UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB

(Mark One)

[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

For the quarterly period ended December 31, 2000

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: 001-16063

JUPITER ENTERPRISES, INC.

(Exact name of registrant as specified in its charger)

NEVADA

(State or other jurisdiction of incorporation)

98-0208667

(I.R.S. Employer Identification Number)

Mezzanine 2, 601 West Broadway

Vancouver, B.C. V5Z 4C2,

Canada

(Address of principal executive offices and zip code)

1-877-505-6888

(Registrant's telephone number)

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 [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange
Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. N/A

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of December 31, 2000, the Company had 3,042,000 shares issued and outstanding of its common stock.

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Following are the financial statements for period ended December 31, 2000:

***JUPITER ENTERPRISES, INC.*****

***(A development stage enterprise)*****

***Balance Sheets*****

***December 31, 2000 (Unaudited) and March 31, 2000*****

<table>

<tc>

|                                                                       |  | ***December 31,*****            |  |                           
|---------------------------------------------------------------------- |  | ------------------------------- |  | --------------------------
|                                                                       |  | ***2000***                      |  | ***********March 31,***   
|                                                                       |  | *****************(Unaudited)*** |  | ***************2000*******
|**ASSETS**                                                             |  | *******------------*****        |  | ***----------***          
|Current assets:                                                        |  |                                 |  |                           
|Cash                                                                   |  | $ 403                           |  | $ 26,462                  
|Prepaid expenses                                                       |  | 322                             |  | 489                       
|                                                                       |  | --------                        |  | --------                  
|Total current assets                                                   |  | 725                             |  | 26,951                    
|                                                                       |  | --------                        |  | --------                  
|                                                                       |  |                                 |  |                           
|Other assets:                                                          |  |                                 |  |                           
|Website development costs in progress                                  |  | 1,000                           |  | -                         
|                                                                       |  | --------                        |  | --------                  
|Total other assets                                                     |  | 1,000                           |  | -                         
|                                                                       |  | --------                        |  | --------                  
|Total assets                                                           |  | $ 1,725                         |  | $ 26,951                  
|                                                                       |  | ========                        |  | ========                  
|**LIABILITIES**                                                        |  |                                 |  |                           
|******************** Current liabilities:                              |  |                                 |  |                           
|Accounts payable and accrued
expenses                                  |  | $ 2,578                         |  | $ -                       
|Due to related parties                                                 |  | 1,713                           |  | 450                       
|Stock subscription proceeds held in
trust                              |  | -                               |  | 1,575                     
|                                                                       |  | --------                        |  | --------                  
|Total current liabilities                                              |  | 4,291                           |  | 2,025                     
|                                                                       |  | --------                        |  | --------                  
|                                                                       |  |                                 |  |                           
|Total liabilities                                                      |  | 4,291                           |  | 2,025                     
|                                                                       |  | --------                        |  | --------                  
|                                                                       |  |                                 |  |                           
|Commitments and contingencies                                          |  | -                               |  | -                         
|                                                                       |  |                                 |  |                           
|**STOCKHOLDERS' EQUITY**                                               |  |                                 |  |                           
|******************** Common stock, $.001 par value,
100,000,000 shares |  |                                 |  |                           
|authorized, 3,042,000 and 2,840,000 shares issued                      |  |                                 | 
|issued and outstanding                                                 |  | 3,042                           |  | 2,840                     
|Capital in excess of par value                                         |  | 38,218                          |  | 32,360                    
|Deficit accumulated during the
development stage                       |  | (43,826)                        |  | (10,274)                  
|                                                                       |  | --------                        |  | --------                  
|Total stockholders' equity                                             |  | (2,566)                         |  | 24,926                    
|                                                                       |  | --------                        |  | --------                  
|Total liabilities and stockholders'
equity                             |  | $ 1,725                         |  | $ 26,951                  
|                                                                       |  | ========                        |  | ========                  

