FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended September 30, 2002

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from ____________  to____________

                        Commission File No. 0-26695

                           HIGHWAY ONE-OWEB, INC.
                           ----------------------
              (Name of Small Business Issuer in its Charter)

          UTAH                                87-0636107
          ----                                ----------
(State or Other Jurisdiction of              (I.R.S. Employer I.D. No.)
incorporation or organization)

                              430 Fourth Street
                              Ogden, Utah 84404
                              -----------------
                 (Address of Principal Executive offices)

                 Issuer's Telephone Number: (801) 393-4268

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 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.

(1) Yes  X  No                (2) Yes X     No
        ---   ---                    ---      ---
<PAGE>

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

                              Not applicable.



                   APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:

                             September 30, 2002

                                 2,348,000

                      PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed
with this 10-QSB Quarterly Report were prepared by management, and commence of
the following page, together with Related Notes. In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.
<PAGE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)

                       FINANCIAL STATEMENTS

             September 30, 2002 and December 31, 2001
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                              September 30,   December 31,
                                                   2002        2001
                                                 (Unaudited)
<S>                                              <C>          <C>
CURRENT ASSETS

 Cash                                            $       1,544 $       525
                                                 ------------- -----------
  Total Current Assets                                   1,544         525
                                                 ------------- -----------
FIXES ASSETS (NET)                                       2,303       2,993
                                                 ------------- -----------
  TOTAL ASSETS                                   $       3,847 $     3,518
                                                 ============= ===========
               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                                $       2,932 $     1,657
 Accrued expenses                                          750           -
 Note payable-related party                             10,000           -
                                                 ------------- -----------
  Total Current Liabilities                             13,682       1,657
                                                 ------------- -----------
  TOTAL LIABILITIES                                     13,682       1,657
                                                 ------------- -----------
STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock: 100,000,000 shares authorized of
  $0.001 par value, 2,348,000 shares issued and
  outstanding                                            2,348       2,348
 Additional paid-in capital                             37,452      37,452
 Deficit accumulated during the development stage      (49,635)    (37,939)
                                                 ------------- -----------
  Total Stockholders' Equity (Deficit)                  (9,835)      1,861
                                                 ------------- -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  (DEFICIT)                                      $       3,847 $     3,518
                                                 ============= ===========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                2
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                    From
                                                                 Inception on
                                For the            For the         March 17,
                           Three Months Ended Nine Months Ended  1999 Through
                             September 30,      September 30,   September 30,
                          2002          2001   2002       2001        2002
<S>                   <C>          <C>       <C>        <C>       <C>
REVENUES               $       -    $     -   $    150   $   150   $    450
                       ---------    -------   --------   -------   --------
EXPENSES

 Depreciation                230        491        690       691      2,302
 General and
 administrative            1,758      1,001     10,406     7,338     47,033
                       ---------    -------   --------   -------   --------
  Total Expense            1,988      1,492     11,096     8,029     49,335
                       ---------    -------   --------   -------   --------
LOSS FROM OPERATIONS   $  (1,988)   $(1,492)  $(10,946)  $(7,879)  $(48,885)
                       ---------    -------   --------   -------   --------
OTHER (EXPENSES)
 Interest Expense           (250)         -       (750)        -       (750)
                       ---------    -------   --------   -------   --------
  Total Other (Expense)     (250)         -       (750)        -       (750)
                       ---------    -------   --------   -------   --------
NET LOSS               $  (2,238)   $(1,492)  $(11,696)  $(7,879)  $(49,635)
                       =========    =======   ========   =======   ========
BASIC LOSS PER SHARE   $   (0.00)   $ (0.00)  $  (0.00)  $ (0.00)
                       =========    =======   ========   =======
BASIC WEIGHTED AVERAGE
 SHARES                2,348,000  2,348,000  2,348,000 2,348,000
                       =========  =========  ========= =========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                3
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
            Statement of Stockholders' Equity (Deficit)
<CAPTION>
                                                                Deficit
                                                              Accumulated
                                                 Additional    During the
                              Common Stock        Paid-In     Development
                            Shares     Amount     Capital        Stage
<S>                          <C>       <C>       <C>        <C>
Balance at inception on
 March 17, 1999                    -    $    -    $     -    $      -

