UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)


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

               For quarterly period ended September 30, 1999

               TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15  (d)  OF  THE
               SECURITIES EXCHANGE ACT OF 1934

               For the transition period from ________ to __________.


Commission file number 001-14889


                           INTERNET FOOD COMPANY, INC.
                           ---------------------------
             (exact name of registrant as specified in its charter)


         Nevada                                         88-0390657
         ------                                         ----------
(State or other jurisdiction                (IRS Employer Identification No.)
of incorporation or organization)

631-a Cass  Street, Suite 181
Monterey, California                                             93940
--------------------                                             -----
(Address of principal executive offices)                       (Zip Code)

Registrant's telephone number, including area code:  (831) 647-8553


Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required by Section 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 for the
past 90 days.

                              Yes           No      X

The number of shares of the  Registrant's  Common Stock,  $.001 par value, as of
September 30, 1999 was 17,780,695 outstanding.

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.


HAWKINS ACC0UNTING
--------------------------------------------------------------------------------
CERTIFIED PUBLIC ACC0UNTANT                   341 MAIN STREET  SALINAS, CA 93901
                                               (831)758-1694  FAX (831) 758-1699


To the Board of Directors
Internet Food Company
Monterey, California

I have reviewed the accompanying balance sheet of Internet Food Company, Inc. as
of September 30. 1999 and the related  statements of operations and statement of
cash flows for the periods ending September 30, 1999 and 1998, and the statement
of  shareholders  equity for the period ended  September 30, 1999, in accordance
with  Statements on Standards for Accounting and Review  Services  issued by the
American Institute of Certified Public Accountants.  All information included in
these financial  statements is the  representation of the management of Internet
Food Company, Inc.

A review consists  principally of inquiries of company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted accounting standards,  the objective
of which is the  expression of an opinion  regarding  the  financial  statements
taken as a whole. Accordingly, I do not express such an opinion.

Based on my review, I am not aware of any material  modifications that should be
made  to the  accompanying  financial  statements  in  order  for  them to be in
conformity with generally accepted accounting principles.


<PAGE>

                          INTERNET FOOD COMPANY, INC.
                                 BALANCE SHEET
                               September 30, 1999
                                     ASSETS
                                     ------
<TABLE>
<CAPTION>
<S>                                                    <C>
Current assets
   Cash and cash equivalents                           $           800
   Accounts receivable-trade                                       295
   Accounts receivable-barter                                    3,399
   Due from affiliate                                              100
   Inventory                                                     1,500
                                                                 -----
     Total current assets                                        6,094

Equipment                                                          700
   Equipment                                                      (150)
                                                                 ------
   (Less) Accumulated depreciation                                 550

Other assets

   Trade name                                                    6,050
                                                                 ------
Total assets                                           $        12,694
                                                                =======

                      LIABILITIES AND SHAREHOLDERS EQUITY


Current liabilities                                    $         2,994
   Accounts payable                                             10,113
   Note payable-Monterey Ventures                                2,650
   Note payable-Robert Strahl                                      400
                                                                -------
   State corporate tax payable
     Total current liabilities                                  16,157

Shareholders' equity
   Capital stock, par value $ .10, 50,000,000
     authorized 17,780,695 shares issued and
      outstanding                                            1,778,070

   Paid in capital                                          (1,645,670)
   Common stock offering costs                                  (6,150)
   Retained earnings                                          (129,713)
                                                            -----------
     Total shareholders' equity                                 (3,463)

Total liabilities and shareholders' equity             $        12,694
                                                           ===========

</TABLE>

             See accompanying notes and accountant's review report

<PAGE>

                           INTERNET FOOD COMPANY. INC
                             STATEMENT OF OPERATIONS
                 For the nine months ended September 30,1999 and
                  from date of inception to September 30, 1998



