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 six month period  ended:  May 31,
     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 July 15,  1999,  the  Registrant  had  11,118,800  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.
                         ( A Development Stage Company)

                              FINANCIAL STATEMENTS
                  Unaudited - See Notes to Financial Statements

                                  MAY 31, 1999


<PAGE>
--------------------------------------------------------------------------------

                                ELGRANDE.COM INC.
                                  BALANCE SHEET
                             See Notes to Financials
                                   (unaudited)
                                               6 Mos Ending   Period ending
                                                  May 31       November 30
                                                    1999         1998
--------------------------------------------------------------------------------

ASSETS

Current  Assets
    Cash                                        $  361,263      236,350
    Amounts receivable and prepaid expenses         89,981       -
                                                ----------------------------
                                                   451,244      236,350
PROPERTY AND EQUIPMENT
    Computer Hardware                               82,292       38,407
    Furniture and fixtures                          27,223       20,878
    Database and software                          408,370      296,408
                                                ----------------------------
                                                   517,885      355,693
    Less: Accumulated depreciation                 (12,434)      (2,160)
                                                ----------------------------
                                                   505,451      353,533

OTHER ASSETS
    Deposits                                        43,460        3,600
    Organization costs, net of amortization          -          100,715
                                                ----------------------------
                                                    43,460      104,315
                                                ----------------------------

    TOTAL ASSETS                                $ 1,000,155     694,198
================================================================================


LIABILITIES  AND STOCKHOLDERS' EQUITY

Current  Liabilities

    Accounts payable                            $   34,679      234,189
    Accrued interest                                   529          529
    Short term loans payable                       112,000       90,000
                                                ----------------------------
                                                   147,208      324,718
                                                ----------------------------
Long Term Liabilities
    Note Payable                                    39,543       39,543
                                                ----------------------------

    TOTAL LIABILITIES                              186,751      364,261
                                                ----------------------------

Stockholders' Equity
       Common stock - $.001 par value
       200,000,000 shares authorized
       11,118,800 shares issued                     11,119       10,794

       Additional paid in capital                 1,952,671   1,027,996
       Subscriptions receivable                                (538,050)
       Accumulated deficit during the development (1,150,386)  (170,803)
                                                ----------------------------

    Total Stockholders' Equity                     813,404      329,937
                                                ----------------------------


    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $ 1,000,155     694,198
================================================================================

                 See accompanying notes to financial statements

<PAGE>


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

                                ELGRANDE.COM INC.
                 STATEMENT OF OPERATIONS AND ACCUMULATED DEFICIT
                             See Notes to Financials
                                   (Unaudited)
                                                6 Mos Ending   Period Ending
                                                   May 31       November 30
                                                    1999           1998
--------------------------------------------------------------------------------


INCOME                                          $    -           -
                                                ----------------------------

EXPENSES
    Consulting and Professional fees               549,586      107,028
    Marketing and public relations                 156,718       18,217
    Rent                                            27,800        9,965
    Communication and internet fees                 49,969       14,237
    Office and administration                       41,191        8,403
    Salaries                                        59,374       -
    Travel and entertainment                       104,156        5,224
    Interest                                         -              529
    Foreign currency translation (gain) loss       (14,100)      -
    Depreciation and amortization                    4,889        7,200
                                                ----------------------------
                                                   979,583      170,803
                                                ----------------------------

NET LOSS                                          (979,583)    (170,803)

ACCUMULATED DEFICIT, BEGINNING BALANCE            (170,803)      -

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

ACCUMULATED DEFICIT, ENDING BALANCE             $ (1,150,386)  (170,803)
                                                ============================


    NET LOSS PER COMMON SHARE                   $  (0.0881)     (0.0181)
                                                ============================

    WEIGHTED AVERAGE NUMBER OF SHARES
    OUTSTANDING                                 11,118,800    9,436,725
                                                ============================


