UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  FORM 10-QSB/A

--------------------------------------------------------------------------------


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


                  For the quarterly period ended June 30, 1999

     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934

         For the transition period from ______________ to _____________

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                       Commission File Number: 33-40848-A

                        WorldWideWeb Institute.com, Inc.
        (Exact name of small business issuer as specified in its charter)

       Florida                                                65-0260247
(State of incorporation)                               (IRS Employer ID Number)

                 6245 N. W. 9th Avenue, Ft. Lauderdale FL 33309
                    (Address of principal executive offices)

                                 (954) 776-8444
                           (Issuer's telephone number)

Spectrum Pharmaceutical Corporation,  16910 Dallas Parkway, Suite 100, Dallas TX
75248
--------------------------------------------------------------------------------

(Former  name,  former  address and former  fiscal year,  if changed  since last
report)
--------------------------------------------------------------------------------

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 X NO

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: August 6, 1999: 7,641,250

Transitional Small Business Disclosure Format (check one): YES       NO X



<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)

                 Form 10-QSB for the Quarter ended June 30, 1999

                                Table of Contents


                                                                           Page
                                                                           ----
Part I - Financial Information

  Item 1   Financial Statements                                              3

  Item 2   Management's Discussion and Analysis or Plan of Operation        11


Part II - Other Information

  Item 1   Legal Proceedings                                                13

  Item 2   Changes in Securities                                            13

  Item 3   Defaults Upon Senior Securities                                  13

  Item 4   Submission of Matters to a Vote of Security Holders              13

  Item 5   Other Information                                                13

  Item 6   Exhibits and Reports on Form 8-K                                 14


Signatures                                                                  14


                        Discussion of Nature of Amendment
                        ---------------------------------

This  amendment  reflects the restated  financial  statements of the  Registrant
required  by the July  1999  transaction  reported  on Form 8-K and the  related
amended Form 8-K/A disclosing the acquisition of WorldWideWeb Institute, Inc. by
WorldWideWeb Institute.com, Inc. (formerly Spectrum Pharmaceutical Corporation).
A July 2,  1999  change  in  control  of the  Registrant  and  the  simultaneous
acquisition  of  WorldWideWeb  Institute,   Inc.  shared  common  ownership  and
management.   Accordingly,   the  acquisition  was  accounted  for  pursuant  to
Interpretation  # 39 of  Accounting  Principles  Board  Opinion # 16,  "Business
Combinations",  whereby the  combination  of entities  under common  control are
accounted for on an "as-if-pooled" basis.



                                                                               2

<PAGE>



Part 1 - Item 1 - Financial Statements

                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)
                                 Balance Sheets
                             June 30, 1999 and 1998

                                   (Unaudited)

                                     ASSETS

                                                    1999          1998
                                                -----------    -----------
Current Assets
   Cash on hand and in bank                     $   125,863    $    12,793
   Accounts receivable, net of allowance for
      doubtful accounts of $-0-, respectively
         Trade                                       85,058          9,334
         Other                                       63,948          1,427
   Prepaid and other expenses                        64,569         14,756
                                                -----------    -----------

      Total current assets                          339,438         38,310
                                                -----------    -----------


Property and equipment - at cost
   Computer equipment                               248,410         10,485
   Other                                             86,784         10,036
                                                -----------    -----------
                                                    335,194         20,521
   Accumulated depreciation                         (63,248)          (996)
                                                -----------    -----------

      Net property and equipment                    271,946         19,525
                                                -----------    -----------


Other Assets
   Due from related parties                         400,453           --
   Other                                              5,014         22,053
                                                -----------    -----------

      Total other assets                            405,467         22,053
                                                -----------    -----------

Total Assets                                    $ 1,016,851    $    79,888
                                                ===========    ===========

                                  - Continued -



The financial  information  presented  herein has been  prepared  by  management
  without audit by independent certified public accountants.
                                                                               3

<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)
                           Balance Sheets - Continued
                             June 30, 1999 and 1998

                                   (Unaudited)

