FORM 10-QSB
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
ACT OF 1934 For the quarterly period ended: February 28, 1999

Or

[ ] 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: 0-253335

                               EL GRANDE.COM, INC.
             (Exact name of registrant as specified in its charter)

                             NEVADA                88-0409024 
                    (State of incorporation)  (IRS Employer ID No.)

                         1040 Hamilton Street, Suite 308
                         Vancouver, B.C., CANADA V6B 2R9
               (Address of principal executive offices)(Zip Code)

       Registrant's telephone number, including area code: (604) 689 0808

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No

As of April 15,  1999,  the  Registrant  had  10,818,800  shares of Common Stock
outstanding.

Transitional Small Business Disclosure Format (check one);  Yes     No [X]
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN THE GENERAL INSTRUCTIONS AND IS
THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.


<PAGE>



PART I   FINANCIAL INFORMATION

                                ELGRANDE.COM INC.
                                  BALANCE SHEET
                                   (UNAUDITED)
                             See Notes to Financials

                                                           3 Mos Ending
                                                             Feb 28
                                                              1999
--------------------------------------------------------------------------

ASSETS


Current  Assets

    Cash                                                 $      137,331
                                                         ---------------

PROPERTY AND EQUIPMENT

    Computer Hardware                                           181,730

    Furniture and fixtures                                       26,204

    Database and software                                       300,947


                                                         ---------------
                                                                508,881
    Less: Accumulated depreciation                               -2,160

                                                         ---------------
                                                                506,721
                                                         ---------------

OTHER ASSETS

    Deposits                                                     21,969
                                                         ---------------

                                                         $      666,021
--------------------------------------------------------------------------


LIABILITIES  AND STOCKHOLDERS' EQUITY


Current  Liabilities


    Accounts payable                                     $      113,312
    Accrued interest                                                529
    Short term loans payable                                     62,000

                                                         ---------------
                                                                175,841
                                                         ---------------

Long Term Liabilities

    Note Payable                                                 39,543
                                                         ---------------

Stockholders' Equity

       Common stock - $.001 par value

       200,000,000 shares authorized

       10,793,800 shares issued                                  10,813


       Additional paid in capital                             1,046,762

       Subscriptions receivable                                 -38,600

       Accumulated deficit during the development stage        -568,338

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

    Total Stockholders' Equity                                  450,637

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


                                                         $      666,021
--------------------------------------------------------------------------


                 See accompanying notes to financial statements

<PAGE>

                                ELGRANDE.COM INC.
                 STATEMENT OF OPERATIONS AND ACCUMULATED DEFICIT
                                  (UNAUDITED)
                             See Notes to Financials

                                                                  3 Mos Ending
                                                                     Feb 28
                                                                      1999
--------------------------------------------------------------------------------

INCOME                                                         $      -
                                                                 --------------
EXPENSES
  Consulting and Professional fees                                     351,329
  Marketing and public relations                                       114,432
  Rent                                                                  21,830
  Communication and internet fees                                       35,083
  Office and administration                                             24,786
  Travel and entertainment                                              12,904
  Interest                                                                 529
  Depreciation and amortization                                          7,445
                                                                 --------------

                                                                       568,338
                                                                 --------------

NET LOSS                                                              -568,338

ACCUMULATED DEFICIT, BEGINNING BALANCE                                     -
                                                                 --------------

ACCUMULATED DEFICIT, ENDING BALANCE                            $      -568,338
                                                                 ==============


   NET LOSS PER COMMON SHARE                                   $       (0.053)
                                                                 ==============

   WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING                     9,436,725
                                                                 ==============

<PAGE>


                               ELGRANDE.COM INC.
                       NOTES TO THE FINANCIAL STATEMENTS
                                  (UNAUDITED)
                               February 28, 1999
                            See Notes to Financials

1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Elgrande.com Inc., formerly Intellicom Internet Corp (hereinafter "the Company")
was  incorporated in April 1998 under the laws of the State of Nevada  primarily
for the purpose of developing and marketing internet applications,  specifically
for books,  software,  audio and video media and computer games. The name change
to Elgrande.  com Inc was effective on September 19, 1998. The Company maintains
an office in Vancouver,  British Columbia. The head office and registered office
of the Company is Las Vegas Nevada.

The  Company  is in  development  stage,  and as of  November  30,  1998 had not
realized any significant revenues from its planned operations.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of Elgrande.com Inc is presented
to assist in understanding  the Company's  financial  statements.  The financial
statements and notes are  representations  of the Company's  management which is
responsible  for their  integrity and  objectivity.  These  accounting  policies
conform to generally accepted  accounting  principles and have been consistently
applied in the preparation of the financial  statements.  The interim  Financial
Statement  include  all  adjustments  which in the  opinion  of  management  are
necessary to make the Financial Statements not misleading.