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


                 See accompanying notes to financial statements
<PAGE>


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

                                ELGRANDE.COM INC.
                             STATEMENT OF CASH FLOWS
                             See Notes to Financials
                                   (unaudited)
                                               6 Mos Ending    Period Ending
                                                   May 31        November 30
                                                    1999           1998
------------------------------------------------------------------------------


CASH FLOWS PROVIDED (USED) IN OPERATIONS
    Net Income (loss)                           $ (979,583)    (170,803)

    Depreciation and amortization                    4,889        7,445
    Net change in:
         Accounts and loans payable               (199,510)      59,989
        Amounts receivable and prepaid expenses    (89,981)
         Loans payable                                           90,000
         Over-subscriptions payable                 22,000
         Accrued interest                                0          529
                                                ----------------------------
    Net cash used in operating activities         (1,242,185)   (12,840)
                                                ----------------------------

Cash Flows from investing activities:
    Purchase of property and equipment             (50,130)    (141,950)
    Deposit on leased property and other           (39,860)      (3,600)
    Additions to database                         (111,962)
    Writeoff, (payment) on organizational costs    106,000     (106,000)
                                                ----------------------------
                                                   (95,952)    (251,550)
                                                ----------------------------
Cash flows from financing activities
    Issuance of stock                             1,463,050     500,740
                                                ----------------------------

Net Increase (decrease) in cash                    124,913      236,350

Cash, beginning of period                          236,350       -
                                                ----------------------------

Cash, end of period                             $  361,263      236,350
                                                ============================


SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

         Interest                               $    -           -
         Income taxes                           $    -           -

NON-CASH INVESTING ACTIVITIES
        Note issued for purchase of property
        and equipment                           $   39,543       39,543
        Purchase commitment for database             -          174,200
                                                ----------------------------
                                                $   39,543      213,743
                                                ============================


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

                 See accompanying notes to financial statements


<PAGE>


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


                                ELGRANDE.COM INC.
                        STATEMENT OF STOCKHOLDERS' EQUITY
                                  May 31, 1999
                                   (unaudited)

                                                                    6 Mos Ending
                                                                       May 31
                                                                        1999
--------------------------------------------------------------------------------

                                             Additional               Total
                           Common Stock      Paid -In   Accumulated Stockholders
                        Shares       Amount   Capital     Deficit     Equity
                      ----------------------------------------------------------

Opening balance        10,793,800  $ 10,794  $ 1,027,996$  (170,803)   867,987

Issuance of common
  stock-Dec '98 for
  services at $1.00
  per share                25,000        25       24,975                25,000

Issuance of common
  stock May '99
    For cash and
    subscription at
    $1.00 per share,
    less expense of       300,000        300    899,700                900,000

Loss for period
  to May 31, 1999                                          (979,583)  -979,583
                      ----------------------------------------------------------
                       11,118,800     11,119  1,952,671  (1,150,386)   813,404
                       ==========     ======  =========  ==========    =======



<PAGE>

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

                                ELGRANDE.COM INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                  May 31, 1999
                             See Notes to Financials
                                   (unaudited)
--------------------------------------------------------------------------------


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 operations 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 May 31, 1999 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  theCompany'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. These statements include all adjustments which in the opinion of
    management  are  necessary  in order that the  financial  statements  not be
    misleading.  This statement is the results for the second quarter ending May
    31,  1999.  The company  intends to change its fiscal year end to May 31, in
    order to reflect its business cycle.

    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 $979,583  for the six month period  ending May 31 1999.  At May
     31, 1999, the working capital position  amounted to $304,036.  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>

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

                                ELGRANDE.COM INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                  May 31, 1999
                             See Notes to Financials
                                   (unaudited)
--------------------------------------------------------------------------------


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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

    At May 31,  1999,  the  Company  had  net  operating  loss of  approximately
    $979,583. This brings the accumulated deficit to $1,150,386.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.