                                                        1999            1998
                                                    ------------    ------------

                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------
Current Liabilities
   Notes payable                                   $    100,000    $       --
   Current maturities of capital lease payable             --             7,255
   Accounts payable - trade                              65,033           2,632
   Other accrued liabilities                            156,853          13,571
   Income taxes payable                                 167,750            --
   Deferred revenues                                    237,772          87,311
   Due to officer/shareholder                              --           433,750
                                                   ------------    ------------

      Total current liabilities                         727,408         544,519
                                                   ------------    ------------


Commitments and Contingencies


Shareholders' Equity
   Common stock - $0.00001 par value 50,000,000
      shares authorized. 7,641,250 and 5,716,250
      issued and outstanding, respectively                   76              57
   Additional paid-in capital                           951,856         933,875
   Accumulated deficit                                 (661,589)     (1,397,663)
                                                   ------------    ------------
                                                        290,343        (463,731)
   Stock subscription receivable                           (900)           (900)
                                                   ------------    ------------

      Total shareholders' equity                        289,443        (464,631)
                                                   ------------    ------------

Total Liabilities and Shareholders' Equity         $  1,016,851    $     79,888
                                                   ============    ============



The financial  information  presented  herein has been  prepared  by  management
  without audit by independent certified public accountants.
                                                                               4

<PAGE>


<TABLE>
<CAPTION>

                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)
                Statements of Operations and Comprehensive Income
                    Three months ended June 30, 1999 and 1998

                                   (Unaudited)

                                                           1999           1998
                                                       -----------    -----------
<S>                                                    <C>            <C>

Revenues                                               $ 1,745,794    $   148,461

Cost of Sales                                              512,438        100,332
                                                       -----------    -----------

Gross Profit                                             1,233,356         48,129
                                                       -----------    -----------

Operating Expenses
   Selling                                                 287,007         26,350
   General and administrative expenses                     639,358        108,014
   Depreciation                                             21,118            996
                                                       -----------    -----------
      Total operating expenses                             947,483        135,360
                                                       -----------    -----------

Income (Loss) from operations                              285,873        (87,231)

Other income (expense)
   Litigation settlement                                   (20,000)          --
   Forgiveness of accrued compensation
      under employment agreement                           550,000           --
                                                       -----------    -----------

Net Income (Loss) before Income Taxes                      815,873        (87,231)

Income tax provision                                      (117,000)          --
                                                       -----------    -----------

Net Income (Loss)                                          698,873        (87,231)

Other comprehensive income                                    --             --
                                                       -----------    -----------

Comprehensive Income                                   $   698,873    $   (87,231)
                                                       ===========    ===========


Income (Loss) per share of common stock outstanding,
   computed on net loss - basic and fully diluted            $0.09         $(0.02)
                                                              ====          =====

Weighted-average number of shares outstanding            7,641,250      5,716,250
                                                       ===========    ===========

</TABLE>



The financial  information  presented  herein has been  prepared  by  management
  without audit by independent certified public accountants.
                                                                               5

<PAGE>

<TABLE>
<CAPTION>


                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)
                            Statements of Cash Flows
                    Three months ended June 30, 1999 and 1998

                                   (Unaudited)

                                                                           1999        1998
                                                                         ---------    ---------
<S>                                                                      <C>          <C>

Cash Flows from Operating Activities
   Net income (loss)                                                     $ 698,873    $ (87,231)
   Adjustments to reconcile net income to net cash
      provided by operating activities
         Depreciation and amortization                                      21,118          996
         Lawsuit settlement paid with transfer of assets                    20,000         --
         Common stock issued for consulting fees                            18,000         --
         Forgiveness of accrued compensation on employment contract       (550,000)        --
         (Increase) Decrease in
            Accounts receivable - trade                                    (43,807)      (9,334)
            Accounts receivable - other                                    (53,948)      (1,427)
            Prepaid expenses and other                                      58,008      (16,809)
         Increase (Decrease) in
            Accounts payable                                                14,652        2,632
            Other accrued liabilities                                       61,693       13,571
            Due to former officer/shareholder                                 --         36,250
            Income taxes payable                                           117,000         --
            Deferred revenues                                               52,644       87,311
                                                                         ---------    ---------
      Net cash provided by operating activities                            414,233       25,959
                                                                         ---------    ---------

