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, 2003

[ ]  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)

                                 2001 Potomac
                             Houston, Texas 77057
                             --------------------
                 (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:

                                May 14, 2003

                                 22,348,000

                      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, 2003 and December 31, 2002
<PAGE>
<TABLE>
                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                                March 31,   December 31,
                                                   2003        2002
                                                 (Unaudited)
<S>                                              <C>          <C>
CURRENT ASSETS

 Cash                                            $         437 $       607
                                                 ------------- -----------
  Total Current Assets                                     437         607
                                                 ------------- -----------
FIXES ASSETS (NET)                                           -       2,072
                                                 ------------- -----------
  TOTAL ASSETS                                   $         437 $     2,679
                                                 ============= ===========
               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

 Accrued expenses                                $       1,343 $     1,000
 Accounts payable                                        7,017       4,231
 Note payable-related party                             16,478      10,000
                                                 ------------- -----------
  Total Current Liabilities                             24,838      15,231
                                                 ------------- -----------
  TOTAL LIABILITIES                                     24,838      15,231
                                                 ------------- -----------
STOCKHOLDERS' EQUITY (DEFICIT)

 Common stock: 100,000,000 shares authorized of
  $0.001 par value, 22,348,000 and 2,348,000
  shares issued and outstanding, respectively           22,348       2,348
 Additional paid-in capital                             37,452      37,452
 Deficit accumulated during the development stage      (84,201)    (52,352)
                                                 ------------- -----------
  Total Stockholders' Equity (Deficit)                 (24,401)    (12,552)
                                                 ------------- -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
  (DEFICIT)                                      $         437 $     2,679
                                                 ============= ===========
</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,
                                               2003       2002        2003
<S>                                          <C>        <C>       <C>
REVENUES                                      $       -  $     150   $    300
                                              ---------  ---------   --------
EXPENSES

 Depreciation                                        96        231      2,629
 Incentive compensation (Note 3)                 20,000          -     20,000
 General and administrative                      11,737      6,823     60,856
                                              ---------  ---------   --------
  Total Expenses                                 31,833      7,054     83,485
                                              ---------  ---------   --------
LOSS FROM OPERATIONS                            (31,833)    (6,904)   (83,185)
                                              ---------  ---------   --------
OTHER INCOME (EXPENSE)

 Interest expense                                  (343)      (250)    (1,343)
 Gain on sale of asset                              327          -        327
                                              ---------  ---------   --------
  Total Other Income (Expense)                      (16)      (250)    (1,016)
                                              ---------  ---------   --------
NET LOSS                                      $ (31,849) $  (7,154)  $(84,201)
                                              =========  =========   ========
BASIC LOSS PER SHARE                              (0.00)     (0.00)
                                              =========  =========
BASIC WEIGHTED AVERAGE SHARES                13,903,556  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 December 31, 2001            -         -          -        (9,780)
                             ---------  --------  ---------    --------
Balance, December 31, 2001   2,348,000     2,348     37,452     (37,939)

Net loss for the year
ended December 31, 2002            -         -          -       (14,413)
                             ---------  --------  ---------    --------
Balance, December 31, 2002   2,348,000     2,348     37,452     (52,352)

Issuance of common stock to
director for services
(unaudited)                 20,000,000    20,000        -           -

Net loss for the three
months ended March 31, 2003
(unaudited)                        -         -          -       (31,849)
                            ----------  --------  ---------    --------
Balance, March 31, 2003
(unaudited)                 22,348,000  $ 22,348  $  37,452    $(84,201)
                             =========  ========  =========    ========
</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,
                                 2003                2002          2003
<S>                              <C>             <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss)                           $  (31,849)  $   (7,154)   $  (84,201)
Adjustments to reconcile loss from
 operations to net cash used by
 operating activities:
   Depreciation                              96          231         2,629
   Common stock issued for services      20,000            -        20,000
   Gain on sale of assets                  (327)           -          (327)
 Change in operating assets and
  liabilities:

   Increase in accrued expenses             343          250         1,343
   Increase in accounts payable           2,786        3,430         7,017
                                     ----------   ----------    ----------
       Net Cash Used by
       Operating Activities              (8,951)      (3,243)      (53,539)
                                     ----------   ----------    ----------
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                                    8,781       10,000        18,781
Common stock issued for cash                  -            -        39,800
                                     ----------   ----------    ----------
       Net Cash Provided by Financing
       Activities                         8,781       10,000        58,581
                                     ----------   ----------    ----------
NET INCREASE (DECREASE) IN CASH            (170)       6,757           437

CASH AT BEGINNING OF PERIOD                 607          525             -
                                     ----------   ----------    ----------
CASH AT END OF PERIOD                $      437   $    7,282    $      437
                                     ==========   ==========    ==========
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, 2003 and December 31, 2002


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 accounting
principles generally accepted in the United States of America 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, 2002 Annual Report on Form 10-KSB.  Operating
results for the three months ended March 31, 2003 are not necessarily
indicative of the results that may be expected for the year ending December
31, 2003.

