U.S. Securities and Exchange Commission

                           Washington, DC 20549

                               Form 10-QSB

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

               For the quarterly period ended June 30, 1997

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

              For the transition period from ---- to ----

                    Commission File number 333-5862

                             Net Lnnx, Inc.
      (Exact name of small business issuer as specified in its charter)

       Pennsylvania                                       23-1726390
 (State of other jurisdiction of                      (I.R.S. Employer
  incorporation or organization)                       Identification No.)

          324 Datura St., Suite. 303, West Palm Beach, FL 33401
           (Address of principal executive office and zip code)

                            (561) 659-1196 
                      (Issuer's telephone number)

          324 Datura St., Suite 330, West Palm Beach, FL 33401 
        (Former name, former address, and former fiscal year,
                     if changed since last report)

     Check whether the Issuer (1) filed all reports required to be filed by 
Section 13 or 15 (d) of the Exchange Act of 1934 during the past 12 months (or 
for such shorter period that the registrant was required to file such 
reports), and (2) has been subject to such filing requirements for at least 
the past 90 days.

   Yes _X_    No ___

                  APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable date: At June 30, 1997, there were 
outstanding 2,058,209 shares of common stock, no par value.

     Transitional Small Business Disclosure Format (check one);
 Yes _X_    No ___

<PAGE>
                             NET LNNX, INC.
                           Form 10-QSB Index
                             June 30, 1997

                                                             Page
                                                                          
Part I: Financial Information 

     Item 1. Financial Statements ..........................  3

          Balance Sheets Unaudited at June 30, 1997.........  4
          Unaudited Statements of Operations for the
          Period ended June 30, 1997........................  5-6

          Unaudited Statements of Cash Flow for the
          Period Ended June 30, 1997........................  7

          Notes to Unaudited Financial Statements ..........  8

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

Part II:   Other Information 

     Item 1.    Legal Proceedings ..........................  11

     Item 2.    Changes in Securities ....................... 12

     Item 3.    Defaults Upon Senior Securities ............. 12

     Item 4.    Submission of Matters to a Vote of
                Security Holders ............................ 12

     Item 5.    Other Information ........................... 12

     Item 6.    Exhibits and Reports on Form 8-K ............ 13

Signatures .................................................. 13

<PAGE>

                                   PART I
                           FINANCIAL INFORMATION


Item 1.  Financial Statements



<PAGE>

                               NET LNNX, INC.
                          CONDENSED BALANCE SHEET
                               June 30, 1997
                                (Unaudited)


ASSETS
Current assets:
    Cash                                                $    70,802
    Prepaid expenses                                          1,550
     
       Total current assets                                  72,352            
Property and equipment (net)                                  8,308
Note receivable - long term                                 444,452
     
                                                        $   525,112
     
LIABILITIES AND STOCKHOLDERS' EQUITY     
Current liabilities:     
  Accounts payable and accrued expenses                 $    18,256
     
        Total current liabilities                            18,256
     
Deferred gain - installment sale                             42,845
     
Stockholders' equity:     
  Common stock                                                1,000
  Additional paid-in capital                              1,096,335             
  Retained deficit                                         (633,324)
     
       Total stockholders' equity                           464,011
         
                                                       $    525,112

     See Accompanying Notes

<PAGE>

                               NET LNNX, INC.
                     CONDENSED STATEMENT OF OPERATIONS
                                (Unaudited)

[CAPTION]
<TABLE>
                                                     For the Three Months
                                                        Ended June 30,
                                                   1997                  1996
<S>                                             <C>                   <C>

Sales, net                                      $      -               $     -    
                    
Cost of sales                                          -                     -  
                    
Gross profit (loss)                                    -                     -
                    
General & administrative
  expenses                                          61,072                35,984      
                    
Loss from operations                               (61,072)              (35,984)
                    
Other income (expense)                    
   Interest earned                                   7,827                   -
   Installment gain
     - sale of subsidiary                              402                   -  
                    
Total other income (expense)                         8,229                   -  
                    
Net loss from continuing operations                (52,843)              (35,984)
                    
Discontinued operations:                    
    Loss from operations of subsidiaries               -                 (52,345)
    Estimated loss from disposal of subsidiaries  (118,002)                  -
                    
                                                  (118,002)              (52,345)
                    
Net loss                                          (170,845)              (88,329)

<PAGE>

Retained earnings (deficit),
  beginning of period                             (462,479)             (147,793
                    
Retained earnings(deficit), end of period       $ (633,324)           $ (236,122)  
                    
Earnings per share:                    
    Loss from continuing operations             $     (.03)           $     (.04)
    Loss on disposal of subsidiaries            $     (.09)           $     (.05)

