  regulation by the SEC under the
Investment  Advisers Act of 1940 and,  where  applicable,  under state  advisory
laws.  The Company is also subject to regulation by the SEC under the Investment
Company Act of 1940. The Company's  affiliate  broker-dealer  is registered as a
broker-dealer  with the SEC  under  the  Securities  Exchange  Act of 1934  (the
"Exchange  Act") and,  where  applicable,  under state  securities  laws, and is
regulated by the SEC,  state  securities  administrators  and the NASD.  IASI is
registered  as a transfer  agent under the  Exchange Act and is regulated by the
SEC.  The  privately  held  affiliate  that manages the Fund is regulated by the
Commodity Futures Trading Commission and the National Futures Association.

By law,  investment advisors and broker-dealers are fiduciaries and are required
to serve their clients' interests with undivided  loyalty.  There is a potential
conflict of interest  because of the  affiliation  between the Company and IFNI.
While the Company  believes  that its existing  relationships  are in compliance
with  applicable  law and  regulations,  because of this  potential  conflict of
interest, the SEC may closely examine these relationships.

Many aspects of the financial  services industry involve  substantial  liability
risks,  including exposure under federal and state securities laws in connection
with the distribution of securities and investment advisor activities.  Although
the Company currently  maintains errors and omission insurance policies insuring
against  this risk,  such  insurance  does not  necessarily  protect the Company
against loss in all events.

There can be no  assurance  that any changes to existing  laws,  regulations  or
rulings   promulgated  by  government  entities  having  jurisdiction  over  the
Company's investment advisory, broker-dealer, investment company and commodities
trading  business  will not have an  adverse  effect  upon the  business  of the
Company.

In  connection  with a late 1997  examination  of the  Company,  the SEC  raised
certain issues regarding  possible  violations of the federal securities laws in
connection  with the  private  placement  of  debentures  of  Boston  Restaurant
Associates,   Inc.  The  Company  and  the  SEC  are   currently  in  settlement
negotiations  regarding  this matter.  Management of the Company does not expect
the  resolution  of this  matter to have any  material  effect on the  Company's
financial condition, results of operations or business.

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<PAGE>

                                   SIGNATURES

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

                                        JORDAN AMERICAN HOLDINGS, INC.

Dated: August 14, 2000                  By: /s/  Wallace Neal Jordan
                                            -------------------------
                                            Wallace Neal Jordan
                                            Chief Executive Officer

Dated: August 14, 2000                  By: /s/ A.J. Elko
                                            -------------
                                            A.J. Elko
                                            Chief Financial Officer

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