UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]               Quarterly  report  pursuant  to  Section  13 or  15(d)  of the
                  Securities  Exchange  Act of  1934  For the  quarterly  period
                  ended: March 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 March
31, 1999: 8,441,135 shares

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




<PAGE>



                                   JVWEB, INC.
                           PERIOD ENDED MARCH 31, 1999

                                      INDEX
<TABLE>
<CAPTION>

<S>                                                                                                                   <C>
PART I.  FINANCIAL INFORMATION                                                                                      Page

         Item 1.  Financial Statements

         Condensed financial statements of JVWeb, Inc.:

              Balance sheet as of March 31, 1999                                                                      3

              Income statements for the three and nine months ended  March 31,
                  1999 , three months ended March 31, 1998 and from October 28, 1997 (Date
                  of Inception) to March 31, 1999 and 1999                                                            4

              Statements of cash flows for the three and nine months ended March
                  30,  1999,  the three  months  ended March 31, 1998 and period
                  from  October 28, 1997 (Date of  Inception)  to March 31, 1999
                  and 1998                                                                                            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                                                          8

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

                             (a)Exhibits

SIGNATURE                                                                                                             8
</TABLE>



<PAGE>


PART 1.   FINANCIAL INFORMATION

Item 1.   Financial Statements

                                            JVWeb, Inc.
                                   (A Development Stage Company)
                                           Balance Sheet
                                       As of March 31, 1999
                                             Unaudited
<TABLE>


                      ASSETS

<S>                                                                                       <C>
Cash                                                                                  $   5,104
Inventory                                                                                 8,946
Prepaid legal expenses                                                                    4,300
                                                                                          -----

     Total Current Assets                                                                18,350

Office equipment and furniture (net of
     $1,335 accumulated depreciation)                                                     3,055
                                                                                      ---------

     Total Assets                                                                     $  21,405
                                                                                      =========




      LIABILITIES & STOCKHOLDERS' EQUITY

Accounts payable                                                                      $  39,938
Notes payable to related parties                                                        130,200
                                                                                      ---------

     Total Liabilities                                                                  170,138

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, 8,441,135 shares issued and
     outstanding                                                                         84,411
Paid-in capital                                                                         502,186
Accumulated deficit during
     the development stage                                                             (735,330)
                                                                                       --------

     Total Stockholders' Equity                                                        (148,733)
                                                                                       --------

     Total Liabilities & Stockholders' Equity                                         $  21,405
                                                                                      =========
</TABLE>




<PAGE>


                                   JVWeb, Inc.
                          (A Development Stage Company)
                                Income Statements
               For the Three and Nine Months Ended March 31, 1999,
                     The Three Months Ended March 31, 1998,
            and the Period From October 28, 1997 (Date of Inception)
                           to March 31, 1998 and 1999
                                    Unaudited
<TABLE>
<CAPTION>

                                                      3 Months         9 Months          3 Months        Inception         Inception
                                                        Ended           Ended             Ended           Through            Through
                                                       Mar. 31,         Mar. 31,          Mar. 31,         Mar. 31,         Mar. 31,
                                                        1999             1999              1998             1998               1999

<S>                                                      <C>                <C>             <C>               <C>               <C>
         REVENUES                                                    $  16,315                                           $  16,505
         COST OF SALES                                                                                                          48
                                                                     ---------                                           ---------
           Gross Margin                                                 16,315                                              16,457
                                                                     ---------

         EXPENSES
           General & administrative                $ 252,244           572,230        $  52,168         $  91,897          746,852
           Depreciation                                  366               805              202               202            1,335
                                                   ---------         ---------        ---------         ---------        ---------

                                                     252,610          573,035           305,482            92,099          748,187
                                                   ---------        ---------         ---------        ---------          ---------

           Operating (Loss)                         (252,610)        (556,720)         (305,482)         ( 92,099)        (731,730)
                                                                                                                          ----------

         Interest income                                                                    223               390              390
         Interest (expense)                         (  2,618)        (  3,990)                                            (  3,990)
                                                    ---------         ---------       ---------         ---------          ---------

         Net deficit accumulated
           during the development stage             $(255,228)        $(560,710)       $( 52,147)        $( 91,709)       $(735,330)
                                                    =========         =========        =========         =========        =========



         NET LOSS PER COMMON SHARE                     $(.03)            $(.07)           $(.01)            $(.01)           $(.10)

         WEIGHTED AVERAGE COMMON
           SHARES OUTSTANDING                      8,283,135         7,771,429        6,430,000         6,430,000        7,641,723

</TABLE>


<PAGE>


                                   JVWeb, Inc.
                          (A Development Stage Company)
                            Statements of Cash Flows
               For the Three and Nine Months Ended March 31, 1999,
                     The Three Months Ended March 31, 1998,
            and the Period From October 28, 1997 (Date of Inception)
                           to March 31, 1998 and 1999
                                    Unaudited
<TABLE>
<CAPTION>

