<PAGE>

                 U. S. Securities and Exchange Commission
                          Washington, D. C. 20549

                                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, 2000

[ ]  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) 392-6056

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, 2000

                                 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, 2000 and December 31, 1999
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>
                              ASSETS

                                                 June 30,      December 31,
                                                  2000             1999
                                                (Unaudited)
<S>                                            <C>             <C>
CURRENT ASSETS

 Cash                                     $             12,621  $ 25,599

  Total Current Assets                                  12,621    25,599

FIXED ASSETS (NET)                                       4,375       -

  TOTAL ASSETS                            $             16,996  $ 25,599

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                         $              2,321     4,556

  Total Current Liabilities                              2,321     4,556

  TOTAL LIABILITIES                                      2,321     4,556

STOCKHOLDERS' EQUITY

 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      (25,125)  (18,757)

  Total Stockholders' Equity                            14,675    21,043

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $   16,996  $ 25,599
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                     From
                                                                  Inception on
                                    For the       For the           March 17,
                             Six Months Ended  Three Months Ended 1999 Through
                                   June 30,       June 30,          June 30,
                          2000         1999     2000      1999        2000
 <S>                     <C>        <C>       <C>       <C>       <C>
REVENUES                 $     150   $     -    $     -    $     -  $     150

EXPENSES

  General and
  administrative             6,518       6,421      6,277      6,299   25,275

Total Expenses               6,518       6,421      6,277      6,299   25,275

NET LOSS                 $  (6,368)    $(6,421)  $ (6,277)  $ (6,299)$(25,125)

BASIC LOSS PER SHARE     $   (0.00)    $ (0.00)  $  (0.00)  $  (0.00)

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING      2,348,000    2,348,000  2,348,000    90,060
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Statements 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 six months
 ended June 30, 2000               -              -         -       (6,368)

Balance, June 30, 2000        2,348,000     $  2,348  $ 37,452   $ (25,125)
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                     From
                                                                  Inception on
                                    For the       For the           March 17,
                             Six Months Ended  Three Months Ended 1999 Through
                                   June 30,       June 30,          June 30,
                          2000         1999     2000      1999        2000
 <S>                     <C>        <C>       <C>       <C>       <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES

  Net (loss)             $(6,368)    $(6,421) $(6,277)   $(6,299) $(25,125)
  Adjustments to reconcile
   loss from operations
   to net cash used by
   operating activities:
   Depreciation               230         -       230        -         230
  Change in operating assets
  and liabilities:
   (Decrease) in accounts
   payable                 (2,235)      1,299   2,321      1,177     2,321

 Net Cash (Used) by
 Investing Activities      (8,373)     (5,122) (3,726)    (5,122)  (22,574)

CASH FLOWS FROM INVESTING
 ACTIVITIES

  Purchase of equipment    (4,605)        -       -           -     (4,605)

  Net Cash Used by
  Investing Activities     (4,605)        -       -           -     (4,605)

CASH FLOWS FROM FINANCING
 ACTIVITIES

  Common stock issued for
  cash                         -       39,800     -        39,800   39,800

 Net Cash Provided by
 Financing Activities          -       39,800     -        39,800   39,800

NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS  (12,978)    34,678  (3,726)     34,678   12,621

CASH AND CASH EQUIVALENT AT
 BEGINNING OF PERIOD        25,599        -    16,347         -        -

CASH AND CASH EQUIVALENTS
AT END OF PERIOD           $12,621    $34,678 $12,621    $ 34,678  $12,621

CASH PAID FOR:

  Interest                 $    -      $   -  $   -      $    -    $   -
  Income taxes             $    -      $   -  $   -      $    -    $   -
</TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
               June 30, 2000 and December 31, 1999


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       This summary of significant accounting policies of Highway One-OWeb,
       Inc. is presented to assist in understanding the Company's financial
       statements.  The financial statements and notes are representations
       of the Company's management, which is responsible for their integrity
       and objectivity.  These accounting policies conform to generally
       accepted accounting principles an have been consistently applied in
       the preparation of the financial statements.

       a.  Organization and Business Activities

       The name of the Company is Highway One-OWeb, Inc. (the Company).  The
       Company was incorporated in the State of Utah on March 17, 1999 to
       engage in any lawful activity, but more particularly to assist
       companies in marketing their goods and services on the internet.

       b.  Fiscal Year

       The Company operates on a calendar year basis.

       c.  Revenue Recognition

       The Company currently has no established source of revenues. Revenue
       recognition policies will be determined when principal operations
       begin.

       d.  Estimates

       The preparation of financial statements in conformity with generally
       accepted accounting principles requires management to make estimates
       and assumptions that affect the reported amounts of assets and
       liabilities and disclosure of contingent assets and liabilities at
       the date of the financial statements and the reported amounts of
       revenues and expenses during the reporting period.  Actual results
       could differ from those estimates.

       e.  Income Taxes

       No provision for income taxes has been accrued because the Company
       has net operating losses from inception.  The net operating loss
       carryforwards of approximately $19,000 at December 31, 1999 will
       expire in 2019.  No tax benefit has been reported in the financial
       statements because the Company is uncertain if the carryforwards will
       expire unused.  Accordingly, the potential tax benefits are offset by
       a valuation account of the same amount.

       f.  Cash and Cash Equivalents

       The Company considers all highly liquid investments with a maturity
       of three months or less when purchased to be cash equivalents.
<PAGE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
               June 30, 2000 and December 31, 1999


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

       g.  Basic Loss per Share of Common Stock

                                         For the Six Months Ended
                                              June 30, 2000
                                    Loss           Shares       Per Share
                                 (Numerator)   (Denominator)      Amount
       Net loss                    $ (6,368)     2,348,000      $  (0.00)



                                          For the Six Months Ended
                                               June 30, 1999
                                    Loss             Shares     Per Share
                                 (Numerator)     (Denominator)    Amount
       Net loss                    $ (6,421)        2,348,000   $  (0.00)

       The computations of basic loss per share of common stock is based on
       the weighted average number of shares outstanding during the period.

       h.  Unaudited Financial Statements

       The accompanying unaudited financial statements include all of the
       adjustments which, in the opinion of management, are necessary for a
       fair presentation.  Such adjustments are of a normal recurring
       nature.

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.

<PAGE>

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

Plan of Operation.

           In addition to its web page design and hosting services, the
Company plans 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 can be no assurance
that it will be successful in entering into a transaction with any such
entity.

     In furtherance of its business plan, on March 17, 2000, the Company
purchased a computer server for $4,605.06.

     The Company has retained its first customer, and has received a retainer
of $150 for web site design services.

     The Company has also designed an advertising brochure.  The brochure has
been designed to serve as a three-fold mailer that the Company will send out
to new businesses in surrounding counties.  The brochure will also be used as
a point of sale advertising tool.

Results of Operations.

          During the quarterly period ended June 30, 2000, the Company
received $0 in revenues. Total expenses during the period from inception on
March 17, 1999 through June 30, 2000, were $25,125; the Company has incurred
a net loss of ($25,125) during that period.

Liquidity.

          At June 30, 2000, the Company had total current assets of
$12,621 and total liabilities of $2,321.  Management believes that its cash on
hand of $12,621 will be sufficient to allow it to continue its operations for
the next six months.

                        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.

          Financial Data Schedule.

          (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: 8-9-00                            By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President