U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB


                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                        For Quarter Ended: June 30, 1999

                        Commission File Number: 000-25695

                               MANNA CAPITAL, INC.
       (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   33-0847997
                        (IRS Employer Identification No.)

                              6 Venture, Suite 207
                               Irvine, California
                    (Address of principal executive offices)

                                      92618
                                   (Zip Code)

                                 (949) 453-9262
                           (Issuer's Telephone Number)

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

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

The number of shares of the  registrant's  only class of common stock issued and
outstanding, as of June 30, 1999, was 500,000 shares.



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<PAGE>



                                     PART I

ITEM 1.   FINANCIAL STATEMENTS.

     The unaudited financial  statements for the six month period ended June 30,
1999, are attached hereto.

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     The following  discussion  should be read in conjunction with the Financial
Statements and notes thereto included herein.

     The Company  generated no revenues  during the six month period ending June
30,  1999.  Management  anticipates  that  the  Company  will not  generate  any
significant  revenues until the Company  accomplishes its business  objective of
merging with a nonaffiliated entity or acquiring assets from the same.

     The Company's  securities  are  currently  not liquid.  There are no market
makers in the Company's  securities  and it is not  anticipated  that any market
will  develop  in the  company's  securities  until  such  time  as the  company
successfully implements its business plans.

     Because the  Company is not  required to pay rent or salaries to any of its
officers or directors, Management believes that the Company has sufficient funds
to continue operations through the foreseeable future.

Forward Looking Statements

     This report contains certain forward-looking  statements within the meaning
of Section 27A of the  Securities  Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange  Act")  concerning the Company's
operations,  economic  performance  and  financial  conditions,   including,  in
particular,  the likelihood of the Company's ability to acquire another existing
business or assets.  These statements are based upon a number of assumptions and
estimates  which  are  inherently  subject  to  significant   uncertainties  and
contingencies,  many of which are beyond the  control of the Company and reflect
future business decisions which are subject to change. Some of these assumptions
inevitably will not materialize and  unanticipated  events will occur which will
affect the Company's  results.  Consequently,  actual results will vary from the
statements  contained  herein and such  variance  may be  material.  Prospective
investors should not place undue reliance on this information.





                                        2

<PAGE>



Year 2000 Disclosure

     Many existing  computer  programs use only two digits to identify a year in
the dare field.  These programs were designed and developed without  considering
the  impact  of the  upcoming  change in the  century.  If not  corrected,  many
computer  applications  could fail or create erroneous results by or at the Year
2000. As a result,  many companies will be required to undertake  major projects
to  address  the Year 2000  issue.  Because  the  Company  has  nominal  assets,
including no personal property such as computers, it is not anticipated that the
Company will incur any negative impact as a result of this potential problem.


                           PART II. OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS - NONE

ITEM 2.   CHANGES IN SECURITIES - NONE

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES - NONE

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 -

          (a)   Exhibits

                EX-27  Financial Data Schedule

          (b)   Reports on Form 8-K - NONE



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<PAGE>

<TABLE>


                               MANNA CAPITAL, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                                  BALANCE SHEET

<CAPTION>
                                            Unaudited         Audited
                                          June 30, 1999   December 31, 1998
                                          --------------  -----------------
<S>                                       <C>             <C>
ASSETS:
     Current Assets                       $            0  $               0

     Organization Costs (net of
       $500 accumulated
       amortization)                                 500                500
                                          --------------  -----------------
     Total Assets                                    500                500
                                          ==============  =================

LIABILITIES

     Current Liabilities
          Accounts Payable                         1,600              1,500
                                          --------------  -----------------
     Total Current Liabilities                     1,600              1,500
                                          --------------  -----------------
     Total Liabilities                             1,600              1,500

STOCKHOLDERS' EQUITY
     Common Stock - Par Value $.0001
     15,000,000 Shares Authorized
     500,000 Shares Issued and
     Outstanding                                     500                500

     Additional Paid-In Capital                        -                  -

     Retained Deficit, accumulated
       in the development stage                   (1,600)            (1,500)
                                          --------------  -----------------
     Total Stockholders' Equity                   (1,100)            (1,000)

     Total Liabilities and
       Stockholders' Equity                          500                500
                                          ==============  =================

</TABLE>


                                        4

<PAGE>

<TABLE>


                               MANNA CAPITAL, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                       STATEMENT OF REVENUES AND EXPENSES

