FORM 10-QSB

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

     For the quarterly period ended March 31, 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:

                               March 31, 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

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

                              ASSETS

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

 Cash                                            $       7,282 $       525
                                                 ------------- -----------
  Total Current Assets                                   7,282         525
                                                 ------------- -----------
FIXES ASSETS (NET)                                       2,763       2,993
                                                 ------------- -----------
  TOTAL ASSETS                                   $      10,045 $     3,518
                                                 ============= ===========
               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                                $       5,338 $     1,657
 Note payable-related party                             10,000           -
                                                 ------------- -----------
  Total Current Liabilities                             15,338       1,657
                                                 ------------- -----------
  TOTAL LIABILITIES                                     15,338       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      (45,093)    (37,939)
                                                 ------------- -----------
  Total Stockholders' Equity (Deficit)                  (5,293)      1,861
                                                 ------------- -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  (DEFICIT)                                      $      10,045 $     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          March 17,
                                             Three Months Ended  1999 Through
                                                   March 31,       March 31,
                                               2002       2001        2002
<S>                                          <C>        <C>       <C>
REVENUES                                      $     150  $     150   $    450
                                              ---------  ---------   --------
EXPENSES

 General and administrative                       7,304      5,119     45,543
                                              ---------  ---------   --------
  Total Expense                                   7,304      5,119     45,543
                                              ---------  ---------   --------
NET LOSS                                      $ (7,154) $  (4,969)  $(45,093)
                                              =========  =========   ========
BASIC LOSS PER SHARE                              (0.00)     (0.00)
                                              =========  =========
BASIC WEIGHTED AVERAGE SHARES                 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
<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 three months
ended March 31, 2002
(unaudited)                        -         -          -        (7,154)
                             ---------  --------  ---------    --------
Balance, March 31, 2002
(unaudited)                  2,348,000  $  2,348  $  37,452    $(45,093)
                             =========  ========  =========    ========
</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 Three Months Ended    1999 Through
                                        March 31,               March 31,
                                 2002                2001          2002
<S>                              <C>             <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss)                           $   (7,154)  $   (4,969)   $  (45,093)
Adjustments to reconcile loss from
 operations to net cash used by
 operating activities:
   Depreciation                             231          231         1,842
 Change in operating assets and
 liabilities:
   (Decrease) in accounts payable         3,680        3,680         5,338
                                     ----------   ----------    ----------
       Net Cash (Used) by
       Operating Activities              (3,243)      (1,656)      (37,913)
                                     ----------   ----------    ----------
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 AND
  CASH EQUIVALENTS                        6,757       (1,656)        7,282

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD                                  525        9,280             -
                                     ----------   ----------    ----------
CASH AND CASH EQUIVALENTS AT END
 OF PERIOD                              $ 7,282     $  7,624     $   7,282

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
              March 31, 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 three months ended March 31, 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 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 March 31, 2002, the Company
received $150 in revenues.  During that period, our total expenses were
$7,304.  For the three months ended March 31, 2001, the Company received $150
in revenues and had expenses of $5,119. Total expenses during the period from
inception on March 17, 1999 through March 31, 2002, were $45,543; the Company
has incurred net losses of ($7,154), ($4,969) and ($45,093) during the three
months ended March 31, 2002, the three months ended March 31, 2001, and
during the period from inception on March 17, 1999 through March 31, 2002,
respectively.

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

          At March 31, 2002, the Company had total current assets of
$7,282 and total liabilities of $15,338.  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.

                        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.

          On February 15, 2002, Pete Chandler, who is the sole director of the
Company, resolved to terminate an Agreement and Plan of Merger that the
Company had entered into with Export Erez USA, Inc.  This matter was discussed
in our Current Report on Form 8-K, dated February 19, 2002, which was filed
with the Securities and Exchange Commission on March 6, 2002, and which is
incorporated herein by reference.  See Item 6 of this Report.

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.*

          *  Incorporated herein by reference.

<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: 5-14-02                           By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President