UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB


(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES EXCHANGE
      ACT OF 1934

For the quarterly period ended              December 31, 1999
                               -------------------------------------------------

( )   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              0-25541
                       -----------------------------------------


                             CIGAR KING CORPORATION
          ------------------------------------------------------------
               (Exact name of registrant as specified in charter)


                  Nevada                                           91-1948357
--------------------------------------------                       ----------
      (State or other jurisdiction of                          (I.R.S. Employer
       incorporation or organization)                        Identification No.)

825 - 1200 West 73rd Avenue
Vancouver, BC, Canada                                                V6P 6G5
------------------------------------                             ---------------
(Address of principal executive offices)                           (Zip Code)

                                  604-267-1100
           ----------------------------------------------------------
               Registrant's telephone number, including area code

      ---------------------------------------------------------------------
      (Former name, address, and fiscal year, if changed since last report)

         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),  Yes [X] No [ ] and ( ) has been
subject to filing requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the last practicable date.

            Class                               Outstanding as of March 26, 2000
-----------------------------------             --------------------------------
 Common Stock, $0.001 per share                            10,535,000

<PAGE>
<TABLE>
<CAPTION>

                                      INDEX

                                                                                             Page
                                                                                           Number
                                                                                           ------
<S>                                                                                         <C>
PART 1.

         ITEM 1.  Financial Statements (unaudited).........................................    3

                  Balance Sheet as at December 31, 1999....................................    4

                  Statement of Operations
                     For the three  months ended  December 31, 1999 and
                        for the three  months  ended  December 31, 1998
                        and for the period  from  October 8, 1998 (Date
                        of   Incorporation)   to   December   31,  1999....................    5

                   Statement of Changes in Shareholders' Equity
                     For the period from October 8, 1998 (Date of
                        Incorporation) to December 31, 1999...............................     6

                   Statement of Cash Flows
                     For  the three months ended December 31, 1999 and
                        for the three months ended December 31, 1998
                        and for the  period  from  October  8,  1998
                        (Date of Incorporation) to December 31, 1999.......................    7

                   Notes to the Financial Statements.......................................    8

         ITEM 2.   Plan of Operations......................................................   10


PART 11            Signatures..............................................................   11

</TABLE>




                                       2
<PAGE>

                         PART 1 - FINANCIAL INFORMATION

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

                          ITEM 1. FINANCIAL STATEMENTS

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

The accompanying  balance sheet of Cigar King  Corporation (a development  stage
company) at December 31, 1999 and the statement of  operations  and statement of
cash flow for the three  months ended  December  31, 1999,  for the three months
ended  December  31,  1998 and for the  period  from  October  8, 1998  (date of
incorporation)  to December 31, 1999 and the statement of  stockholders'  equity
for the period from October 8, 1998 (date of incorporation) to December 31, 1999
have been  prepared  by the  Company's  management  and they do not  include all
information  and notes to the  financial  statements  necessary  for a  complete
presentation of the financial position,  results of operations,  cash flows, and
stockholders'   equity  in  conformity   with  generally   accepted   accounting
principles.  In the opinion of management,  all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

Operating  results for the quarter ended December 31, 1999, are not  necessarily
indicative of the results that can be expected for the year ending September 30,
2000.





                                       3
<PAGE>
                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                                  BALANCE SHEET

                                December 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                        DECEMBER 31,   September 30,
                                                           1999            1999
                                                           ----            ----
<S>                                                          <C>         <C>
ASSETS

CURRENT ASSETS

     Bank                                                    $  2,788    $  8,024
     Accounts receivable                                          128         128
                                                             --------    --------

                                                                2,916       8,152

OTHER ASSETS

    Rights to Cigar King concept - Note 3                      50,000      50,000
                                                             --------    --------

                                                             $ 52,916    $ 58,152
                                                             ========    ========

LIABILITIES

      Accounts payable and accrued liabilities               $  3,250    $  4,500
                                                             --------    --------

STOCKHOLDERS' EQUITY

     Common stock
           200,000,000 shares authorized, at $0.001 par
           value, 10,535,000 shares issued and outstanding     10,535      10,535

     Capital in excess of par value                            67,215      67,215

     Deficit accumulated during the development stage         (28,084)    (24,098)
                                                             --------    --------

           Total Stockholders' Equity                          49,666      53,652
                                                             --------    --------

                                                             $ 52,916    $ 58,152
                                                             ========    ========
</TABLE>



              The accompanying notes are an integral part of these
                        unaudited financial statements.


