<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 March 31, 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       No X
        ---   ---                    ---      ---
<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:

                              May 12, 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

               March 31, 2000 and December 31, 1999
<PAGE>
              INDEPENDENT ACCOUNTANTS' REVIEW REPORT


To the Board of Directors
Highway One-OWeb, Inc.
(A Development Stage Company)
Ogden, Utah


We have reviewed the accompanying balance sheet of Highway One-OWeb, Inc. (a
development stage company) as of March 31, 2000 and the related statements of
operations, stockholders' equity and cash flows  for the periods ended March
31, 2000 and 1999.  These financial statements are the responsibility of the
Company's management.

We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants.  A review of interim
financial information consists principally of applying analytical procedures
to financial data, and making inquiries of persons responsible for financial
and accounting matters.  It is substantially less in scope than an audit
conducted in accordance with generally accepted auditing standards, which will
be performed for the full year with the objective of expressing an opinion
regarding the financial statements taken as a whole.  Accordingly, we do not
express such an opinion.

Based on our reviews, we are not aware of any material modifications that
should be made to the accompanying condensed financial statements referred to
above for them to be in conformity with accounting principles generally
accepted in the United States.

We have previously audited, in accordance with auditing standards generally
accepted in the United States, the balance sheet of Highway One-OWeb, Inc. (a
development stage company) as of December 31, 1999, and the related statements
of operations, stockholders' equity, and cash flows for the year then ended
(not presented herein) and in our report dated March 25, 2000, we expressed an
unqualified opinion on those consolidated financial statements.



HJ & Associates, LLC
Salt Lake City, Utah
May 3, 2000
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                                 March 31,       December 31,
                                                  2000              1999
<S>                                             <C>               <C>
CURRENT ASSETS

 Cash                                     $             16,347    $ 25,599

  Total Current Assets                                  16,347      25,599

FIXED ASSETS (NET)                                       4,605         -

  TOTAL ASSETS                            $             20,952    $ 25,599


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accounts payable                         $             -         $  4,556

  Total Current Liabilities                             -            4,556

  TOTAL LIABILITIES                                     -            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      (18,848)    (18,757)

  Total Stockholders' Equity                            20,952      21,043

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $   20,952    $ 25,599
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Operations
<CAPTION>
                                                                  From
                                                              Inception on
                                                               March 17,
                                 For the Three Months Ended   1999 Through
                                          March 31,             March 31,
                                 2000             1999            2000
<S>                           <C>            <C>            <C>
REVENUES                       $      150    $    -          $    150

EXPENSES

 General and administrative           241         122          18,998

  Total Expenses                      241         122          18,998

NET LOSS                       $      (91)    $  (122)      $ (18,848)

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

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING             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 three months
 ended March 31, 2000              -              -         -          (91)

Balance, March 31, 2000       2,348,000     $  2,348  $ 37,452   $ (18,848)
</TABLE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
<CAPTION>
                                                                  From
                                                              Inception on
                                                               March 17,
                                 For the Three Months Ended   1999 Through
                                          March 31,             March 31,
                                 2000             1999            2000
<S>                           <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES

 Net (loss)                    $      (91)     $ (122)        $ (18,848)
 Change in operating assets
  and liabilities:
    (Decrease) in accounts payable (4,556)        -                 -

       Net Cash (Used) by
       Operating Activities        (4,647)       (122)          (18,848)

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

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

NET INCREASE (DECREASE) IN CASH AND
 CASH EQUIVALENTS                  (9,252)     39,678            16,347

CASH AND CASH EQUIVALENTS AT BEGINNING
 OF PERIOD                         25,599         -                 -

CASH AND CASH EQUIVALENTS AT END OF
 PERIOD                          $ 16,347   $  39,678         $  16,347

CASH PAID FOR:

 Interest                        $    -     $     -           $     -
 Income taxes                    $    -     $     -           $     -
</TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
               March 31, 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.

                                    For the Three Months Ended
                                           March 31, 2000
                                 Loss        Shares    Per Share
                             (Numerator) (Denominator)  Amount

       Net loss                $ (91)     2,348,000    $ (0.00)



                                    For the Three Months Ended
                                           March 31, 1999
                                 Loss        Shares    Per Share
                             (Numerator) (Denominator)  Amount

       Net loss                $(122)        90,060    $ (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.

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; a copy is
enclosed.  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 March 31, 2000, the Company
received $150 in revenues. Total expenses during the period from inception on
March 17, 1999 through March 31, 2000, were $18,998; the Company has incurred
a net loss of ($18,848) during that period.

Liquidity.

          At March 31, 2000, the Company had total current assets of
$16,347 and no total liabilities.  Management believes that its cash on hand
of $16,347 will be sufficient to allow it to begin its operations.

                        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: 5/15/2000                            By: /s/ Pete Chandler
     ----------                            --------------------
                                           Pete Chandler
                                           Director and President