# UNITED STATES

# SECURITIES
AND EXCHANGE COMMISSION

# Washington,
D.C. 20549

# FORM 10-QSB

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# [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THESECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2000

OR

# [  ] TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

---

Commission file number 000-24001

# JVWEB, INC.

Incorporated pursuant to the Laws of  Delaware

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Internal Revenue Service  Employer
Identification No. 76-0552098

5444 Westheimer, Suite 2080, Houston, Texas 77056

(713) 622-9287

---

Indicate by check mark
whether the registrant (1) has filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days. Yes X No __

The number of shares of common stock, $0.01 par value, outstanding as of September 30, 2000: 11,940,057 shares

Transitional Small Business Disclosure Format (check one):   Yes      No  X

`QUARTER ENDED SEPTEMBER 30, 2000

                                                       INDEX
                                                       -----

PART I.  FINANCIAL INFORMATION
                                                                                        Page

         Item 1.  Financial Statements

         Condensed financial statements of JVWeb, Inc.:
         ----------------------------------------------

              Balance sheet as of September 30, 2000                                    3
              Income statements for the three months ended September
                  30, 2000 and 1999                                                     4

              Statements of cash flows for the three months ended
                     September, 2000 and 1999                                           5

              Notes to financial statements                                             6

         Item 2.  Management's Discussion and Analysis of Financial
                           Condition And Results of Operations                          7

PART II. OTHER INFORMATION

         Item 2.     Changes in Securities and Use of Proceeds                          9

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

                             (a)Exhibits

SIGNATURE                                                                               9`

PART 1.   FINANCIAL INFORMATION

Item 1.   Financial Statements

`JVWeb, Inc.
                                                             Balance Sheet
                                                          September 30, 2000


                                   ASSETS

Cash                                                                               $     1,448
Accounts receivable                                                                      5,685
                                                                                   -----------

     Total Current Assets                                                                7,133
                                                                                   -----------

Office equipment and furniture (net of
     $3,986 accumulated depreciation)                                                    3,346

Deposit                                                                                    625
                                                                                   -----------

     Total Assets                                                                  $    11,104
                                                                                   ===========


      LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
Accounts payable                                                                   $   191,081
Accrued expenses                                                                         3,585
Note payable to an individual                                                          671,457
Accrued interest on note to founding shareholder                                        31,352
                                                                                   -----------

     Total Current Liabilities                                                         897,476
                                                                                   -----------


Stockholders' Equity
Preferred stock, $0.01 par, 10,000,000
     shares authorized, no shares issued or
     outstanding
Common stock, $0.01 par, 50,000,000 shares
     authorized, 13,775,566 shares issued and
     outstanding                                                                       137,756
Paid-in capital                                                                      3,630,387
Retained deficit                                                                    (4,654,515)
                                                                                   -----------

     Total Stockholders' Equity (deficit)                                           (  886,372)
                                                                                   -----------

     Total Liabilities & Stockholders' Equity                                      $    11,104
                                                                                   ===========`

`JVWeb, Inc.
                                                           Income Statements
                                        For the Three Months Ended September 30, 2000 and 1999




                                                                                      2000              1999
                                                                                   -----------------------------


REVENUES                                                                            $   6,641           $22,833

Operating Expenses
  Cost of sales                                                                        10,795
  Writedown of investment carrying values                                              87,500
    General and administrative                                                        194,421           250,978
    Depreciation                                                                          510               341
                                                                                    ---------         ---------
                                                                                     (293,226)         (251,319)
                                                                                    ---------         ---------

    Operating (Loss)                                                                 (286,585)         (228,486)

Interest income                                                                             5             1,000
Interest(expense)                                                                    (  1,752)         (  4,534)
                                                                                    ---------         ----------

Net (loss)                                                                          $(288,332)        $(232,020)
                                                                                    =========         =========


NET LOSS PER COMMON SHARE                                                               $(.02)            $(.02)

WEIGHTED AVERAGE COMMON
    SHARES OUTSTANDING                                                             13,436,756         9,460,557`

`JVWeb, Inc.
                                                       Statements of Cash Flows
                                        For the Three Months Ended September 30, 2000 and 1999



                                                                                 2000                   1999
                                                                              ---------------------------------            -
CASH FLOW FROM OPERATIONS
  Net (loss)                                                                   $(288,332)            $(232,020)
  Adjustments to reconcile net loss to cash
provided from operating activities
        Depreciation                                                                 510                   341
        Common stock issued for services                                          65,659                55,350
        Common stock issued for investments                                       37,500
        Writeoff of investment note receivable                                    50,000
Changes in:
        Accounts receivable                                                     (  3,628)              ( 10,833)
        Note receivable                                                                                (  1,000)
        Prepaid expenses                                                           9,063                 19,487
        Accrued expenses                                                        (    196)
        Accrued interest                                                           1,494                  3,610
        Accounts payable                                                          22,891                 39,790
                                                                               ---------              ---------