Cash Flows from Investing Activities
   Advances to affiliates - net                                           (335,458)        --
   Purchase of property and equipment                                     (107,686)     (20,521)
                                                                         ---------    ---------
      Net cash used in investing activities                               (443,144)     (20,521)
                                                                         ---------    ---------

Cash Flows from Financing Activities
   Proceeds from notes payable                                             100,000        7,950
   Payments on capital lease payable                                        (1,379)        (695)
                                                                         ---------    ---------
      Net cash used in financing activities                                 98,621        7,255
                                                                         ---------    ---------

Increase in Cash and Cash Equivalents                                       69,710       12,693

Cash and cash equivalents at beginning of period                            56,153          100
                                                                         ---------    ---------

Cash and cash equivalents at end of period                               $ 125,863    $  12,793
                                                                         =========    =========

Supplemental Disclosures of Interest and Income Taxes Paid
   Interest paid during the period                                       $    --      $    --
                                                                         =========    =========
   Income taxes paid (refunded)                                          $    --      $    --
                                                                         =========    =========

Supplemental Disclosure of Non-Cash Investing and Financing Activities
   Settlement of lawsuit with transfer of a patent                       $  20,000    $    --
                                                                         =========    =========
</TABLE>


The financial  information  presented  herein has been  prepared  by  management
  without audit by independent certified public accountants.
                                                                               6

<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)

                          Notes to Financial Statements


Note 1 - Basis of Presentation

WorldWideWeb  Institute.com,  Inc. (Company) was incorporated on May 29, 1990 as
Interamerican Pharmaceutical Corporation under the laws of the State of Florida.
The Company  changed its name to Spectrum  Pharmaceutical  Corporation  in April
1991.  The  Company  was  originally  formed to engage  in the  development  and
marketing  of  certain  products   utilizing  the  chemical   compound  procaine
hydrochloride  for the treatment of tinnitus,  certain  symptoms of  Alzheimer's
Disease and cocaine  addiction.  The Company was assigned a patent  covering its
products for the specifically named conditions and diseases.

On June 29, 1999, as filed on July 30, 1999, the Company amended its Articles of
Incorporation  to issue up to  50,000,000  shares of $0.00001  par value  Common
Stock  and to  effect  a one (1) for  ten  (10)  reverse  stock  split,  with no
fractional shares being issued.  All issued and outstanding share amounts in the
accompanying  financial  statements  have been restated to reflect the effect of
this reverse stock split as of the first day of the first period presented.  The
Company also changed its corporate name to WorldWideWeb Institute.com, Inc.

On  July  2,  1999,  the  Company  issued  approximately   5,025,000  shares  of
post-reverse  split stock to acquire 100% of the issued and outstanding stock of
WorldWideWeb   Institute,   Inc.  (a  privately   owned  Florida   corporation).
WorldWideWeb Institute,  Inc. then became a wholly-owned operating subsidiary of
the Company.

A change in control of the Company and the simultaneous July 2, 1999 acquisition
of  WorldWideWeb  Institute,   Inc.  shared  common  ownership  and  management.
Accordingly, the acquisition was accounted for pursuant to Interpretation #39 of
Accounting Principles Board Opinion # 16, "Business  Combinations",  whereby the
combination   of  entities   under  common  control  are  accounted  for  on  an
"as-if-pooled"  basis. The combined financial  statements of the Company and its
wholly-owned  subsidiary  became  the  historical  financial  statements  of the
Company as of the first day of the first period presented.

The Company will retain its March 31 year-end for all future periods.

