SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 ---------------

                                   FORM 10-QSB

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

                  For the quarterly period ended June 30, 2000
                           Commission File No. 0-25007

                          FULLCOMM TECHNOLOGIES, INC.*
--------------------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

         Delaware                                        65-0655628
--------------------------------            ------------------------------------
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or Organization)


110 West Franklin Avenue, Pennington, New Jersey**                        08534
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)


                                (609) 730-9900**
--------------------------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

     Check  whether  the Issuer:  (1) filed all reports  required to be filed by
Section 13 or 15(d) of the  Securities  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 the past 90
days.

                 Yes:  X                        No:
                     -----                         -----


     State the number of shares  outstanding of each of the Issuer's  classes of
common stock, as of August 1, 2000:

             Class                               Number of Shares
             -----                               ----------------

Common Stock, $.0001 par value                       8,490,557

     Transitional Small Business Disclosure Format (check one):

                 Yes:                            No:  X
                     -----                          -----

---------------

*  On June 20, 2000, the Registrant changed its name from "Contessa Corporation"
to "Fullcomm Technologies, Inc."

** On June 12, 2000, the  Registrant  relocated its principal  executive  office
from 11  Chambers  Street,  Princeton,  New  Jersey  08542 to 110 West  Franklin
Avenue, Pennington, New Jersey 08534 and changed its telephone number from (609)
252-0657 to (609) 730-9900.

<PAGE>

                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------

                                TABLE OF CONTENTS
                                -----------------

                                                                            Page
                                                                            ----

PART I  FINANCIAL INFORMATION

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

     CONDENSED CONSOLIDATED BALANCE SHEET
     as of June 30, 2000 (unaudited), and December 31, 1999.................  2

     CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
     For the Three Months Ended June 30, 2000 and 1999,
     For the Six Months Ended June 30,  2000,  From  Inception on
     January 15, 1999 through June 30, 1999, and From Inception on
     January 15, 1999 through June 30, 2000 (unaudited).....................  3

     CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS'
     EQUITY (DEFICIT) From Inception on January 15, 1999 through
     June 30, 2000 (unaudited)..............................................  4

     CONDENSED  CONSOLIDATED STATEMENT OF CASH FLOWS
     For the Six Months Ended June 30, 2000, From Inception on
     January 15, 1999 through June 30, 1999, and From Inception on
     January 15, 1999 through June 30, 2000 (unaudited).....................  5

     NOTES TO CONDENSED CONSOLIDATED FINANCIAL
     STATEMENTS (unaudited).................................................  6

   Item 2.   Management's Discussion and Analysis of Financial
             Condition and Plan of Operation................................  8

     Liquidity and Capital Resources........................................ 10

     Results of Operations.................................................. 12

PART II   OTHER INFORMATION

   Item 2.   Changes in Securities and Use of Proceeds...................... 13

   Item 4.   Submission of Matters to a Vote of Security Holders............ 13

   Item 5.   Other Information.............................................. 14

   Item 6.   Exhibits and Reports on Form 8-K............................... 15

SIGNATURES        .......................................................... 16


                                     - i -
<PAGE>

                         PART I. FINANCIAL INFORMATION.
                         ------------------------------

ITEM 1.     FINANCIAL STATEMENTS.

     Certain  information  and footnote  disclosures  required  under  generally
accepted accounting principles have been condensed or omitted from the following
consolidated  financial  statements pursuant to the rules and regulations of the
Securities and Exchange Commission,  although Fullcomm  Technologies,  Inc. (the
"Company")  and  its   subsidiary   Fullcomm,   Inc.,  a  Delaware   corporation
("Fullcomm"),  believe  that the  disclosures  are  adequate  to assure that the
information presented is not misleading in any material respect.

     The results of operations for the interim periods  presented herein are not
necessarily indicative of the results to be expected for the entire year.