   NET CASH USED BY OPERATING ACTIVITIES                                        (105,039)              (125,275)
                                                                               ---------              ---------

CASH FLOW FROM FINANCING ACTIVITIES
  Proceeds from cash loans by
       founding shareholder                                                       99,585                 92,773
  Proceeds from notes payable                                                                            20,000
  Payments on notes payable                                                                             ( 4,297)
                                                                               ---------               ---------

   NET CASH FROM FINANCING ACTIVITIES                                             99,585                108,476
                                                                               ---------              ---------

   NET INCREASE (DECREASE) IN CASH                                              (  5,454)               (16,799)

   CASH - Beginning of period                                                      6,902                 42,723
                                                                               ---------              ---------

          - End of period                                                      $   1,448              $  25,924
                                                                               =========              =========


   DISCLOSURE OF NON-CASH TRANSACTIONS
    Issuance of 150,000 shares of Company
      common stock in exchange for 500,000
      shares of Linksxpress.com, Inc.                                                                 $  60,000`

# JVWEB, INC.

# NOTES TO FINANCIAL STATEMENTS

NOTE A - BASIS OF PRESENTATION

The accompanying unaudited
interim financial statements of JVWeb, Inc., a Texas corporation
(Company), have been prepared in accordance with generally accepted
accounting principles and the rules of the Securities and Exchange Commission
(SEC), and should be read in conjunction with the audited financial
statements and notes thereto contained in the Companys latest Annual
Report filed with the SEC on Form 10-KSB. In the opinion of management, all
adjustments, consisting of normal recurring adjustments, necessary for a fair
presentation of financial position and the results of operations for the interim
periods presented have been reflected herein. The results of operations for
interim are not necessarily indicative of the results to be expected for the
full year. Notes to the financial statements which would substantially duplicate
the disclosure contained in the audited financial statements for the most recent
fiscal year, 2000, as reported in the Form 10-KSB, have been omitted.

# ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS

## GENERAL
DISCUSSION

As had been stated in our
6/30/00 10-K, we have committed our efforts towards seeking out a merger
candidate for the company. Since the filing of our 10-K, our operations have
diminished to a minimal level, due in large part to the momentum that has been
lost in the internet and e-commerce industry, which has caused our funding
resources to dissipate.

In preliminary discussions
with various investment bankers that are in the business of seeking out merger
candidates with public companies, we have been informed that we may need to
address certain elements of the corporate structure in order to better
facilitate a merger. At the present time, no such actions are being undertaken.

## FINANCIAL
REVIEW

## Balance Sheet:

Total Assets: The total assets reported of $11,104 reflects the continued  write-down of assets as a result of the
dramatic downturn in the internet economy.

Total Liabilities:The note payable to founding shareholder from the prior quarter increased to $671,457.

## Income
Statement:

Revenues:As was
stated for the total assets write-down, the lack of revenues for the quarter
were also reflective of the dramatic downturn in the internet economy. In
addition, managements focus for the quarter was on the launching of
www.sweepstakesnews.com as a revenue generating effort, which had
disappointing results.

Cash Flow Summary:Operations have been downsized to a minimal level. Therefore, the financial
requirements to maintain these minimal activities are continuing to be financed
by the major shareholder. As has been stated above, merger discussions are being
sought to allow for the discontinuance of this financial obligation.

## OPERATIONS
REVIEW

General Discussion:The
overall operations of the company have been reduced to a minimal level, as
funding for development of the various joint venture activities has failed to
materialize. On a similar note, although efforts are still being put forth to
generate revenues from operations, no significant revenue has resulted from
these efforts.

On a going forward basis,
the company does not anticipate at the present time that either of its two main
revenue producing activities, its fee for service division or its joint venture
division, will generate any material contributions to cash-flow.

Special note:After
this filing, we will no longer report on operations activities unless the
specific venture or division has specific material events to report.

## Operations
 Detailed Discussion:

Following is a brief
discussion of the overall operations of the company during the quarter ending
9/30/00, with additional comments related to activities as of the date of this
filing.

1.       Fee for Service  Division:  The collapse of the  internet  industry  has had a  devastating  impact on our
         overall efforts to secure internet  consulting and web design projects.  Despite this, we continue to seek
         out  revenue  producing  projects.  In order to enhance  our  competitive  position,  we are  seeking  out
         proprietary technology to add to our core service proposition.

