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

                                   FORM 10-QSB

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the quarterly period ended: September 30, 1999

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 - 26597

                        DOT COM ENTERTAINMENT GROUP, INC.
                 (Name of Small Business Issuer in its charter)

                  Florida                                 58-2466312
(State or other jurisdiction of                  (I.R.S. Employer Identification
incorporation or organization)                             Number)

300 Pearl Street, Suite 200, Buffalo,                     NY  14202
(Address of principal executive offices)                 (zip code)

                                (905) 337 - 8524
                            Issuer's telephone number

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_____

  (Registrant has been subject to filing requirements since September 2, 1999)


As of November 10, 1999, the  registrant  had 10,500,000  shares of Common Stock
outstanding.

Transitional Small Business Disclosure Format (check one);

                                Yes_____ No__X__


<PAGE>

Part I - Financial Information

Item 1 - Financial Statements


                        DOT COM ENTERTAINMENT GROUP, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS

                                                                     (Audited)
                                                     September 30,    (Note 1)
                                                        1999        December 31,
                                                     (unaudited)       1998
                                                    ---------------------------

 Cash                                                   $  12,584      $   3,419
 Accounts receivable                                      166,797         12,267
 Other receivables                                         72,908           --
--------------------------------------------------------------------------------
 Current assets                                           252,289         15,686
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                                        $ 252,289      $  15,686
================================================================================


 Current liabilities                                    $  93,557      $   5,885


--------------------------------------------------------------------------------
 Total liabilities                                         93,557          5,885
--------------------------------------------------------------------------------

 Stockholders' equity
 Common stock, $0.001 par value
 authorized 50,000,000 shares
 issued and outstanding at
 June 30, 1999 - 10,500,000 shares, 1998 - 130             10,500            130

 Additional paid in capital                               238,050           --

 Retained earnings (deficit)                              (89,818)         9,671
--------------------------------------------------------------------------------
                                                          158,732          9,801
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
                                                        $ 252,289      $  15,686
================================================================================

(See accompanying notes)






<PAGE>



                        DOT COM ENTERTAINMENT GROUP, INC.
                          (A Development Stage Company)
                         CONSOLIDATED INCOME STATEMENTS
                                   (unaudited)

<TABLE>
<CAPTION>
                                                Three Months Ended                        Nine Months Ended
                                                   September 30,                             September 30,
                                            1999                  1998                 1999                1998
                                                                 Note (2)                                Note (2)
                                         ---------------------------------        ----------------------------------
<S>                                      <C>                  <C>                  <C>                  <C>
 Revenues
 Royalties                               $    106,703         $     27,813         $    224,224         $     58,608
 Support & Maintenance                         50,000                 --                 75,000                 --
 Advertising                                     --                   --                    743                 --
--------------------------------------------------------------------------------------------------------------------
                                              156,703               27,813              299,967               58,608

 Expenses
 Marketing                                     45,822                 --                131,622                 --
 Development                                   52,633               28,671              134,001               36,118
 General and administrative                    62,403                4,516              133,832                9,479
--------------------------------------------------------------------------------------------------------------------
                                              160,858               33,187              399,455               45,597

--------------------------------------------------------------------------------------------------------------------
 Net income (loss) before taxes                (4,155)              (5,374)             (99,488)              13,011
--------------------------------------------------------------------------------------------------------------------

 Income taxes                                    --                   --                   --                  3,000

--------------------------------------------------------------------------------------------------------------------
 Net income (loss)                       $     (4,155)        $     (5,374)        $    (99,488)        $     10,011
====================================================================================================================


 Weighted average number of shares
   outstanding                             10,500,000            1,000,000           10,222,222            1,000,000

--------------------------------------------------------------------------------------------------------------------
 Earnings (loss) per share               $      (0.00)        $      (0.01)        $      (0.01)        $       0.01
====================================================================================================================
</TABLE>


 (See accompanying notes)




<PAGE>


                 DOT COM ENTERTAINMENT GROUP, INC.
                   (A Development Stage Company)
                  CONSOLIDATED CASH FLOW STATEMENTS
                            (unaudited)

