UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB/A

[X]      Quarterly report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
                  For the quarterly period ended:  December 31, 1999

[ ]      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: 000-24001

                                   JVWEB, INC.

     (Exact name of small business issuer as specified in its charter)

                   Delaware                             76-0552098

      (State or other jurisdiction of                (I.R.S. Employer
       incorporation or organization                identification No.)

    5444 Westheimer, Suite 2080, Houston, Texas         77056
-------------------------------------------------     -------
    (Address of principal executive officer)           (Zip Code)

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 __

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS  DURING THE
PRECEDING FIVE YEARS

         Check whether the registrant  filed all documents and reports  required
to be  filed  by  Section  12,  13 or  15(d)  of  the  Exchange  Act  after  the
distribution of securities under a plan confirmed by a court Yes No ___

APPLICABLE ONLY TO CORPORATE ISSUERS

         The number of shares of common stock, $0.01 par value,
outstanding as December 31, 1999: 10,414,057 shares

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


<PAGE>



                                JVWEB, INC.
                          PERIOD ENDED DECEMBER 31, 1999

                                      INDEX

PART I.  FINANCIAL INFORMATION
                                                                         Page

         Item 1.  Financial Statements

         Condensed financial statements of JVWeb, Inc.:

              Balance sheet as of December 31, 1999                        3

              Income statements for thethree months and six months
                  ended December 31, 1999 and 1998                         4

              Statements of stockholders' equity through December
                  31, 1999                                                 5

              Statements of cash flows for the six months ended
                     December 31, 1999 and 1998                            6

              Notes to financial statements                                7

         Item 2.  Management's Discussion and Analysis of Financial
                           Condition And Results of Operations             8

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


<PAGE>


PART 1.   FINANCIAL INFORMATION

Item 1.   Financial Statements

                                   JVWeb, Inc.

                                  Balance Sheet

                             As of December 31, 1999

                      ASSETS
<TABLE>

<S>                                                                                                     <C>
Cash                                                                                                    $   14,512
Accounts receivable                                                                                         50,328
Note receivable                                                                                             52,333

     Total Current Assets                                                                                  117,173

Office equipment and furniture (net of
     $2,580 accumulated depreciation)                                                                        1,910

Linksxpress.com, Inc. investment   60,000
Linksxpress.co.uk                                                                                          288,000
Investment in AMP3                                                                                         100,000
                 -                                                                                         -------

     Total Assets                                                                                      $  567,083
                                                                                                       ==========


      LIABILITIES & STOCKHOLDERS' EQUITY

Accounts payable                                                                                        $   71,793
Accrued interest                                                                                            15,883
Notes payable to related parties                                                                           359,223
                                                                                                           -------

     Total Liabilities                                                                                     446,899

Common stock, $0.01 par, 50,000,000 shares
     authorized, 10,414,057 shares issued and
     outstanding                                                                                          104,141
Paid-in capital                                                                                         1,888,960
Retained Earnings                                                                                      (1,872,917)
                                                                                                       ----------

     Total Stockholders' Equity                                                                           120,184
                                                                                                          -------

     Total Liabilities & Stockholders' Equity                                                          $  567,083
                                                                                                       ==========


</TABLE>
















                                       F-1


<PAGE>



                                   JVWeb, Inc.
                                Income Statements
          For the Three and Six Months Ended December 31, 1999 and 1998

<TABLE>
<CAPTION>

                                                    3 Months          6 Months         3 Months          6 Months
                                                      Ended             Ended            Ended             Ended
                                                     Dec. 31,          Dec. 31,        Dec. 31,          Dec. 31,
                                                       1999              1999            1998              1998


<S>                                                 <C>              <C>                <C>                 <C>
REVENUES                                            $  40,138        $  62,971
COST OF SALES                                          40,459           40,459

    Gross Margin                                         (321)          22,512

EXPENSES

    General & administrative                          325,243          576,221       $ 125,762          $ 305,043
    Depreciation                                           98              439             244                439

