SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

     [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 number: 0-30061
                                 -------


                               STARUNI CORPORATION
                         -------------------------------
        (Exact name of small business issuer as specified in its charter)





           California                                  95-2210753
          ------------                                -----------
  (State or other jurisdiction of           (I.R.S. Employer Identification No.)
   incorporation or organization)





               1642 Westwood Blvd., Los Angeles, California 90024
               --------------------------------------------------
               (Address of principal executive office) (Zip Code)


                                 (310) 470-9358
                              ---------------------
                           (Issuer's telephone number)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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.

                                    Yes XX           No

         The number of outstanding  shares of the issuer's common stock,  $0.001
par value (the only class of voting stock), as of June 30, 2000 was 14,396,839

                                        1


<PAGE>



                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS..................................................3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS..................................4


                                     PART II

ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES................................6

ITEM 5.  OTHER INFORMATION.....................................................7

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K......................................7


SIGNATURES.....................................................................8

INDEX TO EXHIBITS..............................................................9











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<PAGE>



ITEM 1.           FINANCIAL STATEMENTS

         As used herein,  the term "Company"  refers to Staruni  Corporation,  a
California  corporation,  and its subsidiaries and predecessors unless otherwise
indicated.  Consolidated,  unaudited,  condensed  interim  financial  statements
including a balance sheet for the Company as of the quarter ended June, 2000 and
statements of operations, and statements of cash flows for the interim period up
to the date of such balance  sheet and the  comparable  period of the  preceding
year are attached hereto as Pages F-1 through F- 5 and are  incorporated  herein
by this reference.








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                                        3


<PAGE>




                               STARUNI CORPORATION
                       UNAUDITED CONDENSED BALANCE SHEETS
                               AS OF JUNE 30, 2000

ASSETS

Current assets

     Cash                                                     $           97,746
     Receivables                                                          12,940
     Advance to stockholder                                              109,000
     Prepaid expenses                                                      5,000
                                                                    ------------
Total Current Assets                                                     224,686
                                                                      ----------
Property and equipment, net of accumulated depreciation                    2,174
Total Assets                                                  $          226,860
                                                                      ==========

LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities

     Accounts and Accrued Payables                            $           6,988
                                                                    -----------
Total Current Liabilities                                                 6,988
                                                                    -----------
Long-term liabilities
     Loans from Officers                                                    850
                                                                   ------------
Total long-term liabilities                                                 850
                                                                   ------------
TOTAL LIABILITIES                                                         7,838
Shareholders' Equity
     Class B Preferred Stock, no par value authorized
     5,000,000 shares,  issued and outstanding 0 shares
     Common stock, no par value, 250,000,000 shares
     authorized, 14,396,839 shares issued and outstanding
     with 68,748 shares held in treasury at June 30, 2000             1,241,213
Common stock subscription (receivable)                                 (401,837)
Accumulated (deficit)                                                  (620,354)
                                                                 --------------
Net Stockholders' Equity                                                219,022
                                                                 --------------
Total Liabilities and Stockholders' Equity                    $         226,860
                                                                 ==============


            See Accompanying Notes to Unaudited Financial Statements

                                       F-1

<PAGE>




<TABLE>

                                                STARUNI CORPORATION
                                     UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
                               FOR THE THREE AND NINE MONTHS ENDING JUNE 30, 2000 AND 1999



<CAPTION>

                                                          Three Months Ended            Nine Months Ended
                                                              June 30                       June 30
                                                         2000         1999              2000        1999
                                                    ------------  -----------       ----------  --------
<S>                                                  <C>            <C>            <C>           <C>
Income                                               $    41,813  $    39,154         $169,902    $148,194
                                                         -------      -------         --------    --------
Computer and Internet related expenses                    38,479       41,389          129,785     104,823

General and administration expenses                      120,433      103,062          205,386     227,813
                                                     -----------   ----------      ----------- -----------
Total operating expenses                                 158,912      144,451          336,171     332,636
                                                     -----------   ----------      ----------- -----------

Income (loss) from operations before                    (117,099)    (105,297)        (165,269)   (184,442)
        provision for income taxes

