UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB



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

                      For the quarterly period ended September 30, 1999

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

                      For the transition period from ____________ to ___________



                       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)




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: November 12, 1999: 8,641,250

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 September 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                                     14

  Item 4 Submission of Matters to a Vote of Security Holders                 14

  Item 5 Other Information                                                   14

  Item 6 Exhibits and Reports on Form 8-K                                    14


Signatures                                                                   14


















                                                                              2

<PAGE>


Part 1 - Item 1 - Financial Statements

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

                                   (Unaudited)
                                   -----------

                                                         1999           1998
                                                     -----------    -----------
                                     ASSETS
                                     ------
Current Assets
   Cash on hand and in bank                          $   435,132    $    47,801
   Accounts receivable, net of allowance for
      doubtful accounts of $-0-, respectively
         Trade                                            40,068          7,140
         Other                                            41,046          7,000
   Prepaid and other expenses                            145,575         21,137
                                                     -----------    -----------

      Total current assets                               661,821         83,078
                                                     -----------    -----------


Property and equipment - at cost
   Computer equipment                                    319,001         59,232
   Other                                                  99,673         17,881
                                                     -----------    -----------
                                                         418,674         77,113
   Accumulated depreciation                              (90,734)        (5,450)
                                                     -----------    -----------

      Net property and equipment                         327,940         71,663
                                                     -----------    -----------


Other Assets
   Due from related parties                            1,578,373          1,910
   Other                                                   5,014         22,223
                                                     -----------    -----------

      Total other assets                               1,583,387         24,133
                                                     -----------    -----------

Total Assets                                         $ 2,573,148    $   178,874
                                                     ===========    ===========

                                  - Continued -



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

                                                                              3

<PAGE>

<TABLE>

<CAPTION>

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

                                   (Unaudited)
                                   -----------

                                                                      1999            1998
                                                                 ------------    ------------
                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------
<S>                                                              <C>             <C>
Current Liabilities
   Current maturities of capital lease payable                   $       --             5,360
   Accounts payable - trade                                           231,585           7,987
   Other accrued liabilities                                          336,296           8,394
   Income taxes payable                                               269,750          12,000
   Deferred revenues                                                  213,192          82,588
   Due to officer/shareholder                                            --           472,500
                                                                 ------------    ------------

      Total current liabilities                                     1,050,823         588,829
                                                                 ------------    ------------


Commitments and Contingencies


Shareholders' Equity
   Common stock - $0.00001 par value.  50,000,000
      shares authorized.  8,717,750 and 5,716,250
      issued and outstanding, respectively.                                87              57
   Additional paid-in capital                                       2,014,845         933,875
   Accumulated deficit                                               (491,707)     (1,342,987)
                                                                 ------------    ------------
                                                                    1,523,225        (409,055)
   Stock subscription receivable                                         (900)           (900)
                                                                 ------------    ------------

      Total shareholders' equity                                    1,522,325        (409,955)
                                                                 ------------    ------------

Total Liabilities and Shareholders' Equity                       $  2,573,148    $    178,874
                                                                 ============    ============

</TABLE>




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
             Six and Three months ended September 30, 1999 and 1998

                                   (Unaudited)

                                          Six months      Six months     Three months    Three months
                                             ended           ended           ended           ended
                                         September 30,   September 30,   September 30,   September 30,
                                               1999            1998            1999            1998
                                         -------------   -------------   -------------   -------------
<S>                                      <C>             <C>             <C>             <C>
Revenues                                 $   3,585,613   $     583,148   $   1,839,819   $     434,697

Cost of Sales                                1,037,881         215,443         525,443         115,111
                                         -------------   -------------   -------------   -------------

Gross Profit                                 2,547,732         367,715       1,314,376         319,586
                                         -------------   -------------   -------------   -------------

Operating Expenses
   Selling                                     370,157          69,857          83,150          43,507
                                             1,571,216         312,963         931,858         204,949
   General and administrative expenses          48,604           5,450          27,486           4,454
   Depreciation                          -------------   -------------   -------------   -------------
      Total operating expenses               1,989,977         388,270       1,042,494         252,910
                                         -------------   -------------   -------------   -------------

Income (loss) from operations                  557,755         (20,555)        271,882          66,676

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

Net Income (Loss)
   before Income Taxes                       1,087,755         (20,555)        271,882          66,676

Income tax provision                           219,000            --           102,000          12,000
                                         -------------   -------------   -------------   -------------

Net Income (Loss)                              868,755         (20,555)        169,882          54,676

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

Comprehensive Income (Loss)              $     868,755   $     (20,555)  $     169,882   $      54,676
                                         =============   =============   =============   =============