                                      -1-
<PAGE>

                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                      CONDENSED CONSOLIDATED BALANCE SHEET
                      ------------------------------------
<TABLE>
<CAPTION>
                                                                              June 30,       December 31,
                                                                                2000            1999
                                                                            -----------      ------------
                                                                            (unaudited)
                                ASSETS
                                ------
<S>                                                                         <C>              <C>
Cash.................................................................       $   453,354      $    1,439
Furniture and equipment, net of accumulated depreciation.............            13,475          14,594
Other................................................................             4,670           1,917
                                                                            -----------      ----------
    TOTAL ASSETS.....................................................       $   471,499      $   17,950
                                                                            ===========      ==========


            LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
            ----------------------------------------------

CURRENT LIABILITIES:

Accounts payable.....................................................       $    71,143      $   57,168
Loan from shareholder................................................                --          25,315
                                                                            -----------      ----------
    Total Current Liabilities........................................            71,143          82,483
                                                                            -----------      ----------


STOCKHOLDERS' EQUITY (DEFICIT):

Preferred stock, 5,000,000 shares, $0.001 par value, authorized;
  no shares issued...................................................                --              --

Common stock, 20,000,000 shares, $0.0001 par value,
  authorized; 8,372,624 and 4,584,250 shares issued
  and outstanding, respectively......................................               837             458
Capital in excess of par.............................................         2,050,891         249,778
Deficit accumulated during the development stage.....................          (922,204)       (314,769)
Deferred compensation................................................          (729,168)             --
                                                                            ------------     ----------
  Total Stockholders' Equity (Deficit)...............................           400,356         (64,533)
                                                                            -----------      ----------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)...............       $   471,499      $   17,950
                                                                            ===========      ==========
</TABLE>



            See Notes to Condensed Consolidated Financial Statements.



                                      -2-
<PAGE>

                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                 ----------------------------------------------
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                   From Inception   From Inception
                                  For the Three    For the Three    For the Six     on January 15,   on January 15,
                                   Months Ended    Months Ended     Months Ended     1999 through    1999 through
                                  June 30, 2000    June 30, 1999   June 30, 2000     June 30, 1999    June 30, 2000
                                  -------------    -------------   -------------    --------------   --------------
<S>                                <C>             <C>              <C>             <C>             <C>
Revenue.......................     $        --     $        --      $        --     $        --     $        --

Operating Expenses:
  General and administrative..         335,844          16,207          498,322          23,277         795,107
  Research and development....          67,288          15,371          114,286          20,371         132,286
                                    ----------      ----------       ----------      ----------      ----------
Total Operating Expenses......         403,132          31,578          612,608          43,648         927,393

Other income and expense:
Interest income...............           7,780             192            8,278             538           8,840
Interest expense..............            (842)             --           (3,105)             --          (3,651)

Net loss......................     $  (396,194)    $   (31,386)     $  (607,435)    $   (43,110)    $  (922,204)
                                    ==========      ==========       ==========      ==========      ==========

Basic and diluted net loss
per share.....................     $     (0.05)     $    (0.01)     $     (0.09)    $     (0.01)
                                    ==========      ==========       ==========      ==========

Basic and diluted weighted
average
 Number of shares outstanding...     8,367,679       4,500,000        7,061,489       4,500,000
                                    ==========      ==========       ==========      ==========
</TABLE>


            See Notes to Condensed Consolidated Financial Statements.



                                      -3-
<PAGE>

                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
       CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
       ------------------------------------------------------------------
      FROM INCEPTION ON JANUARY 15, 1999 THROUGH JUNE 30, 2000 (unaudited)
      --------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                        Capital in Excess    Accumulated     Deferred
                                    Common Stock          of Par Value         Deficit     Compensation     Total
                                    ------------        -----------------    -----------   ------------     -----
                                 Shares      Amount
                                 ------      ------
<S>                             <C>         <C>           <C>               <C>              <C>         <C>
Issuance of common stock.....   4,500,000   $    450      $    59,550       $        --      $      --   $   60,000

Issuance of common stock for
cash.........................     517,624         52        1,090,184                --             --    1,090,236

Issuance of common stock in
reverse merger...............   3,000,000        300             (300)               --             --           --

Issuance of common stock for
consulting services..........     350,000         35          874,965                --       (729,168)     145,832

Issuance of common stock for
stockholder's loan...........       5,000         --           26,492                --             --       26,492

Net loss.....................          --         --               --          (922,204)            --     (922,204)
                                ---------   --------      -----------       -----------      ---------    ---------

Balance at June 30, 2000.....   8,372,624   $    837      $ 2,050,891       $  (922,204)     $(729,168)   $ 400,356
                                =========   ========      ===========       ===========      =========    =========
</TABLE>


            See Notes to Condensed Consolidated Financial Statements.