<CAPTION>
                                             For the      For the
                                              Three        Three
                                              Months       Months
                                              Ended        Ended
                                            06/30/99      06/30/98
                                            --------      --------
<S>                                         <C>           <C>
REVENUE:

     Revenue                                $      0      $      0

EXPENSES:


     Taxes and Licenses                            0             0
                                            --------      --------
     Total Expenses                                0             0

Net Income/(Loss)                           $      0      $      0
                                            ========      ========

Net loss per share                          $   0.00      $   0.00
                                            ========      ========

</TABLE>


                                        5

<PAGE>

<TABLE>


                               MANNA CAPITAL, INC.
                          (A Development Stage Company)

                             (A Nevada corporation)

                       STATEMENT OF REVENUES AND EXPENSES

<CAPTION>
                              For the      For the      Period
                                Six          Six        9/9/82
                               Months       Months    (Inception)
                               Ended        Ended         to
                             06/30/99      06/30/98     06/30/99
                             --------      --------     --------
<S>                          <C>           <C>          <C>
REVENUE:

     Revenue                 $      0      $      0     $      0

EXPENSES:

     Taxes and Licenses             0             0        1,600
                             --------      --------     --------
     Total Expenses                 0             0        1,600

Net Income/(Loss)            $      0      $      0     $ (1,600)
                             ========      ========     ========

Net loss per share           $   0.00      $   0.00     $  .0032
                             ========      ========     ========

</TABLE>


                                        6

<PAGE>

<TABLE>


                               MANNA CAPITAL, INC.
                          (a Development Stage Company)

                             (A Nevada corporation)


                             STATEMENT OF CASH FLOWS

<CAPTION>
                                                                        Period
                                           For the      For the         9/9/82
                                          Six Months   Six Months     (Inception)
                                            Ended        Ended            to
                                          06/30/99      06/30/98       06/30/99
                                          --------      --------       --------
<S>                                       <C>           <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
OPERATING ACTIVITIES

  Cash Received from Operating Activities $      0      $      0       $      0
  Cash Paid for Operating Activities             0             0              0
                                          --------      --------       --------

Net Cash Used By Operating Activities            0             0              0

CASH FLOWS FROM INVESTING ACTIVITIES

Net Cash Used in Investing Activities            0             0           (500)
                                          --------      --------       --------

CASH FLOWS FROM FINANCING ACTIVITIES

Net Cash From Financing Activities               0             0            500
                                          --------      --------       --------

Net Decrease in Cash and Cash Equivalents        0             0              0

Cash and Cash Equivalents at
  Beginning of Period                            0             0              0
                                          --------      --------       --------
Cash and Cash Equivalents at
  End of Period                           $      0      $      0       $      0
                                          ========      ========       ========


Reconciliation of Net Profit to Net Cash
Provided by Operating Activities:

   Net Income/(Loss)                      $      0      $      0       $ (1,600)
                                          --------      --------       --------
   Adjustments to Reconcile Net Income
   to Net Provided by Operating Activities:

   Increase in Accounts Payable                  0             0          1,600
                                          --------      --------       --------
          Total Adjustments                      0             0          1,600

NET CASH PROVIDED BY
  OPERATING ACTIVITIES                    $      0      $      0       $      0
                                          ========      ========       ========

</TABLE>



                                        7

<PAGE>



Manna Capital, Inc.
Notes To Unaudited Financial Statements
For The Six Month Period Ended June 30, 1999
--------------------------------------------


The unaudited  financial  information  included for the six month interim period
ended June 30, 1999 were taken from the books and records of the Company without
audit. However, such information reflects all adjustments  (consisting of normal
recurring  adjustments,  which are of the opinion of  management,  necessary  to
reflect  properly  the  results of interim  periods  presented).  The results of
operations  for the six month  period  ended June 30,  1999 are not  necessarily
indicative of the results expected for the year ended December 31, 1999.


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<PAGE>



                                   SIGNATURES


         Pursuant  to the  requirements  of  Section  12 of the  Securities  and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                         MANNA CAPITAL, INC.
                                         (Registrant)

                                         Dated:  August 10, 1999



                                         By:   s/George Unwin
                                            ------------------------------
                                            George Unwin, President



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<PAGE>


                               MANNA CAPITAL, INC.

                EXHIBIT INDEX TO QUARTERLY REPORT ON FORM 10-QSB
                       FOR THE QUARTER ENDED JUNE 30, 1999

EXHIBITS                                                                Page No.

  EX-27           Financial Data Schedule.....................................11



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