FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

           |X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 1998

                                       OR

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

                      For the transition period from _ to _

                         Commission File Number 0-23901

                          CYBERSHOP INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

                 Delaware                                    13-3979226
    -------------------------------                      -------------------
    (State or other jurisdiction of                       (I.R.S. Employer 
     incorporation or organization)                      Identification No.)

    130 Madison Avenue, New York, NY                            10016
----------------------------------------                      ----------
(Address of principal executive offices)                      (Zip Code)

        Registrant's telephone number, including area code (212) 532-3553

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

Indicate by check mark whether 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 registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.

                                 Yes |_|  No |X|

The number of shares of the Registrant's common stock, par value $.001 per
share, outstanding on August 10, 1998 was 7,220,000 shares.
<PAGE>

                 CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES

                               INDEX TO FORM 10-Q

                                                                           Page
PART I. FINANCIAL INFORMATION                                             Number
                                                                          ------

Item 1.     Financial Statements:

            Consolidated Balance Sheets as of June 30, 1998 (unaudited) 
            and December 31, 1997                                            2

            Consolidated Statements of Operations for the Three Months 
            and Six Months ended June 30, 1998 and 1997 (unaudited)          3

            Consolidated Statements of Cash Flows for the Six Months 
            ended June 30, 1998 and 1997 (unaudited)                         4

            Notes to Consolidated Financial Statements                       5

Item 2.     Management's Discussion and Analysis of Financial Condition
            and Results of Operations                                        6

PART II.    OTHER INFORMATION

Item 2.     Changes in Securities and Use of Proceeds                        8

Item 6.     Exhibits and Reports on Form 8-K                                 9

SIGNATURES                                                                  11
<PAGE>

                 CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 1998 AND DECEMBER 31, 1997

<TABLE>
<CAPTION>
ASSETS                                                                  June 30,     December 31,
                                                                         1998            1997
                                                                     ------------    ------------
                                                                      (Unaudited)
<S>                                                                  <C>             <C>         
Current assets:
      Cash and cash equivalents                                      $ 16,565,000    $    787,000
      Accounts receivable, net                                             23,000          66,000
      Inventories                                                          34,000          31,000
      Prepaid expenses and other                                          162,000              --
                                                                     ------------    ------------
         Total current assets                                          16,784,000         884,000

Property and equipment, net                                               780,000         132,000
Other assets                                                               50,000         211,000
                                                                     ------------    ------------

         Total assets                                                $ 17,614,000    $  1,227,000
                                                                     ============    ============

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
      Accounts payable                                               $  1,049,000    $    740,000
      Accrued liabilities                                                 140,000         324,000
      Deferred revenues                                                    67,000         135,000
      Current portion of capital lease obligations                             --          13,000
                                                                     ------------    ------------
         Total current liabilities                                      1,256,000       1,212,000

Deferred rent                                                               9,000           5,000
Capital lease obligations                                                      --          15,000
                                                                     ------------    ------------

         Total liabilities                                              1,265,000       1,232,000
                                                                     ------------    ------------

Stockholders' equity (deficit):
      Members capital interest                                                 --       3,139,000
      Preferred stock, $.001 par value; 5,000,000 shares
         authorized; none issued and outstanding                               --              --
      Common stock, $.001 par value; 25,000,000 shares authorized;          
          7,220,000 shares issued and outstanding at June 30, 1998          7,000              --
      Additional paid-in capital                                       18,107,000              --
      Accumulated deficit                                              (1,765,000)     (3,144,000)
                                                                     ------------    ------------
         Total stockholders' equity (deficit)                          16,349,000          (5,000)
                                                                     ------------    ------------

         Total liabilities and stockholders' equity (deficit)        $ 17,614,000    $  1,227,000
                                                                     ============    ============
</TABLE>

  The accompanying Notes to the unaudited Consolidated Financial Statements are
          an integral part of these Consolidated Financial Statements.