                                      -4-
<PAGE>

                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                 ----------------------------------------------
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                      From Inception        From Inception
                                                     For the Six    on January 15, 1999   on January 15, 1999
                                                    Months Ended          through               through
                                                    June 30, 2000      June 30, 1999         June 30, 2000
                                                    -------------   -------------------   -------------------
<S>                                                  <C>               <C>                    <C>
Cash flows used in operating activities:

Net loss........................................     $ (607,435)       $  (43,110)            $   (922,204)
Adjustments to reconcile net loss
  to net cash used in operating activities:
Deferred compensation...........................        145,832                --                  145,832
Depreciation....................................          1,119                89                    1,197
Increase in operating assets:
Other...........................................         (2,753)           (1,424)                  (4,670)
Increase in operating liabilities:
Accounts payable................................         13,975                --                   71,143
Accrued expenses................................             --                --                       --
                                                     ----------        ----------             ------------
Net cash used in operating activities...........       (449,262)          (44,445)                (708,702)
                                                     ----------        ----------             ------------

Cash flows from investing activity:
Purchase of furniture and equipment.............             --            (1,960)                 (14,672)
                                                     ----------        ----------             ------------

Cash flows provided by financing activity:
Proceeds from issuance of common stock..........        900,000            60,000                1,150,236
Proceeds from note payable......................        100,000                --                  100,000
Repayment of note payable.......................       (100,000)               --                 (100,000)
Proceeds from loan from shareholder.............          1,177                --                   26,492
                                                     ----------        ----------             ------------
Cash flows provided by financing activities:....        901,177            60,000                1,176,728
                                                     ----------        ----------             ------------

Net increase in cash............................        451,915            13,595                  453,354

Cash at beginning of period.....................          1,439                --                       --
                                                     ----------        ----------             ------------

Cash at end of period...........................        453,354            13,595                  453,354
                                                     ==========        ==========             ============
</TABLE>


            See Notes to Condensed Consolidated Financial Statements.

                                      -5-
<PAGE>


                   FULLCOMM TECHNOLOGIES, INC. AND SUBSIDIARY
                   ------------------------------------------
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
              ----------------------------------------------------
                                   (unaudited)


NOTE 1 - BASIS OF PRESENTATION

     The financial statements included herein have been prepared by the Company,
without  audit,  pursuant to the rules and  regulations  of the  Securities  and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles have been condensed or omitted pursuant to such rules and
regulations.

     In the opinion of the  Company's  management,  the  accompanying  unaudited
consolidated financial statements contain all adjustments,  consisting solely of
those which are of a normal  recurring  nature,  necessary to present fairly its
financial  position as of June 30, 2000,  the results of its  operations for the
three months  ended June 30, 2000 and 1999,  the results of its  operations  and
cash  flows for the six  months  ended  June 30,  2000 and for the  period  from
inception on January 15, 1999 through June 30, 1999 and its  operations and cash
flows for the period from inception on January 15, 1999 through June 30, 2000.

     Interim  results  are not  necessarily  indicative  of results for the full
fiscal year.

     On June 20, 2000, the Company changed its name from Contessa Corporation to
Fullcomm Technologies, Inc.

     Fullcomm, a wholly-owned subsidiary of the Company, was incorporated on May
13, 1999 and is the successor  entity to Fullcomm,  L.L.C., a New Jersey limited
liability  company,  which was formed on January 15,  1999.  This  transfer  was
accounted  for at historical  cost in a manner  similar to a pooling of interest
with the recording of net assets acquired at their historical book value.

     The  Company  is  a  development   stage  company  that  was  organized  to
commercially   exploit  technology  developed  in  connection  with  the  secure
transmission of digital media and other data on the Internet.

NOTE 2 - LOSS PER SHARE

     Basic  loss  per  common  share is  computed  by  dividing  the loss by the
weighted average number of common shares outstanding  during the period.  During
the period from January 15, 1999  through June 30, 1999,  there were no dilutive
securities  outstanding.  During the three months and six months ending June 30,
2000,  shares to be issued upon the  exercise of options  and  warrants  are not
included in the computation of loss per share as their effect is anti-dilutive.



                                      -6-
<PAGE>

NOTE 3 - SIGNIFICANT EVENTS

     On January 21, 2000, Fullcomm entered into a loan agreement with South Edge
International  Limited providing for a loan in the aggregate amount of $100,000.
The loan was  evidenced  by a promissory  note  bearing  interest at the rate of
10.5% per annum. This loan was repaid on April 6, 2000.