Provision for income taxes                                   -            -                 -           -
                                                     -------------------------    ------------------------
Net (loss)                                           $  (117,099)  $ (105,297)      $ (165,269) $ (184,442)
                                                     ============  ===========      =========== ===========
Income (loss) per weighted-average share
      of common stock outstanding                          (0.01)       (0.03)           (0.01)      (0.05)
                                                    ==========================    =========================
Weighted-average number of common
      stock outstanding                               14,396,839    3,595,576       14,396,839   3,595,576
                                                     -----------  ------------     ------------  ----------
</TABLE>


            See Accompanying Notes to Unaudited Financial Statements

                                       F-2


<PAGE>


<TABLE>

                               STARUNI CORPORATION
             UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY
                    FOR THE SIX MONTHS ENDING MARCH 31, 2000
<CAPTION>

                                                                                          Common
                                            Class B                                        Stock        Accumulated          Net
                                          Preferred Stock          Common Stock         Subscription     (Deficit)         Equity
                                                                                        (Receivables)
                                    Shares    Amount        Shares           Amount
<S>                                <C>      <C>         <C>            <C>             <C>            <C>             <C>

Balance September 30, 1997                -  $     -      3,245,576    $      132,240   $       -        $ (24,788)   $     107,452
Issuance of Shares                        -        -        350,000            40,142           -                -           40,142
Net (loss)                                -        -              -                 -           -         (125,541)        (125,541)
                                    -------   ------   -------------   ---------------  -----------      ----------       ----------
Balance September 30, 1998                -        -      3,595,576           172,382           -         (150,329)          22,053
Issuance of Shares                        -        -     10,286,251           991,581    (513,281)               -          478,300
Net (loss)                                -        -             -                  -           -         (304,756)        (304,756)
                                    ------- --------  --------------   ---------------  ----------       ----------     ------------
Balance September 30, 1999                -        -     13,881,827         1,163,963    (513,281)        (455,085)         195,597
Payments on previous stock issued                                                          29,444                -           29,444
Net (loss) - three months                 -        -                                -           -          (27,132)         (27,132)
                                    ------- -------- ---------------   ---------------  -----------      ---------    --------------
Balance December 31, 1999                 -        -     13,881,827         1,163,963    (483,837)        (482,217)         197,909
Payments on previous stock  issued                                                         82,000                -           82,000
Net (loss) - three months                 -        -              -                 -           -          (21,038)         (21,038)
Balance as of March 31, 2000              -        -     13,881,827     $   1,163,963  $ (401,837)        (503,255)  $      258,871
                                    -------  -------  -------------    --------------   -----------      ----------    -------------
Issuance of Shares                                          515,012            77,250                                        77,250
Net (loss) - three months                                                                                 (117,099)        (117,099)
Balance as of June 30, 2000               -  $     -     14,396,839     $   1,241,213  $ (401,837)      $ (620,354)  $      219,022
                                    =======  ========     ==========   ===============  ===========    ===========   ==============
</TABLE>

                        See Accompanying Notes to Unaudited Financial Statements

                                                           F-3

<PAGE>


<TABLE>

                                                   STARUNI CORPORATION
                                      UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
                                    FOR THE SIX MONTHS ENDING MARCH 31, 2000 AND 1999
<CAPTION>

                                                                                                Six Months Ended
                                                                                                     June 30
                                                                                                    Unaudited
                                                                                         2000                      1999
                                                                                 ------------------          ----------------
<S>                                                                             <C>                      <C>
Cash Flows From Operating Activities Net (loss)                                    $      (165,268)       $        (184,442)
                                                                                 ------------------            -------------
Adjustments To Reconcile Net Loss To Net Cash
         Used In Operating Activities

                     Depreciation                                                                -                        -
                     Issuance of stock for services                                         77,250                        -
                     Decrease (increase) in prepaid expense                                 (5,000)                       -
                     (Increase) in receivables                                                 (45)                  (2,167)
                     Increase (decrease) in accounts and accrued payables                   (3,526)                   4,333
                                                                                   ----------------         ---------------
                                         Net Adjustment                                    (68,679)                   2,166
                                                                                   ----------------         ---------------
                                         Net Cash (Used) In Operating Activities           (96,590)                (180,276)
                                                                                   ----------------         ----------------
Cash Flows From Investing Activities