</table>

***The accompanying notes are an integral part of these statements.***

***JUPITER ENTERPRISES, INC.***

***(A development stage enterprise)***

***Statements of Loss For The Periods Ended***

***December 31, 2001 and 1999***

***(Unaudited)***

<table>

<tr>

|                                              |  | ***Inception,***                             |  |                                  |  |                   
|--------------------------------------------- |  | -------------------------------------------- |  | -------------------------------- |  | ------------------
|                                              |  | ******************************March 12, 1999 |  |                                  |  |                   
|                                              |  | ******************************through        |  | ***********Nine Months***       
|                                              |  | *****************December 31,***             |  | ***********Ended December 31,***
|                                              |  | *****************2000***                     |  | ***********2000***               |  | ***********1999***
|                                              |  | ******************** ------------            |  | ----------                       |  | ----------        
|Revenues                                      |  | $ -                                          |  | $ -                              |  | $ -               
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|                                              |  |                                              |  |                                  |  |                   
|General and administrative
expenses:          |  |                                              |  |                                  |  |                   
|Legal and professional fees                   |  | 35,207                                       |  | 25,696                           |  | 7,018             
|Other administrative
expenses                 |  | 8,619                                        |  | 7,856                            |  | 763               
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|Total operating expenses                      |  | 43,826                                       |  | 33,552                           |  | 7,781             
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|(Loss) before taxes                           |  | (43,826)                                     |  | (33,552)                         |  | (7,781)           
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|Provision (credit) for
income taxes:          |  |                                              |  |                                  |  |                   
|Current                                       |  | -                                            |  | -                                |  | -                 
|Deferred                                      |  | -                                            |  | -                                |  | -                 
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|Total provision (credit) for                  |  |                                              |  |                                  |  |                   
|income taxes                                  |  | -                                            |  | -                                |  | -                 
|                                              |  | ---------                                    |  | ---------                        |  | ---------         
|Net (loss)                                    |  | $ (43,826)                                   |  | $ (33,552)                       |  | $ (7,781)         
|                                              |  | =========                                    |  | =========                        |  | =========         
|                                              |  |                                              |  |                                  |  |                   
|Basic earnings
(loss) per
common share        |  |                                              |  | $ (0.01)                         |  | $ (0.00)          
|                                              |  |                                              |  | =========                        |  | =========         
|Weighted average number of shares outstanding |  | 2,982,502                                    |  | 2,665,891                       
|                                              |  |                                              |  | =========                        |  | =========         

</table>

***The accompanying notes are an integral part of these statements.*****

***JUPITER ENTERPRISES, INC.*****

***(A development stage enterprise)*****

***Statements of Loss For The Periods Ended*****

***December 31, 2000 and 1999***

***(Unaudited)*****

<table>

<tc>

|                                              |  |           |  | Quarter                                           
|--------------------------------------------- |  | --------- |  | --------------------------------------------------
|                                              |  |           |  | *****************************Ended December 31,***
|                                              |  |           |  | *****************************2000***              
|                                              |  |           |  | ******************************----------          
|Revenues                                      |  |           |  | $ -                                               
|                                              |  |           |  | ---------                                         
|                                              |  |           |  |                                                   
|General and administrative
expenses:          |  |           |  |                                                   
|Legal and professional fees                   |  |           |  | 5,843                                             
|Other administrative
expenses                 |  |           |  | 4,721                                             
|                                              |  |           |  | ---------                                         
|Total operating expenses                      |  |           |  | 10,564                                            
|                                              |  |           |  | ---------                                         
|(Loss) before taxes                           |  |           |  | (10,564)                                          
|                                              |  |           |  | ---------                                         
|Provision (credit) for
income taxes:          |  |           |  |                                                   
|Current                                       |  |           |  | -                                                 
|Deferred                                      |  |           |  | -                                                 
|                                              |  |           |  | ---------                                         
|Total provision (credit) for                  |  |           |  |                                                   
|income taxes                                  |  |           |  | -                                                 
|                                              |  |           |  | ---------                                         
|Net (loss)                                    |  |           |  | $ (10,564)                                        
|                                              |  |           |  | =========                                         
|                                              |  |           |  |                                                   
|Basic earnings
(loss) per
common share        |  |           |  | $ (0.00)                                          
|                                              |  |           |  | =========                                         
|Weighted average number of shares
outstanding |  | 3,042,000 |  | 2,840,000                                         
|                                              |  |           |  | =========                                         