     On January 28, 2000, the Company consummated a merger with Fullcomm,  Inc.,
a New Jersey  corporation ("Old Fullcomm").  The Company issued 4,601,100 shares
of Common Stock for all of the outstanding capital of Old Fullcomm.  Pursuant to
the merger,  the shareholders of Old Fullcomm  acquired  majority control of the
Company.   For   accounting   purposes,   the  merger  has  been  treated  as  a
recapitalization  of the  Company  with Old  Fullcomm as the  acquirer  (reverse
acquisition). The merger was completed on March 1, 2000.

     In  connection  with the merger,  the  Company  entered  into two  separate
advisory  agreements.  Pursuant to the  agreements,  the Company  issued 350,000
restricted shares of its Common Stock.

     On March 28, 2000, the Company  consummated a private placement with twelve
investors  pursuant to which such  investors  purchased  an aggregate of 416,000
restricted  shares of the Company's Common Stock, at a price per share of $2.50,
for an aggregate  purchase price of $1,040,000.  The Company paid placement fees
totaling  $140,000 and received net proceeds from the placement of $900,000.  In
connection  with  such  private  placement,  the  Company  became  obligated  to
compensate RK Grace & Company,  as its placement  agent ("RK Grace"),  and Grace
Securities,  Inc., as its consultant ("Grace").  On April 28, 2000, RK Grace and
Grace agreed to reduce certain aspects of their respective fees relating to such
private placement and Merger.  Subsequent to the end of the quarter, on July 21,
2000,  the Company  issued to (i) RK Grace and its  designees  an  aggregate  of
41,600 common stock  purchase  warrants at an exercise  price of $2.75 per share
and to RK Grace an  aggregate of 118,433  restricted  shares of its Common Stock
and (ii) Grace an  aggregate  of 58,333  common  stock  purchase  warrants at an
exercise price of $2.75 per share.

     On June 30, 2000,  the Company  issued 5,000  shares of  restricted  common
stock of the Company as repayment for a shareholder loan aggregating $26,492.



                                      -7-
<PAGE>

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

OVERVIEW

     History and Organization

     Fullcomm  Technologies,  Inc. (the  "Company")  was formed on March 7, 1996
under the name "United Health  Management,  Inc." to operate as a managed health
care  provider.  On September  16,  1997,  the board of directors of the Company
changed  the  business  of  the  Company  to  that  of  a  holding  company  and
subsequently  changed  the  name  of  the  Company  to  "Contessa  Corporation."
Thereafter,  on June 20, 2000,  pursuant to the Merger (as described  below) the
Company changed its name to "Fullcomm Technologies, Inc." During September 1997,
the Company  acquired all of the issued and outstanding  shares of capital stock
of Gastronnomia Bocca Di Rosa, Inc. ("GBDR"), a Florida corporation, in order to
make GBDR the basis of its restaurant  operations.  After the development of the
Company's restaurant business proceeded behind schedule,  the Company decided to
abandon its restaurant  development efforts.  Thereafter,  on February 23, 2000,
after several contingencies and conditions were satisfied,  the Company disposed
of its  interest  in GBDR and  redeemed  its shares of common  stock  which were
issued as consideration for GBDR.

     On January 28, 2000,  the Company  entered  into an  Agreement  and Plan of
Merger that was amended and  restated by an Amended and Restated  Agreement  and
Plan of Merger (the  "Merger  Agreement")  by and among  Fullcomm,  Inc.,  a New
Jersey  corporation and the successor  entity to Fullcomm,  L.L.C., a New Jersey
limited  liability  company  ("Old   Fullcomm"),   Fullcomm   Acquisition  Corp.
("Fullcomm"),  a Delaware corporation and wholly-owned subsidiary of the Company
and the principal  stockholders  of the Company and Old Fullcomm (the "Merger").
Pursuant to the Merger Agreement, Old Fullcomm was merged with and into Fullcomm
with Fullcomm continuing as the surviving entity under the name "Fullcomm, Inc."
and remaining a wholly-owned subsidiary of the Company. The Merger was completed
on March 1, 2000.

     Business of the Company

     The business of the Company is currently  operated  through  Fullcomm.  The
primary business of the Company is to commercially  exploit technology developed
in connection  with the secure  transmission  of digital media and other data on
the Internet.  The Company's  technology combines client-side security hardware,
server-side  security  software and  authentication  party  software in order to
facilitate the secure transmission of any and all digital data via the Internet.