3. Development Stage Activities

The Company has been in development  stage since its formation on April 8, 1998.
It is primarily engaged in developing and marketing internet applications.

Going Concern
-------------

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern.

As shown in the accompanying  financial  statements,  the Company incurred a net
loss of $568,338 for the period ending  February 28, 1999. At February 28, 1999,
current  liabilities  exceed  current  assets by $38,510.  The Company,  being a
development  stage enterprise,  is currently  putting  technology in place which
will, if successful,  mitigate these factors which raise substantial doubt about
the Company's ability to continue as a going concern.  The financial  statements
do not include any adjustments relating to the recoverability and classification
of recorded assets, or the amounts and  classification of liabilities that might
be necessary in the event the Company cannot continue in existence.

Management  has  established  plans  designed to increase sales of the Company's
products.  Management  intends to seek new  capital  from new equity  securities
issuances  that will provide funds needed to increase  liquidity,  fund internal
growth and fully implement its business plan.

Accounting Method
-----------------

The Company's  financial  statements  are prepared  using the accrual  method of
accounting.

Loss Per Share
--------------

Loss per share was  computed by dividing  the net loss by the  weighted  average
number of shares  outstanding  during the period. The weighted average number of
shares was  calculated by taking the number of shares  outstanding  and weighing
them by the amount of time they were outstanding.

<PAGE>

Provision for Taxes
-------------------

At  February  28,  1999,  the Company had net  operating  loss of  approximately
$568,338.  No  provision  for  taxes or tax  benefit  has been  reported  in the
financial  statements,  as there is not a measurable  means of assessing  future
profits or losses.

Use of Estimates
----------------

The process of preparing  financial  statements  in  conformity  with  generally
accepted  accounting  principles  requires the use of estimates and  assumptions
regarding certain types of assets,  liabilities,  revenues,  and expenses.  Such
estimates  primarily relate to unsettled  transactions and events as of the date
of the financial statements.  Accordingly,  upon settlement,  actual results may
differ from estimated amounts.

3. PROPERTY AND EQUIPMENT

Property and equipment are stated at cost.  Depreciation  and  amortization  are
provided  using the straight line method over the estimated  useful lives of the
assets.  The useful  lives of  property,  plant and  equipment  for  purposes of
computing  depreciation and amortization are five and seven years. The following
is  a  summary  of  property,   equipment  and  accumulated   depreciation   and
amortization.

                            Cost                       Accumulated Depreciation
                                                       Or Amortization
--------------------------------------------------------------------------------
Computer Hardware          181,730                            1,915
Furniture and fixtures      26,204                              245
Database and software      300,947                              -
                           -------                           -------       
                           508,881                            2,160
                           =======                            =====

The database is expected to be completed in April,  1999, and amortization  will
begin at that time.

4.  INTANGIBLE ASSETS

During the period ending February 28, 1999, the Company incurred  organizational
costs of $106,000 which in accordance with current accounting policy,  have been
fully expensed.

<PAGE>

5.  COMMON STOCK

Upon incorporation,  4,000,000 shares of common stock were distributed at $0.001
per share to the board of directors  for $4,000.  The second share  issuance was
for 5,000,000 common shares at $0.01 per share for $50,000.  Under Regulation D,
Rule 504, 943,800 shares of common stock were issued at $1.00 per share for cash
and  subscriptions.  At February 28, 1999,  $38,600 in stock  subscriptions were
receivable and paid in March '99.

In September 1998, the Company adopted the  Elgrande.com  Inc 1998 Directors and
Officers Stock Option Plan, a  non-qualified  plan. This plan allows the Company
to  distribute  up to 1,000,000  shares of common stock to officers,  directors,
employees  and  consultants  through  authorization  of the  Company's  Board of
Directors. As of February 28, 1999, no options have been issued.

In the period ending February 28, 1999, the Company issued 850,000 common shares
of stock to consultants for a value of $50,000.  These shares are restricted and
will begin to vest in April,  1999 with 20% of shares vesting every six months
until the consultants are fully vested in their shares.

6.  RELATED PARTIES

Certain consultants which received common stock as part of the 850,000 issued to
consultants, are related to the Company's directors and stockholders. A total of
187,500 common shares were issued to family members who provided services to the
Company.

