SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               -------------------

                                   FORM 10-QSB

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

For Quarter Ended July 31, 1998                     Commission File No. 00-22661

                          SUNBURST ACQUISITIONS I, INC.
               (Exact name of registrant as specified in charter)

          Colorado                                        84-1135638
--------------------------------------------------------------------------------
(State or other jurisdiction                   (IRS Employer Identification No.)
   at incorporation)

The Beren, Blisworth Hill Farm
Stoke Road
Blisworth, Northamptonshire                                  NN7 3DB
--------------------------------------------------------------------------------
(Address of principal                                    (Postal Code)
 executive offices)

       Registrant's telephone number, including area code: (01604) 859893
                                                           --------------

                  4807 South Zang Way, Morrison Colorado 80165
--------------------------------------------------------------------------------
   (Former Name, Former Address and Former Fiscal Year, if Changed Since Last
                                     Report)

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

                               YES    X        NO
                                   ------         ------

As of September 2, 1998,  there were  30,206,896  shares of the common stock, no
par value, of the registrant issued and outstanding.

Transitional Small Business Disclosure Format (check one)

YES       NO    X
     ---       ---



<PAGE>



                          SUNBURST ACQUISITIONS I, INC.

                                  July 31, 1998

                                      INDEX

<TABLE>
<CAPTION>
<S>     <C>       <C>                                                                                           <C> 

                                                                                                           Page No.
                                                                                                           --------


PART I.           FINANCIAL INFORMATION...........................................................................1

         Item 1.  Financial Statements............................................................................1

                  Balance Sheet as of July 31, 1998.............................................................F-1

                  Statements of Loss and Accumulated Deficit for the period February 25, 1997 to
                    July  31, 1998..............................................................................F-2

                  Statements of Cash Flow for the period February 25, 1997 to
                    July 31, 1998...............................................................................F-3

                  Notes to Financial Statements.................................................................F-4

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

PART II.          OTHER INFORMATION...............................................................................3

         Item 1.  Legal Proceedings...............................................................................3
         Item 2.  Changes in Securities...........................................................................3
         Item 3.  Default Upon Senior Securities..................................................................3
         Item 4.  Submission of Matters to a Vote of Security Holders.............................................3
         Item 5.  Other Information...............................................................................3
         Item 6.  Exhibits and Reports on Form 8-K................................................................4

SIGNATURES



</TABLE>

                                                         i

<PAGE>



PART I.           FINANCIAL INFORMATION

Item 1.  Financial Statements.

(Attached)


CORPDAL:113114.3  40687-00001
                                                         1

<PAGE>




                                            Sunburst Acquisitions I, Inc.
                                            (A Development Stage Company)
                                                    BALANCE SHEET
                                                    July 31, 1998
                                                     (Unaudited)

<TABLE>
<CAPTION>
<S>                                                                                         <C> 

     ASSETS

CURRENT ASSETS
     Cash and cash equivalents                                                              $                       46
                                                                                             -------------------------

          Total current assets                                                                                      46

OTHER ASSETS
     Organizational costs (net)                                                                                    225

          TOTAL ASSETS                                                                      $                      271
                                                                                             =========================


     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                                                       $                       --
                                                                                             -------------------------
     Accounts payable - related party                                                       $                      331
                                                                                             -------------------------

         Total current liabilities                                                                                 331

STOCKHOLDERS' EQUITY
     Preferred stock, no par value: 20,000,000 shares authorized;
         80,000 shares issued and outstanding                                                                    8,000
     Common stock, no par value; 100,000,000
         shares authorized; 2,030,000 shares issued
         and outstanding                                                                                         2,220
     Additional paid in capital                                                                                    750
     Deficit accumulated during the development stage                                                         (11,030)
                                                                                            --------------------------

          Total stockholders' equity                                                                              (60)

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                             $                      271
                                                                                             =========================


</TABLE>


The accompanying notes are an integral part of the financial statements.