During interim periods, the Company follows the accounting policies set forth in
its Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act
of 1934 on Form 10-KSB and the accounting  policies of  WorldWideWeb  Institute,
Inc. on Form 8-K/A filed with the U. S. Securities and Exchange Commission.  The
information  presented  herein  does not  include  all  disclosures  required by
generally accepted accounting  principles and the users of financial information
provided for interim  periods should refer to the annual  financial  information
and footnotes  contained in its Annual Report Pursuant to Section 13 or 15(d) of
The  Securities  Exchange  Act of 1934 on Form  10-KSB and the Form 8-K/A  filed
containing the historical financial statements of WorldWideWeb  Institute,  Inc.
when reviewing the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in accordance with the instructions for Form 10-QSB,  are unaudited and
contain  all  material   adjustments,   consisting  only  of  normal   recurring
adjustments  necessary to present  fairly the  financial  condition,  results of
operations  and cash flows of the Company  for the  respective  interim  periods
presented.  The  current  period  results  of  operations  are  not  necessarily
indicative of results which ultimately will be reported for the full fiscal year
ending March 31, 2000.

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.


                                                                               7

<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)

                    Notes to Financial Statements - Continued


Note 2 - Summary of Significant Accounting Policies

a.)   Cash and cash equivalents

      The Company considers all cash on hand and in banks, including accounts in
      book overdraft positions,  certificates of deposit and other highly-liquid
      investments with maturities of three months or less, when purchased, to be
      cash and cash equivalents.

b.)   Income taxes

      The Company filed a separate  corporate  federal income tax return through
      December 31, 1998.  Due to the changes in control  occurring in 1999,  the
      Company  has no net  operating  loss  carryforwards  available  to  offset
      financial statement or tax return taxable income in future periods.

      The Company uses the asset and liability  method of accounting  for income
      taxes. At June 30, 1999 and 1998, respectively, the deferred tax asset and
      deferred  tax  liability  accounts,  as  recorded  when  material  to  the
      financial  statements,  are entirely the result of temporary  differences.
      Temporary  differences  represent differences in the recognition of assets
      and  liabilities  for  tax and  financial  reporting  purposes,  primarily
      non-deductible accrued compensation amounts payable to an officer.

      As of June 30,  1999 and  1998,  the  deferred  tax asset  related  to the
      deferred deductibility of the accrued compensation to an officer was fully
      reserved.

c.)   Income (Loss) per share

      Basic  earnings  (loss) per share is computed  by dividing  the net income
      (loss) by the weighted-average number of shares of common stock and common
      stock equivalents  (primarily  outstanding  options and warrants).  Common
      stock equivalents represent the dilutive effect of the assumed exercise of
      the  outstanding  stock  options and  warrants,  using the treasury  stock
      method. The calculation of fully diluted earnings (loss) per share assumes
      the dilutive effect of the exercise of outstanding options and warrants at
      either the  beginning of the  respective  period  presented or the date of
      issuance,  whichever is later.  As of June 30, 1999 and 1998,  the Company
      had no  warrants  and  options  outstanding  which  could be  deemed to be
      dilutive.

Note 3 - Common stock transactions

On June 29, 1999, as filed on July 30, 1999, the Company amended its Articles of
Incorporation  to issue up to  50,000,000  shares of $0.00001  par value  Common
Stock and to effect a one (1) for ten (10) reverse  stock split.  All issued and
outstanding  share amounts in the  accompanying  financial  statements have been
restated to reflect the effect of this  reverse  stock split as of the first day
of the first period presented.

On April 1,  1999,  the  Company  issued  18,000,000  pre-reverse  split  shares
(1,800,000  post-reverse  split  shares,  as discussed  below) of  unregistered,
restricted  common stock to its former  President in  settlement of a consulting
contract  for  providing  various  services  to the  Company in  preserving  the
corporate entity during preceding years.


                                                                               8

<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)

                    Notes to Financial Statements - Continued


Note 3 - Common stock transactions - Continued

On April 15,  1999,  the Company  issued  125,000  post-reverse  split shares of
restricted,  unregistered common stock in settlement of a consulting  agreement,
valued at  approximately  $6,000,  which  approximates the value of the services
rendered and the "fair value" of the shares on the issue date,  as  compensation
for various  services  rendered to the Company for the purpose of  identifying a
suitable  merger  candidate for the Company and for paying certain  reactivation
expenses on behalf of the Company.