                                       4
<PAGE>

                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS

       For the three months ended December 31, 1999, for the three months
                    December 31, 1998 and for the period from
            October 8, 1998 (Date of Inception) to December 31, 1999

                      (Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

                                         FOR THE THREE  For the Three  From Inception
                                         MONTHS ENDED   Months Ended         To
                                         DECEMBER 31,   December 31,    December 31,
                                             1999           1998            1999
                                             ----           ----            ----
<S>                                             <C>           <C>           <C>
SALES                                     $      --     $      --     $      --
                                          -----------   -----------   -----------

GENERAL  AND  ADMINISTRATIVE  EXPENSES:

     Accounting and audit                       1,000         5,000         9,700
     Bank charges and interest                     22           115           207
     Consulting                                 1,500         3,950         5,450
     Filing fees                                  564           --          1,984
     Legal                                        --          2,500         2,530
     Office and adminstrative expenses            900           214         2,103
     Telephone                                    --             --           450
     Transfer agent's fees                        --          2,965         3,160
     Travel                                       --          2,000         2,000
     Website fees                                 --             --           500
                                          -----------   -----------   -----------

NET LOSS                                  $     3,986   $    16,744   $    28,084
                                          ===========   ===========   ===========


NET LOSS PER COMMON SHARE

     Basic                                $    0.0075     $ 0 .0035   $    0.0030
                                          ===========   ===========   ===========


AVERAGE OUTSTANDING SHARES

     Basic                                 10,535,000     4,850,952     9,471,415
                                          ===========   ===========   ===========
</TABLE>


              The accompanying notes are an integral part of these
                        unaudited financial statements.



                                       5
<PAGE>

                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

             For the period from October 8, 1998 (Date of Inception)
                              to December 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>

                                                                                               CAPITAL IN
                                                                    COMMON  STOCK               EXCESS OF         ACCUMULATED
                                                                 SHARES         AMOUNT          PAR VALUE           DEFICIT
                                                                 ------         ------          ---------           -------
<S>                                                          <C>             <C>                 <C>           <C>
BALANCE OCTOBER 8, 1998 (date of inception)                           --     $        --         $     --      $        --

Issuance of common shares for cash at
   $0.002 - November 20, 1998                                  4,500,000           4,500               --               --

Issuance of common shares for cash at
   $0.01 - November 25, 1998                                   6,000,000           6,000           54,000               --

Issuance of common shares for cash at
   $0.25 - December 4, 1998                                       35,000              35            8,715               --

Net operating loss for the period from
   Operating 8, 1998 to December 31, 1999                             --              --               --          (28,084)

                                                              ----------      ----------        ---------      -------------
BALANCE DECEMBER 31, 1999                                     10,535,000      $   10,535        $  62,715      $   (28,084)
                                                              ==========      ==========        =========      =============


</TABLE>





              The accompanying notes are an integral part of these
                        unaudited financial statements.



                                       6
<PAGE>





                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS

    For the three months ended December 31, 1999, for the three months ended
            December 31, 1998 and for the period from October 8, 1998
                    (Date of Inception) to December 31, 1999

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>

                                                                FOR THE THREE          For the Three        From Inception
                                                                MONTHS ENDED            Months Ended               To
                                                                DECEMBER 31,            December 31,         December 31,
                                                                   1999                    1998                   1999
                                                                   ----                    ----                   ----
<S>                                                              <C>                     <C>                     <C>
     CASH FLOWS FROM
        OPERATING ACTIVITIES:

         Net loss                                                $   (3,986)             $   (16,744)            $  (28,084)

          Adjustments to reconcile net loss to net cash
             provided by operating activities:

             Increase in accounts receivable                             --                   (1,250)                  (128)
             Increase in accounts payable                               300                    9,259                  3,250
                                                                   --------             ------------              ---------

                 Net Cash from Operations                            (2,661)                  (8,735)               (24,962)
                                                                   --------             ------------              ---------

     CASH FLOWS FROM INVESTING
        ACTIVITIES:

          Purchase of Rights to Cigar King concept                       --                  (50,000)               (50,000)
                                                                   --------             ------------              ---------

     CASH FLOWS FROM FINANCING
        ACTIVITIES:

           Proceeds from issuance of common stock                        --                   77,750                 77,750
                                                                   --------             ------------              ---------

           Net Increase in Cash                                      (2,661)                  19,015                  2,788

           Cash at Beginning of Period                               11,440                       --                     --
                                                                   --------             ------------              ---------

           CASH AT END OF PERIOD                                   $  8,779             $     19,015              $   2,788
                                                                   ========             ============              =========

</TABLE>




              The accompanying notes are an integral part of these
                        unaudited financial statements.


