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

                                   Form 10-QSB

(Mark One)
/X/  Quarterly  Report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934
                   For the quarterly period ended May 31, 1999



/ /  Transition  Report under  Section 13 or 15(d) of the Exchange Act for the
     Transition Period from ________ to ___________

                         Commission File Number: 0-25247

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

         Delaware                                                     95-4675095
(State or other jurisdiction of                                 (I.R.S. Employer
incorporation or organization)                               Identification No.)

                       17337 Ventura Boulevard, Suite 224
                            Encino, California 91316
                    Issuer's Telephone Number: (818) 784-0040
            (Address and phone number of principal executive offices)



         Check whether the issuer (1) filed all reports  required to be filed by
Section  13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days. Yes/ /  No/X/

         The  Registrant has 4,000,000  shares of Common stock,  par value $.001
per share issued and outstanding as of May 31, 1999.

         Traditional Small Business Disclosure Format (check one)  Yes/ /  No/X/

                                       1
<PAGE>


                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB



PART I            FINANCIAL INFORMATION
                                                                           Page
Item 1.           Financial Statements                                        3
                  Balance Sheet  (unaudited)                                  4
                  Statements of Operations (unaudited)                        5
                  Statements of Cash Flows (unaudited)                        6
                  Notes to Financial Statements                               7


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


PART II           OTHER INFORMATION

Item 1.           Legal Proceedings                                          10

Item 2.           Changes in Securities and Use of Proceeds                  10

Item 3.           Defaults upon Senior Securities                            10

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

Item 5.           Other Information                                          10

Item 6.           Exhibits and Reports on Form 8-K                           10

Signatures                                                                   11

                                       2
<PAGE>


                          PART I FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS
                (Financial Statements Commence on Following Page)

                                       3
<PAGE>

<TABLE>
ADVANCED KNOWLEDGE, INC.


BALANCE SHEETS
--------------------------------------------------------------------------------
<CAPTION>
                                                  May 31, 1999        August 31,
                                                   (Unaudited)             1998
                                                  ------------        ---------
<S>                                                <C>               <C>
ASSETS

CASH                                               $    19,658       $   10,918

ACCOUNTS RECEIVABLE                                     35,031            6,836

VIDEO INVENTORY AND PRODUCTION COSTS                    52,069           33,285

PREPAID EXPENSES                                         4,500            2,000
                                                   -----------       ----------

TOTAL ASSETS                                       $   111,258       $   53,039
                                                   ===========       ==========


LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Accrued expenses                                   $    41,686       $   64,472
Note payable to shareholder                            102,962           72,212
Accrued interest due to shareholder                      6,518
                                                   -----------       ----------
Total liabilities                                      151,166          136,684
                                                   -----------       ----------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' DEFICIT:
Common stock, par value - $.001,
  25,000,000  shares  authorized,
  4,000,000  and  3,000,000  shares
  issued and outstanding at May 31,
  1999 and August 31, 1998, respectively                 4,000            3,000
Additional paid-in capital                              99,000
Accumulated deficit                                   (142,908)         (86,645)
                                                   -----------       ----------
Total shareholders' deficit                            (39,908)         (83,645)
                                                   -----------       ----------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT        $   111,258       $   53,039
                                                   ===========       ==========


See accompanying notes to financial statements.
</TABLE>

                                       4
<PAGE>

<TABLE>
ADVANCED KNOWLEDGE, INC.


STATEMENTS OF OPERATIONS AND ACCUMULATED DEFICIT
FOR THE THREE MONTHS AND NINE MONTHS ENDED MAY 31, 1999
--------------------------------------------------------------------------------
<CAPTION>
                                               Three Months          Nine Months
                                                   Ended                Ended
                                               May 31, 1999         May 31, 1999
                                               ------------         ------------
<S>                                             <C>                 <C>
REVENUES                                        $   46,616           $  134,131

COST OF SALES                                       14,306               49,340
                                                ----------           ----------

GROSS PROFIT                                        32,310               84,791
                                                ----------           ----------

EXPENSES:
Selling and marketing                                7,029               25,216
General and administrative                          20,384               48,552
Professional fees                                   15,727               59,868
Interest expense                                     2,859                6,518
                                                ----------           ----------
Total expenses                                      45,999              140,154
                                                ----------           ----------

LOSS BEFORE INCOME TAXES                           (13,689)             (55,363)

INCOME TAXES                                                                900
                                                ----------           ----------

NET LOSS                                        $  (13,689)             (56,263)
                                                ==========

ACCUMULATED DEFICIT AT SEPTEMBER 1, 1998                                (86,645)
                                                                     ----------

ACCUMULATED DEFICIT AT MAY 31, 1999                                  $ (142,908)
                                                                     ==========


BASIC LOSS PER SHARE                            $      N/A           $     (.02)
                                                ==========           ==========

COMMON SHARES OUTSTANDING                        4,000,000            3,355,556
                                                ==========           ==========

See accompanying notes to financial statements.
</TABLE>


                                       5
<PAGE>

<TABLE>
ADVANCED KNOWLEDGE, INC.


STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED MAY 31, 1999
--------------------------------------------------------------------------------
<S>                                                                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                              $ (56,263)
Adjustments to reconcile net loss to net cash
    used by operating activities:
    Amortization                                                          3,333
    Changes in operating assets and liabilities:
      Accounts receivable                                               (28,195)
      Inventory                                                         (22,117)
      Prepaid expenses                                                   (2,500)
      Accrued expenses                                                  (16,268)
                                                                      ---------
Net cash used by operating activities                                  (122,010)
                                                                      ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock                                                    100,000
Net borrowings from shareholder                                          30,750
                                                                      ---------
Net cash provided by financing activities                               130,750
                                                                      ---------

NET DECREASE IN CASH                                                      8,740

CASH, BEGINNING OF PERIOD                                                10,918
                                                                      ---------
CASH, END OF PERIOD                                                   $  19,658
                                                                      =========


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest                                                $     -0-
Cash paid for income taxes                                            $     900


See notes to financial statements.
</TABLE>


                                       6
<PAGE>


ADVANCED KNOWLEDGE, INC.


NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


1.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         BASIS OF PRESENTATION

         The accompanying  unaudited financial  statements have been prepared in
         accordance with generally  accepted  accounting  principles for interim
         financial information and with the instructions to Form 10-QSB and Item
         310(b) of Regulation S-B.  Accordingly,  they do not include all of the
         information  and footnotes  required by generally  accepted  accounting
         principles  for  complete  financial  statements.  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 nine-month period ended May 31, 1999, are not
         necessarily indicative of the results that may be expected for the year
         ended August 31, 1999. For further information,  refer to the financial
         statements and footnotes  thereto  included in the company's  report on
         Form 10-SB for the year ended August 31, 1998.

         The balance sheet at August 31, 1998, has been derived from the audited
         financial  statements  at that  date but does  not  include  all of the
         information  and footnotes  required by generally  accepted  accounting
         principles for complete financial statements.

         General  Information - At a special  meeting held on June 30, 1998, the
         shareholders of DMA-Radtech, Inc. ("DMA"); a wholly-owned subsidiary of
         Electro-Kinetic  Systems, Inc. ("EKSI"),  approved a plan of merger and
         reorganization,  as set forth in an  Agreement  and Plan of Merger  and
         Reorganization dated as of June 30, 1998, with Advanced Knowledge, Inc.
         ("AKIP").  DMA issued  2,700,000 shares of its common stock in exchange
         for all outstanding shares of Advanced Knowledge,  Inc. Concurrent with
         the agreement, DMA changed its name to Advanced Knowledge, Inc. ("AK").
         DMA, a Delaware  corporation,  was  incorporated  under the laws of the
         State of Delaware in January 1987. During the nine months ended May 31,
         1999,  the  Company  sold  1,000,000  shares  of its  common  stock for
         $100,000.

         The financial statements for the three-months and nine-months ended May
         31, 1998 have not been included  herein as the Company was  effectively
         dormant during the period.

         The current core business of Advanced  Knowledge is the  production and
         marketing of business training videos.

                                       7
<PAGE>


         Going Concern - The Company  experienced  significant  operating losses
         for the period  ended  August 31, 1998 and through  May 31,  1999.  The
         financial  statements  have been  prepared  assuming  the Company  will
         continue  to  operate  as  a  going  concern  which   contemplates  the
         realization  of assets and the  settlement of liabilities in the normal
         course of business.  No adjustment has been made to the recorded amount
         of assets or the recorded amount or classification of liabilities which
         would  be  required  if  the  Company   were  unable  to  continue  its
         operations.  As  discussed  in  Note 2,  management  has  developed  an
         operating plan which they believe will generate sufficient cash to meet
         its  obligations  in the normal  course of business.  In addition,  the
         Company has an agreement  with its President  and majority  shareholder
         which provides for borrowings up to $300,000.

         Unclassified  Balance Sheet - In accordance with the provisions of SFAS
         No. 53, the  Company  has  elected to present an  unclassified  balance
         sheet.