On  July  2,  1999,  the  Company  issued  approximately   5,025,000  shares  of
post-reverse  split stock to acquire 100% of the issued and outstanding stock of
WorldWideWeb   Institute,   Inc.  (a  privately   owned  Florida   corporation).
WorldWideWeb Institute,  Inc. then became a wholly-owned operating subsidiary of
the Company.

Note 4 - Contingencies

Employment Agreement
--------------------

On June 1, 1992, the Company entered into an Employment Contract (Contract) with
an  individual  to serve as the  Company's  President.  The Contract  required a
annual base salary,  as specified to use the Contract's  anniversary  dates,  as
follows:

                  June 1, 1992 to May 31, 1993                $   85,000
                  June 1, 1993 to May 31, 1994                   105,000
                  June 1, 1994 to May 31, 1995                   115,000
                  June 1, 1995 to May 31, 1996                   125,000
                  June 1, 1996 to May 31, 1997                   135,000
                  June 1, 1997 to May 31, 1998                   145,000
                  June 1, 1998 to May 31, 1999                   155,000

Additionally, the Contract provided for discretionary bonuses, paid vacation and
sick leave time, use of a Company  automobile or reimbursement  for the use of a
personal  automobile and various normal  insurance  coverage for life and health
coverages.

Effective April 1, 1999,  this individual and the Company  executed an Agreement
whereby all  accrued  compensation  under this  Agreement  were  forgiven by the
individual with no further liability to the Company.  Accordingly,  the reversal
of these accruals  resulted in a one-time  income item of $550,000.  Pursuant to
the Internal  Revenue  Code,  none of these  accrued  amounts were  eligible for
deduction  for income tax  purposes in the initial year of accrual and no income
tax effect is realized as a result of this forgiveness.

Litigation
----------

The Company and its then President were defendants in a case initiated in August
1992 in Circuit  Court for the 15th  Judicial  Circuit  for Palm  Beach  County,
Florida seeking  damages  related to the termination of a partnership  which was
the predecessor to the Company. In February 1999, this litigation was authorized
to be settled by the Company's  Board of Directors  through the  transference of
the patent  assigned to the Company to the plaintiff.  In May 1999, this lawsuit
was settled through the physical transfer of the patent assigned to the Company.


                                                                               9

<PAGE>



                        WorldWideWeb Institute.com, Inc.
                 (formerly Spectrum Pharmaceutical Corporation)

                    Notes to Financial Statements - Continued


Note 4 - Contingencies - continued

Consulting Agreement
--------------------

On  April  1,  1999,  the  Company  executed  a  consulting  agreement  with  an
individual,  who became an officer of the Company on May 20, 1999. This contract
was settled on April 15, 1999 with the issuance of 125,000  post-  reverse split
shares of unregistered, restricted common stock, valued at approximately $6,000,
which  approximates  the value of the services  rendered and the "fair value" of
the shares on the issue date, as compensation for various  services  rendered to
the Company for the purpose of identifying a suitable  merger  candidate for the
Company and for paying certain reactivation expenses on behalf of the Company.






                (Remainder of this page left blank intentionally)













                                                                              10

<PAGE>



Part I - Item 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
       AND RESULTS OF OPERATIONS


(1)    Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.

(2)    General

On May 20,  1999,  the  Company's  then  majority  shareholder,  Dr.  Howard  I.
Wertheim,  executed a Stock Purchase Agreement whereby he sold 22,472,634 of the
24,911,165  pre-reverse split shares (2,247,263 of 2,491,250 post- reverse split
shares)  of  common  stock  then  issued  and   outstanding  to  Halter  Capital
Corporation in a cash  transaction.  Halter Capital  Corporation then became the
Company's controlling shareholder.