                                                        F-1

<PAGE>



<TABLE>
<CAPTION>


                                             Sunburst Acquisitions I, Inc.
                                             (A Development Stage Company)
                                      STATEMENTS OF LOSS AND ACCUMULATED DEFICIT
                          For the period from  inception  (February 25, 1997) to July 31, 1998
                                                      (Unaudited)


                                                   For the period
                                                   from inception
                                                     (March 24,              For the three           For the three
                                                      1997) to               months ended             months ended
                                                    July 31, 1998            July 31, 1997           July 31, 1998
                                                ---------------------    ---------------------   ----------------------
<S>                                             <C>                      <C>                     <C> 

REVENUES                                        $                   -    $                   -   $                    -
                                                ---------------------    ---------------------   ----------------------

EXPENSES
    Amortization expense                                           75                       15                       15
    Legal and accounting                                        5,896                      923                      154
    Office expense                                                778                       24                        9
    Rent expense                                                  750                      150                      150
    Consulting fees                                             2,220                        -                        -
    Travel                                                        220                        -                        -
    Bank Charges                                                   21                        -                       14
    Transfer agent fees                                         1,070                        -                      350
                                                ---------------------    ---------------------   ----------------------

         Total expenses                                        11,030                    1,112                      692
                                                ---------------------    ---------------------   ----------------------

NET LOSS                                                      (11,030)                  (1,112)                    (692)

Accumulated deficit

    Balance, beginning of period                                    -                   (4,618)                 (10,338)
                                                ---------------------    ---------------------   ----------------------

    Balance, end of period                   $                (11,030)   $              (5,730)  $              (11,030)
                                                =====================    =====================   ======================

NET LOSS PER SHARE                           $                  (NIL)    $                (NIL)  $                 (NIL)
                                                =====================    =====================   ======================

WEIGHTED AVERAGE NUMBER                                     2,141,766                2,095,000                2,190,000
    OF SHARES OF COMMON
    STOCK AND COMMON STOCK
    EQUIVALENTS OUTSTANDING
                                                =====================    =====================   ======================








</TABLE>


The accompanying notes are an integral part of the financial statements.


                                                        F-2

<PAGE>


<TABLE>
<CAPTION>


                                             Sunburst Acquisitions I, Inc.
                                             (A Development Stage Company)
                                               STATEMENTS OF CASH FLOWS
                          For the period from Inception (February 25, 1997) to July 31, 1998
                                                      (Unaudited)

                                                            For the period
                                                            from inception
                                                              (March 24,          For the three        For the three
                                                               1997) to           months ended          months ended
CASH FLOWS FROM OPERATING ACTIVITIES                         July 31, 1998        July 31, 1997        July 31, 1998
                                                          -------------------  -------------------   ------------------
<S>                                                       <C>                  <C>                   <C>  

    Net loss                                              $          (11,030)  $           (1,112)   $            (692)
    Adjustments to reconcile net loss to net cash used by
         operating activities:
              Amortization expense                                        75                   15                   15
              Rent expense                                               750                  150                  150
              Stock issued for consulting fees                         2,220                    -                    -
              Decrease (increase) in accounts payable                      -                 (347)                   -
              Increase (decrease) in accounts payable -
                  related party                                          331                    -                 (499)
                                                          -------------------  -------------------   ------------------

    Net cash used by operating activities                             (7,654)              (1,294)              (1,026)

CASH FLOWS FROM INVESTING ACTIVITIES
    Organization costs                                                  (300)                   -                    -
                                                          -------------------  -------------------   ------------------

    Net cash used by investing activities                               (300)                   -                    -

CASH FLOWS FROM FINANCING ACTIVITIES
    Issuance of preferred stock                                        8,000                    -                    -
                                                          -------------------  -------------------   ------------------

    Net cash provided by financing activities                          8,000                    -                    -
                                                          -------------------  -------------------   ------------------

  NET INCREASE (DECREASE) IN CASH
    AND CASH EQUIVALENTS                                                  46               (1,294)              (1,026)

  CASH AND CASH EQUIVALENTS,
    BEGINNING PERIOD                                                       -                5,429                1,072
                                                          -------------------  -------------------   ------------------

  CASH AND CASH EQUIVALENTS,                           $                  46   $            4,135    $              46
    END OF PERIOD
                                                          ===================  ===================   ==================


</TABLE>


The accompanying notes are an integral part of the financial statements.


                                                        F-3

<PAGE>



                          Sunburst Acquisitions I, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                  July 31, 1998
                                   (Unaudited)

1.  Management's Representation of Interim Financial Information
    ------------------------------------------------------------
    The  accompanying  financial  statements  have  been  prepared  by  Sunburst
    Acquisitions I, Inc.  without audit pursuant to the rules and regulations of
    the  Securities  & Exchange  Commission.  Certain  information  and footnote
    disclosures normally included in financial statements prepared in accordance
    with generally accepted accounting principles have been condensed or omitted
    as allowed by such rules and regulations,  and management  believes that the
    disclosures are adequate to make the  information  presented not misleading.
    These  financial  statements  include all of the  adjustments  that,  in the
    opinion of  management,  are necessary to a fair  presentation  of financial
    position and results of operations. All such adjustments are of a normal and
    recurring  nature.  These financial should be read in conjunctions  with the
    audited financial statements at April 30, 1998.