     The Company is a development stage enterprise.  The Company has devoted the
majority of its  efforts to research  and  development,  prototype  development,
production scheduling,  sourcing inventory and its marketing program,  acquiring
additional equipment,  hiring management talent,  inventory and working capital.
These  activities  have been funded by the Company's  management and through the
private  placements of its common  stock.  The Company has not yet generated any
revenues to fund its ongoing operating expenses,  repay outstanding indebtedness
or entirely fund its research and product development  activities.  There can be
no


                                      -8-
<PAGE>

assurance that development of the Company's products will be completed and fully
tested in a timely manner and within the budget  constraints of  management.  In
addition,  there can be no assurance that the Company's  marketing research will
provide a profitable path to utilize the Company's  marketing plans. The Company
believes that further  investments  into its technology  and marketing  research
will reduce the cost of development, preparation and processing of purchases and
orders by enabling the Company to effectively  compete in the electronic  market
place.

     The Company has completed a detailed  schematic of its hardware device. The
device,  in  conjunction  with  proprietary  server-side  software,  client-side
software  and  authentication   party  software  is  expected  to  achieve  data
protection  while  in  transit  and  data  protection  from  duplication  at the
consumers'  personal  computer.  The  device  will  have two  distinct  modes of
operational  security.  The first mode will feature  security in which copyright
protection  is the major  concern.  In this  mode,  a user would be able to view
data, but would be barred from  duplicating  such data. The second mode supports
information sharing over public and private networks and allows authorized users
to access and  manipulate  data files which have been  decrypted at the hardware
device.

     On May 30,  2000,  the Company  entered into an  agreement  with  Intrinsix
Corporation ("Intrinsix"), a Westboro,  Massachusetts-based design center with a
branch  office  located  in  Hazlet,  New  Jersey.  Pursuant  to the  agreement,
Intrinsix will develop a proof-of-concept prototype, expected to be delivered in
the fourth quarter of 2000. The Company intends to commence  Beta-testing of the
proof-of-concept  prototype  upon delivery by Intrinsix.  The Company  estimates
that Beta  testing will take four to six months.  The Company  expects that work
will begin on the end product upon completion of such Beta-testing.

     The Company is  currently  looking for beta test sites that will verify the
proof-of-concept  prototype in a practical applications  environment.  The size,
location, and industry of the beta site has yet to be determined by the Company.
The Company intends to identify potential beta sites and enter into an agreement
for one or more beta sites before the end of the third quarter of this year.

     The  Company  has  entered  into a  letter  of  intent  with  Creative  Web
Solutions, Inc. ("CWS"), a subsidiary of Bradmark, Inc., a Houston,  Texas-based
Internet/Network  Security  Applications  distributor that provides  technically
advanced security solutions to Fortune 500 and 1000 companies.  Under the letter
of  intent,   CWS  will   market  the   Company's   initial   product   for  the
business-to-business applications sector.

     The Company  anticipates  revenues to be generated from licensed technology
products, transaction fees and information services delivered over the Internet,
private  Intranets  or other  networks.  The  Company  expects  that its  online
security system will be used to facilitate the  distribution of information over
the  Internet,  including  music,  movies  and  television  programming,  books,
newspapers and periodicals,  software,  voice  communication  and other areas of
e-commerce,  including financial transactions. The Company also expects that its
technology will be used to secure wireless voice and data transmission.



                                      -9-
<PAGE>

     The Company expects to license its technology to future  business  partners
in order to build digital commerce services and  applications.  The Company also
intends to leverage  such business  partners'  activities as they bring in their
business  partners and customers.  While the Company  expects to receive initial
license fees from such business partners, the Company believes that its revenues
will eventually be derived  primarily from  transaction fees resulting from such
partners'  and  their   customers'   commercial   deployment  of  the  Company's
applications and services.

     Employees

     The Company currently has five employees.  In the near future,  the Company
anticipates the hiring of clerical, sales and marketing, and technical staff.

     Safe Harbor Statement

     Certain  statements  included  in  this  Form  10-QSB,  including,  without
limitation,  statements  regarding the anticipated growth in the markets for the
Company's services,  the continued development of the Company's technology,  the
anticipated longer term growth of the Company's business,  and the timing of the
projects  and  trends  in  future  operating  performance,  are  forward-looking
statements  within the meaning of Section 21E of the Securities  Exchange Act of
1934, as amended.  Such forward  looking  statements  may be identified  by, and
among other things, the use of  forward-looking  terminology such as "believes,"
"expects,"  "may," "will," "should," or "anticipates" or the negative thereof or
other  variations  thereon  or  comparable  terminology,  or by  discussions  of
strategy that involve risks and uncertainties.  The factors discussed herein and
others expressed from time to time in the Company's  filings with the Securities
and  Exchange  Commission  could cause  actual  results and  developments  to be
materially different from those expressed in or implied by such statements.