<TABLE>
<CAPTION>
                                                                     Three Months Ended                   Nine Months Ended
                                                                        September 30,                       September 30,
                                                                   1999              1998              1999              1998
                                                                                    Note (2)                           Note (2)
----------------------------------------------------------------=============================        ===========================
<S>                                                              <C>               <C>               <C>               <C>
 OPERATING ACTIVITIES
 Net income (loss) for the period                                $  (4,155)        $  (5,374)        $ (99,488)        $  10,011
--------------------------------------------------------------------------------------------------------------------------------
                                                                    (4,155)           (5,374)          (99,488)           10,011
 Changes in non-cash working capital related to operations
     Accounts receivable                                           (10,251)           (2,813)         (154,530)          (23,297)
     Other receivables                                             (72,908)          (72,908)
     Accounts payable                                               80,286              (116)           87,671              (204)
     Income taxes payable                                             --                --                --               3,000

--------------------------------------------------------------------------------------------------------------------------------
 Cash used in operating activities                                  (7,028)           (8,303)         (239,255)          (10,490)
--------------------------------------------------------------------------------------------------------------------------------

 INVESTMENT ACTIVITIES                                                --                --                --                --

--------------------------------------------------------------------------------------------------------------------------------
 Cash provided by (used in) investment activities                     --                --                --                --
--------------------------------------------------------------------------------------------------------------------------------

 FINANCING ACTIVITIES
 Issuance of common stock, net                                        --                --             248,420              --

--------------------------------------------------------------------------------------------------------------------------------
 Cash provided by financing activities                                --                --             248,420              --
--------------------------------------------------------------------------------------------------------------------------------

 Net increase(decrease) in cash during the period                   (7,028)           (8,303)            9,165           (10,490)

 Cash position, beginning of period                                 19,612             8,858             3,419            11,045

--------------------------------------------------------------------------------------------------------------------------------
 Cash position, end of period                                    $  12,584         $     555         $  12,584         $     555
================================================================================================================================



 A. Cash position

 Cash position is defined as cash on hand and balances with banks

 B. Interest and income taxes paid

     Interest paid                                                    --                --                --                --
     Income taxes paid                                                --                --                --                --
</TABLE>

(See accompanying notes)



<PAGE>




                        DOT COM ENTERTAINMENT GROUP, INC.
                          (A Development Stage Company)
                   Notes to Consolidated Financial Statements


1.   December 31, 1998 Comparative Balance Sheet

The December 31, 1998 comparative  balance sheet is the audited balance sheet of
The Precyse  Corporation  ("Precyse"),  which is the most recent annual  audited
period. On January 27, 1999, Dot Com Entertainment  Group ("DCEG") acquired 100%
of the shares of Precyse.  Since  substantially  all of the  previous  owners of
Precyse now comprise most of the  directors and officers of DCEG,  and they have
effective operating control of the combined company,  the acquisition of Precyse
by DCEG has been accounted for showing Precyse as the accounting acquirer as per
SAB 2:A:2 of SEC guidance.  Until its name change on February 2, 1999,  DCEG was
formerly known as Affiliated Adjusters, Inc. ("Affiliated"),  a State of Florida
corporation  which,  since being  organized on December  11, 1981,  conducted no
business and had only nominal assets and liabilities.


2.   Comparatives for the Three and Nine Months ended September 30, 1998.

The comparative income statements and cash flow statements for the three and six
months 1998 present the historical  financial statements of Precyse. The Precyse
financial  statements  are  presented  since  substantially  all of the previous
owners of Precyse now comprise most of the  directors and officers of DCEG,  and
they have effective  operating  control of the combined  company and as a result
the acquisition of Precyse by DCEG has been accounted for showing Precyse as the
accounting acquirer as per SAB 2:A:2 of SEC guidance.



<PAGE>




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

Results of Operations

General

Dot Com  Entertainment  Group,  Inc. ("Dot Com" or the "Company") is an Internet
software  development  company,  specializing  in the  creation  and  support of
Internet  entertainment  products  and  related  services.  Dot Com  derives its
revenues  from several  sources,  including  its  assessment of license fees and
royalties  from  the  use of its  software.  Additionally  ,  Dot  Com  provides
licensees with technical support,  maintenance,  software upgrades,  information
and systems consulting services,  and marketing and promotional  initiatives and
services geared toward generating goodwill and brand awareness.

Dot Com's existing  product is an Internet bingo game,  CyberBingo (TM). Dot Com
is not an Internet  gaming  company,  in that it does not directly or indirectly
accept wagers used to play games of chance on the Internet.  Rather, it develops
and  licenses  the use of its  commercial  software  product  and  trademark  to
independent  third parties located in jurisdictions  that permit Internet gaming
as a legitimate business enterprise.

The Company  operated  without revenue until May, 1998. Since that time, Dot Com
has experienced  continual revenue growth through the assessment of license fees
and support and  maintenance.  To date the  Company  has had one  licensee,  The
CyberBingo Corporation ("TCC"), located in St. John's, Antigua.