Issuance of common stock for
 cash at $0.0025 per share   2,000,000     2,000      3,000         -

Issuance of common stock
 for cash at $0.10 per share   348,000       348     34,452         -

Net loss from inception on
 March 17, 1999 through
 December 31, 1999                 -         -          -       (18,757)
                             ---------   -------   --------   ---------
Balance, December 31, 1999   2,348,000     2,348     37,452     (18,757)

Net loss for the year
 ended December 31, 2000           -         -          -        (9,402)
                             ---------  --------  ---------  ----------
Balance, December 30, 2000   2,348,000     2,348     37,452     (28,159)

Net loss for the year ended
ended December 31, 2001            -         -          -        (9,780)
                             ---------  --------  ---------    --------
Balance, December 31, 2001   2,348,000     2,348     37,452     (37,939)

Net loss for the nine months
ended September 30, 2002
(unaudited)                        -         -          -       (11,696)
                             ---------  --------  ---------    --------
Balance, June 30, 2002
(unaudited)                  2,348,000  $  2,348  $  37,452    $(49,635)
                             =========  ========  =========    ========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                4
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                    From
                                                               Inception on
                                                                 March 17,
                                 For the Nine Months Ended     1999 Through
                                       September 30,           September 30,
                                 2002                2001          2002
<S>                              <C>             <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss)                           $  (11,696)  $   (7,879)   $  (49,635)
Adjustments to reconcile loss from
 operations to net cash used by
 operating activities:
   Depreciation                             690          691         2,302
 Change in operating assets and
 liabilities:
   Increase decrease in accounts payable  1,275          270         2,932
   Increase in accrued expenses             750            -           750
                                     ----------   ----------    ----------
       Net Cash Used by
       Operating Activities              (8,981)      (6,918)      (43,651)
                                     ----------   ----------    ----------
CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of equipment                         -            -        (4,605)
                                     ----------   ----------    ----------
       Net Cash Used by Investing
       Activities                             -            -        (4,605)
                                     ----------   ----------    ----------
CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from note payable-related
 party                                   10,000            -        10,000
Common stock issued for cash                  -            -        39,800
                                     ----------   ----------    ----------
       Net Cash Provided by Financing
       Activities                        10,000            -        49,800
                                     ----------   ----------    ----------
NET INCREASE (DECREASE) IN CASH           1,019       (6,918)        1,544

CASH AT BEGINNING OF PERIOD                 525        9,280             -
                                     ----------   ----------    ----------
CASH AT END OF PERIOD                $    1,544   $    2,362    $    1,544
                                     ==========   ==========    ==========
CASH PAID FOR:

Interest                                $     -     $      -     $       -
Income taxes                            $     -     $      -     $       -
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                5
<PAGE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
            September 30, 2002 and December 31, 2001


NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

       The accompanying unaudited condensed financial statements have been
       prepared by the Company pursuant to the rules and regulations of the
       Securities and Exchange Commission.  Certain information and footnote
       disclosures normally included in financial statements prepared in
       accordance with generally accepted accounting principles have been
       condensed or omitted in accordance with such rules and regulations.
       The information furnished in the interim condensed financial statements
       include normal recurring adjustments and reflects all adjustments,
       which, in the opinion of management, are necessary for a fair
       presentation of such financial statements.  Although management
       believes the disclosures and information presented are adequate to make
       the information not misleading, it is suggested that these interim
       condensed financial statements be read in conjunction with the
       Company's most recent audited financial statements and notes thereto
       included in its December 31, 2001 Annual Report on Form 10-KSB.
       Operating results for the nine months ended September 30, 2002 are not
       necessarily indicative of the results that may be expected for the year
       ending December 31, 2002.