                     Increase in property, plant, & equipment                                    -                        -
                                                                                   ----------------         ---------------
                                       Net Cash (Used) By Investing Activities                   -                        -
                                                                                   ----------------         ---------------
Cash Flows From Financing Activities

                    (Increase) in loans to stockholder (net)                               (78,850)                       -
                    Proceeds from issuance of capital stock (Net)                          111,444                  202,341
                    Increase in long-term liabilities                                          850                        -
                                                                                   ----------------         ---------------
                                      Net Cash Provided By Financing Activities             33,444                  202,341
                                                                                   ----------------         ---------------

Net (decrease) in cash                                                                     (63,146)                  20,065

Cash-beginning                                                                             160,892                   22,230
                                                                                   ----------------         ----------------
Cash-end                                                                           $        97,746        $         (42,295)
                                                                                   ----------------         ================
Non-cash items
            Stock issued for services                                              $        77,250        $               -
                                                                                   ================         ===============

</TABLE>



                                       F-4

<PAGE>





                               STARUNI CORPORATION
                      NOTES TO UNAUDITED INTERIM CONDENSED
                              FINANCIAL STATEMENTS
                       FOR THE PERIODS ENDED JUNE 30, 2000


NOTE 1 - BASIS OF PRESENTATION

      The interim  financial  statements at June 30, 2000, and for the three and
      nine month periods ended June 30, 2000 and 1999 are unaudited, but include
      all  adjustments   which  the  Company  consider   necessary  for  a  fair
      presentation.

      The  accompanying  unaudited  financial  statements  are for  the  interim
      periods  and do not include all  disclosures  normally  provided in annual
      financial statements, and should be read in conjunction with the Company's
      Form  10-KSB for the year  ended  September  30,  1999.  The  accompanying
      unaudited  interim  financial  statements  for the  three  and nine  month
      periods ended June 30, 2000, are not necessarily indicative of the results
      which can be expected for the entire year.

      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 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.

NOTE 2 - INCOME TAXES

      The Company accounts for income taxes in accordance with the provisions of
      Statement of  Financial  Accounting  Standards  No. 109,  "Accounting  for
      Income Taxes" ("SFAS 109"), which requires an asset and liability approach
      to  accounting  for income taxes.  Under SFAS 109,  deferred tax assets or
      liabilities are computed on the difference between the financial statement
      and income tax bases of assets and liabilities  ("temporary  differences")
      using the  enacted  marginal  tax rate.  Deferred  income tax  expenses or
      benefits  are based on the  changes  in the  deferred  tax asset or income
      liability from period to period.

                                       F-5

<PAGE>



ITEM     2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


The Company

Staruni Corporation,  a California  corporation (the "Company"),  is an Internet
service  provider  ("ISP")  with  its  main  offices  located  in  Los  Angeles,
California.  The Company provides a wide array of Internet  services tailored to
meet the needs of individual and business  customers,  including  customers with
little or no online experience.  The Company does business mainly in California.
The Company presently has more than two thousand customers. The Company's growth
is attributable,  in part, to the use of media advertising. The Company operates
its ISP business through its  Cyberhotline  Division,  and advertises  itself as
Cyberhotline.

Internet access and related value-added services ("Internet services") represent
growing  segments  of the  telecommunications  services  marketplace.  Declining
prices in the PC  market,  continuing  improvements  in  Internet  connectivity,
advancements  in  Internet  navigation  technology,  and  the  proliferation  of
services,  applications,  information and other content on the Internet continue
to attract a rapidly growing number of Internet users. The Company is seeking to
attract a portion of the growing number of Internet users as customers.

The  Company  provides  a number  of  value-added  services,  such as  dedicated
high-speed access, news access, Web hosting and server co-location.  The Company
plans to evaluate and develop potential new value-added services,  and will seek
to leverage its current sales,  marketing and network capabilities in an attempt
to create  additional  revenue  opportunities.  The Company believes that a user
dense,  regionally  focused customer base will provide an excellent platform for
the  introduction  of new value- added services that can take advantage of brand
awareness  and  economies  of scope and scale,  potentially  including  Internet
telephony and video and audio programming distribution.