                                       7
<PAGE>

                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 1999

                      (Unaudited - Prepared by Management)


1.       ORGANIZATION

         The Company was  incorporated  under the laws of the State of Nevada on
         October 8, 1998 with the authorized common shares of 200,000,000 shares
         at $0.001 par value.

         The Company is in the development stage.


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Accounting Methods

         The Company  recognizes income and expenses based on the accrual method
         of accounting.

         Dividend Policy

         The  Company  has  not  yet  adopted  a  policy  regarding  payment  of
         dividends.

         Income Taxes

         The Company may incur an operating  loss for the year ending  September
         30, 2000 which will be  available  for  carryover  and applied  against
         future  taxable  income  resulting in a tax benefit.  The potential tax
         benefit  from  any  loss  carry  forward  has been  fully  offset  by a
         valuation reserve because the use of any future tax benefit is doubtful
         since the Company has no operations.

         Any loss carry  forward  from the year ended  September  30,  2000 will
         expire in the year 2020.

         Loss per Share

         Loss per share  amounts  are  computed  based on the  weighted  average
         number of shares actually  outstanding  using the treasury stock method
         in accordance with FABS Statement No. 128.

         Cash and Cash Equivalents

         The Company  considers all highly liquid  instruments  purchased with a
         maturity,  at the time of purchase,  of less than three  months,  to be
         cash equivalents.

                                       8
<PAGE>

                             CIGAR KING CORPORATION
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                December 31, 1999

                      (Unaudited - Prepared by Management)


2.       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

         Financial Instruments

         The carrying amounts of financial instruments,  including cash, prepaid
         expenses and deferred offering costs are considered by management to be
         their standard fair values. These values are not necessarily indicative
         of the  amounts  that the  Company  could  realize in a current  market
         exchange.

         Estimates and Assumptions

         Management  uses  estimates  and  assumptions  in  preparing  financial
         statements in accordance with generally accepted accounting principles.
         Those  estimates  and  assumptions  affect the reported  amounts of the
         assets  and  liabilities,  the  disclosure  of  contingent  assets  and
         liabilities,  and the reported  revenues and expenses.  Actual  results
         could vary from the  estimates  that were  assumed in  preparing  these
         financial statements.

3.       PURCHASE OF RIGHTS TO CIGAR KING CONCEPT

         On November 24, 1998 the Company  acquired the exclusive  rights to use
         the name "Cigar King" to market high quality  cigars  through a climate
         controlled kiosk merchandising display case, by the payment of $50,000.
         The  purchase  price will be amortized to expense over five years after
         operations begin.

4.       RELATED PARTY TRANSACTIONS

         Related parties acquired 43% of the common stock issued.

         The  officers  and  directors  of the  Company  are  involved  in other
         business  activities  and they may, in the future,  become  involved in
         additional business ventures which also may require their attention. If
         specific business opportunity becomes available,  such persons may face
         a conflict in  selecting  between the Company and their other  business
         interests.  The Company has  formulated no policy for the resolution of
         such conflicts.

5.       GOING CONCERN

         Continuation  of the  Company  as a going  concern  is  dependent  upon
         obtaining  additional working capital and the management of the Company
         has  developed  a  strategy,  which it believes  will  accomplish  this
         objective through  additional equity funding,  and long term financing,
         which will enable the Company to operate in the future.

         Management  recognizes  that,  if  it is  unable  to  raise  additional
         capital, the Company cannot operate in the future.


                                       9
<PAGE>
--------------------------------------------------------------------------------

                           ITEM 2. PLAN OF OPERATIONS

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

The  Company's  management  is in the process of reviewing  the costing of kiosk
systems and determining the  profitability  of various  locations that are under
consideration  for  installation  of the kiosks.  It is difficult to obtain good
locations for the kiosks since in the Greater  Vancouver  area there are certain
bans against smoking in public areas.  Nevertheless,  the selling of tobacco has
not been restricted although the government with each new budget imposes greater
taxes on tobacco products.  Management is still searching for idle locations for
its kiosks.

Liquidity and Capital Resources

The Company will need additional working capital to finance its activities.  The
additional working capital may be obtained through additional equity funding and
long term financing.


Results of Operations

The Company has had no revenues from operations since its inception.







                                       10
<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.


                                             CIGAR KING CORPORATION
                                                      (Registrant)




          March 27, 2000                        " Steven Bruce"
----------------------------------   ------------------------------------------
               Date                  Steven Bruce. - President and Director




                                       11