                                       2
<PAGE>

                 CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                THREE AND SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                        Three Months Ended June 30,    Six Months Ended June 30,
                                        --------------------------    --------------------------
                                            1998           1997           1998           1997
                                        -----------    -----------    -----------    -----------
<S>                                     <C>            <C>            <C>            <C>        
Revenues:
     Product sales                      $   494,000    $   196,000    $   884,000    $   331,000
     Set up fees                             30,000         49,000         62,000        111,000
                                        -----------    -----------    -----------    -----------
        Total revenues                      524,000        245,000        946,000        442,000
Cost of revenues                            379,000        145,000        671,000        245,000
                                        -----------    -----------    -----------    -----------
Gross profit                                145,000        100,000        275,000        197,000
Operating expenses                        2,010,000        449,000      2,919,000        888,000
                                        -----------    -----------    -----------    -----------
Loss from operations                     (1,865,000)      (349,000)    (2,644,000)      (691,000)
Other, net                                  245,000          1,000        249,000          6,000
                                        -----------    -----------    -----------    -----------
Net loss                                $(1,620,000)   $  (348,000)   $(2,395,000)   $  (685,000)
                                        ===========    ===========    ===========    ===========
Net loss per share, basic and diluted   $     (0.22)   $     (0.10)   $     (0.42)   $     (0.19)
                                        ===========    ===========    ===========    ===========
Weighted average common shares
      outstanding, basic and diluted      7,220,000      3,589,129      5,699,445      3,536,604
</TABLE>

  The accompanying Notes to the unaudited Consolidated Financial Statements are
          an integral part of these Consolidated Financial Statements.


                                       3
<PAGE>

                 CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                    SIX MONTHS ENDED JUNE 30, 1998 AND 1997
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                  1998            1997
                                                              ------------    ------------
<S>                                                           <C>             <C>          
Cash flows from operating activities:
     Net loss                                                 $ (2,395,000)   $   (685,000)
     Adjustments to reconcile net loss to cash used
          in operating activities:
          Depreciation                                              72,000          35,000
          Increase (decrease) in cash from changes in:
              Accounts receivable, net                              43,000          (8,000)
              Inventories                                           (3,000)             --
              Prepaid expenses and other                          (162,000)             --
              Other assets                                         161,000              --
              Accounts payable                                     309,000         (51,000)
              Accrued liabilities                                 (184,000)        (82,000)
              Deferred revenues                                    (68,000)        (58,000)
              Deferred rent                                          4,000           2,000
                                                              ------------    ------------

                  Net cash used in operating activities         (2,223,000)       (847,000)
                                                              ------------    ------------

Cash flows from investing activities:
     Purchases of property and equipment                          (720,000)        (53,000)
                                                              ------------    ------------

Cash flows from financing activities:
     Net proceeds from sale of common stock                     18,749,000       1,550,000
     Proceeds of short-term loan                                   500,000              --
     Repayment of short-term laon                                 (500,000)             --
     Payments of capital lease obligations                         (28,000)             --
                                                              ------------    ------------

                  Net cash provided by financing activities     18,721,000       1,550,000
                                                              ------------    ------------

                  Net increase (decrease) in cash               15,778,000         650,000

Cash and cash equivalents, beginning of period                     787,000         510,000
                                                              ------------    ------------

Cash and cash equivalents, end of period                      $ 16,565,000    $  1,160,000
                                                              ============    ============
</TABLE>

  The accompanying Notes to the unaudited Consolidated Financial Statements are
          an integral part of these Consolidated Financial Statements.


                                       4
<PAGE>

                 CYBERSHOP INTERNATIONAL, INC. AND SUBSIDIARIES
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. Description of the Business and Basis of Presentation.

      CyberShop International, Inc. and subsidiaries (the "Company") is an
online retailer that offers brand name products from manufacturers to customers
on the Company's website on the World Wide Web at cybershop.com and from its
store that resides on America Online ("AOL").