                                                      325,341          576,660         126,006            305,482

    Operating (Loss)                                 (325,662)        (554,148)       (126,006)          (305,482)

INTEREST INCOME                                         1,000            2,000
INTEREST EXPENSE                                     (  4,408)        (  8,942)


       NET LOSS                                     $(329,070)       $(561,090)      $(126,006)        $(305,482)


NET LOSS PER COMMON SHARE                           $(    .04)       $(    .06)      $(    .02)        $(    .04)

WEIGHTED AVERAGE COMMON
       SHARES OUTSTANDING                           9,716,057        9,626,057       7,894,160         7,497,080


</TABLE>






















                                       F-2


<PAGE>



                                   JVWeb, Inc.
                        Statement of Stockholders' Equity
                            Through December 31, 1999
<TABLE>
<CAPTION>

                                                                                                 Accumulated
                                                                                                  Deficit
                                                                                                  During the
                                                              Common Stock             Paid-in    Development
                                                      Shares            Amount          Capital      Stage              Totals

<S>                                                     <C>                <C>            <C>          <C>                  <C>
Shares issued at
    inception to founding
     shareholder for cash                           6,200,000         $  62,000        $   7,516                          $  69,516

Shares issued:
  for cash                                            700,000             7,000           48,000                             55,000
  for services                                        200,000             2,000           58,000                             60,000
  deposit on purchase
   of subsidiary                                       70,000               700          129,300                            130,000

Returnable shares                                                                       (130,000)                          (130,000)

Net (deficit)                                                                                            $(174,620)        (174,620)

Balances, June 30,
 1999 (Audited)                                     7,170,000            71,700          112,816          (174,620)           9,896

Shares issued:
    for cash                                          620,240             6,202          116,976                            123,178
    for services                                      358,860             3,589           66,454                             70,043

Shares returned from
    subsidiary purchase

      deposit                                      (   70,000)         (    700)             700

Fractional shares issued                               45,060               451         (    451)

Shares repurchased from

    founding shareholder                           (  150,000)         (  1,500)        (    900)                          (  2,400)

Net deficit                                                                                               (305,482)        (305,482)

Balance, December 31,
 1999 (Unaudited)                                   7,974,160         $  79,742        $ 295,595         $(480,102)       $(104,765)

</TABLE>

<PAGE>



                                   JVWeb, Inc.
                            Statements of Cash Flows
               For the Six Months Ended December 31, 1999 and 1998


<TABLE>
<CAPTION>

                                                                                      6 Months           6 Months
                                                                                        Ended              Ended
                                                                                    December 31,       December 31,
                                                                                        1999               1998

CASH FLOWS FROM OPERATIONS
<S>                                                                                    <C>               <C>
   Net deficit                                                                         $(561,090)        $(305,482)
   Adjustments to reconcile net
     deficit to cash provided
       from operating activities
         Depreciation                                                                        780              439
         Common stock issued for
           services                                                                      290,589            70,043
         Changes in:
           Accounts receivable                                                          ( 50,328)
           Write off of deposits on
           purchase of subsidiary                                                                           55,000
Net changes in:
           Employee advance                                                                                  2,550
           Inventory                                                                                      (  3,641)
           Prepaid legal expenses                                                         47,624            15,200
           Accounts payable                                                               31,926            11,956
     NET CASH USED BY OPERATING
         ACTIVITIES                                                                     (240,499)         (153,935)

CASH FLOWS FROM INVESTING ACTIVITIES
   Deposit on purchase of subsidiary                                                             ( 30,000        )
     NET CASH USED BY INVESTING
         ACTIVITIES                                                                              ( 30,000        )

CASH FLOWS FROM FINANCING ACTIVITIES
   Change in notes payable to founding
     shareholder                                                                         197,585            64,500
   Payments on note payable                                                             ( 24,927)          ( 1,250)
   Proceeds from notes payable                                                            20,000
   Issuance of common stock                                                               20,000           120,778
     NET CASH PROVIDED BY FINANCING
       ACTIVITIES                                                                        213,288           184,028

     NET INCREASE (DECREASE) IN CASH                                                    ( 28,221)               93
     CASH BEGINNING                                                                       42,733               412
     CASH ENDING                                                                       $  14,512         $     505
</TABLE>












                                       F-3


<PAGE>



                                   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  From  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 periods 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,1999, as reported in Form 10-KSB, have been omitted.