General.

The  Company's  major focus has been the  creation  and  development  of its ISP
business. As a by- product the Company has also been involved in the development
of its Web Hosting and Web Design business.

Results of Operations

Three months ended June 30, 2000 & 1999. Nine months ended June 30, 2000 & 1999.

Sales

Sales for the three months ended June 30, 2000 increased to $41,813 from $39,154
for the  comparable  period in 1999, an increase of 7%. The increase in revenues
was primarily  attributable  to an increase in the number of Internet  customers
resulting from the Company's marketing efforts.

Sales for the nine  months  ended  June 30,  2000  increased  to  $169,902  from
$148,194  for the nine months  ended June 30,  1999,  an increase of 14.6%.  The
increase in revenues is primarily  attributable to a marketing  campaign for the
Company's ISP business and the increase of customers attributable thereto.

                                        4


<PAGE>



Losses

Net losses for the three months ended June 30, 2000, were $117,099 up from a net
loss of $105,297 for the comparable period in 1999, an increase of $11,802.  Net
Losses for the nine  months  ended June 30,  2000  decreased  to  $165,269  from
$184,442 for the nine months  ended June 30,  1999.  The decrease in losses were
primarily attributable to a decrease in general and administrative  expenses and
an increase in sales income.

The Company expects that it may continue to incur losses at least through fiscal
2000 and there can be no  assurance  that the Company  will  achieve or maintain
profitability or that revenues will be generated or that growth can be sustained
in the future.

Expenses

Total Operating Expenses for the three months ended June 30, 2000,  increased to
$158,912 from $144,451 in the comparable period in 1999.

Total  Operating  Expenses for the nine months ended June 30, 1999  increased to
$335,171  from  $332,636 for the nine months ended June 30, 1998, an increase of
$2,535.

Computer  and Internet  related  expenses  decreased  sightly to $38,479 for the
three months ended June 30, 2000 from $41,389 in the three months ended June 30,
1999.

Computer and Internet related expenses increased to $129,785 for the nine months
ended June 30, 2000 from  $104,823 for the nine months ended June 30, 1999.  The
increase in Computer and  Internet  expenses is  primarily  attributable  to the
increase in the Company's ISP business.

General and Administrative  expenses,  for the three month period ended June 30,
2000,  increased  $17,371 from $103,062 at June 30, 1999 to $120,433 at June 30,
2000.

General and  Administrative  expenses,  for the nine month period ended June 30,
2000,  decreased  $22,427 from $227,813 at June 30, 1999 to $205,386 at June 30,
2000. The decrease in General and  Administrative  Expenses over the first three
quarter resulted from steps undertaken to operate the Company more efficiently.

B.     Liquidity and Capital Resources

As of June 30, 2000, the Company has current assets of $224,686 and total assets
of $226,860, as compared to $203,937 and $206,111, respectively at September 30,
1999. The Company had net working  capital of $217,698 at June 30, 2000 compared
to net working capital of $193,423 at September 30, 1999.

Net stockholder's  equity in the Company was $219,022 at June 30, 2000, compared
to $206,111 as of September 30, 1999.

                                        5


<PAGE>



Cash flows used in  operations  were  $96,590 for the nine months ended June 30,
2000 as compared to cash flows used in operations of $182,276 for the comparable
period in 1999.  Negative  cash flows are  primarily  attributable  to marketing
costs.

Cash flows generated from financing  activities were $33,444 for the nine months
ending June 30, 2000, as compared to $202,341 for the comparable period in 1999.
The  Company's   financing   activities  have  primarily  consisted  of  private
placements of its common stock.

Capital Expenditures

The Company made no significant  capital  expenditures  on property or equipment
during either 1999 or to date in 2000.  The Company has no present plans for any
significant capital expenditures during the remainder of this fiscal year.