Weighted average shares outstanding              2,044,555             1,020,934

</TABLE>

    See Accompanying Notes

<PAGE>

                                 NET LNNX, INC.
                      CONDENSED STATEMENTS OF CASH FLOW
                                  (Unaudited)


[CAPTION]
<TABLE>                                  
                                                         For the Three Months
                                                            Ended June 30,

                                                        1997                1996
<S>                                                  <C>               <C>          
Cash flows from operating activities:          
  Net income                                         $   (170,845)     $    (88,329)
  Adjustments for non-cash items                               13               180
  Changes in assets and liabilities                        64,052            90,227
          
    Net cash provided (used) for operations              (106,780)            2,078
          
Investments activities:          
    Acquisition of property                                   -                 -
   Receipts from installment sale note                      4,173               -
          
    Cash used for investment activities                    (4,173)              -
          
Financing activities:          
  Proceeds from issuance paid-in capital                  100,000               -
  Proceeds from sale of Preferred Stock                       -                 - 
          
    Net cash provided by financing activities             100,000               -
          
Net increase (decrease) in cash                            (2,607)            2,078
          
Cash, beginning of period                                  73,409               -
          
Cash, end of period                                  $     70,802         $   2,078
          
Supplemental disclosure:          
  Cash paid for interest                             $        -           $     -
          
  Income taxes paid                                  $        -           $     -

</TABLE>

     See Accompanying Notes


<PAGE>

                                NET LNNX, INC.
                         NOTES TO FINANCIAL STATEMENTS


1.  Basis of Presentation

The accompanying unaudited financial statements of Net Lnnx, Inc. (the 
"Company") have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form 
10-Q.  In the opinion of management, all adjustments (consisting of normal 
recurring accruals) considered necessary for a fair presentation have been 
included.  Operating results for the three month period ended June 30, 1997 
are not necessarily indicative of the results that may be expected for the 
year ended December 31, 1997.

2.  Discontinued Operations and Subsequent Events

In 1996, the Company reported the pending sale of its subsidiaries, 
Communications/USA, Inc. ("CUSA") and TrueNet, Inc.  The Company expensed 
expected costs of these discontinued operations in 1996.  Operating loss from 
operations of $52,345 reported in the second quarter of 1996 are not included 
in loss from operations in the accompanying income statements.  Potential tax 
benefits from the loss on disposition have not been recognized since the 
ultimate realization of the tax benefits is dependent on the Company 
generating future capital gains.

In 1997, the Company completed the sale of CUSA.  The consideration of the 
sale was cash and a promissory note.  The gain on the sale is being reported 
on the installment method.  Based on cash receipts in the second quarter of 
1997, the gain was $402.  The Company, however, has begun litigation to 
accelerate payments based on the terms and conditions of the note.  The suit 
is in its discovery stage and management believes the ultimate outcome will be 
favorable to the Company.

The sale of the Company's other subsidiary, TrueNet, Inc., was also 
completed.  The consideration was stock in the name of the purchaser, Banana 
Corporation, Inc. ("BCI").  BCI is in the process of considering bankruptcy 
subsequent to June 30, 1997.  The Company's investment in BCI may not be 
realizable and a reserve for the loss has been expensed during the second 
quarter of 1997.


<PAGE>

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

     (a)     Plan of Operation

     The registrant is presently a holding company conducting virtually no 
business operation, other than its efforts to seek merger partners or 
acquisition candidates. As disclosed in the registrant's press release dated 
June 26, 1997, on that date, the registrant cancelled the proposed merger 
announced on April 25, 1997 between the registrant and Techni-Logic 
Consultants, Inc., a Texas based corporation.  As of the date of this report, 
no letter of intent or definitive binding merger agreement has been entered 
into between the registrant and any other prospective merger partner or 
acquisition candidate, and no assurances can be made that such a letter of 
intent or merger agreement will be entered into or that such a merger will 
close.  

     In April 1997, the registrant received a capital infusion of 
approximately $100,000 in connection with the sale of 250,000 shares of the 
registrants common stock. See Part II Item 2 herein "Change In Securities".  
Also, the registrant receives a cash flow from a 7% note receivable (the "Note 
Receivable") made to the registrant.  The Note Receivable is a 7% interest 
promissory note in the amount of $475,000 with 5 monthly payments of $ 4,000 
per month, 7 monthly payments of $9,000 per month, 12 monthly payments of 
$12,000 per month, and a balloon payment of the balance due on March 1, 1999.  
The underlying value of the Note Payable is presently approximately $444,452.