7.  COMMITMENTS AND CONTINGENCIES

Lease Commitments
-----------------

The Company leases office space in Vancouver,  B.C.  Canada from Yaletown Centre
Investment Ltd for $2,347.50 per month. The lease is effective from September 1,
1998 to August 31, 2001. The terms of the lease required the Company to give the
lessor a $3,600 refundable  security deposit.  Future minimum rental commitments
under the operating lease are as follows;

Year Ending  November 30, 1999                       28,170
Year Ending November 30, 2001                        28,170
Year Ending November 30, 2001                        21,128
                                                     ------
                                                     77,468
                                                     ======

Database Development
--------------------

The Company's  purchase  commitment  for services to develop a database  totaled
$247,000  plus  expenses.  The balance  owing at February  28, 1999  amounted to
$57,000 and the vendor has agreed to defer payment until June 1999. This will be
paid either in cash or in common stock.

<PAGE>

8.  TRANSLATION OF FOREIGN CURRENCY

The Company  has  adopted  Financial  Accounting  Standard  No 52. The  Canadian
foreign  exchange  rate has  remained  approximately  the same  since  inception
therefore,  there are no material  exchange rate transaction gains or losses. In
the future,  the  Company  will record such  transactions  in the  Statement  of
Stockholders' Equity.

9.  CONCENTRATION OF CREDIT RISK FOR CASH HELD AT BANKS

The Company  maintains cash balances at two banks.  Accounts at each institution
are insured by Federal Deposit Insurance Corp up to $100,000.  No institution is
currently holding cash in excess of insurance coverage.

10.  LONG-TERM DEBT

The  Company's  long-term  debt  consists  of a note  secured by  furniture  and
computers for $47,000. The terms of this agreement call for a balloon payment of
all principle on November 30, 2000. The Company's management expects to pay this
amount by the due date of the loan,  which does not contain a stipulated rate of
interest. Upon origination the estimated current value of this debt was $39,543.
Imputed interest accrued at 8% per annum from September 15, 1998 to November 30,
1998 was $529. This was not adjusted for February 28, 1999.

<PAGE>

                                ELGRANDE.COM INC.
                             STATEMENT OF CASH FLOWS
                                  (UNAUDITED)
                             See Notes to Financials

                                                            3 Mos Ending
                                                               Feb 28
                                                                1999
--------------------------------------------------------------------------


CASH FLOWS PROVIDED (USED) IN OPERATIONS

    Net Income (loss)                                   $        -568,338

    Depreciation and amortization                                   7,445

    Increase in:
         Accounts and loans payable                               147,570
         Loans payable                                             62,000
         Accrued interest                                             529

                                                          ----------------
    Net cash used in operating activities                        -350,794

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

Cash Flows from investing activities:

    Purchase of property and equipment                           -508,881

    Deposit on leased property and other                          -21,969

                                                          ----------------
                                                                 -530,850
                                                          ----------------
Cash flows from financing activities

    Issuance of stock                                           1,018,975
                                                          ----------------

Net Increase in cash                                              137,331


Cash, beginning of period                                        -

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

Cash, end of period                                     $         137,331

                                                          ================


SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

       Interest                                              $        -
       Income taxes                                          $        -

NON-CASH INVESTING ACTIVITIES

      Note issued for purchase of property and equipment     $          39,543

      Consulting fees paid for in common stock                          50,000
                                                                ----------------
                                                             $          89,543
                                                                 ===============
<PAGE>



<TABLE>
<CAPTION>


                                ELGRANDE.COM INC.
                        STATEMENT OF STOCKHOLDERS' EQUITY
                                  (UNAUDITED)
                                February 28, 1999



                                                                                                      3 Mos Ending
                                                                                                         Feb 28
                                                                                                          1998
--------------------------------------------------------------------------------------------------------------------

                                                                          Additional                      Total
                                                Common Stock              Paid - In     Accumulated    Stockholders
                                             Shares        Amount         Capital         Deficit        Equity
--------------------------------------------------------------------------------------------------------------------
<S>                                         <C>             <C>          <C>             <C>             <C>
Issuance of common stock in April, 1998:

    For cash at $0.01 per share              4,000,000       4,000   $     -         $     -         $     4,000
    For cash at $0.01 per share              5,000,000       5,000          45,000         -              50,000

Issuance of common stock in Sept.98
    For services at $0.06 per share            850,000         850          49,150         -              50,000

Issuance of common stock in Nov '98

    For cash and subscription at $1.00
    per share, less expense of $9,010          943,800         963         952,612                       953,575

Subscriptions receivable                                                                                 -38,600

Loss for period to Feb 28, 1999                                                         -568,338        -568,338

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

                                            10,793,800      10,813       1,046,762      -568,338         450,637
                                            ========================================================================      
</TABLE>


<PAGE>




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

The following  analysis of the results of operations and financial  condition of
the  company  should  be read in  conjunction  with the  consolidated  financial
statements,  including the notes thereto,  of the company contained elsewhere in
the form 10-qsb.