                                     PART II

ITEM 2.           RECENT SALES OF UNREGISTERED SECURITIES

On May 8, 2000, the Company issued a total of 300,000 shares of its common stock
at $0.01 per share pursuant to the Staruni Corporation  employee benefit plan to
the following individuals for Services to the Company pursuant to Rule 701 under
Regulation D of the Securities Act of 1933:

    Name                                                 Number of Shares

Richard D. Surber                                             270,000
Edward T. Wells                                                20,000
Julieanne Piirala                                               5,000
Allan Merrill                                                   5,000

The  Company  relied on the  following  facts in  determining  that Rule 701 was
available: (a) the shares were issued pursuant to a written compensatory benefit
plan  issued  by the  Company,  (b) the  individuals  listed  rendered  bonafide
services not in  connection  with the offer or sale of  securities  in a capital
raising  transaction,  (c) the shares were issued pursuant to a written contract
relating to the issuance of shares paid as compensation  for services  rendered,
and (d) the amount of shares  offered  and sold in  reliance on Rule 701 did not
exceed  $500,000 and all securities sold in the last 12 months have not exceeded
$5,000,000.  These  shares  were  subsequently  registered  pursuant  to an  S-8
registration filed by the Company on June 12, 2000.

On June 23,  2000 the  Company  issued a total  of  215,000  shares  of stock to
officers and  employees of the Company  pursuant to the  Company's  2000 Benefit
Plan as set out below.  The shares were issued  pursuant to an S-8  Registration
filed with the Securities and Exchange Commission on June 12, 2000.

                                        6


<PAGE>




NAME                                                          NUMBER OF SHARES
Bruce Stuart                                                  140,000
Robert Riecks                                                 25,000
Laurie Weinstock                                              25,000
Michael Petrusis                                              25,000


ITEM 5.           OTHER INFORMATION

In  early  June,  2000,  the  Company  opened  an  Internet   storefront  called
"ibargain.com." The site offers discounted prices on brand name merchandise such
as  watches,  electronics  and  cameras.  The  Company  is working to expand the
variety of merchandise which is available on the site. Customers of ibargain.com
will also be offered free Internet access through the Company's Internet Service
Provider ("ISP"), Cyberhotline.

During the first half of June,  2000 the Company also increased its service area
for its  Cyberhotline  ISP by  expanding  from the southern  California  area to
include 33  additional  states and the  District of Columbia as well as offering
service in Japan and Canada

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits Exhibits required to be attached by Item 601 of Regulation S-B are
     listed in the Index to  Exhibits  on page 10 of this Form  10-QSB,  and are
     incorporated herein by this reference.

(b)  Reports on Form 8-K. No reports  were filed on Form 8-K during the quarter.
     -------------------






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<PAGE>



                                   SIGNATURES

In  accordance  with  Section 12 of the  Securities  Exchange  Act of 1934,  the
registrant caused this registration  statement to be signed on its behalf by the
undersigned, thereunto duly authorized, this 4th day of August, 2000.

                               Staruni Corporation

                               /s/ Bruce D. Stuart
                               ----------------------
                              Bruce D. Stuart, Chief Executive Officer,
                              Chief Financial Officer

                                        8


<PAGE>



ITEM 2.  DESCRIPTION OF EXHIBITS

                                INDEX TO EXHIBITS

Exhibit

No.        Page No.          Description

2(i)       *        Articles of Incorporation of Altius Corp. dated  February 1,
                    1962 and filed February 5, 1962.

2(ii)      *        Certificate  of  Amendment  of Articles  of Incorporation of
                    Altius Corp. dated January 29, 1971 and filed April 9, 1971.

2(iii)     *        Certificate  of  Amendment  of Articles  of Incorporation of
                    Altius Corp. dated December 30,1996 and filed March 24, 1997
                    wherein the name of the corporation was changed  from Altius
                    Corp. to Staruni Corporation.

2(iv)               *   Certificate   of   Amendment   of   Articles   of
                    Incorporation of Staruni  Corporation  dated June 15,
                    1999 and filed August 20, 1999.

2(v)       *        By-Laws of Altius Corp. (Staruni Corporation) dated February
                    8, 1962

10         **       Staruni Employee Benefit Plan dated March 15, 1999

23         *        Consent Letter of Auditor

27         __       Financial Data Schedule "CE"

*  Incorporated   by  reference  from  Form  10-SB  filed  March  22,  2000.
** Incorporated by reference from Form 10-SB/A filed May 12, 2000.

                                        9