                                                     Accumulated Depreciation
                                    Cost                  or Amortization
                                ------------        ------------------------

    Computer Hardware         $      82,292            $   10,232
    Furniture and fixtures           27,223                 2,202
    Database and software           408,370                 -
                              ---------------          --------------
                              $     517,885            $   12,434
                              ===============          ==============


    The  database  was  completed  May 31,  1999 and the  company  was  ready to
    commence  business  June 2, 1999.  Depreciation  will commence in the fiscal
    year commencing June 1, 1999.

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

4.  INTANGIBLE ASSETS

    During  the  period  ending   November  30,  1998,   the  Company   incurred
    organizational  costs of $106,000.  Since that date,  policy  regarding  the
    capitalization of organization costs have changed,  and the balance has been
    written off.

<PAGE>


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

                                ELGRANDE.COM INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                  May 31, 1999
                                   (unaudited)

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.

    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 May 31, 1999, no options have been issued.

    In December  1998,  25,000 common  shares were issued for services.  In May,
    1999 a private  placement  of 300,000  common  shares at $3.00 per share was
    completed.  These shares have warrants attached allowing for conversion into
    common shares at: 300,000 at $7.50, 300,000 at $15.00 and $300,000 at $25.00
    per share. No warrants have been exercised at May 31, 1999.



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

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 $6,000 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  May 31, 2000              $   96,000
         Year Ending  May 31, 2001                  96,000
         Year Ending  May 31, 2002                  96,000
                                                  ---------
                                                $  288,000
                                                  =========

    DATABASE DEVELOPMENT

    The Company's purchase commitment for services to develop a database totaled
    $408,370  plus  expenses.  The  balance  owing at May 31,  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>


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

                                ELGRANDE.COM INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                  May 31, 1999
                                   (unaudited)

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 May 31, 1999.


<PAGE>


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

<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") was  incorporated  in April 1998 to create a
group of technologies  that will  collectively be known as the Shop  Engine(TM).
The "Shop Engine" is a group of software  programs that,  when made available to
consumers through a network like the world wide web, enables retail consumers to
purchase  products  directly from  distributors  and  manufacturers  without the
necessity for a retail storefront.

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.

Effective  June 2, 1999,  the company  commenced  operation of its web site on a
test mode basis. The Company  anticipates a full launch of its site in September
1999.

Elgrande.com Inc is a U.S.  corporation,  and through a wholly owned subsidiary,
maintains it's operations and web site development in Vancouver, B.C.


RESULTS OF OPERATIONS

There are no revenues as of May 31, 1999 as the Company has not as yet activated
its web site. The Company  activated its web site for test purposes in June 1999
and expects to have a full launch of its web site by September 15, 1999.

A summary of expenses to May 31, 1999 is as follows:

       Consulting and Professional fees             549,586
       Marketing and public relations               156,718
       Communication and internet fees               49,969
       Administration and other                     223,310
                                                    -------

                                                   $979,583
                                                   ========

The Company  budgeted  its cash  requirements  in order to develop the web based
contact  management  system, and the central data- base that holds product data.
To date,  costs have been  within the  established  budget,  and the company has
sufficient  funds  to  proceed  to  activation  of its web  site.  The  site was
activated on June 2, 1999 for test purposes.

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 16 people, and has 8 consultants under contract,
providing various services.

The Company  intends to change its fiscal  year end to May 31, to more  properly
reflect its business cycle. Accordingly, the Company will be filing a 10K report
within the time  period  allowed  for  filing re a May 31,  1999  year-end.  The
previous year-end was November 30.


LIQUIDITY AND CAPITAL RESOURCES

To date,  the Company has financed its  development  stage by the sale of common
stock.  At May 31, 1999, the Company had 11,118,800  shares  outstanding and had
raised  approximately  $2,000,000.  These  funds were used mainly to develop the
data-base site, and purchase  computer  equipment and software.  The Company has
$361,000  on hand at May 31,  1999 and  expects to  continue  to raise  funds by
private placement.

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.


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
concern;  the same assurance cannot be given for third party equipment for which
the Company has no control.

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: July 14, 1999

/s/  RANDAL PALACH
------------------
Randal Palach, President, Chief Executive Officer

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