On July 2, 1999, Halter Capital Corporation  executed a Stock Purchase Agreement
whereby they sold 1,815,000 of the 2,491,250 post-reverse split shares of common
stock then issued and outstanding to Smiley J. Sansoni,  Randall  Denton,  James
Brett  Hudson,  Dana  Williams,  Mira  DeLane,   Corporate  Builders,  Inc.  and
Prosperity Power, Inc.  (collectively  New  Shareholders).  The New Shareholders
then became the Company's controlling shareholders.  These individuals were also
the controlling shareholders of WorldWideWeb Institute, Inc.

On July 2, 1999,  concurrent  with the above  transaction,  the  Company  issued
approximately  5,025,000  shares of post-reverse  split stock to acquire 100% of
the issued and outstanding  stock of WorldWideWeb  Institute,  Inc. (a privately
owned  Florida  corporation).   WorldWideWeb  Institute,   Inc.  then  became  a
wholly-owned operating subsidiary of the Company.

Accordingly,  the acquisition of WorldWideWeb Institute,  Inc. was accounted for
pursuant to the  requirements of  Interpretation  # 39 of Accounting  Principles
Board Opinion # 16, "Business Combinations", whereby the combination of entities
under common control is accounted for on an  "as-if-pooled"  basis. The combined
financial  statements of the Company and its new wholly-owned  subsidiary became
the  historical  financial  statements of the Company as of the first day of the
first period presented.

The Company will retain its March 31 year-end for all future periods.

(3)    Results of Operations, Liquidity and Capital Resources

The  Company's   operating   subsidiary,   WorldWideWeb   Institute,   Inc.  was
incorporated  on  February  12,  1998 under the laws of the State of Florida and
adopted a year-end of March 31. There were no operations through March 31, 1998.
For the three  months ended June 30, 1999,  the Company  generated  net sales of
approximately  $1,7 million and net income after  provision  for income taxes of
approximately  $699,000.  For the three months ended June 30, 1998,  the Company
generated  net sales for its  initial  quarter of  operations  of  approximately
$148,000 and incurred a net loss of approximately $(87,000),  principally due to
start-up expenses which were charged to operations as incurred.  Included in net
income for the period ended June 30, 1999 was a one time charge of

                                                                              11

<PAGE>



approximately   $20,000  related  to  a  lawsuit  settlement  and  the  one-time
forgiveness of accrued expenses from previous periods of approximately  $550,000
related to a former employment contract with a former officer of the Company.

Earnings per share for the period ended June 30, 1999 were  approximately  $0.09
per share based on 7,641,250  weighted-average shares issued and outstanding and
approximately  $(0.02)  per share  based on  5,716,250  weighted-average  shares
issued and outstanding.

(4)    Liquidity and Capital Resources

For the three  months  ended June 30, 1999 and 1998,  respectively,  the Company
generated net cash flows from operations of approximately  $414,000 and $26,000.
Due to the nature of the Company's business, the Company is required to maintain
a technologically current computer production facility. Accordingly, the Company
has expended  approximately  $108,000 and $21,000 on property and  equipment for
the three  months  ended  June 30,  1999 and  1998,  respectively.  The  Company
anticipates  further  capital  expenditures  for computer  facilities  in future
periods.  However,  at this time,  the exact  amount,  if any, to be expended to
maintain a technologically current facility cannot be predicted.

Liquidity  to  support  day-to-day  operations  and the  acquisition  of capital
equipment is expected to be provided by on-going operations.

(5)    Year 2000 Considerations

The Year 2000 (Y2K) date change is believed to affect  virtually  all  computers
and  organizations.  The Company has  undertaken a  comprehensive  review of its
information  systems,  including  personal  computers,  software and  peripheral
devices,  and its  general  communications  systems.  The  Company has no direct
electronic  links with any  customer or supplier.  In addition,  the Company has
held discussions with certain of its software  suppliers with respect to the Y2K
date change.  The Company has  completed its detailed  review,  as a preliminary
assessment and the Company believes, as of the date of this filing, that it will
not be  required  to modify or  replace  significant  portions  of its  computer
hardware or software and any such modifications or replacements are, or will be,
readily available. The Company has no known direct Y2K exposures and anticipates
that any costs associated with the Y2K date change compliance to have a material
effect on its financial  position or its results of operations.  There can be no
assurance until January 1, 2000, however, that all of the Company's systems, and
the systems of its suppliers,  shippers,  customers or other  external  business
partners will function adequately.