NOTE 2 - GOING CONCERN

The Company's financial statements are prepared using accounting principles
generally accepted in the United States of America 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.

NOTE 3 - MATERIAL EVENTS

On February 7, 2003, the Company consummated a purchase agreement with its
president Mr. Pete Chandler, whereby the Company sold its computer equipment
to Mr. Chandler in exchange for a credit toward its note payable to Mr.
Chandler for $2,303.  In addition, the purchase agreement stipulated that Mr.
Chandler resign his position as president, secretary, and director of the
Company, and that his positions be filled by Mr. Ben Hansel.  Furthermore, Mr.
Hansel was issued 20 million shares of the Company's restricted common stock
(at par value of $0.001 per share) as consideration for his agreement to serve
as director and executive officer of the Company.  As of March 31, 2003, Mr.
Hansel's 20 million shares represent an 89% ownership of the Company.

In May, 2003, the Company created Michele Audio, Inc. ("Subsidiary"), as a
wholly-owned subsidiary.  Michele was incorporated as a Delaware Company,
expressly for the purpose of merging with an existing operating company, as
discussed below.  On the date of incorporation, Michele was authorized to
issue 100,000,000 shares of common stock, $0.001 par value.

                                  6
<PAGE>

                      HIGHWAY ONE-OWEB, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
              March 31, 2003 and December 31, 2002

NOTE - MATERIAL EVENTS (Continued)

In May, 2003, the Company entered into an Agreement and Plan of Merger with
Michele Audio Company, a New Jersey Company ("Michele"), whereby Michele is to
be merged with and into Subsidiary.  Per the Agreement, the outstanding shares
of Michele, with the exception of any dissenting shares, shall be converted
into 13,392,000 "unregistered" and "restricted" shares of the Company's common
stock.  As an additional stipulation of the Agreement, the Company's
president, Mr. Ben Hansel, will surrender 19,000,000 shares of his common
stock held in the Company.  Thus, immediately after the Agreement becomes
effective, the shareholders of Michele would hold 80% of the Company's common
stock.  Immediately after the closing of the merger, the Company is to conduct
a forward-split of its issued and outstanding shares of common stock in the
ratio of three shares for one, such that the total number of outstanding
shares immediately subsequent to the completion of the merger would be
50,220,000.

Upon completion of the Merger Agreement, the business operations of the
Company would become the operations of Michele, and the stockholders of
Michele would become the controlling stockholders of the Company.  In
addition, the Company's sole director, Ben Hansel, would resign his position
and the nominees of Michele would be appointed to serve on the Company's Board
of Directors.

As of the date of this report, the Company's merger with Michele had not yet
been consummated, and is not expected to be consummated until ample due
diligence has been completed by all parties to the Agreement.

                                     7

<PAGE>

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

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

     On February 7, 2003, we entered into a Purchase Agreement between Highway
One, Pete Chandler and Benjamin Hansel.  At the time the parties executed the
Purchase Agreement, Mr. Chandler was our sole director and President and was
the owner of 2,000,000 shares, constituting approximately 85.2% of our issued
and outstanding common stock.  Under the Purchase Agreement, Mr. Chandler, as
our sole director, executed a resolution by which we issued 20,000,000
"unregistered" and "restricted" shares of our common stock to Mr. Hansel in
consideration of Mr. Hansel's agreement to serve as director and executive
officer of Highway One and his payment of all of Highway One's costs and
expenses incurred in connection with the Purchase Agreement.  For more
information regarding the Purchase Agreement, see the Current Report on Form
8-K dated February 7, 2003, which was filed with the Securities and Exchange
Commission on February 12, 2003, and which is incorporated herein by this
reference.  See Part II, Item 6 of this Report.

     On February 20, 2003, Highway One and Michele Audio Corporation, a New
Jersey corporation ("Michele Audio"), entered into an Agreement and Plan of
Merger, which was amended in May, 2003 (as amended, the "Merger Agreement").
Under the Merger Agreement, we agreed that the outstanding shares of Michele
Audio, with the exception of any dissenting shares, shall be converted into
13,392,000 "unregistered" and "restricted" shares of Highway One's common
stock on a pre-split basis or 80% of our issued and outstanding capital stock
on a fully diluted basis.