NOTE B - ACQUISITION OF LINKSXPRESS.COM, INC.

On September 15, 1999, the Company acquired  500,000 shares of  Linksxpress.com,
Inc. in exchange for 150,000 shares of Company  stock,  valued at current market
price of $.40 per share.

NOTE C - ACQUISITION OF LINKSXPRESS.CO.UK

On      the Company acquired      shares of Linksxpress.co.uk in exchange for
600,000 shares of company stock, valued at current market value of $.48 per
share.








<PAGE>








                       MANAGEMENT DISCUSSION AND ANALYSIS


General Discussion

During this quarter,  management completed its efforts at re-defining the manner
in which  we  would  execute  our  business  model.  We  successfully  separated
ourselves  from our  overall  reliance  on Lernout  and  Hauspie  for  execution
support,  through  the  addition  of key  management  in the  areas of sales and
operations.  We also completed a review of our existing projects, and, a result,
established priority projects to concentrate on in the next year. Therefore, our
budget for the  upcoming  year  relies,  to a material  extent,  on a successful
launch of www.ihomeline.com,  www.dadandme.com,  www.linksxpress.com,  and other
projects under development.  We are also relying on the establishment of our fee
for service division,  which offers integrated sponsorship,  web hosting and web
development, and strategic consulting services to our joint venture partners and
third party clients.

Balance Sheet

Current  Assets:  Cash and other current assets remain at a sufficient  level to
meet our  obligations.  The note  receivable  regards a loan  made to  AMP3.com,
which,  management  believes,  remains  as a  collectible  asset.  AMP3 is under
various discussions for the sale of its business, at which time the note will be
paid.

Other Assets: JVWeb made an investment, along with Linksxpress.com, Inc., in the
establishment    of    Linksxpress.co.uk,    Inc.,   a   european   edition   of
www.linksxpress.com.  The investment  gave JVWeb a 45% interest in this separate
entity in  exchange  for  600,000  shares of JVWeb.  We are also  reporting  our
investment  in  Linksxpress.com,  Inc.,  which  is  unchanged  for the  quarter.
Finally, we continue to report our initial investment in AMP3.com,  which, as we
stated, is under various discussions to be sold.

Total Liabilities:  Overall,  accounts payables remain at a manageable level, as
we strive to keep a balance  between  incurring  obligations,  and  investing in
meeting our growth goals for the year.  The note payable to related  parties has
grown an additional $104,812 for the quarter, as continued investments are being
made into the company's future.

Total  Stockholders'  Equity: The increase in shares outstanding was principally
due to the linksxpress.co.uk, Inc. transaction. Additional shares were issued to
consultants  performing  services on various projects under development.  In the
quarter,  stock  options  issued  included  1,000,000  options  issued  to Carlo
Pellegrini and 400,000  options issued to Ken Gooley,  under the Company's stock
option plan.  These options,  if exercised,  would be converted into  restricted
shares.

INCOME STATEMENT

Revenues:  The  principal  revenues for the quarter  were derived from  services
performed in  launching  www.ihomeline.com,  in which JVWeb has a 50%  interest.
Through these  efforts,  JVWeb is refining its service  offering,  which will be
extended to additional joint venture partners and third party clients.