The  following  tables set forth  selected  information  from the  statements of
operations  for the three and nine months ended  September 30, 1999 and 1998 and
the balance sheets as at September 30, 1999 and December 31, 1998.

Selected Statement of Operations Information

<TABLE>
<CAPTION>
                                              Three months ended                                    Nine months ended
                                 September 30, 1999        September 30, 1998         September 30, 1999       September 30, 1998
---------------------------- -------------------------- -------------------------- -------------------------- ----------------------
<S>                                   <C>                        <C>                        <C>                        <C>
Revenues                              156,703                    27,813                     299,967                    58,608
---------------------------- -------------------------- -------------------------- -------------------------- ----------------------
Operating expenses                    160,858                    33,187                     399,455                    45,597
---------------------------- -------------------------- -------------------------- -------------------------- ----------------------
Net Income                             (4,155)                   (5,374)                    (99,488)                   10,011
---------------------------- -------------------------- -------------------------- -------------------------- ----------------------
</TABLE>




<PAGE>



Selected Balance Sheet Information

                                At September 30, 1999      At December 31, 1998
----------------------------- -------------------------- ----------------------
Total Assets                           252,289                    15,686
----------------------------- -------------------------- ----------------------
Stockholders' equity                   158,732                     9,801
----------------------------- -------------------------- ----------------------


Three Months Ended September 30, 1999 Compared to September 30, 1998.


Revenues  increased to $156,703 for the three months ended September 30, 1999 as
compared to $27,813 for the same  period in the prior year.  The primary  reason
for the increase in revenue is the heightened level of activity of the Company's
licensee,  resulting in higher  royalty and support  revenues in fiscal 1999. In
its efforts to market and improve the  Company's  products,  Dot Com's  expenses
also increased  significantly  over the prior year resulting in a loss of $4,155
for the three  months ended  September  30, 1999 as compared to a loss of $5,374
for the comparable period in 1998. The increased  expenses are primarily related
to  staffing,  office,  overhead,  support  and  maintenance,   development  and
marketing, and public company regulatory expenses, which are associated with the
Company's  increased  business  activity during fiscal 1999. During fiscal 1998,
the Company had limited  operations,  resulting in  significantly  lower expense
levels.

The three and nine  months  1998  comparative  income  statements  and cash flow
statements contained in this quarterly report have been prepared presenting only
the operations of The Precyse  Corporation  ("Precyse"),  acquired by Dot Com in
January,  1999.  Precyse's  operations  are presented  since the  acquisition of
Precyse  by Dot Com and  have  been  accounted  for by  showing  Precyse  as the
accounting  acquiror since  substantially  all of the previous owners of Precyse
now  comprise  most of the  directors  and  officers  of Dot Com,  and they have
effective  operating  control of the combined company (Also see SAB 2:A:2 of SEC
guidelines).


Nine Months Ended September 30, 1999 Compared to September 30, 1998.


Revenues  increased to $299,967 for the nine months ended  September 30, 1999 as
compared to $58,608 for the same  period in the prior year.  The primary  reason
for the  increase  in  revenues  is the  heightened  level  of  activity  of the
Company's  licensee,  resulting in higher royalty and support revenues in fiscal
1999.  Further  contributing  to the increase in revenue is that the fiscal 1998
results  only  represent  five  months  of  revenue  since  revenue  -generating
activities  only began in May of 1998.  In its efforts to market and improve the
Company's  products,  Dot Com's expenses increased  significantly over the prior
year,  resulting  in a loss of $99,488 for the nine months ended  September  30,
1999 as compared to a profit of $10,011 for the  comparable  period in 1998. The
increased expenses are primarily related to staffing,  office, overhead, support
and  maintenance,  development  and  marketing,  and public  company  regulatory
expenses,  which are associated with the Company's  increased  business activity
during  fiscal 1999.  During  fiscal 1998,  the Company had limited  operations,
resulting in significantly lower expense levels.

The three and nine  months  1998  comparative  income  statements  and cash flow
statements contained in this quarterly report have been prepared presenting only
the operations of The Precyse  Corporation  ("Precyse"),  acquired by Dot Com in
January,  1999.  Precyse's  operations  are presented  since the  acquisition of
Precyse  by

<PAGE>

Dot Com and  have  been  accounted  for by  showing  Precyse  as the  accounting
acquiror since  substantially all of the previous owners of Precyse now comprise
most of the directors and officers of Dot Com, and they have effective operating
control of the combined company (Also see SAB 2:A:2 of SEC guidelines).


