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 June 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 of                (IRS Employer Identification No.)
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
June 30, 1999 was 17,780,695 outstanding.

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.


To the Board of Directors
Internet Food Company
Monterey, California

I have reviewed the accompanying balance sheet of Internet Food Company,  Inc.,
as of June 30, 1999 and the related  statements of  Operations  and Statement of
cash  flows for the  periods  ending  June 30 and  1998,  and the  statement  of
shareholders  equity for the Period  ended June 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 auditing 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 as 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.


September 16, 1999


<PAGE>

                          INTERNET FOOD COMPANY, INC.
                                 BALANCE SHEET
                                 June 30, 1999
                                     ASSETS
                                     ------

<TABLE>
<CAPTION>
<S>                                                                  <C>
Current assets
        Cash and cash equivalents                                     $    3,096
        Accounts receivable- trade                                            97
        Accounts receivable-barter                                         5,546
        Due from affiliate                                                   100
        Inventory                                                          2,138
                Total current assets                                      10,977

Equipment
        Equipment                                                            700
        (Less) Accumulated depreciation                                     (100)
                                                                             600
Other assets
        Trade name                                                         6,050

Total assets                                                          $   17,627

                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------

Current liabilities
        Accounts payable                                              $      389
        Note payable-R.Strahl                                              2,650
        Note payable-Monterey Ventures                                     9,113
        State corporate tax payable                                          400
                Total current liabilities                                 12,552

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                                               (121,175)
                Total shareholders' equity                                 5,075

Total liabilities and shareholders' equity                            $   17,627

             See accompanying notes and accountant's review report


</TABLE>

<PAGE>

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

<TABLE>
<CAPTION>
                                                       Three months ended                     Six months ended

                                                 1999               1998               1999                1998
                                                 ----               ----               ----                ----
<S>                                              <C>                <C>                <C>                 <C>
Sales                                            $    2,580         $         0        $    13,009         $         0
Cost of sales                                         1,748                   0              9,028                   0
Gross profit                                            832                   0              3,981
Operating expenses
     Advertising                                         13                                     45
     Bank charges                                        32                                    559
     Consulting fees                                  1,555                 180             23,786                 180
     Depreciation                                        50                                    100
     Dues and subscriptions                             380                                    380
     Equipment lease                                      0                                  2,937
     License and permits                                275                                    321
     Management fees                                      0                 182              6,500                 182
     Office expense                                     261                                  1,130
     Postage and delivery                               611                                  1,290
     Professional fees                                1,130               3,000              9,885               3,000
     Rent                                             2,900                                  4,416
     Travel and entertainment                         1,125                                  1,942
     Telephone                                          306                                    636
     Organization costs                                                   8,163                                  8,163
               Total operating expenses               8,638              11,525             53,927              11,525
               Loss from operations                  (7,806)            (11,525)           (49,946)            (11,525)
Other income and (expense)
        Loss on sale of investments                       0                   0               (499)                  0
        Interest expense                                (75)                  0               (660)                  0
                                                        (75)                  0             (1,159)                  0
Loss prior to income taxes                           (7,881)            (11,525)           (51,105)            (11,525)
State corporate Income tax                                0                 800                800                 800
Net loss                                         $   (7,881)        $   (12,325)        $  (51,905)         $  (12,325)

Loss per common share                            $  (0.0026)        $   (0.1369)        $  (0.0030)         $  (0.1369)

Weighted average
        of shares outstanding                    17,148,222              90,000         17,441,067              90,000

</TABLE>


             See accompanying notes and accountant's review report


<PAGE>

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

<TABLE>
<CAPTION>
                                                           Three months                              Six months

                                                       1998                 1999                 1999                 1998
                                                       ----                 ----                 ----                 ----
<S>                                                    <C>                  <C>                   <C>                  <C>
Cash flows from operating activities
     Net loss                                           $   (7,881)          $   (12,325)          $  (51,905)          $  (12,325)
     Adjustments to reconcile net income to net cash
          provided by operating activities
          Depreciation expense                                  50                                        100
         (Increase) Decrease in current assets               3,965                                      3,600
          Increase (Decrease)in current liabilities          1,971                 8,438              (18,358)               8,438
Net cash provided by operating activities                   (1,895)               (3,887)             (66,563)              (3,887)

Financing activities
     Sale of common stock                                                          5,000               67,700                5,000
     Common stock offering costs                                                  (1,100)                                   (1,100)
Cash provided by financing activities                            0                 3,900               67,700                3,900