</table>

***The accompanying notes are an integral part of these statements.***

***JUPITER ENTERPRISES, INC.*****

***(A development stage enterprise)*****

***Statements of Cash Flows For The Periods Ended*****

***December 31, 2000 and 1999*****

***(Unaudited)*****

<table>

<tr>

|                                          |  | ***Inception,***                             |                          |                         |                       |                 
|----------------------------------------- |  | -------------------------------------------- | ------------------------ | ----------------------- | --------------------- | ----------------
|                                          |  | ******************************March 12, 1999 |                          |                         |                       |                 
|                                          |  | ******************************through        |                          | *********Nine Months***
|                                          |  | ***************December 31,***               | ***Ended December 31,***
|                                          |  | ***************2000***                       |                          | *********2000***        |                       | *********1999***
|                                          |  | ***************-------------***              | ***---------***          |                         | *********---------***
|Cash flows from operating
activities:     |  |                                              |                          |                         |                       |                 
|Net (loss)                                |  | $ (43,826)                                   |                          | $ (33,552)              |                       | $ (7,781)       
|                                          |  |                                              |                          |                         |                       |                 
|Adjustments to reconcile
net (loss) to    |  |                                              |                          |                         |                       |                 
|cash provided (used) by
development       |  |                                              |                          |                         |                       |                 
|stage activities:                         |  |                                              |                          |                         |                       |                 
|Change in current assets and liabilities: |  |                                              |                          |                        
|Accounts receivable,
related party        |  | -                                            |                          | -                       |                       | (22,700)        
|Prepaid expenses                          |  | (322)                                        |                          | 167                     |                       | 7,018           
|Accounts payable and
accrued              |  |                                              |                          |                         |                       |                 
|expenses                                  |  | 2,578                                        |                          | 2,578                   |                       | -               
|Due to related parties                    |  | 1,713                                        |                          | 1,263                   |                       | -               
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Net cash flows from                       |  |                                              |                          |                         |                       |                 
|operating activities                      |  | (39,857)                                     |                          | (29,544)                |                       | (23,463)        
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Cash flows from investing
activities:     |  |                                              |                          |                         |                       |                 
|Decrease (increase) in
website            |  |                                              |                          |                         |                       |                 
|development costs in
progress             |  | (1,000)                                      |                          | (1,000)                 |                       | -               
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Net cash flows from                       |  |                                              |                          |                         |                       |                 
|investing activities                      |  | (1,000)                                      |                          | (1,000)                 |                       | -               
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Cash flows from financing
activities:     |  |                                              |                          |                         |                       |                 
|Proceeds from sale of
common stock        |  | 41,260                                       |                          | 6,060                   |                       | 25,200          
|Change in stock
subscription              |  |                                              |                          |                         |                       |                 
|held in trust                             |  | -                                            |                          | (1,575)                 |                       | -               
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Net cash flows from                       |  |                                              |                          |                         |                       |                 
|financing activities                      |  | 41,260                                       |                          | 4,485                   |                       | 25,200          
|                                          |  | --------                                     |                          | --------                |                       | --------        
|Net increase (decrease) in                |  |                                              |                          |                         |                       |                 
|cash and equivalents                      |  | 403                                          |                          | (26,059)                |                       | 1,737           
|                                          |  |                                              |                          |                         |                       |                 
|Cash and equivalents,                     |  |                                              |                          |                         |                       |                 
|Beginning of period                       |  | -                                            |                          | 26,462                  |                       | -               
|                                          |  | --------                                     |                          | --------                |                       | --------        
|End of period                             |  | $ 403                                        |                          | $ 403                   |                       | $ 1,737         
|                                          |  | ========                                     |                          | ========                |                       | ========        
|Supplemental cash flow
disclosures:       |  |                                              |                          |                         |                       |                 
|Cash paid for interest                    |  | $ -                                          |                          | $ -                     |                       | $ -             
|Cash paid for income taxes                |  | -                                            |                          | -                       |                       | -               