NOTE 2 - GOING CONCERN

       The Company's financial statements are prepared using generally
       accepted accounting principles applicable to a going concern which
       contemplates the realization of assets and liquidation of liabilities
       in the normal course of business.  However, the Company does not have
       significant cash or other material assets, nor does it have an
       established source of revenues sufficient to cover its operating
       costs and to allow it to continue as a going concern. The Company is
       seeking additional financing from a private placement of common
       stock.  In the interim a shareholder has committed to meeting the
       Company's cash needs for a term of at least twelve (12) months from
       the date of these financial statements or until the Company
       establishes an active business operation.
                                6
<PAGE>

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

Plan of Operation.
------------------

        The Company is a development stage company.  Management believes that
in light of the large increase in the number of small and medium-sized
companies that will become connected to the internet, the size of the
potential market for goods and services on the internet will continue to
increase rapidly.  Accordingly, the volume of business available to those who
can provide well-prepared web pages and related services will also increase
rapidly over the next several years.

          The Company plans to provide a range of web page design and
marketing services.  In addition, the Company intends to expand its operations
by acquiring, joint venturing or merging with other internet service providers
in exchange for the issuance of shares of its common stock.  As of the date of
this Report, the Company has not entered into any agreements in this regard,
and there is no assurance that the Company will be successful in entering into
a transaction with any such entity.

          During the fourth quarter of our 2001 fiscal year, the Company did
not proceed with its prior plan to conduct an advertising mailing, due to the
contemplated completion of the Export Erez Plan.  During the next 12 months,
management plans to spend approximately $7,500 to $12,000 in advertising
expenses.  Planned methods of advertising include telephone solicitation of
businesses, mailings, placement of "banner" advertisements on internet web
sites, and a small amount of print advertising in northern Utah.  During the
next 30 days, the Company plans to compile a targeted mailing list for a
mailing campaign aimed at small to medium-sized businesses in northern Utah.
Management believes that its current cash on hand will be sufficient to meet
the Company's advertising needs during the next 12 months.  See the heading
"Liquidity" of this caption.

Results of Operations.
----------------------

          During the quarterly period ended September 30, 2002, the Company
received $0 in revenues.  During that period, our total expenses were
$1,988.  For the three months ended September 30, 2001, the Company received
$0 in revenues and had expenses of $1,492.  For the nine months ended
September 30, 2002, the Company received $150 in revenues and had expenses of
$11,096.   For the nine months ended September 30, 2001, the Company received
$150 in revenues andhad expenses of $8,029.  Total expenses during the period
from inception on March 17, 1999 through September 30, 2002, were $49,335; the
Company has incurred net losses of ($1,988), ($10,946) and ($48,885) during
the three months ended September 30, 2002, the nine months ended September 30,
2002, and during the period from inception on March 17, 1999 through September
30, 2002, respectively.

Liquidity.
----------

          At September 30, 2002, the Company had total current assets of
$1,544 and total liabilities of $13,682.  On March 4, 2002, Pete Chandler
loaned $10,000 to the Company and management believes that the Company's cash
on hand will be sufficient to allow it to continue operations.  However, the
Company's success in its planned business endeavors will depend entirely on
its ability to attract and maintain a sufficient base of web site design and
hosting clients.  The Company has not yet commenced material operations and it
can provide no assurance that it will be successful in this regard.

Forward-Looking Information.
----------------------------

     Statements made in this Form 10-QSB which are not purely historical are
forward-looking statements with respect to the goals, plan objectives,
intentions, expectations, financial condition, results of operations, future
performance and business of the Company, including, without limitation,
statements preceded by, followed by or that include the words "may", "would",
"could", "should", "expects", "projects", "anticipates", "believes",
"estimates", "plans", "intends", "targets" or similar expressions.