Income (Loss) per share of
   common stock outstanding,
   computed on net loss
      basic                              $        0.11   $       (0.01)  $        0.02   $        0.01
                                         =============   =============   =============   =============
      fully diluted                      $        0.11   $       (0.01)  $        0.02   $        0.01
                                         =============   =============   =============   =============

Weighted-average number
   of shares outstanding
      basic                                  7,895,594       5,716,250       8,166,196       5,716,250
                                         =============   =============   =============   =============
      fully diluted                          8,121,749       5,716,250       8,392,351       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
                  Six months ended September 30, 1999 and 1998

                                   (Unaudited)
                                   -----------

                                                                          1999           1998
                                                                      -----------    -----------
<S>                                                                   <C>            <C>
Cash Flows from Operating Activities
   Net income (loss)                                                  $   868,755    $   (32,555)
   Adjustments to reconcile net income to net cash
      provided by operating activities
         Depreciation and amortization                                     48,604          5,450
         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                                     1,183         (7,140)
            Accounts receivable - other                                   (31,046)        (7,000)
            Prepaid expenses and other                                    (22,998)       (23,360)
         Increase (Decrease) in
            Accounts payable                                              181,204          7,987
            Other accrued liabilities                                     241,136          8,394
            Due to former officer/shareholder                                --           75,000
            Income taxes payable                                          219,000         12,000
            Deferred revenues                                              28,064         82,588
                                                                      -----------    -----------
      Net cash provided by operating activities                         1,021,902        121,364
                                                                      -----------    -----------

Cash Flows from Investing Activities
   Purchase of property and equipment                                    (191,166)       (77,113)
                                                                      -----------    -----------
      Net cash used in investing activities                              (191,166)       (77,113)
                                                                      -----------    -----------

Cash Flows from Financing Activities
   Proceeds from private placements of
      common stock - net of selling expenses                            1,063,000           --
   Change in advances to affiliates - net                              (1,513,378)        (1,910)
   Proceeds from capital lease payable                                       --            7,950
   Payments on capital lease payable                                       (1,379)        (2,590)
                                                                      -----------    -----------
      Net cash used in financing activities                              (451,757)         3,450
                                                                      -----------    -----------

Increase in Cash and Cash Equivalents                                     378,979         47,701

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

Cash and cash equivalents at end of period                            $   435,132    $    47,801
                                                                      ===========    ===========

Supplemental Disclosures of Interest and Income Taxes Paid
   Interest paid during the period                                    $      --      $       191
                                                                      ===========    ===========
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 WorldWide Web Institute.com, Inc.

On July 2, 1999,  the Agreement and Plan of  Reorganization  and Stock  Purchase
Agreement  among  Spectrum  Pharmaceutical  Corp.  ("Acquiror"),  the  principal
shareholder of the Acquiror,  WorldWideWeb Institute,  Inc. ("WorldWideWeb") and
the shareholders of WorldWideWeb was completed. As part of the acquisition,  the
shareholders of WorldWideWeb  acquired 5,025,000 shares of the Acquiror's Common
Stock in  exchange  for all of the  capital  stock  of  WorldWide  Web  and,  in
addition,   acquired  1,815,000  shares  of  the  Acquiror  from  the  principal
shareholder of the Acquiror,  Halter Capital  Corporation,  in consideration for
$350,000.  As a result of this  transaction,  the  shareholders  of WorldWideWeb
received an aggregate of 6,840,000  shares or  approximately  89.6% of the total
outstanding Common Stock of the Acquiror. The exchange of consideration involved
resulted  from  arms-length  bargaining  and there was no previous  relationship
between the Acquiror and its  principal  shareholder  and  WorldWideWeb  and its
shareholders.  The cash portion of the  consideration  was derived from personal
funds.

A change in control of the Company and the simultaneous July 2, 1999 acquisition
of  WorldWideWeb  Institute,  Inc.  involved  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.

                                                                              7

<PAGE>

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.


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 carry  forwards  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  September  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.

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  September  30, 1999 and 1998,  the
      Company had no warrants and options  outstanding  which could be deemed to
      be dilutive.


Note 3 - Due from Related Parties

The  Company  has made  short  term  loans in the  form of  unsecured  advances,
provided  services  or paid  certain  expenses  on  behalf of  foreign  web-site
marketing  and  production  companies  located in  Toronto,  Canada,  Melbourne,
Australia,  and Sao  Paolo,  Brazil and which have  received  advances  totaling
approximately  $1,578,000  and  $1,000  as  of  September  30,  1999  and  1998,
respectively. These foreign marketing affiliates presently are under substantial
common control  ownership,  with ownership by local management and by Mr. Smiley
Sansoni or Mr.  Brett  Hudson,  officers and  directors  of the  Company.  These
advances were  primarily used to establish  facilities and for working  capital.
These  advances  are due upon demand and bear an interest  rate of 4% per annum.
Subsequent  to the end of the  quarter,  the  Company's  Board has  approved the
acquisition of these foreign marketing  affiliates with neither Mr. Sansoni, nor
Mr.  Hudson  receiving  any  additional  consideration  for  assignment of their
ownership to the Company.