     Under the Merger Agreement, Michele Audio is to be merged into our
wholly-owned subsidiary, Michele Audio, Inc., a Delaware corporation ("Michele
Delaware").  Immediately after the closing of the merger, Highway One is to
conduct a forward split of its issued and outstanding shares of common stock
in the ratio of three shares for one.

     Upon completion of the Merger Agreement, the business operations of
Highway One would be the operations of Michele Audio and the stockholders of
Michele Audio would become the controlling stockholders of Highway One.  In
addition, Mr. Hansel, our current sole director would resign and the nominees
of Michele Audio would be appointed to serve on our Board of Directors.

     As of the date of this Report, we have formed Michele Delaware in
anticipation of the completion of the merger.  However, the Merger Agreement
is still subject to due diligence by the parties and has not been completed.
The Merger Agreement is subject to modification and there is no assurance that
it will be completed or that, if it is, that it will be completed on its
current terms or that our operations will be successful.  If and when we
complete the Merger Agreement, we will promptly file with the Securities and
Exchange Commission a Current Report on Form 8-K disclosing the transaction
and the business operations of Michele Audio.  The Merger Agreement and the
Certificate of Incorporation of Michele Delaware are attached hereto and
incorporated herein by reference.  See Item Part II, Item 6 of this Report.

     Our plan of operation for the next 12 months is complete the Merger
Agreement with Michele Audio.  Following such completion, our operations will
become those of Michele Audio.  If we are unable to complete the Merger
Agreement, we will continue to seek the acquisition of assets, properties or
businesses that may benefit Highway One and its stockholders. Management
anticipates that to achieve any such acquisition, we will issue shares of our
common stock as the sole consideration for such acquisition.

     If we do not complete the Merger Agreement, our only foreseeable cash
requirements for the next 12 months will relate to maintaining Highway One in
good standing or the payment of expenses associated with reviewing or
investigating any potential business venture, which may be advanced by
management or principal stockholders as loans to Highway One.  Because we have
not identified any such venture as of the date of this Report, it is
impossible to predict the amount of any such loan.  However, any such loan
will not exceed $25,000 and will be on terms no less favorable to Highway One
than would be available from a commercial lender in an arm's length
transaction.  As of the date of this Report, we are working toward the
completion of the Merger Agreement and have not begun to seek any such
venture.

     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 Highway One, 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 our 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 our reports on file with the Securities and Exchange Commission:
(i) general economic or industry conditions, nationally and/or in the
communities in which we may conduct business; (ii) changes in the interest
rate environment, legislation or regulatory requirements; (iii) conditions of
the securities markets; (iv) changes in any industry in which we may engage;
(v) the development of products or services that may be superior to
any products or services that we may offer or develop; (vi) competition;
(vii) changes in the quality or composition of products or services that we
may develop; (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 our 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.  Highway One 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

     Within the 90-day period prior to the date of this Report, Highway One's
President has evaluated our disclosure controls and procedures, and he
concluded that these controls and procedures are effective.

         (b)  Changes in Internal Controls

     Subsequent to the date that we carried out the evaluation, there have
been no significant changes in internal controls or in other factors that
could significantly affect these controls.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
          ------------------

     None; not applicable.

Item 2.   Changes in Securities.
          ----------------------

     None; not applicable.

     Recent Sales of Unregistered Securities.
     ----------------------------------------

     On February 6, 2003, Pete Chandler, who was then the sole director of
Highway One, authorized the issuance of 20,000,000 "unregistered" and
"restricted" shares of our common stock to Benjamin Hansel in connection with
the Purchase Agreement.  See Part I, Item 2 of this Report.

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.

Exhibit Number                    Description
--------------                    -----------

      3                           Certificate of Incorporation of Michele
                                  Delaware.

     10                           Merger Agreement.

          (b)  Reports on Form 8-K.

         8-K Current Report dated February 7, 2003, filed February 12, 2003.


<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: May 14, 2003                         By: /s/ Benjamin Hansel
     -------------                            --------------------
                                              Benjamin Hansel
                                              Director, President and
Secretary

<PAGE>

                   CERTIFICATION PURSUANT TO
         SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

     I, Benjamin Hansel, President and Secretary 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: May 14, 2003         Signature: /s/ Benjamin Hansel
       ------------                    -------------------
                                       Benjamin Hansel
                                       President and Secretary

<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, Inc. (the
"Registrant") on Form 10-QSB for the period ending March 31, 2003, as filed
with the Securities and Exchange Commission on the date hereof (the "Quarterly
Report"), I, Benjamin Hansel, President, Secretary and director of the
Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, that:

     (1) The Quarterly 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 Quarterly Report fairly presents,
in all material respects, the financial condition and result of operations of
the Registrant.

     Dated May 14, 2003                        /s/ Benjamin Hansel
           --------------                     ------------------------
                                              President and Secretary