     Forward-looking statements involve inherent risks and uncertainties, and
important factors (many of which are beyond the Company's control) that could
cause actual results to differ materially from those set forth in the
forward-looking statements, including the following, in addition to those
contained in the Company's reports on file with the Securities and Exchange
Commission: (i) general economic or industry conditions, nationally and/or in
the communities in which the Company may conduct business; (ii) changes in the
interest rate environment, legislation or regulatory requirements; (iii)
conditions of the securities markets; (iv) changes in the internet design
industry; (v) the development of products or services that may be superior to
products or services offered or developed by the Company; (vi) competition;
(vii) changes in the quality or composition of products or services developed
by the Company; (viii) our ability to develop new products or services; (ix)
our ability to raise capital; (x) changes in accounting principals, policies
or guidelines; (xi) financial or political instability; (xii) acts of war or
terrorism; (xiii) other economic, competitive, governmental, regulatory and
technical factors affecting the Company's operations, products, services and
prices.

     Accordingly, results actually achieved may differ materially from
expected results in these statements.  Forward-looking statements speak only
as of the date they are made.  The Company does not undertake, and
specifically disclaims, any obligation to update any forward-looking
statements to reflect events or circumstances occurring after the date of such
statements.

Item 3.  Controls and Procedures.

         (a)  Evaluation of Disclosure Controls and Procedures

         Highway One's President has evaluated the company's disclosure
controls and procedures as of November 7, 2002, and he concluded that these
controls and procedures are effective.

         (b)  Changes in Internal Controls

         There are no significant changes in internal controls or in other
factors that could significantly affect these controls subsequent to November
7, 2002.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

          None; not applicable.

Item 2.   Changes in Securities.

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.

          None; not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders.

          None; not applicable.

Item 5.   Other Information.

          None; not applicable.

Item 6.   Exhibits and Reports on Form 8-K.

          (a)  Exhibits.

          None.

          (b)  Reports on Form 8-K.

          8-K Current Report dated February 19, 2002, filed March 6, 2002.


<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.

                                        HIGHWAY ONE-OWEB, INC.


Date: 11/11/02                          By:/s/Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President
<PAGE>
                   CERTIFICATION PURSUANT TO
         SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

     I, Pete Chandler, President of Highway One O-Web, Inc., certify
that:

     1.   I have reviewed this Quarterly Report on Form 10-QSB of Highway One
O-Web, Inc.;

     2.   Based on my knowledge, this Quarterly Report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this Quarterly Report;

     3.   Based on my knowledge, the financial statements, and other
financial information included in this Quarterly Report, fairly present in all
material respects the financial condition, results of operations and cash
flows of the Registrant as of, and for, the periods presented in this
Quarterly Report;

     4.   I am responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14)
for the Registrant and I have:

     a)   designed such disclosure controls and procedures to ensure that
          material information relating to the Registrant, including its
          consolidated subsidiaries, is made known to me by others within
          those entities, particularly during the period in which this
          Quarterly Report is being prepared;

     b)   evaluated the effectiveness of the Registrant's disclosure
          controls and procedures as of a date within 90 days prior to the
          filing date of this Quarterly Report (the "Evaluation Date"); and

     c)   presented in this Quarterly Report my conclusions about the
          effectiveness of the disclosure controls and procedures based on
          My evaluation as of the Evaluation Date;

     5.   I have disclosed, based on my most recent evaluation, to the
Registrant's auditors and the audit committee of Registrant's board of
directors (or persons performing the equivalent function);

     a)   all significant deficiencies in the design or operation of
          internal controls which could adversely affect the Registrant's
          ability to record, process, summarize and report financial data
          and have identified for the Registrant's auditors any material
          weaknesses in internal controls; and

     b)   any fraud, whether or not material, that involves management or
          other employees who have a significant role in the Registrant's
          internal controls; and

     6.   I have indicated in this Quarterly Report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of our most
recent evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.

Dated:  November 11, 2002            Signature:/s/Pete Chandler
                                     Pete Chandler
                                     President

<PAGE>