      On March 18, 1998, the members of CyberShop L.L.C. contributed all of
their members capital interests in exchange for 4,000,000 shares of common stock
of CyberShop International, Inc. Both entities were under common control, which
resulted in the transaction being accounted for comparable to a pooling of
interests. This contribution resulted in a transfer of the balances of members
capital interests and accumulated deficit to common stock and additional paid in
capital at the time of the contribution.

      The information presented for June 30, 1998 and 1997, and for the three
and six-month periods then ended, is unaudited, but, in the opinion of the
management of the Company, the accompanying unaudited consolidated financial
statements contain all adjustments (consisting only of normal recurring
adjustments) which the Company considers necessary for the fair presentation of
the Company's financial position as of June 30, 1998, the results of its
operations for the three and six-month periods ended June 30, 1998 and 1997 and
its cash flows for the six month periods ended June 30, 1998 and 1997. The
consolidated financial statements included herein have been prepared in
accordance with generally accepted accounting principles and the instructions to
Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and
footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or
omitted. These consolidated financial statements should be read in conjunction
with the Company's audited consolidated financial statements for the year ended
December 31, 1997, which were included as part of the Company's Form S-1, as
amended, as filed with the Securities and Exchange Commission (the "SEC").

      Results for the interim period are not necessarily indicative of results
that may be expected for the entire year.

2. Public Offering of Common Stock.

      On March 26, 1998, the Company completed its initial public offering of
3,220,000 shares of common stock at a price of $6.50 per share. Net proceeds
from this offering, net of underwriting discounts and offering costs, were
$18,749,000.

3. Short-Term Loan.

      On March 19, 1998, the Trustees of General Electric Pension Trust loaned
the Company $500,000 at an interest rate of 15% per annum. The proceeds of the
loan were utilized by the Company for working capital purposes. Jeffrey S.
Tauber pledged 172,500 of his shares of Common Stock as security for the loan.
The loan was repaid on March 27, 1998.


                                       5
<PAGE>

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

Safe Harbor for Forward-Looking Statements

      From time to time, the Company may publish statements which are not
historical fact, but are forward-looking statements relating to such matters as
anticipated financial performance, business prospects, technological
developments, new products, research and development activities and similar
matters. The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements.

      These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
historical and anticipated results or other expectations expressed in the
Company's forward looking statements. Such forward-looking statements may be
identified by the use of certain forward-looking terminology, such as "may,"
"will," "expect," "anticipate," "intend," "estimate," "believe," "goal," or
"continue," or comparable terminology that involves risks or uncertainties.
Actual future results and trends may differ materially from historical results
or those anticipated depending on a variety of factors, including, but not
limited to those set forth under "Overview" and "Liquidity and Capital
Resources" included in this Management's Discussion and Analysis of Financial
Condition and Results of Operations. Particular attention should be paid to the
cautionary statements involving the Company's limited operating history, the
unpredictability of its future revenues, the unpredictable and evolving nature
of its key markets, the intensely competitive on-line commerce and entertainment
environments, the Company's dependence on its strategic alliances and key
suppliers and distributors, and the risks associated with capacity constraints,
systems development, relationships with artists, and the management of growth.
Except as required by law, the Company undertakes no obligation to update any
forward-looking statement, whether as a result of new information, future events
or otherwise. Readers, however, should carefully review the factors set forth in
other reports or documents that the Company has filed or files from time to time
with the SEC.

Overview

      CyberShop was in a test period from its inception in December 1994 until
it commenced its operations in September 1995 and is still in the early stages
of development. The Company did not have revenues, cost of revenues or gross
profit from inception on December 1, 1994 through December 31, 1994. In 1995 and
throughout most of 1996, the Company's primary activities related to
establishing relationships with manufacturers, which resulted in the payment of
set up fees by certain manufacturers to display products in the Company's
on-line stores, and developing the Company's proprietary systems operating
procedures. The Company has been selling merchandise on the Internet since
September 1995 and on AOL since November 1996. Accordingly, the Company has a
limited operating history and is still in the early stages of development.

