FORM 10-QSB

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

     For the quarterly period ended June 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:

                                 June 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

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

                              ASSETS

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

 Cash                                            $       2,311 $       525
                                                 ------------- -----------
  Total Current Assets                                   2,311         525
                                                 ------------- -----------
FIXES ASSETS (NET)                                       2,533       2,993
                                                 ------------- -----------
  TOTAL ASSETS                                   $       4,844 $     3,518
                                                 ============= ===========
               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                                $       1,941 $     1,657
 Accrued expenses                                          500           -
 Note payable-related party                             10,000           -
                                                 ------------- -----------
  Total Current Liabilities                             12,441       1,657
                                                 ------------- -----------
  TOTAL LIABILITIES                                     12,441       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      (47,397)    (37,939)
                                                 ------------- -----------
  Total Stockholders' Equity (Deficit)                  (7,597)      1,861
                                                 ------------- -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  (DEFICIT)                                      $       4,844 $     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 Six Months Ended   1999 Through
                                June 30,           June 30,         June 30,
                          2002          2001   2002       2001        2002
<S>                   <C>          <C>       <C>        <C>       <C>
REVENUES               $       -    $     -   $    150   $   150   $    450
                       ---------    -------   --------   -------   --------
EXPENSES

 General and
 administrative            1,804      1,418      9,108     6,537     47,347
                       ---------    -------   --------   -------   --------
  Total Expense            1,804      1,418      9,108     6,537     47,347
                       ---------    -------   --------   -------   --------
LOSS FROM OPERATIONS   $  (1,804)   $(1,418)  $ (8,958)  $(6,387)  $(46,897)
                       ---------    -------   --------   -------   --------
OTHER (EXPENSES)
 Interest Expense           (500)         -       (500)        -       (500)
                       ---------    -------   --------   -------   --------
  Total Other (Expense)     (500)         -       (500)        -       (500)
                       ---------    -------   --------   -------   --------
NET LOSS               $  (2,304)   $(1,418)  $ (9,458)  $(6,387)  $(47,397)
                       =========    =======   ========   =======   ========
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 six months
ended June 30, 2002
(unaudited)                        -         -          -        (9,458)
                             ---------  --------  ---------    --------
Balance, June 30, 2002
(unaudited)                  2,348,000  $  2,348  $  37,452    $(47,397)
                             =========  ========  =========    ========
</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 Six Months Ended      1999 Through
                                         June 30,                June 30,
                                 2002                2001          2002
<S>                              <C>             <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss)                           $   (9,458)  $   (6,387)   $  (47,397)
Adjustments to reconcile loss from
 operations to net cash used by
 operating activities:
   Depreciation                             461          461         2,072
 Change in operating assets and
 liabilities:
   Increase decrease in accounts payable    283         (316)        1,941
   Increase in accrued expenses             500            -           500
                                     ----------   ----------    ----------
       Net Cash Used by
       Operating Activities              (8,214)      (6,242)      (42,884)
                                     ----------   ----------    ----------
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           1,786       (6,242)        2,311

CASH AT BEGINNING OF PERIOD                 525        9,280             -
                                     ----------   ----------    ----------
CASH AT END OF PERIOD                $    2,311   $    3,038    $    2,311
                                     ==========   ==========    ==========
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
               June 30, 2002 and December 31, 2001


NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

       The accompanying unaudited condensed consolidated 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 consolidated 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 consolidated
       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 six months ended June 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 that has had very limited
operations to date.  Management has become aware of the plan of the National
Association of Securities Dealers, Inc., to replace the OTC Bulletin Board
with a new exchange to be known as the "BBX."  Management does not believe
that the Company as it currently exists will be able to meet the new listing
standards of the BBX.  Therefore, in order to create maximum value for
stockholders, we will begin seeking other businesses to acquire that may allow
the Company to qualify for listing on the BBX.  As of the date of this Report,
we have not identified any suitable business.  At such time as we complete a
merger or acquisition, we will promptly file a Current Report on Form 8-K
disclosing the transaction.

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

          During the quarterly period ended June 30, 2002, the Company
received $0 in revenues.  During that period, our total expenses were
$1,804.  For the three months ended June 30, 2001, the Company received $0
in revenues and had expenses of $1,418.  For the six months ended June 30,
2002, the Company received $150 in revenues and had expenses of $9,108. Total
expenses during the period from inception on March 17, 1999 through June 30,
2002, were $46,897; the Company has incurred net losses of ($2,304), ($9,458)
and ($47,397) during the three months ended June 30, 2002, the six months
ended June 30, 2002, and during the period from inception on March 17, 1999
through June 30, 2002, respectively.

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

          At June 30, 2002, the Company had total current assets of
$2,311 and total liabilities of $12,441.  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 seek a suitable merger or
acquisition candidate through the end of the third quarter of 2002.  Because
the Company has not yet commenced material operations, we expect that any
future capital requirements will be met through additional loans from
management.

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.

                        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.

          None.

<PAGE>

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

                                        HIGHWAY ONE-OWEB, INC.


Date: 8-13-02                           By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President

<PAGE>

                      CERTIFICATION PURSUANT TO
                        18 U.S.C.SECTION 1350
                        AS ADOPTED PURSUANT TO
             SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


     In connection with the Quarterly Report of Highway One-OWEB (the
"Company") on Form 10-QSB for the period ending June 30, 2002, as filed with
the Securities and Exchange Commission on the date hereof (the "Report"), I,
Pete Chandler, President of the Company, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that to the best of my knowledge and belief:

     (1)  The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
material respects, the financial condition and result of operations of the
Company.

     Dated: 8-13-02                         /s/ Pete Chandler
           ------------                    -----------------------------
                                           Pete Chandler, President