September 30, 1999 Balance Sheet Compared to December 31, 1998.


At September  30,  1999,  total  assets  increased  to $252,289  from $15,686 at
December 31, 1998. The increase is due primarily to higher  accounts  receivable
of $166,797 and other  receivables  of $72,908 at September 30, 1999 compared to
$12,267 and nil  respectively  at December  31,  1998.  The increase in accounts
receivable  represents  the  heightened  level  of  activity  of  the  Company's
licensee,  resulting  from higher royalty and support  revenues.  The balance in
other receivables  represents payments made by Dot Com on behalf of its licensee
and other amounts for which Dot Com will be repaid.

Total  liabilities  increased  to $93,557 at  September  30, 1999 from $5,885 at
December  31, 1998.  This  increase is due to the  heightened  level of business
activity of Dot Com in the current year compared to that leading to the year-end
December 31, 1998.


Risks and Uncertainties

We have  identified  that there is uncertainty in North America  relating to the
lawfulness  of  Internet  gaming.  As such,  notwithstanding  the fact  that the
CyberBingo  (TM) game system is licensed by TCC,  which  operates  from Antigua,
where such business is lawful if licensed,  governments elsewhere, including the
federal,  state or any  local  governments  in the  United  States  may take the
position that Cyber Bingo(TM) is being played unlawfully in their  jurisdiction.
Accordingly,  the  Company  may  face  criminal  prosecution  in any  number  of
jurisdictions, either for operating an illegal gaming operation, or as aiding ad
abetting  others,  such  as  its  licensees,  in  operating  an  illegal  gaming
operation.  The  Company  has  not  devoted  any of  its  limited  resources  to
investigating the legal climate in which it operates.  Many of the issues facing
the  Company are the same as those  facing all other  e-commerce  providers,  as
current  laws  are not  clear  as to  who,  if  anyone,  has  jurisdiction  over
Internet-based commerce. A number of proposals have been presented in the United
States  congress  to  expressly  ban  Internet  gaming,  although  none of these
proposals  have yet been  enacted.  Although the Company  intends to do business
worldwide,  any  enforceable  ban on Internet  gaming in the United States would
have a material adverse effect on the Company's business and both its short-term
and long-term liquidity and its revenues from operations.


Liquidity and Capital Resources

In February, 1999 Dot Com raised an aggregate of $249,420 in capital through the
sale of shares pursuant to a private  placement made in accordance with Rule 504
under the  Securities  Act.  These funds  allowed  the  Company to increase  its
marketing and  development  efforts.  The  consolidated  income  statements  and
statements of cash flows for the three and nine months ended  September 30, 1999
reflect  the results of these  higher  expenditures.  Although  there has been a
significant  use of cash for the three and nine months ended  September 30, 1999
resulting from investments in working capital (as reflected in the significantly
higher

<PAGE>

accounts  receivable  balance) and  expenses  associated  therewith,  management
believes that through continued revenue improvements, the collection of accounts
receivable  in the  ordinairy  course of  business  and by  continuing  to match
expenses with cash resources,  the Company has sufficient  cash-flow to meet its
ongoing obligations. The Company's marketing expenditures during the nine months
of fiscal 1999 were made on a discretionary  basis, with no ongoing commitments,
based on the  cash  resources  available.  These  marketing  efforts  and  other
discretionary  expenditures will be reduced,  if necessary,  to reflect the cash
resources  on hand from time to time.  At  September  30,  1999 the  Company had
working capital of approximately $159,000 as compared with approximately $10,000
at December 31, 1998.

Management  also believes that it must raise  additional  funds in order to meet
its  objectives,  which are to release new software  products every three months
and  successfully  market its  existing  software  products on an  international
level.  Part of Dot  Com's  business  plan is to  become  a first  mover in this
emerging  on-line  entertainment  industry.  Management  believes that if it can
successfully raise $10,000,000, it will have sufficient resources to initiate an
international marketing  infrastructure for its software products, make possible
acquisitions of related  businesses,  which it has not yet identified,  and fund
all  development  and  other  expenses.  Management  is  seeking  to raise up to
$10,000,000  in equity  through a private  placement.  At the present time,  the
Company has held discussions with a number of investment banks and institutional
investors, but has no commitments from anyone to raise funds.

There are presently no material commitments for capital expenditures. Due to the
nature of its  business,  the Company does not require  significant  outlays for
capital  expenditures and, as a result, is not planning for any material capital
expenditures for the foreseeable future,  unless and until additional  financing
is realized.