<TABLE>
<CAPTION>
                                       Three months ended             Nine months ended
                                         1999        1998           1999                 1998
                                        -------     -------       ---------            ---------
<S>                                 <C>         <C>           <C>                   <C>
Sales                               $    2,269  $      0      $    15,278           $         0
Cost of sales                            1,230         0           10,258                     0
                                        -------     -------       ---------            ---------
Gross profit                             1,039         0            5,020
Operating expenses
  Advertising                              705       232              751                   232
  Bank charges                              32        91              591                    91
  Consulting fees                        2,724     7,875           26,510                 8,055
  Depreciation,                             50                        150
  Dues and subscriptions                   245                        625
  Equipment lease                            0                      2,937
  License and Permits                       15       225              336                   225
  Management fees                            0     2,037            6,500                 2,219
  Office expense                            56     1,029            1,186                 1,039
  Postage and delivery                     366       288            1,657                   288
  Professional fees                      3,000     3,000           12,885                 6,000
  Rent                                   1,950       550            6,364                   550
  Travel and entertainment                   0       200            1,942                   200
  Telephone                                434                      1,070
  Organization costs                                                                      8,163
                                        ------    -------         -------                -------
     Total operating expenses            9,577    25,537           63,504                37,062
                                        ------    -------         -------                -------
     Loss from operations               (8,538)  (25,537)         (58,484)              (37,062)
Other Income and (expense)
     Loss on sale of investments             0         0             (499)                    0
     Interest expense                        0         0             (660)                    0
                                        ------    -------         --------               -------
                                             0         0           (1,159)                    0
                                        ------    -------         --------               -------
Loss prior to income taxes              (8,538)  (25,537)         (59,643)              (37,062)
State corporate income tax                   0       800              800                   800
Net Loss                            $   (8,538) $(26,337)     $    60,443           $   (37,862)
                                        =======  ========         ========             =========


Loss per common share               $  (0.0005) $(0.0606)     $   (0.0034)          $   (0.0871)
                                        =======  ========         ========             =========
Weighted average
     of shares outstanding          17,148,222   434,500       17,441,067               434,500
                                    ===========  ========      ===========              ========

</TABLE>

<PAGE>

                           INTERNET FOOD COMPANY, INC.
                        STATEMENT OF SHAREHOLDERS' EQUITY
                               September 30, 1999


<TABLE>
<CAPTION>
                                       Common Stock
                                                                    Paid in        Offering        Retained
                                   Shares          Amount           Capital           Costs        Earnings
                                  ---------      ----------       -----------    ------------    -------------
<S>                              <C>             <C>             <C>               <C>             <C>
Balance
   December 31, 1998             16,167,695      $ 1,616,770     $ (1,552,070)     $ (6,150)       $ (69,270)

Options issued                    1,040,000          104,000          (93,800)

Stock issued                        573,000           57,300

Net loss for the period                                                                              (60,443)
                                 ----------        ---------     --------------    ---------      -----------
                                 17,780,695      $ 1,778,070     $ (1,645,670)     $ (6,150)       $(129,713)
                                 ==========       ==========       ===========      ========        =========


</TABLE>

             See accompanying notes and accountant's review report


<PAGE>

                           INTERNET FOOD COMPANY, INC.
                   STATEMENT OF CASH FLOWS - INDIRECT METHOD
                For the nine months ended September 30, 1999 and
                  from date of inception to September 30, 1998


<TABLE>
<CAPTION>
                                                                Three Months                          Nine Months
                                                            1999              1998               1999           1998
                                                          --------           -------         -----------     ----------
<S>                                                  <C>                 <C>                <C>             <C>
Cash flows from operating
  activities

     Net Loss                                        $    (8,538)        $  (26,337)        $  (60,443)     $  (37,862)
     Adjustments  to  reconcile
      net income to net cash
        provided  by  operating activities