LIQUIDITY AND CAPITAL RESOURCES

     Overview

     The Company's cash balance was $453,354 and working capital was $382,211 at
June 30, 2000.

     As of June 30, 2000, the Company had a tax loss  carry-forward  of $922,204
to off-set future taxable income. There can be no assurance,  however,  that the
Company  will  be  able  to  take  advantage  of any or all  of  such  tax  loss
carry-forward, if at all, in future fiscal years.

     Financing Needs

     To date,  the Company has not generated  any revenues.  The Company has not
been profitable  since inception,  may incur additional  operating losses in the
future,  and may require  additional  financing to continue the  development and
commercialization  of its  technology.  While  the  Company  does not  expect to
generate  significant revenues from the sale of products in the near future, the
Company  may  enter  into  licensing  or other  agreements  with  marketing  and
distribution partners that may result in license fees or other related revenue.



                                      -10-
<PAGE>

     The Company expects its capital requirements to increase significantly over
the next several  years as it commences  new research and  development  efforts,
undertakes  new product  developments,  increases  its sales and  administration
infrastructure  and embarks on developing  in-house  business  capabilities  and
facilities. The Company's future liquidity and capital funding requirements will
depend on numerous factors,  including, but not limited to, the levels and costs
of the Company's research and development initiatives and the cost and timing of
the expansion of the Company's sales and marketing efforts.

     On January 21, 2000, Fullcomm entered into a loan agreement with South Edge
International  Limited providing for a loan in the aggregate amount of $100,000.
The loan was  evidenced  by a promissory  note  bearing  interest at the rate of
10.5% per annum. This loan was repaid by the Company on April 6, 2000.

     On March 28,  2000,  the Company  consummated  a private  placement  of its
common stock with twelve investors pursuant to which such investors purchased an
aggregate of 416,000  restricted  shares of the Company's common stock,  $0.0001
par value  ("Common  Stock"),  at a price per share of $2.50,  for an  aggregate
purchase price of $1,040,000.  The Company paid placement fees totaling $140,000
and received net proceeds  from the placement of $900,000.  In  connection  with
such private placement,  the Company became obligated to compensate R.K. Grace &
Company,  as its placement agent ("RK Grace") and Grace Securities,  Inc. as its
consultant  ("Grace").  On April 28,  2000,  RK Grace and Grace agreed to reduce
certain aspects of their respective fees relating to such private  placement and
Merger.  Subsequent  to the end of the quarter,  on July 21,  2000,  the Company
issued to (i) RK Grace and its  designees an  aggregate  of 41,600  common stock
purchase  warrants  at an  exercise  price of $2.75 per share and to RK Grace an
aggregate  of 118,433  restricted  shares of its Common  Stock and (ii) Grace an
aggregate of 58,333 common stock purchase warrants at an exercise price of $2.75
per share.

     On June 30, 2000,  the Company  issued 5,000  shares of  restricted  common
stock of the Company as repayment for a shareholder loan aggregating $26,492.

     The Company  anticipates  that it will be able to fund  operations  through
September 30, 2000.  However,  in order to fund its research and development and
commercialization  efforts, including hiring of additional employees, it will be
necessary  for the  Company  to seek to raise  additional  capital  through  the
issuance of  securities  of the Company  during the third  quarter of 2000.  The
Company  currently does not have any formal agreement or understanding  with any
third  party  regarding  any such  offering of  securities,  and there can be no
assurance that any such offering will, in fact,  occur or be consummated.  It is
likely that the current  stockholders will experience  significant and immediate
dilution in their  current  ownership  due to the  issuance of such  securities.
Additional  financing  will  be  required  thereafter  which  may,  if and  when
consummated by the Company, cause further dilution of ownership.



                                      -11-
<PAGE>

RESULTS OF OPERATIONS

Six Months Ended June 30, 2000 and 1999
---------------------------------------

     The Company is a development stage company and revenues for the each of the
quarters  ended June 30,  2000 and June 30,  1999 was zero.  Operating  expenses
consist of general and  administrative  expenses and  research  and  development
expenses.  Operating  expenses during the six months ended June 30, 2000 and the
period from  inception on January 15, 1999  through June 30, 1999 were  $612,608
and $43,648, respectively, an increase of $568,960, or 1,304%.