     During the period covered by this report, the registrant instituted legal 
proceeding against the maker of the Note Receivable in connection with the 
purchase contract for which the Note Receivable was issued.  See Part II, Item 
1 herein, "Legal Proceedings".  During the period covered by this report, the 
registrant has expended a significant amount of its cash reserves, in addition 
to a significant amount of the cash flow received by the registrant from the 
Note Receivable, on professional fees and costs in connection with this and 
other litigation matters in which the registrant has been a party to. No 
assurances can be made that the registrant, or its assigns, will continue to 
receive its monthly payments, or the balloon payment, on the Note Receivable 
when due in light of the circumstances which prompted the registrant to 
institute litigation proceedings against the Note Receivable maker.  As of the 
date of this report, the registrant maintains cash reserves in the amount of 
approximately $70,800. 

     Upon the termination of the abovementioned litigation, the Note 
Receivable will be transferred from  the registrant  to Harbor Town Holding 
Group I, Inc., a wholly owned subsidiary of the registrant. See Part II, Items 
4 and 5 herein,  "Submission of Matters to a Vote of Security Holders", "Other 
Information".  Upon such transfer, the registrant will be required to expend 
its cash reserves in order to meet its operating costs for 1997 since it will 
no longer receive cash flow from the Note Receivable and the registrant has no 
other means of cash flow.  Notwithstanding the abovementioned litigation, or 
any other litigation, until such time as the registrant closes a merger or 
acquisition transaction, with the exception of professional fees and costs for 
such a transaction,  the registrant expects that it will incur only minor 
operating costs in 1997.  

<PAGE>

     The registrant has been operated by new management since January 1997.  
To the best of such new management's knowledge, the registrant's past 
liabilities have been paid to the satisfaction of all creditors, with the 
exception of one creditor which has brought suit against the registrant in the 
approximate amount of $25,645 as of the date of this report. See Part II, Item 
1 herein, "Legal Proceedings".   In the event this creditor is successful in 
such action against the registrant, depending upon the costs involved and the 
monetary damage awards obtained against the registrant, the registrant might 
have difficulty meeting its cash requirements.  Also, although the 
registrant's management has conducted what they consider a thorough 
investigation of all potential liabilities of the registrant, management may 
not be aware of all the registrant's outstanding liabilities; therefore, in 
the event present, material, unknown liabilities exist, the registrant might 
have difficulties meeting its cash flow requirements in the event it is 
required to pay such liabilities.

<PAGE>

                                 PART II

                            OTHER INFORMATION


Item 1.  Legal Proceedings

     CommGroup, Inc. Litigation

     On April 15, 1997, CommGroup, Inc. d/b/a Communications Group, a Florida 
corporation ("CommGroup"), filed suit against the registrant in the Circuit 
Court of the Fifteenth Judicial Circuit, Palm Beach County, Florida.

     CommGroup is a company which provides marketing support and public 
relations services ("Services"). CommGroup alleges that it performed Services 
for the registrant valued at approximately $25,645 pursuant to an oral 
contract between the registrant and CommGroup.  CommGroup brought this suit 
for breach of contract, account stated and quantum meruit relief against the 
registrant.  As of the date hereof, the lawsuit is in the "discovery stage". 

     Palm Capital, Inc. et. al Litigation

     During the period covered by this report, questionable circumstances 
arose with respect to the Note Payable, Communications/USA, Inc., Palm 
Capital, Inc. and the viability of continued payment on the Note Payable and 
the possibility of its default, either in whole or in part. Based on this, 
registrant considered it likely that the value of the Note Payable was in 
jeopardy and that certain action, including litigation, would be required and 
appropriate in order to salvage the greatest amount of value for the Note 
Payable. As stated, the underlying value of the Note Payable is presently 
approximately $444,452.  On June 27, 1997 a representative of Palm Capital, 
Inc. and Communications\USA, Inc. offered to pay Net Lnnx a lump sum payment 
of $213.256.00 as payment in full on the Note Payable in exchange for a 
release from liability for any additional payments under the Note Payable.  
The registrant  rejected the offer as payment in full for the Note Payable. 

     On June 27, 1997, the registrant, filed suit against Palm Capital, Inc., 
a Florida corporation ("Palm"), Communications/USA, Inc., a Florida 
corporation ("Comm/USA"), Robert Feiman, an individual ("Feiman") Raul 
Balsera, an individual ("Balsera") and Gibbs and Runyan, P.A , a Florida 
professional corporation ("Gibbs") in the Circuit Court of the Fifteenth 
Judicial Circuit, Palm Beach County, Florida in connection with the purchase 
contract for which the Note Receivable was issued. 