      Depreciation   expense                                  50                                   150
      (increase) Decrease in current assets                2,587             (1,896)             6,187          (1,896)
      Increase (Decrease) in current liabilities           2,605              1,378            (15,763)          8,705
                                                          -------           --------          ---------        --------
Net cash provided by operating activities                  3,396            (27,163)           (69,859)        (81,053)

Investing activities
     Business name purchase                                                   4,000                              4,000



Financing activities
     Sale of common stock                                                    34,450             67,700          39,450
     Short term borrowing                                  1,000                                 1,000
     Common stock offering costs                                             (3,000)                            (4,110)
                                                          -------           --------           --------        --------
Cash provided by financing activities                      1,000             31,450             68,700          35,340
                                                          -------           --------           --------        --------

Increase (Decrease) in cash and cash equivalents          (2,296)               287             (1,159)            287
Cash and cash equivalent at beginning of the period        3,095                  0              1,959               0
                                                          -------           --------           ---------       ---------
Cash and cash equivalent at end of the year          $       800         $      287         $      800      $      287
                                                          =======           ========           =========       =========
Supplemental disclosure of financing activities
     Interest paid                                                                          $      585
     Taxes paid                                                                                  1,200

</TABLE>

               See accompanying notes to the financial statements


<PAGE>

                             INTERNET FOOD COMPANY
                       NOTES TO THE FINANCIAL STATEMENTS
                               September 30, 1999

NOTE 1    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Nature of the  business - Internet  Food  Company,  Inc. was formed to sell
     retail  gourmet  and  specialty  cheese  on the  internet  and at a retail
     location.  The  Company  was  incorporated  under  the laws of the State of
     Nevada on April 14,  1998.  The  Company is  currently  doing  business  as
     California Cheese Connection. Operations did not commence until July, 1998.

     Pervasiveness  of estimates - The  preparation  of financial  statements in
     conformity  with  generally  accepted  accounting  principles  and 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.

     Cash and cash equivalents - For financial statement  presentation purposes,
     the Company  considers all short term  investments  with a maturity date of
     three months or less to be cash equivalents.

     Inventories  -  Inventories  are  recorded at the lower cost of the market,
     using the first-in,  first-out method.  Inventories  consist principally of
     cheeses and specialty food items.

     Bad debts and accounts  receivable - No allowance for doubtful accounts has
     been recorded as management believes all amounts to be fully collectible.

     Equipment - Equipment  is  recorded  at cost.  Maintenance  and repairs are
     expensed as incurred;  major renewals and betterments are  capitalized.  As
     the equipment on the balance sheet was purchased at year0end,  no provision
     for depreciation is made in the current year.

     Income   Taxes  -  Income  taxes  are  provided  for  the  tax  effects  of
     transactions  reported  in the  financial  statements  and consist or taxes
     currently due plus deferred taxes related primarily to differences  between
     the  recorded  book  basis  and tax  basis of assets  and  liabilities  for
     financial and income tax reporting. The defered tax assets and liabilities
     represent the future tax return  consequences of those  differences,  which
     will either be taxable or deductible  when the assets and  liabilities  are
     recovered or settled.  Deferred  taxes are also  recognized  for  operating
     losses that are available to offset future  taxable  income and tax credits
     that are available to offset future federal income taxes.


<PAGE>

                             INTERNET FOOD COMPANY
                       NOTES TO THE FINANCIAL STATEMENTS
                               September 30, 1999


NOTE 2     ACCOUNTS RECEIVABLE

     Accounts Receivable Trade - Accounts receivable trade consists primarily of
     sales to hotels and corporations  purchasing gift baskets. At September 30,
     1999 the total was $295. Terms of all sales are net 30 days.