      In June 1998, the Company signed a definitive agreement forming a joint
venture to develop a new web site with Tops Appliance City, a leading consumer
electronics, appliance and computer retailer. The new site, electronics.net,
will sell consumer electronics, appliances and computers on the Internet
beginning in the fourth quarter of 1998.

      The Company recognizes product revenues when goods are shipped to the
customer. Typically, the Company receives payment from the customer's credit
card through a financial institution within two to four business days. The
amount received by the Company is net of any credit card transaction fees
deducted by the financial institution. The Company carries minimal inventory and
typically pays its vendors for goods within 30 to 60 days.

      The Company intends to increase its operating expenses to fund increased
marketing and advertising, to enhance existing stores and to establish strategic
relationships important to the success of the Company. The Company expects that
it will continue to incur net losses and generate negative cash flow from
operations for the foreseeable future as it continues to develop its business.


                                       6
<PAGE>

Results of Operations

Three Month's Ended June 30, 1998 compared to Three Months Ended June 30, 1997.

Revenues: Revenue is comprised of sales of products offered in the Company's
on-line stores and vendor set-up fees. Total revenues increased by 114%, or
$279,000, from $245,000 in the second quarter of 1997 to $524,000 in the second
quarter of 1998. Product sales increased by 152%, or $298,000, from $196,000 in
the second quarter of 1997 to $494,000 in the second quarter of 1998. This
increase was primarily attributable to increased marketing efforts, an expanded
customer base and repeat purchases from existing customers. Set-up fees
decreased by 39%, or $19,000, from $49,000 in the second quarter of 1997 to
$30,000 in the second quarter of 1998, as a result of a decrease in emphasis on
collecting set-up fees and an increase in emphasis on product sales.

Cost of Revenues: Cost of revenues consists primarily of the cost of products
sold to customers, including shipping and handling. Costs of revenues increased
by 161%, or $234,000, from $145,000 in the second quarter of 1997 to $379,000 in
the second quarter of 1998, primarily due to increased product sales. Gross
profit margins related to product sales were 23.3% in the second quarter of 1998
compared to 26.0% in the second quarter of 1997. The decrease from 1997 to 1998
is primarily attributed to higher promotional discounts and an unfavorable
change in product mix, as the consumer electronics category, which typically
yields lower than average gross profit margins, represented a higher percentage
of total sales in 1998 than in 1997.

Operating Expenses: Operating expenses consist primarily of personnel expenses,
on-line, radio and print advertising, public relations and other promotional
expenses, including payments to AOL, and general corporate expenses. Operating
expenses increased by 348%, or $1,561,000, from $449,000 in the second quarter
of 1997 to $2,010,000 in the second quarter of 1998. The increases were
primarily attributable to higher advertising and promotional expenses, as the
Company ran a Mother's Day radio and newspaper advertising campaign in 1998,
several strategic marketing agreements began in 1998, and fees to AOL increased
significantly from the prior year. The advertising and promotional costs
incurred by the Company in the second quarter of 1997 were insignificant. In
addition, personnel and general corporate costs related to the increased
infrastructure of the Company increased significantly.

Other, net: The increase from 1997 to 1998 is primarily due to the interest
income earned on the remaining net proceeds from the Company's IPO in March
1998.

Six Month's Ended June 30, 1998 compared to Six Months Ended June 30, 1997.

Revenues: Revenue is comprised of sales of products offered in the Company's
on-line stores and vendor set-up fees. Total revenues increased by 114%, or
$504,000, from $442,000 in the first half of 1997 to $946,000 in the first half
of 1998. Product sales increased by 167%, or $553,000, from $331,000 in the
first half of 1997 to $884,000 in the first half of 1998. This increase was
primarily attributable to increased marketing efforts, an expanded customer base
and repeat purchases from existing customers. Set-up fees decreased by 44%, or
$49,000, from $111,000 in the first half of 1997 to $62,000 in the first half of
1998, as a result of a decrease in emphasis on collecting set-up fees and an
increase in emphasis on product sales.