2. Joint
Ventures:

a.National    Sweepstakes    Show,   Inc.   (NSSI):    The   first   media   property   in   this   venture,
              www.sweepstakesnews.com,   went  live  on  9/1/00  to  disappointing   results.   STATUS:   JVWeb  is
              re-evaluating its business strategy related to this venture.

b.
Ihomeline.com, Inc./Homeline Talk Radio:

i.       Ihomeline.com,  Inc.:This venture was formed as a 50/50 joint venture with Jim Neidner,  a  Houston-based
              radio  talk show host of a home  remodelling  show.  The  venture  primarily  consists  of a website,
              WWW.IHOMELINE.COM.  JVWeb has  maintained the site on behalf of the venture.  Presently,  the website
              has minimal activity.  STATUS:  JVWeb is making efforts toward  re-structuring the management of this
              website to create a stronger content presence and more effectively integrate the radio programming.

ii.      Homeline Talk Radio: JVWeb issued  275,000 shares to acquire 100% of the interests in this radio program.
              This  program  is an  integrated  programming  package  with  Ihomeline.com,  Inc.  and its  website,
              WWW.IHOMELINE.COM.  STATUS:  The obligations to carry this program terminate in January,  2001. JVWeb
              is presently  considering  its options in renewing this program.  The radio program  generates  about
              $6,000 a month in revenue, which is about break-even.

iii.     Ihomeline.co.uk,  Inc.: In August,  2000 JVWeb entered into an agreement with a  London-based  advertising
              agency,  2Cs, to form this  venture,  which  primarily  contains  WWW.IHOMELINE.CO.UK  as its primary
              asset.  JVWeb  owns 25% of this  venture,  Ihomeline.com,  Inc.  owns 25%,  and 2Cs owns 50%.  2Cs is
              obligated to manage the website. JVWeb has no on-going obligation to this venture.

c. Linksxpress:

i.  Linksxpress.com,  Inc.:  JVWEb acquired an 8% interest in this venture in exchange for 150,000 of
              restricted  JVWEb stock.  The plan behind this investment was to "spin-off"  Linksxpress into its own
              public company through an SB-2 spin-off.

ii.  Linksxpress.co.uk,  Inc.  JVWeb  further  acquired  a 45%  interest  in this  entity  with  the
              issuance of 500,000 shares of JVWeb stock.

iii.  STATUS:  Linkxpress has decided to go public through a different  means.  Therefore,  we are in
              the process of  unwinding  this  transaction.  At minimum,  JVWeb will  receive  back  400,000 of the
              500,000 shares issued for  linksxpress.co.uk.  In addition JVWeb will have a carried interest of some
              amount in Linksxpress.com, Inc. after it becomes a public company.

2.       Crosspointe:

i.Crosspointe  Net,  Inc.: JVWeb  acquired  an 8%  interest in this  christian  community  portal in
              exchange  for  300,000  restricted  shares  of  JVWeb  stock.   STATUS:  JVWeb  and  Crosspointe  are
              negotiating to unwind this  transaction.  Crosspointe  will return the 300,000 shares in exchange for
              the release on certain expenses owed to JVWeb.

ii.Great Records, Inc.: JVWeb issued 227,000 shares of JVWeb stock to
Crosspointe in exchange for a 50% interest in this Christian-based record label.
STATUS:Great Records did sign its first artist, a female Hispanic
Christian singer with mainstream crossover appeal based in Albuquerque. JVWeb is
negotiating with Crosspointe to continuation of this venture.

3. eonthestreet, Inc.: JVWeb issued a total of 300,000 shares to two parties
to attain a 60% interest in this venture, which primarily promotes other public
companies through its website, www.discoverystocks.com. STATUS:The launching of this business is dependent on securing a robust data-base
of investors to subscribe to the newsletter. The strategy initially was to
accomplish this through the sweepstakes media properties. With the disappointing
results of the launch of the sweepstakes venture, we are suspending the
development of this venture until a stronger business strategy can be developed.
JVWeb continues to work with the parties to create critical mass in this venture
to launch it.

# PART II. OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds

On May 12, 1998, the Company's Registration Statement on Form SB-2 (Commission File No. 333-43379) was declared
effective by the U.S. Securities and Exchange Commission. The Company's Quarterly Report on Form 10-QSB for the
quarter ended March 31, 1998 contained a detail discussion of the securities registered by this Registration
Statement. This discussion remains true and correct as of the end of the quarter ended September 30, 2000 except in
certain regards discussed in the remainder of this paragraph. First, the Common Stock and the Company's Class A
Warrants ("Class A Warrants") have commenced trading. In addition, 110,240 Class A Warrants have been exercised,
and proceeds from such exercises in the aggregate amount of $110,240 have been received by the Company. All such
proceeds have been used for general corporate purposes and were paid to persons other than directors and officers
of the Company and persons owning more than 10% of any class of equity securities of the Company. Moreover, the
Company believes that LS Capital Corporation has sold material numbers (if not all) of the shares of Common Stock
and Class A Warrants previously owned by it.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)      The following exhibits are filed with this Quarterly Report or are incorporated herein by reference:

`Exhibit
                  Number                    Description

                   27                       Financial Data Schedule

                  (b)                       Reports on Form 8-K

                                                None`

# SIGNATURE

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

|By | JVWEB, INC.
                                                              (Registrant)

                                                              By: /s/Greg J. Micek
                                                             Greg J. Micek, President
                                                              (Principal Executive Officer, Principal
                                                              Financial Officer and Principal Accounting
                                                              Officer) | 
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | 

Dated:  November  20, 2000