</table>

***The accompanying notes are an integral part of these statements.***

***JUPITER ENTERPRISES, INC.*****

***(A development stage enterprise)*****

***Statements of Cash Flows For The Periods Ended*****

***December 31, 2000 and 1999*****

***(Unaudited)*****

<table>

<tc>

|                                          |  |  |  | ***Quarter***                                   
|----------------------------------------- |  |  |  | ------------------------------------------------
|                                          |  |  |  | ***************************Ended December 31,***
|                                          |  |  |  | ***************************2000***              
|                                          |  |  |  | ***************************---------***         
|Cash flows from operating
activities:     |  |  |  |                                                 
|Net (loss)                                |  |  |  | $ (10,564)                                      
|                                          |  |  |  |                                                 
|Adjustments to reconcile
net (loss) to    |  |  |  |                                                 
|cash provided (used) by
development       |  |  |  |                                                 
|stage activities:                         |  |  |  |                                                 
|Change in current assets and liabilities: |  |  |  |                                                 
|Accounts receivable,
related party        |  |  |  | -                                               
|Prepaid expenses                          |  |  |  | 4,011                                           
|Accounts payable and
accrued              |  |  |  |                                                 
|expenses                                  |  |  |  | 1,769                                           
|Due to related parties                    |  |  |  | 1,500                                           
|                                          |  |  |  | --------                                        
|Net cash flows from                       |  |  |  |                                                 
|operating activities                      |  |  |  | (3,284)                                         
|                                          |  |  |  | --------                                        
|Cash flows from investing
activities:     |  |  |  |                                                 
|Decrease (increase) in
website            |  |  |  |                                                 
|development costs in
progress             |  |  |  | -                                               
|                                          |  |  |  | --------                                        
|Net cash flows from                       |  |  |  |                                                 
|investing activities                      |  |  |  | -                                               
|                                          |  |  |  | --------                                        
|Cash flows from financing
activities:     |  |  |  |                                                 
|Proceeds from sale of
common stock        |  |  |  | -                                               
|Change in stock
subscription              |  |  |  |                                                 
|held in trust                             |  |  |  | -                                               
|                                          |  |  |  | --------                                        
|Net cash flows from                       |  |  |  |                                                 
|financing activities                      |  |  |  | -                                               
|                                          |  |  |  | --------                                        
|Net increase (decrease) in                |  |  |  |                                                 
|cash and equivalents                      |  |  |  | (3,284)                                         
|                                          |  |  |  |                                                 
|Cash and equivalents,                     |  |  |  |                                                 
|Beginning of period                       |  |  |  | 3,687                                           
|                                          |  |  |  | --------                                        
|End of period                             |  |  |  | $ 403                                           
|                                          |  |  |  | ========                                        
|Supplemental cash flow
disclosures:       |  |  |  |                                                 
|Cash paid for interest                    |  |  |  | $ -                                             
|Cash paid for income taxes                |  |  |  | -                                               

</table>

***The accompanying notes are an integral part of these statements.***

The accompanying unaudited interim financial statements include all adjustments which in the opinion of management are necessary in
order to make the accompanying financial statements not misleading, and are of a normal recurring nature. However, the accompanying
unaudited financial statements do not include all of the information and footnotes necessary for a complete presentation of
financial position, results of operations, cash flows and stockholders' equity in conformity with generally accepted accounting
principles. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial
statements included in the Company's Form 10-SB as of the year ended March 31, 2000. Operating results for the nine months ended
December 31, 2000, are not necessarily indicative of the results that can be expected for the year ended March 31, 2001.