                                                    3 Months          9 Months         3 Months         Inception        Inception
                                                      Ended            Ended            Ended            Through          Through
                                                    Mar. 31,          Mar. 31,         Mar. 31,          Mar. 31,         Mar. 31,
                                                      1999              1999             1998              1998             1999
<S>                                                    <C>             <C>               <C>                 <C>              <C>
CASH FLOWS FROM OPERATIONS
  Net deficit                                       $(255,228)        $(560,710)       $( 52,147)        $( 91,709)       $(735,330)
  Adjustments to reconcile net
    deficit to cash provided
    from operating activities
  Depreciation                                           366               805              202               202            1,335
  Common stock issued for
    services                                         196,260           266,303            5,000             6,000          326,303
  Write off of deposits on
    purchase of subsidiary                                              55,000                                              55,000
  Net changes in:
         Employee advance                                                2,550          (  2,550)         (  2,550)
         Inventory                                                       3,641)                                           (  8,946)
         Prepaid legal expenses                                         15,200                                            (  4,300)
         Accounts payable and
           accrued expenses                           17,883            28,377                                              39,938
                                                   ---------         ---------        ---------          ---------       ---------
NET CASH USED BY OPERATING
  ACTIVITIES                                        (153,935)         ( 42,661)        ( 49,445)         ( 88,007)        (326,000)
                                                    ---------         ---------        ---------         ---------        ---------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of office equipment
    and furniture                                                                      (  3,640)         (  3,640)        (  4,390)
  Deposit on purchase
    of subsidiary                                                     ( 30,000)                          ( 55,000)        ( 55,000)
                                                   ---------          ---------       ---------          ---------        ---------
NET CASH USED BY INVESTING
  ACTIVITIES                                                          ( 30,000)        (  3,640)         ( 58,640)        ( 59,390)
                                                   ---------         ---------        ---------         ---------        ---------

CASH FLOWS FROM FINANCING ACTIVITIES
  Loans from related parties                          27,700            90,950                                             130,200
  Common stock issued to
    founding shareholder for cash                                                                          67,249           67,249
  Sales of common stock
    for cash                                          15,000           135,778           55,000            55,000          193,045
                                                   ---------         ---------        ---------         ---------        ---------
NET CASH PROVIDED BY FINANCING
  ACTIVITIES                                          42,700           226,728           55,000           122,249          390,494
                                                   ---------         ---------        ---------         ---------        ---------

NET INCREASE (DECREASE) IN CASH                        4,599             4,692            1,915            30,602            5,104
CASH - Beginning of period                               505               412           28,687                 0                0
                                                   ---------         ---------        ---------         ---------        ---------

     - End of period                               $   5,104         $   5,104        $  30,602         $  30,602        $   5,104
                                                   =========         =========        =========         =========        =========

</TABLE>


<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 ended June 30, 1998,  as reported in Form 10-KSB,  have
been omitted.


<PAGE>



MANAGEMENT'S DISCUSSION AND ANALYSIS

SUMMARY

In general,  JVWeb is structured to pursue two main business activities:  1) the
joint venturing of Brands that have strong on-line  commerce  potential,  and 2)
the building of a strong fee for service division to deepen our capabilities. In
this past quarter,  management  launched its fee for service division by opening
its New York offices and in establishing its Phoenix-based web hosting facility.
A  significant  percentage  of the  resources  of the  company  was  devoted to
developing a well-defined  marketing  campaign  around very specific  consulting
services  that  emphasized  the  strengths of the company.  At the present time,
JVWeb  has no  significant  contracts  signed  as a  result  of  these  efforts.
Management  anticipates seeing the benefits of this effort in the year ending
June 30, 1999.

We have  established  three profit centers within our fee for service  division.
The first is a web-hosting service, based in Phoenix, Arizona. The second is the
web development capabilities of Lernout & Hauspie that we market in the U.S. The
third is the strategic  internet services  consulting that is the core expertise
of JVWeb.

The company continues to build on its relationship with Lernout & Hauspie (L&H).
Management, for example, is exploring opportunities to leverage the capabilities
of L&H in the U.S.,  while offering its web-hosting  and other services  through
L&H into  Europe.  We are hopeful that these  efforts  will produce  significant
revenue growth for us. However, at this time, we have not signed any significant
contracts as a result of these efforts.

INCOME STATEMENT

Revenue.  Management had previously  announced its first web-hosting customer at
the end of this quarter.  Revenue for web-hosting has begun in April,  1999, and
we are  hopeful  it will grow as new  customers  are added.  Management  also is
hopeful consulting revenue will initiate in the year ending June 30, 1999.

General  and  Administrative   Expenses.   A  material  percentage  of  the  G&A
expenditures  represented  travel and  organizational  costs associated with the
establishment  of a presence in New York and California,  as well as the pursuit
of  development  with  L&H  in  their  Ipswich   (London)   office.   Additional
expenditures  were  incurred  in  establishing  the web  hosting  capability  in
Phoenix, Arizona.

Remaining G&A expenditures  were related to the costs of being a public company,
including the associated  costs of maintaining a fully reporting status with the
S.E.C.

BALANCE SHEET

Cash.  The  principal  shareholder  and  related  parties,  continue to fund the
minimal operations of the company on an as-needed basis.

Inventory.  Inventory of $8,946 represents  merchandise  related to the Dadandme
and Frogletz product lines.  Management  continues to explore  relationships and
joint  venture  opportunities  that will  support a marketing  campaign to build
these  on-line  brands.  At this time,  no such talks are in serious  discussion
stages.

Notes Payable to Related Parties.  We anticipate paying off these notes in 1999.

<PAGE>


PART II. OTHER INFORMATION

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

     For  services  rendered  (and agreed to be rendered in a written  contract)
having a value determined to be $90,000, the Company agreed to issue to a person
providing  legal  services to the Company an aggregate  of 80,000  shares of the
Company's  common  stock.  This  issuance  is claimed to be exempt  pursuant  to
Regulation  D  under  the  Act.

     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  March 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

                   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.

                                        JVWEB, INC.
                                        (Registrant)


                                        By: /s/Greg J. Micek

                                        Greg J. Micek, President
                                        (Principal Executive Officer, Principal
                                        Financial Officer and Principal
                                        Accounting Officer)

Dated: May 24, 1999






<PAGE>



                                 EXHIBITS INDEX

           Exhibit
           Number             Description


           27              Financial Data Schedule