     Accounts Receivable-Barter - The Company is involved with an exchange group
     whereby goods and services are  bartered.  the  individual  members of this
     group  purchase  goods from  another  member  and a voucher is written  for
     payment of the goods or services provided. The company then has a credit to
     purchase  goods and services  from other  members of the barter  group.  At
     September  30,  1999 the  balance  that the  Company  is owed in goods  and
     services  was  $3,399.  The Company  uses the barter to purchase  goods and
     services.  For the  period  ending  September  30,  1999 the  total  amount
     recorded  as sales was $5,000 and $6,042 was  recorded as purchase of goods
     and services.


NOTE 3     NOTES PAYABLE

     The notes payable are from  shareholders of the Company.  The notes are for
     working capital until the Company  becomes  profitable.  The notes will be
     repaid from operations when there is sufficient  working capital.  Interest
     is being charged at 1% a month.  Total amount of borrowings  for the period
     ended  September  30, 1999 was  $10,113.  The  Company  paid off prior year
     borrowings of $12,990.

NOTE 4     COMMON STOCK

     Common stock - During the period ended September 30, 1999 and September 30,
     1998,  pursuant  to an  exemption  under  Rule 504 of  Regulation  D of the
     Securities  Act of 1933,  as amended (the Act),  the Company sold solely to
     accredited and/or sophisticated investors, its common stock. Each share has
     a par value of $.10. There were twenty different  transactions to different
     investors,  raising  a total  of  $67,700  during  the  year  period  ended
     September  30, 1999 and twenty  different  transactions  raising a total of
     $39,450 for the period ending September 30, 1998.

     Paid in capital - At incorporation  the Company issued 15,385,000 shares of
     common stock with a fair value of $0.1 in payment of services.  This amount
     is shown as a negative paid in capital amount since consideration was given
     in the form of  services  at the time of  incorporation  and no amount  was
     reflected on the Company's books for the consideration.

<PAGE>

NOTE 4    COMMON STOCK
(con't)

     The Company also issued 135,695 shares of common stock with a fair value of
     $.10 to three  individuals.  The shares were given to these individuals for
     advancing  the  Company   money  for  working   capital   purposes.   These
     transactions occurred during the period year.

NOTE 5    RELATED PARTY TRANSACTIONS

     On August 1, 1998 the Company  entered into an agreement with a shareholder
     to provide investment -banking services. During the period ending September
     30, 1999 the shareholder advanced the Company $10,133 for operations. There
     were no  repayments  on the  advances.  There were no  advances  during the
     period ended September 30, 1998.

     As previously  discussed,  the Company entered into agreements with some of
     its  shareholders to provide bridge loans for continuing  operations of the
     Company.  Total proceeds from the borrowings  were $15,490 during the prior
     year. The Company repaid $12,990 of the loans during the nine month period
     ending  September 30, 1999.  There were no transactions of this type during
     the period ended September 30, 1998.

     Various  shareholders of the Company have performed consulting services for
     which the  Company has paid them  consulting  fees.  For the period  ending
     September  30,  1999  this  amount  paid to the  shareholders  amounted  to
     $22,946. Services include clerical support, rent, office supplies etc.

     During the period ended September 30, 1998 the Company borrowed $2,500 from
     shareholders for working capital purposes.

NOTE 6    INCOME TAXES

     The benefit for income taxes from  operations  consisted  of the  following
     components.  Current tax benefit of $9,000 resulting from a net loss before
     income taxes,  and deferred tax expense $9,000 resulting from the valuation
     allowance  recorded  against the deferred tax asset  resulting from the net
     operating loss. The change in the valuation allowance for the period ending
     September 30, 1999 was $9,000.  Net operating loss carryforward will expire
     2014.

     The  valuation  allowance  will  be  evaluated  at the  end of  each  year,
     considering positive and negative evidence about whether the asset will be
     realized. At the time the allowance will either be increased or reduced;

<PAGE>

NOTE 6       INCOME TAXES
(con't)

     reduction  could result in the  complete  elimination  of the  allowance if
     positive evidence  indicates that the value of the deferred tax asset is no
     longer required. it is management's position that the defered tax asset be
     recorded when there is positive evidence it will be realized.