Year 2000 Issues

State of Readiness:        Company Internal Computer Systems

All of the software and hardware  systems used in the  development and operation
of Dot Com's  products and services  have been  certified  Y2K  compliant by its
hardware  and software  vendors.  All personal  computer  desktops,  servers and
laptops are Y2K compliant.  All Company  hardware systems are supplied by either
Dell or Compaq and have all been  manufactured  after June of 1998.  All Company
computer  stations run Microsoft NT 4.0 and SP4 operating  systems and have been
certified compliant by Microsoft Corporation. All development tools and database
management  systems have been  certified  compliant by Imprise  Corporation  and
Microsoft Corporation. (Delphi 4.0, MS-MDAC MSODBC, MS SQL Server 6.5 SP5)

State of Readiness - TCC Computer Systems:

All hardware and software  systems are Y2K ready.  Network  computer servers and
routers are certified Y2K compliant by the vendors  (Compaq  Computers and Cisco
Systems)  with  all  computer  systems  supplied  by  Compaq  and  have all been
manufactured after July 1997.

All computer systems are running Microsoft NT 4.0 SP4 operating systems and have
been certified  compliant by Microsoft  Corporation.  TCC's DataBase  Management
Platform  (back end database  services) are  implemented on Microsoft SQL Server
Version 6.5 with  Service  Pack 5.  Microsoft  Corporation  certifies  that this
configuration is Y2K compliant.


<PAGE>

Client Applications Developed by Dot Com

All of Dot Com's software applications  currently running on TTC systems are Y2K
ready.  All date  specific  code segments have been analysed and the Company has
verified  that all  date-time  variables  are using 4-digit date formats and are
therefore Y2K compliant.

Costs to Address the Company's Readiness:


The Company  anticipates  that there will be no additional costs associated with
the implementation of Y2K hardware or software systems.

The Risks:

The potential exists and we are exposed to a risk that certain of our systems or
those of our  licensees  will fail or suffer  impairment as a result of thee Y2K
issue. Although management believes that all hardware is Y2K compliant, there is
a risk that the Company's  reliance on certain  hardware  systems,  software and
related  services  could  result in a complete  system  failure to its  software
and/or  hardware  systems  and/or  any  related  information  technology  system
including  communication  systems.   Although  the  Company  relies  on  systems
developed using current  technology and on systems designed to be Y2K compliant,
we may have to replace,  upgrade or  re-engineer or program  certain  systems to
ensure that all technology will be Y2K compliant when operating together.

Other identified  risks include the failure of necessary  services such as power
and Internet service access.

Contingency Plans:

The Company does not have a plan to resolve potential service  interruptions due
to long-term power or Internet  service outages.  Short-term power  fluctuations
are being  addressed  through the use of  un-interruptable  power  supplies  and
diesel generator backup systems at the location of our licensee in Antigua.

Unanticipated  date related  issues that  originate due to the Y2K event will be
immediately  corrected or fixed by our software developers.  Y2K related issues,
which  originate due to bugs in Microsoft  software  systems which have not been
identified by Microsoft  will be analysed by Dot Com and an attempt will be made
to immediately implement work-around systems to correct problems.


Forward Looking Statements

Dot Com is a development-stage  company. Certain of the information contained in
this  document  constitutes  "forward-looking  statements",  including  but  not
limited  to  those  with  respect  to the  future  revenues  and  the  Company's
development strategy, involve known and unknown risks, uncertainties,  and other
factors which may cause the actual  results,  performance or achievements of the
Company to be  materially  different  from any future  results,  performance  or
achievements  expressed  or implied  by such  forward-looking  statements.  Such
factors include, among others, the continued acceptance of the Internet,  number
of  visits  to the  Company's  and

<PAGE>

its affiliates'  websites,  as well as those factors  disclosed in the Company's
documents filed from time to time with the United States Securities and Exchange
Commission.


Item 6 - Exhibits and Reports on Form 8-K

There are no reports on Form 8-K that were filed for the quarter.

Exhibit 27 - Financial Data Schedule

                                   SIGNATURES

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

DOT COM ENTERTAINMENT GROUP, INC.
(Registrant)



Date:  November 11, 1999                    /s/  SCOTT WHITE
                                            ----------------------------
                                            Scott White
                                            President

Date:  November 11, 1999                    /s/  PERRY MALONE
                                            ----------------------------
                                            Perry Malone
                                            VP Technology