2.  Change in Control of Registrant - Subsequent Event
    --------------------------------------------------
    On August  31,  1998,  the  Company  completed  the  exchange  of a total of
    26,506,582  of its common  shares for all of the  issuance  and  outstanding
    shares of Invu,  PLC, a developer  of document  and  information  management
    software. As a result of this transaction and related transactions, Invu PLC
    has  become  a  wholly-owned  subsidiary  of the  Company,  and  the  former
    shareholders of Invu, PLC became 87.75% shareholders of the Company. Further
    details  concerning  this  transaction  can be found in the  Company's  most
    recent Form 10-KSB.


                                       F-4

<PAGE>



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

Business Plan and Results of Operations

    The  Company's  business  plan is to seek,  investigate,  and, if warranted,
acquire  one or more  properties  or  businesses,  and to pursue  other  related
activities  intended to enhance shareholder value. The acquisition of a business
opportunity  may be made by purchase,  merger,  exchange of stock, or otherwise,
and may encompass  assets or a business  entity,  such as a  corporation,  joint
venture,  or  partnership.  The  Company  has very  limited  capital,  and it is
unlikely  that the Company will be able to take  advantage of more than one such
business opportunity.

     During the period from May 1, 1998 through  July 31, 1998,  the Company has
engaged in no significant  operations  other than the location and evaluation of
acquisition  candidates (and in connection therewith entering into the Agreement
Regarding Consulting  Services,  dated May 15, 1998 with Robert P. Jeffcock (the
"Consultant")),  due diligence with respect to Invu PLC, a company  incorporated
under English law  ("Invu"),  negotiation  and  execution of the Share  Exchange
Agreement and the First Amendment thereto, preparation of reports required under
the  Securities  Exchange  Act of 1934,  as amended  (the  "Act"),  and  related
matters.  No revenues  were received by the Company  during this period.  During
this  period,  the  Company  incurred  a  loss  as a  result  of  the  foregoing
activities.  Subsequent  to  this  period,  the  Company  completed  a  business
combination with Invu.

Liquidity and Capital Resources

    The  Company's  liquidity and capital  resources had been  diminished to the
extent that if the  proposed  Share  Exchange was not  consummated,  the Company
would likely have needed to raise additional capital to pursue its business plan
to complete a suitable business combination,  although  it  was  entitled  to be
reimbursed  for  certain  expenses  incurred  in  connection  therewith  by  the
Consultant.  The Share Exchange has been consummated;  therefore,  the Company's
liquidity  and  capital  resources  is be based upon the  liquidity  and capital
resources of Invu.

    Certain of the  information  contained in this Annual  Report on Form 10-QSB
constitutes  forward looking statements within the meaning of Section 27A of the
Securities  Act  and  Section  21E of the  Act,  that  involves  certain  risks,
uncertainties and additional costs described herein. The actual results that are
achieved may differ materially from any forward looking projections, due to such
risks,  uncertainties and additional  costs.  Although the Company believes that
the  expectations  reflected in such forward  looking  statements are based upon
reasonable  assumptions,  it can give no assurance that its expectations will be
achieved. Subsequent written and oral forward looking statements attributable to
the Company or persons  acting on its behalf are  expressly  qualified  in their
entirety by reference to such risks, uncertainties and additional costs.


                                        2

<PAGE>



PART II.      OTHER INFORMATION

Item 1.  Legal Proceedings.

    None

Item 2.  Changes in Securities.

    (a)  None

    (b)  None

    (c)  None

Item 3.  Default Upon Senior Securities.

    None

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

    None.

Item 5.  Other Information.

    General.  On August 31,  1998,  the Company  acquired  all of the issued and
outstanding capital stock of Invu PLC, a company  incorporated under English law
("Invu"),  in exchange for shares (the "Share Exchange") of common stock, no par
value,  of the  Company  (the  "Common  Stock"),  pursuant  to a Share  Exchange
Agreement, dated as  of May 19, 1998, by and  between the Company  and  Montague
Limited, an Isle of Man  company ("Montague"), as amended by that certain  First
Amendment  to Share  Exchange Agreement,  dated as of July 23, 1998 (as amended,
the "Share Exchange  Agreement"),  making Invu a wholly-owned  subsidiary of the
Company.  Upon  consummation of the  Share Exchange,  Montague  and Halcyon  PLC
(collectively,  the "Invu  Shareholders") received in the  aggregate  26,506,552
shares of Common  Stock of the  Company in exchange  for all of  the  issued and
outstanding share capital  of Invu. The  shares of Common  Stock received by the
Invu Shareholders in the Share Exchange were issued in a transaction exempt from
registration pursuant to Section 4(2)  of the Securities Act of 1933, as amended
(the "Securities  Act") and, therefore, are restricted  securities. In addition,
the Company issued  1,510,344 shares of Common Stock of the Company to Robert P.
Jeffcock  (the "Consultant")  pursuant  to  an  Agreement  Regarding  Consulting
Services, dated May 15, 1998, for  introducing  Invu  to  the  Company  and  for
agreeing to pay certain expenses if the  Share Exchange was not consummated. The
shares issued to the Consultant were issued pursuant to a registration statement
on Form S-8 under the Securities Act.