Cost of Revenues: Cost of revenues consists primarily of the cost of products
sold to customers, including shipping and handling. Costs of revenues increased
by 174%, or $426,000, from $245,000 in the first half of 1997 to $671,000 in the
first half of 1998, primarily due to increased product sales. Gross profit
margins related to product sales were 24.1% in the first half of 1998 compared
to 26.0% in the first half of 1997. The decrease from 1997 to 1998 is primarily
attributed to higher promotional discounts and an unfavorable change in product
mix, as the consumer electronics category, which typically yields lower than
average gross profit margins, represented a higher percentage of total sales in
1998 than in 1997.

Operating Expenses: Operating expenses consist primarily of personnel expenses,
on-line, radio and print advertising, public relations and other promotional
expenses, including payments to AOL, and general corporate expenses. Operating
expenses increased by 229%, or $2,031,000, from $888,000 in the first half of
1997 to $2,919,000 in the first half of 1998. The increases were primarily
attributable to higher advertising and 


                                       7
<PAGE>

promotional expenses, an increase in AOL fees, and higher personnel and general
corporate costs related to the increased infrastructure of the Company.

Other, net: The increase from 1997 to 1998 is primarily due to the interest
income earned on the remaining net proceeds from the Company's IPO in March
1998.

Liquidity and Capital Resources

      On March 26, 1998, the Company completed its initial public offering
("IPO") of 3,220,000 shares of Common Stock at a price of $6.50 per share. Net
proceeds from the IPO, net of underwriting discounts and offering costs, were
$18,749,000. Prior to the IPO, the Company had financed its operations primarily
from capital contributions from private investors. At June 30, 1998, the Company
had cash and cash equivalents of $16,565,000, working capital of $15,528,000,
stockholders' equity of $16,349,000 and no debt. The Company believes that its
existing capital resources will enable it to maintain its operations for at
least the next twelve months.

      Net cash used in operations in the first half of 1998 was $2,223,000,
primarily due to the $2,395,000 net loss.

      Capital expenditures, primarily for computer equipment and software to
support the Company's expansion and increased infrastructure, were $720,000 in
the first half of 1998. In May 1998, the Company entered into agreements to
purchase and install new state of the art integrated electronic commerce and
accounting systems for approximately $900,000, of which $473,000 was purchased
in the second quarter of 1998. The remaining balance will be purchased in the
second half of 1998. In addition, in June 1998, the Company entered into a
10-year lease for space in Jersey City, New Jersey. The Company anticipates that
it will make capital expenditures for leasehold improvements, furniture and
equipment relating to this space of approximately $500,000 in the third quarter
of 1998. The Company anticipates moving into the new space in late August, 1998.
No other material commitments for capital expenditures are currently outstanding
or contemplated.

      The Company believes that its computer systems and software products,
including its new system which will be installed during 1998, are fully year
2000 compatible. However, it is possible that certain computer systems or
software products of the Company's suppliers or customers may not accept input
of, store, manipulate and output dates in the year 2000 or thereafter without
error or interruption. The Company may be required to make significant
expenditures to identify, address or remedy any potential year 2000 problems, or
to satisfy liabilities to which the Company may become subject as a result of
such problems.

                           PART II. OTHER INFORMATION

Item 2. Changes in Securities and Use of Proceeds

      On March 20, 1998 the Company's Registration Statement on Form S-1 (File
No. 333-42707) was declared effective by the SEC. Pursuant to the Registration
Statement the Company registered and sold 3,220,000 shares of Common Stock at a
price of $6.50 per share. The managing underwriters were C.E. Unterberg, Towbin
and Fahnestock & Co. Inc. The aggregate price of the amount offered and sold was
$20,930,000.