**Note 1 - Capital stock:**

Since its inception, the Company has issued shares of its common stock as follows:

<table>

<tc>

|**Date** | **Description**        | **Shares** |  | **Price Per Share** |  | **Amount**
|-------- | ---------------------- | ---------- |  | ------------------- |  | ----------
|03/30/99 | Shares issued for
cash | 2,000,000  |  | $0.005              |  | $10,000   
|05/27/99 | Shares issued for
cash | 840,000    |  | 0.030               |  | 25,200    
|06/20/00 | Shares issued for
cash | 202,000    |  | 0.030               |  | 6,060     
|         | Cumulative total       | 3,042,000  |  |                     |  | $41,260   

</table>

The Company's articles of incorporation also authorize it to issue preferred stock in one or more series and in such amounts as may
be determined by the Board of Directors. At December 31, 2000, no preferred stock series had been created.

**Note 2 - Related party transactions:**

The Company paid an officer and a former director of the company $965 during the nine months ended December 31, 2000 in professional
fees for legal services. Amounts due to directors of the company totaled $1,713 at December 31, 2000.

**Note 3 - Federal income tax:**

The Company follows Statement of Financial Accounting Standards Number 109 (SFAS 109), *Accounting for Income Taxes*. Deferred income
taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes
and the amounts used for income tax reporting purposes, and (b) net operating loss carryforwards. No net provision for refundable
Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly,
no deferred tax asset attributable to the net operating loss carryforward has been recognized, as it is not deemed likely to be
realized.

The provision for refundable Federal income tax consists of the following:

<table>

<tr>

|Refundable Federal income tax attributable to: |          
|---------------------------------------------- | ---------
|Current operations                             | ($11,400)
|Change in deferred tax amounts                 | 11,400   
|Net refundable amount                          | $ -      

</table>

The cumulative tax effect at the expected rate of 34% of significant items comprising the Company's net deferred tax amounts as of
December 31, 2000:

<table>

<tc>

|Deferred tax asset attributable to: |          
|----------------------------------- | ---------
|Net operating loss carryover        | ($14,900)
|Less, Valuation allowance           | 14,900   
|Net deferred tax asset              | $ -      

</table>

At March 31, 2000, the Company had unused net operating loss carryovers which may be used to offset future taxable income and which
expire as follows:

<table>

<tr>

|**Expires:**                       | **Amount**
|---------------------------------- | ----------
|March 31, 2014                     | $ 1,874   
|March 31, 2015                     | 8,400     
|Total net operating loss carryover | $10,274   

**</table>**

**Note 4 - Website development costs in progress:**

In March 2000, the Emerging Issues Task Force reached a consensus on Issue No. 00-2, ***Accounting for Website Development Costs***,
("EITF Issue No. 00-2") to be applicable to all website development costs incurred for the quarter beginning after June 30, 2000.
The consensus states that for specific website development costs, the accounting should be based generally on AICPA Statement of
Position 98-1, ***Accounting for the Costs of Computer Software Developed or Obtained for Internal Use.***Under SOP 98-1, development
costs are capitalized and amortized to income over the estimated useful life of the website. The Company has elected to adopt EITF
Issue No. 00-2 and SOP 98-1 retroactively to April 1, 2000.

The Company has incurred $1,000 in development costs through December 31, 2000, which have been capitalized; no amortization has
been recorded, as the sites are incomplete. No costs had been incurred prior to April 1, 2000.

**Note 5 - Uncertainty, going concern:**

At December 31, 2000, the Company was not currently engaged in a business and had suffered losses from development stage activities
to date. Although management is currently attempting to implement its business plan (see Note 1 in the notes to the financial
statements included in the Company's Form 10-SB as of the year ended March 31, 2000) and is seeking additional sources of equity or
debt financing, there is no assurance these activities will be successful. Accordingly, the Company must rely on its officers and
directors to perform essential functions without compensation until a business operation can be commenced. These factors raise
substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

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

The information required by this Item is incorporated as part of the Company's financial statements.

SIGNATURES

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

JUPITER ENTERPRISES, INC.

Date: ______________________

_____________________________

Tanis Cornwall, Secretary/Treasurer