    Conversion of Preferred Stock. As a condition  precedent to the consummation
of the Share  Exchange,  all of the  outstanding  shares of Series A Convertible
Preferred Stock ("Preferred") of the Company were converted into Common Stock of
Sunburst at a  conversion  rate of two (2) shares of Common Stock for each share
of Preferred (the "Preferred Stock Conversion").

    After  consummation  of the Share  Exchange  pursuant to the Share  Exchange
Agreement,  the issuance of shares pursuant to the Consulting Agreement, and the
Preferred  Stock  Conversion,  the relative stock ownership of the Company is as
follows: (i) the Company shareholders  immediately prior to the Share Exchange -
7.25%; (ii) the Consultant - 5%; and (iii) the Invu Shareholders - 87.75%.

    Directors and Officers of the Company.  Effective on the Closing  Date,  the
existing  directors and officers of the Company resigned,  and the following new
directors and officers of the Company were appointed:

    David Morgan     -  Director, President and Chief Executive Officer

    Martyn Doherty   -  Director, Vice President-Chief Financial Officer and
                        Secretary



                                        3

<PAGE>



    Paul O'Sullivan  -  Director and Vice President-Director of Development

Item 6.  Exhibits and Reports on Form 8-K.

                                    EXHIBITS

The  following  exhibit is furnished in  accordance  with Item 601 of Regulation
S-B.

2.1           Share Exchange Agreement, dated as of May 19, 1998, by and between
              Sunburst Acquisitions I, Inc. and Montague Limited, which includes
              the Invu Disclosure Schedule, the Sunburst Disclosure Schedule and
              Exhibit  9(n) - Form of  Release  (the  Disclosure  Schedules  and
              Exhibits have been omitted  pursuant to  Regulation  S-B 601(b)(2)
              but will be furnished to the  Securities  and Exchange  Commission
              upon request)  (incorporated  by reference from the Current Report
              on Form 8-K dated May 19, 1998, Exhibit 2.1).

2.2           First Amendment to Share Exchange Agreement, dated as of July 23,
              1998, by and between Sunburst Acquisitions I, Inc. and Montague
              Limited (incorporated by reference from the Current Report on Form
              8-K/A dated July 23, 1998, Exhibit 2.2).

27*           Financial Data Schedule (Exhibit 27).

99            Agreement Regarding Consulting Services, dated as of May 15, 1998,
              by and between Robert P. Jeffcock and Sunburst Acquisitions I,
              Inc. (incorporated by reference from Form 10-KSB, dated August 13,
              1998, Exhibit 99).

*Filed herewith


Form          8-K: The Company  filed the  following  Reports on Form 8-K during
              the last quarter of the Company's fiscal year ended July 31, 1998:

    (i)  On May 19, 1998,  the Company  filed with the  Securities  and Exchange
         Commission a current  Report on Form 8-K reporting the execution of the
         Share Exchange Agreement.

    (ii) On July 23,  1998,  the  Company  filed  with the  Securities  Exchange
         Commission a Current  Report on Form 8-K/A  reporting  the amendment of
         the Share Exchange Agreement.



                                        4

<PAGE>


                                   SIGNATURES

    Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  as
amended,  the Registrant  has duly caused this Quarterly  Report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                            SUNBURST ACQUISITIONS I, INC.
                                            (Registrant)



Date:    September 14, 1998                 By:   /s/ David Morgan
                                                  ------------------------------
                                                  David Morgan, President and
                                                  Chief Executive Office
                                                  (Principal Executive Officer)


Date:    September 14, 1998                 By:   /s/ Martyn Doherty
                                                  ------------------------------
                                                  Martyn Doherty, Vice President
                                                  -Chief Financial Officer and
                                                  Secretary (Principal Financial
                                                  Officer)