                                                                              8

<PAGE>

Note 4 - 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  WorldWideWeb   Institute.com,   Inc.  (formerly  Spectrum
Pharmaceutical  Corporation)  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.

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 re activation
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.

In August  1999,  the Company  sold  1,000,000  Units under a Private  Placement
Memorandum,  consisting  of one (1) share of common stock and one (1) warrant to
purchase one (1) share of common stock. Each Unit sold for $1.00 per share. Each
warrant is  exercisable  at $2.25 per share and  expires  two (2) years from the
date of issuance.
The Company realized net proceeds of approximately $900,000 in this transaction.

In September 1999, the Company issued a separate private  placement  offering an
aggregate of 500,000 Units,  consisting of one (1) share of common stock and one
(1) warrant to purchase one (1) share of common stock. As of September 30, 1999,
the  Company  has sold  76,500  Units at $2.00 per Unit for total  gross and net
proceeds of  approximately  $153,000.  Each warrant is  exercisable at $2.25 per
share and expires two (2) years from the date of issuance.


Note 5 - Contingencies

Litigation
----------

The Company is a plaintiff in two cases involving former employee  violations of
their  non-compete,   confidentiality  and  non-circumvention   agreements.  The
defendants  in  the  first  case,   WorldWideWeb  Institute  Inc.  vs.  USA  Web
Technology,   Valentin   Flores,   Andrew   Bessio  and  Gary  Weston,   alleges
misappropriation  of the  Company's  trade  secrets  pursuant  to Chapter 688 of
Florida Statutes.  The defendant in the second case,  WorldWideWeb Institute vs.
Carol  Fletcher  Hudson,  involves  the  defendant's  alleged  violation  of her
Non-Competition,  Non-Disclosure  and  Non-Circumvention  agreements  which  she
signed as an employee of the Company.  The Company does not believe either case,
regardless of the outcome, will materially effect the results of the Company.

                                                                              9

<PAGE>



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

                      Notes to Financial Statements - Continued

Note 6- Stock Option Plans

On July 1, 1999, the Company's  Board of Directors and  Shareholders  approved a
Qualified  and  Non-Qualified  Stock  Option  Plan which  authorized  a total of
740,000 shares of common stock to be issued to employees and key persons.  As of
September 30, 1999, approximately 551,000 shares have been issued as part of the
non-qualified plan at an exercise price of $1.50 per share.

The Company's Board of Directors and Shareholders also approved a one time grant
of non-qualified  options to the Company's President and Chief Executive Officer
to purchase up to 450,000  shares of the  Company's  common  stock.  The vesting
schedule of these option and the exercise prices are as follows:  July 1, 2000 -
112,500  shares at $1.25 per share;  July 1, 2001 - 112,500  shares at $2.50 per
share;  July 1, 2002 - 112,500 shares at $3.75 per share; July 1, 2003 - 112,500
shares at $5.00 per share.





















                                                                             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.

                                                                             11

<PAGE>

(3)      Results of Operations, Liquidity and Capital Resources

For the three months ended  September  30, 1999,  the  Company's  revenues  were
$1,839,819 compared to $434,697 in the previous year period ending September 30,
1998. Net after tax earnings for the three months ended  September 30, 1999 were
$169,882 compared to $54,676 for the three months ended September 30, 1998.

 For the six months ended September 30, 1999, revenues were 0$3,585,613 compared
to the six months ended  September 30, 1998 of $583,148.  Net after tax earnings
for the six months ended September 30, 1999 were $868,000  compared to a loss of
$20,555,  for the previous year period ending  September 30, 1998. Net after tax
earnings  for six months  ending  September  30, 1999  included a  non-recurring
$530,000 net gain from release of debt obligations  resulting from an employment
contract, and litigation settlement.

The Company results reflect  continued  strong interest by small to medium sized
businesses  looking to  establish  web sites.  During the  quarter,  the Company
incurred  a higher  level of  expenses a result of  becoming  a publicly  traded
company  in  July,  and the  addition  of  more  production  and  administrative
personnel to support increased sales of products.

Operating  revenue  during the second  quarter  ending  September  30,  1999 was
substantially  similar to the  Company's  first  quarter.  However this reflects
limitations on the number of production personnel and students primarily because
the Company's need for additional  space. The Company has subsequently  obtained
additional   temporary   space  and  has  plans  for  expansion  into  permanent
facilities.