Overview

Elgrande.com  Inc. (the  "Company") is in the final stages of  development of an
Internet  application  that will enable  consumers to locate and purchase  goods
sold directly by producers and manufacturers, thus avoiding the distribution and
retail costs of acquiring merchandise.

In August,  1998,  the Company  commenced  the  creation of a web based  contact
management system which will enable the Company to manage contacts, clients, and
customers  located  anywhere in the world through the use of the Internet.  This
included the development and deployment of a central data base system which will
allow the  Company  to  display on its site  descriptive  web pages of  products
available through its distributor, Baker & Taylor.

The Company  has not as yet  activated  its  website but fully  expects to be in
operation by April 30, 1999.

The Company maintains an operational office in Vancouver, B.C. where its team of
employees and consultants is developing the website and distribution channels.

Results Of Operations

There are no  revenues  as of  February  28,  1999 as the Company has not as yet
activated its website.  The Company  expects to go live with its site by the end
of April, 1999 and the revenue stream will commence at that time.

A summary of expenses to February 28, 1999 is as follows:

                  Consulting and Professional fees    351,329
                  Marketing and public relations      114,432
                  Communication and internet fees      35,083
                  Other                                67,494
                                                      -------

                                                      568,338
                                                      =======

The Company  established a budget in order to have  sufficient  funds to develop
the web based contact  management  system, and the central data base which holds
product data.  To date,  costs have been within the  established  budget and the
company has sufficient funds to proceed to activation of its website.

<PAGE>

The contract  with McDonald & Harris for the  customization  of the data base is
now complete and McDonald & Harris have agreed to  settlement  of the balance of
their  contract  in June,  1999 either by payment of cash or the  equivalent  in
common shares.  While the initial data base  construction is complete,  it is in
reality an ongoing project.

The Company  currently  employees 12 people and has 9 consultants under contract
who carry out various provide various services.


Liquidity And Capital Resources

To date,  the Company has financed its  development  stage by the sale of common
stock. At February 28, 1999, the Company had 10,793,800  shares  outstanding and
had raised  slightly in excess of  $1,000,000.  These funds were used to acquire
fixed assets including computer  equipment and the data base and software.  This
used  approximately  one-half of the funds raised with the balance being used to
finance the losses to date. Revenues are expected in the month of May, 1999. The
Company has  $137,000 on hand at February 28, 1999 and is in the final stages of
completion of a private  placement of 300,000  common shares at $3.00 per share.
This private placement is being done with a single  accredited  investor located
in  London  England.  This is  expected  to close by April 30,  1999.  This will
provide the Company with an additional  $900,000 in working capital and increase
its cash on hand to $1,037,000.

The  Company  maintains  cash  equivalents  with  a  large  Canadian   financial
institution and a large U.S. financial institution. Excess cash will be invested
in highly liquid investments that are readily convertible into cash.

The  Company  has  sufficient  cash  to  finance  its  operations.  While  staff
requirements will continue to grow, the Company does not anticipate any problems
in the financing of this growth.

The inventory  data base  developed to date is in excess of 2,500,000  products,
being books, music, video and software titles. It is the intention of management
to increase this product list substantially.

In the next 12 months  the  Company  intends  to  acquire  additional  data base
servers , web servers and routers.  This equipment will be acquired as financing
or cash on hand is available.  This is not expected to exceed $500,000 and would
be acquired over the next 12 months.


Year 2000 Computer Software Conversion

All  computer  equipment  owned by the Company has been  acquired in the past 12
months.  Because this  equipment is not considered to be a problem for Year 2000
concerns the same assurance  cannot be given for third party equipment for which
the Company has no control.

<PAGE>

While the Company is confident that its systems will be compatible, no assurance
can be given that this will not impact the Company's results of operations.

Part II - Other Information

Item 1 - Legal Proceedings: There are no proceedings to report.

Item 2. - Changes in Securities: None

Item 3. - Default Upon Senior Securities: There are no defaults to report.

Item 4. - Submission of Matters to a Vote of Security Holders: None

Item 5. - Other Information: None

Item 6. - Exhibits and Reports on Form 8-K: None


<PAGE>


SIGNATURES

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

EL GRANDE.COM, INC.

Dated: April 15, 1999

/s/ JAMES WEST
James West, President

/s/ CARLTON J. PARFITT
Carlton J. Parfitt, Chief Financial Officer

<PAGE>