     General and  administrative  expenses  consist  primarily  of  professional
salaries  and  benefits,   depreciation  and   amortization,   professional  and
consulting  services,   office  rent  and  corporate   insurance.   General  and
administrative expenses during the six months ended June 30, 2000 and the period
from  inception  on January 15, 1999  through  June 30, 1999 were  $498,322  and
$23,277,  respectively,  an increase of  $475,045,  or 2,041%.  The  increase in
general and  administrative  expenses,  resulted  primarily  from a  significant
increase in operating activities.

     Research and  development  expenses  consist of  professional  salaries and
benefits and allocated  overhead  charged to research and development  projects.
Research and development  expenses during the six months ended June 30, 2000 and
the period  from  inception  on January  15,  1999  through  June 30,  1999 were
$114,286  and  $20,371,  respectively,  an  increase of  $93,915,  or 461%.  The
increase  in  research  and  development  expenses  resulted  primarily  from  a
significant increase in operating activities.

Period From Inception on January 15, 1999 through June 30, 2000
---------------------------------------------------------------

     The Company is a development stage company. From inception through June 30,
2000, the Company had no revenues.

     The  Company  has  incurred  losses  each year since  inception  and has an
accumulated  deficit  of  $922,204  at June 30,  2000.  The  Company  expects to
continue to incur losses over,  approximately,  the next two to three years from
expenditures  on research,  product  development,  marketing and  administrative
activities.

     The Company does not expect to generate  significant  revenues from product
sales for,  approximately,  the next two to three years during which the Company
will engage in  significant  research  and  development  efforts.  However,  the
Company  may  enter  into  licensing  or other  agreements  with  marketing  and
distribution  partners  that  may  result  in  license  fees and  other  related
revenues. No assurance can be given, however, that such research and development
efforts will result in any commercially  viable products,  or that any licensing
or other  agreements  with marketing and  distribution  partners will be entered
into and result in revenues.  The  Company's  future  success will depend on its
ability  to   transform   its   research   and   development   activities   into
commercializable products.



                                      -12-
<PAGE>

                           PART II. OTHER INFORMATION.
                           ---------------------------

ITEM 2.     CHANGES IN SECURITIES AND USE OF PROCEEDS.

     On March 28,  2000,  the Company  consummated  a private  placement  of its
common stock with twelve investors pursuant to which such investors purchased an
aggregate of 416,000 restricted shares of the Company's Common Stock, at a price
per share of $2.50, for an aggregate  purchase price of $1,040,000.  The Company
paid  placement  fees  totaling  $140,000 and  received  net  proceeds  from the
placement of $900,000.  In connection with such private  placement,  the Company
became  obligated to compensate RK Grace, as its placement  agent, and Grace, as
its  consultant.  On April 28, 2000, RK Grace and Grace agreed to reduce certain
aspects of their respective fees relating to such private  placement and Merger.
Subsequent to the end of the quarter,  on July 21, 2000,  the Company  issued to
(i) RK Grace and its  designees  an aggregate  of 41,600  common stock  purchase
warrants at an exercise price of $2.75 per share and to RK Grace an aggregate of
118,433  restricted  shares of its Common  Stock and (ii) Grace an  aggregate of
58,333 common stock purchase warrants at an exercise price of $2.75 per share.

     On June 30, 2000,  the Company  issued 5,000  shares of  restricted  common
stock of the Company as repayment for a shareholder loan aggregating $26,492.

     No underwriter  was employed by the Company in connection with the issuance
of the securities described above. The Company believes that the issuance of the
foregoing  securities was exempt from registration under either (i) Section 4(2)
of the  Securities  Act of 1933,  as amended (the "Act"),  as  transactions  not
involving  a public  offering  and such  securities  having  been  acquired  for
investment and not with a view to  distribution,  or (ii) Rule 701 under the Act
as transactions made pursuant to a written compensatory benefit plan or pursuant
to a written  contract  relating to  compensation.  All  recipients had adequate
access to information about the Company.

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

     The Annual  Meeting of  Stockholders  of the  Company  was held on June 20,
2000.