Expenses:  The  principal  expenses  for the  quarter  involved  recorded  stock
issuances to consultants  engaged in various research & development  projects on
behalf of the company. Other material expenses incurred related to the launching
of ihomeline,  and other  projects  under  development.  It is the policy of the
company to take the conservative position of expensing items related to projects
under development, as opposed to setting up "work in progress" asset accounts on
the balance sheet.

PART II. OTHER INFORMATION


Item 1.  Legal Proceedings

      On or about  January 17, 2000,  the Company was served with a Summons with
Notice dated December 30, 1999 regarding a lawsuit  instituted by Louis Ferro, a
former  consultant  of the Company.  This lawsuit was  instituted in the Supreme
Court of the State of New York,  County of New York (Index No.  605883)  against
the Company and Greg J. Micek, a Director and the President of the Company. (The
Supreme  Court of the State of New York is the initial  level trial court of the
State of New  York.)  Under the  procedural  law of the  State of New York,  the
Summons  with  Notice  received  by the  Company  is not  required  to give much
information  regarding the specifics of the claims being  asserted,  and no such
specifics  were given.  However,  such Summons with Notice did indicate that the
nature of the action is breach of contract,  unjust  enrichment  and libel,  and
that Mr. Ferro is seeking  $1,042,132.89 (plus interest) in damages. The Company
otherwise had until about February 17, 2000 to answer this lawsuit; however, the
Company  procured an extension from Mr. Ferro's  counsel,  giving to the Company
the  right to file its  answer at any time on or prior to March  15,  2000.  The
Company  believes  that the  lawsuit is without  merit and that the  Company has
valid counterclaims  against Mr. Ferro, having values that will more than offset
any amounts Mr.  Ferro is likely to recover  against the  Company.  Accordingly,
unless  settled soon,  the Company  intends to answer this  lawsuit,  vigorously
defending against all claims asserted and asserting all available counterclaims.
Notwithstanding the preceding,  to avoid the excessive costs of litigation,  the
Company has reached a verbal, non-binding settlement with Mr. Ferro in which the
Company  would pay to Mr. Ferro an amount  extremely  small in comparison to the
amount sought by him. The ultimate  completion of this settlement depends on one
contingency,  the outcome of which is uncertain. As a consequence,  the ultimate
outcome  of  the  proposed  settlement  and  of  this  lawsuit  can  not  now be
determined.

Item 2.  Changes in Securities and Use of Proceeds

For services rendered and agreed to be rendered, during the fiscal quarter ended
December 31, 1999, the Company granted to one person  providing  services to the
Company an option to purchase up to  1,000,000  shares of the  Company's  common
stock and to  another  person  providing  services  to the  Company an option to
purchase  up to  400,000  such  shares.  The  exercise  price for the  1,000,000
optioned  shares is $.21 per  share,  and the  exercise  price  for the  400,000
optioned shares is $.50 per share. The issuances of these options are claimed to
be exempt,  and the issuances of the common stock underlying the options will be
claimed to be exempt, pursuant to Regulation D under the Securities Act of 1933.

For services  rendered,  during the fiscal  quarter ended December 31, 1999, the
Company issued to two persons providing  services to the Company an aggregate of
110,000 shares of the Company's  common stock. The issuances of these shares are
claimed to be exempt pursuant to Regulation D under the Securities Act of 1933.

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 December 31, 1999 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,
10,240 Class A Warrants have been exercised, and proceeds from such exercises in
the  aggregate  amount of $10,240 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 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

                  10.1              Stock Purchase  Agreement dated December
                                    21,   1999   between   the  Company  and
                                    LinksXpress.com, Inc.

         (b)      Reports on Form 8-K

                                    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.

                                                     JVWEB, INC.
                                                     (Registrant)


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

Dated: February 22, 2000



                                 EXHIBITS INDEX

  Exhibit

  Number             Description

10.1                       Stock Purchase  Agreement dated December 21, 1999
                                    between       the       Company      and
                                    LinksXpress.com, Inc.

27                Financial Data Schedule