Increase(Decrease)in cash and cash equivalents              (1,895)                   13                1,137                   13
Cash and cash equivalent at end  of the period            4,991                     0                1,959                    0
Cash and cash equivalent at end of the year            $     3,095           $        13           $    3,096           $       13

Supplemental disclosure of financing activities
     Interest paid                                     $                                                  585
     Taxes paid                                              1,200                                      1,200

</TABLE>

               See accompanying notes to the financial statements


<PAGE>


                             INTERNET FOOD COMPANY
                       NOTES TO THE FINANCIAL STATEMENTS
                                  June 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 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 of cost or 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 year-end, 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 of 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 defferred
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
                                 June 30, 1999

NOTE 2    ACCOUNTS RECEIVABLE

Accounts receivable-Trade
-------------------------

Accounts receivable trade consists primarily of sales to hotels and corporations
purchasing gift baskets.  At June 30, 1999 the total was $97. Terms of all sales
to these 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 June 30, 1999 the balance  that the Company is owed in
goods and services was $5,544. The Company uses the barter to purchase goods and
services. For the period ending June 30, 1999 the total amount recorded as sales
was $ 4,812 and #3,707 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 June 30,
1999 was $9,113. The Company paid off prior year borrowings of $ 12,990.

NOTE 4    COMMON STOCK

Common Stock
------------

During  the  period  ended  June 30,  1999 and June  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  June 30,  1999 and six  different  transactions
raising a total $5,000 for the period ending June 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>
                             INTERNET FOOD COMPANY
                       NOTES TO THE FINANCIAL STATEMENTS
                                 June 30, 1999

(con't)
NOTE 4    COMMON  STOCK


The Company also issued 135,695 shares of common stock with a fair value of $.01
to three  individuals.  the shares were given to these individuals for advancing
the Company money for working  capital  purposes.  These  transactions  occurred
during the prior 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 June 30, 1999 the
shareholder advanced the Company $9,133 for operations. There were no repayments
on the advances. There were no advances during the period ended June 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 six month period ending June 30,
1999.  There were no  transactions of this type during the period ended June 30,
1998.

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

During  the  period  ended  June 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 $7,725  resulting  from a net loss  before
income  taxes,  and deferred tax expense  $7,725  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
March 31, 1999 was $7,725. 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>


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

(con't)
NOTE 6    INCOME TAXES

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 deferred 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 June 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 Second Quarter, the Company's financial condition has minimal changes
as a result of operations for the Quarter.  The Company has received revenues of
$13,009 for the  year-to-date.  This is an  increase of $2580 from the  previous
quarter ending March 31, 1999. The year to date revenues ended June 30, 1998 was
$0.00

The Company expects increasing  revenues as a result of the Company's  marketing
efforts and development of the web site.

There is no material deficiency in the Second Quarter.

At present, the Company's major sources of liquidity are cash ($3,096), accounts
receivable ($5,546), and inventory ($2,138).

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

Sales for the Third Quarter  should  increase  over the Second  Quarter with the
Company's continued marketing efforts.

There was an  increase of $4,000 on notes  payable  with a decrease of $1,200 in
accounts payable. The note payable was to Monterey Ventures Inc.

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

The Company increase in sales was a result of its marketing efforts.

Consumer  purchases of the  Company's  products  continue to increase.  Consumer
purchases of all goods over the internet  continue to increase  domestically and
internationally.  This will continue to have a positive  effect on the Company's
revenues.

The  Company  knows of no events  that will cause a material  change in cost and
revenues.

The revenue increase for the quarter resulted from the marketing  efforts of the
Company's principals.

The internet  web site will  increase  the Company  revenue by providing  easier
access to the Company's products.

The  Company  plans to  increase  its  market  share by  soliciting  hotels  and
businesses and educating consumers through the internet.

The  Company  is still a  development  stage  and has not felt  the  effects  of
inflation.

The primary concern of the Company would be an increase in milk price that would
have a ripple effect on wholesale  cheese prices.  Should an increase occur, the
Company would increase its cost of sales.

<PAGE>

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities.

None.

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

None.

Item 5. Other Information.

The  Company  has not  timely  filed  quarterly  reports  for 1999 and is in the
process of completing the filings.

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.


                                                                /s/ Jan Demianew
                                                                ----------------
Dated:  December 29, 1999                                   NAME:   Jan Demianew
                                                             TITLE:    President