     There  were  present  at the  meeting  in person  or by proxy  stockholders
holding an  aggregate of 5,775,409  shares of Common  Stock.  The results of the
vote taken at such meeting  with  respect to each  nominee for director  were as
follows:

     Common Stock Nominees               For                  Withheld
     ---------------------               ---                  --------

     Brendan Elliott                   5,775,409                     0
     Howard M. Weinstein               5,775,409                     0
     Wayne H. Lee                      5,775,409                     0
     Richard T. Case                   4,200,409             1,575,000
     David Rector                      5,775,409                     0


                                      -13-
<PAGE>

     A vote was taken on the  proposal  to amend the  Company's  Certificate  of
Incorporation  to change  the  Company's  name from  "Contessa  Corporation"  to
"Fullcomm Technologies, Inc.". Of the shares present at the meeting in person or
by proxy,  5,775,409 shares were voted in favor of such proposal, no shares were
voted against such proposal and no shares abstained from voting.

     A vote was taken on the proposal to adopt the Company's 2000 Stock Plan. Of
the shares present at the meeting in person or by proxy,  2,967,150  shares were
voted in favor of such  proposal,  no shares were voted  against such  proposal,
1,575,000   shares  abstained  from  voting  and  there  were  1,233,259  broker
non-votes.

     Finally,  a vote was taken on the  proposal  to ratify the  appointment  of
Goldstein  Golub Kessler LLP as the  independent  accountants of the Company for
the fiscal year ending  December 31, 2000. Of the shares  present at the meeting
in person or by proxy,  4,200,409  shares were voted in favor of such  proposal,
1,575,000  shares were voted against such proposal and no shares  abstained from
voting.

ITEM 5.     OTHER INFORMATION.

     On May 22,  2000,  Richard  T.  Case  resigned  from  his  position  as the
Company's Chief Executive Officer.  He had served in such capacity since January
2000.

     On May 22,  2000,  Howard  M.  Weinstein  was  appointed  to  serve  as the
Company's new Chief Executive  Officer.  From 1989 to April 2000, Mr. Weinstein,
36, was employed by GE Industrial Systems, a division of General Electric, where
he held multiple roles in control engineering,  engineering management,  project
management and product and strategic marketing. Prior to that, Mr. Weinstein was
employed by Newport News  Shipbuilding  where he worked on  instrumentation  and
controls for nuclear  propulsion  systems for aircraft  carriers and fast attack
submarines.  Mr. Weinstein graduated from Virginia Tech in 1986 with a BS degree
in electrical  engineering.  On May 22, 2000, Howard M. Weinstein  succeeded Mr.
Case as the Company's Chief Executive Officer.

     On  June  20,  2000,   subsequent  to  the  Company's   Annual  Meeting  of
Stockholders,  the Company's  Board of Directors (the "Board")  elected  Patrick
O'Meara to the Board. Mr. O'Meara is the Senior Vice President of Private Client
Services of R.K.Grace & Company.  He serves both  institutional  and  individual
investors,  managing public and private equity portfolios. Prior to joining R.K.
Grace & Company,  from  September 1999 to October 1999, Mr. O'Meara was employed
by Bear Stearns & Co. in Boston.  From June 1997 to June 1999,  Mr.  O'Meara was
employed by Raymond James Financial in their Private Client Services  Divisions.
Prior to that,  from June 1995 to June 1997,  Mr.  O'Meara  was  employed by the
Archdiocese of Mobile,  Alabama.  Mr. O'Meara is a member of Legatus, a national
Catholic CEO  organization.  Mr.  O'Meara has degrees in Philosophy and Theology
from Franciscan University of Steubenville.



                                      -14-
<PAGE>

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K.

     (a)    Exhibits.

            3.1    Certificate  of  Amendment  to the  Company's  Certificate of
                   Incorporation

            10.1   2000 Stock Plan of the Company.

            27     Financial Data Schedule for the period ended June 30, 2000.

     (b)    Reports on Form 8-K.

            No reports on Form 8-K were filed during the quarter  for which this
            report on Form 10-QSB is filed.



                                      -15-
<PAGE>

                                   SIGNATURES

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

                                    FULLCOMM TECHNOLOGIES, INC.


DATE:  August 7, 2000           By:  /s/ Howard M. Weinstein
                                    ------------------------------
                                    Howard M. Weinstein,
                                    Chief Executive Officer
                                    (Principal Executive Officer)



DATE:  August 7, 2000           By:  /s/ Wayne H. Lee
                                    ------------------------------
                                    Wayne H. Lee

                                    Executive Vice President
                                    (Principal Financial and Accounting Officer)