     The registrant commenced suit against the abovenamed defendants
collectively and/or individually alleging/seeking Fraudulent Transfer; Fraud 
In The Inducement; Injunctive Relief (pursuant to Florida's Fraudulent 
Conveyance Statute and common law); Fraud In the Purchase Of Securities; 
Breach of Contract; and Breach of Fiduciary Duty.  Upon a motion to dismiss 
all counts brought by the defendants, the court denied the motion as to all 
counts except for the common law injunctive relief sought.  The court, 
however, sustained and refused to dismiss the registrant's claim for 

<PAGE>

injunctive relief based upon Florida's Fraudulent Conveyance Statute.  At a
preliminary hearing, the court did not grant preliminary injunctive relief; 
however, the lawsuit is continuing forward, discovery is proceeding, and a 
jury trial has been requested. The registrant is seeking compensatory damages 
and punitive damages, in addition to any and all other relief the court may 
grant.

Item 2.  Change in Securities

      On each of March 26, 1997 and April 10, 1997, the registrant sold 
250,000 shares of common stock (500,000 in the aggregate) at $0.40 per share 
pursuant to a private placement transaction. The exemptions the registrant 
relied upon were Sections 4(2), 4(6) and Regulation D of the Securities Act of 
1933, as amended. The  stock was sold to an individual in the March 
transaction and to a privately held limited liability partnership in the April 
transaction. Both purchasers are accredited investors as that term is defined 
in Regulation D.   The net proceeds to the registrant for the sale of said 
500,000 shares, after offering expenses of $1,000 were $199,000.
         
Item 3.  Defaults Upon Senior Securities

         NONE

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

     The annual meeting of the shareholders of the registrant was held on May 
23, 1997.  Shareholders representing 1,426,336 shares of the 2,058,209 shares 
outstanding on that date attended the meeting and unanimously passed the 
following resolutions:

1.   To ratify the Company's anticipated reverse merger with Techni- logic 
     Consultants, Inc.;

2.   To ratify the January 31, 1997 sale of the registrant's interest in 
     TrueNet Corporation to Banana Corp., Inc;

3.   To ratify the transfer of two of the registrant's assets: (i) the Note
     Receivable into Harbor Town Holding Group I, Inc., the first of two new
     wholly owned subsidiaries of the registrant; and (ii) the registrant's
     25% interest in Banana Online, Inc., a Florida internet corporation, to
     Harbor Town Holding Group II, Inc., the second of two wholly owned
     subsidiaries of the registrant.  On May 19, 1997 the registrant declared
     a dividend to distribute to May 21, 1997 shareholders of record of the
     registrant the shares of the two abovementioned wholly owned subsidiaries.

4.   To ratify the election of Ronald W. Hayes, Jr, president and director 
     of the registrant, president and sole director of the two wholly owned 
     subsidiaries.
         
Item 5.  Other Information
     
     On June 5, 1997, the registrant agreed to assign the Note Payable  to 
Harbor Town Holding Group I, Inc. ("Harbor Town"), a wholly owned subsidiary 
of the registrant. The assignment was made for the payment of the transfer to 
registrant by Harbor Town of Two Million Fifty Eight Thousand Two Hundred and 
Nine (2,058,209) shares of Harbor Town's capital stock, which on May 23, 1997, 

<PAGE>

pursuant to a shareholder and director's meeting, the registrant was
authorized to issue such Harbor Town stock to record shareholders of Net Lnnx.

     Previous to June 5, 1997 and continuously up to June 6, 1997, 
questionable circumstances arose with respect to the Note Payable, Comm/USA, 
Palm, and the viability of continued payment on the Note Payable or the 
possibility of its default, either in whole or in part.  Based on this, both 
the registrant and Harbor Town considered it likely that the value of the Note 
Payable was in jeopardy and that certain action, including litigation, would 
be required and appropriate in order to salvage the greatest amount of value 
for the Note Payable.

     The registrant and Harbor Town agreed that in exchange for the registrant 
utilizing its resources to collect the greatest amount of value for the Note 
Payable, Harbor Town will suspend, and shall not effectuate the assignment of 
the Note Payable to Harbor Town until such date that the registrant can 
collect the greatest amount of value for the Note Payable, with such value to 
be determined by the registrant. The registrant shall continue to have full 
right of ownership in all Two Million Fifty Eight Thousand Two Hundred and 
Nine (2,058,209) shares of Harbor Town's capital stock, which now belongs to 
the registrant's shareholders of record date.  As of the date of this report, 
the registrant and the opposing parties to this litigation are in the 
discovery process of the lawsuit.

Item 6.  Exhibits and Reports on Form 8-K

     (a)     Financial Data Schedule
     (b)     No reports on Form 8-K were filed during the quarter ended June 
            30, 1997.


                                SIGNATURES

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

          NET LNNX, INC.
          Registrant

          /s/ Ronald W. Hayes, Jr.
          Ronald W. Hayes, Jr.
          President.

          /s/ Ronald W. Hayes, Jr.
          Ronald W. Hayes, Jr.
          President.

          /s/ Ronald P. Perella
          Ronald P. Perella,
          Vice President and
          Executive Secretary

                                     Date: August 6, 1997