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                                                                              12

<PAGE>



Part II - Other Information

Item 1 - Legal Proceedings

       None

Item 2 - Changes in Securities

       On July 30, 1999, the Company  amended its Articles of  Incorporation  to
       issue up to  50,000,000  shares of $0.00001 par value Common Stock and to
       effect a one (1) for ten (10)  reverse  stock split,  with no  fractional
       shares being  issued.  All issued and  outstanding  share  amounts in the
       accompanying  financial  statements  have been  restated  to reflect  the
       effect  of this  reverse  stock  split as of the  first  day of the first
       period presented.

       On April 1, 1999,  the Company  executed a consulting  agreement  with an
       Kevin B. Halter,  Jr., an individual who became an officer of the Company
       on May 20,  1999.  This  contract  was settled on April 15, 1999 with the
       issuance of a to be determined number of shares which would equal 125,000
       post-reverse split shares of unregistered,  restricted common stock. This
       transaction was valued at approximately  $6,000,  which  approximates the
       value of the services  rendered and the "fair value" of the shares on the
       issue date, as compensation for various services  rendered to the Company
       for the  purpose of  identifying  a  suitable  merger  candidate  for the
       Company  and for paying  certain  reactivation  expenses on behalf of the
       Company.

       On May 20, 1999, the Company's then majority  shareholder,  Dr. Howard I.
       Wertheim,  executed a Stock Purchase Agreement whereby he sold 22,472,634
       of the  24,911,165  pre-reverse  split  shares  (2,247,263  of  2,491,250
       post-reverse split shares) of common stock then issued and outstanding to
       Halter  Capital  Corporation  in  a  cash  transaction.   Halter  Capital
       Corporation then became the Company's controlling shareholder.

       On July 2, 1999,  Halter  Capital  Corporation  executed a Stock Purchase
       Agreement whereby they sold 1,815,000 of the 2,491,250 post-reverse split
       shares of common stock then issued and  outstanding to Smiley J. Sansoni,
       Randall Denton, James Brett Hudson, Dana Williams, Mira DeLane, Corporate
       Builders, Inc. and Prosperity Power, Inc. (collectively New Shareholders)
       in a cash  transaction.  The New  Shareholders  then became the Company's
       controlling  shareholders.  These  individuals  were also the controlling
       shareholders of WorldWideWeb Institute, Inc.

       On July 2,  1999,  concurrent  with the above  transaction,  the  Company
       issued  approximately  5,025,000  shares of  post-reverse  split stock to
       acquire  100%  of  the  issued  and  outstanding  stock  of  WorldWideWeb
       Institute,  Inc. (a privately  owned Florida  corporation).  WorldWideWeb
       Institute,  Inc. then became a wholly-owned  operating  subsidiary of the
       Company.

Item 3 - Defaults on Senior Securities

       None

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

       The Company has held no regularly  scheduled,  called or special meetings
       of shareholders during the reporting period.

Item 5 - Other Information

       None


                                                                              13

<PAGE>



Item 6 - Exhibits and Reports on Form 8-K

July 8, 1999   Disclosure of Change in Control and Issuance of 5,025,000  shares
               of common stock to acquire  100.0% of the issued and  outstanding
               common stock of WorldWideWeb Institute, Inc.




--------------------------------------------------------------------------------



                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                                WorldWideWeb Institute.com, Inc.


September    3   , 1999                        /s/ Smiley J. Sansoni.
          -------                      -----------------------------------------
                                                              Smiley J. Sansoni.
                                                         President, Director and
                                                         Chief Executive Officer

September    3   , 1999                       /s/ Ernest D. Chu
          -------                      -----------------------------------------
                                                                   Ernest D. Chu
                                                         Chief Financial Officer
                                                                    and Director






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