      The following sets forth the Company's reasonable estimates of the total
expenses incurred by the Company, from the effective date of the Registration
Statement through June 30, 1998, in connection with the issuance and
distribution of the securities registered.

      (i)   underwriting discounts and commissions                   $1,465,000
      (ii)  finders' fees                                                     -
      (iii) expenses paid to or for underwriters                              -
      (iv)  other expenses                                              716,000
                                                                     -----------


                                       8
<PAGE>

                                   Total                             $2,181,000
                                                                     ===========

      None of the above payments were direct or indirect payments to the
Company's officers or directors, persons owning 10% or more of the Common Stock,
affiliates of the Company or other persons.

      The net offering proceeds to the Company after deducting the total
expenses set forth above were $18,749,000.

      From the effective date of the Registration Statement through June 30,
1998 the Company used the following amounts from the net offering proceeds for
the purposes set forth below:

            Construction of plant                                   $         -
            Building and facilities                                           -
            Purchase and installation
                 of machinery, equipment and software                   638,000
            Purchase of real estate                                           -
            Acquisition of other business                                     -
            Repayment of indebtedness                                   500,000
            Working capital                                           1,046,000
            Temporary investments                                   $16,565,000

      On March 19, 1998, the Trustees of General Electric Pension Trust loaned
the Company $500,000 at an interest rate of 15% per annum. The proceeds of the
loan were utilized by the Company for working capital purposes. Jeffrey S.
Tauber pledged 172,500 of his shares of Common Stock as security for the loan.
The loan was repaid on March 27, 1998.

      The use of proceeds set forth above does not represent a material change
in the use of proceeds described in the Registration Statement.

Item 6. Exhibits and Reports on Form 8-K

a.    The following is a list of exhibits filed as part of this Form 10-Q:

2.    Plan of acquisition, reorganization, arrangement, liquidation or
      succession: None

3.    Articles of Incorporation:

      3.1 Certificate of Incorporation, as amended and as currently in effect
      (Incorporated by reference to Exhibit 3.1 to the Company's Registration
      Statement on Form S-1 (File No. 333-42707).

      By-Laws:

      3.2 By-Laws as currently in effect (Incorporated by reference to Exhibit
      3.2 to the Company's Registration Statement on Form S-1 (File No.
      333-42707).

10.   Material Contracts:

      10.1 Operating Agreement dated June 14, 1998 between the Company and TOPS
           Appliance City, Inc.

11.   Statement re computation of per share earnings: Statement regarding
      computation of per share earnings is not required because the computation
      can be readily determined from the material contained in the financial
      statements included herein.


                                       9
<PAGE>

15.   Letter re unaudited financial information: None

16.   Letter re change in accounting principles: None

19.   Report furnished to security holders: None

22.   Published report regarding matters submitted to vote of security holders:
      None

23.   Consents of Experts and Counsel: None

24.   Power of Attorney: None

27.   Financial Data Schedule, which is submitted electronically to the
      Securities and Exchange Commission for information only

99.   Additional Exhibits: None

b.    Reports on Form 8-K, 1998.

      On June 30, 1998 the Company filed a Form 8-K reflecting the operating
agreement entered into on June 14, 1998, with respect to a joint venture with
TOPS Appliance City, Inc.


                                       10
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date: August 11, 1998                       By: /s/ Jeffrey S. Tauber
                                                ---------------------
                                                Jeffrey S. Tauber
                                                President, Chief Executive
                                                Officer and Chairman of the 
                                                Board of Directors
                                                (Principal Executive Officer)


Date: August 11, 1998                       By: /s/ Gary S. Finkel
                                                ------------------
                                                Gary S. Finkel
                                                Vice President, Chief
                                                Financial Officer and 
                                                Treasurer
                                                (Principal Accounting Officer)


                                       11
<PAGE>

Exhibit Index

10.1  Operating Agreement of Electronics.Net LLC

27.   Financial Data Schedule.


                                       12