         Video  Inventory  - Video  inventory  consists of video  tapes,  demos,
         training manuals and film production costs.  Inventory is stated at the
         lower of cost or estimated net realizable value and is amortized in the
         ratio of the current year's gross revenues to management's  estimate of
         remaining  gross  revenues.  Accumulated  amortization  at May 31, 1999
         totalled $3,750.

         Loss Per Share - The Company  adopted the  provisions  of  Statement of
         Financial  Accounting  Standards ("SFAS") No. 128, "Earnings Per Share"
         that  established  standards  for  the  computation,  presentation  and
         disclosure of earnings per share ("EPS"), replacing the presentation of
         Primary EPS with a  presentation  of Basic EPS. It also  requires  dual
         presentation  of Basic EPS and  Diluted  EPS on the face of the  income
         statement for entities with complex capital structures. The Company did
         not present Diluted EPS since it has a simple capital structure.

         The loss per  share for the three  months  ended May 31,  1999 has been
         indicated as "N/A" (not available)  since the amount is less than $0.01
         per share.

2.       MANAGEMENT PLANS

         During  the nine  months  ended May 31,  1999,  the  Company  commenced
         shipping  of its new  training  videos.  Management  expects  that  the
         forecasted  higher sales and cash flow from operations will be adequate
         to finance the 1999 cash flow  requirements.  Management  has developed
         plans  which  include  but are not limited  to,  merging  with  another
         company and obtaining additional equity and financing sources.



                                       8
<PAGE>


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

PLAN OF OPERATION

The Company will  continue to devote its  resources to marketing  its  workforce
training  video  library  and  related  training  materials.  At this time these
efforts are focused on four titles,  "Twelve Angry Men:  Teams That Don't Quit",
"The  Cuban  Missile   Crisis:   A  Case  Study  In  Decision   Making  And  Its
Consequences",  "What It Really Takes To Be A World Class Company",  and "It's A
Wonderful  Life: The Leader As Servant".  In addition,  the Company  anticipates
spending some of its resources on the production of additional  training videos,
and the acquisition of distribution  rights to training videos produced by other
companies.

Marketing expenses and production costs during the fiscal year ending August 31,
1999 are estimated to approximate $225,000. Management expects that sales of its
videos and training  materials,  along with  available  funds under an agreement
with its  President  and  majority  shareholder,  and the sale of equity  should
satisfy  its cash  requirements  over the next  year.  However,  there can be no
assurance  that its  President  will  continue to supply funds  pursuant to such
agreement,  nor that the Company will be successful in raising  capital  through
the sale of equity.  The Company's  marketing expenses and the production of new
training videos will be adjusted accordingly.

During the quarter  ended May 31, 1999 the Company  sold  800,000  shares of its
common stock for $80,000. The Company used $40,000 from the sale of these shares
to partially reduce the Company's outstanding debt to its President.

The Company currently has 2 employees.  These employees received no compensation
through May 31, 1999. If cash  resources  permit,  the Company plans to increase
its employees to 6 during calendar 1999, (2 administrative, 4 sales).

RESULTS OF OPERATIONS

During the period March 1, 1999  through May 31, 1999,  the Company had revenues
of $46,616 and expended  approximately $60,000 in the production and development
of its workforce  training video and materials and in general and administrative
expenses in  establishing  its  corporate  business.   These  expenses  included
$15,727 in professional fees and $2,859 in interest expenses due its President.

The Company has an agreement  with its  President  and majority  shareholder  to
provide, at the President's discretion, up to $300,000 at 8% interest. Repayment
is to be made  when  funds are  available  with the  balance  of  principal  and
interest due December 31, 2001. The Company has borrowed  approximately $103,000
through May 31, 1999.

The Company has no material  commitments  for capital  expenditures  nor does it
foresee the need for such  expenditures  over the next year. In connection  with
the production of its video and training materials, the Company has an agreement
with the co-producer of the video, 12 Angry Men, and The Cuban Missile Crisis to
pay a royalty based on a specified formula,  which has averaged to approximately
35% of gross sales.

                                       9
<PAGE>

The Company was  effectively  dormant during the nine months ended May 31, 1998,
expending only $758 in order to maintain its corporate status.


                            PART II OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

                  The Company is not a party to any legal proceedings.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

                  None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES    None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
                  During  the  quarter  ended  May 31,  1999,  no  matters  were
                  submitted to the Company's security holders.

ITEM 5.  OTHER INFORMATION

                  None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

                  None.


                                       10
<PAGE>


                                   SIGNATURES

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

                                  ADVANCED KNOWLEDGE, INC.
                                  (Registrant)


Dated:  July 8, 1999              /s/ Buddy Young
                                  --------------------------------------------
                                  Buddy Young, President and Chief
                                  Executive Officer


                                       11