NOTE 7       STOCK OPTIONS

     On January 1, 1999 and  January 28,  1999 the Board of  Directors  voted to
     issue stock options to various individuals. The options are to be exercised
     at a price of $.01 per share. There were a total of 1,040,000 options to be
     exercised.  All options were  exercised  by the due date.  The options were
     granted for services rendered.

NOTE 8      MATERIAL ADJUSTMENTS

     Management  represents  that  all  material  adjustments  to the  financial
     statements have been made.

NOTE 9      GOING CONCERN

     As of September 30, 1999, the Company has net losses since inception, which
     raises substantial doubt about its ability to continue as a going concern.

     Management  has  subsequently  been  able to get its  internet  site up and
     running. This is expected to provide additional sales. Also, management has
     stepped  up  its  efforts  to  increase  its  sales  to  hotels  and  other
     businesses.

     the  Company's  ability to continue as a going  concern is  dependent  upon
     successful public offering and ultimately achieving profitable  operations.
     There is no assurance that the Company will be successful in its efforts to
     raise additional proceeds or achieve profitable  operations.  The financial
     statements  do not  include  any  adjustments  that might  result  from the
     outcome of this uncertainty.

<PAGE>


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
     of Operations.

During the Third Quarter, the Company's financial condition improved as a result
of operations for the quarter.  The Company has received revenues of $15,278 for
the year-to-date. This is an increase of $2,249 from the previous quarter ending
June 30,  1999.  It is an increase in revenues of $15,278 vs. the period  ending
September 30, 1998.

The trends for  increasing  revenues  are likely to  continue as a result of the
Company website that is now fully developed  (www.calcheese.com)  and its Cheese
of the Month Club whereby members receive a selection of different  cheeses each
month  throughout  the year  (www.calcheese.com/cheeseclub).  The Company should
also see an increase in the fourth  quarter sales  resulting  from the Christmas
holiday season.

There is no material  deficiency in the Third Quarter.  Therefore,  no action is
required.

At present, the Company has no major source of liquidity, internal or external.

No  material  commitments  for capital  expenditures  were made during the Third
Quarter and none are  expected in the Fourth  Quarter.  There is no research and
development underway or planned.

The heavy  Fourth  Quarter  seasonal  selling  period  should  have an impact on
short-term revenues.

There  were  no  changes  in the  mix  of  sources  between  equity,  debt,  and
off-balance sheet financing arrangements.

The Company has not been  affected by any unusual  events or  transactions  that
would have any impact on reported income or operations.

The  Company  website  has been the most  significant  factor  resulting  in the
increase of sales.

Consumer  purchases of products  over the Internet have  increased  dramatically
this  year and the  Company  forecasts  continued  increases  over the next five
years.  With the increase in consumer  purchases,  it will have a very favorable
impact on set sales and revenues for the Company.

Currently,  the Company knows of no events that will cause a material changes in
costs and revenues.

The major  increase  in goods  being sold is because the Company now has a fully
operational website and has established accounts with hotels and businesses.

The Company  plans to expand its market share by attending  major trade shows to
exhibit the products.

The Company  has been a  development  stage  company for the past 16 months and,
therefore,  has not felt the effects of inflation.  The primary concern involves
milk prices. Should prices increase,  the Company will have to increase its cost
of sales.


                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 2. Changes in Securities.

None.

<PAGE>

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Submission of Matters to a Vote of Security Holders.

None.

Item 5. Other Information.

None.

Item 6. Exhibits and Reports on Form 8-K

None.

                                 Signature Page

     Pursuant  to the  requirements  of  section  13 or 15(d) 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.

                                                     INTERNET FOOD COMPANY, INC.


Dated: December 16, 1999                                        /s/ Jan Demianew
------------------------                                        ----------------
                                                              NAME: Jan Demianew
                                                                TITLE: President
                                                                       PRESIDENT