WWWI incurred general and administrative expenses of approximately $1.57 million
expended  in the  second  quarter of the fiscal  year,  reflecting  the costs of
additional personnel and expenditures as noted earlier.  Marketing expenses were
approximately $370, 157 for the six months, but were only $69,857 for the second
quarter.  This reflected timing differences in expenses,  and the effects of the
Company's  implementation  of  more  cost-effective  methods  of  marketing  its
program.

Management anticipates that current expenditure levels will continue to increase
in proportion to revenues of WWWI in future periods.  While its current level of
operations  allows it to closely match  financial  expenditures  with  revenues,
there is no assurance that future  contracts,  alliances or businesses  will not
require it to make significant expenditures in advance of revenues.

Earnings (loss) per share were approximately $0.11 and ($0.01) per share for the
six months ended  September  30, 1999 and 1998  respectively  and  approximately
$0.02 and $0.01 per share for the second  quarter  only of Fiscal  2000 and 1999
respectively.  Included in the $0.11 per share  amount for the six months  ended
September 30, 1999 is  approximately  $0.07 per share related to one-time  items
previously  discussed.  Pro-forma  earnings per share for continuing  activities
during Fiscal 2000 are approximately $0.04 per share.


(4)      Liquidity and Capital Resources

For the six months ended September 30, 1999 and 1998, the Company  generated net
cash flows from operations of $1,021,000 and $121,000.  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  $191,000  and $77,000 on property  and  equipment  during the six
months ended September 30, 1999 and 1998 respectively.  The Company  anticipates
increased  further capital  expenditures for computer and network  facilities in
future periods.  However,  at this time, the exact amount, if any to be expended
to maintain a technologically current facility can not be predicted.

The Company raised  $1,163,000  through the private sale of its securities as of
September 30, 1999. On August 10,1999,  the Company sold 1,000,000  units,  each
unit  consisting  of one common share and one 2-year  warrant at $1 per unit, or
proceeds of $1,000,000. As of September 30, 1999, it had sold 81,500 units, each
unit  consisting  of one common share and one 2-year  warrant at $2 per unit, or
gross proceeds of $163,000.

                                                                             12

<PAGE>

The Company expects that its current day to day operational financial needs will
be provided by on-going  operations.  Subsequent to the end of the quarter,  the
Company secured  commitments for an additional $750,000 in capital which will be
used for expansion and working capital.

(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.


Part II - Other Information

Item 1 - Legal Proceedings












                                                                             13

<PAGE>



      The Company is a plaintiff in two cases in Broward  County Court  alleging
former Company employee  violations of their  non-compete,  confidentiality  and
non-circumvention  agreements.  The  defendants  in the  first  case are USA Web
Technology,  Valentin  Flores,  Andrew  Bessio and Gary Weston where the Company
alleges  misappropriation  of trade  secrets  pursuant to Chapter 688 of Florida
Statutes.  The  defendant in the second case is Carol  Fletcher  Hudson,  and it
involves   the   defendant's   alleged   violation   of   her   Non-Competition,
Non-Disclosure and Non-Circumvention  agreements which she signed as an employee
of the Company.  The Company does not believe  either  case,  regardless  of the
outcome, will materially effect the results of the Company.

Item 2 - Changes in Securities

On August 16, 1999, the Company sold 1,000,000  Units under a Private  Placement
Memorandum,  consisting  of one (1) share of common stock and one (1) warrant to
purchase one (1) share of common stock. Each Unit sold for $2.00 per share. Each
warrant is  exercisable  at $2.25 per share and  expires  two (2) years from the
date of issuance.
The Company realized net proceeds of approximately $900,000 in this transaction.


In September 1999, the Company commenced  another private placement  offering an
aggregate of 500,000 Units,  consisting of one (1) share of common stock and one
(1) warrant to purchase one (1) share of common stock. As of September 30, 1999,
the  Company  has sold  76,500  Units at $2.00 per Unit for total  gross and net
proceeds of  approximately  $153,000.  Each warrant is  exercisable at $2.25 per
share and expires two (2) years from the date of issuance.

Item 3 - Defaults on Senior Securities

       None

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

       None

Item 5 - Other Information

       None

Item 6 - Exhibits and Reports on Form 8-K

      None


                                   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.


November  1, 1999                                  /s/ Smiley J. Sansoni.
         ---                              ------------------------------------
                                                       Smiley J. Sansoni.
                                                       President, Director and
                                                       Chief Executive Officer

November  1, 1999                                  /s/ Ernest D. Chu
         ---                              ------------------------------------
                                                       Ernest D. Chu
                                                       Chief Financial Officer
                                                       and Director




















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